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 | |
|---|---|---|---|---|---|---|
526
CALL
Philip Morris
PM
$293B
| $162M | 0.02% |
1,708,700
-261,900
| -13% | -$24.5M |
|
|
COUP
527
CALL
DELISTED
Coupa Software Incorporated
COUP
| $162M | 0.02% |
1,026,000
-281,200
| -22% | -$57.9M |
|
528
PUT
Petrobras
PBR
$123B
| $162M | 0.02% |
14,749,600
-492,000
| -3% | -$5.19M |
|
529
CALL
ProShares UltraPro S&P 500
UPRO
$5.5B
| $162M | 0.02% |
2,121,400
+55,400
| +3% | +$3.84M |
|
530
CALL
Medtronic
MDT
$119B
| $161M | 0.02% |
1,558,200
-69,500
| -4% | -$8.05M |
|
531
CALL
Global Payments
GPN
$24.7B
| $160M | 0.02% |
1,186,800
+707,500
| +148% | +$97.6M |
|
532
CALL
MGM Resorts International
MGM
$11B
| $160M | 0.02% |
3,563,300
-18,100
| -0.5% | -$813K |
|
533
PUT
Cigna
CI
$73.3B
| $159M | 0.02% |
692,600
-70,700
| -9% | -$15M |
|
534
PUT
iShares JPMorgan USD Emerging Markets Bond ETF
EMB
$14.7B
| $159M | 0.02% |
1,457,800
+285,900
| +24% | +$31.2M |
|
535
PUT
Capital One
COF
$134B
| $158M | 0.02% |
1,091,300
-50,500
| -4% | -$7.8M |
|
536
Sea Limited
SE
$72B
| $158M | 0.02% |
706,895
+358,338
| +103% | +$107M |
|
|
FTCH
537
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $157M | 0.02% |
4,706,612
-45,737
| -1% | -$1.68M |
|
538
PUT
Northrop Grumman
NOC
$78.3B
| $157M | 0.02% |
405,400
-56,800
| -12% | -$21.2M |
|
539
PUT
iShares Silver Trust
SLV
$33.8B
| $156M | 0.02% |
7,259,400
-1,149,300
| -14% | -$24.8M |
|
540
PUT
ZIM Integrated Shipping Services
ZIM
$3.4B
| $156M | 0.02% |
2,651,800
+1,057,300
| +66% | +$54.1M |
|
541
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22B
| $156M | 0.02% |
4,351,600
-1,508,600
| -26% | -$50.9M |
|
542
CALL
BP
BP
$115B
| $155M | 0.02% |
5,833,300
-1,338,500
| -19% | -$37.1M |
|
543
Bristol-Myers Squibb
BMY
$137B
| $155M | 0.02% |
2,483,301
-802,021
| -24% | -$47M |
|
544
CALL
Avis
CAR
$5.18B
| $155M | 0.02% |
746,500
-326,200
| -30% | -$72.3M |
|
545
PUT
Kohl's
KSS
$2B
| $154M | 0.02% |
3,120,400
-38,400
| -1% | -$1.96M |
|
546
PUT
Match Group
MTCH
$9.38B
| $154M | 0.02% |
1,163,500
-324,900
| -22% | -$47.1M |
|
547
CALL
PNC Financial Services
PNC
$97B
| $153M | 0.02% |
765,500
-392,500
| -34% | -$79.9M |
|
548
PUT
NXP Semiconductors
NXPI
$56.9B
| $153M | 0.02% |
670,100
-444,900
| -40% | -$94.6M |
|
549
CALL
Arista Networks
ANET
$238B
| $152M | 0.02% |
4,234,800
-245,200
| -5% | -$7.32M |
|
550
PUT
ConocoPhillips
COP
$162B
| $152M | 0.02% |
2,107,500
-162,800
| -7% | -$11.9M |
|
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.