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 | |
|---|---|---|---|---|---|---|
126
PUT
ServiceNow
NOW
$133B
| $796M | 0.12% |
6,128,500
-450,500
| -7% | -$59.1M |
|
127
PUT
TSMC
TSM
$2.17T
| $788M | 0.12% |
6,547,500
-2,217,300
| -25% | -$260M |
|
128
CALL
Procter & Gamble
PG
$336B
| $784M | 0.12% |
4,793,000
+1,537,700
| +47% | +$228M |
|
129
CALL
Chevron
CVX
$403B
| $783M | 0.12% |
6,673,100
-155,400
| -2% | -$17.7M |
|
|
130
Amazon
AMZN
$2.79T
| $775M | 0.12% |
4,651,120
-4,575,200
| -50% | -$783M |
|
|
131
PUT
AT&T
T
$173B
| $775M | 0.12% |
41,729,038
+8,844,718
| +27% | +$165M |
|
132
PUT
Intel
INTC
$476B
| $757M | 0.11% |
14,696,400
-5,936,400
| -29% | -$304M |
|
133
PUT
Zscaler
ZS
$29.4B
| $756M | 0.11% |
2,352,500
-124,400
| -5% | -$39.2M |
|
134
PUT
Morgan Stanley
MS
$336B
| $755M | 0.11% |
7,691,400
-567,200
| -7% | -$56.5M |
|
135
CALL
General Motors
GM
$77.2B
| $748M | 0.11% |
12,763,800
-2,361,500
| -16% | -$138M |
|
136
PUT
Freeport-McMoran
FCX
$110B
| $746M | 0.11% |
17,884,600
+761,200
| +4% | +$28.9M |
|
137
PUT
UnitedHealth
UNH
$350B
| $742M | 0.11% |
1,478,500
-150,700
| -9% | -$68.2M |
|
138
PUT
Sea Limited
SE
$72B
| $738M | 0.11% |
3,290,900
+114,500
| +4% | +$34.2M |
|
139
CALL
Airbnb
ABNB
$110B
| $731M | 0.11% |
4,388,600
-132,000
| -3% | -$23.2M |
|
140
NVIDIA
NVDA
$5.2T
| $728M | 0.11% |
24,757,470
-5,963,770
| -19% | -$164M |
|
141
PUT
Ford
F
$57.5B
| $719M | 0.11% |
34,601,600
+2,871,300
| +9% | +$52.8M |
|
|
142
PUT
Airbnb
ABNB
$110B
| $708M | 0.11% |
4,252,500
+621,000
| +17% | +$109M |
|
143
PUT
Vanguard S&P 500 ETF
VOO
$1.02T
| $707M | 0.11% |
1,619,900
+814,000
| +101% | +$344M |
|
144
Microsoft
MSFT
$3.59T
| $704M | 0.11% |
2,092,186
-1,845,089
| -47% | -$598M |
|
145
PUT
State Street Technology Select Sector SPDR ETF
XLK
$120B
| $703M | 0.11% |
8,088,200
-3,384,200
| -29% | -$279M |
|
146
PUT
Uber
UBER
$161B
| $694M | 0.1% |
16,561,700
+2,454,000
| +17% | +$106M |
|
147
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $694M | 0.1% |
21,652,200
+1,032,200
| +5% | +$32.9M |
|
148
CALL
Cisco
CSCO
$438B
| $688M | 0.1% |
10,861,400
+416,900
| +4% | +$23.8M |
|
|
149
VanEck Gold Miners ETF
GDX
$31.8B
| $680M | 0.1% |
21,214,470
+4,769,615
| +29% | +$152M |
|
|
150
CALL
ServiceNow
NOW
$133B
| $667M | 0.1% |
5,134,000
-1,020,500
| -17% | -$134M |
|
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.