SI
Susquehanna International Group, LLP 13F Filings & AI Analysis
Susquehanna International Group, LLPDiversified strategySector-focused
Total reported value
$893.3B
Reporting period: 2026-03-31 · Number of holdings: 14878
SUSQUEHANNA INTERNATIONAL GROUP, LLP disclosed 14878 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $893.3B and a quarterly turnover rate of 30.7%.
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Personality snowflake
- Concentration
- 11.63
- Portfolio Stability
- 30.65
- Momentum/Contrarian
- 64.56
- Sector conviction
- 65.46
- Diversification
- 100
- Sizing Uniformity
- 0
Recent moves
Add SPY
+67.9% $46.5B
Trim TSLA
-5.5% -$8.5B
Trim META
-16.4% -$6.9B
Add MU
+49.4% $6.6B
Add SNDK
+221.2% $5.4B
Trim NVDA
-5.5% -$4.2B
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
Susquehanna is rotating capital from mega-cap momentum names into broad market ETFs and semiconductor cyclicals. The huge add to SPY and QQQ, combined with trims in TSLA, META, and AAPL, telegraphs a bet on market breadth and a shift from concentration risk to factor diversification. This is a tactical repositioning that maintains high tech exposure but swaps the vehicle.
Macro & Fundamentals
Susquehanna is pricing in a regime of broadening growth where value-cyclical tech (semiconductors) and the broader market catch up to mega-cap leaders. The opposing thesis is that earnings concentration in a few names persists, making this rotation premature and dilutive to alpha.
Blind Spots / Risks
The massive SPY and QQQ positions create a hidden concentration in market beta, compounding the already heavy tech sector overweight. With 40% in Information Technology and now 19% combined in SPY and QQQ, the portfolio is effectively double-loaded on a single macro factor — if a growth scare materializes, this correlation structure amplifies losses far beyond what the 6,848 holdings suggest.
This narrative is produced by AI from publicly available filings and describes past activity only — it is informational, not investment advice.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 6848 holdings (of 14878 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 13.87% | +4.96% | +67.91% | |
| 2 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 5.31% | +0.37% | +17.80% | |
| 3 | NVDA | Nvidia CORP | Stock-Tech | 3.57% | -0.59% | -5.52% | |
| 4 | TSLA | Tesla INC | Stock-Consumer Disc | 3.39% | -1.08% | -5.53% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 2.18% | +0.43% | +67.72% | |
| 6 | GLD | Spdr Gold Shares | ETF-Commodities | 2.17% | +0.21% | +5.12% | |
| 7 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.02% | -0.86% | -16.44% | |
| 8 | AAPL | Apple INC | Stock-Tech | 1.81% | -0.57% | -16.16% | |
| 9 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 1.73% | — | +4.46% | |
| 10 | MU | Micron Technology INC | Stock-Tech | 1.71% | +0.71% | +49.37% | |
| 11 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 1.41% | +0.29% | +16.33% | |
| 12 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.27% | -0.43% | -16.08% | |
| 13 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.27% | -0.34% | -9.91% | |
| 14 | AMD | Advanced Micro Devices | Stock-Tech | 1.10% | — | +13.99% | |
| 15 | NFLX | Netflix INC | Stock-Comm Services | 1.06% | +0.08% | +8.24% | |
| 16 | AVGO | Broadcom INC | Stock-Tech | 1.04% | -0.25% | -7.44% | |
| 17 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.94% | -0.19% | -6.09% | |
| 18 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.90% | -0.29% | -5.18% | |
| 19 | GS | Goldman Sachs Group INC | Stock-Financials | 0.80% | — | +7.53% | |
| 20 | SMH | Vaneck Semiconductor ETF | ETF-Other | 0.80% | +0.27% | +44.97% | |
| 21 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.76% | -0.35% | -14.29% | |
| 22 | TLT | Ishares 20+ Year Treasury Bd | ETF-Gov Bonds | 0.74% | — | -6.15% | |
| 23 | ORCL | Oracle CORP | Stock-Tech | 0.74% | — | +25.71% | |
| 24 | SLV | Ishares Silver Trust | ETF-Commodities | 0.70% | — | -8.38% | |
| 25 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.70% | -0.28% | -14.19% | |
| 26 | SNDK | Sandisk CORP | Stock-Tech | 0.69% | +0.61% | +221.23% | |
| 27 | ASML | ASML Holding N.V. | Stock-Tech | 0.51% | +0.11% | +5.05% | |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.51% | -0.11% | -12.28% | |
| 29 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 0.51% | -0.26% | -13.95% | |
| 30 | INTC | Intel CORP | Stock-Tech | 0.50% | — | -10.35% | |
| 31 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.49% | -0.14% | -30.97% | |
| 32 | BA | Boeing Co/the | Stock-Industrials | 0.48% | — | -4.31% | |
| 33 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.48% | — | -0.94% | |
| 34 | XLE | Ss Energy Select Sector | ETF-Other | 0.47% | +0.19% | +26.13% | |
| 35 | MSTR | Strategy INC | Stock-Tech | 0.45% | — | +35.74% | |
| 36 | XOM | Exxon Mobil CORP | Stock-Energy | 0.43% | +0.22% | +47.82% | |
| 37 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.42% | +0.12% | +37.95% | |
| 38 | GEV | GE Vernova INC | Stock-Industrials | 0.42% | +0.12% | +8.15% | |
| 39 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 0.41% | +0.14% | +56.56% | |
| 40 | GDX | Vaneck Gold Miners ETF | ETF-Commodities | 0.40% | — | -21.90% | |
| 41 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.40% | — | +20.05% | |
| 42 | USO | United States Oil Fund LP | ETF-Other | 0.40% | +0.33% | +236.19% | |
| 43 | WMT | Walmart INC | Stock-Consumer Staples | 0.40% | +0.12% | +32.46% | |
| 44 | CRWD | Crowdstrike Holdings INC - A | Stock-Tech | 0.39% | — | +10.03% | |
| 45 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.38% | -0.24% | -26.18% | |
| 46 | LITE | Lumentum Holdings INC | Stock-Tech | 0.38% | +0.28% | +98.53% | |
| 47 | DIA | Ss Spdr Dow Jones Indus Avg | ETF-Large Cap & Growth | 0.37% | — | -11.80% | |
| 48 | COIN | Coinbase Global INC -class A | Stock-Financials | 0.36% | -0.15% | -5.08% | |
| 49 | C | Citigroup INC | Stock-Financials | 0.35% | — | -3.16% | |
| 50 | ADBE | Adobe INC | Stock-Tech | 0.34% | — | +46.17% |
1–50 of 6,848
Portfolio Performance
Performance for Q3 2026
+2.5%
Performance Last 4 Quarters
+21.5%
Based on 81% of reported portfolio value with available pricing
- Stdev
- +31.7%
- Beta
- -0.41
- Alpha
- +1.2%
- Max Drawdown
- -65.3%
- Annualized Perf
- -11%
- Batting Avg vs S&P
- +52.8%
- Sortino
- -0.25
- Stutzer
- -0.06
- Treynor
- +0.16
- Sterling
- -0.3
- Calmar
- -0.17
- Information Ratio
- -0.69
- Tracking Error
- +36.3%
- Stdev Down
- +25.3%
- Winning Months %
- +55.6%
- Losing Months %
- +44.4%
- Best 12 Months
- +43.6%
- Worst 12 Months
- -64.1%
- Efficiency Ratio
- +0.12
- Sharpe
- -0.2
- Stdev Sectors
- +10.8%
- Skewness
- -0.84
- Kurtosis
- +1.12
- Upside Potential
- +1.46
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 14878 | $893.3B | 31 | |
| 2025-12-31 | 13927 | $868.0B | 23 | |
| 2025-09-30 | 13896 | $874.9B | 42 | |
| 2025-06-30 | 14120 | $719.8B | 0 | |
| 2025-03-31 | 14161 | $585.9B | 100 | |
| 2024-12-31 | 13859 | $662.7B | 0 | |
| 2024-09-30 | 14014 | $572.5B | 0 | |
| 2024-06-30 | 14723 | $537.1B | 0 | |
| 2024-03-31 | 15755 | $575.9B | 0 | |
| 2023-12-31 | 16174 | $525.3B | 0 | |
| 2023-09-30 | 16478 | $480.5B | 0 | |
| 2023-06-30 | 16317 | $491.8B | 0 | |
| 2023-03-31 | 16288 | $470.2B | 0 | |
| 2022-12-31 | 15264 | $395.4B | 0 | |
| 2022-09-30 | 16001 | $386.9B | 0 | |
| 2022-06-30 | 15271 | $404.3B | 0 | |
| 2022-03-31 | 15687 | $578.3B | 0 | |
| 2021-12-31 | 16365 | $666.9B | 0 | |
| 2021-09-30 | 15793 | $745.5B | 0 | |
| 2021-06-30 | 15595 | $711.6B | 94 | |
| 2021-03-31 | 15273 | $634.0B | 26 | |
| 2020-12-31 | 13963 | $612.3B | 26 | |
| 2020-09-30 | 13093 | $522.2B | 33 | |
| 2020-06-30 | 12015 | $414.7B | 36 | |
| 2020-03-31 | 11928 | $314.3B | 33 | |
| 2019-12-31 | 11321 | $347.4B | 26 | |
| 2019-09-30 | 11807 | $298.4B | 23 | |
| 2019-06-30 | 11958 | $275.2B | 28 | |
| 2019-03-31 | 10005 | $243.3B | 31 | |
| 2018-12-31 | 10209 | $251.7B | 30 | |
| 2018-09-30 | 10303 | $303.7B | 23 | |
| 2018-06-30 | 10713 | $291.3B | 33 | |
| 2018-03-31 | 10235 | $280.6B | 33 | |
| 2017-12-31 | 10370 | $283.4B | 100 | |
| 2017-09-30 | 9111 | $219.2B | 0 | |
| 2017-06-30 | 10222 | $227.6B | 28 | |
| 2017-03-31 | 9728 | $197.7B | 26 | |
| 2016-12-31 | 10481 | $197.0B | 30 | |
| 2016-09-30 | 8878 | $207.1B | 29 | |
| 2016-06-30 | 9077 | $186.5B | 26 | |
| 2016-03-31 | 10908 | $187.9B | 33 | |
| 2015-12-31 | 11596 | $216.5B | 35 | |
| 2015-09-30 | 11680 | $231.3B | 26 | |
| 2015-06-30 | 12241 | $235.3B | 26 | |
| 2015-03-31 | 11396 | $220.4B | 29 | |
| 2014-12-31 | 12249 | $252.0B | 26 | |
| 2014-09-30 | 12258 | $259.8B | 27 | |
| 2014-06-30 | 14497 | $231.8B | 30 | |
| 2014-03-31 | 12498 | $215.8B | 28 | |
| 2013-12-31 | 13085 | $216.6B | 31 | |
| 2013-09-30 | 12481 | $188.6B | 37 | |
| 2013-06-30 | 12325 | $175.7B | 0 |
Holding changes this quarter
Susquehanna International Group, LLP's most significant position changes for 2026-03-31: Add: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares +67.91%; Trim: Tesla INC (TSLA) — shares -5.53%; Trim: Meta Platforms Inc-class A (META) — shares -16.44%; Add: Micron Technology INC (MU) — shares +49.37%; Add: Sandisk CORP (SNDK) — shares +221.23%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +5% | +67.91% | Add |
| 2 | MU | Micron Technology INC | +0.7% | +49.37% | Add |
| 3 | SNDK | Sandisk CORP | +0.6% | +221.23% | Add |
| 4 | MSFT | Microsoft CORP | +0.4% | +67.72% | Add |
| 5 | QQQ | Invesco Qqq Trust Series 1 | +0.4% | +17.80% | Add |
| 6 | USO | United States Oil Fund LP | +0.3% | +236.19% | Add |
| 7 | TSM | Taiwan Semiconductor-sp Adr | +0.3% | +16.33% | Add |
| 8 | LITE | Lumentum Holdings INC | +0.3% | +98.53% | Add |
| 9 | SMH | Vaneck Semiconductor ETF | +0.3% | +44.97% | Add |
| 10 | XOM | Exxon Mobil CORP | +0.2% | +47.82% | Add |
| 11 | GLD | Spdr Gold Shares | +0.2% | +5.12% | Add |
| 12 | XLE | Ss Energy Select Sector | +0.2% | +26.13% | Add |
| 13 | IGV | Ishares Expanded Tech-softwa | +0.2% | +1907.84% | Add |
| 14 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.1% | +56.56% | Add |
| 15 | XOP | Ss Spdr S&p Og Exp & Prod | +0.1% | +127.92% | Add |
| 16 | CVX | Chevron CORP | +0.1% | +45.18% | Add |
| 17 | WDC | Western Digital CORP | +0.1% | +19.05% | Add |
| 18 | VOO | Vanguard S&p 500 ETF | +0.1% | +171.66% | Add |
| 19 | WMT | Walmart INC | +0.1% | +32.46% | Add |
| 20 | GEV | GE Vernova INC | +0.1% | +8.15% | Add |
| 21 | EEM | Ishares Msci Emerging Market | +0.1% | +37.95% | Add |
| 22 | ASML | ASML Holding N.V. | +0.1% | +5.05% | Add |
| 23 | XLP | Ss Consumer Staples Sel Sect | +0.1% | +120.89% | Add |
| 24 | AMAT | Applied Materials INC | +0.1% | +15.81% | Add |
| 25 | EWY | Ishares Msci South Korea ETF | +0.1% | +229.49% | Add |
| 26 | NFLX | Netflix INC | +0.1% | +8.24% | Add |
| 27 | RDDT | Reddit Inc-cl A | -0.1% | -1.14% | Trim |
| 28 | NEM | Newmont CORP | -0.1% | -46.21% | Trim |
| 29 | PEP | Pepsico INC | -0.1% | -54.55% | Trim |
| 30 | LULU | Lululemon Athletica INC | -0.1% | -18.01% | Trim |
| 31 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -12.28% | Trim |
| 32 | COST | Costco Wholesale CORP | -0.1% | -30.97% | Trim |
| 33 | COIN | Coinbase Global INC -class A | -0.2% | -5.08% | Trim |
| 34 | CVNA | Carvana Co | -0.2% | -13.61% | Trim |
| 35 | GOOG | Alphabet Inc-cl C | -0.2% | -6.09% | Trim |
| 36 | FSLR | First Solar INC | -0.2% | -26.66% | Trim |
| 37 | BABA | Alibaba Group Holding-sp Adr | -0.2% | -26.18% | Trim |
| 38 | AVGO | Broadcom INC | -0.3% | -7.44% | Trim |
| 39 | BKNG | Booking Holdings INC | -0.3% | -13.95% | Trim |
| 40 | LLY | Eli Lilly & Co | -0.3% | -14.19% | Trim |
| 41 | UNH | Unitedhealth Group INC | -0.3% | -5.18% | Trim |
| 42 | HOOD | Robinhood Markets INC - A | -0.3% | -23.49% | Trim |
| 43 | AMZN | Amazon.com INC | -0.3% | -9.91% | Trim |
| 44 | APP | Applovin Corp-class A | -0.4% | -14.16% | Trim |
| 45 | PLTR | Palantir Technologies Inc-a | -0.4% | -14.29% | Trim |
| 46 | GOOGL | Alphabet Inc-cl A | -0.4% | -16.08% | Trim |
| 47 | AAPL | Apple INC | -0.6% | -16.16% | Trim |
| 48 | NVDA | Nvidia CORP | -0.6% | -5.52% | Trim |
| 49 | META | Meta Platforms Inc-class A | -0.9% | -16.44% | Trim |
| 50 | TSLA | Tesla INC | -1.1% | -5.53% | Trim |
FAQ
What is Susquehanna International Group, LLP and what type of investor is it?
Susquehanna International Group, LLP is a 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 $893.3B, spread across 14878 disclosed positions.
What are Susquehanna International Group, LLP's largest equity positions?
Based on the latest 13F filing, Susquehanna International Group, LLP's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $123.9B (13.9%)
2. Invesco Qqq Trust Series 1 (QQQ) — $47.5B (5.3%)
3. Nvidia CORP (NVDA) — $31.9B (3.6%)
4. Tesla INC (TSLA) — $30.3B (3.4%)
5. Microsoft CORP (MSFT) — $19.5B (2.2%)
What changes did Susquehanna International Group, LLP make in its most recent portfolio filing?
In the latest reported quarter, Susquehanna International Group, LLP made 50 notable position adjustments: 0 new positions were initiated, 26 existing holdings were added to, 24 positions were partially reduced, and 0 were completely exited. The largest of these moves: Add: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares +67.91%; Trim: Tesla INC (TSLA) — shares -5.53%; Trim: Meta Platforms Inc-class A (META) — shares -16.44%; Add: Micron Technology INC (MU) — shares +49.37%; Add: Sandisk CORP (SNDK) — shares +221.23%
What sectors does Susquehanna International Group, LLP focus on?
Susquehanna International Group, LLP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 40.3%
• Consumer Discretionary: 15.1%
• Communication Services: 10.8%
• Financials: 9.4%
• Health Care: 7.1%
• Industrials: 6.9%
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