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 |
Citigroup
C
|
+$1.13B |
| 2 |
AT&T
T
|
+$275M |
| 3 |
Apple
AAPL
|
+$248M |
| 4 |
Walt Disney
DIS
|
+$235M |
| 5 |
Nike
NKE
|
+$195M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$2.4B |
| 2 |
iShares MSCI EAFE ETF
EFA
|
+$1.17B |
| 3 |
Invesco QQQ Trust
QQQ
|
+$863M |
| 4 |
Advanced Micro Devices
AMD
|
+$808M |
| 5 |
Amazon
AMZN
|
+$783M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.6% |
| 2 | Consumer Discretionary | 1.3% |
| 3 | Financials | 0.99% |
| 4 | Communication Services | 0.86% |
| 5 | Healthcare | 0.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
CALL
Amgen
AMGN
$238B
| $417M | 0.06% |
1,852,900
+288,900
| +18% | +$61M |
|
252
CALL
AMC Entertainment Holdings
AMC
$2.28B
| $417M | 0.06% |
1,532,390
-203,680
| -12% | -$71.7M |
|
253
PUT
American Airlines Group
AAL
$9.15B
| $414M | 0.06% |
23,066,200
-1,896,600
| -8% | -$36.4M |
|
|
PARA
254
DELISTED
Paramount Global Class B
PARA
| $409M | 0.06% |
13,542,568
-5,357,362
| -28% | -$185M |
|
|
DOCU
255
PUT
DocuSign
DOCU
$11.8B
| $408M | 0.06% |
2,682,000
-491,100
| -15% | -$112M |
|
256
Micron Technology
MU
$1.09T
| $407M | 0.06% |
4,368,325
+1,886,823
| +76% | +$147M |
|
257
CALL
Gilead Sciences
GILD
$181B
| $406M | 0.06% |
5,592,800
+1,012,000
| +22% | +$69.7M |
|
258
CALL
MongoDB
MDB
$34.7B
| $406M | 0.06% |
766,900
-121,400
| -14% | -$62.2M |
|
259
CALL
ARK Innovation ETF
ARKK
$6.72B
| $406M | 0.06% |
4,290,000
-1,836,200
| -30% | -$200M |
|
260
PUT
Merck
MRK
$376B
| $404M | 0.06% |
5,272,100
+47,300
| +0.9% | +$3.77M |
|
261
PUT
Coinbase
COIN
$49.2B
| $403M | 0.06% |
1,598,800
-693,900
| -30% | -$202M |
|
262
Meta Platforms (Facebook)
META
$1.4T
| $403M | 0.06% |
1,197,498
-102,176
| -8% | -$33.9M |
|
263
CALL
KraneShares CSI China Internet ETF
KWEB
$5.28B
| $402M | 0.06% |
10,884,400
+3,245,100
| +42% | +$149M |
|
264
CALL
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $399M | 0.06% |
4,593,400
+98,800
| +2% | +$8.14M |
|
265
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $397M | 0.06% |
3,509,200
+1,972,700
| +128% | +$238M |
|
266
CALL
Eli Lilly
LLY
$1.12T
| $397M | 0.06% |
1,435,700
+210,300
| +17% | +$53.3M |
|
267
PUT
Cisco
CSCO
$438B
| $396M | 0.06% |
6,255,700
-1,884,000
| -23% | -$108M |
|
|
ATVI
268
PUT
DELISTED
Activision Blizzard
ATVI
| $395M | 0.06% |
5,941,800
+1,397,200
| +31% | +$95.5M |
|
269
CALL
Enphase Energy
ENPH
$5.1B
| $395M | 0.06% |
2,158,200
+244,000
| +13% | +$50.9M |
|
270
CALL
lululemon athletica
LULU
$13.7B
| $395M | 0.06% |
1,008,100
-124,700
| -11% | -$53.3M |
|
271
Berkshire Hathaway Class B
BRK.B
$1.06T
| $393M | 0.06% |
1,314,086
+521,128
| +66% | +$149M |
|
272
PUT
Carnival Corporation Ltd
CCL
$35.2B
| $388M | 0.06% |
19,279,500
-2,623,600
| -12% | -$56.1M |
|
273
CALL
NIO
NIO
$11.6B
| $387M | 0.06% |
12,214,400
-6,627,500
| -35% | -$244M |
|
274
CALL
Pinterest
PINS
$13.3B
| $385M | 0.06% |
10,599,200
+4,886,900
| +86% | +$217M |
|
275
PUT
Caterpillar
CAT
$381B
| $384M | 0.06% |
1,859,400
-2,391,900
| -56% | -$482M |
|
Similar funds
Jeff Yass's Q4 2021 Portfolio in Review
As of Q4 2021, Jeff Yass held 14,586 positions worth $667B, down 11% from $745B the previous quarter. Its ten largest holdings account for 32% of the portfolio.
Jeff Yass withdrew a net $126B in Q4 2021, closing 1,572 positions and reducing 6,197 holdings. Its most notable exit was Stamps.com, Inc., an estimated $78.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.6% of assets, down from 1.9% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Jeff Yass opened a new position in iShares Core MSCI Emerging Markets ETF worth $78.2M.
- Jeff Yass's largest Q4 2021 buy was iShares Core MSCI Emerging Markets ETF: 1,306,619 shares worth $78.2M.
- Jeff Yass added most to Citigroup in Q4 2021, an estimated $1.13B increase.
- Jeff Yass's biggest Q4 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $2.4B.
- Jeff Yass fully exited Stamps.com, Inc. in Q4 2021, selling an estimated $78.8M.
- Jeff Yass's ten largest holdings make up 32% of its $667B portfolio in Q4 2021.
- Jeff Yass opened 1,953 new positions and closed 1,572 in Q4 2021.
- Jeff Yass's portfolio value fell 11% quarter-over-quarter to $667B.
Based on Susquehanna International Group's 13F filing for Q4 2021, filed 14 Feb 2022.