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 | |
|---|---|---|---|---|---|---|
1776
Cameco
CCJ
$46.3B
| $11.1M | 0.01% |
612,290
+101,447
| +20% | +$2.04M |
|
|
CEE
1777
Central and Eastern Europe Fund
CEE
$129M
| $11.1M | 0.01% |
357,757
+147,904
| +70% | +$4.38M |
|
|
CVRR
1778
PUT
DELISTED
CVR Refining, LP
CVRR
| $11M | 0.01% |
443,000
-335,400
| -43% | -$9.05M |
|
1779
PUT
Boston Beer
SAM
$1.88B
| $11M | 0.01% |
45,200
+5,400
| +14% | +$1.12M |
|
|
SLXP
1780
CALL
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $11M | 0.01% |
165,000
+127,300
| +338% | +$8.77M |
|
1781
CALL
Ubiquiti
UI
$35.9B
| $11M | 0.01% |
328,400
+272,600
| +489% | +$7.31M |
|
1782
CALL
Cheniere Energy
CQP
$33.1B
| $11M | 0.01% |
418,300
+269,700
| +181% | +$7.59M |
|
1783
CALL
Manitowoc
MTW
$686M
| $11M | 0.01% |
621,309
+225,760
| +57% | +$4.1M |
|
|
DO
1784
PUT
DELISTED
Diamond Offshore Drilling
DO
| $11M | 0.01% |
176,700
+25,600
| +17% | +$1.71M |
|
1785
CALL
iShares Russell 2000 Value ETF
IWN
$14.7B
| $11M | 0.01% |
120,000
+93,800
| +358% | +$8.46M |
|
|
BEAV
1786
CALL
DELISTED
B/E Aerospace Inc
BEAV
| $11M | 0.01% |
204,940
+91,284
| +80% | +$4.64M |
|
|
NFX
1787
PUT
DELISTED
Newfield Exploration
NFX
| $10.9M | 0.01% |
400,000
+278,800
| +230% | +$6.99M |
|
1788
PUT
KLA
KLAC
$240B
| $10.9M | 0.01% |
1,795,000
-3,418,000
| -66% | -$20M |
|
1789
CACI
CACI
$14B
| $10.9M | 0.01% |
157,987
+57,900
| +58% | +$3.86M |
|
1790
CALL
Fortinet
FTNT
$127B
| $10.9M | 0.01% |
2,682,000
+171,000
| +7% | +$692K |
|
|
APL
1791
CALL
DELISTED
ATLAS PIPELINE PARTNERS LP UTS
APL
| $10.9M | 0.01% |
279,700
-25,800
| -8% | -$983K |
|
1792
State Street SPDR S&P Metals & Mining ETF
XME
$4.91B
| $10.8M | 0.01% |
296,015
-67,244
| -19% | -$2.44M |
|
1793
PUT
KKR & Co
KKR
$98.1B
| $10.8M | 0.01% |
525,800
+83,900
| +19% | +$1.68M |
|
|
TIF
1794
DELISTED
Tiffany & Co.
TIF
| $10.8M | 0.01% |
140,992
-8,163
| -5% | -$643K |
|
|
WWAV
1795
CALL
DELISTED
The WhiteWave Foods Company
WWAV
| $10.8M | 0.01% |
540,800
+234,600
| +77% | +$4.45M |
|
1796
CALL
TC Energy
TRP
$64.6B
| $10.8M | 0.01% |
245,200
+72,600
| +42% | +$3.23M |
|
|
WNR
1797
CALL
DELISTED
Western Refining Inc
WNR
| $10.8M | 0.01% |
358,100
-16,100
| -4% | -$473K |
|
1798
PUT
Expeditors International
EXPD
$24.8B
| $10.7M | 0.01% |
243,800
-106,600
| -30% | -$4.42M |
|
|
ETFC
1799
PUT
DELISTED
E*Trade Financial Corporation
ETFC
| $10.7M | 0.01% |
649,700
-37,300
| -5% | -$556K |
|
1800
Western Union
WU
$2.25B
| $10.7M | 0.01% |
573,972
+328,416
| +134% | +$5.9M |
|
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.