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 | |
|---|---|---|---|---|---|---|
1951
PUT
Southern Company
SO
$102B
| $9.4M | 0.01% |
228,300
+21,900
| +11% | +$943K |
|
|
HERO
1952
PUT
DELISTED
HERCULES OFFSHORE INC COM STK
HERO
| $9.4M | 0.01% |
1,274,900
+123,800
| +11% | +$903K |
|
|
HBI
1953
CALL
DELISTED
Hanesbrands
HBI
| $9.39M | 0.01% |
602,800
-15,600
| -3% | -$232K |
|
|
ALTR
1954
PUT
DELISTED
Altera Corp
ALTR
| $9.39M | 0.01% |
252,700
-253,100
| -50% | -$9.08M |
|
1955
PUT
Hasbro
HAS
$13.3B
| $9.39M | 0.01% |
199,100
+36,400
| +22% | +$1.7M |
|
1956
PUT
VF Corp
VFC
$5.36B
| $9.38M | 0.01% |
200,081
-649,519
| -76% | -$30M |
|
1957
PUT
Ashland
ASH
$3.39B
| $9.37M | 0.01% |
207,057
-90,141
| -30% | -$3.89M |
|
1958
PUT
Gen Digital
GEN
$18.3B
| $9.35M | 0.01% |
377,900
-89,700
| -19% | -$2.25M |
|
|
HUB.B
1959
DELISTED
HUBBELL INC CL-B
HUB.B
| $9.35M | 0.01% |
89,282
+9,585
| +12% | +$1.01M |
|
|
ITMN
1960
CALL
DELISTED
INTERMUNE INC
ITMN
| $9.34M | 0.01% |
607,800
+182,400
| +43% | +$2.56M |
|
1961
CALL
SM Energy
SM
$8.76B
| $9.34M | 0.01% |
121,000
-16,700
| -12% | -$1.16M |
|
|
TTF
1962
DELISTED
Thai Fund
TTF
| $9.33M | ﹤0.01% |
469,514
+112,991
| +32% | +$2.35M |
|
1963
PUT
Williams-Sonoma
WSM
$28.1B
| $9.32M | ﹤0.01% |
331,800
+98,200
| +42% | +$2.84M |
|
1964
CALL
iShares S&P Small-Cap 600 Value ETF
IJS
$8.31B
| $9.32M | ﹤0.01% |
182,400
+149,600
| +456% | +$7.44M |
|
|
CMA
1965
CALL
DELISTED
Comerica
CMA
| $9.32M | ﹤0.01% |
237,000
-40,800
| -15% | -$1.69M |
|
1966
CALL
Herc Holdings
HRI
$5.2B
| $9.31M | ﹤0.01% |
140,033
-30,300
| -18% | -$2.32M |
|
|
CYT
1967
DELISTED
CYTEC INDS INC
CYT
| $9.29M | ﹤0.01% |
228,362
-224
| -0.1% | -$8.69K |
|
1968
Commercial Metals
CMC
$7.61B
| $9.25M | ﹤0.01% |
545,773
+238,874
| +78% | +$3.74M |
|
1969
CALL
KeyCorp
KEY
$23.5B
| $9.25M | ﹤0.01% |
811,300
+461,000
| +132% | +$5.51M |
|
|
PNC.WS
1970
DELISTED
PNC Financial Services Group Inc
PNC.WS
| $9.23M | ﹤0.01% |
599,311
-4,225
| -0.7% | -$69.1K |
|
1971
Consolidated Edison
ED
$39.5B
| $9.22M | ﹤0.01% |
167,194
+32,841
| +24% | +$1.89M |
|
|
TLM
1972
DELISTED
TALISMAN ENERGY INC
TLM
| $9.21M | ﹤0.01% |
801,268
+263,858
| +49% | +$2.95M |
|
1973
Lockheed Martin
LMT
$131B
| $9.21M | ﹤0.01% |
72,244
+14,969
| +26% | +$1.82M |
|
1974
PUT
Strategic Education
STRA
$1.9B
| $9.21M | ﹤0.01% |
221,700
+114,800
| +107% | +$5.11M |
|
1975
American Tower
AMT
$81.2B
| $9.19M | ﹤0.01% |
123,901
-1,755
| -1% | -$127K |
|
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.