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 | |
|---|---|---|---|---|---|---|
151
PUT
General Motors
GM
$77.2B
| $665M | 0.1% |
11,336,900
-2,173,800
| -16% | -$127M |
|
152
CALL
CVS Health
CVS
$119B
| $665M | 0.1% |
6,441,700
-412,800
| -6% | -$38.1M |
|
153
CALL
Lam Research
LRCX
$393B
| $657M | 0.1% |
9,119,000
-915,000
| -9% | -$57.4M |
|
154
PUT
Intuitive Surgical
ISRG
$134B
| $648M | 0.1% |
1,802,600
-1,281,700
| -42% | -$441M |
|
155
CALL
AbbVie
ABBV
$468B
| $642M | 0.1% |
4,744,300
-22,400
| -0.5% | -$2.65M |
|
156
PUT
Walmart Inc
WMT
$825B
| $636M | 0.1% |
13,177,200
-6,894,900
| -34% | -$329M |
|
157
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $635M | 0.1% |
4,112,400
-624,800
| -13% | -$90.3M |
|
158
CALL
United States Oil Fund
USO
$2.24B
| $626M | 0.09% |
11,507,200
+705,100
| +7% | +$38.4M |
|
159
PUT
Snowflake
SNOW
$115B
| $615M | 0.09% |
1,816,800
-633,500
| -26% | -$221M |
|
160
PUT
CrowdStrike
CRWD
$195B
| $612M | 0.09% |
11,953,600
-984,000
| -8% | -$59.9M |
|
161
PUT
Starbucks
SBUX
$122B
| $604M | 0.09% |
5,161,600
-129,000
| -2% | -$14.5M |
|
162
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $602M | 0.09% |
12,263,800
-4,226,800
| -26% | -$213M |
|
163
CALL
IBM
IBM
$222B
| $599M | 0.09% |
4,471,700
-484,980
| -10% | -$60.8M |
|
164
PUT
Intuit
INTU
$100B
| $590M | 0.09% |
917,700
+238,100
| +35% | +$147M |
|
|
ATVI
165
CALL
DELISTED
Activision Blizzard
ATVI
| $589M | 0.09% |
8,855,200
+2,889,900
| +48% | +$198M |
|
166
CALL
Freeport-McMoran
FCX
$110B
| $587M | 0.09% |
14,067,700
+2,032,800
| +17% | +$77.2M |
|
167
CALL
Morgan Stanley
MS
$336B
| $576M | 0.09% |
5,865,200
+9,700
| +0.2% | +$966K |
|
168
CALL
Zscaler
ZS
$29.4B
| $575M | 0.09% |
1,788,300
+13,600
| +0.8% | +$4.28M |
|
169
PUT
Target
TGT
$75.1B
| $573M | 0.09% |
2,476,600
-237,100
| -9% | -$57.7M |
|
170
PUT
Roku
ROKU
$23.4B
| $573M | 0.09% |
2,510,000
-823,300
| -25% | -$222M |
|
171
PUT
Palantir
PLTR
$432B
| $567M | 0.09% |
31,143,200
+9,103,800
| +41% | +$201M |
|
172
CALL
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $563M | 0.08% |
3,996,700
+2,104,000
| +111% | +$279M |
|
173
CALL
Snap
SNAP
$8.86B
| $560M | 0.08% |
11,904,000
-1,866,300
| -14% | -$105M |
|
|
DOCU
174
CALL
DocuSign
DOCU
$11.8B
| $555M | 0.08% |
3,640,900
+1,042,900
| +40% | +$238M |
|
175
CALL
Coca-Cola
KO
$392B
| $552M | 0.08% |
9,326,500
+1,268,600
| +16% | +$70.6M |
|
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.