SUSQUEHANNA INTERNATIONAL GROUP, LLP

Market maker Mechanical CIK 1446194
League rank
#6
in Market maker · #588 overall
Long book
$77.25B
Q1 2026
Positions
6534
Top-10 weight
29%
concentration
Last quarter
+20.2%
SPY +14.8%
Turnover
35%
of book per quarter

Strategy in plain words

auto-generated from filings

SUSQUEHANNA INTERNATIONAL GROUP, LLP is a market maker — positions are inventory, not bets, running a $77.25B US long book across 6534 positions.

The portfolio is moderately concentrated (top 10 ≈ 29% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, INVESCO QQQ TRUST SERIES 1, TESLA INC, MICROSOFT CORP, NVIDIA CORP.

Over the last 9 quarters its long book ran on average 1.3pp per quarter ahead of the S&P 500, beating the index in 6 of 9 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
+5.0%
Q2 2024
+5.3%
Q3 2024
+4.0%
Q4 2024
-4.4%
Q1 2025
+13.7%
Q2 2025
+11.1%
Q3 2025
+0.3%
Q4 2025
-3.3%
Q1 2026
+20.2%

Sector allocation

Technology
39%
Financials
13%
Industrials
12%
Consumer discretionary
6%
Healthcare
6%
Services media
6%
Other
4%
Materials
3%

Long book by quarter

$66.13B
Q1 2024
$56.51B
Q2 2024
$58.03B
Q3 2024
$66.94B
Q4 2024
$60.95B
Q1 2025
$65.39B
Q2 2025
$68.35B
Q3 2025
$72.82B
Q4 2025
$77.25B
Q1 2026

What does SUSQUEHANNA INTERNATIONAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
TSLA TESLA INCIndustrials4.8M$1.79B2.3%+25.1%
MSFT MICROSOFT CORPTechnology4.7M$1.73B2.2%+129.6%
NVDA NVIDIA CORPTechnology8.8M$1.54B2.0%+17.8%
MU MICRON TECHNOLOGY INCTechnology3.6M$1.23B1.6%+206.3%
AAPL APPLE INCTechnology3.9M$978.1M1.3%+7.6%
GOOGL ALPHABET INC-CL ATechnology3.1M$901.6M1.2%-27.4%
UNH UNITEDHEALTH GROUP INCFinancials3.2M$860.6M1.1%+445.6%
AMD ADVANCED MICRO DEVICESTechnology4.2M$847.3M1.1%+62.3%
GOOG ALPHABET INC-CL CTechnology2.7M$779.7M1.0%+27.9%
META META PLATFORMS INC-CLASS ATechnology1.3M$745.0M1.0%+59.2%
AVGO BROADCOM INCTechnology2.4M$735.5M1.0%-44.8%
AMZN AMAZON.COM INCConsumer discretionary3.3M$696.4M0.9%-18.9%
ORCL ORACLE CORPTechnology4.5M$667.3M0.9%+111.7%
SNDK SANDISK CORPTechnology986.3K$626.7M0.8%+769.9%
WMT WALMART INCConsumer discretionary4.1M$511.2M0.7%-11.1%
ADBE ADOBE INCTechnology1.8M$434.3M0.6%+138.8%
NFLX NETFLIX INCServices media4.4M$422.8M0.5%-59.9%
CVX CHEVRON CORPEnergy1.7M$360.3M0.5%+70.8%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials656.2K$314.5M0.4%+60.6%
NKE NIKE INC -CL BOther5.9M$312.7M0.4%+55.5%
XOM EXXON MOBIL CORPEnergy1.8M$307.5M0.4%+22.7%
INTC INTEL CORPTechnology6.6M$291.7M0.4%+16.2%
GS GOLDMAN SACHS GROUP INCFinancials316.6K$267.8M0.3%-20.9%
SHOP SHOPIFY INC - CLASS ATechnology2.3M$267.4M0.3%+334.9%
MRVL MARVELL TECHNOLOGY INCTechnology2.6M$260.1M0.3%+7.8%
MELI MERCADOLIBRE INCServices media145.6K$251.7M0.3%+120.5%
NOW SERVICENOW INCTechnology2.3M$244.3M0.3%+400.8%
LITE LUMENTUM HOLDINGS INCTechnology346.6K$243.6M0.3%+3.9%
CSCO CISCO SYSTEMS INCTechnology3.1M$241.1M0.3%+65.5%
ASML ASML HOLDING NV-NY REG SHSIndustrials172.1K$227.3M0.3%+7.0%
C CITIGROUP INCFinancials2.0M$226.0M0.3%-26.8%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology1.5M$222.5M0.3%-24.3%
JNJ JOHNSON & JOHNSONHealthcare844.1K$206.3M0.3%+48.8%
MCHP MICROCHIP TECHNOLOGY INCTechnology3.2M$205.3M0.3%+49.7%
LRCX LAM RESEARCH CORPIndustrials918.8K$196.3M0.3%+64.7%
KO COCA-COLA CO/THEConsumer staples2.5M$192.0M0.2%+184.7%
HLT HILTON WORLDWIDE HOLDINGS INServices media612.0K$186.1M0.2%+51.2%
JPM JPMORGAN CHASE & COFinancials628.3K$184.8M0.2%+33.1%
CAT CATERPILLAR INCIndustrials241.2K$170.9M0.2%-27.3%
BMNR BITMINE IMMERSION TECHNOLOGIFinancials8.5M$168.8M0.2%+152.4%
BA BOEING CO/THEIndustrials816.9K$162.6M0.2%+45.4%
CI THE CIGNA GROUPFinancials603.7K$161.0M0.2%+55.8%
MSTR STRATEGY INCFinancials1.3M$160.1M0.2%+306.1%
WDC WESTERN DIGITAL CORPTechnology568.8K$153.9M0.2%+143.2%
LULU LULULEMON ATHLETICA INCOther983.8K$150.6M0.2%+20.3%
MAR MARRIOTT INTERNATIONAL -CL AServices media454.0K$148.5M0.2%+42.3%
COST COSTCO WHOLESALE CORPConsumer discretionary148.1K$147.6M0.2%-63.0%
GILD GILEAD SCIENCES INCHealthcare1.0M$143.9M0.2%+76.2%
AMAT APPLIED MATERIALS INCTechnology407.8K$139.4M0.2%-65.6%
GEV GE VERNOVA INCIndustrials151.7K$132.4M0.2%-42.6%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 15, 202614878$893.33B canonicalSEC ↗
Q4 202513F-HRFeb 17, 202613927$868.03B canonicalSEC ↗
Q3 202513F-HRNov 14, 202513896$874.95B canonicalSEC ↗
Q2 202513F-HRAug 14, 202514120$719.81B canonicalSEC ↗
Q1 202513F-HRMay 14, 202514161$585.86B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202513859$662.68B canonicalSEC ↗
Q3 202413F-HRNov 14, 202414014$572.47B canonicalSEC ↗
Q2 202413F-HRAug 15, 202414723$537.09B canonicalSEC ↗
Q1 202413F-HRMay 7, 202415755$575.88B canonicalSEC ↗