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 20+ Year Treasury Bond ETF
TLT
|
+$607M |
| 2 |
Apple
AAPL
|
+$361M |
| 3 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$214M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$208M |
| 5 |
Intel
INTC
|
+$169M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.73B |
| 2 |
Pfizer
PFE
|
+$887M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$696M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$433M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$320M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 86.04% |
| 2 | Technology | 3.9% |
| 3 | Financials | 1.72% |
| 4 | Consumer Discretionary | 1.47% |
| 5 | Energy | 1.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MHFI
1726
CALL
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $11.5M | 0.01% |
175,900
-106,000
| -38% | -$6.42M |
|
1727
PUT
Waste Management
WM
$87.2B
| $11.5M | 0.01% |
279,700
-37,800
| -12% | -$1.58M |
|
|
LEAP
1728
PUT
DELISTED
LEAP WIRELESS INTERNATIONAL INC NEW
LEAP
| $11.5M | 0.01% |
729,900
+665,400
| +1,032% | +$9.92M |
|
1729
PUT
ProShares Ultra Bloomberg Natural Gas
BOIL
$430M
| $11.5M | 0.01% |
9
+2
| +29% | +$2.79M |
|
|
SGI
1730
Somnigroup International
SGI
$13.1B
| $11.5M | 0.01% |
1,047,964
-4,180
| -0.4% | -$43.4K |
|
|
ARG
1731
PUT
DELISTED
Airgas Inc
ARG
| $11.5M | 0.01% |
108,500
-17,900
| -14% | -$1.84M |
|
|
BNY
1732
CALL
Bank of New York Mellon
BNY
$110B
| $11.5M | 0.01% |
381,100
-49,400
| -11% | -$1.52M |
|
|
AVP
1733
PUT
DELISTED
Avon Products, Inc.
AVP
| $11.5M | 0.01% |
558,200
-388,900
| -41% | -$8.32M |
|
|
MRSH
1734
Marsh
MRSH
$90.1B
| $11.5M | 0.01% |
263,939
-19,219
| -7% | -$808K |
|
|
ULTI
1735
CALL
DELISTED
Ultimate Software Group Inc
ULTI
| $11.5M | 0.01% |
77,900
+8,500
| +12% | +$1.18M |
|
|
UPL
1736
PUT
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $11.4M | 0.01% |
556,600
-886,700
| -61% | -$18.7M |
|
|
AXE
1737
DELISTED
Anixter International Inc
AXE
| $11.4M | 0.01% |
130,542
+4,953
| +4% | +$415K |
|
|
CEO
1738
CALL
DELISTED
CNOOC Limited
CEO
| $11.4M | 0.01% |
56,600
+29,500
| +109% | +$5.61M |
|
1739
CALL
KKR & Co
KKR
$97.9B
| $11.4M | 0.01% |
553,900
-113,300
| -17% | -$2.27M |
|
1740
CALL
Texas Instruments
TXN
$242B
| $11.4M | 0.01% |
283,000
-156,300
| -36% | -$6.07M |
|
1741
Expeditors International
EXPD
$24.9B
| $11.4M | 0.01% |
258,624
+128,189
| +98% | +$5.32M |
|
|
MDC
1742
CALL
DELISTED
M.D.C. Holdings, Inc.
MDC
| $11.4M | 0.01% |
527,340
+342,348
| +185% | +$7.53M |
|
1743
PUT
Pitney Bowes
PBI
$2.38B
| $11.4M | 0.01% |
625,300
-182,200
| -23% | -$2.99M |
|
|
NTI
1744
DELISTED
NORTHERN TIER ENERGY LP CLASS A
NTI
| $11.4M | 0.01% |
576,746
+534,452
| +1,264% | +$11.9M |
|
|
BEAV
1745
DELISTED
B/E Aerospace Inc
BEAV
| $11.4M | 0.01% |
212,729
+206,907
| +3,554% | +$10.5M |
|
1746
CALL
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $11.4M | 0.01% |
129,000
-73,500
| -36% | -$6.39M |
|
1747
CALL
Vera Bradley
VRA
$95.8M
| $11.4M | 0.01% |
552,100
+42,900
| +8% | +$916K |
|
|
FITB
1748
Fifth Third Bancorp
FITB
$49.6B
| $11.3M | 0.01% |
628,957
-216,279
| -26% | -$4.07M |
|
1749
PNC Financial Services
PNC
$97.2B
| $11.3M | 0.01% |
156,589
-59,633
| -28% | -$4.45M |
|
1750
PUT
POSCO
PKX
$18.5B
| $11.3M | 0.01% |
153,900
+2,900
| +2% | +$211K |
|
Similar funds
Jeff Yass's Q3 2013 Portfolio in Review
As of Q3 2013, Jeff Yass held 9,320 positions worth $189B, up 7.4% from $176B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass withdrew a net $9.21B in Q3 2013, closing 982 positions and reducing 3,282 holdings. Its most notable exit was NEWS CORPORATION CL-A, an estimated $41.4M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 86% of assets, down from 87% a quarter earlier, followed by Technology and Financials.
Against the trend, Jeff Yass opened a new position in Invesco DB Commodity Index Tracking Fund worth $46.1M.
- Jeff Yass's largest Q3 2013 buy was Invesco DB Commodity Index Tracking Fund: 1,789,244 shares worth $46.1M.
- Jeff Yass added most to iShares 20+ Year Treasury Bond ETF in Q3 2013, an estimated $607M increase.
- Jeff Yass's biggest Q3 2013 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $6.73B.
- Jeff Yass fully exited NEWS CORPORATION CL-A in Q3 2013, selling an estimated $41.4M.
- Jeff Yass's ten largest holdings make up 24% of its $189B portfolio in Q3 2013.
- Jeff Yass opened 1,211 new positions and closed 982 in Q3 2013.
- Jeff Yass's portfolio value rose 7.4% quarter-over-quarter to $189B.
Based on Susquehanna International Group's 13F filing for Q3 2013, filed 13 Nov 2013.