Susquehanna Fundamental Investments, LLC

Name: SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 13F holdings, Q2 2025
Creator: SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC
Published: 2025-08-14

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024Q2 2024Q1 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Susquehanna Fundamental Investments, LLC reported 707 stock positions worth $3.7 billion. Its top holding was Honeywell International (HON) at 1.5% of the portfolio, followed by Newmont (NEM, 1.5%) and Comfort Systems USA (FIX, 1.4%). Compared with Q1 2025, it opened 8 new positions, sold out of 354, added to 7 and reduced 563. The biggest buy was a new position in Cameco (CCJ) and the biggest sale an exit from Walmart (WMT).

Most Recent 13F: Q2 2026
Location: BALA CYNWYD, PA
CIK: 0001446179
Portfolio Value: $3.7B (Q2 2025)
SEC Filing: 0001446179-25-000006 ↗ filed Aug 14, 2025

Holdings Value

Holdings 707 stocks · $3.7B


HON Honeywell International Inc.	1.51%	241,484	$56.2M	No change
NEM Newmont Corp.	1.47%	934,990	$54.5M	No change
FIX Comfort Systems USA Inc.	1.37%	95,228	$51.1M	Reduce -1.4%
GD General Dynamics Corp.	1.34%	170,969	$49.9M	No change
CI The Cigna Group	1.28%	143,491	$47.4M	No change
MNST Monster Beverage Corp.	1.07%	635,391	$39.8M	No change
SNOW Snowflake Inc.	1.05%	175,175	$39.2M	No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS	1.04%	130,612	$38.5M	Reduce -24.1%
C Citigroup Inc.	1.03%	451,173	$38.4M	No change
DELL Dell Technologies -C	1.03%	311,895	$38.2M	Reduce -0.1%
MCK McKesson Corp.	0.98%	49,509	$36.3M	No change
PYPL PayPal Holdings Inc.	0.97%	484,838	$36.0M	Reduce -12.9%
AON Aon PLC Class A	0.94%	98,393	$35.1M	Reduce -6.7%
DG Dollar General Corp.	0.94%	304,343	$34.8M	No change
YUM Yum! Brands Inc.	0.92%	230,475	$34.2M	No change
EPD Enterprise Products Partners	0.89%	1,066,895	$33.1M	Reduce -6.8%
RY Royal Bank of Canada	0.87%	246,000	$32.4M	No change
CVS CVS Health Corp.	0.85%	458,638	$31.6M	Reduce -33.8%
JPM JPMorgan Chase & Co.	0.85%	108,900	$31.6M	Reduce -44.0%
CCJ Cameco Corp.	0.84%	421,000	$31.3M	New
IR Ingersoll-Rand Inc.	0.82%	366,526	$30.5M	Reduce -2.6%
SPOT Spotify Technology SA	0.81%	39,258	$30.1M	Reduce -15.4%
GILD Gilead Sciences Inc.	0.81%	271,671	$30.1M	No change
FCX Freeport-McMoran Inc.	0.78%	667,584	$28.9M	Reduce -22.4%
AZO AutoZone Inc.	0.77%	7,688	$28.5M	Reduce -12.8%
EQT Eqt Corp.	0.76%	485,924	$28.3M	No change
LPLA LPL Financial Holdings Inc.	0.75%	74,696	$28.0M	No change
CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM	0.72%	375,400	$26.6M	Add +127.9%
HSY The Hershey Co.	0.69%	154,022	$25.6M	No change
HCA HCA Healthcare Inc.	0.69%	66,530	$25.5M	Reduce -12.9%
AWK American Water Works Co. Inc.	0.68%	181,023	$25.2M	Reduce -16.7%
VEEV Veeva Systems Inc. Class A	0.67%	86,805	$25.0M	Reduce -39.8%
KO The Coca-Cola Co.	0.67%	351,341	$24.9M	Reduce -51.8%
FE Firstenergy Corp.	0.66%	610,872	$24.6M	Reduce -12.2%
EA Electronic Arts Inc.	0.66%	153,434	$24.5M	Reduce -42.4%
STLD Steel Dynamics Inc.	0.65%	189,938	$24.3M	Reduce -0.1%
ETN Eaton Corp. PLC	0.65%	67,904	$24.2M	No change
ADP Automatic Data Processing	0.64%	77,548	$23.9M	Reduce -35.1%
STT State Street Corp.	0.64%	222,577	$23.7M	Reduce -31.2%
EXC Exelon Corp.	0.63%	538,519	$23.4M	Reduce -17.4%
NVR NVR Inc.	0.61%	3,063	$22.6M	Reduce -14.7%
CNH CNH Industrial NV	0.61%	1,735,907	$22.5M	Reduce -13.9%
DOW Dow Inc.	0.58%	812,312	$21.5M	No change
TWLO Twilio Inc. Class A	0.58%	171,954	$21.4M	Reduce -6.1%
RKLB Rocket Lab Corp.	0.56%	586,332	$21.0M	Reduce -10.0%
LMT Lockheed Martin Corp.	0.55%	44,155	$20.4M	No change
CTAS Cintas Corp.	0.55%	91,025	$20.3M	Reduce -9.3%
MSI Motorola Solutions Inc.	0.55%	48,245	$20.3M	Reduce -34.6%
TXT Textron Inc.	0.54%	250,963	$20.1M	Reduce -6.3%
OKTA Okta Inc.	0.53%	198,738	$19.9M	No change
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.51%	153,420	$18.9M	No change
CRH CRH PLC	0.50%	203,100	$18.6M	Reduce -45.8%
NOC Northrop Grumman Corp.	0.50%	37,073	$18.5M	Reduce -26.5%
EXE Expand Energy Corp.	0.49%	156,604	$18.3M	Reduce -21.0%
ET Energy Transfer LP	0.49%	1,003,828	$18.2M	No change
BX Blackstone Inc.	0.48%	119,719	$17.9M	Reduce -50.6%
BMY Bristol-Myers Squibb Co.	0.48%	383,092	$17.7M	Reduce -47.0%
WDC Western Digital Corp.	0.48%	276,330	$17.7M	No change
WBA Walgreens Boots Alliance Inc.	0.47%	1,512,114	$17.4M	Reduce -4.5%
KIM Kimco Realty Corp.	0.46%	812,549	$17.1M	Reduce -16.6%
CHTR Charter Communications Inc. Class A	0.45%	41,333	$16.9M	Reduce -12.6%
FIVE Five Below	0.45%	128,272	$16.8M	No change
MOS The Mosaic Co.	0.45%	461,144	$16.8M	No change
COF Capital One Financial Corp.	0.44%	77,582	$16.5M	New
EW Edwards Lifesciences Corp.	0.44%	206,721	$16.2M	Reduce -18.2%
ACI Albertsons Cos Inc. Class A	0.43%	737,380	$15.9M	Reduce -7.8%
COR Cencora Inc.	0.42%	52,248	$15.7M	No change
BG Bunge Global SA	0.42%	194,174	$15.6M	Reduce -13.8%
ZM Zoom Communications Inc.	0.42%	199,309	$15.5M	Reduce -27.6%
FYBR Frontier Communications Pare	0.41%	415,815	$15.1M	Reduce -4.0%
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.40%	457,395	$14.9M	Reduce -41.3%
ITT Itt Inc.	0.39%	93,390	$14.6M	Reduce -11.5%
RNR Renaissancere Holdings Ltd.	0.39%	59,807	$14.5M	Reduce -11.3%
AMGN Amgen Inc.	0.39%	51,955	$14.5M	Reduce -62.6%
CBOE Cboe Global Markets Inc.	0.39%	61,730	$14.4M	No change
AMH American Homes 4 Rent- A	0.38%	388,684	$14.0M	Reduce -9.9%
PKG Packaging Corp. of America	0.38%	74,391	$14.0M	No change
BNTX Biontech SE-ADR	0.38%	131,522	$14.0M	Reduce -9.7%
BR Broadridge Financial Solutio	0.37%	57,248	$13.9M	Reduce -35.5%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC	0.37%	142,034	$13.7M	Reduce -1.0%
RSG Republic Services Inc.	0.36%	54,774	$13.5M	Reduce -7.8%
URBN Urban Outfitters Inc.	0.36%	186,209	$13.5M	No change
HUBB Hubbell Inc.	0.36%	33,069	$13.5M	Reduce -12.3%
BSY Bentley Systems Inc. Class B	0.36%	248,180	$13.4M	Reduce -13.3%
NTR Nutrien Ltd.	0.35%	224,800	$13.1M	Add +45.7%
DOC Healthpeak Properties Inc.	0.35%	747,460	$13.1M	No change
GS Goldman Sachs Group Inc.	0.35%	18,184	$12.9M	Reduce -11.2%
ATO Atmos Energy Corp.	0.35%	83,429	$12.9M	Reduce -6.5%
CMS CMS Energy Corp.	0.34%	182,309	$12.6M	Reduce -35.3%
WELL Welltower Inc.	0.34%	81,819	$12.6M	Reduce -32.5%
FER Ferrovial NV	0.34%	233,608	$12.5M	Add +26.5%
BCE Bce Inc.	0.33%	560,358	$12.4M	Reduce -9.6%
EXR Extra Space Storage Inc.	0.33%	83,825	$12.4M	Reduce -13.3%
NI Nisource Inc.	0.33%	301,398	$12.2M	Reduce -27.0%
TXRH Texas Roadhouse Inc.	0.32%	62,792	$11.8M	Reduce -40.0%
CAR Avis Budget Group Inc.	0.31%	69,004	$11.7M	No change
CNP Centerpoint Energy Inc.	0.31%	314,192	$11.5M	Reduce -0.3%
EXPE Expedia Group Inc.	0.31%	68,410	$11.5M	No change
MCD McDonald's Corp.	0.31%	39,467	$11.5M	Reduce -58.8%
UNM Unum Group	0.30%	138,894	$11.2M	No change

Show all 707 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $48K (not counted above)

Security	Class	Shares / Principal	Value	Change
HTZWW Hertz Global Hldgs Inc. -CW51	*W EXP 06/30/205	13,092	$48K	No change

Total filed on the 13F, all lines: $3.7B.

Portfolio Sells Q1 2025 → Q2 2025


WMT Walmart Inc.	Sold out	0.00%	−0.73
QCOM Qualcomm Inc.	Reduce -96.3%	0.04%	−0.65
MMM 3M Co.	Reduce -90.2%	0.13%	−0.64
TSLA Tesla Inc.	Sold out	0.00%	−0.61
SBUX Starbucks Corp.	Reduce -85.8%	0.16%	−0.59
GEHC GE Healthcare Technology	Reduce -89.4%	0.10%	−0.53
ISRG Intuitive Surgical Inc.	Reduce -93.8%	0.07%	−0.53
PLD Prologis Inc.	Reduce -82.2%	0.17%	−0.46
MET Metlife Inc.	Sold out	0.00%	−0.39
ODFL Old Dominion Freight Line	Sold out	0.00%	−0.38
DVN Devon Energy Corp.	Reduce -96.9%	0.02%	−0.35
CSGP Costar Group Inc.	Reduce -89.7%	0.07%	−0.34
URI United Rentals Inc.	Reduce -92.5%	0.06%	−0.34
AMGN Amgen Inc.	Reduce -62.6%	0.39%	−0.33
SRE Sempra	Sold out	0.00%	−0.33
CVX Chevron Corp.	Sold out	0.00%	−0.33
HWM Howmet Aerospace Inc.	Reduce -81.5%	0.23%	−0.31
CAH Cardinal Health Inc.	Reduce -86.3%	0.11%	−0.29
PEG Public Service Enterprise GP	Sold out	0.00%	−0.29
MSFT Microsoft Corp.	Sold out	0.00%	−0.28
CHRD Chord Energy Corp.	Sold out	0.00%	−0.28
INTC Intel Corp.	Reduce -70.4%	0.24%	−0.28
AVB Avalonbay Communities Inc.	Sold out	0.00%	−0.27
DFS Discover Financial Services	Sold out	0.00%	−0.26
AAPL Apple Inc.	Sold out	0.00%	−0.26
BMY Bristol-Myers Squibb Co.	Reduce -47.0%	0.48%	−0.26
CTVA Corteva Inc.	Reduce -91.9%	0.05%	−0.26
EQIX Equinix Inc.	Sold out	0.00%	−0.25
MSCI MSCI Inc.	Sold out	0.00%	−0.25
YUMC Yum China Holdings Inc.	Reduce -85.4%	0.06%	−0.25
TRGP Targa Resources Corp.	Reduce -90.6%	0.04%	−0.24
O Realty Income Corp.	Sold out	0.00%	−0.24
MCO Moody's Corp.	Sold out	0.00%	−0.24
VRSK Verisk Analytics Inc.	Reduce -72.2%	0.21%	−0.24
CHWY Chewy Inc. Class A	Sold out	0.00%	−0.24
KR Kroger Co.	Reduce -73.7%	0.19%	−0.24
ADSK Autodesk Inc.	Reduce -83.1%	0.10%	−0.22
KO The Coca-Cola Co.	Reduce -51.8%	0.67%	−0.20
COKE Coca-Cola Consolidated Inc.	Reduce -87.4%	0.04%	−0.20
INCY Incyte Corp.	Sold out	0.00%	−0.20
PCG P G & E Corp.	Reduce -74.8%	0.10%	−0.20
TRU Transunion	Reduce -93.2%	0.03%	−0.20
MCD McDonald's Corp.	Reduce -58.8%	0.31%	−0.19
PINS Pinterest Inc. Class A	Sold out	0.00%	−0.19
CNC Centene Corp.	Sold out	0.00%	−0.19
JEF Jefferies Financial Group Inc.	Reduce -88.3%	0.04%	−0.18
FNF Fidelity National Financial	Sold out	0.00%	−0.18
LII Lennox International Inc.	Sold out	0.00%	−0.18
VLO Valero Energy Corp.	Sold out	0.00%	−0.18
STX Seagate Technology Holdings	Reduce -82.3%	0.16%	−0.18

Portfolio Buys Q1 2025 → Q2 2025


CCJ Cameco Corp.	New	0.84%	+0.84
CM Can Imperial BK of Commerce	Add +127.9%	0.72%	+0.56
COF Capital One Financial Corp.	New	0.44%	+0.44
NTR Nutrien Ltd.	Add +45.7%	0.35%	+0.22
FER Ferrovial NV	Add +26.5%	0.34%	+0.20
QGEN Qiagen N.V.	Add +512.5%	0.19%	+0.17
AEM Agnico Eagle Mines Ltd.	New	0.15%	+0.15
HBM Hudbay Minerals Inc.	Add +1299.2%	0.10%	+0.10
PEGA Pegasystems Inc.	Add +81.5%	0.15%	+0.08
IMO Imperial Oil Ltd.	New	0.06%	+0.06
ALC Alcon Inc.	Add +155.4%	0.06%	+0.05
LSPD Lightspeed Commerce Inc.	New	0.03%	+0.03
VET Vermilion Energy Inc.	New	0.01%	+0.01
CTEV Claritev Corp.	New	0.01%	+0.01
GEF Greif Inc. Class A	New	0.01%	+0.01

Options Activity Q1 2025 → Q2 2025


V Visa Inc. Class A	call	Sold out	3,400,000	$1.2Bbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	735	$5.3B	GE, V, UBER, ADP, WM
Q1 2026	466	$2.7B	MSFT, ADBE, V, NOW, ADP
Q4 2025	548	$2.9B	CRM, GD, ADP, C, CTAS
Q3 2025	549	$2.6B	NEM, GD, HON, CM, C
Q2 2025	707	$3.7B	HON, NEM, FIX, GD, CI
Q1 2025	1,053	$6.0B	KO, HON, JPM, CI, CVS
Q4 2024	1,062	$6.0B	JPM, TSLA, PM, PYPL, WMT
Q2 2024	918	$4.3B	JPM, WMT, ADBE, CRWD, PM
Q1 2024	664	$2.1B	CVS, BA, PFE, PM, JPM