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 | |
|---|---|---|---|---|---|---|
|
EMC
151
PUT
DELISTED
EMC CORPORATION
EMC
| $206M | 0.1% |
8,191,500
+1,513,400
| +23% | +$36.7M |
|
|
B
152
Barrick Mining
B
$78.3B
| $206M | 0.1% |
11,670,850
-860,599
| -7% | -$15.2M |
|
153
PUT
Las Vegas Sands
LVS
$30.5B
| $205M | 0.09% |
2,605,500
+579,400
| +29% | +$41.7M |
|
154
PUT
United States Oil Fund
USO
$2.24B
| $205M | 0.09% |
725,838
-33,650
| -4% | -$9.45M |
|
155
AT&T
T
$173B
| $205M | 0.09% |
7,718,046
-396,706
| -5% | -$10.4M |
|
156
CALL
Oracle
ORCL
$422B
| $204M | 0.09% |
5,342,300
+145,700
| +3% | +$5.01M |
|
|
CHK
157
PUT
DELISTED
Chesapeake Energy Corporation
CHK
| $204M | 0.09% |
39,748
-109
| -0.3% | -$554K |
|
158
CALL
Intuitive Surgical
ISRG
$134B
| $203M | 0.09% |
4,765,500
-372,600
| -7% | -$15.7M |
|
|
NBL
159
CALL
DELISTED
Noble Energy, Inc.
NBL
| $201M | 0.09% |
2,953,900
+391,000
| +15% | +$27.7M |
|
160
CALL
3D Systems Corp
DDD
$530M
| $200M | 0.09% |
2,154,800
+703,950
| +49% | +$49.4M |
|
161
PUT
Amgen
AMGN
$238B
| $200M | 0.09% |
1,751,600
+153,700
| +10% | +$17.5M |
|
162
Baidu
BIDU
$31.6B
| $200M | 0.09% |
1,123,965
+337,170
| +43% | +$54.5M |
|
163
CALL
United States Natural Gas Fund
UNG
$506M
| $200M | 0.09% |
603,269
+534,675
| +779% | +$164M |
|
164
Ford
F
$57.5B
| $199M | 0.09% |
12,907,689
+6,536,677
| +103% | +$110M |
|
165
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $199M | 0.09% |
4,628,700
+3,108,000
| +204% | +$131M |
|
166
Microsoft
MSFT
$3.59T
| $199M | 0.09% |
5,308,414
-1,684,724
| -24% | -$61.2M |
|
167
Procter & Gamble
PG
$336B
| $197M | 0.09% |
2,425,103
-1,269,293
| -34% | -$103M |
|
168
CALL
American Express
AXP
$227B
| $197M | 0.09% |
2,173,200
+1,073,000
| +98% | +$88.1M |
|
|
GMCR
169
CALL
DELISTED
KEURIG GREEN MTN INC
GMCR
| $196M | 0.09% |
2,597,600
-555,900
| -18% | -$37.8M |
|
170
PUT
ProShares Short VIX Short-Term Futures ETF
SVXY
$251M
| $196M | 0.09% |
2,909,200
+2,181,200
| +300% | +$130M |
|
171
PUT
Verizon
VZ
$205B
| $196M | 0.09% |
3,985,100
+672,700
| +20% | +$33.1M |
|
172
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $195M | 0.09% |
9,244,200
-648,200
| -7% | -$15M |
|
173
CALL
Coca-Cola
KO
$392B
| $194M | 0.09% |
4,694,900
-1,633,400
| -26% | -$64.4M |
|
174
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $194M | 0.09% |
1,632,500
-171,200
| -9% | -$19.8M |
|
|
TWC
175
CALL
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $193M | 0.09% |
1,427,700
+485,000
| +51% | +$60.2M |
|
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.