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 | |
|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $9.2B | 4.25% |
49,833,060
+94,930
| +0.2% | +$16.8M |
|
|
2
PUT
Apple
AAPL
$4.51T
| $8.29B | 3.83% |
413,571,760
-77,321,160
| -16% | -$1.46B |
|
|
3
CALL
Apple
AAPL
$4.51T
| $8.2B | 3.79% |
409,286,920
+13,949,880
| +4% | +$264M |
|
4
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $5.04B | 2.33% |
180,674,283
+24,023,309
| +15% | +$607M |
|
|
5
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $4.74B | 2.19% |
169,822,560
+37,737,722
| +29% | +$954M |
|
|
6
Apple
AAPL
$4.51T
| $4.36B | 2.01% |
217,405,468
-47,041,792
| -18% | -$889M |
|
|
7
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $3.62B | 1.67% |
19,598,900
-9,840,710
| -33% | -$1.74B |
|
|
8
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $3.33B | 1.54% |
28,828,900
+8,142,500
| +39% | +$899M |
|
|
9
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $2.18B | 1.01% |
11,796,802
-1,077,537
| -8% | -$191M |
|
10
PUT
Booking.com
BKNG
$158B
| $2.13B | 0.98% |
45,877,500
+13,430,000
| +41% | +$598M |
|
11
CALL
Meta Platforms (Facebook)
META
$1.4T
| $1.74B | 0.8% |
31,764,400
+1,336,300
| +4% | +$67.1M |
|
|
12
CALL
Booking.com
BKNG
$158B
| $1.67B | 0.77% |
35,990,000
+8,415,000
| +31% | +$374M |
|
|
13
PUT
Meta Platforms (Facebook)
META
$1.4T
| $1.65B | 0.76% |
30,196,200
-497,200
| -2% | -$25M |
|
14
CALL
Amazon
AMZN
$2.79T
| $1.51B | 0.7% |
75,722,000
+22,409,600
| +42% | +$403M |
|
|
15
PUT
Amazon
AMZN
$2.79T
| $1.4B | 0.65% |
70,429,400
+17,184,800
| +32% | +$309M |
|
16
CALL
Invesco QQQ Trust
QQQ
$486B
| $1.34B | 0.62% |
15,271,400
+9,240,000
| +153% | +$770M |
|
|
17
PUT
Invesco QQQ Trust
QQQ
$486B
| $1.34B | 0.62% |
15,243,700
+2,752,300
| +22% | +$229M |
|
18
PUT
Mastercard
MA
$509B
| $1.3B | 0.6% |
15,602,000
+2,416,000
| +18% | +$179M |
|
|
19
CALL
iShares Russell 2000 ETF
IWM
$81.9B
| $1.14B | 0.53% |
9,882,000
-122,800
| -1% | -$13.6M |
|
20
PUT
Netflix
NFLX
$331B
| $1.13B | 0.52% |
214,172,000
+14,700,000
| +7% | +$72.1M |
|
|
21
CALL
Mastercard
MA
$509B
| $1.1B | 0.51% |
13,125,000
+6,214,000
| +90% | +$462M |
|
|
YHOO
22
CALL
DELISTED
Yahoo Inc
YHOO
| $1.01B | 0.47% |
24,966,100
-2,651,300
| -10% | -$95.1M |
|
23
CALL
SPDR Gold Trust
GLD
$152B
| $980M | 0.45% |
8,431,640
-7,885,920
| -48% | -$968M |
|
24
PUT
Tesla
TSLA
$1.43T
| $978M | 0.45% |
97,504,500
+6,705,000
| +7% | +$68.5M |
|
|
25
iShares Russell 2000 ETF
IWM
$81.9B
| $962M | 0.44% |
8,345,926
+5,255,464
| +170% | +$580M |
|
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.