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 Russell 2000 ETF
IWM
|
+$580M |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$256M |
| 3 |
iShares Russell 2000 Growth ETF
IWO
|
+$200M |
| 4 |
Cheniere Energy
LNG
|
+$147M |
| 5 |
WisdomTree Japan Hedged Equity Fund
DXJ
|
+$141M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$889M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$332M |
| 3 |
HIG.WS
Hartford Financial Services Grp
HIG.WS
|
+$329M |
| 4 |
Vanguard FTSE Emerging Markets ETF
VWO
|
+$231M |
| 5 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$191M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 3.62% |
| 2 | Financials | 1.79% |
| 3 | Consumer Discretionary | 1.58% |
| 4 | Energy | 1.56% |
| 5 | Communication Services | 1.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
iShares Agency Bond ETF
AGZ
$571M
| $10.4M | ﹤0.01% |
+94,169
| New | +$10.5M |
|
2002
State Street SPDR S&P China ETF
GXC
$473M
| $10.4M | ﹤0.01% |
133,315
+69,283
| +108% | +$5.31M |
|
|
ZNGA
2003
CALL
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $10.4M | ﹤0.01% |
2,734,700
+169,000
| +7% | +$654K |
|
2004
CALL
TJX Companies
TJX
$151B
| $10.4M | ﹤0.01% |
326,000
+117,600
| +56% | +$3.56M |
|
2005
PUT
Stryker
SYK
$126B
| $10.4M | ﹤0.01% |
138,100
-27,800
| -17% | -$2.03M |
|
|
SA
2006
PUT
Seabridge Gold
SA
$3.69B
| $10.4M | ﹤0.01% |
1,421,400
+462,900
| +48% | +$3.89M |
|
2007
PUT
Interactive Brokers
IBKR
$44B
| $10.4M | ﹤0.01% |
1,704,400
+232,000
| +16% | +$1.3M |
|
2008
iShares JPMorgan EM Local Currency Bond ETF
LEMB
$728M
| $10.4M | ﹤0.01% |
+212,104
| New | +$10.5M |
|
2009
PUT
Direxion Daily Small Cap Bear 3x ETF
TZA
$243M
| $10.4M | ﹤0.01% |
382
-791
| -67% | -$25.3M |
|
2010
CALL
Illinois Tool Works
ITW
$81.3B
| $10.3M | ﹤0.01% |
122,900
-153,400
| -56% | -$12.1M |
|
2011
CALL
Quest Diagnostics
DGX
$27B
| $10.3M | ﹤0.01% |
192,800
+54,500
| +39% | +$3.23M |
|
2012
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.1B
| $10.3M | ﹤0.01% |
308,828
-238,968
| -44% | -$7.6M |
|
|
CA
2013
CALL
DELISTED
CA, Inc.
CA
| $10.3M | ﹤0.01% |
306,600
-119,300
| -28% | -$3.79M |
|
2014
PUT
Celanese
CE
$4.91B
| $10.3M | ﹤0.01% |
186,500
-32,300
| -15% | -$1.79M |
|
|
ANN
2015
DELISTED
ANN INC
ANN
| $10.3M | ﹤0.01% |
281,301
+255,308
| +982% | +$9.04M |
|
|
TXI
2016
PUT
DELISTED
TEXAS INDUSTRIES INC
TXI
| $10.3M | ﹤0.01% |
149,500
+15,600
| +12% | +$917K |
|
2017
Amdocs
DOX
$6.5B
| $10.3M | ﹤0.01% |
249,318
-129,335
| -34% | -$5.09M |
|
|
ARG
2018
PUT
DELISTED
Airgas Inc
ARG
| $10.3M | ﹤0.01% |
91,800
-16,700
| -15% | -$1.82M |
|
2019
Applied Materials
AMAT
$381B
| $10.3M | ﹤0.01% |
580,413
-101,617
| -15% | -$1.77M |
|
|
GRMN
2020
Garmin
GRMN
$55.7B
| $10.3M | ﹤0.01% |
222,028
+114,631
| +107% | +$5.44M |
|
|
PIR
2021
DELISTED
Pier 1 Imports, Inc.
PIR
| $10.2M | ﹤0.01% |
22,162
+18,942
| +588% | +$8.04M |
|
2022
PUT
Gen Digital
GEN
$17.7B
| $10.2M | ﹤0.01% |
433,800
+55,900
| +15% | +$1.31M |
|
2023
KB Home
KBH
$3.44B
| $10.2M | ﹤0.01% |
559,557
-241,321
| -30% | -$4.15M |
|
2024
CALL
Pricesmart
PSMT
$5.41B
| $10.2M | ﹤0.01% |
88,500
+29,400
| +50% | +$3.31M |
|
|
SPLK
2025
PUT
DELISTED
Splunk Inc
SPLK
| $10.2M | ﹤0.01% |
148,800
-69,300
| -32% | -$4.5M |
|
Similar funds
Jeff Yass's Q4 2013 Portfolio in Review
As of Q4 2013, Jeff Yass held 9,880 positions worth $217B, up 15% from $189B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Jeff Yass deployed $9.58B of net new capital in Q4 2013, opening 1,544 new positions and adding to 3,872 existing holdings. Its largest new stake was American Airlines Group: 1,433,148 shares worth $36.2M.
By sector, the portfolio is most concentrated in Technology at 3.6% of assets, down from 3.9% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was Apple, an estimated $889M trimmed.
- Jeff Yass's largest Q4 2013 buy was American Airlines Group: 1,433,148 shares worth $36.2M.
- Jeff Yass added most to iShares Russell 2000 ETF in Q4 2013, an estimated $580M increase.
- Jeff Yass's biggest Q4 2013 reduction was Apple, cutting an estimated $889M.
- Jeff Yass fully exited Hartford Financial Services Grp in Q4 2013, selling an estimated $329M.
- Jeff Yass's ten largest holdings make up 24% of its $217B portfolio in Q4 2013.
- Jeff Yass opened 1,544 new positions and closed 949 in Q4 2013.
- Jeff Yass's portfolio value rose 15% quarter-over-quarter to $217B.
Based on Susquehanna International Group's 13F filing for Q4 2013, filed 13 Feb 2014.