XL
Xn LP 13F Holdings (27 Positions, Q2 2026)
Xn LPCIK: 0001756558
Momentum followerQuality / disciplined sizingHigh-turnover trader
Total reported value
$3.8B
Reporting period: 2026-06-30 · Number of holdings: 27
XN LP disclosed 27 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $3.8B and a quarterly turnover rate of 64.3%.
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Personality snowflake
- Concentration
- 25.59
- Portfolio Stability
- 64.32
- Momentum
- 100
- Sector conviction
- 63.5
- Diversification
- 54
- Sizing Uniformity
- 91.31
Xn LP's disclosed holdings carry a Herfindahl concentration index of 0.064 — mathematically equivalent to about 16 equally-sized positions, well below its 27 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.87), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.1 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy 84615Q103
Sold out AMAT
Sold out MOD
New buy HEI-A
Trim TOST
-32.6% -$50.5M
New buy AUR
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ✓ | Stock-Other | 13.49% | +13.49% | NEW | ||
| 2 | TKO | Tko Group Holdings Inc | Stock-Comm Services | 13.20% | -0.84% | +31.48% | |
| 3 | SHW | Sherwin-williams Co/the | Stock-Materials | 7.11% | +0.38% | +37.26% | |
| 4 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 6.27% | -0.82% | -12.68% | |
| 5 | GLW | Corning Inc | Stock-Tech | 5.15% | +0.10% | -24.16% | |
| 6 | SOLS | Solstice Adv Materials Inc | Stock-Materials | 5.03% | -2.43% | -19.02% | |
| 7 | GE | General Electric | Stock-Industrials | 4.57% | -1.37% | -18.37% | |
| 8 | WDC | Western Digital CORP | Stock-Tech | 3.69% | +0.95% | -20.42% | |
| 9 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.28% | -1.05% | -7.40% | |
| 10 | HEI-A | Heico Corp-class A | Stock-Other | 3.23% | +3.23% | NEW | |
| 11 | FERG | Ferguson Enterprises Inc | Stock-Industrials | 3.22% | +1.12% | +110.01% | |
| 12 | TOST | Toast Inc-class A | Stock-Tech | 3.21% | -3.13% | -32.58% | |
| 13 | NVDA | Nvidia CORP | Stock-Tech | 2.90% | -0.49% | +4.03% | |
| 14 | CRS | Carpenter Technology | Stock-Industrials | 2.78% | +0.05% | -9.34% | |
| 15 | AUR | Aurora Innovation Inc | Stock-Consumer Disc | 2.77% | +2.77% | NEW | |
| 16 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.72% | -0.37% | — | |
| 17 | ✓ | Stock-Other | 2.70% | +2.70% | NEW | ||
| 18 | CRH | CRH plc | Stock-Materials | 2.48% | -0.92% | — | |
| 19 | PCOR | Procore Technologies Inc | Stock-Tech | 2.37% | -2.28% | — | |
| 20 | SPOT | Spotify Technology S.A. | Stock-Comm Services | 1.93% | -2.11% | -29.49% | |
| 21 | WAT | Waters CORP | Stock-Healthcare | 1.91% | +1.91% | NEW | |
| 22 | WULF | Terawulf Inc | Stock-Financials | 1.72% | +1.72% | NEW | |
| 23 | WBD | Warner Bros Discovery Inc | Stock-Comm Services | 1.50% | -0.66% | — | |
| 24 | ✓ | Stock-Other | 1.25% | +1.25% | NEW | ||
| 25 | ✓ | Stock-Other | 0.70% | +0.70% | NEW | ||
| 26 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.63% | -0.16% | — | |
| 27 | FIG | Figma Inc-cl A | Stock-Other | 0.17% | -0.11% | — |
Portfolio Performance
Performance for Q3 2026
-2%
Performance Last 4 Quarters
+1.2%
- Stdev
- +18.6%
- Beta
- +1.04
- Alpha
- -3.5%
- Max Drawdown
- -12.2%
- Annualized Perf
- +16.9%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +1.57
- Stutzer
- +0.27
- Treynor
- +0.17
- Sterling
- +0.9
- Calmar
- +1.39
- Information Ratio
- -0.2
- Tracking Error
- +12.8%
- Stdev Down
- +11.1%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +47.8%
- Worst 12 Months
- +1%
- Efficiency Ratio
- +0.37
- Sharpe
- +0.94
- Stdev Sectors
- +9.9%
- Skewness
- -0.32
- Kurtosis
- -0.27
- Upside Potential
- +3.19
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 27 | $3.8B | 64 | ||
| 2026 Q1 | 23 | $2.7B | 71 | ||
| 2025 Q4 | 26 | $3.6B | 28 | ||
| 2025 Q3 | 22 | $3.4B | 51 | ||
| 2025 Q2 | 21 | $3.1B | 0 | ||
| 2025 Q1 | 19 | $2.2B | 0 | ||
| 2024 Q4 | 24 | $2.5B | 0 | ||
| 2024 Q3 | 25 | $2.7B | 0 | ||
| 2024 Q2 | 25 | $2.4B | 0 | ||
| 2024 Q1 | 23 | $2.5B | 0 | ||
| 2023 Q4 | 20 | $1.5B | 0 | ||
| 2023 Q3 | 21 | $1.2B | 0 | ||
| 2023 Q2 | 18 | $1.0B | 0 | ||
| 2023 Q1 | 17 | $838.3M | 0 | ||
| 2022 Q4 | 12 | $529.1M | 0 | ||
| 2022 Q3 | 14 | $857.1M | 0 | ||
| 2022 Q2 | 16 | $1.0B | 0 | ||
| 2022 Q1 | 19 | $1.3B | 0 | ||
| 2021 Q4 | 18 | $1.1B | 0 |
Holding changes this quarter
Xn LP's most significant position changes for 2026-06-30: New buy: ; Sold out: Applied Materials Inc (AMAT); Sold out: Modine Manufacturing Co (MOD); New buy: Heico Corp-class A (HEI-A); New buy: Aurora Innovation Inc (AUR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +13.5% | NEW | New buy | |
| 2 | HEI-A | Heico Corp-class A | +3.2% | NEW | New buy |
| 3 | AUR | Aurora Innovation Inc | +2.8% | NEW | New buy |
| 4 | ✓ | +2.7% | NEW | New buy | |
| 5 | WAT | Waters CORP | +1.9% | NEW | New buy |
| 6 | WULF | Terawulf Inc | +1.7% | NEW | New buy |
| 7 | ✓ | +1.3% | NEW | New buy | |
| 8 | FERG | Ferguson Enterprises Inc | +1.1% | +110.01% | Add |
| 9 | WDC | Western Digital CORP | +1% | -20.42% | Trim |
| 10 | ✓ | +0.7% | NEW | New buy | |
| 11 | SHW | Sherwin-williams Co/the | +0.4% | +37.26% | Add |
| 12 | GLW | Corning Inc | +0.1% | -24.16% | Trim |
| 13 | CRS | Carpenter Technology | +0.1% | -9.34% | Trim |
| 14 | FIG | Figma Inc-cl A | -0.1% | — | Unchanged |
| 15 | JNJ | Johnson & Johnson | -0.2% | — | Unchanged |
| 16 | GOOG | Alphabet Inc-cl C | -0.4% | — | Unchanged |
| 17 | BE | Bloom Energy Corp- A | -0.5% | EXIT | Sold out |
| 18 | NVDA | Nvidia CORP | -0.5% | +4.03% | Add |
| 19 | WBD | Warner Bros Discovery Inc | -0.7% | — | Unchanged |
| 20 | TSM | Taiwan Semiconductor-sp Adr | -0.8% | -12.68% | Trim |
| 21 | TKO | Tko Group Holdings Inc | -0.8% | +31.48% | Add |
| 22 | CRH | CRH plc | -0.9% | — | Unchanged |
| 23 | AMZN | Amazon.com Inc | -1.1% | -7.40% | Trim |
| 24 | GE | General Electric | -1.4% | -18.37% | Trim |
| 25 | CBRE | Cbre Group Inc - A | -2% | EXIT | Sold out |
| 26 | SPOT | Spotify Technology S.A. | -2.1% | -29.49% | Trim |
| 27 | PCOR | Procore Technologies Inc | -2.3% | — | Unchanged |
| 28 | SOLS | Solstice Adv Materials Inc | -2.4% | -19.02% | Trim |
| 29 | TOST | Toast Inc-class A | -3.1% | -32.58% | Trim |
| 30 | MOD | Modine Manufacturing Co | -5.2% | EXIT | Sold out |
| 31 | AMAT | Applied Materials Inc | -6.1% | EXIT | Sold out |
Filing History
FAQ
What is Xn LP and what type of investor is it?
Xn LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $3.8B, spread across 27 disclosed positions.
What are Xn LP's largest equity positions?
Based on the latest 13F filing, Xn LP's top holdings by market value are:
1. — $512.6M (13.5%)
2. Tko Group Holdings Inc (TKO) — $501.7M (13.2%)
3. Sherwin-williams Co/the (SHW) — $270.0M (7.1%)
4. Taiwan Semiconductor-sp Adr (TSM) — $238.2M (6.3%)
5. Corning Inc (GLW) — $195.7M (5.2%)
What changes did Xn LP make in its most recent portfolio filing?
In the latest reported quarter, Xn LP made 25 notable position adjustments: 8 new positions were initiated, 4 existing holdings were added to, 9 positions were partially reduced, and 4 were completely exited. The largest of these moves: New buy: ; Sold out: Applied Materials Inc (AMAT); Sold out: Modine Manufacturing Co (MOD); New buy: Heico Corp-class A (HEI-A); New buy: Aurora Innovation Inc (AUR)
What sectors does Xn LP focus on?
Xn LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 30.1%
• Communication Services: 24.7%
• Materials: 18.6%
• Industrials: 13.5%
• Consumer Discretionary: 7.7%
• Health Care: 3.2%
Investment Profile
Xn LP returned an annualized 16.9% over the trailing 36 months — underperforming the S&P 500 by 3.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.04 (roughly in line with the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and fast-trading, with 30.1% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 64 over the past 4 quarters — a shift toward more active trading.
It has added to its FERG position over the past two quarters (+$75.0M, now $122.3M), while trimming TOST over the same stretch (-$197.1M, still holding $122.1M).
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Developer Access
Access Xn LP's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/xn-lpCLI
npx alphasmo institutions get xn-lp