XN LP

Registered adviser

CIK

1756558

Location

New York, NY

Portfolio Value

Mid $3,799,416,401

Diversification

Diversified

Filing Date

Global Rank

#1,073 / 8,826 ▲ 146

Top Industry

Aerospace & Defense 22.5%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

19 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 308156

Roster of Nov 1, 2026

Regulatory AUM

$7,411,335,465

Main clients

Pooled investment vehicles (100% of AUM)

Private funds

13 funds · Hedge funds

Focus by gross assets, Schedule D of Nov 25, 2024

$7,404,703,887 gross assets

LEI

549300ZCXBMPED2E6D78

Private funds on Schedule D 7.B.(1)

As filed Nov 25, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$3,509,215,692 gross assets in 10 funds Hedge funds $3,219,241,738 (4) Private equity funds $289,973,954 (6)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$7,411,335,465	Pooled investment vehicles (100%)
Mar 2026	$4,461,725,326	Pooled investment vehicles (100%)
Apr 2025 to Feb 2026	$4,461,725,326	Pooled investment vehicles (100%)
Dec 2024 to Mar 2025	$3,286,720,636	Pooled investment vehicles (100%)
Apr 2024 to Nov 2024	$3,286,720,636	Pooled investment vehicles (100%)
May 2023 to Mar 2024	$2,521,987,629	Pooled investment vehicles (100%)

5 earlier changes not shown.

Continues the 13F reports of

XN Exponent Advisors LLC from Dec 31, 2021

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 65.0% of the book (60%+)

Turnover

Medium turnover

66.4% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 6.5 quarters (4 to under 12)

Closest benchmark: the Dow Jones Industrial Average as of 2026-07-31, active share 88.1%; sector active share 46.7% against the combined 13F book's sector weights.

Over time 19 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

27 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

13.5%

−0.6 pts

Top 5

45.2%

+3.6 pts

Top 10

65.0%

−3.5 pts

HHI

640

Diversified+9

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	31.9%	$1,211,084,583	8
Technology	23.8%	$902,888,083	7
Communication Services	19.4%	$735,636,530	4
Basic Materials	14.6%	$555,329,442	3
Consumer Cyclical	6.1%	$230,106,058	2
Healthcare	1.9%	$72,437,475	1
Financial Services	1.7%	$65,378,775	1
Utilities	0.7%	$26,555,455	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
TKO	TKO Group Holdings, Inc.	+596,672	2,492,185	$501,701,762
FERG	Ferguson Enterprises Inc.	+269,999	515,420	$122,324,628
SHW	Sherwin Williams Co	+212,832	784,110	$269,984,755
NVDA	Nvidia Corp	+21,318	550,888	$110,227,179
No positions match the current search.

Trimmed

Positions the filer reduced

9 positions

Ticker	Company	Δ Shares	Shares	Value
TOST	Toast, Inc.	−2,120,764	4,389,160	$122,106,431
SOLS	Solstice Advanced Materials Inc.	−507,036	2,158,232	$191,219,355
GLW	Corning Inc	−244,146	766,265	$195,727,068
GE	General Electric Co	−104,580	464,647	$173,652,523
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−72,388	498,690	$238,159,383
SPOT	Spotify Technology S.A.	−66,939	160,032	$73,475,492
WDC	Western Digital Corp	−56,251	219,231	$140,027,224
AMZN	Amazon Com Inc	−41,800	523,428	$124,753,829
CRS	Carpenter Technology Corp	−17,627	171,170	$105,584,502
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
SPCX	Space Exploration Technologies Corp	3,000,000	$512,580,000
HEI-A	Heico Corp	475,566	$122,653,227
AUR	Aurora Innovation, Inc.	15,447,541	$105,352,229
MAIR	Madison Air Solutions Corp	2,630,403	$102,585,717
WAT	Waters Corp	193,146	$72,437,475
WULF	Terawulf Inc.	2,646,914	$65,378,775
DPC	DPC Holdings PLC	970,793	$47,627,104
FRVO	Fervo Energy Co	908,500	$26,555,455
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
AMAT	Applied Materials Inc	483,240	$165,166,599
MOD	Modine Manufacturing Co	646,333	$140,066,824
CBRE	Cbre Group, Inc.	400,221	$54,213,936
BE	Bloom Energy Corp	90,257	$12,228,920
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

27 tracked positions · $3,799,416,401 total · filing declares 27 positions · $3,799,416,410 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPCX	Space Exploration Technologies Corp Industrials	NEW	3,000,000	NEW	$512,580,000	NEW	1	unpriced	13.49%
TKO	TKO Group Holdings, Inc. Communication Services	Added	2,492,185	+596,672	$501,701,762	+31.3%	11	$123.63	13.20%
SHW	Sherwin Williams Co Basic Materials	Added	784,110	+212,832	$269,984,755	+47.4%	9	$332.14	7.11%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	498,690	-72,388	$238,159,383	+23.4%	7	$194.24	6.27%
GLW	Corning Inc Technology	Reduced	766,265	-244,146	$195,727,068	+42.5%	2	$120.60	5.15%
SOLS	Solstice Advanced Materials Inc. Basic Materials	Reduced	2,158,232	-507,036	$191,219,355	−5.8%	3	$62.81	5.03%
GE	General Electric Co Industrials	Reduced	464,647	-104,580	$173,652,523	+7.5%	14	unpriced	4.57%
WDC	Western Digital Corp Technology	Reduced	219,231	-56,251	$140,027,224	+87.9%	2	$261.05	3.69%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	523,428	-41,800	$124,753,829	+6.0%	18	unpriced	3.28%
HEI-A	Heico Corp Industrials	NEW	475,566	NEW	$122,653,227	NEW	1	$228.50	3.23%
FERG	Ferguson Enterprises Inc. Industrials	Added	515,420	+269,999	$122,324,628	+113.7%	7	$226.05	3.22%
TOST	Toast, Inc. Technology	Reduced	4,389,160	-2,120,764	$122,106,431	−29.2%	11	$27.36	3.21%
NVDA	Nvidia Corp Technology	Added	550,888	+21,318	$110,227,179	+19.3%	10	$98.69	2.90%
CRS	Carpenter Technology Corp Industrials	Reduced	171,170	-17,627	$105,584,502	+41.9%	2	$364.23	2.78%
AUR	Aurora Innovation, Inc. Consumer Cyclical	NEW	15,447,541	NEW	$105,352,229	NEW	1	$6.12	2.77%
GOOG	Alphabet Inc. Communication Services	Held	292,804	0	$103,456,437	+23.2%	19	before history	2.72%
MAIR	Madison Air Solutions Corp Industrials	NEW	2,630,403	NEW	$102,585,717	NEW	1	$38.98	2.70%
CRH	Crh Public Ltd Co Basic Materials	Held	879,676	0	$94,125,332	+1.8%	4	$105.61	2.48%
PCOR	Procore Technologies, Inc. Technology	Held	2,218,026	0	$90,096,216	−28.7%	17	$64.42	2.37%
SPOT	Spotify Technology S.A. Communication Services	Reduced	160,032	-66,939	$73,475,492	−33.2%	6	$623.90	1.93%
WAT	Waters Corp Healthcare	NEW	193,146	NEW	$72,437,475	NEW	1	$341.12	1.91%
WULF	Terawulf Inc. Financial Services	NEW	2,646,914	NEW	$65,378,775	NEW	1	$23.00	1.72%
		Held	2,138,141	0	$57,002,839	−2.9%	4	$13.62	1.50%
DPC	DPC Holdings PLC Industrials	NEW	970,793	NEW	$47,627,104	NEW	1	unpriced	1.25%
FRVO	Fervo Energy Co Utilities	NEW	908,500	NEW	$26,555,455	NEW	1	$36.11	0.70%
JCI	Johnson Controls International plc Industrials	Held	164,786	0	$24,076,882	+11.6%	7	$92.75	0.63%
FIG	Figma, Inc. Technology	Held	361,779	0	$6,544,582	−14.4%	4	$68.66	0.17%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.