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 | |
|---|---|---|---|---|---|---|
|
JOYY
2301
PUT
JOYY Inc
JOYY
$3.66B
| $6.76M | ﹤0.01% |
+144,600
| New | +$5.83M |
|
2302
CALL
Open Text
OTEX
$6.1B
| $6.76M | ﹤0.01% |
362,400
-191,600
| -35% | -$3.36M |
|
|
WIN
2303
CALL
DELISTED
Windstream Holdings Inc
WIN
| $6.76M | ﹤0.01% |
107,853
+23,389
| +28% | +$1.51M |
|
|
AXON
2304
Axon Enterprise
AXON
$49.7B
| $6.75M | ﹤0.01% |
452,999
+231,882
| +105% | +$2.49M |
|
2305
Calumet Specialty Products
CLMT
$4.02B
| $6.74M | ﹤0.01% |
247,005
+201,405
| +442% | +$6.33M |
|
2306
CALL
Factset
FDS
$10.8B
| $6.73M | ﹤0.01% |
61,700
-102,900
| -63% | -$11.1M |
|
2307
Smith & Wesson
SWBI
$586M
| $6.73M | ﹤0.01% |
796,808
+381,613
| +92% | +$3.3M |
|
2308
Alaska Air
ALK
$4.71B
| $6.73M | ﹤0.01% |
214,848
-39,448
| -16% | -$1.18M |
|
2309
CALL
SL Green Realty
SLG
$4.1B
| $6.72M | ﹤0.01% |
78,199
-22,623
| -22% | -$1.97M |
|
2310
Cemex
CX
$15.8B
| $6.72M | ﹤0.01% |
702,996
+79,474
| +13% | +$781K |
|
2311
PUT
iShares Core S&P Mid-Cap ETF
IJH
$126B
| $6.7M | ﹤0.01% |
270,000
+131,500
| +95% | +$3.21M |
|
|
ARB
2312
PUT
DELISTED
ARBITRON INC (NEW)
ARB
| $6.7M | ﹤0.01% |
139,600
-45,800
| -25% | -$2.14M |
|
2313
PUT
Commault Systems
CVLT
$5.82B
| $6.69M | ﹤0.01% |
76,200
+11,700
| +18% | +$980K |
|
2314
WisdomTree US Total Dividend Fund
DTD
$1.66B
| $6.69M | ﹤0.01% |
216,684
+102,244
| +89% | +$3.18M |
|
|
FNSR
2315
PUT
DELISTED
Finisar Corp
FNSR
| $6.69M | ﹤0.01% |
295,600
+133,300
| +82% | +$2.75M |
|
|
AUY
2316
CALL
DELISTED
Yamana Gold, Inc.
AUY
| $6.68M | ﹤0.01% |
642,200
-603,100
| -48% | -$6.36M |
|
2317
Quanta Services
PWR
$93.5B
| $6.67M | ﹤0.01% |
242,372
-41,555
| -15% | -$1.12M |
|
2318
CALL
Howard Hughes
HHH
$3.88B
| $6.66M | ﹤0.01% |
62,206
+5,245
| +9% | +$548K |
|
2319
PUT
Incyte
INCY
$25.9B
| $6.66M | ﹤0.01% |
174,600
+105,500
| +153% | +$3.11M |
|
|
GTLS
2320
PUT
DELISTED
Chart Industries
GTLS
| $6.66M | ﹤0.01% |
54,100
-80,900
| -60% | -$9.1M |
|
|
CSE
2321
DELISTED
CAPITALSOURCE INC
CSE
| $6.66M | ﹤0.01% |
560,173
-18,097
| -3% | -$205K |
|
2322
PUT
Boston Scientific
BSX
$67.6B
| $6.65M | ﹤0.01% |
566,100
+340,400
| +151% | +$3.68M |
|
|
HIMX
2323
PUT
Himax Technologies
HIMX
$2.45B
| $6.64M | ﹤0.01% |
664,500
+364,900
| +122% | +$2.59M |
|
2324
PUT
Ericsson
ERIC
$33B
| $6.64M | ﹤0.01% |
497,500
+15,600
| +3% | +$194K |
|
|
CNQR
2325
PUT
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
| $6.64M | ﹤0.01% |
60,100
-6,200
| -9% | -$604K |
|
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.