SUSQUEHANNA ADVISORS GROUP, INC.

BALA CYNWYD, PA · CIK 1444949 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entitySUSQUEHANNA ADVISORS GROUP, INC. (US)

Others nearbyBala Cynwyd, PA

$3.6bn reported value +69.7% vs Q1 2026

117positions

56.9%in top 10

66 new 13 added 19 reduced 63 sold out vs Q1 2026

Options: 5 call positions ($619.9m notional), 11 put positions ($1.5bn notional) – listed below, not included above.

This report includes the holdings of 3 other managers that share the investment decisions:

CAPITAL VENTURES INTERNATIONAL – reports through this filing
CVI Opportunities Fund I, LLLP – reports through this filing
Susquehanna Foundation – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	673,923	$496.3m13.64%	13.64%	Unchanged
2	SUPER MICRO COMPUTER INC 7 DEP CM SR A WI SMCI 7 06.01.29	SMCI 7 06.01.29	5,811,200	$301.9m8.30%	8.30%	New
3	BOEING CO DEP CONV PFD A BA 6 10.15.27	BA 6 10.15.27	3,075,000	$206.9m5.69%	5.69%	New
4	GE VERNOVA INC COM GEV	GEV	150,000	$176.2m4.84%	4.84%	New
5	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	363,200	$173.5m4.77%	4.77%	Added +39.7k	+39,700 12.3%
6	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	1,619,000	$155.4m4.27%	4.27%	New
7	PFIZER INC COM PFE	PFE	6,000,000	$144.5m3.97%	3.97%	Added +1.0m	+1,000,000 20.0%
8	JD.COM INC SPON ADS CL A JD	JD	5,555,500	$141.6m3.89%	3.89%	New
9	NVIDIA CORPORATION COM NVDA	NVDA	697,600	$139.6m3.84%	3.84%	New
10	MASTERCARD INCORPORATED CL A MA	MA	265,000	$136.1m3.74%	3.74%	Unchanged
11	ALPHABET INC CAP STK CL A GOOGL	GOOGL	374,732	$133.9m3.68%	3.68%	New
12	SERVICENOW INC COM NOW	NOW	1,290,300	$128.1m3.52%	3.52%	New
13	ALPHABET INC CAP STK CL C GOOG	GOOG	339,508	$120.0m3.30%	3.30%	New
14	NETFLIX INC COM NFLX	NFLX	1,643,800	$117.4m3.23%	3.23%	New
15	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	320,700	$106.0m2.91%	2.91%	New
16	NEXTNAV INC COMMON STOCK NN	NN	5,550,124	$99.0m2.72%	2.72%	Unchanged
17	APOLLO GLOBAL MGMT INC SER A MAND CNV APO 6.75 07.31.26	APO 6.75 07.31.26	1,375,000	$83.8m2.30%	2.30%	Unchanged
18	SPDR SER TR S&P RETAIL ETF XRT	XRT	750,000	$65.8m1.81%	1.81%	Unchanged
19	GDS HLDGS LTD NOTE 2.250% 6/0 · principal GDSHDG 2.25 06.01.32 · principal	GDSHDG 2.25 06.01.32	53,200,000	$64.4m1.77%	1.77%	New
20	NEXTERA ENERGY INC UNIT 06/01/2027 NEE 7.299 06.01.27	NEE 7.299 06.01.27	1,085,000	$57.7m1.58%	1.58%	Added +625.0k	+625,000 135.9%
21	MICROCHIP TECHNOLOGY INC. DEP SHS REPSTG MCHP 7.5 03.15.28	MCHP 7.5 03.15.28	700,000	$53.7m1.48%	1.48%	New
22	NEXTERA ENERGY INC UNIT 02/15/2029 NEE 7.375 02.15.29	NEE 7.375 02.15.29	1,078,273	$51.7m1.42%	1.42%	Reduced -275.0k	-275,000 -20.3%
23	HEWLETT PACKARD ENTERPRISE C 7.625 MAND CONV HPE 7.625 09.01.27	HPE 7.625 09.01.27	400,000	$46.3m1.27%	1.27%	Reduced -475.0k	-475,000 -54.3%
24	GAMESTOP CORP NOTE 6/1 · principal GME 0 06.15.32 · principal	GME 0 06.15.32	36,538,000	$36.7m1.01%	1.01%	New
25	ORACLE CORP 6.5 DEP CUM SR D ORCL 6.5 01.15.29 D	ORCL 6.5 01.15.29 D	785,000	$35.3m0.97%	0.97%	Reduced -5.0k	-5,000 -0.6%
26	ALBEMARLE CORP 7.25% DEP SHS A ALB 7.25 03.01.27	ALB 7.25 03.01.27	600,000	$33.2m0.91%	0.91%	Reduced -300.0k	-300,000 -33.3%
27	SHIFT4 PMTS INC 6 SER A CNV PREF FOUR 6 05.01.28	FOUR 6 05.01.28	520,000	$32.4m0.89%	0.89%	Reduced -25.0k	-25,000 -4.6%
28	PORCH GROUP INC DEBT 9.000% 5/1 · principal PRCH 9 05.15.30 · principal	PRCH 9 05.15.30	19,415,000	$28.1m0.77%	0.77%	Reduced -18.7m	-18,735,000 -49.1%
29	ROBINHOOD MKTS INC COM CL A HOOD	HOOD	224,000	$22.5m0.62%	0.62%	New
30	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	254,300	$19.2m0.53%	0.53%	Unchanged
31	DOORDASH INC NOTE 5/1 · principal DASH 0 05.15.30 · principal	DASH 0 05.15.30	19,000,000	$18.7m0.51%	0.51%	New
32	NEXTERA ENERGY INC UNIT 11/01/2027 NEE 7.234 11.01.27	NEE 7.234 11.01.27	375,000	$18.6m0.51%	0.51%	Added +175.0k	+175,000 87.5%
33	PPL CORP UNIT 02/15/2029 PPL 7 02.15.29	PPL 7 02.15.29	375,000	$18.4m0.51%	0.51%	Reduced -25.0k	-25,000 -6.2%
34	ALPHABET INC DEP SHS RP1/20 B GOOGL 6.25 05.15.29 B	GOOGL 6.25 05.15.29 B	350,000	$17.6m0.48%	0.48%	New
35	QXO INC 5.50 DEP PFD QXO 5.5 05.15.28 B	QXO 5.5 05.15.28 B	350,000	$17.1m0.47%	0.47%	New
36	LIGAND PHARMACEUTICALS INC COM NEW LGND	LGND	44,600	$14.1m0.39%	0.39%	New
37	QUANTUM EMOTION CORP COM QNC	QNC	4,333,145	$13.5m0.37%	0.37%	New
38	SERVICE PPTYS TR COM SH BEN INT COM SH BEN INT		5,498,517	$9.3m0.26%	0.26%	Added +1.5m	+1,459,398 36.1%
39	ADT INC DEL COM ADT	ADT	1,360,341	$8.8m0.24%	0.24%	New
40	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	21,775	$8.1m0.22%	0.22%	Unchanged
41	PG&E CORP PFD CONV SER A PCG 6 12.01.27 A	PCG 6 12.01.27 A	150,000	$6.2m0.17%	0.17%	New
42	OPEN TEXT CORP COM OTEX	OTEX	237,178	$5.3m0.14%	0.14%	Added +172.1k	+172,061 264.2%
43	COMPASS INC CL A COMP	COMP	416,214	$5.1m0.14%	0.14%	Reduced -100.0k	-99,984 -19.4%
44	CHEMOURS CO COM CC	CC	241,016	$4.9m0.14%	0.14%	Added +102.6k	+102,556 74.1%
45	ADAPTIVE BIOTECHNOLOGIES COR COM ADPT	ADPT	184,200	$4.0m0.11%	0.11%	New
46	MANULIFE FINL CORP COM MFC	MFC	95,700	$3.9m0.11%	0.11%	Unchanged
47	NEOGENOMICS INC COM NEW NEO	NEO	258,400	$3.8m0.10%	0.10%	New
48	COMCAST CORP NEW CL A CMCSA	CMCSA	150,404	$3.7m0.10%	0.10%	New
49	EXPAND ENERGY CORPORATION COM EXE	EXE	39,866	$3.6m0.10%	0.10%	Reduced -32.1k	-32,056 -44.6%
50	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	72,337	$3.2m0.09%	0.09%	New
51	SELECT SECTOR SPDR TR ENERGY XLE	XLE	50,000	$2.7m0.07%	0.07%	New
52	GALAXY DIGITAL INC. CL A GLXY	GLXY	85,500	$2.3m0.06%	0.06%	Unchanged
53	BROOKFIELD CORP CL A LTD VT SH BN	BN	45,300	$1.9m0.05%	0.05%	New
54	RANGE RES CORP COM RRC	RRC	49,553	$1.8m0.05%	0.05%	New
55	LIBERTY GLOBAL LTD COM CL A LBTYA	LBTYA	157,621	$1.8m0.05%	0.05%	New
56	MKS INC. NOTE 1.250% 6/0 · principal MKSI 1.25 06.01.30 · principal	MKSI 1.25 06.01.30	59,312,000	$1.7m0.05%	0.05%	Added +48.8m	+48,775,000 462.9%
57	VANGUARD INTL EQUITY INDEX F ALLWRLD EX US VEU	VEU	20,250	$1.7m0.05%	0.05%	Unchanged
58	SUNOCOCORP LLC COM SHS LLC SUNC	SUNC	24,071	$1.6m0.04%	0.04%	Unchanged
59	LOGITECH INTL S A SHS LOGI	LOGI	16,500	$1.6m0.04%	0.04%	New
60	CLOUDFLARE INC NOTE 8/1 · principal NET 0 08.15.26 · principal	NET 0 08.15.26	116,426,000	$1.5m0.04%	0.04%	Added +111.4m	+111,426,000 2228.5%
61	ANTERO RESOURCES CORP COM AR	AR	40,967	$1.4m0.04%	0.04%	New
62	AEROVIRONMENT INC COM AVAV	AVAV	8,720	$1.4m0.04%	0.04%	Reduced -12.1k	-12,100 -58.1%
63	NEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 · principal NEE 3 03.01.27 · principal	NEE 3 03.01.27	107,874,000	$1.4m0.04%	0.04%	Added +11.4m	+11,445,000 11.9%
64	CANADIAN PACIFIC KANSAS CITY COM CP	CP	15,400	$1.3m0.04%	0.04%	Reduced -80.0k	-80,000 -83.9%
65	KEEL INFRASTRUCTURE CORP COM SHS KEEL	KEEL	232,308	$1.3m0.04%	0.04%	New
66	WILLIS LEASE FIN CORP COM WLFC	WLFC	5,180	$1.2m0.03%	0.03%	New
67	AKAMAI TECHNOLOGIES INC NOTE 0.250% 5/1 · principal AKAM 0.25 05.15.33 · principal	AKAM 0.25 05.15.33	76,500,000	$1.1m0.03%	0.03%	New
68	PEABODY ENERGY CORP COM BTU	BTU	46,750	$1.1m0.03%	0.03%	New
69	EQT CORP COM EQT	EQT	20,045	$1.1m0.03%	0.03%	New
70	ADTRAN HOLDINGS INC COM ADTN	ADTN	73,870	$1.0m0.03%	0.03%	Reduced -7.8k	-7,824 -9.6%
71	KITE RLTY GROUP TR COM NEW KRG	KRG	33,900	$962.1k0.03%	0.03%	New
72	GDS HLDGS LTD SPONSORED ADS GDS	GDS	31,427	$943.8k0.03%	0.03%	Unchanged
73	ALIBABA GROUP HLDG LTD NOTE 0.500% 6/0 · principal BABA 0.5 06.01.31 · principal	BABA 0.5 06.01.31	74,155,000	$874.7k0.02%	0.02%	Reduced -16.0m	-16,000,000 -17.8%
74	SOFI TECHNOLOGIES INC COM SOFI	SOFI	43,492	$779.8k0.02%	0.02%	Unchanged
75	AKAMAI TECHNOLOGIES INC NOTE 1.125% 2/1 · principal AKAM 1.125 02.15.29 · principal	AKAM 1.125 02.15.29	61,500,000	$731.1k0.02%	0.02%	New
76	SEABRIDGE GOLD INC COM SA	SA	24,333	$626.3k0.02%	0.02%	New
77	TREKOR METALS LTD COM TGB	TGB	89,400	$615.1k0.02%	0.02%	New
78	SUPER MICRO COMPUTER INC NOTE 6/1 · principal SMCI 0 06.15.30 · principal	SMCI 0 06.15.30	66,000,000	$584.1k0.02%	0.02%	New
79	AMRIZE LTD SHS AMRZ	AMRZ	9,900	$527.7k0.01%	0.01%	New
80	COEUR MNG INC COM NEW CDE	CDE	32,200	$525.5k0.01%	0.01%	Unchanged
81	CENTERPOINT ENERGY INC COM CNP	CNP	10,100	$444.8k0.01%	0.01%	New
82	SIX FLAGS ENTERTAINMENT CORP COM FUN	FUN	20,568	$438.1k0.01%	0.01%	Reduced -198.1k	-198,137 -90.6%
83	FIRSTENERGY CORP NOTE 3.875% 1/1 · principal FE 3.875 01.15.31 · principal	FE 3.875 01.15.31	30,500,000	$338.9k0.01%	0.01%	New
84	STRATEGY INC NOTE 0.625% 3/1 · principal MSTR 0.625 03.15.30 · principal	MSTR 0.625 03.15.30	30,150,000	$306.6k0.01%	0.01%	Added +14.5m	+14,500,000 92.7%
85	BRIDGEBIO PHARMA INC NOTE 1.750% 3/0 · principal BBIO 1.75 03.01.31 · principal	BBIO 1.75 03.01.31	17,500,000	$293.9k0.01%	0.01%	Added +10.0m	+10,000,000 133.3%
86	ENBRIDGE INC COM ENB	ENB	5,326	$288.7k0.01%	0.01%	New
87	STRATEGY INC NOTE 0.875% 3/1 · principal MSTR 0.875 03.15.31 · principal	MSTR 0.875 03.15.31	27,910,000	$253.5k0.01%	0.01%	Reduced -58.5m	-58,500,000 -67.7%
88	BROOKFIELD BUSINESS CORP CL A SUB VTG SH BBUC	BBUC	8,224	$245.5k0.01%	0.01%	New
89	LYFT INC NOTE 0.625% 3/0 · principal LYFT 0.625 03.01.29 · principal	LYFT 0.625 03.01.29	22,500,000	$235.6k0.01%	0.01%	New
90	TORM PLC SHS CL A TRMD	TRMD	8,041	$209.5k0.01%	0.01%	Reduced -3.2k	-3,159 -28.2%
91	ISHARES INC MSCI BRAZIL ETF EWZ	EWZ	5,918	$204.2k0.01%	0.01%	Unchanged
92	SOUTHERN CO NOTE 3.250% 6/1 · principal SO 3.25 06.15.28 · principal	SO 3.25 06.15.28	20,000,000	$202.2k0.01%	0.01%	New
93	PPL CAP FDG INC NOTE 2.875% 3/1 · principal PPL 2.875 03.15.28 · principal	PPL 2.875 03.15.28	17,814,000	$202.1k0.01%	0.01%	New
94	SOUTHERN CO NOTE 4.500% 6/1 · principal SO 4.5 06.15.27 · principal	SO 4.5 06.15.27	16,950,000	$186.8k0.01%	0.01%	Reduced -11.0m	-11,000,000 -39.4%
95	TEEKAY CORPORATION LTD SHS TK	TK	17,790	$177.9k0.00%	0.00%	New
96	ETSY INC NOTE 0.125%10/0 · principal ETSY 0.125 10.01.26 · principal	ETSY 0.125 10.01.26	16,000,000	$162.2k0.00%	0.00%	New
97	WEC ENERGY GROUP INC NOTE 4.375% 6/0 · principal WEC 4.375 06.01.27 · principal	WEC 4.375 06.01.27	10,000,000	$120.9k0.00%	0.00%	New
98	LIBERTY MEDIA CORP DEL NOTE 2.250% 8/1 · principal FWONK 2.25 08.15.27 · principal	FWONK 2.25 08.15.27	9,500,000	$117.3k0.00%	0.00%	Added +2.0m	+2,000,000 26.7%
99	DOMINARI HOLDINGS INC COM NEW DOMH	DOMH	31,729	$99.6k0.00%	0.00%	New
100	BLACKROCK INNOVATION AND GRW SHS BEN INT BTX	BTX	10,600	$95.7k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SHOPIFY INC SHOP	SHOP	878,600	$104.2m878.6k shares
ORACLE CORP ORCL	ORCL	690,000	$101.5m690.0k shares
NIKE INC NKE	NKE	1,800,000	$95.1m1.8m shares
LUMENTUM HLDGS INC LITE 1.5 12.15.29	LITE 1.5 12.15.29	8,160,000	$82.3m8.2m shares
APPLIED DIGITAL CORP APLD 2.75 06.01.30	APLD 2.75 06.01.30	29,556,000	$78.5m29.6m shares
SEA LTD SE	SE	890,000	$73.7m890.0k shares
STRATEGY INC MSTR 0 12.01.29	MSTR 0 12.01.29	37,318,000	$30.5m37.3m shares
EQUINOX GOLD CORP EQX	EQX	1,398,304	$20.2m1.4m shares
CRESCENT ENERGY COMPANY CRGY	CRGY	1,072,954	$14.5m1.1m shares
IAMGOLD CORP IAG	IAG	509,350	$9.6m509.4k shares
AGNICO EAGLE MINES LTD AEM	AEM	38,947	$7.9m38.9k shares
WHIRLPOOL CORP WHR 8.5 02.15.29 A	WHR 8.5 02.15.29 A	175,000	$7.2m175.0k shares
WOLFSPEED INC WOLF 2.5 06.15.31	WOLF 2.5 06.15.31	4,894,000	$7.0m4.9m shares
TORONTO DOMINION BK ONT TD	TD	71,000	$6.6m71.0k shares
LIBERTY ENERGY INC LBRT	LBRT	195,000	$5.6m195.0k shares
ROYAL BK CDA RY	RY	31,300	$5.1m31.3k shares
TOWER SEMICONDUCTOR LTD TSEM	TSEM	23,408	$4.1m23.4k shares
BOEING CO BA	BA	20,200	$4.0m20.2k shares
CANADIAN NAT RES LTD CNQ	CNQ	78,202	$3.8m78.2k shares
WOLFSPEED INC WOLF	WOLF	224,626	$3.7m224.6k shares
ARES MANAGEMENT CORPORATION ARES 6.75 10.01.27 B	ARES 6.75 10.01.27 B	100,000	$3.6m100.0k shares
ALLIED GOLD CORP AAUC	AAUC	106,666	$3.3m106.7k shares
BANK MONTREAL QUE BMO	BMO	23,900	$3.2m23.9k shares
CANADIAN NATL RY CO CNI	CNI	27,600	$2.8m27.6k shares
IMPERIAL OIL LTD IMO	IMO	21,665	$2.8m21.7k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
LAM RESEARCH CORP LRCX · Call	LRCX	Call	471,600	$204.4m471.6k shares	New
GE VERNOVA INC GEV · Put	GEV	Put	150,000	$176.2m150.0k shares	New
TAIWAN SEMICONDUCTOR MFG LTD TSM · Put	TSM	Put	363,200	$173.5m363.2k shares	Added
ALIBABA GROUP HLDG LTD BABA · Put	BABA	Put	1,619,000	$155.4m1.6m shares	New
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	204,500	$152.7m204.5k shares	New
PFIZER INC PFE · Put	PFE	Put	6,000,000	$144.5m6.0m shares	Added
JD.COM INC JD · Put	JD	Put	5,555,500	$141.6m5.6m shares	New
NVIDIA CORPORATION NVDA · Put	NVDA	Put	697,600	$139.6m697.6k shares	New
PALO ALTO NETWORKS INC PANW · Call	PANW	Call	387,500	$132.1m387.5k shares	New
SERVICENOW INC NOW · Put	NOW	Put	1,290,300	$128.1m1.3m shares	New
NETFLIX INC NFLX · Put	NFLX	Put	1,643,800	$117.4m1.6m shares	New
BRISTOL-MYERS SQUIBB CO BMY · Call	BMY	Call	2,000,000	$115.2m2.0m shares	New
GRAINGER W W INC GWW · Call	GWW	Call	80,000	$108.8m80.0k shares	New
HILTON WORLDWIDE HLDGS INC HLT · Put	HLT	Put	320,700	$106.0m320.7k shares	New
SPDR S&P 500 ETF TR SPY · Call	SPY	Call	79,500	$59.4m79.5k shares	Reduced
MICROSTRATEGY INC MSTR · Put	MSTR	Put	600,000	$52.2m600.0k shares	Unchanged