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 | |
|---|---|---|---|---|---|---|
51
CALL
Mercado Libre
MELI
$97.5B
| $1.64B | 0.25% |
1,219,700
+438,200
| +56% | +$616M |
|
52
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $1.58B | 0.24% |
18,204,700
+4,018,100
| +28% | +$349M |
|
53
PUT
Salesforce
CRM
$171B
| $1.55B | 0.23% |
6,117,600
-1,312,100
| -18% | -$369M |
|
54
CALL
Zoom
ZM
$31.5B
| $1.54B | 0.23% |
8,370,100
+3,370,200
| +67% | +$792M |
|
55
PUT
Costco
COST
$420B
| $1.54B | 0.23% |
2,707,000
-401,400
| -13% | -$206M |
|
56
PUT
Qualcomm
QCOM
$169B
| $1.51B | 0.23% |
8,240,200
-2,057,600
| -20% | -$329M |
|
|
XYZ
57
PUT
Block Inc
XYZ
$49.4B
| $1.49B | 0.22% |
9,014,100
+56,300
| +0.6% | +$12.2M |
|
|
58
CALL
Qualcomm
QCOM
$169B
| $1.49B | 0.22% |
8,126,600
+1,403,300
| +21% | +$225M |
|
59
PUT
Chipotle Mexican Grill
CMG
$46.7B
| $1.46B | 0.22% |
41,885,000
-14,120,000
| -25% | -$497M |
|
60
PUT
PayPal
PYPL
$52.7B
| $1.44B | 0.22% |
7,512,900
+2,527,800
| +51% | +$547M |
|
61
CALL
Walmart Inc
WMT
$825B
| $1.44B | 0.22% |
29,830,500
+42,300
| +0.1% | +$2.02M |
|
62
CALL
Pfizer
PFE
$160B
| $1.4B | 0.21% |
23,772,000
-3,984,100
| -14% | -$197M |
|
63
PUT
Adobe
ADBE
$109B
| $1.4B | 0.21% |
2,474,900
-146,900
| -6% | -$91.8M |
|
64
CALL
SPDR Gold Trust
GLD
$152B
| $1.39B | 0.21% |
8,153,600
-409,000
| -5% | -$68.7M |
|
65
CALL
JPMorgan Chase
JPM
$935B
| $1.38B | 0.21% |
8,688,100
-2,848,200
| -25% | -$468M |
|
66
PUT
Alibaba
BABA
$286B
| $1.38B | 0.21% |
11,183,100
-6,085,500
| -35% | -$886M |
|
|
67
CALL
Salesforce
CRM
$171B
| $1.37B | 0.21% |
5,394,500
-2,372,200
| -31% | -$667M |
|
68
CALL
Bank of America
BAC
$431B
| $1.36B | 0.2% |
30,509,800
+1,023,000
| +3% | +$46.6M |
|
69
CALL
Moderna
MRNA
$57.9B
| $1.36B | 0.2% |
5,339,700
-1,200,300
| -18% | -$351M |
|
70
PUT
Boeing
BA
$169B
| $1.31B | 0.2% |
6,515,900
-1,695,200
| -21% | -$358M |
|
71
CALL
Uber
UBER
$161B
| $1.31B | 0.2% |
31,180,600
+6,830,500
| +28% | +$294M |
|
|
72
PUT
Moderna
MRNA
$57.9B
| $1.3B | 0.19% |
5,114,300
-1,367,500
| -21% | -$400M |
|
73
Tesla
TSLA
$1.43T
| $1.3B | 0.19% |
3,686,493
-1,049,844
| -22% | -$352M |
|
74
iShares Russell 2000 ETF
IWM
$81.9B
| $1.3B | 0.19% |
5,832,369
-1,149,445
| -16% | -$260M |
|
75
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $1.29B | 0.19% |
4,324,200
+508,100
| +13% | +$146M |
|
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.