Jeff Yass Susquehanna International Group
Jeff Yass is a co-founder of Susquehanna International Group (SIG), a major global trading and market-making firm. SIG is known for options expertise, quantitative trading, and a training culture grounded in probabilistic decision-making. Yass’s firm is influential across derivatives markets even though it is less of a traditional long-only stock-picking franchise.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$580M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$256M |
| 3 |
iShares Russell 2000 Growth ETF
IWO
|
+$200M |
| 4 |
Cheniere Energy
LNG
|
+$147M |
| 5 |
WisdomTree Japan Hedged Equity Fund
DXJ
|
+$141M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$889M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$332M |
| 3 |
HIG.WS
Hartford Financial Services Grp
HIG.WS
|
+$329M |
| 4 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$231M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$191M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.62% |
| 2 | Financials | 1.79% |
| 3 | Consumer Discretionary | 1.58% |
| 4 | Energy | 1.56% |
| 5 | Communication Services | 1.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Netflix
NFLX
$331B
| $248M | 0.11% |
47,095,230
+17,271,870
| +58% | +$84.8M |
|
127
CALL
Cisco
CSCO
$438B
| $245M | 0.11% |
10,915,100
+1,662,700
| +18% | +$36.8M |
|
128
CALL
US Bancorp
USB
$96.7B
| $245M | 0.11% |
6,060,200
+4,468,400
| +281% | +$171M |
|
129
CALL
Occidental Petroleum
OXY
$61.3B
| $245M | 0.11% |
2,685,005
+239,963
| +10% | +$21.9M |
|
130
Invesco QQQ Trust
QQQ
$486B
| $242M | 0.11% |
2,748,624
-509,786
| -16% | -$42.5M |
|
|
APC
131
CALL
DELISTED
Anadarko Petroleum
APC
| $237M | 0.11% |
2,983,500
+396,300
| +15% | +$35.5M |
|
132
CALL
Comcast
CMCSA
$95.3B
| $234M | 0.11% |
8,988,200
+6,316,000
| +236% | +$152M |
|
133
PUT
lululemon athletica
LULU
$13.7B
| $233M | 0.11% |
3,949,200
+866,900
| +28% | +$59.5M |
|
134
PUT
Wells Fargo
WFC
$254B
| $230M | 0.11% |
5,056,700
-1,184,700
| -19% | -$51.2M |
|
135
CALL
GE Aerospace
GE
$361B
| $228M | 0.11% |
1,694,044
+291,251
| +21% | +$36.7M |
|
|
136
WisdomTree Japan Hedged Equity Fund
DXJ
$7.23B
| $227M | 0.1% |
4,461,399
+2,904,670
| +187% | +$141M |
|
137
PUT
3M
MMM
$92.3B
| $227M | 0.1% |
1,932,138
+751,686
| +64% | +$80.1M |
|
|
138
iShares Russell 2000 Growth ETF
IWO
$14.8B
| $224M | 0.1% |
1,652,578
+1,545,594
| +1,445% | +$200M |
|
139
CALL
Freeport-McMoran
FCX
$110B
| $224M | 0.1% |
5,928,500
+1,067,500
| +22% | +$37.8M |
|
|
140
CALL
Wells Fargo
WFC
$254B
| $220M | 0.1% |
4,841,700
-354,900
| -7% | -$15.3M |
|
141
PUT
Bristol-Myers Squibb
BMY
$137B
| $218M | 0.1% |
4,106,300
+1,247,600
| +44% | +$63.6M |
|
142
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $217M | 0.1% |
5,644,400
-3,742,800
| -40% | -$143M |
|
|
PXD
143
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
| $215M | 0.1% |
1,170,000
+212,100
| +22% | +$40.8M |
|
144
PUT
Chevron
CVX
$403B
| $215M | 0.1% |
1,721,800
-197,000
| -10% | -$23.8M |
|
145
VanEck Gold Miners ETF
GDX
$31.8B
| $213M | 0.1% |
10,082,232
-1,305,846
| -11% | -$30.2M |
|
|
YHOO
146
DELISTED
Yahoo Inc
YHOO
| $212M | 0.1% |
5,231,254
+737,600
| +16% | +$26.5M |
|
147
PUT
Biogen
BIIB
$32B
| $210M | 0.1% |
749,200
-55,400
| -7% | -$14.3M |
|
|
VXX
148
CALL
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $209M | 0.1% |
307,188
+256,165
| +502% | +$204M |
|
149
IBM
IBM
$222B
| $208M | 0.1% |
1,161,638
-64,146
| -5% | -$11.1M |
|
150
CALL
SLB Ltd
SLB
$79.9B
| $208M | 0.1% |
2,309,900
-210,900
| -8% | -$19M |
|
Similar funds
Jeff Yass's Q4 2013 Portfolio in Review
As of Q4 2013, Jeff Yass held 9,880 positions worth $217B, up 15% from $189B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $9.58B of net new capital in Q4 2013, opening 1,544 new positions and adding to 3,872 existing holdings. Its largest new stake was American Airlines Group: 1,433,148 shares worth $36.2M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, down from 3.9% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Apple, an estimated $889M trimmed.
- Jeff Yass's largest Q4 2013 buy was American Airlines Group: 1,433,148 shares worth $36.2M.
- Jeff Yass added most to iShares Russell 2000 ETF in Q4 2013, an estimated $580M increase.
- Jeff Yass's biggest Q4 2013 reduction was Apple, cutting an estimated $889M.
- Jeff Yass fully exited Hartford Financial Services Grp in Q4 2013, selling an estimated $329M.
- Jeff Yass's ten largest holdings make up 24% of its $217B portfolio in Q4 2013.
- Jeff Yass opened 1,544 new positions and closed 949 in Q4 2013.
- Jeff Yass's portfolio value rose 15% quarter-over-quarter to $217B.
Based on Susquehanna International Group's 13F filing for Q4 2013, filed 13 Feb 2014.