SUSQUEHANNA INTERNATIONAL GROUP, LLP
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 51 quarters, returned +1.9% per quarter — versus +2.0% per quarter from simply owning every 13F stock. It beat that baseline in only 47.1% of quarters (excess t = -0.44, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry after the actual SEC deadline plus a 2-day buffer
Top 20 holdings of 6469 · 2026 Q2
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| SPY | $10.9B | | ADD +37% |
| QQQ | $4.3B | | TRIM −31% |
| NVDA | $4.2B | | ADD ×2.4 |
| MU | $3.3B | | TRIM −22% |
| MSFT | $3.0B | | ADD +70% |
| TSM | $2.4B | | ADD +27% |
| GOOG | $2.1B | | ADD ×2.2 |
| AMZN | $1.9B | | ADD ×2.3 |
| AAPL | $1.9B | | ADD +67% |
| AVGO | $1.8B | | ADD ×2.0 |
| META | $1.7B | | ADD ×2.3 |
| TSLA | $1.5B | | TRIM −26% |
| IWM | $1.5B | | ADD +14% |
| SOXX | $1.5B | | ADD +61% |
| GOOGL | $1.4B | | ADD +28% |
| AMD | $1.1B | | TRIM −54% |
| INTC | $1.0B | | ADD +13% |
| SMH | $1.0B | | ADD ×3.4 |
| PLTR | $897M | | ADD ×5.1 |
| IVV | $835M | | ADD +51% |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q2
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry is the first trading session after the actual SEC filing deadline plus a 2-day buffer. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.