XN Exponent Advisors LLC

CIK

1843228

Location

New York, NY

Portfolio Value

Mid $2,084,071,821

Diversification

Diversified

Reports for

XN LP

Filing Date

Global Rank

#1,136 / 6,035 ▼ 6 · as of Sep 2021

Top Industry

Software - Application 25.9%

Period ended 5 years ago

Filed Nov 15, 2021 · 4y

4 quarters · since Dec 2020

Regulatory profile

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

Holder type

Unknown

13F reports continue under

XN LP from Dec 31, 2021

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2021, never from the firm's own description.

Style

Concentrated

The top 10 positions are 67.6% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 2.8 quarters (under 4)

Closest benchmark: the Nasdaq-100 as of 2021-09-30, active share 85.5%; sector active share 45.3% against the combined 13F book's sector weights.

Over time 4 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

26 tracked positions · as of Sep 30, 2021 · Δ vs Jun 30, 2021

Top Position

11.5%

−0.5 pts

Top 5

41.7%

+3.5 pts

Top 10

67.9%

+3.5 pts

HHI

584

Diversified+19

Portfolio Trend

4 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2021

Sector	% Portfolio	Value	Positions
Technology	29.4%	$613,703,125	6
Consumer Cyclical	24.5%	$510,954,962	5
Industrials	21.6%	$450,404,580	5
Communication Services	11.7%	$244,233,154	4
Unclassified	10.2%	$212,905,000	4
Consumer Defensive	1.5%	$30,811,000	1
Financial Services	1.0%	$21,060,000	1

Last Quarter's Activity

Export CSV

Sep 30, 2021 vs Jun 30, 2021

Added To

Positions the filer increased

8 positions

Ticker	Company	Δ Shares	Shares	Value
—		+3,773,585	4,185,753	$47,299,000
UBER	Uber Technologies, Inc	+688,000	3,036,300	$136,026,240
—		+282,620	2,412,574	$90,423,000
CZR	Caesars Entertainment, Inc.	+76,581	1,174,212	$131,840,523
PCOR	Procore Technologies, Inc.	+65,136	558,195	$49,869,141
TDG	TransDigm Group INC	+38,300	243,100	$151,832,967
AMZN	Amazon Com Inc	+11,700	30,200	$99,208,208
BKNG	Booking Holdings Inc.	+5,600	78,881	$187,253,239
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
WAB	Westinghouse Air Brake Technologies Corp	−258,471	2,770,171	$238,816,441
—		−24,400	491,300	$71,096,000
GOOG	Alphabet Inc.	−10,800	23,335	$62,195,000
ESTC	Elastic N.V.	−5,398	790,402	$117,761,993
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
TWLO	Twilio Inc	403,500	$128,736,675
RNG	RingCentral, Inc.	511,500	$111,251,250
UPWK	Upwork, Inc	1,651,445	$74,364,568
PTON	Peloton Interactive, Inc.	556,100	$48,408,505
CMCSA	Comcast Corp	691,500	$38,675,599
CSX	Csx Corp	1,287,800	$38,299,172
—		1,100,000	$30,811,000
HIPO	Hippo Holdings Inc.	4,500,000	$21,060,000
EVLV	Evolv Technologies Holdings, Inc.	1,800,000	$10,800,000
ACHR	Archer Aviation Inc.	1,200,000	$10,656,000
—		120,000	$4,087,000
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
PINS	Pinterest, Inc.	1,672,000	$132,004,400
MAR	Marriott International Inc	900,493	$122,935,304
NFLX	Netflix Inc	178,000	$94,021,380
OPTU	Optimum Communications, Inc.	2,257,278	$77,063,470
MTCH	Match Group, Inc.	437,700	$70,579,125
HLT	Hilton Worldwide Holdings Inc.	554,900	$66,932,038
OWL	Blue Owl Capital Inc.	3,250,000	$41,860,000
OSCR	Oscar Health, Inc.	1,150,000	$24,725,000
PAYO	Payoneer Global Inc.	1,000,000	$10,370,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

26 tracked positions · $2,084,071,821 total · filing declares 28 positions · $2,087,922,000 · as of Sep 30, 2021

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
WAB	Westinghouse Air Brake Technologies Corp Industrials	Reduced	2,770,171	-258,471	$238,816,441	−4.2%	4	before history	11.46%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	78,881	+5,600	$187,253,239	+16.8%	4	before history	8.98%
UBER	Uber Technologies, Inc CALL + SHARES Technology	Added	3,536,300	+1,188,000	$158,426,240	+34.6%	4	before history	7.60%
TDG	TransDigm Group INC Industrials	Added	243,100	+38,300	$151,832,967	+14.5%	3	$601.58	7.29%
CZR	Caesars Entertainment, Inc. Consumer Cyclical	Added	1,174,212	+76,581	$131,840,523	+15.8%	3	$87.16	6.33%
TWLO	Twilio Inc Technology	NEW	403,500	NEW	$128,736,675	NEW	1	$364.14	6.18%
ESTC	Elastic N.V. Technology	Reduced	790,402	-5,398	$117,761,993	+1.5%	4	before history	5.65%
RNG	RingCentral, Inc. Technology	NEW	511,500	NEW	$111,251,250	NEW	1	$253.52	5.34%
AMZN	Amazon Com Inc Consumer Cyclical	Added	30,200	+11,700	$99,208,208	+55.9%	2	$3,372.75	4.76%
		Added	2,412,574	+282,620	$90,423,000	−15.7%	4	before history	4.34%
UPWK	Upwork, Inc Communication Services	NEW	1,651,445	NEW	$74,364,568	NEW	1	$48.74	3.57%
		Reduced	491,300	-24,400	$71,096,000	−4.6%	2	unpriced	3.41%
META	Meta Platforms, Inc. Communication Services	Held	203,300	0	$68,997,987	−2.4%	4	before history	3.31%
GOOG	Alphabet Inc. Communication Services	Reduced	23,335	-10,800	$62,195,000	−27.3%	4	before history	2.98%
PCOR	Procore Technologies, Inc. Technology	Added	558,195	+65,136	$49,869,141	+6.5%	2	$88.48	2.39%
PTON	Peloton Interactive, Inc. Consumer Cyclical	NEW	556,100	NEW	$48,408,505	NEW	1	$110.54	2.32%
SNOW	Snowflake Inc. Technology	Held	157,583	0	$47,657,826	+25.1%	4	before history	2.29%
		Added	4,185,753	+3,773,585	$47,299,000	+904.9%	2	unpriced	2.27%
CPNG	Coupang, Inc. Consumer Cyclical	Held	1,588,671	0	$44,244,487	−33.4%	3	unpriced	2.12%
CMCSA	Comcast Corp Communication Services	NEW	691,500	NEW	$38,675,599	NEW	1	unpriced	1.86%
CSX	Csx Corp Industrials	NEW	1,287,800	NEW	$38,299,172	NEW	1	$32.02	1.84%
		NEW	1,100,000	NEW	$30,811,000	NEW	1	unpriced	1.48%
HIPO	Hippo Holdings Inc. Financial Services	NEW	4,500,000	NEW	$21,060,000	NEW	1	$7.01	1.01%
EVLV	Evolv Technologies Holdings, Inc. Industrials	NEW	1,800,000	NEW	$10,800,000	NEW	1	$8.26	0.52%
ACHR	Archer Aviation Inc. Industrials	NEW	1,200,000	NEW	$10,656,000	NEW	1	$9.79	0.51%
		NEW	120,000	NEW	$4,087,000	NEW	1	unpriced	0.20%

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.