Susquehanna Fundamental Investments, LLC Investment Portfolio — 13F Data

CIK: 0001446179

Diversified strategyHigh-turnover traderSector-focused

Total reported value

$2.7B

Reporting period: 2026-03-31 · Number of holdings: 468

SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC disclosed 468 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.7B and a quarterly turnover rate of 112.2%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 3.78
Portfolio Stability: 100
Momentum/Contrarian: 18.7
Sector conviction: 88.09
Diversification: 100
Sizing Uniformity: 81.49

Susquehanna Fundamental Investments, LLC's disclosed holdings carry a Herfindahl concentration index of 0.009 — mathematically equivalent to about 106 equally-sized positions, well below its 468 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 1.85), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Add TFC
+2533.8%　$50.6M
Add MCO
+927.2%　$50.1M
Add TDG
+1163.0%　$46.2M
Add UBER
+740.1%　$41.9M
Add ADSK
+8125.2%　$34.6M
Trim CTAS
-68.7%　-$36.3M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 468 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	MSFT	Microsoft CORP	Stock-Tech	2.30%	+2.30%	NEW
2	ADBE	Adobe INC	Stock-Tech	2.28%	—	+79.37%
3	V	Visa Inc-class A Shares	Stock-Financials	2.26%	+2.26%	NEW
4	NOW	Servicenow INC	Stock-Tech	2.15%	+2.15%	NEW
5	ADP	Automatic Data Processing	Stock-Tech	2.13%	—	+29.63%
6	MCO	Moody's CORP	Stock-Financials	2.12%	+1.90%	+927.15%
7	CME	Cme Group INC	Stock-Financials	2.09%	—	+4.37%
8	TFC	Truist Financial CORP	Stock-Financials	1.98%	+1.91%	+2533.76%
9	FAST	Fastenal Co	Stock-Industrials	1.91%	+0.78%	+33.16%
10	TDG	Transdigm Group INC	Stock-Industrials	1.91%	+1.75%	+1163.05%
11	CM	Can Imperial Bk Of Commerce	Stock-Financials	1.85%	—	+4.50%
12	UBER	Uber Technologies INC	Stock-Industrials	1.81%	+1.59%	+740.13%
13	CCJ	Cameco CORP	Stock-Energy	1.67%	—	—
14	PCAR	Paccar INC	Stock-Industrials	1.61%	—	+2.83%
15	MET	Metlife INC	Stock-Financials	1.37%	+1.37%	NEW
16	ADSK	Autodesk INC	Stock-Tech	1.32%	+1.30%	+8125.22%
17	CB	Chubb Limited	Stock-Financials	1.28%	—	-2.63%
18	TT	Trane Technologies plc	Stock-Industrials	1.25%	+0.75%	+110.91%
19	KEY	Keycorp	Stock-Financials	1.17%	+1.17%	NEW
20	VLTO	Veralto CORP	Stock-Industrials	1.14%	+1.05%	+1240.49%
21	WM	Waste Management INC	Stock-Industrials	1.11%	—	+54.40%
22	CNH	CNH Industrial N.V.	Stock-Industrials	1.04%	+1.04%	NEW
23	MSI	Motorola Solutions INC	Stock-Tech	1.03%	—	-35.71%
24	IR	Ingersoll-rand INC	Stock-Industrials	1.03%	—	+29.07%
25	XYZ	Block INC	Stock-Financials	1.00%	+1.00%	NEW
26	ARM	Arm Holdings Plc-adr	Stock-Tech	0.93%	+0.93%	NEW
27	PYPL	Paypal Holdings INC	Stock-Financials	0.93%	—	-11.90%
28	LII	Lennox International INC	Stock-Industrials	0.87%	—	-8.40%
29	AON	Aon plc	Stock-Financials	0.87%	—	+187.39%
30	GWRE	Guidewire Software INC	Stock-Tech	0.86%	+0.86%	NEW
31	CNQ	Canadian Natural Resources	Stock-Energy	0.85%	+0.85%	NEW
32	EXPD	Expeditors Intl Wash INC	Stock-Industrials	0.81%	—	—
33	GDDY	Godaddy INC - Class A	Stock-Tech	0.80%	+0.80%	NEW
34	RY	Royal Bank Of Canada	Stock-Financials	0.80%	—	+20.39%
35	SU	Suncor Energy INC	Stock-Energy	0.76%	—	+45.52%
36	WAB	Wabtec CORP	Stock-Industrials	0.76%	—	-23.92%
37	STLD	Steel Dynamics INC	Stock-Materials	0.67%	—	-47.41%
38	TRU	Transunion	Stock-Financials	0.67%	—	+44.35%
39	VRSN	Verisign INC	Stock-Tech	0.65%	—	-44.07%
40	OC	Owens Corning	Stock-Industrials	0.65%	+0.65%	NEW
41	PAYX	Paychex INC	Stock-Tech	0.64%	-0.97%	-55.93%
42	IOT	Samsara Inc-cl A	Stock-Tech	0.64%	+0.64%	NEW
43	GE	General Electric	Stock-Industrials	0.63%	+0.63%	NEW
44	DT	Dynatrace INC	Stock-Tech	0.62%	—	+302.75%
45	NTNX	Nutanix INC - A	Stock-Tech	0.60%	—	—
46	GNRC	Generac Holdings INC	Stock-Industrials	0.56%	—	+12.48%
47	OMF	Onemain Holdings INC	Stock-Financials	0.55%	—	+15.96%
48	AL	Air Lease CORP	Stock-Other	0.54%	—	+4.59%
49	TOST	Toast Inc-class A	Stock-Tech	0.54%	—	—
50	CTAS	Cintas CORP	Stock-Industrials	0.53%	-1.19%	-68.67%

1–50 of 200

Portfolio Performance

Performance for Q3 2026

+4%

Performance Last 4 Quarters

+23.6%

Based on 69% of reported portfolio value with available pricing

Stdev: +15.3%
Beta: +0.92
Alpha: -5.1%
Max Drawdown: -10.2%
Annualized Perf: +11.2%
Batting Avg vs S&P: +36.1%
Sortino: +1.35
Stutzer: +0.23
Treynor: +0.13
Sterling: +0.63
Calmar: +1.1
Information Ratio: -0.69
Tracking Error: +9.6%
Stdev Down: +8.7%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +28%
Worst 12 Months: -5.4%
Efficiency Ratio: +0.3
Sharpe: +0.77
Stdev Sectors: +13.6%
Skewness: +0.21
Kurtosis: +0.73
Upside Potential: +3.04

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	468	$2.7B	100	1MSFT 2ADBE 3V Top holdings2026-03-31 1.MSFT 2.ADBE 3.V 4.NOW 5.ADP 6.MCO 7.CME 8.TFC 9.FAST 10.TDG
2025-12-31	549	$2.9B	86	1CRM 2GD 3ADP Top holdings2025-12-31 1.CRM 2.GD 3.ADP 4.C 5.CTAS 6.MRSH 7.CME 8.ADBE 9.MNST 10.PAYX
2025-09-30	550	$2.6B	100	1NEM 2GD 3HON Top holdings2025-09-30 1.NEM 2.GD 3.HON 4.CM 5.C 6.CRM 7.DELL 8.MNST 9.SNOW 10.MCK
2025-06-30	708	$3.7B	0	1HON 2NEM 3FIX Top holdings2025-06-30 1.HON 2.NEM 3.FIX 4.GD 5.CI 6.MNST 7.SNOW 8.IBM 9.C 10.DELL
2025-03-31	1055	$7.2B	100	1V 2KO 3HON Top holdings2025-03-31 1.V 2.KO 3.HON 4.JPM 5.CI 6.CVS 7.GD 8.MMM 9.NEM 10.SBUX
2024-12-31	1064	$7.0B	0	1V 2JPM 3TSLA Top holdings2024-12-31 1.V 2.JPM 3.TSLA 4.PM 5.PYPL 6.WMT 7.BMY 8.SBUX 9.BNY 10.FIX
2024-06-30	919	$4.3B	0	1JPM 2WMT 3ADBE Top holdings2024-06-30 1.JPM 2.WMT 3.ADBE 4.CRWD 5.PM 6.BMY 7.CHRD 8.CVS 9.PCAR 10.PFE
2024-03-31	665	$2.1B	0	1CVS 2BA 3PFE Top holdings2024-03-31 1.CVS 2.BA 3.PFE 4.PM 5.JPM 6.C 7.USB 8.PEP 9.DVN 10.OXY
2023-12-31	65	$98.8M	0	1UBER 2WDAY 3FERG Top holdings2023-12-31 1.UBER 2.WDAY 3.FERG 4.AKX 5.MELI 6.EXK 7.GT 8.AZEK 9.PVH 10.VEEV
2023-09-30	357	$1.5B	0	1PDD 2ADBE 3UBER Top holdings2023-09-30 1.PDD 2.ADBE 3.UBER 4.NVDA 5.V 6.SHOP 7.ASML 8.GOOG 9.FERG 10.URI
2023-06-30	634	$2.7B	0	1LIN 2ADBE 3UBER Top holdings2023-06-30 1.LIN 2.ADBE 3.UBER 4.V 5.NVDA 6.PDD 7.SLB 8.C 9.ASML 10.ITW
2023-03-31	939	$4.3B	0	1V 2SBUX 3LIN Top holdings2023-03-31 1.V 2.SBUX 3.LIN 4.DE 5.PDD 6.VZ 7.GS 8.ADBE 9.OVV 10.FERG
2022-12-31	1166	$5.8B	0	1V 2SBUX 3PDD Top holdings2022-12-31 1.V 2.SBUX 3.PDD 4.OVV 5.DE 6.LIN 7.VZ 8.DHR 9.GS 10.C
2022-09-30	1426	$5.9B	0	1AAPL 2OVV 3SPGI Top holdings2022-09-30 1.AAPL 2.OVV 3.SPGI 4.SBUX 5.COST 6.LIN 7.LOW 8.DE 9.UNP 10.MO
2022-03-31	1517	$5.1B	0	1LIN 2T 3ATVIEUR Top holdings2022-03-31 1.LIN 2.T 3.ATVIEUR 4.PM 5.CVX 6.NSC 7.AAPL 8.GE 9.LOW 10.BP
2021-12-31	1398	$3.8B	0	1LIN 2T 3META Top holdings2021-12-31 1.LIN 2.T 3.META 4.CNC 5.SBAC 6.LOW 7.CME 8.DECK 9.GIS 10.SF
2021-09-30	1677	$5.4B	0	1T 2LIN 3DELL Top holdings2021-09-30 1.T 2.LIN 3.DELL 4.META 5.DECK 6.LAD 7.NOC 8.GD 9.BDX 10.SBAC
2021-06-30	1640	$5.5B	100	1LIN 2DELL 3META Top holdings2021-06-30 1.LIN 2.DELL 3.META 4.TMUS 5.DECK 6.LAD 7.PM 8.MCO 9.NOC 10.CNC
2021-03-31	1516	$5.8B	47	1TMUS 2KO 3DELL Top holdings2021-03-31 1.TMUS 2.KO 3.DELL 4.MCK 5.PM 6.D 7.BIDU 8.MCO 9.MO 10.ADP
2020-12-31	1471	$5.5B	73	1TMUS 2KO 3DELL Top holdings2020-12-31 1.TMUS 2.KO 3.DELL 4.NIO 5.BIDU 6.MCK 7.HON 8.CARR 9.SLB 10.PM
2020-09-30	1348	$3.4B	61	1TMUS 2KO 3EBAY Top holdings2020-09-30 1.TMUS 2.KO 3.EBAY 4.MCK 5.HON 6.CARR 7.BAC 8.PG 9.AMED 10.SBUX
2020-06-30	959	$2.1B	100	1TMUS 2KO 3EBAY Top holdings2020-06-30 1.TMUS 2.KO 3.EBAY 4.MCK 5.T 6.HON 7.LLY 8.CARR 9.PG 10.KMB
2020-03-31	299	$501.9M	100	1JNJ 2LLY 3CLX Top holdings2020-03-31 1.JNJ 2.LLY 3.CLX 4.CL 5.FE 6.PG 7.SRE 8.VZ 9.DOW 10.NVO
2019-12-31	310	$763.8M	51	1JNJ 2AAPL 3TSN Top holdings2019-12-31 1.JNJ 2.AAPL 3.TSN 4.COF 5.MPC 6.PSX 7.MDT 8.CAG 9.ETN 10.SYY
2019-09-30	316	$819.5M	49	1JNJ 2AAPL 3CVX Top holdings2019-09-30 1.JNJ 2.AAPL 3.CVX 4.TSN 5.HD 6.DRI 7.MDT 8.PSX 9.COF 10.OMC
2019-06-30	345	$858.8M	57	1JNJ 2AAPL 3APC3EUR Top holdings2019-06-30 1.JNJ 2.AAPL 3.APC3EUR 4.DRI 5.TSN 6.OXY 7.COF 8.HD 9.MDT 10.SYF
2019-03-31	369	$875.8M	98	1AAPL 2ETR 3AES Top holdings2019-03-31 1.AAPL 2.ETR 3.AES 4.DRI 5.TSN 6.HD 7.COF 8.APC3EUR 9.ETN 10.PSX
2018-12-31	308	$571.4M	86	1IBM 2ETR 3MPC Top holdings2018-12-31 1.IBM 2.ETR 3.MPC 4.AES 5.IP 6.CF 7.MS 8.FE 9.C 10.EXC
2018-09-30	345	$589.5M	63	1IBM 2PRU 3CF Top holdings2018-09-30 1.IBM 2.PRU 3.CF 4.AES 5.ETR 6.MS 7.M 8.FE 9.EXC 10.TEVA
2018-06-30	376	$674.4M	97	1VLO 2OXY 3TEVA Top holdings2018-06-30 1.VLO 2.OXY 3.TEVA 4.AES 5.M 6.ETR 7.STX 8.ALLY 9.FE 10.KDP
2018-03-31	437	$842.5M	0	1VLO 2MPC 3PCG Top holdings2018-03-31 1.VLO 2.MPC 3.PCG 4.LBEUR 5.EIX 6.WU 7.HPQ 8.KMB 9.STX 10.M

Holding changes this quarter

Susquehanna Fundamental Investments, LLC's most significant position changes for 2026-03-31: New buy: Microsoft CORP (MSFT); New buy: Visa Inc-class A Shares (V); Sold out: Salesforce INC (CRM); Sold out: General Dynamics CORP (GD); New buy: Servicenow INC (NOW).

Position changes disclosed by Susquehanna Fundamental Investments, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TFC	Truist Financial CORP	+1.9%	+2533.76%	Add
2	MCO	Moody's CORP	+1.9%	+927.15%	Add
3	TDG	Transdigm Group INC	+1.8%	+1163.05%	Add
4	UBER	Uber Technologies INC	+1.6%	+740.13%	Add
5	ADSK	Autodesk INC	+1.3%	+8125.22%	Add
6	VLTO	Veralto CORP	+1.1%	+1240.49%	Add
7	FAST	Fastenal Co	+0.8%	+33.16%	Add
8	TT	Trane Technologies plc	+0.8%	+110.91%	Add
9	HSY	Hershey Co/the	-0.5%	-75.71%	Trim
10	TXT	Textron INC	-0.6%	-79.30%	Trim
11	STT	State Street CORP	-0.7%	-74.53%	Trim
12	BX	Blackstone INC	-0.7%	-66.22%	Trim
13	PAYX	Paychex INC	-1%	-55.93%	Trim
14	CTAS	Cintas CORP	-1.2%	-68.67%	Trim
15	MSFT	Microsoft CORP	—	NEW	New buy
16	V	Visa Inc-class A Shares	—	NEW	New buy
17	CRM	Salesforce INC	—	EXIT	Sold out
18	GD	General Dynamics CORP	—	EXIT	Sold out
19	NOW	Servicenow INC	—	NEW	New buy
20	C	Citigroup INC	—	EXIT	Sold out
21	MRSH	Marsh & Mclennan Cos	—	EXIT	Sold out
22	MNST	Monster Beverage CORP	—	EXIT	Sold out
23	DELL	Dell Technologies -c	—	EXIT	Sold out
24	MET	Metlife INC	—	NEW	New buy
25	FCX	Freeport-mcmoran INC	—	EXIT	Sold out
26	NDAQ	Nasdaq INC	—	EXIT	Sold out
27	EA	Electronic Arts INC	—	EXIT	Sold out
28	KEY	Keycorp	—	NEW	New buy
29	HCA	Hca Healthcare INC	—	EXIT	Sold out
30	CNH	CNH Industrial N.V.	—	NEW	New buy
31	XYZ	Block INC	—	NEW	New buy
32	BA	Boeing Co/the	—	EXIT	Sold out
33	WDAY	Workday Inc-class A	—	EXIT	Sold out
34	DG	Dollar General CORP	—	EXIT	Sold out
35	ARM	Arm Holdings Plc-adr	—	NEW	New buy
36	SSNC	Ss&c Technologies Holdings	—	EXIT	Sold out
37	FE	Firstenergy CORP	—	EXIT	Sold out
38	GWRE	Guidewire Software INC	—	NEW	New buy
39	CNQ	Canadian Natural Resources	—	NEW	New buy
40	GDDY	Godaddy INC - Class A	—	NEW	New buy
41	LMT	Lockheed Martin CORP	—	EXIT	Sold out
42	YUM	Yum! Brands INC	—	EXIT	Sold out
43	NEM	Newmont CORP	—	EXIT	Sold out
44	COF	Capital One Financial CORP	—	EXIT	Sold out
45	AWK	American Water Works Co INC	—	EXIT	Sold out
46	WDC	Western Digital CORP	—	EXIT	Sold out
47	NVR	Nvr INC	—	EXIT	Sold out
48	OC	Owens Corning	—	NEW	New buy
49	IOT	Samsara Inc-cl A	—	NEW	New buy
50	GE	General Electric	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-14	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-06-30	2024-08-15	13F-HR	View on EDGAR
2024-03-31	2024-05-07	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-11	13F-HR	View on EDGAR
2023-03-31	2023-05-16	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-11	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-16	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-11-14	Amendment	View on EDGAR
2019-06-30	2019-08-16	Amendment	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR
2018-09-30	2018-11-14	13F-HR	View on EDGAR
2018-06-30	2018-08-14	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR

FAQ

What is Susquehanna Fundamental Investments, LLC and what type of investor is it?

Susquehanna Fundamental Investments, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $2.7B, spread across 468 disclosed positions.

What are Susquehanna Fundamental Investments, LLC's largest equity positions?

Based on the latest 13F filing, Susquehanna Fundamental Investments, LLC's top holdings by market value are: 1. Microsoft CORP (MSFT) — $61.2M (2.3%) 2. Adobe INC (ADBE) — $60.9M (2.3%) 3. Visa Inc-class A Shares (V) — $60.4M (2.3%) 4. Servicenow INC (NOW) — $57.5M (2.1%) 5. Automatic Data Processing (ADP) — $56.7M (2.1%)

What changes did Susquehanna Fundamental Investments, LLC make in its most recent portfolio filing?

In the latest reported quarter, Susquehanna Fundamental Investments, LLC made 50 notable position adjustments: 14 new positions were initiated, 8 existing holdings were added to, 6 positions were partially reduced, and 22 were completely exited. The largest of these moves: New buy: Microsoft CORP (MSFT); New buy: Visa Inc-class A Shares (V); Sold out: Salesforce INC (CRM); Sold out: General Dynamics CORP (GD); New buy: Servicenow INC (NOW)

What sectors does Susquehanna Fundamental Investments, LLC focus on?

Susquehanna Fundamental Investments, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 36.3% • Industrials: 28.7% • Information Technology: 27.8% • Energy: 4.1% • Materials: 2.2% • Consumer Discretionary: 0.5%

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Susquehanna Fundamental Investments, LLC Investment Portfolio — 13F Data

CIK: 0001446179

Diversified strategyHigh-turnover traderSector-focused

Total reported value

$2.7B

Reporting period: 2026-03-31 · Number of holdings: 468

SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC disclosed 468 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.7B and a quarterly turnover rate of 112.2%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "S"

Personality snowflake

Concentration: 3.78
Portfolio Stability: 100
Momentum/Contrarian: 18.7
Sector conviction: 88.09
Diversification: 100
Sizing Uniformity: 81.49

Position sizes vary widely across the portfolio (a coefficient of variation of 1.85), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Add TFC
+2533.8%　$50.6M
Add MCO
+927.2%　$50.1M
Add TDG
+1163.0%　$46.2M
Add UBER
+740.1%　$41.9M
Add ADSK
+8125.2%　$34.6M
Trim CTAS
-68.7%　-$36.3M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 468 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	MSFT	Microsoft CORP	Stock-Tech	2.30%	+2.30%	NEW
2	ADBE	Adobe INC	Stock-Tech	2.28%	—	+79.37%
3	V	Visa Inc-class A Shares	Stock-Financials	2.26%	+2.26%	NEW
4	NOW	Servicenow INC	Stock-Tech	2.15%	+2.15%	NEW
5	ADP	Automatic Data Processing	Stock-Tech	2.13%	—	+29.63%
6	MCO	Moody's CORP	Stock-Financials	2.12%	+1.90%	+927.15%
7	CME	Cme Group INC	Stock-Financials	2.09%	—	+4.37%
8	TFC	Truist Financial CORP	Stock-Financials	1.98%	+1.91%	+2533.76%
9	FAST	Fastenal Co	Stock-Industrials	1.91%	+0.78%	+33.16%
10	TDG	Transdigm Group INC	Stock-Industrials	1.91%	+1.75%	+1163.05%
11	CM	Can Imperial Bk Of Commerce	Stock-Financials	1.85%	—	+4.50%
12	UBER	Uber Technologies INC	Stock-Industrials	1.81%	+1.59%	+740.13%
13	CCJ	Cameco CORP	Stock-Energy	1.67%	—	—
14	PCAR	Paccar INC	Stock-Industrials	1.61%	—	+2.83%
15	MET	Metlife INC	Stock-Financials	1.37%	+1.37%	NEW
16	ADSK	Autodesk INC	Stock-Tech	1.32%	+1.30%	+8125.22%
17	CB	Chubb Limited	Stock-Financials	1.28%	—	-2.63%
18	TT	Trane Technologies plc	Stock-Industrials	1.25%	+0.75%	+110.91%
19	KEY	Keycorp	Stock-Financials	1.17%	+1.17%	NEW
20	VLTO	Veralto CORP	Stock-Industrials	1.14%	+1.05%	+1240.49%
21	WM	Waste Management INC	Stock-Industrials	1.11%	—	+54.40%
22	CNH	CNH Industrial N.V.	Stock-Industrials	1.04%	+1.04%	NEW
23	MSI	Motorola Solutions INC	Stock-Tech	1.03%	—	-35.71%
24	IR	Ingersoll-rand INC	Stock-Industrials	1.03%	—	+29.07%
25	XYZ	Block INC	Stock-Financials	1.00%	+1.00%	NEW
26	ARM	Arm Holdings Plc-adr	Stock-Tech	0.93%	+0.93%	NEW
27	PYPL	Paypal Holdings INC	Stock-Financials	0.93%	—	-11.90%
28	LII	Lennox International INC	Stock-Industrials	0.87%	—	-8.40%
29	AON	Aon plc	Stock-Financials	0.87%	—	+187.39%
30	GWRE	Guidewire Software INC	Stock-Tech	0.86%	+0.86%	NEW
31	CNQ	Canadian Natural Resources	Stock-Energy	0.85%	+0.85%	NEW
32	EXPD	Expeditors Intl Wash INC	Stock-Industrials	0.81%	—	—
33	GDDY	Godaddy INC - Class A	Stock-Tech	0.80%	+0.80%	NEW
34	RY	Royal Bank Of Canada	Stock-Financials	0.80%	—	+20.39%
35	SU	Suncor Energy INC	Stock-Energy	0.76%	—	+45.52%
36	WAB	Wabtec CORP	Stock-Industrials	0.76%	—	-23.92%
37	STLD	Steel Dynamics INC	Stock-Materials	0.67%	—	-47.41%
38	TRU	Transunion	Stock-Financials	0.67%	—	+44.35%
39	VRSN	Verisign INC	Stock-Tech	0.65%	—	-44.07%
40	OC	Owens Corning	Stock-Industrials	0.65%	+0.65%	NEW
41	PAYX	Paychex INC	Stock-Tech	0.64%	-0.97%	-55.93%
42	IOT	Samsara Inc-cl A	Stock-Tech	0.64%	+0.64%	NEW
43	GE	General Electric	Stock-Industrials	0.63%	+0.63%	NEW
44	DT	Dynatrace INC	Stock-Tech	0.62%	—	+302.75%
45	NTNX	Nutanix INC - A	Stock-Tech	0.60%	—	—
46	GNRC	Generac Holdings INC	Stock-Industrials	0.56%	—	+12.48%
47	OMF	Onemain Holdings INC	Stock-Financials	0.55%	—	+15.96%
48	AL	Air Lease CORP	Stock-Other	0.54%	—	+4.59%
49	TOST	Toast Inc-class A	Stock-Tech	0.54%	—	—
50	CTAS	Cintas CORP	Stock-Industrials	0.53%	-1.19%	-68.67%

1–50 of 200

Portfolio Performance

Performance for Q3 2026

+4%

Performance Last 4 Quarters

+23.6%

Based on 69% of reported portfolio value with available pricing

Stdev: +15.3%
Beta: +0.92
Alpha: -5.1%
Max Drawdown: -10.2%
Annualized Perf: +11.2%
Batting Avg vs S&P: +36.1%
Sortino: +1.35
Stutzer: +0.23
Treynor: +0.13
Sterling: +0.63
Calmar: +1.1
Information Ratio: -0.69
Tracking Error: +9.6%
Stdev Down: +8.7%
Winning Months %: +58.3%
Losing Months %: +41.7%
Best 12 Months: +28%
Worst 12 Months: -5.4%
Efficiency Ratio: +0.3
Sharpe: +0.77
Stdev Sectors: +13.6%
Skewness: +0.21
Kurtosis: +0.73
Upside Potential: +3.04

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	468	$2.7B	100	1MSFT 2ADBE 3V Top holdings2026-03-31 1.MSFT 2.ADBE 3.V 4.NOW 5.ADP 6.MCO 7.CME 8.TFC 9.FAST 10.TDG
2025-12-31	549	$2.9B	86	1CRM 2GD 3ADP Top holdings2025-12-31 1.CRM 2.GD 3.ADP 4.C 5.CTAS 6.MRSH 7.CME 8.ADBE 9.MNST 10.PAYX
2025-09-30	550	$2.6B	100	1NEM 2GD 3HON Top holdings2025-09-30 1.NEM 2.GD 3.HON 4.CM 5.C 6.CRM 7.DELL 8.MNST 9.SNOW 10.MCK
2025-06-30	708	$3.7B	0	1HON 2NEM 3FIX Top holdings2025-06-30 1.HON 2.NEM 3.FIX 4.GD 5.CI 6.MNST 7.SNOW 8.IBM 9.C 10.DELL
2025-03-31	1055	$7.2B	100	1V 2KO 3HON Top holdings2025-03-31 1.V 2.KO 3.HON 4.JPM 5.CI 6.CVS 7.GD 8.MMM 9.NEM 10.SBUX
2024-12-31	1064	$7.0B	0	1V 2JPM 3TSLA Top holdings2024-12-31 1.V 2.JPM 3.TSLA 4.PM 5.PYPL 6.WMT 7.BMY 8.SBUX 9.BNY 10.FIX
2024-06-30	919	$4.3B	0	1JPM 2WMT 3ADBE Top holdings2024-06-30 1.JPM 2.WMT 3.ADBE 4.CRWD 5.PM 6.BMY 7.CHRD 8.CVS 9.PCAR 10.PFE
2024-03-31	665	$2.1B	0	1CVS 2BA 3PFE Top holdings2024-03-31 1.CVS 2.BA 3.PFE 4.PM 5.JPM 6.C 7.USB 8.PEP 9.DVN 10.OXY
2023-12-31	65	$98.8M	0	1UBER 2WDAY 3FERG Top holdings2023-12-31 1.UBER 2.WDAY 3.FERG 4.AKX 5.MELI 6.EXK 7.GT 8.AZEK 9.PVH 10.VEEV
2023-09-30	357	$1.5B	0	1PDD 2ADBE 3UBER Top holdings2023-09-30 1.PDD 2.ADBE 3.UBER 4.NVDA 5.V 6.SHOP 7.ASML 8.GOOG 9.FERG 10.URI
2023-06-30	634	$2.7B	0	1LIN 2ADBE 3UBER Top holdings2023-06-30 1.LIN 2.ADBE 3.UBER 4.V 5.NVDA 6.PDD 7.SLB 8.C 9.ASML 10.ITW
2023-03-31	939	$4.3B	0	1V 2SBUX 3LIN Top holdings2023-03-31 1.V 2.SBUX 3.LIN 4.DE 5.PDD 6.VZ 7.GS 8.ADBE 9.OVV 10.FERG
2022-12-31	1166	$5.8B	0	1V 2SBUX 3PDD Top holdings2022-12-31 1.V 2.SBUX 3.PDD 4.OVV 5.DE 6.LIN 7.VZ 8.DHR 9.GS 10.C
2022-09-30	1426	$5.9B	0	1AAPL 2OVV 3SPGI Top holdings2022-09-30 1.AAPL 2.OVV 3.SPGI 4.SBUX 5.COST 6.LIN 7.LOW 8.DE 9.UNP 10.MO
2022-03-31	1517	$5.1B	0	1LIN 2T 3ATVIEUR Top holdings2022-03-31 1.LIN 2.T 3.ATVIEUR 4.PM 5.CVX 6.NSC 7.AAPL 8.GE 9.LOW 10.BP
2021-12-31	1398	$3.8B	0	1LIN 2T 3META Top holdings2021-12-31 1.LIN 2.T 3.META 4.CNC 5.SBAC 6.LOW 7.CME 8.DECK 9.GIS 10.SF
2021-09-30	1677	$5.4B	0	1T 2LIN 3DELL Top holdings2021-09-30 1.T 2.LIN 3.DELL 4.META 5.DECK 6.LAD 7.NOC 8.GD 9.BDX 10.SBAC
2021-06-30	1640	$5.5B	100	1LIN 2DELL 3META Top holdings2021-06-30 1.LIN 2.DELL 3.META 4.TMUS 5.DECK 6.LAD 7.PM 8.MCO 9.NOC 10.CNC
2021-03-31	1516	$5.8B	47	1TMUS 2KO 3DELL Top holdings2021-03-31 1.TMUS 2.KO 3.DELL 4.MCK 5.PM 6.D 7.BIDU 8.MCO 9.MO 10.ADP
2020-12-31	1471	$5.5B	73	1TMUS 2KO 3DELL Top holdings2020-12-31 1.TMUS 2.KO 3.DELL 4.NIO 5.BIDU 6.MCK 7.HON 8.CARR 9.SLB 10.PM
2020-09-30	1348	$3.4B	61	1TMUS 2KO 3EBAY Top holdings2020-09-30 1.TMUS 2.KO 3.EBAY 4.MCK 5.HON 6.CARR 7.BAC 8.PG 9.AMED 10.SBUX
2020-06-30	959	$2.1B	100	1TMUS 2KO 3EBAY Top holdings2020-06-30 1.TMUS 2.KO 3.EBAY 4.MCK 5.T 6.HON 7.LLY 8.CARR 9.PG 10.KMB
2020-03-31	299	$501.9M	100	1JNJ 2LLY 3CLX Top holdings2020-03-31 1.JNJ 2.LLY 3.CLX 4.CL 5.FE 6.PG 7.SRE 8.VZ 9.DOW 10.NVO
2019-12-31	310	$763.8M	51	1JNJ 2AAPL 3TSN Top holdings2019-12-31 1.JNJ 2.AAPL 3.TSN 4.COF 5.MPC 6.PSX 7.MDT 8.CAG 9.ETN 10.SYY
2019-09-30	316	$819.5M	49	1JNJ 2AAPL 3CVX Top holdings2019-09-30 1.JNJ 2.AAPL 3.CVX 4.TSN 5.HD 6.DRI 7.MDT 8.PSX 9.COF 10.OMC
2019-06-30	345	$858.8M	57	1JNJ 2AAPL 3APC3EUR Top holdings2019-06-30 1.JNJ 2.AAPL 3.APC3EUR 4.DRI 5.TSN 6.OXY 7.COF 8.HD 9.MDT 10.SYF
2019-03-31	369	$875.8M	98	1AAPL 2ETR 3AES Top holdings2019-03-31 1.AAPL 2.ETR 3.AES 4.DRI 5.TSN 6.HD 7.COF 8.APC3EUR 9.ETN 10.PSX
2018-12-31	308	$571.4M	86	1IBM 2ETR 3MPC Top holdings2018-12-31 1.IBM 2.ETR 3.MPC 4.AES 5.IP 6.CF 7.MS 8.FE 9.C 10.EXC
2018-09-30	345	$589.5M	63	1IBM 2PRU 3CF Top holdings2018-09-30 1.IBM 2.PRU 3.CF 4.AES 5.ETR 6.MS 7.M 8.FE 9.EXC 10.TEVA
2018-06-30	376	$674.4M	97	1VLO 2OXY 3TEVA Top holdings2018-06-30 1.VLO 2.OXY 3.TEVA 4.AES 5.M 6.ETR 7.STX 8.ALLY 9.FE 10.KDP
2018-03-31	437	$842.5M	0	1VLO 2MPC 3PCG Top holdings2018-03-31 1.VLO 2.MPC 3.PCG 4.LBEUR 5.EIX 6.WU 7.HPQ 8.KMB 9.STX 10.M

Holding changes this quarter

Position changes disclosed by Susquehanna Fundamental Investments, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	TFC	Truist Financial CORP	+1.9%	+2533.76%	Add
2	MCO	Moody's CORP	+1.9%	+927.15%	Add
3	TDG	Transdigm Group INC	+1.8%	+1163.05%	Add
4	UBER	Uber Technologies INC	+1.6%	+740.13%	Add
5	ADSK	Autodesk INC	+1.3%	+8125.22%	Add
6	VLTO	Veralto CORP	+1.1%	+1240.49%	Add
7	FAST	Fastenal Co	+0.8%	+33.16%	Add
8	TT	Trane Technologies plc	+0.8%	+110.91%	Add
9	HSY	Hershey Co/the	-0.5%	-75.71%	Trim
10	TXT	Textron INC	-0.6%	-79.30%	Trim
11	STT	State Street CORP	-0.7%	-74.53%	Trim
12	BX	Blackstone INC	-0.7%	-66.22%	Trim
13	PAYX	Paychex INC	-1%	-55.93%	Trim
14	CTAS	Cintas CORP	-1.2%	-68.67%	Trim
15	MSFT	Microsoft CORP	—	NEW	New buy
16	V	Visa Inc-class A Shares	—	NEW	New buy
17	CRM	Salesforce INC	—	EXIT	Sold out
18	GD	General Dynamics CORP	—	EXIT	Sold out
19	NOW	Servicenow INC	—	NEW	New buy
20	C	Citigroup INC	—	EXIT	Sold out
21	MRSH	Marsh & Mclennan Cos	—	EXIT	Sold out
22	MNST	Monster Beverage CORP	—	EXIT	Sold out
23	DELL	Dell Technologies -c	—	EXIT	Sold out
24	MET	Metlife INC	—	NEW	New buy
25	FCX	Freeport-mcmoran INC	—	EXIT	Sold out
26	NDAQ	Nasdaq INC	—	EXIT	Sold out
27	EA	Electronic Arts INC	—	EXIT	Sold out
28	KEY	Keycorp	—	NEW	New buy
29	HCA	Hca Healthcare INC	—	EXIT	Sold out
30	CNH	CNH Industrial N.V.	—	NEW	New buy
31	XYZ	Block INC	—	NEW	New buy
32	BA	Boeing Co/the	—	EXIT	Sold out
33	WDAY	Workday Inc-class A	—	EXIT	Sold out
34	DG	Dollar General CORP	—	EXIT	Sold out
35	ARM	Arm Holdings Plc-adr	—	NEW	New buy
36	SSNC	Ss&c Technologies Holdings	—	EXIT	Sold out
37	FE	Firstenergy CORP	—	EXIT	Sold out
38	GWRE	Guidewire Software INC	—	NEW	New buy
39	CNQ	Canadian Natural Resources	—	NEW	New buy
40	GDDY	Godaddy INC - Class A	—	NEW	New buy
41	LMT	Lockheed Martin CORP	—	EXIT	Sold out
42	YUM	Yum! Brands INC	—	EXIT	Sold out
43	NEM	Newmont CORP	—	EXIT	Sold out
44	COF	Capital One Financial CORP	—	EXIT	Sold out
45	AWK	American Water Works Co INC	—	EXIT	Sold out
46	WDC	Western Digital CORP	—	EXIT	Sold out
47	NVR	Nvr INC	—	EXIT	Sold out
48	OC	Owens Corning	—	NEW	New buy
49	IOT	Samsara Inc-cl A	—	NEW	New buy
50	GE	General Electric	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-14	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-06-30	2024-08-15	13F-HR	View on EDGAR
2024-03-31	2024-05-07	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-11	13F-HR	View on EDGAR
2023-03-31	2023-05-16	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-11	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-16	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-11-14	Amendment	View on EDGAR
2019-06-30	2019-08-16	Amendment	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR
2018-09-30	2018-11-14	13F-HR	View on EDGAR
2018-06-30	2018-08-14	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR