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 | |
|---|---|---|---|---|---|---|
2201
PUT
Clean Energy Fuels
CLNE
$353M
| $7.34M | ﹤0.01% |
574,400
-182,700
| -24% | -$2.35M |
|
2202
PUT
New York Times
NYT
$11B
| $7.34M | ﹤0.01% |
583,900
+196,400
| +51% | +$2.33M |
|
|
ARUN
2203
PUT
DELISTED
ARUBA NETWORKS, INC.
ARUN
| $7.32M | ﹤0.01% |
439,800
-389,000
| -47% | -$6.79M |
|
2204
PUT
Live Nation Entertainment
LYV
$42.1B
| $7.32M | ﹤0.01% |
394,400
-413,800
| -51% | -$7.03M |
|
|
XEC
2205
DELISTED
CIMAREX ENERGY CO
XEC
| $7.31M | ﹤0.01% |
75,846
+68,479
| +930% | +$5.55M |
|
2206
PUT
Rockwell Medical
RMTI
$31.2M
| $7.3M | ﹤0.01% |
5,815
-464
| -7% | -$315K |
|
2207
CALL
Ericsson
ERIC
$33B
| $7.29M | ﹤0.01% |
546,400
+66,400
| +14% | +$824K |
|
2208
CALL
iShares MSCI Germany ETF
EWG
$1.74B
| $7.29M | ﹤0.01% |
262,100
+120,000
| +84% | +$3.18M |
|
2209
PUT
iShares US Basic Materials ETF
IYM
$1.05B
| $7.27M | ﹤0.01% |
98,300
+87,200
| +786% | +$6.26M |
|
2210
iShares Micro-Cap ETF
IWC
$1.53B
| $7.27M | ﹤0.01% |
106,382
+97,741
| +1,131% | +$6.46M |
|
2211
CALL
Scotiabank
BNS
$113B
| $7.27M | ﹤0.01% |
136,462
+11,300
| +9% | +$590K |
|
|
ITMN
2212
PUT
DELISTED
INTERMUNE INC
ITMN
| $7.27M | ﹤0.01% |
472,800
+5,200
| +1% | +$73K |
|
2213
Invesco
IVZ
$14.7B
| $7.25M | ﹤0.01% |
227,263
+12,442
| +6% | +$397K |
|
2214
PUT
TransDigm Group
TDG
$65.6B
| $7.24M | ﹤0.01% |
52,200
+500
| +1% | +$71.2K |
|
|
RDC
2215
PUT
DELISTED
Rowan Companies Plc
RDC
| $7.23M | ﹤0.01% |
196,900
+3,700
| +2% | +$133K |
|
|
TUP
2216
DELISTED
Tupperware Brands Corporation
TUP
| $7.22M | ﹤0.01% |
83,643
+73,235
| +704% | +$6.11M |
|
2217
CALL
O'Reilly Automotive
ORLY
$71.1B
| $7.22M | ﹤0.01% |
849,000
-312,000
| -27% | -$2.55M |
|
2218
IAMGOLD
IAG
$12.3B
| $7.2M | ﹤0.01% |
1,516,374
-1,430,933
| -49% | -$7.5M |
|
2219
Ameren
AEE
$29.6B
| $7.19M | ﹤0.01% |
206,407
+69,875
| +51% | +$2.42M |
|
|
TYC
2220
CALL
DELISTED
TYCO INTL PLC COM SHS (IRL)
TYC
| $7.18M | ﹤0.01% |
196,157
-376,652
| -66% | -$13.7M |
|
2221
PUT
Corpay
CPAY
$26.5B
| $7.17M | ﹤0.01% |
65,100
+5,400
| +9% | +$527K |
|
2222
Canadian Pacific Kansas City
CP
$82.5B
| $7.16M | ﹤0.01% |
290,500
-90,000
| -24% | -$2.22M |
|
2223
Becton Dickinson
BDX
$51.2B
| $7.16M | ﹤0.01% |
73,358
+9,473
| +15% | +$927K |
|
2224
AGCO
AGCO
$7.77B
| $7.15M | ﹤0.01% |
118,399
-39,409
| -25% | -$2.23M |
|
2225
PUT
Plains All American Pipeline
PAA
$18B
| $7.15M | ﹤0.01% |
135,700
-116,700
| -46% | -$6.23M |
|
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.