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 | |
|---|---|---|---|---|---|---|
351
CALL
Blackstone
BX
$108B
| $289M | 0.04% |
2,232,400
-1,182,600
| -35% | -$158M |
|
352
PUT
Okta
OKTA
$23.5B
| $287M | 0.04% |
1,282,100
-105,200
| -8% | -$25.1M |
|
353
CALL
Cloudflare
NET
$104B
| $287M | 0.04% |
2,182,800
-175,200
| -7% | -$29.4M |
|
354
Freeport-McMoran
FCX
$110B
| $287M | 0.04% |
6,873,106
-2,655,583
| -28% | -$101M |
|
355
PUT
Workday
WDAY
$49.4B
| $286M | 0.04% |
1,048,000
-456,500
| -30% | -$127M |
|
356
CALL
First Solar
FSLR
$23B
| $286M | 0.04% |
3,284,300
-1,539,400
| -32% | -$158M |
|
357
TSMC
TSM
$2.17T
| $286M | 0.04% |
2,375,858
-3,831,897
| -62% | -$449M |
|
358
PUT
Etsy
ETSY
$7.44B
| $285M | 0.04% |
1,300,500
-545,900
| -30% | -$132M |
|
|
359
CALL
Etsy
ETSY
$7.44B
| $284M | 0.04% |
1,299,300
-160,400
| -11% | -$38.6M |
|
360
PUT
Deere & Co
DE
$175B
| $284M | 0.04% |
828,500
-350,300
| -30% | -$122M |
|
361
CALL
Hilton Worldwide
HLT
$73.5B
| $283M | 0.04% |
1,814,700
-1,318,900
| -42% | -$190M |
|
362
Palantir
PLTR
$432B
| $282M | 0.04% |
15,499,797
+6,412,396
| +71% | +$142M |
|
363
CALL
Novavax
NVAX
$1.47B
| $281M | 0.04% |
1,961,900
+881,500
| +82% | +$151M |
|
364
PUT
Humana
HUM
$45.5B
| $278M | 0.04% |
600,200
-105,300
| -15% | -$46.6M |
|
365
UnitedHealth
UNH
$350B
| $278M | 0.04% |
554,340
+288,527
| +109% | +$131M |
|
366
CALL
American Express
AXP
$227B
| $278M | 0.04% |
1,697,500
-620,900
| -27% | -$106M |
|
367
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $276M | 0.04% |
2,605,800
-965,800
| -27% | -$100M |
|
368
CALL
American Airlines Group
AAL
$9.15B
| $276M | 0.04% |
15,347,700
-2,306,800
| -13% | -$44.2M |
|
369
PUT
Pinterest
PINS
$13.3B
| $273M | 0.04% |
7,512,900
+905,300
| +14% | +$40.2M |
|
370
CALL
T-Mobile US
TMUS
$196B
| $272M | 0.04% |
2,348,000
-332,800
| -12% | -$39.2M |
|
371
Visa
V
$693B
| $269M | 0.04% |
1,240,920
-2,540,532
| -67% | -$545M |
|
372
CALL
Analog Devices
ADI
$182B
| $268M | 0.04% |
1,525,000
-466,000
| -23% | -$82.6M |
|
|
373
PUT
Blackstone
BX
$108B
| $267M | 0.04% |
2,060,800
+29,100
| +1% | +$3.88M |
|
374
PUT
Texas Instruments
TXN
$241B
| $267M | 0.04% |
1,414,700
-17,100
| -1% | -$3.28M |
|
375
CALL
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $265M | 0.04% |
2,596,000
+669,800
| +35% | +$66.7M |
|
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.