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 | |
|---|---|---|---|---|---|---|
176
CALL
iShares China Large-Cap ETF
FXI
$4.28B
| $550M | 0.08% |
14,900,200
+3,595,000
| +32% | +$141M |
|
177
CALL
Lowe's Companies
LOW
$121B
| $548M | 0.08% |
2,121,300
-1,339,300
| -39% | -$318M |
|
178
PUT
Trade Desk
TTD
$6.19B
| $548M | 0.08% |
5,982,400
-1,948,900
| -25% | -$171M |
|
179
NIO
NIO
$11.6B
| $548M | 0.08% |
17,295,046
+4,003,547
| +30% | +$147M |
|
180
PUT
SPDR Gold Trust
GLD
$152B
| $544M | 0.08% |
3,181,300
-939,300
| -23% | -$158M |
|
181
PUT
AutoZone
AZO
$48.3B
| $542M | 0.08% |
258,700
-37,200
| -13% | -$69.3M |
|
182
CALL
Merck
MRK
$376B
| $538M | 0.08% |
7,015,000
+3,108,900
| +80% | +$248M |
|
183
CALL
ExxonMobil
XOM
$679B
| $533M | 0.08% |
8,708,200
-4,174,200
| -32% | -$261M |
|
184
PUT
Snap
SNAP
$8.86B
| $531M | 0.08% |
11,286,900
-1,350,300
| -11% | -$76M |
|
185
CALL
VanEck Semiconductor ETF
SMH
$68.6B
| $528M | 0.08% |
3,422,400
+222,800
| +7% | +$32.2M |
|
186
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $528M | 0.08% |
5,503,500
-1,726,800
| -24% | -$177M |
|
187
CALL
McDonald's
MCD
$192B
| $527M | 0.08% |
1,966,500
-340,900
| -15% | -$86.1M |
|
188
PUT
PepsiCo
PEP
$196B
| $525M | 0.08% |
3,023,200
+730,000
| +32% | +$119M |
|
189
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| $524M | 0.08% |
3,534,142
-260,518
| -7% | -$38.4M |
|
|
190
CALL
PepsiCo
PEP
$196B
| $523M | 0.08% |
3,012,300
+1,062,100
| +54% | +$173M |
|
191
CALL
Atlassian
TEAM
$43.5B
| $522M | 0.08% |
1,369,200
-116,400
| -8% | -$46.8M |
|
192
PUT
ASML
ASML
$677B
| $522M | 0.08% |
655,200
-449,300
| -41% | -$357M |
|
193
PUT
BioNTech
BNTX
$29.3B
| $519M | 0.08% |
2,012,800
-824,900
| -29% | -$226M |
|
194
CALL
Verizon
VZ
$205B
| $519M | 0.08% |
9,930,500
-3,235,600
| -25% | -$169M |
|
195
PUT
CVS Health
CVS
$119B
| $515M | 0.08% |
4,987,900
-1,084,700
| -18% | -$100M |
|
|
196
CALL
AT&T
T
$173B
| $514M | 0.08% |
27,690,401
-1,002,665
| -3% | -$18.7M |
|
197
CALL
TSMC
TSM
$2.17T
| $510M | 0.08% |
4,237,600
-68,600
| -2% | -$8.04M |
|
198
PUT
ARK Innovation ETF
ARKK
$6.72B
| $508M | 0.08% |
5,369,800
-2,480,800
| -32% | -$271M |
|
199
PUT
Lockheed Martin
LMT
$130B
| $506M | 0.08% |
1,424,500
+154,200
| +12% | +$53.3M |
|
200
PUT
United States Oil Fund
USO
$2.24B
| $505M | 0.08% |
9,295,000
+4,506,100
| +94% | +$245M |
|
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.