SUSQUEHANNA ADVISORS GROUP, INC.

Market maker Mechanical CIK 1444949
League rank
#20
in Market maker · #6868 overall
Long book
$1.90B
Q1 2026
Positions
78
Top-10 weight
69%
concentration
Last quarter
+6.3%
SPY +14.8%
Turnover
64%
of book per quarter

Strategy in plain words

auto-generated from filings

SUSQUEHANNA ADVISORS GROUP, INC. is a market maker — positions are inventory, not bets, running a $1.90B US long book across 78 positions.

The portfolio is concentrated: the top 10 names carry 69% of the portfolio. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: INVESCO QQQ TRUST SERIES 1, PFIZER INC, MASTERCARD INC - A, TAIWAN SEMICONDUCTOR-SP ADR, SHOPIFY INC - CLASS A.

Over the last 6 quarters its long book ran on average 0.9pp per quarter ahead of the S&P 500, beating the index in 4 of 6 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q4 2024
-9.4%
Q1 2025
+16.5%
Q2 2025
+14.4%
Q3 2025
+6.9%
Q4 2025
-1.3%
Q1 2026
+6.3%

Sector allocation

Technology
28%
Other
20%
Services media
14%
Healthcare
12%
Utilities
11%
Materials
9%
Energy
3%
Industrials
2%

Long book by quarter

$1.68B
Q4 2024
$1.30B
Q1 2025
$1.81B
Q2 2025
$2.65B
Q3 2025
$2.83B
Q4 2025
$1.90B
Q1 2026

What does SUSQUEHANNA ADVISORS own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
PFE PFIZER INCHealthcare5.0M$140.4M7.4%-26.5%
MA MASTERCARD INC - AServices media265.0K$132.4M7.0%+341.7%
SHOP SHOPIFY INC - CLASS ATechnology878.6K$104.2M5.5%+19.0%
ORCL ORACLE CORPTechnology690.0K$101.5M5.4%New
NKE NIKE INC -CL BOther1.8M$95.1M5.0%New
NN NEXTNAV INCTechnology5.6M$88.9M4.7%+1.2%
APO 6.75 07/31/26 APOLLO GLOBAL MANAGEMENT1.4M$80.4M4.2%+358.3%
NEE NEXTERA ENERGY INCUtilities1.4M$68.0M3.6%New
ALB ALBEMARLE CORPMaterials900.0K$64.7M3.4%-25.0%
HPE 7.625 09/01/27 HP ENTERPRISE CO875.0K$56.4M3.0%+288.9%
ORCL ORACLE CORPTechnology790.0K$35.6M1.9%New
FOUR SHIFT4 PAYMENTS INCServices media545.0K$29.2M1.5%+240.6%
NEE NEXTERA ENERGY INCUtilities460.0K$25.8M1.4%New
PPL PPL CORPORATIONUtilities400.0K$20.5M1.1%New
EQX EQUINOX GOLD CORPMaterials1.4M$20.2M1.1%-30.0%
CRGY CRESCENT ENERGY INC-AEnergy1.1M$14.5M0.8%New
NEE NEXTERA ENERGY INCUtilities200.0K$10.5M0.6%New
IAG IAMGOLD CORPMaterials509.4K$9.6M0.5%+50.2%
AEM AGNICO EAGLE MINES LTDMaterials38.9K$7.9M0.4%-5.8%
EXE EXPAND ENERGY CORPEnergy71.9K$7.9M0.4%+172.1%
CP CANADIAN PACIFIC KANSAS CITYIndustrials95.4K$7.5M0.4%-0.8%
WHR 8.5 02/15/29 A WHIRLPOOL CORP175.0K$7.2M0.4%New
TD TORONTO-DOMINION BANKFinancials71.0K$6.6M0.3%Held
LBRT LIBERTY ENERGY INCEnergy195.0K$5.6M0.3%New
RY ROYAL BANK OF CANADAFinancials31.3K$5.1M0.3%Held
TSEM TOWER SEMICONDUCTOR LTDTechnology23.4K$4.1M0.2%-49.6%
BA BOEING CO/THEIndustrials20.2K$4.0M0.2%New
FUN SIX FLAGS ENTERTAINMENT CORPServices media218.7K$3.9M0.2%-16.6%
AVAV AEROVIRONMENT INCIndustrials20.8K$3.8M0.2%New
CNQ CANADIAN NATURAL RESOURCESEnergy78.2K$3.8M0.2%-2.7%
COMP COMPASS INC - CLASS AReal estate516.2K$3.8M0.2%Held
WOLF WOLFSPEED INCTechnology224.6K$3.7M0.2%-0.3%
ARES ARES MANAGEMENT CORPFinancials100.0K$3.6M0.2%New
AAUC ALLIED GOLD CORP106.7K$3.3M0.2%New
MFC MANULIFE FINANCIAL CORPFinancials95.7K$3.3M0.2%Held
BMO BANK OF MONTREALFinancials23.9K$3.2M0.2%Held
CC CHEMOURS CO/THEMaterials138.5K$3.1M0.2%-83.7%
CNI CANADIAN NATL RAILWAY COIndustrials27.6K$2.8M0.1%-2.1%
IMO IMPERIAL OIL LTDEnergy21.7K$2.8M0.1%New
ENLT ENLIGHT RENEWABLE ENERGY LTDUtilities36.4K$2.5M0.1%New
ALM ALMONTY INDUSTRIES INCMaterials167.8K$2.4M0.1%New
RACE FERRARI NVIndustrials7.1K$2.4M0.1%-16.2%
AQN ALGONQUIN POWER & UTILITIESUtilities386.4K$2.4M0.1%Held
HRI HERC HOLDINGS INCServices media19.0K$1.9M0.1%New
GLXY GALAXY DIGITAL INC-AFinancials85.5K$1.6M0.1%Held
SUNC SUNOCOCORP LLCEnergy24.1K$1.5M0.1%Held
OTEX OPEN TEXT CORPTechnology65.1K$1.4M0.1%New
JHX JAMES HARDIE IND PLCIndustrials75.0K$1.4M0.1%-24.3%
OVV OVINTIV INCEnergy22.7K$1.4M0.1%New
VOYG VOYAGER TECHNOLOGIES INC-AIndustrials56.8K$1.3M0.1%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 2026127$3.05B canonicalSEC ↗
Q4 202513F-HRFeb 17, 2026170$6.02B canonicalSEC ↗
Q3 202513F-HRNov 14, 2025168$6.52B canonicalSEC ↗
Q2 202513F-HRAug 14, 2025147$3.69B canonicalSEC ↗
Q1 202513F-HRMay 14, 2025100$2.44B canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025115$3.42B canonicalSEC ↗
Q3 202413F-NTNov 14, 20240$0 SEC ↗
Q2 202413F-NTAug 15, 20240$0 SEC ↗
Q1 202413F-NTMay 7, 20240$0 SEC ↗