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Susquehanna Fundamental Investments, LLC

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1446179

Reported value
$5.3bn
97% in companies we cover
Positions we cover
699
Largest GE 1.5%
Copy, a year
+14.9%
S&P 500 +16.2%
Copy Sharpe ratio
0.63
S&P 500 0.75

How copying its 13F would have done

$10.0k$20.0k 20192020202120222023202420252026 $29.5k$27.2k
CopyS&P 500 $10,000 copying Susquehanna Fundamental Investments, LLC's filed holdings in companies we cover from August 23, 2019, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −40.2% (S&P 500 −31.8%); beta 1.06; alpha −1.4% a year (t = −0.46); last 12 months +23.3% against +12.1%.

Reported value by quarter

Susquehanna Fundamental Investments, LLC: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $2T $4T $6T Reported value, 2019-06-30: $1.7B Reported value, 2020-06-30: $2.1B Reported value, 2020-09-30: $3.4B Reported value, 2020-12-31: $5.5B Reported value, 2021-03-31: $5.8B Reported value, 2021-06-30: $5.5B Reported value, 2021-09-30: $5.4B Reported value, 2021-12-31: $3.8B Reported value, 2022-03-31: $5.1B Reported value, 2022-09-30: $5.9B Reported value, 2022-12-31: $5.8T Reported value, 2023-03-31: $4.3B Reported value, 2023-06-30: $2.7B Reported value, 2023-09-30: $1.5B Reported value, 2024-03-31: $2.1B Reported value, 2024-06-30: $4.3B Reported value, 2024-12-31: $6B Reported value, 2025-03-31: $6B Reported value, 2025-06-30: $3.7B Reported value, 2025-09-30: $2.6B Reported value, 2025-12-31: $2.9B Reported value, 2026-03-31: $2.7B Reported value, 2026-06-30: $5.3B 2019-06-30 2021-06-30 2022-12-31 2024-06-30 2026-06-30 $5.3B
View chart data
Period Reported value
2019-06-30 $1.7B
2020-06-30 $2.1B
2020-09-30 $3.4B
2020-12-31 $5.5B
2021-03-31 $5.8B
2021-06-30 $5.5B
2021-09-30 $5.4B
2021-12-31 $3.8B
2022-03-31 $5.1B
2022-09-30 $5.9B
2022-12-31 $5.8T
2023-03-31 $4.3B
2023-06-30 $2.7B
2023-09-30 $1.5B
2024-03-31 $2.1B
2024-06-30 $4.3B
2024-12-31 $6B
2025-03-31 $6B
2025-06-30 $3.7B
2025-09-30 $2.6B
2025-12-31 $2.9B
2026-03-31 $2.7B
2026-06-30 $5.3B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
GEGE Aerospace1.50%$79.8m213.6K+261.0% Added
VVisa Inc.1.44%$76.5m223.1K+11.6% Added
UBERUber1.42%$75.7m1.05M+55.9% Added
ADPAutomatic Data Processing1.37%$72.6m324.3K+16.1% Added
WMWaste Management1.36%$72.2m323.9K+150.5% Added
QCOMQualcomm1.35%$71.6m387.3K+514.0% Added
CBChubb Limited1.32%$70.1m205.7K+96.8% Added
BLKBlackRock1.30%$69.1m71.9KNew
MSFTMicrosoft Corporation1.28%$68.3m183.1K+10.7% Added
TDGTransDigm Group1.27%$67.7m50.8K+15.9% Added
MAMastercard1.27%$67.6m131.6KNew
ARMARM Holdings PLC1.25%$66.7m188.2K+14.2% Added
FDXFedEx1.21%$64.3m205.2K+1308.8% Added
TTTrane Technologies1.21%$64.2m130.8K+63.0% Added
MCOMoody's Corporation1.14%$60.4m133.3K+2.8% Added
ADSKAutodesk, Inc.1.10%$58.7m301.9K+105.7% Added
PYPLPayPal1.06%$56.3m1.30M+137.2% Added
SNOWSnowflake Inc.1.05%$55.8m219.4KNew
TFCTruist Financial0.99%$52.8m1.06M−7.6% Reduced
ETNEaton Corporation0.96%$51.0m119.6K+1006.4% Added
BMOBank Of Montreal0.96%$50.8m287.7K+222.9% Added
DDOGDatadog, Inc.0.91%$48.6m186.6K+158.7% Added
WDAYWorkday, Inc.0.89%$47.1m384.9KNew
HPEHewlett Packard Enterprise0.88%$46.9m1.04MNew
JPMJPMorgan Chase0.85%$45.4m138.7K+2718.8% Added
CNQCanadian Natural Resources Ltd0.83%$44.1m1.12M+138.6% Added
CMECME Group0.82%$43.8m198.4K+4.9% Added
METMetLife0.82%$43.6m515.4K0.0%
FASTFastenal0.79%$41.8m870.0K−20.7% Reduced
KEYKeyCorp0.79%$41.7m1.81M+16.3% Added
RFRegions Financial Corporation0.78%$41.6m1.38MNew
HIGThe Hartford0.77%$41.0m309.5KNew
ACGLArch Capital Group0.75%$39.8m409.7K+421.8% Added
WABWabtec0.73%$39.0m144.8K+79.3% Added
RJFRaymond James Financial0.70%$37.5m246.6K+278.3% Added
BXBlackstone Inc.0.70%$37.0m314.3K+411.5% Added
DALDelta Air Lines0.68%$36.2m386.2KNew
CMCanadian Imperial Bank Of Commerce0.67%$35.8m311.3K−40.4% Reduced
PCARPaccar0.67%$35.6m296.6K−20.0% Reduced
MCDMcDonald's0.65%$34.6m128.1KNew
XYZBlock, Inc.0.63%$33.6m442.6K0.0%
RYRoyal Bank Of Canada0.62%$32.8m158.3K+20.7% Added
MSMorgan Stanley0.61%$32.5m155.5KNew
HPQHP Inc.0.60%$31.7m1.45MNew
DELLDell Technologies0.59%$31.3m72.7KNew
LIILennox International0.54%$28.5m49.7K−1.0% Reduced
DTDynatrace, Inc.0.53%$28.0m636.6K+41.6% Added
FSLRFirst Solar, Inc.0.52%$27.6m116.9KNew
CRWDCrowdStrike0.52%$27.4m35.9KNew
VRTVertiv0.51%$27.2m81.4KNew
GDGeneral Dynamics0.50%$26.5m74.8KNew
GDDYGodaddy Inc.0.50%$26.4m311.2K+20.1% Added
MTBM&T Bank0.49%$26.3m110.6K+205.4% Added
TRVThe Travelers Companies0.49%$26.0m78.8KNew
NTNXNutanix, Inc.0.48%$25.6m502.2K+19.5% Added
WRBW. R. Berkley Corporation0.48%$25.3m358.7K+98.5% Added
CPAYCorpay0.47%$25.2m75.7K+379.0% Added
CNHCNH Industrial N.V.0.47%$25.2m2.24M−11.2% Reduced
VLTOVeralto0.47%$25.1m282.9K−17.8% Reduced
CRBGCorebridge Financial, Inc.0.47%$24.9m871.4K+85.3% Added
TDToronto Dominion Bank0.46%$24.6m202.9K+134.0% Added
EXPDExpeditors International0.46%$24.6m150.8K0.0%
TOSTToast, Inc.0.46%$24.5m879.9K+63.2% Added
OCOwens Corning0.46%$24.2m152.2K−4.5% Reduced
IRIngersoll Rand0.45%$24.1m294.1K−13.8% Reduced
TEAMAtlassian Corp0.44%$23.6m302.9K+398.1% Added
CRHCRH plc0.44%$23.5m220.0KNew
ORCLOracle Corporation0.44%$23.3m159.2KNew
AKAMAkamai Technologies0.43%$22.9m193.6K+1540.6% Added
GNRCGenerac0.42%$22.3m76.0K0.0%
ITTITT Inc.0.41%$22.1m111.6K+342.0% Added
HBANHuntington Bancshares0.41%$21.7m1.23MNew
AZOAutoZone0.40%$21.2m6.6KNew
MFCManulife Financial Corp0.40%$21.1m521.6K+77.4% Added
WTSWatts Water Technologies Inc0.39%$20.6m52.6K+7044.7% Added
AFRMAffirm Holdings, Inc.0.38%$20.2m247.9KNew
FHNFirst Horizon Corp0.38%$20.1m783.0K+996.4% Added
IOTSamsara Inc.0.38%$20.0m616.3K+15.0% Added
FROGJfrog Ltd0.36%$19.1m210.7K+2932.2% Added
PFEPfizer0.36%$19.0m787.3KNew
TXTTextron0.35%$18.9m205.7K+296.1% Added
ATIATI Inc0.35%$18.8m95.5K+15.4% Added
WMSAdvanced Drainage Systems, Inc.0.35%$18.6m118.3KNew
DOCUDocusign, Inc.0.35%$18.5m415.8K+585.6% Added
SNXTD Synnex Corp0.34%$18.2m68.2K+148.1% Added
CINFCincinnati Financial0.33%$17.8m96.0K+307.5% Added
NDAQNasdaq, Inc.0.33%$17.7m224.7KNew
VRSNVerisign Inc0.33%$17.5m69.5K−0.8% Reduced
COHRCoherent Corp.0.33%$17.3m43.7KNew
MSIMotorola Solutions0.32%$17.1m41.2K−35.2% Reduced
CNMCore & Main, Inc.0.31%$16.4m340.3KNew
ABNBAirbnb0.31%$16.4m114.7KNew
SUSuncor Energy Inc0.31%$16.4m305.6K0.0%
TRUTransunion0.30%$16.1m222.9K−13.8% Reduced
NPOEnpro Inc.0.30%$16.1m42.6K+43.2% Added
SFStifel Financial Corp0.30%$16.0m228.6K+76.0% Added
PEverpure0.30%$16.0m202.5KNew
HUBSHubspot Inc0.30%$15.8m86.8K+248.3% Added
ARWArrow Electronics, Inc.0.29%$15.3m71.9K+0.1%
ALLYAlly Financial Inc.0.28%$14.9m324.2KNew
RELYRemitly Global, Inc.0.28%$14.8m662.0K0.0%
ESTCElastic N.V.0.27%$14.5m255.0K+55.8% Added
CRCrane Co0.27%$14.4m64.6K+191.8% Added
PINSPinterest, Inc.0.26%$14.0m663.8KNew
LYFTLyft, Inc.0.26%$13.9m950.0KNew
PAYXPaychex0.26%$13.8m140.8K−24.3% Reduced
DCIDonaldson Co Inc0.26%$13.7m152.3K+75.8% Added
TWLOTwilio Inc0.26%$13.7m66.2K+148.3% Added
BWXTBWX Technologies, Inc.0.25%$13.3m68.4K+200.2% Added
GVAGranite Construction Inc0.25%$13.2m83.7K+66.0% Added
ENBEnbridge Inc0.25%$13.2m243.2KNew
RNRRenaissancere Holdings LTD0.25%$13.1m41.5K+53.8% Added
CFRCullen/frost Bankers, Inc.0.25%$13.1m84.6K+1296.9% Added
AMKRAmkor Technology, Inc.0.25%$13.1m151.5KNew
SPXCSPX Technologies, Inc.0.24%$12.5m51.1K+2713.9% Added
GWREGuidewire Software, Inc.0.23%$12.4m100.9K−34.3% Reduced
JBTMJBT Marel Corp0.23%$12.3m84.5K+79.8% Added
TPGTPG Inc.0.23%$12.2m301.7KNew
STTState Street Corporation0.23%$12.2m71.9K+30.1% Added
AURAurora Innovation, Inc.0.23%$12.1m1.78M+4.2% Added
AIZAssurant0.23%$12.0m44.7K+81.0% Added
FAFFirst American Financial Corp0.22%$11.9m172.8K+216.2% Added
RGAReinsurance Group Of America Inc0.22%$11.6m54.6K+23.5% Added
MATXMatson, Inc.0.22%$11.6m60.2K0.0%
MRKMerck & Co.0.22%$11.5m89.3KNew
IBKRInteractive Brokers0.21%$11.3m130.0K+114.7% Added
MLIMueller Industries Inc0.21%$11.1m90.3K+60.3% Added
OMFOnemain Holdings, Inc.0.20%$10.9m179.1K−35.3% Reduced
SAIASaia Inc0.20%$10.7m25.5K0.0%
SMCISupermicro0.20%$10.7m364.8KNew
KEXKirby Corp0.20%$10.4m76.8K+950.6% Added
TTANServicetitan, Inc.0.20%$10.4m146.5K−24.1% Reduced
KAIKadant Inc0.19%$10.2m32.5K+44.7% Added
BDCBelden Inc.0.19%$10.2m85.0K+487.2% Added
FDXFFedEx Freight0.19%$10.2m67.4KNew
RBRKRubrik, Inc.0.19%$10.1m126.2KNew
ALKAlaska AIR Group, Inc.0.19%$10.1m192.8KNew
WKWorkiva Inc0.19%$10.1m207.3KNew
XPXP Inc.0.19%$10.0m613.4K+110.4% Added
SXIStandex International Corp0.19%$9.9m27.8K+42.3% Added
FCXFreeport-McMoRan0.19%$9.9m157.7KNew
JEFJefferies Financial Group Inc.0.18%$9.8m196.6K+123.2% Added
BOXBOX Inc0.18%$9.8m369.7K−15.2% Reduced
COLBColumbia Banking System, Inc.0.18%$9.7m303.3K+1039.6% Added
CGNXCognex Corp0.18%$9.6m132.3KNew
THGHanover Insurance Group, Inc.0.17%$9.3m43.2K+41.2% Added
FNFFidelity National Financial, Inc.0.17%$9.0m189.9K−11.5% Reduced
EWBCEast West Bancorp Inc0.17%$8.9m68.9K0.0%
HSTHost Hotels & Resorts0.17%$8.9m374.4KNew
VSECVSE Corp0.16%$8.6m37.5K+956.5% Added
CompanyBought (value)Shares
BLKBlackRock$69.1m71.9K
MAMastercard$67.6m131.6K
QCOMQualcomm$59.9m324.2K
FDXFedEx$59.7m190.7K
GEGE Aerospace$57.7m154.4K
SNOWSnowflake Inc.$55.8m219.4K
WDAYWorkday, Inc.$47.1m384.9K
HPEHewlett Packard Enterprise$46.9m1.04M
ETNEaton Corporation$46.4m108.8K
JPMJPMorgan Chase$43.8m133.8K
WMWaste Management$43.4m194.6K
RFRegions Financial Corporation$41.6m1.38M
HIGThe Hartford$41.0m309.5K
DALDelta Air Lines$36.2m386.2K
BMOBank Of Montreal$35.1m198.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
NOWServiceNow−$57.5m−549.8K
ADBEAdobe Inc.−$46.3m−225.7K
CCJCameco Corp−$37.6m−369.5K
CMCanadian Imperial Bank Of Commerce−$24.2m−210.7K
AONAon plc−$23.1m−71.5K
STLDSteel Dynamics−$18.0m−99.9K
OKTAOkta, Inc.−$17.5m−128.6K
CTASCintas−$14.3m−84.3K
AEMAgnico Eagle Mines LTD−$11.1m−54.9K
FASTFastenal−$10.9m−227.0K
AXPAmerican Express−$10.1m−33.3K
MSIMotorola Solutions−$9.3m−22.4K
PCARPaccar−$8.9m−74.3K
ENPHEnphase Energy, Inc.−$8.3m−220.0K
KNSLKinsale Capital Group, Inc.−$7.8m−23.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
NOWServiceNow$57.5m549.8K
AONAon plc$23.1m71.5K
STLDSteel Dynamics$18.0m99.9K
CTASCintas$14.3m84.3K
AEMAgnico Eagle Mines LTD$11.1m54.9K
AXPAmerican Express$10.1m33.3K
ENPHEnphase Energy, Inc.$8.3m220.0K
HSYThe Hershey Company$6.4m30.7K
HLIHoulihan Lokey, Inc.$5.9m41.3K
STXSeagate Technology$5.5m14.0K
DXCDXC Technology Co$5.5m434.4K
BILLBILL Holdings, Inc.$4.8m125.4K
EQHEquitable Holdings, Inc.$3.4m91.0K
UMBFUMB Financial Corp$3.2m28.6K
RYANRyan Specialty Holdings, Inc.$3.0m89.6K
VNETVnet Group, Inc.$2.9m341.0K
CARAvis Budget Group, Inc.$2.8m19.2K
QLYSQualys, Inc.$2.7m31.1K
ALRMAlarm.com Holdings, Inc.$2.7m62.1K
PBProsperity Bancshares Inc$2.5m37.3K
MCYMercury General Corp$2.3m26.6K
NMIHNMI Holdings, Inc.$1.8m49.3K
STEPStepstone Group Inc.$1.8m37.7K
DKSDick's Sporting Goods, Inc.$1.5m7.7K
TROWT. Rowe Price$1.5m16.1K
CBOECboe Global Markets$1.2m4.4K
CDRECadre Holdings, Inc.$1.2m37.5K
SBRASabra Health Care Reit, Inc.$1.1m57.7K
PTCPTC Inc.$998,2857.0K
PLUSEplus Inc$966,13512.8K
  • Financials35.4%
  • Industrials30.4%
  • Technology25.2%
  • Consumer Discretionary2.4%
  • Energy1.9%
  • Health Care1.5%
  • Materials1.5%
  • Communication Services0.7%
  • Real Estate0.6%
  • Consumer Staples0.4%
  • Utilities0.1%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 23, 2019 to November 2, 2026+14.9%+16.2%0.630.75−40.2%1.06
Last three yearsNovember 3, 2023 to November 2, 2026+23.9%+21.8%1.251.16−16.3%0.85
Last yearNovember 7, 2025 to November 2, 2026+23.6%+14.2%1.460.84−7.5%0.69

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.