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 | |
|---|---|---|---|---|---|---|
1901
CALL
Teck Resources
TECK
$34.6B
| $9.85M | 0.01% |
367,000
-29,400
| -7% | -$739K |
|
1902
CALL
Automatic Data Processing
ADP
$113B
| $9.84M | 0.01% |
154,904
-45,104
| -23% | -$2.87M |
|
1903
PUT
CVR Energy
CVI
$4B
| $9.83M | 0.01% |
255,300
-33,800
| -12% | -$1.48M |
|
1904
Viatris
VTRS
$19.4B
| $9.83M | 0.01% |
257,467
-24,974
| -9% | -$879K |
|
1905
PUT
Murphy Oil
MUR
$5.15B
| $9.81M | 0.01% |
162,600
-1,952
| -1% | -$115K |
|
1906
Community Health Systems
CYH
$413M
| $9.79M | 0.01% |
285,445
+80,166
| +39% | +$2.84M |
|
1907
PUT
ProShares UltraPro Russell2000
URTY
$339M
| $9.78M | 0.01% |
278,200
-173,200
| -38% | -$5.58M |
|
1908
PUT
Calumet Specialty Products
CLMT
$4.02B
| $9.78M | 0.01% |
358,400
+161,400
| +82% | +$5.07M |
|
1909
PUT
Owens Corning
OC
$11.4B
| $9.78M | 0.01% |
257,500
+23,700
| +10% | +$924K |
|
|
LL
1910
CALL
DELISTED
LL Flooring Holdings, Inc.
LL
| $9.78M | 0.01% |
91,700
-241,100
| -72% | -$23.4M |
|
1911
Jacobs Solutions
J
$17.6B
| $9.77M | 0.01% |
202,967
+52,104
| +35% | +$2.53M |
|
1912
CALL
Vornado Realty Trust
VNO
$7.23B
| $9.75M | 0.01% |
158,555
+5,741
| +4% | +$355K |
|
1913
Eldorado Gold
EGO
$12.5B
| $9.74M | 0.01% |
290,387
-224,235
| -44% | -$8.52M |
|
|
OKS
1914
CALL
DELISTED
Oneok Partners LP
OKS
| $9.74M | 0.01% |
183,700
-210,500
| -53% | -$10.7M |
|
1915
CALL
Ashland
ASH
$3.39B
| $9.73M | 0.01% |
215,029
-45,377
| -17% | -$1.96M |
|
1916
PUT
Iron Mountain
IRM
$36.5B
| $9.73M | 0.01% |
389,520
+4,869
| +1% | +$124K |
|
1917
CALL
CarMax
KMX
$8.89B
| $9.72M | 0.01% |
200,600
+46,900
| +31% | +$2.29M |
|
1918
Vanguard Long-Term Treasury ETF
VGLT
$10.4B
| $9.72M | 0.01% |
145,597
+140,476
| +2,743% | +$9.35M |
|
1919
CALL
Icahn Enterprises
IEP
$4.78B
| $9.72M | 0.01% |
116,700
-54,000
| -32% | -$4.06M |
|
1920
CALL
Nabors Industries
NBR
$1.36B
| $9.71M | 0.01% |
12,096
-13,746
| -53% | -$10.8M |
|
|
BNY
1921
PUT
Bank of New York Mellon
BNY
$110B
| $9.71M | 0.01% |
321,500
+16,600
| +5% | +$509K |
|
1922
CALL
Digital Realty Trust
DLR
$71.3B
| $9.69M | 0.01% |
182,400
+57,100
| +46% | +$3.25M |
|
1923
Altisource Portfolio Solutions
ASPS
$63.7M
| $9.68M | 0.01% |
8,642
+2,918
| +51% | +$2.84M |
|
|
DCH
1924
CALL
Dauch Corp
DCH
$1.5B
| $9.67M | 0.01% |
490,400
+21,400
| +5% | +$422K |
|
|
WNR
1925
PUT
DELISTED
Western Refining Inc
WNR
| $9.67M | 0.01% |
321,800
+165,900
| +106% | +$4.88M |
|
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.