CIK: 0001637541
Total reported value
$14.1B
Reporting period: 2026-03-31 · Number of holdings: 1686
XPONANCE LLC disclosed 1686 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $14.1B and a quarterly turnover rate of 13.7%.
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Xponance LLC's disclosed holdings carry a Herfindahl concentration index of 0.022 — mathematically equivalent to about 46 equally-sized positions, well below its 1686 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 5.95), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim MSFT
+10.4% -$140.1M
Trim TSLA
+10.5% -$27.8M
Add XOM
+15.5% $44.6M
Trim AAPL
+9.2% $19.9M
Trim META
+9.9% -$16.7M
Trim NVDA
+10.0% $31.9M
XPONANCE is systematically compounding momentum alpha across a hyper-diversified 1,686-name book, with a clear conviction bet on mega-cap tech despite weight erosion in MSFT and NVDA. This is not a rotation; it is a robotic rollout of the same factor that has dominated—betting the regime's winning trade continues without interruption.
The 36% IT weight and consistent adds to energy (XOM, CVX) and staples (WMT, COST) signal a bet on a 'no recession' scenario: AI capex sustains earnings while consumer resilience holds. The opposing thesis is a cost-push shock that crushes margins in tech, forces defensive rotation, and triggers a momentum crash—precisely the regime XPONANCE is not positioned for.
XPONANCE's extreme momentum tilt (100/100) is the single most crowded factor in institutional portfolios today—and with turnover of just 13.7%, the fund is structurally unable to de-risk before the reversal. The low position sizing discipline (40.5) further amplifies tail risk: a 10% drawdown in their top 5 names would erase more than a quarter of their active alpha from the prior four quarters.
AI-assisted summary drawn from public regulatory disclosures, covering historical data only. Not a substitute for professional investment advice.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 8.21% | -0.21% | +9.98% | |
| 2 | AAPL | Apple INC | Stock-Tech | 7.29% | -0.26% | +9.24% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 5.42% | -1.36% | +10.38% | |
| 4 | AMZN | Amazon.com INC | Stock-Consumer Disc | 3.62% | — | +11.21% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.99% | -0.10% | +10.98% | |
| 6 | AVGO | Broadcom INC | Stock-Tech | 2.88% | — | +10.57% | |
| 7 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.43% | — | +11.02% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.36% | -0.26% | +9.86% | |
| 9 | TSLA | Tesla INC | Stock-Consumer Disc | 2.07% | -0.33% | +10.46% | |
| 10 | LLY | Eli Lilly & Co | Stock-Healthcare | 1.48% | -0.20% | +8.89% | |
| 11 | V | Visa Inc-class A Shares | Stock-Financials | 1.03% | -0.13% | +8.76% | |
| 12 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.03% | +0.02% | +17.34% | |
| 13 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.98% | +0.06% | +17.35% | |
| 14 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.93% | +0.14% | +6.91% | |
| 15 | MA | Mastercard INC - A | Stock-Financials | 0.83% | — | +8.02% | |
| 16 | NFLX | Netflix INC | Stock-Comm Services | 0.83% | +0.05% | +9.11% | |
| 17 | XOM | Exxon Mobil CORP | Stock-Energy | 0.82% | +0.29% | +15.54% | |
| 18 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.81% | +0.17% | +14.11% | |
| 19 | ABBV | Abbvie INC | Stock-Healthcare | 0.79% | — | +6.75% | |
| 20 | WMT | Walmart INC | Stock-Consumer Staples | 0.73% | +0.12% | +13.21% | |
| 21 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.64% | -0.12% | +8.45% | |
| 22 | HD | Home Depot INC | Stock-Consumer Disc | 0.60% | — | +9.47% | |
| 23 | GE | General Electric | Stock-Industrials | 0.58% | — | +11.44% | |
| 24 | AMD | Advanced Micro Devices | Stock-Tech | 0.57% | — | +10.65% | |
| 25 | LRCX | Lam Research CORP | Stock-Tech | 0.57% | +0.10% | +2.78% | |
| 26 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.52% | +0.06% | +10.44% | |
| 27 | ORCL | Oracle CORP | Stock-Tech | 0.51% | -0.13% | +9.79% | |
| 28 | MU | Micron Technology INC | Stock-Tech | 0.50% | +0.12% | +16.77% | |
| 29 | CVX | Chevron CORP | Stock-Energy | 0.47% | +0.17% | +22.60% | |
| 30 | GEV | GE Vernova INC | Stock-Industrials | 0.46% | +0.12% | +8.30% | |
| 31 | BAC | Bank Of America CORP | Stock-Financials | 0.44% | — | +13.42% | |
| 32 | CSCO | Cisco Systems INC | Stock-Tech | 0.43% | — | +5.46% | |
| 33 | CAT | Caterpillar INC | Stock-Industrials | 0.43% | +0.11% | +14.05% | |
| 34 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.42% | +0.04% | +15.40% | |
| 35 | AMAT | Applied Materials INC | Stock-Tech | 0.42% | +0.14% | +17.96% | |
| 36 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.40% | +0.07% | +14.49% | |
| 37 | KLAC | Kla CORP | Stock-Tech | 0.40% | +0.08% | +8.42% | |
| 38 | AMGN | Amgen INC | Stock-Healthcare | 0.34% | +0.03% | +9.81% | |
| 39 | GS | Goldman Sachs Group INC | Stock-Financials | 0.33% | — | +15.54% | |
| 40 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.33% | — | +14.84% | |
| 41 | ISRG | Intuitive Surgical INC | Stock-Healthcare | 0.32% | — | +7.72% | |
| 42 | WFC | Wells Fargo & Co | Stock-Financials | 0.32% | — | +13.57% | |
| 43 | LIN | Linde plc | Stock-Materials | 0.32% | +0.08% | +19.85% | |
| 44 | PEP | Pepsico INC | Stock-Consumer Staples | 0.31% | +0.04% | +11.86% | |
| 45 | RTX | Rtx CORP | Stock-Industrials | 0.31% | +0.05% | +17.54% | |
| 46 | APH | Amphenol Corp-cl A | Stock-Tech | 0.30% | — | +9.61% | |
| 47 | PM | Philip Morris International | Stock-Consumer Staples | 0.30% | — | +9.47% | |
| 48 | IBM | Intl Business Machines CORP | Stock-Tech | 0.30% | — | +15.25% | |
| 49 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.29% | — | +14.98% | |
| 50 | TJX | Tjx Companies INC | Stock-Consumer Disc | 0.29% | — | +11.07% |
Performance for Q3 2026
+3.3%
Performance Last 4 Quarters
+21.7%
Based on 77% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 1686 | $14.1B | 14 | |
| 2025-12-31 | 1570 | $13.3B | 12 | |
| 2025-09-30 | 1526 | $12.6B | 27 | |
| 2025-06-30 | 1508 | $12.0B | 0 | |
| 2025-03-31 | 1445 | $10.3B | 100 | |
| 2024-12-31 | 1443 | $11.0B | 0 | |
| 2024-09-30 | 1389 | $10.4B | 0 | |
| 2024-06-30 | 1316 | $9.8B | 0 | |
| 2024-03-31 | 1310 | $9.5B | 0 | |
| 2023-12-31 | 1275 | $8.3B | 0 | |
| 2023-09-30 | 1242 | $7.4B | 0 | |
| 2023-06-30 | 1256 | $7.5B | 0 | |
| 2023-03-31 | 1242 | $6.8B | 0 | |
| 2022-12-31 | 1234 | $6.2B | 0 | |
| 2022-09-30 | 1192 | $5.2B | 0 | |
| 2022-06-30 | 1191 | $5.0B | 0 | |
| 2022-03-31 | 1167 | $6.0B | 0 | |
| 2021-12-31 | 1172 | $6.4B | 0 | |
| 2021-09-30 | 1171 | $5.3B | 0 | |
| 2021-06-30 | 1247 | $5.4B | 100 | |
| 2021-03-31 | 1026 | $4.7B | 14 | |
| 2020-12-31 | 1046 | $4.6B | 20 | |
| 2020-09-30 | 1018 | $4.1B | 20 | |
| 2020-06-30 | 1031 | $3.9B | 100 | |
| 2020-03-31 | 185 | $122.7M | 100 | |
| 2019-12-31 | 160 | $163.1M | 83 | |
| 2019-09-30 | 181 | $181.3M | 49 | |
| 2019-06-30 | 256 | $283.9M | 21 | |
| 2019-03-31 | 266 | $287.3M | 34 | |
| 2018-12-31 | 254 | $257.1M | 45 | |
| 2018-09-30 | 284 | $297.5M | 62 | |
| 2018-06-30 | 233 | $220.4M | 64 | |
| 2018-03-31 | 230 | $237.6M | 64 | |
| 2017-12-31 | 197 | $166.7M | 63 | |
| 2017-09-30 | 180 | $152.8M | 100 | |
| 2017-06-30 | 258 | $399.6M | 100 | |
| 2017-03-31 | 296 | $372.8M | 76 | |
| 2016-12-31 | 290 | $370.7M | 100 | |
| 2016-09-30 | 235 | $282.0M | 48 | |
| 2016-06-30 | 217 | $271.5M | 45 | |
| 2016-03-31 | 155 | $263.0M | 70 | |
| 2015-12-31 | 119 | $271.2M | 79 | |
| 2015-09-30 | 103 | $258.7M | 100 | |
| 2015-06-30 | 105 | $282.9M | 100 | 1464286297717X397717W |
| 2015-03-31 | 68 | $280.7M | 90 | |
| 2014-12-31 | 79 | $243.6M | 88 | |
| 2014-09-30 | 86 | $241.9M | 73 | |
| 2014-06-30 | 69 | $234.7M | 100 | |
| 2014-03-31 | 59 | $237.0M | 32 | |
| 2013-12-31 | 50 | $216.0M | — |
Xponance LLC's most significant position changes for 2026-03-31: Add: Microsoft CORP (MSFT) — shares +10.38%; Add: Tesla INC (TSLA) — shares +10.46%; Add: Exxon Mobil CORP (XOM) — shares +15.54%; Add: Apple INC (AAPL) — shares +9.24%; Add: Meta Platforms Inc-class A (META) — shares +9.86%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | XOM | Exxon Mobil CORP | +0.3% | +15.54% | Add |
| 2 | JNJ | Johnson & Johnson | +0.2% | +14.11% | Add |
| 3 | CVX | Chevron CORP | +0.2% | +22.60% | Add |
| 4 | COST | Costco Wholesale CORP | +0.1% | +6.91% | Add |
| 5 | AMAT | Applied Materials INC | +0.1% | +17.96% | Add |
| 6 | WMT | Walmart INC | +0.1% | +13.21% | Add |
| 7 | GEV | GE Vernova INC | +0.1% | +8.30% | Add |
| 8 | MU | Micron Technology INC | +0.1% | +16.77% | Add |
| 9 | CAT | Caterpillar INC | +0.1% | +14.05% | Add |
| 10 | LRCX | Lam Research CORP | +0.1% | +2.78% | Add |
| 11 | VRT | Vertiv Holdings Co-a | +0.1% | +27.20% | Add |
| 12 | KLAC | Kla CORP | +0.1% | +8.42% | Add |
| 13 | LIN | Linde plc | +0.1% | +19.85% | Add |
| 14 | MRK | Merck & Co. INC. | +0.1% | +14.49% | Add |
| 15 | VZ | Verizon Communications INC | +0.1% | +18.45% | Add |
| 16 | INTC | Intel CORP | +0.1% | +20.49% | Add |
| 17 | COP | Conocophillips | +0.1% | +15.83% | Add |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +17.35% | Add |
| 19 | KO | Coca-cola Co/the | +0.1% | +10.44% | Add |
| 20 | ADI | Analog Devices INC | +0.1% | +21.72% | Add |
| 21 | TXN | Texas Instruments INC | +0.1% | +17.42% | Add |
| 22 | LMT | Lockheed Martin CORP | +0.1% | +21.64% | Add |
| 23 | GLW | Corning INC | +0.1% | +15.94% | Add |
| 24 | SNDK | Sandisk CORP | +0.1% | +53.53% | Add |
| 25 | NFLX | Netflix INC | +0.1% | +9.11% | Add |
| 26 | T | At&t INC | +0.1% | +10.70% | Add |
| 27 | NEE | Nextera Energy INC | +0.1% | +16.71% | Add |
| 28 | RTX | Rtx CORP | +0.1% | +17.54% | Add |
| 29 | WDC | Western Digital CORP | +0.1% | +13.03% | Add |
| 30 | PG | Procter & Gamble Co/the | 0% | +15.40% | Add |
| 31 | GILD | Gilead Sciences INC | 0% | +12.40% | Add |
| 32 | PEP | Pepsico INC | 0% | +11.86% | Add |
| 33 | AMGN | Amgen INC | 0% | +9.81% | Add |
| 34 | JPM | Jpmorgan Chase & Co | 0% | +17.34% | Add |
| 35 | CRM | Salesforce INC | -0.1% | +12.24% | Add |
| 36 | QCOM | Qualcomm INC | -0.1% | +2.15% | Add |
| 37 | NOW | Servicenow INC | -0.1% | +11.33% | Add |
| 38 | ADBE | Adobe INC | -0.1% | +7.04% | Add |
| 39 | GOOGL | Alphabet Inc-cl A | -0.1% | +10.98% | Add |
| 40 | INTU | Intuit INC | -0.1% | +8.85% | Add |
| 41 | APP | Applovin Corp-class A | -0.1% | +10.17% | Add |
| 42 | PLTR | Palantir Technologies Inc-a | -0.1% | +8.45% | Add |
| 43 | ORCL | Oracle CORP | -0.1% | +9.79% | Add |
| 44 | V | Visa Inc-class A Shares | -0.1% | +8.76% | Add |
| 45 | LLY | Eli Lilly & Co | -0.2% | +8.89% | Add |
| 46 | NVDA | Nvidia CORP | -0.2% | +9.98% | Add |
| 47 | AAPL | Apple INC | -0.3% | +9.24% | Add |
| 48 | META | Meta Platforms Inc-class A | -0.3% | +9.86% | Add |
| 49 | TSLA | Tesla INC | -0.3% | +10.46% | Add |
| 50 | MSFT | Microsoft CORP | -1.4% | +10.38% | Add |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-13 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-12 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-12 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-01 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-11 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-12 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-13 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-31 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-24 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-18 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-24 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-10-24 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-02 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-04-20 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-31 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-05 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-12 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-05-10 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-11 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-26 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-07 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-17 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-21 | Amendment | View on EDGAR |
| 2019-09-30 | 2019-10-24 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-11-21 | Amendment | View on EDGAR |
| 2019-06-30 | 2019-07-18 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-11-21 | Amendment | View on EDGAR |
| 2019-03-31 | 2019-04-17 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-11-21 | Amendment | View on EDGAR |
| 2018-12-31 | 2019-01-29 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2019-11-21 | Amendment | View on EDGAR |
| 2018-09-30 | 2018-10-19 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2019-11-21 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-07-26 | Amendment | View on EDGAR |
| 2018-06-30 | 2018-07-24 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2019-11-21 | Amendment | View on EDGAR |
| 2018-03-31 | 2018-04-26 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-06 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2019-11-21 | Amendment | View on EDGAR |
| 2017-09-30 | 2017-10-23 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2019-11-21 | Amendment | View on EDGAR |
| 2017-06-30 | 2017-07-21 | Amendment | View on EDGAR |
| 2017-06-30 | 2017-07-19 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2019-11-21 | Amendment | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2019-11-21 | Amendment | View on EDGAR |
| 2016-12-31 | 2017-01-13 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2019-11-21 | Amendment | View on EDGAR |
| 2016-09-30 | 2016-10-13 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-14 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-15 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-11 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-08 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-09 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-09 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-03-31 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2015-03-31 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2015-03-31 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2015-03-31 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2015-03-31 | 13F-HR | View on EDGAR |
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