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 | |
|---|---|---|---|---|---|---|
201
CALL
Intuit
INTU
$100B
| $503M | 0.08% |
782,700
+100,600
| +15% | +$62.1M |
|
202
PUT
Blackrock
BLK
$179B
| $502M | 0.08% |
547,900
-118,400
| -18% | -$108M |
|
203
FedEx
FDX
$76.9B
| $501M | 0.08% |
1,938,839
-1,048,103
| -35% | -$252M |
|
204
CALL
Baidu
BIDU
$31.6B
| $498M | 0.07% |
3,303,700
-1,148,800
| -26% | -$179M |
|
205
CALL
Twilio
TWLO
$34.6B
| $493M | 0.07% |
1,874,000
+463,500
| +33% | +$139M |
|
|
206
PUT
Twilio
TWLO
$34.6B
| $493M | 0.07% |
1,871,300
-51,000
| -3% | -$15.3M |
|
207
PUT
iShares MSCI Brazil ETF
EWZ
$8.52B
| $490M | 0.07% |
17,465,900
-12,890,700
| -42% | -$387M |
|
208
PUT
Charter Communications
CHTR
$17.9B
| $489M | 0.07% |
750,400
+37,300
| +5% | +$25.4M |
|
209
PUT
Chevron
CVX
$403B
| $489M | 0.07% |
4,163,900
-1,778,500
| -30% | -$202M |
|
210
CALL
Trade Desk
TTD
$6.19B
| $487M | 0.07% |
5,316,200
-3,219,900
| -38% | -$282M |
|
211
PUT
Eli Lilly
LLY
$1.12T
| $487M | 0.07% |
1,763,500
-122,600
| -7% | -$31.1M |
|
212
PUT
MongoDB
MDB
$34.7B
| $484M | 0.07% |
915,000
-123,000
| -12% | -$63M |
|
213
PUT
iShares TIPS Bond ETF
TIP
$14.9B
| $480M | 0.07% |
3,714,000
+3,592,400
| +2,954% | +$463M |
|
214
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $474M | 0.07% |
17,089,600
+73,200
| +0.4% | +$2.07M |
|
215
PUT
Johnson & Johnson
JNJ
$651B
| $474M | 0.07% |
2,768,900
-237,800
| -8% | -$38.9M |
|
216
PUT
Novavax
NVAX
$1.47B
| $472M | 0.07% |
3,296,600
+1,142,500
| +53% | +$196M |
|
217
CALL
Applied Materials
AMAT
$391B
| $468M | 0.07% |
2,973,000
-182,800
| -6% | -$26.5M |
|
218
Qualcomm
QCOM
$169B
| $465M | 0.07% |
2,541,608
-1,386,293
| -35% | -$222M |
|
219
PUT
AbbVie
ABBV
$468B
| $464M | 0.07% |
3,429,200
-951,100
| -22% | -$112M |
|
220
CALL
Comcast
CMCSA
$95.3B
| $463M | 0.07% |
9,159,300
-4,336,900
| -32% | -$226M |
|
221
CALL
AutoZone
AZO
$48.3B
| $462M | 0.07% |
220,500
-21,100
| -9% | -$39.3M |
|
222
PUT
RH
RH
$2.9B
| $461M | 0.07% |
861,000
-302,800
| -26% | -$186M |
|
223
CALL
iShares Silver Trust
SLV
$33.8B
| $461M | 0.07% |
21,442,600
-6,101,500
| -22% | -$132M |
|
224
CALL
GameStop
GME
$8.17B
| $458M | 0.07% |
11,857,200
-194,000
| -2% | -$8.82M |
|
225
PUT
Vale
VALE
$62.1B
| $458M | 0.07% |
32,636,600
+6,295,900
| +24% | +$83.6M |
|
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.