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 | |
|---|---|---|---|---|---|---|
1
PUT
Tesla
TSLA
$1.43T
| $44.8B | 6.72% |
127,148,700
-17,413,200
| -12% | -$5.84B |
|
|
2
CALL
Tesla
TSLA
$1.43T
| $38.5B | 5.77% |
109,159,800
-31,171,500
| -22% | -$10.5B |
|
|
3
CALL
Amazon
AMZN
$2.79T
| $27.5B | 4.13% |
163,354,000
-56,542,000
| -26% | -$9.68B |
|
|
4
PUT
Amazon
AMZN
$2.79T
| $27.3B | 4.1% |
162,004,000
-59,502,000
| -27% | -$10.2B |
|
|
5
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $23.1B | 3.47% |
48,554,300
-15,090,200
| -24% | -$6.93B |
|
|
6
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $17.5B | 2.63% |
36,733,600
-7,345,600
| -17% | -$3.37B |
|
|
7
PUT
Invesco QQQ Trust
QQQ
$486B
| $11.4B | 1.71% |
28,583,200
-12,227,600
| -30% | -$4.72B |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$486B
| $9.64B | 1.45% |
24,227,100
-5,086,300
| -17% | -$1.96B |
|
|
9
CALL
Apple
AAPL
$4.51T
| $8.16B | 1.22% |
45,771,700
-9,651,200
| -17% | -$1.53B |
|
10
PUT
Alphabet (Google) Class C
GOOG
$4.18T
| $8.1B | 1.21% |
55,972,000
-9,420,000
| -14% | -$1.36B |
|
|
11
PUT
Alphabet (Google) Class A
GOOGL
$4.22T
| $7.16B | 1.07% |
49,412,000
-15,262,000
| -24% | -$2.2B |
|
|
12
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $6.46B | 0.97% |
13,602,429
-5,237,412
| -28% | -$2.4B |
|
|
13
PUT
Apple
AAPL
$4.51T
| $6.14B | 0.92% |
34,437,200
-9,117,700
| -21% | -$1.44B |
|
|
14
CALL
Alphabet (Google) Class A
GOOGL
$4.22T
| $5.47B | 0.82% |
37,730,000
-30,730,000
| -45% | -$4.43B |
|
15
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $5.17B | 0.78% |
23,241,000
-11,242,900
| -33% | -$2.54B |
|
16
CALL
Meta Platforms (Facebook)
META
$1.4T
| $5.15B | 0.77% |
15,316,100
-2,172,500
| -12% | -$721M |
|
17
PUT
NVIDIA
NVDA
$5.2T
| $4.92B | 0.74% |
166,404,000
-13,668,000
| -8% | -$376M |
|
18
CALL
Microsoft
MSFT
$3.59T
| $4.83B | 0.72% |
14,240,800
+12,900
| +0.1% | +$4.18M |
|
|
19
CALL
NVIDIA
NVDA
$5.2T
| $4.57B | 0.69% |
154,451,000
+3,521,000
| +2% | +$96.9M |
|
|
20
PUT
Microsoft
MSFT
$3.59T
| $4.3B | 0.64% |
12,659,900
-2,721,200
| -18% | -$882M |
|
|
21
CALL
Alphabet (Google) Class C
GOOG
$4.18T
| $3.64B | 0.55% |
25,174,000
-8,132,000
| -24% | -$1.18B |
|
22
CALL
Alibaba
BABA
$286B
| $2.77B | 0.41% |
22,486,600
-1,231,500
| -5% | -$179M |
|
23
PUT
Shopify
SHOP
$192B
| $2.76B | 0.41% |
19,921,000
-7,562,000
| -28% | -$1.1B |
|
|
24
PUT
Meta Platforms (Facebook)
META
$1.4T
| $2.65B | 0.4% |
7,889,400
-1,978,200
| -20% | -$657M |
|
|
25
PUT
Advanced Micro Devices
AMD
$773B
| $2.56B | 0.38% |
17,819,900
-6,929,000
| -28% | -$931M |
|
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.