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Susquehanna entities disclose 40.33M-share holding in SMCI (SMCI)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Super Micro Computer, Inc. disclosed that a group of affiliated Susquehanna reporting persons beneficially own 40,330,986 shares of Common Stock, representing 6.2% of the class. The filing states there were 646,832,377 shares outstanding as of completion of concurrent offerings per a June 12, 2026 prospectus supplement. The reported holdings include shares issuable on conversion of 7.00% Series A Mandatory Convertible Preferred Stock (via depositary shares) and option positions (including 20,986,600 options reported for Susquehanna Securities, LLC and 34,500 options reported for SIG Brokerage, LP).

Positive

  • None.

Negative

  • None.

Insights

Large block disclosed: 40,330,986 shares (6.2%) held by related Susquehanna entities.

The filing lists a combined beneficial position of 40,330,986 shares held across seven related reporting persons, with shared and sole voting/dispositive powers reported per cover-page rows. The statement notes conversion rights from Depositary Shares representing the companys Mandatory Convertible Preferred Stock, which affect the composition of the position.

Key dependencies include the conversion mechanics of the Preferred Stock and the exercise status of large option blocks (notably 20,986,600 options). Subsequent filings or transaction reports would clarify actual exercised shares or disposals.

Reporting shows group attribution and voting/dispositive arrangements among affiliates.

The cover-page comments state that multiple broker-dealers and Susquehanna entities "may be deemed a group," and that reporting persons disclaim beneficial ownership of shares owned directly by another reporting person while indicating shared voting and dispositive power. Susquehanna Advisors Group, Inc. is identified as investment manager to Capital Ventures International.

These disclosures matter for understanding potential coordinated holder influence; any change in voting or disposition would be visible only through later SEC reports.

Beneficially owned shares 40,330,986 shares Combined across seven reporting persons (Schedule 13G)
Percent of class 6.2% Calculated using outstanding share figure in filing
Shares outstanding 646,832,377 shares As of completion of concurrent offerings per Prospectus Supplement <date>June 12, 2026</date>
Options included (Susquehanna Securities) 20,986,600 options Reported as included in Susquehanna Securities, LLCs beneficial ownership
Options included (SIG Brokerage) 34,500 options Reported as included in SIG Brokerage, LPs beneficial ownership
Mandatory Convertible Preferred 7.00% Series A Shares issuable upon conversion counted via depositary shares
Depositary Shares financial
"Each Depositary Share represents a 1/20th interest in a share of Preferred Stock."
Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.
Mandatory Convertible Preferred Stock financial
"7.00% Series A Mandatory Convertible Preferred Stock ("Preferred Stock")."
A mandatory convertible preferred stock is a type of investment that pays regular income like a preferred share but is designed to automatically turn into a set number of common shares at a future date, much like a timed coupon that becomes company ownership. It matters to investors because it combines a near-term income stream with a guaranteed future increase in the company’s share count, which can dilute existing owners and change earnings-per-share and voting balance.
Beneficially owned regulatory
"Amount beneficially owned: The information required by this Item 4(a) is set forth in Row 9"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Schedule 13G regulatory
"This statement is filed by the entities listed below, who are collectively referred to herein as "Reporting Persons""
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
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86800U302

(CUSIP Number)
06/11/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group and Susquehanna Securities, LLC are affiliated independent broker-dealers which, together with Capital Ventures International, Susquehanna Advisors Group, Inc. and Susquehanna Fundamental Investments, LLC, may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person. With respect to Row 5 and Row 7 above, Susquehanna Advisors Group, Inc. is the investment manager to Capital Ventures International and as such may exercise voting and dispositive power over the shares directly owned by Capital Ventures International.


SCHEDULE 13G




Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group and Susquehanna Securities, LLC are affiliated independent broker-dealers which, together with Capital Ventures International, Susquehanna Advisors Group, Inc. and Susquehanna Fundamental Investments, LLC, may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person. With respect to Row 5 and Row 7 above, Susquehanna Advisors Group, Inc. is the investment manager to Capital Ventures International and as such may exercise voting and dispositive power over the shares directly owned by Capital Ventures International.


SCHEDULE 13G




Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group and Susquehanna Securities, LLC are affiliated independent broker-dealers which, together with Capital Ventures International, Susquehanna Advisors Group, Inc. and Susquehanna Fundamental Investments, LLC, may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.


SCHEDULE 13G




Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group and Susquehanna Securities, LLC are affiliated independent broker-dealers which, together with Capital Ventures International, Susquehanna Advisors Group, Inc. and Susquehanna Fundamental Investments, LLC, may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.


SCHEDULE 13G




Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group and Susquehanna Securities, LLC are affiliated independent broker-dealers which, together with Capital Ventures International, Susquehanna Advisors Group, Inc. and Susquehanna Fundamental Investments, LLC, may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.


SCHEDULE 13G




Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group and Susquehanna Securities, LLC are affiliated independent broker-dealers which, together with Capital Ventures International, Susquehanna Advisors Group, Inc. and Susquehanna Fundamental Investments, LLC, may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.


SCHEDULE 13G




Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC, SIG Brokerage, LP, Susquehanna Investment Group and Susquehanna Securities, LLC are affiliated independent broker-dealers which, together with Capital Ventures International, Susquehanna Advisors Group, Inc. and Susquehanna Fundamental Investments, LLC, may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.


SCHEDULE 13G



Capital Ventures International
Signature:/s/ Brian Sopinsky
Name/Title:Brian Sopinsky, Assistant Secretary of Susquehanna Advisors Group, Inc.
Date:06/18/2026
Susquehanna Advisors Group, Inc.
Signature:/s/ Brian Sopinsky
Name/Title:Brian Sopinsky, Assistant Secretary
Date:06/18/2026
G1 Execution Services, LLC
Signature:/s/ Brian Sopinsky
Name/Title:Brian Sopinsky, Secretary
Date:06/18/2026
SIG Brokerage, LP
Signature:/s/ Brian Sopinsky
Name/Title:Brian Sopinsky, Assistant Secretary
Date:06/18/2026
Susquehanna Fundamental Investments, LLC
Signature:/s/ Brian Sopinsky
Name/Title:Brian Sopinsky, Assistant Secretary
Date:06/18/2026
Susquehanna Investment Group
Signature:/s/ Brian Sopinsky
Name/Title:Brian Sopinsky, General Counsel
Date:06/18/2026
Susquehanna Securities, LLC
Signature:/s/ Brian Sopinsky
Name/Title:Brian Sopinsky, Secretary
Date:06/18/2026

Comments accompanying signature: Susquehanna Advisors Group, Inc. serves as authorized agent of Capital Ventures International pursuant to a Limited Power of Attorney, a copy of which is attached as Exhibit 24 hereto.
Exhibit Information

EXHIBIT INDEX EXHIBIT DESCRIPTION ________ ________ 24 Limited Power of Attorney 99 Joint Filing Agreement

FAQ

What stake does the Susquehanna group hold in SMCI?

The group beneficially owns 40,330,986 shares, equal to 6.2% of the Common Stock. This number is reported collectively across seven affiliated reporting persons in the Schedule 13G filing.

How many SMCI shares were outstanding according to the filing?

The filing cites 646,832,377 shares outstanding as of completion of concurrent offerings per the prospectus supplement filed on June 12, 2026. That figure is the baseline used to compute the 6.2% stake.

Do the reported holdings include convertible or option instruments?

Yes. The count includes shares issuable on conversion of the companys 7.00% Series A Mandatory Convertible Preferred Stock (via depositary shares) and option positions, including 20,986,600 options linked to Susquehanna Securities, LLC.

Who has voting or dispositive power over the shares?

The cover page lists both sole and shared voting/dispositive powers by reporting person; the filing states Susquehanna Advisors Group, Inc. may exercise voting and dispositive power as investment manager to Capital Ventures International.

Are these entities filing jointly or as a deemed group?

The Schedule indicates the entities filed jointly and includes a statement that several broker-dealers and Susquehanna-related entities "may be deemed a group," with shared voting and dispositive power reported across them.