SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC
Long book
$2.67B
Q1 2026
Positions
468
Top-10 weight
21%
concentration
Last quarter
+12.7%
SPY +14.8%
Turnover
58%
of book per quarter
Strategy in plain words
auto-generated from filingsSUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC is a market maker — positions are inventory, not bets, running a $2.67B US long book across 468 positions.
The portfolio is broadly diversified across 468 positions (top 10 only 21%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: MICROSOFT CORP, ADOBE INC, VISA INC-CLASS A SHARES, SERVICENOW INC, AUTOMATIC DATA PROCESSING.
Over the last 8 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 4 of 8 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
Q1 2024
-1.5%
Q2 2024
+7.9%
Q4 2024
-2.2%
Q1 2025
+7.2%
Q2 2025
+6.8%
Q3 2025
+2.8%
Q4 2025
-2.3%
Q1 2026
+12.7%
Sector allocation
Financials 29%
Technology 28%
Industrials 19%
Services media 11%
Materials 3%
Consumer discretionary 3%
Other 2%
Energy 2%
Long book by quarter
What does SUSQUEHANNA FUNDAMENTAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 165.4K | $61.2M | 2.3% | New |
| ADBE ADOBE INC | Technology | 250.7K | $60.9M | 2.3% | +79.4% |
| V VISA INC-CLASS A SHARES | Services media | 199.9K | $60.4M | 2.3% | New |
| NOW SERVICENOW INC | Technology | 549.8K | $57.5M | 2.2% | New |
| ADP AUTOMATIC DATA PROCESSING | Technology | 279.3K | $56.7M | 2.1% | +29.6% |
| MCO MOODY'S CORP | Services media | 129.6K | $56.5M | 2.1% | +927.2% |
| CME CME GROUP INC | Financials | 189.2K | $55.9M | 2.1% | +4.4% |
| TFC TRUIST FINANCIAL CORP | Financials | 1.1M | $52.8M | 2.0% | +2533.8% |
| FAST FASTENAL CO | Consumer discretionary | 1.1M | $50.9M | 1.9% | +33.2% |
| TDG TRANSDIGM GROUP INC | Industrials | 43.9K | $50.8M | 1.9% | +1163.0% |
| CM CAN IMPERIAL BK OF COMMERCE | Financials | 522.0K | $49.5M | 1.9% | +4.5% |
| UBER UBER TECHNOLOGIES INC | Services media | 673.1K | $48.4M | 1.8% | +740.1% |
| CCJ CAMECO CORP | Materials | 411.4K | $44.7M | 1.7% | Held |
| PCAR PACCAR INC | Industrials | 370.9K | $42.8M | 1.6% | +2.8% |
| MET METLIFE INC | Financials | 515.4K | $36.4M | 1.4% | New |
| ADSK AUTODESK INC | Technology | 146.7K | $35.1M | 1.3% | +8125.2% |
| CB CHUBB LTD | Financials | 104.5K | $34.1M | 1.3% | -2.6% |
| TT TRANE TECHNOLOGIES PLC | Technology | 80.2K | $33.4M | 1.3% | +110.9% |
| KEY KEYCORP | Financials | 1.6M | $31.2M | 1.2% | New |
| VLTO VERALTO CORP | Technology | 344.3K | $30.4M | 1.1% | +1240.5% |
| WM WASTE MANAGEMENT INC | Utilities | 129.3K | $29.7M | 1.1% | +54.4% |
| CNH CNH INDUSTRIAL NV | Industrials | 2.5M | $27.8M | 1.0% | New |
| MSI MOTOROLA SOLUTIONS INC | Technology | 63.5K | $27.6M | 1.0% | -35.7% |
| IR INGERSOLL-RAND INC | Industrials | 341.3K | $27.3M | 1.0% | +29.1% |
| XYZ BLOCK INC | Technology | 442.6K | $26.6M | 1.0% | New |
| PYPL PAYPAL HOLDINGS INC | Services media | 549.7K | $24.9M | 0.9% | -11.9% |
| LII LENNOX INTERNATIONAL INC | Industrials | 50.2K | $23.3M | 0.9% | -8.4% |
| AON AON PLC-CLASS A | Financials | 71.5K | $23.1M | 0.9% | +187.4% |
| GWRE GUIDEWIRE SOFTWARE INC | Technology | 153.4K | $22.9M | 0.9% | New |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 467.6K | $22.8M | 0.9% | New |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 150.8K | $21.6M | 0.8% | Held |
| GDDY GODADDY INC - CLASS A | Technology | 259.2K | $21.4M | 0.8% | New |
| RY ROYAL BANK OF CANADA | Financials | 131.1K | $21.2M | 0.8% | +20.4% |
| SU SUNCOR ENERGY INC | Energy | 305.6K | $20.2M | 0.8% | +45.5% |
| WAB WABTEC CORP | Industrials | 80.8K | $20.2M | 0.8% | -23.9% |
| STLD STEEL DYNAMICS INC | Industrials | 99.9K | $18.0M | 0.7% | -47.4% |
| TRU TRANSUNION | Services media | 258.5K | $17.9M | 0.7% | +44.3% |
| VRSN VERISIGN INC | Technology | 70.0K | $17.4M | 0.7% | -44.1% |
| OC OWENS CORNING | Industrials | 159.4K | $17.2M | 0.6% | New |
| PAYX PAYCHEX INC | Services media | 186.0K | $17.1M | 0.6% | -55.9% |
| IOT SAMSARA INC-CL A | Technology | 535.8K | $17.0M | 0.6% | New |
| GE GENERAL ELECTRIC | Industrials | 59.2K | $16.8M | 0.6% | New |
| DT DYNATRACE INC | Technology | 449.7K | $16.6M | 0.6% | +302.8% |
| NTNX NUTANIX INC - A | Technology | 420.2K | $16.0M | 0.6% | New |
| GNRC GENERAC HOLDINGS INC | Industrials | 76.0K | $14.8M | 0.6% | +12.5% |
| OMF ONEMAIN HOLDINGS INC | Financials | 276.8K | $14.8M | 0.6% | +16.0% |
| AL AIR LEASE CORP | — | 222.3K | $14.4M | 0.5% | +4.6% |
| TOST TOAST INC-CLASS A | Technology | 539.1K | $14.3M | 0.5% | New |
| CTAS CINTAS CORP | Other | 84.3K | $14.3M | 0.5% | -68.7% |
| KNSL KINSALE CAPITAL GROUP INC | Financials | 39.5K | $13.5M | 0.5% | +220.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 468 | $2.67B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 549 | $2.93B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 550 | $2.56B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 708 | $3.72B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 1055 | $7.16B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 1064 | $7.00B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 15, 2024 | 919 | $4.33B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 665 | $2.14B | canonical | SEC ↗ |