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 | |
|---|---|---|---|---|---|---|
|
BNY
2051
Bank of New York Mellon
BNY
$110B
| $8.43M | ﹤0.01% |
279,361
+42,937
| +18% | +$1.32M |
|
|
CAA
2052
PUT
DELISTED
CalAtlantic Group, Inc.
CAA
| $8.41M | ﹤0.01% |
212,720
+101,280
| +91% | +$4.01M |
|
2053
Toll Brothers
TOL
$13.4B
| $8.41M | ﹤0.01% |
259,336
-14,355
| -5% | -$464K |
|
|
PETM
2054
PUT
DELISTED
PETSMART INC
PETM
| $8.4M | ﹤0.01% |
110,200
-63,500
| -37% | -$4.59M |
|
|
WNR
2055
DELISTED
Western Refining Inc
WNR
| $8.4M | ﹤0.01% |
279,700
+125,136
| +81% | +$3.68M |
|
2056
PUT
Masco
MAS
$14.4B
| $8.39M | ﹤0.01% |
448,941
-98,892
| -18% | -$1.76M |
|
2057
PUT
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$7.01B
| $8.39M | ﹤0.01% |
698,800
+10,800
| +2% | +$128K |
|
2058
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $8.38M | ﹤0.01% |
211,842
-2,061,032
| -91% | -$78.5M |
|
2059
CALL
Canadian Solar
CSIQ
$949M
| $8.38M | ﹤0.01% |
493,000
+202,000
| +69% | +$2.7M |
|
2060
CALL
Analog Devices
ADI
$181B
| $8.37M | ﹤0.01% |
177,900
+51,700
| +41% | +$2.47M |
|
|
CPN
2061
CALL
DELISTED
Calpine Corporation
CPN
| $8.36M | ﹤0.01% |
430,200
-57,900
| -12% | -$1.15M |
|
2062
PUT
iShares US Energy ETF
IYE
$1.82B
| $8.35M | ﹤0.01% |
177,300
+73,700
| +71% | +$3.45M |
|
2063
American Electric Power
AEP
$66.8B
| $8.34M | ﹤0.01% |
192,460
-367,471
| -66% | -$16.3M |
|
|
QEP
2064
CALL
DELISTED
QEP RESOURCES, INC.
QEP
| $8.34M | ﹤0.01% |
301,200
-38,400
| -11% | -$1.11M |
|
|
MW
2065
PUT
DELISTED
THE MENS WAREHOUSE INC
MW
| $8.33M | ﹤0.01% |
244,700
+47,700
| +24% | +$1.81M |
|
|
MR
2066
PUT
DELISTED
MINDRAY MED INTL LTD SPONSORED ADR REPSTG CL A
MR
| $8.33M | ﹤0.01% |
214,200
+122,100
| +133% | +$4.92M |
|
2067
Akamai
AKAM
$16B
| $8.32M | ﹤0.01% |
160,942
+9,147
| +6% | +$431K |
|
2068
H&R Block
HRB
$6.47B
| $8.32M | ﹤0.01% |
311,903
+7,096
| +2% | +$207K |
|
2069
ProShares UltraPro Russell2000
URTY
$339M
| $8.32M | ﹤0.01% |
236,484
+189,918
| +408% | +$6.12M |
|
|
QVCGA
2070
DELISTED
QVC Group Inc Series A
QVCGA
| $8.31M | ﹤0.01% |
8,621
-8,987
| -51% | -$8.74M |
|
2071
PUT
Acadia Pharmaceuticals
ACAD
$5.12B
| $8.31M | ﹤0.01% |
302,500
-107,600
| -26% | -$2.25M |
|
2072
PUT
M&T Bank
MTB
$34.5B
| $8.3M | ﹤0.01% |
74,200
+38,300
| +107% | +$4.43M |
|
2073
Helmerich & Payne
HP
$4.24B
| $8.3M | ﹤0.01% |
120,353
+51,000
| +74% | +$3.37M |
|
2074
Keurig Dr Pepper
KDP
$43.4B
| $8.3M | ﹤0.01% |
185,122
-61,078
| -25% | -$2.81M |
|
|
ARO
2075
PUT
DELISTED
Aeropostale Inc
ARO
| $8.3M | ﹤0.01% |
882,700
+411,400
| +87% | +$4.89M |
|
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.