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 | |
|---|---|---|---|---|---|---|
|
ANR
2076
DELISTED
Alpha Natural Resources Inc
ANR
| $8.29M | ﹤0.01% |
1,391,662
-312,192
| -18% | -$1.83M |
|
2077
CALL
Allstate
ALL
$65.1B
| $8.29M | ﹤0.01% |
163,900
-22,600
| -12% | -$1.14M |
|
|
ACAS
2078
PUT
DELISTED
American Capital Ltd
ACAS
| $8.28M | ﹤0.01% |
602,200
-261,200
| -30% | -$3.44M |
|
2079
CALL
AutoNation
AN
$6.57B
| $8.28M | ﹤0.01% |
158,700
+83,800
| +112% | +$4.04M |
|
2080
iShares Russell 2000 Value ETF
IWN
$14.7B
| $8.26M | ﹤0.01% |
90,153
+44,915
| +99% | +$4.05M |
|
2081
KLA
KLAC
$240B
| $8.24M | ﹤0.01% |
1,355,040
+947,210
| +232% | +$5.55M |
|
2082
Seagate
STX
$192B
| $8.24M | ﹤0.01% |
188,485
-45,963
| -20% | -$1.93M |
|
2083
CALL
Plains All American Pipeline
PAA
$18B
| $8.24M | ﹤0.01% |
156,400
-100,400
| -39% | -$5.36M |
|
|
WAC
2084
CALL
DELISTED
Walter Investment Mgt Corp
WAC
| $8.23M | ﹤0.01% |
208,100
+29,900
| +17% | +$1.15M |
|
|
HOUS
2085
DELISTED
Anywhere Real Estate
HOUS
| $8.22M | ﹤0.01% |
191,143
+164,940
| +629% | +$7.46M |
|
2086
Energy Transfer Partners
ET
$73.6B
| $8.2M | ﹤0.01% |
498,844
-35,452
| -7% | -$564K |
|
2087
PUT
Harley-Davidson
HOG
$2.9B
| $8.2M | ﹤0.01% |
127,600
-27,700
| -18% | -$1.64M |
|
2088
Arrow Electronics
ARW
$10.6B
| $8.2M | ﹤0.01% |
168,886
+5,024
| +3% | +$230K |
|
|
ABV
2089
CALL
DELISTED
COMPANHIA BEBIDA ADS EACH REPSTG 1 PFD SH
ABV
| $8.19M | ﹤0.01% |
213,600
-115,200
| -35% | -$4.22M |
|
|
IMMU
2090
CALL
DELISTED
Immunomedics Inc
IMMU
| $8.18M | ﹤0.01% |
1,322,000
+641,700
| +94% | +$3.69M |
|
2091
CALL
Toll Brothers
TOL
$13.4B
| $8.18M | ﹤0.01% |
252,300
-330,600
| -57% | -$10.7M |
|
2092
CBRE Group
CBRE
$42.6B
| $8.18M | ﹤0.01% |
353,694
+41,621
| +13% | +$964K |
|
2093
Lennar Class A
LEN
$20.5B
| $8.17M | ﹤0.01% |
242,486
-232,695
| -49% | -$7.55M |
|
2094
PUT
Automatic Data Processing
ADP
$113B
| $8.16M | ﹤0.01% |
128,479
+19,477
| +18% | +$1.24M |
|
|
DANG
2095
PUT
DELISTED
E-COMMERCE CHINA DANGDANG INC SPNSRD ADS REP COM CL A (CYM)
DANG
| $8.16M | ﹤0.01% |
778,900
+233,200
| +43% | +$2.06M |
|
2096
PUT
IAMGOLD
IAG
$12.3B
| $8.15M | ﹤0.01% |
1,716,700
-411,300
| -19% | -$2.16M |
|
|
AKS
2097
DELISTED
AK Steel Holding Corp
AKS
| $8.15M | ﹤0.01% |
2,174,022
+1,443,230
| +197% | +$5.14M |
|
2098
PUT
SAP
SAP
$255B
| $8.15M | ﹤0.01% |
110,200
-189,600
| -63% | -$14M |
|
2099
PUT
ATI
ATI
$29.2B
| $8.13M | ﹤0.01% |
266,500
+46,100
| +21% | +$1.29M |
|
2100
CALL
ICICI Bank
IBN
$107B
| $8.13M | ﹤0.01% |
1,467,400
+971,850
| +196% | +$5.71M |
|
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.