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 | |
|---|---|---|---|---|---|---|
101
PUT
Wells Fargo
WFC
$254B
| $912M | 0.14% |
19,008,600
-8,544,300
| -31% | -$421M |
|
102
Alphabet (Google) Class A
GOOGL
$4.22T
| $895M | 0.13% |
6,181,980
-1,031,300
| -14% | -$149M |
|
103
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $890M | 0.13% |
10,227,000
+1,809,800
| +22% | +$157M |
|
104
CALL
Micron Technology
MU
$1.09T
| $885M | 0.13% |
9,502,300
-5,300
| -0.1% | -$414K |
|
105
CALL
FedEx
FDX
$76.9B
| $873M | 0.13% |
3,373,500
-243,100
| -7% | -$58.3M |
|
106
PUT
Mastercard
MA
$509B
| $871M | 0.13% |
2,424,300
-2,548,100
| -51% | -$881M |
|
107
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $868M | 0.13% |
31,284,000
-13,296,000
| -30% | -$376M |
|
|
108
Walt Disney
DIS
$186B
| $867M | 0.13% |
5,595,276
+1,453,085
| +35% | +$235M |
|
109
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $858M | 0.13% |
21,969,600
-4,085,700
| -16% | -$161M |
|
110
CALL
Roku
ROKU
$23.4B
| $854M | 0.13% |
3,744,000
+58,600
| +2% | +$15.8M |
|
111
CALL
ProShares UltraPro QQQ
TQQQ
$35.7B
| $842M | 0.13% |
20,257,200
+6,268,000
| +45% | +$243M |
|
112
CALL
Ford
F
$57.5B
| $840M | 0.13% |
40,442,700
+1,241,800
| +3% | +$22.9M |
|
|
113
AT&T
T
$173B
| $839M | 0.13% |
45,164,851
+14,706,479
| +48% | +$275M |
|
114
CALL
Intel
INTC
$476B
| $838M | 0.13% |
16,278,100
-4,477,800
| -22% | -$229M |
|
115
CALL
Sea Limited
SE
$72B
| $833M | 0.12% |
3,712,200
-80,600
| -2% | -$24.1M |
|
116
CALL
Lockheed Martin
LMT
$130B
| $831M | 0.12% |
2,338,100
+629,000
| +37% | +$218M |
|
117
CALL
Palo Alto Networks
PANW
$292B
| $823M | 0.12% |
8,866,800
+192,000
| +2% | +$16.6M |
|
118
CALL
UnitedHealth
UNH
$350B
| $822M | 0.12% |
1,636,400
+38,300
| +2% | +$17.3M |
|
119
CALL
Intuitive Surgical
ISRG
$134B
| $822M | 0.12% |
2,286,900
-182,100
| -7% | -$62.7M |
|
120
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $822M | 0.12% |
5,544,200
-1,941,300
| -26% | -$286M |
|
121
PUT
Bank of America
BAC
$431B
| $816M | 0.12% |
18,331,900
-7,942,100
| -30% | -$362M |
|
122
PUT
Lam Research
LRCX
$393B
| $812M | 0.12% |
11,269,000
-5,373,000
| -32% | -$337M |
|
123
PUT
NIO
NIO
$11.6B
| $810M | 0.12% |
25,556,300
-256,800
| -1% | -$9.44M |
|
124
CALL
Johnson & Johnson
JNJ
$651B
| $798M | 0.12% |
4,665,400
+977,900
| +27% | +$160M |
|
125
CALL
Snowflake
SNOW
$115B
| $798M | 0.12% |
2,355,100
-1,162,800
| -33% | -$405M |
|
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.