Susquehanna Fundamental Investments, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Susquehanna Fundamental Investments, LLC reported 548 stock positions worth $2.9 billion. Its top holding was Salesforce (CRM) at 2.1% of the portfolio, followed by General Dynamics (GD, 2.0%) and Automatic Data Processing (ADP, 1.9%). Compared with Q3 2025, it opened 167 new positions, sold out of 168, added to 119 and reduced 142. The biggest buy was Automatic Data Processing (ADP, shares +3004%) and the biggest sale Newmont (NEM, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- BALA CYNWYD, PA
- CIK
- 0001446179
- Portfolio Value
- $2.9B (Q4 2025)
- SEC Filing
- 0001446179-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 548 stocks · $2.9B
| CRM Salesforce Inc. | 2.05% | 227,380 | $60.2M | Add +20.9% |
| GD General Dynamics Corp. | 1.96% | 170,969 | $57.6M | No change |
| ADP Automatic Data Processing | 1.89% | 215,443 | $55.4M | Add +3003.9% |
| C Citigroup Inc. | 1.78% | 448,773 | $52.4M | No change |
| CTAS Cintas Corp. | 1.72% | 268,914 | $50.6M | New |
| MRSH Marsh & McLennan Cos | 1.69% | 267,704 | $49.7M | New |
| CME Cme Group Inc. | 1.69% | 181,270 | $49.5M | New |
| ADBE Adobe Inc. | 1.67% | 139,777 | $48.9M | New |
| MNST Monster Beverage Corp. | 1.66% | 635,391 | $48.7M | No change |
| PAYX Paychex Inc. | 1.61% | 422,117 | $47.4M | New |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BANK OF CO | 1.54% | 499,500 | $45.3M | Reduce -13.3% |
| PCAR Paccar Inc. | 1.35% | 360,705 | $39.5M | Add +824.1% |
| DELL Dell Technologies -C | 1.34% | 311,895 | $39.3M | No change |
| MSI Motorola Solutions Inc. | 1.29% | 98,811 | $37.9M | Add +149.9% |
| CCJ Cameco Corp. | 1.28% | 411,400 | $37.6M | No change |
| PYPL PayPal Holdings Inc. | 1.24% | 623,966 | $36.4M | New |
| FCX Freeport-McMoran Inc. | 1.16% | 667,584 | $33.9M | No change |
| CB Chubb Ltd. | 1.14% | 107,355 | $33.5M | Add +53.2% |
| FAST Fastenal Co. | 1.13% | 823,797 | $33.1M | New |
| STLD Steel Dynamics Inc. | 1.10% | 189,938 | $32.2M | No change |
| NDAQ Nasdaq Inc. | 1.09% | 330,438 | $32.1M | Add +458.8% |
| EA Electronic Arts Inc. | 1.07% | 153,434 | $31.4M | No change |
| HCA HCA Healthcare Inc. | 1.06% | 66,530 | $31.1M | No change |
| VRSN Verisign Inc. | 1.04% | 125,220 | $30.4M | New |
| BX Blackstone Inc. | 0.96% | 181,916 | $28.0M | New |
| STT State Street Corp. | 0.95% | 217,133 | $28.0M | Add +4.4% |
| LII Lennox International Inc. | 0.91% | 54,794 | $26.6M | New |
| BA The Boeing Co. | 0.88% | 118,748 | $25.8M | New |
| WDAY Workday Inc. Class A | 0.87% | 119,405 | $25.6M | Add +509.5% |
| DG Dollar General Corp. | 0.86% | 189,713 | $25.2M | Reduce -37.7% |
| SSNC Ss&c Technologies Holdings | 0.84% | 282,928 | $24.7M | Add +696.8% |
| FE Firstenergy Corp. | 0.80% | 522,446 | $23.4M | Reduce -6.6% |
| HSY The Hershey Co. | 0.78% | 126,379 | $23.0M | Reduce -14.7% |
| WAB Wabtec Corp. | 0.77% | 106,165 | $22.7M | Add +199.2% |
| EXPD Expeditors Intl Wash Inc. | 0.77% | 150,828 | $22.5M | New |
| TXT Textron Inc. | 0.75% | 250,963 | $21.9M | No change |
| LMT Lockheed Martin Corp. | 0.72% | 43,854 | $21.2M | No change |
| YUM Yum! Brands Inc. | 0.72% | 140,126 | $21.2M | Reduce -39.2% |
| IR Ingersoll-Rand Inc. | 0.71% | 264,441 | $20.9M | Add +55.5% |
| NEM Newmont Corp. | 0.71% | 207,839 | $20.8M | Reduce -77.8% |
| COF Capital One Financial Corp. | 0.64% | 77,582 | $18.8M | No change |
| AWK American Water Works Co. Inc. | 0.64% | 142,942 | $18.7M | Reduce -18.4% |
| RY Royal Bank of Canada | 0.63% | 108,900 | $18.6M | Add +44.2% |
| WM Waste Management Inc. | 0.63% | 83,726 | $18.4M | Reduce -36.3% |
| WDC Western Digital Corp. | 0.62% | 105,654 | $18.2M | No change |
| NVR NVR Inc. | 0.60% | 2,397 | $17.5M | Reduce -21.5% |
| OMF Onemain Holdings Inc. | 0.55% | 238,653 | $16.1M | Add +1328.6% |
| DBX Dropbox Inc. Class A | 0.54% | 570,905 | $15.9M | Add +223.8% |
| COR Cencora Inc. | 0.53% | 46,051 | $15.6M | Reduce -11.9% |
| TRU Transunion | 0.52% | 179,077 | $15.4M | Add +1559.8% |
| FCNCA First Citizens Bcshs Class A | 0.52% | 7,140 | $15.3M | Add +242.1% |
| TT Trane Technologies PLC | 0.50% | 38,041 | $14.8M | Add +1008.7% |
| CBOE Cboe Global Markets Inc. | 0.50% | 58,030 | $14.6M | No change |
| ITT Itt Inc. | 0.49% | 83,510 | $14.5M | Reduce -8.2% |
| GIB Cgi Inc. | 0.49% | 155,300 | $14.3M | Add +145.7% |
| FYBR Frontier Communications Pare | 0.48% | 371,844 | $14.2M | Reduce -5.0% |
| RNR Renaissancere Holdings Ltd. | 0.47% | 49,235 | $13.8M | Add +51.5% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.47% | 212,586 | $13.7M | Add +90.3% |
| ATO Atmos Energy Corp. | 0.46% | 80,229 | $13.4M | No change |
| PTC PTC Inc. | 0.42% | 71,312 | $12.4M | Add +692.4% |
| INTU Intuit Inc. | 0.42% | 18,612 | $12.3M | New |
| AXP American Express Co. | 0.42% | 33,317 | $12.3M | No change |
| HUBB Hubbell Inc. | 0.41% | 27,327 | $12.1M | No change |
| BSY Bentley Systems Inc. Class B | 0.41% | 313,092 | $11.9M | Add +15.2% |
| GTLS Chart Industries Inc. | 0.40% | 56,766 | $11.7M | New |
| STX Seagate Technology Holdings | 0.40% | 42,398 | $11.7M | No change |
| ETN Eaton Corp. PLC | 0.39% | 36,050 | $11.5M | No change |
| B Barrick Mining Corp. | 0.38% | 259,100 | $11.3M | Add +95.7% |
| MNDY Monday.com Ltd. | 0.38% | 75,757 | $11.2M | New |
| HUBS HubSpot Inc. | 0.36% | 26,313 | $10.6M | New |
| LNT Alliant Energy Corp. | 0.35% | 158,422 | $10.3M | No change |
| ACGL Arch Capital Group Ltd. | 0.35% | 107,217 | $10.3M | Add +474.7% |
| EWBC East West Bancorp Inc. | 0.34% | 89,685 | $10.1M | New |
| AMGN Amgen Inc. | 0.34% | 30,566 | $10.0M | No change |
| TRV The Travelers Cos Inc. | 0.34% | 34,320 | $10.0M | Add +116.7% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 0.33% | 133,615 | $9.6M | Add +218.9% |
| BILL Bill Holdings Inc. | 0.33% | 175,625 | $9.6M | New |
| MFC Manulife Financial Corp. | 0.32% | 262,500 | $9.5M | Add +159.9% |
| RYAN Ryan Specialty Holdings Inc. | 0.32% | 184,304 | $9.5M | New |
| QRVO Qorvo Inc. | 0.32% | 112,450 | $9.5M | No change |
| ATI Ati Inc. | 0.32% | 82,786 | $9.5M | Add +13.9% |
| DCI Donaldson Co. Inc. | 0.32% | 105,470 | $9.4M | Add +258.6% |
| PKG Packaging Corp. of America | 0.32% | 45,283 | $9.3M | Reduce -39.1% |
| VTR Ventas Inc. | 0.32% | 120,655 | $9.3M | Reduce -0.1% |
| SU Suncor Energy Inc. | 0.32% | 210,000 | $9.3M | Add +40.2% |
| AEM Agnico Eagle Mines Ltd. | 0.32% | 54,900 | $9.3M | Add +46.0% |
| SBRA Sabra Health Care REIT Inc. | 0.32% | 489,749 | $9.3M | No change |
| JHG Janus Henderson Group PLC | 0.32% | 194,396 | $9.2M | Add +172.0% |
| NI Nisource Inc. | 0.32% | 221,332 | $9.2M | Reduce -11.1% |
| WYNN WYNN Resorts Ltd. | 0.31% | 76,724 | $9.2M | No change |
| AZO AutoZone Inc. | 0.31% | 2,721 | $9.2M | Reduce -53.5% |
| GNRC Generac Holdings Inc. | 0.31% | 67,565 | $9.2M | New |
| AES AES Corp. | 0.31% | 638,261 | $9.2M | No change |
| AON Aon PLC Class A | 0.30% | 24,892 | $8.8M | Add +72.1% |
| OHI Omega Healthcare Investors | 0.29% | 192,085 | $8.5M | No change |
| HBM Hudbay Minerals Inc. | 0.29% | 422,600 | $8.4M | No change |
| SAIA Saia Inc. | 0.28% | 25,513 | $8.3M | Add +76.7% |
| EG Everest Group Ltd. | 0.27% | 23,475 | $8.0M | New |
| RLI Rli Corp. | 0.27% | 124,005 | $7.9M | Add +351.0% |
| UMBF Umb Financial Corp. | 0.27% | 68,740 | $7.9M | Reduce -3.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $35K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HTZWW Hertz Global Hldgs Inc. -CW51 | *W EXP 06/30/205 | 13,092 | $35K | No change |
Total filed on the 13F, all lines: $2.9B.
Portfolio Sells Q3 2025 → Q4 2025
| NEM Newmont Corp. | Reduce -77.8% | 0.71% | −2.37 |
| HON Honeywell International Inc. | Sold out | 0.00% | −2.00 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −1.54 |
| MCK McKesson Corp. | Reduce -98.0% | 0.03% | −1.35 |
| CVS CVS Health Corp. | Reduce -93.2% | 0.08% | −1.26 |
| EXC Exelon Corp. | Sold out | 0.00% | −0.90 |
| KO The Coca-Cola Co. | Reduce -96.4% | 0.03% | −0.78 |
| CNH CNH Industrial NV | Sold out | 0.00% | −0.72 |
| AZO AutoZone Inc. | Reduce -53.5% | 0.31% | −0.67 |
| YUM Yum! Brands Inc. | Reduce -39.2% | 0.72% | −0.65 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.64 |
| RSG Republic Services Inc. | Reduce -72.0% | 0.18% | −0.63 |
| MOS The Mosaic Co. | Reduce -96.0% | 0.01% | −0.61 |
| LPLA LPL Financial Holdings Inc. | Reduce -91.6% | 0.05% | −0.61 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −0.58 |
| OKTA Okta Inc. | Reduce -76.2% | 0.14% | −0.57 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.53 |
| YMM Full Truck Alliance -SPN ADR | Sold out | 0.00% | −0.52 |
| URBN Urban Outfitters Inc. | Sold out | 0.00% | −0.52 |
| WM Waste Management Inc. | Reduce -36.3% | 0.63% | −0.51 |
| BR Broadridge Financial Solutio | Reduce -89.0% | 0.05% | −0.48 |
| EXR Extra Space Storage Inc. | Sold out | 0.00% | −0.46 |
| DOC Healthpeak Properties Inc. | Sold out | 0.00% | −0.42 |
| XEL Xcel Energy Inc. | Sold out | 0.00% | −0.39 |
| DG Dollar General Corp. | Reduce -37.7% | 0.86% | −0.37 |
| NVR NVR Inc. | Reduce -21.5% | 0.60% | −0.36 |
| KIM Kimco Realty Corp. | Sold out | 0.00% | −0.36 |
| BCE Bce Inc. | Reduce -71.2% | 0.12% | −0.36 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −0.34 |
| AWK American Water Works Co. Inc. | Reduce -18.4% | 0.64% | −0.32 |
| PKG Packaging Corp. of America | Reduce -39.1% | 0.32% | −0.32 |
| ACI Albertsons Cos Inc. Class A | Sold out | 0.00% | −0.31 |
| RJF Raymond James Financial Inc. | Sold out | 0.00% | −0.31 |
| HSY The Hershey Co. | Reduce -14.7% | 0.78% | −0.30 |
| ALV Autoliv Inc. | Reduce -79.6% | 0.06% | −0.28 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.28 |
| DOW Dow Inc. | Sold out | 0.00% | −0.28 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −0.27 |
| OPCH Option Care Health Inc. | Reduce -87.6% | 0.04% | −0.27 |
| CM Can Imperial BK of Commerce | Reduce -13.3% | 1.54% | −0.26 |
| EFX Equifax Inc. | Sold out | 0.00% | −0.26 |
| ENSG The Ensign Group Inc. | Reduce -80.7% | 0.05% | −0.25 |
| CNP Centerpoint Energy Inc. | Reduce -44.6% | 0.23% | −0.25 |
| PLNT Planet Fitness Inc. Class A | Sold out | 0.00% | −0.25 |
| GLPI Gaming and Leisure Propertie | Sold out | 0.00% | −0.24 |
| UBER Uber Technologies Inc. | Reduce -33.6% | 0.22% | −0.24 |
| MA Mastercard Inc. Class A | Sold out | 0.00% | −0.23 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.23 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −0.23 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.22 |
Portfolio Buys Q3 2025 → Q4 2025
| ADP Automatic Data Processing | Add +3003.9% | 1.89% | +1.81 |
| CTAS Cintas Corp. | New | 1.72% | +1.72 |
| MRSH Marsh & McLennan Cos | New | 1.69% | +1.69 |
| CME Cme Group Inc. | New | 1.69% | +1.69 |
| ADBE Adobe Inc. | New | 1.67% | +1.67 |
| PAYX Paychex Inc. | New | 1.61% | +1.61 |
| PYPL PayPal Holdings Inc. | New | 1.24% | +1.24 |
| PCAR Paccar Inc. | Add +824.1% | 1.35% | +1.20 |
| FAST Fastenal Co. | New | 1.13% | +1.13 |
| VRSN Verisign Inc. | New | 1.04% | +1.04 |
| BX Blackstone Inc. | New | 0.96% | +0.96 |
| LII Lennox International Inc. | New | 0.91% | +0.91 |
| NDAQ Nasdaq Inc. | Add +458.8% | 1.09% | +0.89 |
| BA The Boeing Co. | New | 0.88% | +0.88 |
| EXPD Expeditors Intl Wash Inc. | New | 0.77% | +0.77 |
| SSNC Ss&c Technologies Holdings | Add +696.8% | 0.84% | +0.72 |
| WDAY Workday Inc. Class A | Add +509.5% | 0.87% | +0.69 |
| MSI Motorola Solutions Inc. | Add +149.9% | 1.29% | +0.58 |
| OMF Onemain Holdings Inc. | Add +1328.6% | 0.55% | +0.51 |
| WAB Wabtec Corp. | Add +199.2% | 0.77% | +0.49 |
| TRU Transunion | Add +1559.8% | 0.52% | +0.49 |
| TT Trane Technologies PLC | Add +1008.7% | 0.50% | +0.45 |
| INTU Intuit Inc. | New | 0.42% | +0.42 |
| GTLS Chart Industries Inc. | New | 0.40% | +0.40 |
| MNDY Monday.com Ltd. | New | 0.38% | +0.38 |
| FCNCA First Citizens Bcshs Class A | Add +242.1% | 0.52% | +0.38 |
| CB Chubb Ltd. | Add +53.2% | 1.14% | +0.37 |
| HUBS HubSpot Inc. | New | 0.36% | +0.36 |
| PTC PTC Inc. | Add +692.4% | 0.42% | +0.35 |
| EWBC East West Bancorp Inc. | New | 0.34% | +0.34 |
| DBX Dropbox Inc. Class A | Add +223.8% | 0.54% | +0.33 |
| BILL Bill Holdings Inc. | New | 0.33% | +0.33 |
| RYAN Ryan Specialty Holdings Inc. | New | 0.32% | +0.32 |
| GNRC Generac Holdings Inc. | New | 0.31% | +0.31 |
| CRM Salesforce Inc. | Add +20.9% | 2.05% | +0.31 |
| ACGL Arch Capital Group Ltd. | Add +474.7% | 0.35% | +0.28 |
| EG Everest Group Ltd. | New | 0.27% | +0.27 |
| GIB Cgi Inc. | Add +145.7% | 0.49% | +0.27 |
| TEAM Atlassian Corp. Class A | New | 0.27% | +0.27 |
| TTE Totalenergies SE | New | 0.26% | +0.26 |
| DOCU Docusign Inc. | New | 0.25% | +0.25 |
| HLNE Hamilton Lane Inc. Class A | New | 0.25% | +0.25 |
| RGA Reinsurance Group of America | New | 0.23% | +0.23 |
| OWL Blue Owl Capital Inc. | New | 0.23% | +0.23 |
| DCI Donaldson Co. Inc. | Add +258.6% | 0.32% | +0.22 |
| MCO Moody's Corp. | New | 0.22% | +0.22 |
| B Barrick Mining Corp. | Add +95.7% | 0.38% | +0.22 |
| MATX Matson Inc. | Add +478.3% | 0.25% | +0.21 |
| QTWO Q2 Holdings Inc. | Add +218.9% | 0.33% | +0.21 |
| MFC Manulife Financial Corp. | Add +159.9% | 0.32% | +0.20 |
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 |