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 | |
|---|---|---|---|---|---|---|
|
PX
1926
CALL
DELISTED
Praxair Inc
PX
| $9.66M | 0.01% |
80,400
+2,300
| +3% | +$273K |
|
|
PTR
1927
PUT
DELISTED
PETROCHINA COMPANY LIMITED ADS (REP 100 H SHARES)
PTR
| $9.65M | 0.01% |
87,800
-10,200
| -10% | -$1.17M |
|
|
ARIA
1928
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $9.65M | 0.01% |
524,658
+367,889
| +235% | +$7.14M |
|
|
RTN
1929
CALL
DELISTED
Raytheon Company
RTN
| $9.65M | 0.01% |
125,200
-18,200
| -13% | -$1.35M |
|
|
ROC
1930
CALL
DELISTED
ROCKWOOD HLDGS INC
ROC
| $9.6M | 0.01% |
143,500
-88,400
| -38% | -$5.83M |
|
|
FISV
1931
PUT
Fiserv Inc
FISV
$28B
| $9.6M | 0.01% |
380,000
+177,200
| +87% | +$4.29M |
|
1932
WisdomTree Emerging Markets High Dividend Fund
DEM
$4.14B
| $9.58M | 0.01% |
185,249
-1,048,155
| -85% | -$52.7M |
|
|
EGN
1933
PUT
DELISTED
Energen
EGN
| $9.57M | 0.01% |
125,300
+118,100
| +1,640% | +$7.64M |
|
1934
W.W. Grainger
GWW
$62.2B
| $9.57M | 0.01% |
36,549
-5,729
| -14% | -$1.49M |
|
1935
Celanese
CE
$4.92B
| $9.52M | 0.01% |
180,306
-461
| -0.3% | -$22.6K |
|
1936
Williams-Sonoma
WSM
$28.1B
| $9.51M | 0.01% |
338,256
-203,148
| -38% | -$5.88M |
|
1937
iShares MSCI Germany ETF
EWG
$1.74B
| $9.5M | 0.01% |
341,584
-230,642
| -40% | -$6.1M |
|
|
NBIS
1938
PUT
Nebius Group N.V.
NBIS
$59.4B
| $9.5M | 0.01% |
260,800
-26,600
| -9% | -$874K |
|
1939
Ionis Pharmaceuticals
IONS
$10.4B
| $9.49M | 0.01% |
252,865
-49,639
| -16% | -$1.48M |
|
1940
CALL
Hain Celestial
HAIN
$64.1M
| $9.48M | 0.01% |
245,800
-672,400
| -73% | -$25.4M |
|
|
MMP
1941
CALL
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $9.46M | 0.01% |
167,600
+70,800
| +73% | +$3.89M |
|
1942
PUT
Urban Outfitters
URBN
$6.75B
| $9.45M | 0.01% |
257,100
+104,300
| +68% | +$4.28M |
|
1943
PUT
Boston Properties
BXP
$11.2B
| $9.45M | 0.01% |
88,400
-81,300
| -48% | -$8.6M |
|
|
ZNGA
1944
CALL
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $9.44M | 0.01% |
2,565,700
+395,400
| +18% | +$1.25M |
|
|
TAL
1945
PUT
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $9.43M | 0.01% |
201,700
+65,700
| +48% | +$2.84M |
|
1946
PUT
Vanguard FTSE Europe ETF
VGK
$31B
| $9.41M | 0.01% |
172,700
+12,400
| +8% | +$648K |
|
1947
PUT
Bread Financial
BFH
$4.15B
| $9.41M | 0.01% |
55,759
-87,083
| -61% | -$13.8M |
|
1948
Corpay
CPAY
$26.5B
| $9.41M | 0.01% |
85,408
-20,478
| -19% | -$2M |
|
|
XEC
1949
CALL
DELISTED
CIMAREX ENERGY CO
XEC
| $9.41M | 0.01% |
97,600
+46,300
| +90% | +$3.75M |
|
|
PETM
1950
CALL
DELISTED
PETSMART INC
PETM
| $9.4M | 0.01% |
123,300
-59,900
| -33% | -$4.33M |
|
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.