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 | |
|---|---|---|---|---|---|---|
201
PUT
BP
BP
$115B
| $169M | 0.08% |
4,244,684
-1,068,628
| -20% | -$39.8M |
|
202
PUT
eBay
EBAY
$46.3B
| $168M | 0.08% |
7,289,568
+5,352,890
| +276% | +$118M |
|
203
CALL
Bausch Health
BHC
$2.41B
| $168M | 0.08% |
1,433,300
+688,300
| +92% | +$75.4M |
|
|
SINA
204
PUT
DELISTED
Sina Corp
SINA
| $168M | 0.08% |
1,988,400
+633,500
| +47% | +$51.8M |
|
|
205
CALL
BP
BP
$115B
| $167M | 0.08% |
4,192,848
-3,130,943
| -43% | -$117M |
|
206
PUT
UnitedHealth
UNH
$350B
| $166M | 0.08% |
2,200,500
+1,180,000
| +116% | +$84.8M |
|
207
PUT
Regeneron Pharmaceuticals
REGN
$85.9B
| $166M | 0.08% |
602,000
+226,800
| +60% | +$65.2M |
|
208
CALL
Equinix
EQIX
$105B
| $165M | 0.08% |
927,800
+399,000
| +75% | +$66.3M |
|
209
CALL
ProShares UltraShort Silver
ZSL
$55.4M
| $163M | 0.08% |
22,535
+2,869
| +15% | +$18.6M |
|
210
JPMorgan Chase
JPM
$935B
| $162M | 0.07% |
2,774,198
-2,062,017
| -43% | -$113M |
|
211
PUT
FedEx
FDX
$76.9B
| $161M | 0.07% |
1,122,000
+279,900
| +33% | +$37.1M |
|
212
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $161M | 0.07% |
2,552,700
-1,287,100
| -34% | -$82.9M |
|
213
CALL
Williams Companies
WMB
$86.2B
| $160M | 0.07% |
4,158,500
-663,000
| -14% | -$23.8M |
|
|
EMC
214
DELISTED
EMC CORPORATION
EMC
| $160M | 0.07% |
6,347,097
+3,953,970
| +165% | +$95.8M |
|
215
CALL
EOG Resources
EOG
$80.3B
| $159M | 0.07% |
1,899,800
+143,400
| +8% | +$12.3M |
|
216
Zoetis
ZTS
$32.1B
| $159M | 0.07% |
4,871,007
-5,339,815
| -52% | -$170M |
|
217
General Motors
GM
$77.2B
| $159M | 0.07% |
3,879,823
+2,113,551
| +120% | +$79.9M |
|
218
PUT
Capri Holdings
CPRI
$1.55B
| $158M | 0.07% |
1,947,200
+485,300
| +33% | +$38.3M |
|
219
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $157M | 0.07% |
1,690,900
-255,500
| -13% | -$23.7M |
|
220
PUT
Philip Morris
PM
$293B
| $157M | 0.07% |
1,798,500
-259,300
| -13% | -$22.6M |
|
221
CALL
Verizon
VZ
$205B
| $156M | 0.07% |
3,177,700
+1,049,100
| +49% | +$51.6M |
|
|
SINA
222
CALL
DELISTED
Sina Corp
SINA
| $155M | 0.07% |
1,835,700
+174,600
| +11% | +$14.3M |
|
223
CALL
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $155M | 0.07% |
8,058,888
+2,471,833
| +44% | +$45.5M |
|
|
SHLD
224
PUT
DELISTED
Sears Holding Corporation
SHLD
| $154M | 0.07% |
4,174,039
+518,310
| +14% | +$21.8M |
|
225
PUT
Blackstone
BX
$108B
| $153M | 0.07% |
4,963,957
+212,564
| +4% | +$5.79M |
|
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.