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 | |
|---|---|---|---|---|---|---|
2401
Eagle Materials
EXP
$6.07B
| $6.25M | ﹤0.01% |
86,116
-38,826
| -31% | -$2.64M |
|
2402
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.9B
| $6.24M | ﹤0.01% |
179,520
-61,784
| -26% | -$2.1M |
|
2403
CALL
Jefferies Financial Group
JEF
$12.3B
| $6.24M | ﹤0.01% |
256,046
-14,299
| -5% | -$342K |
|
|
WCRX
2404
PUT
DELISTED
WARNER CHILCOTT PLC ORD SHS CL A (IRL)
WCRX
| $6.22M | ﹤0.01% |
272,400
-223,000
| -45% | -$4.72M |
|
2405
Enterprise Products Partners
EPD
$84.2B
| $6.22M | ﹤0.01% |
203,684
+76,180
| +60% | +$2.33M |
|
2406
Vanguard Real Estate ETF
VNQ
$38.9B
| $6.21M | ﹤0.01% |
93,876
-1,283,409
| -93% | -$87.2M |
|
2407
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.91B
| $6.2M | ﹤0.01% |
106,373
-96,831
| -48% | -$5.47M |
|
2408
Polaris
PII
$3.58B
| $6.2M | ﹤0.01% |
47,979
+43,949
| +1,091% | +$4.93M |
|
|
VMRK
2409
Vivmark Residential
VMRK
$26.1B
| $6.2M | ﹤0.01% |
115,681
-15,562
| -12% | -$858K |
|
2410
CALL
Pediatrix Medical
MD
$2.17B
| $6.2M | ﹤0.01% |
123,400
+68,800
| +126% | +$3.36M |
|
|
PX
2411
PUT
DELISTED
Praxair Inc
PX
| $6.19M | ﹤0.01% |
51,500
-44,700
| -46% | -$5.31M |
|
2412
PUT
Buckle
BKE
$2.24B
| $6.19M | ﹤0.01% |
117,259
+54,584
| +87% | +$2.88M |
|
2413
Middleby
MIDD
$5.11B
| $6.18M | ﹤0.01% |
88,803
-30,162
| -25% | -$1.94M |
|
|
WAC
2414
PUT
DELISTED
Walter Investment Mgt Corp
WAC
| $6.18M | ﹤0.01% |
156,400
-45,800
| -23% | -$1.76M |
|
2415
CALL
Supernus Pharmaceuticals
SUPN
$2.55B
| $6.18M | ﹤0.01% |
842,600
+606,400
| +257% | +$4.07M |
|
|
AFSI
2416
CALL
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $6.17M | ﹤0.01% |
316,140
+209,000
| +195% | +$3.89M |
|
2417
PUT
Ecolab
ECL
$80.4B
| $6.17M | ﹤0.01% |
62,500
-43,800
| -41% | -$4.07M |
|
2418
Steel Dynamics
STLD
$33.4B
| $6.15M | ﹤0.01% |
368,317
+27,415
| +8% | +$435K |
|
2419
Zimmer Biomet
ZBH
$19B
| $6.15M | ﹤0.01% |
77,123
-9,422
| -11% | -$742K |
|
2420
Dominion Energy
D
$58.4B
| $6.15M | ﹤0.01% |
98,367
-49,195
| -33% | -$2.92M |
|
2421
KKR & Co
KKR
$98.7B
| $6.14M | ﹤0.01% |
298,332
+157,266
| +111% | +$3.15M |
|
2422
CALL
Dillards
DDS
$9.88B
| $6.14M | ﹤0.01% |
78,400
+15,200
| +24% | +$1.23M |
|
2423
Equifax
EFX
$22.7B
| $6.13M | ﹤0.01% |
102,400
-35,504
| -26% | -$2.18M |
|
|
MTOR
2424
CALL
DELISTED
MERITOR, Inc.
MTOR
| $6.12M | ﹤0.01% |
778,400
+607,600
| +356% | +$4.7M |
|
2425
CALL
Vulcan Materials
VMC
$35.5B
| $6.11M | ﹤0.01% |
118,000
+56,800
| +93% | +$2.81M |
|
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.