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 | Technology | 3.9% |
| 2 | Financials | 1.72% |
| 3 | Consumer Discretionary | 1.47% |
| 4 | Energy | 1.36% |
| 5 | Healthcare | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $8.44B | 4.47% |
49,738,130
-17,342,830
| -26% | -$2.91B |
|
|
2
PUT
Apple
AAPL
$4.51T
| $8.36B | 4.43% |
490,892,920
+58,349,200
| +13% | +$967M |
|
|
3
CALL
Apple
AAPL
$4.51T
| $6.73B | 3.57% |
395,337,040
+148,705,200
| +60% | +$2.47B |
|
|
4
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $4.99B | 2.65% |
29,439,610
-2,586,510
| -8% | -$434M |
|
|
5
Apple
AAPL
$4.51T
| $4.5B | 2.39% |
264,447,260
+21,743,624
| +9% | +$361M |
|
6
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $3.42B | 1.81% |
156,650,974
+14,386,925
| +10% | +$318M |
|
|
7
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $2.88B | 1.53% |
132,084,838
+25,562,256
| +24% | +$565M |
|
|
8
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $2.21B | 1.17% |
20,686,400
-11,957,900
| -37% | -$1.24B |
|
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $2.16B | 1.15% |
12,874,339
-40,155,049
| -76% | -$6.73B |
|
10
CALL
SPDR Gold Trust
GLD
$152B
| $2.09B | 1.11% |
16,317,560
-3,752,500
| -19% | -$482M |
|
|
11
PUT
SPDR Gold Trust
GLD
$152B
| $1.55B | 0.82% |
12,055,880
-3,363,870
| -22% | -$432M |
|
12
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.54B | 0.82% |
30,693,400
+11,768,900
| +62% | +$438M |
|
|
13
CALL
Meta Platforms (Facebook)
META
$1.4T
| $1.53B | 0.81% |
30,428,100
+19,962,600
| +191% | +$743M |
|
14
PUT
Booking.com
BKNG
$158B
| $1.31B | 0.7% |
32,447,500
+12,920,000
| +66% | +$483M |
|
15
PUT
Tesla
TSLA
$1.43T
| $1.17B | 0.62% |
90,799,500
+36,415,500
| +67% | +$360M |
|
|
16
CALL
Booking.com
BKNG
$158B
| $1.12B | 0.59% |
27,575,000
+4,967,500
| +22% | +$186M |
|
|
17
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.07B | 0.57% |
10,004,800
+244,900
| +3% | +$25.3M |
|
|
18
PUT
Invesco QQQ Trust
QQQ
$486B
| $985M | 0.52% |
12,491,400
+1,749,000
| +16% | +$133M |
|
|
19
CALL
Tesla
TSLA
$1.43T
| $942M | 0.5% |
73,072,500
+29,884,500
| +69% | +$296M |
|
|
YHOO
20
CALL
DELISTED
Yahoo Inc
YHOO
| $916M | 0.49% |
27,617,400
+19,091,500
| +224% | +$540M |
|
21
PUT
Mastercard
MA
$509B
| $887M | 0.47% |
13,186,000
-1,818,000
| -12% | -$114M |
|
22
PUT
Netflix
NFLX
$331B
| $881M | 0.47% |
199,472,000
+51,247,000
| +35% | +$198M |
|
23
CALL
Amazon
AMZN
$2.79T
| $833M | 0.44% |
53,312,400
+6,798,000
| +15% | +$101M |
|
|
24
PUT
Amazon
AMZN
$2.79T
| $832M | 0.44% |
53,244,600
+8,988,800
| +20% | +$134M |
|
25
PUT
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $797M | 0.42% |
19,331,600
-29,177,300
| -60% | -$1.16B |
|
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's Q3 2013 filing shows 1,211 new, 3,709 increased, 3,282 reduced and 982 closed positions. Its largest new stake was Invesco DB Commodity Index Tracking Fund: 1,789,244 shares worth $46.1M. The largest sale was State Street SPDR S&P 500 ETF Trust, an estimated $6.73B.
By sector, the portfolio is most concentrated in Technology at 3.9% of assets, up from 3.1% a quarter earlier, followed by Financials and Consumer Discretionary.
- 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.