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 | |
|---|---|---|---|---|---|---|
1876
Ameriprise Financial
AMP
$49.1B
| $10M | 0.01% |
109,915
-18,381
| -14% | -$1.62M |
|
1877
PUT
Allstate
ALL
$65.1B
| $10M | 0.01% |
197,900
-75,600
| -28% | -$3.8M |
|
1878
Myriad Genetics
MYGN
$304M
| $10M | 0.01% |
425,584
+367,375
| +631% | +$10.4M |
|
|
MXIM
1879
CALL
DELISTED
Maxim Integrated Products
MXIM
| $9.99M | 0.01% |
335,400
+167,700
| +100% | +$4.77M |
|
1880
CALL
Celanese
CE
$4.92B
| $9.99M | 0.01% |
189,300
-1,500
| -0.8% | -$73.5K |
|
1881
CALL
First Bancorp
FBP
$4.23B
| $9.97M | 0.01% |
1,754,800
+2,800
| +0.2% | +$19.8K |
|
1882
PUT
Eldorado Gold
EGO
$12.5B
| $9.97M | 0.01% |
297,040
-66,280
| -18% | -$2.52M |
|
1883
CALL
SBA Communications
SBAC
$19.8B
| $9.96M | 0.01% |
123,800
+70,100
| +131% | +$5.31M |
|
|
HERO
1884
DELISTED
HERCULES OFFSHORE INC COM STK
HERO
| $9.95M | 0.01% |
1,349,397
+452,004
| +50% | +$3.3M |
|
1885
Graham Holdings Company
GHC
$4.84B
| $9.94M | 0.01% |
26,894
+26,133
| +3,434% | +$8.8M |
|
|
AIRM
1886
PUT
DELISTED
Air Methods Corp
AIRM
| $9.93M | 0.01% |
233,100
+110,100
| +90% | +$4.23M |
|
1887
PUT
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$66.5M
| $9.93M | 0.01% |
2
-3
| -60% | -$14.3M |
|
|
VPHM
1888
PUT
DELISTED
VIROPHARMA INC
VPHM
| $9.93M | 0.01% |
252,900
+201,400
| +391% | +$6.58M |
|
|
NPSP
1889
PUT
DELISTED
NPS PHARMACEUTICALS INC
NPSP
| $9.93M | 0.01% |
312,100
+150,900
| +94% | +$3.46M |
|
1890
Analog Devices
ADI
$181B
| $9.93M | 0.01% |
210,926
+69,670
| +49% | +$3.33M |
|
|
MXIM
1891
PUT
DELISTED
Maxim Integrated Products
MXIM
| $9.92M | 0.01% |
332,900
+23,600
| +8% | +$671K |
|
1892
PUT
Hain Celestial
HAIN
$64.1M
| $9.92M | 0.01% |
257,200
-360,200
| -58% | -$13.6M |
|
|
SWN
1893
CALL
DELISTED
Southwestern Energy Company
SWN
| $9.91M | 0.01% |
272,500
-206,900
| -43% | -$7.85M |
|
|
MDR
1894
DELISTED
McDermott International
MDR
| $9.91M | 0.01% |
444,558
+313,815
| +240% | +$7.45M |
|
|
KRFT
1895
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $9.9M | 0.01% |
188,624
+90,920
| +93% | +$4.98M |
|
1896
CALL
Five Below
FIVE
$13.7B
| $9.88M | 0.01% |
225,800
+59,300
| +36% | +$2.38M |
|
|
CRZO
1897
CALL
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $9.87M | 0.01% |
264,600
+39,400
| +17% | +$1.31M |
|
1898
CALL
Invesco
IVZ
$14.7B
| $9.86M | 0.01% |
309,200
+59,000
| +24% | +$1.88M |
|
1899
CALL
Nexstar Media Group
NXST
$5.54B
| $9.86M | 0.01% |
221,600
+179,100
| +421% | +$6.4M |
|
|
RPRX
1900
PUT
DELISTED
Repros Therapeutics Inc.
RPRX
| $9.86M | 0.01% |
367,800
-84,000
| -19% | -$1.8M |
|
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.