XCBE · X3 Acquisition Corp. Ltd. · Holdings

$10.03 At close · Oct 19

Market Cap

$282.09M

28.12M

Volume · Oct 19 7900 Avg daily vol (3M) 65.45K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of XCBE: 13F, 13D and 13G, insiders and funds →

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 56

Total Value: $221,137,706

Total Shares: 31,628,411

Institutional Ownership Trend

3 quarters

Holder Concentration

Across 56 13F filers

Top Holder

8.1%

of institutional value

Top 5

31.6%

of institutional value

Top 10

49.6%

of institutional value

HHI

365

Broadly held

Who Holds XCBE

Last 3 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 56 filers, like-for-like change +2.3%; actively managed books +2.0%; index-like books +909363.6%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	63.5%	27	+0.9%	0	0
Exempt adviser	4.3%	2	0.0%	0	0
Adviser	8.4%	2	-18.8%	0	0
Bank	0.9%	3	+5.2%	0	1
Insurer	0.8%	1	0.0%	0	0
Benefit plan	1.6%	1	0.0%	0	0
Non-US	7.8%	5	+6.2%	0	0
Holding company	0.0%	1	+272.7%	0	0
Unknown	12.6%	14	+33.5%	3	1

Style	Share	Filers	Change	New	Exited
Index-like	0.3%	2	+909363.6%	1	0
Systematic-like	11.3%	6	+10.8%	0	0
Concentrated	11.3%	7	-13.6%	1	1
Diversified active	77.1%	41	+3.5%	1	1

Turnover	Share	Filers	Change	New	Exited
Low turnover	1.9%	5	+268.2%	2	0
Medium turnover	55.7%	24	-1.0%	1	2
High turnover	40.2%	25	+3.2%	0	0
Unknown	2.2%	2	+10.3%	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	41.6%	19	-9.9%	0	0
Medium horizon	14.7%	8	+11.5%	2	1
Long horizon	24.7%	14	+9.7%	1	1
Unknown	19.0%	15	+19.7%	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	13.2%	14	-18.3%	0	1
$1B to $10B	50.5%	21	+4.7%	2	0
$10B to $100B	26.4%	14	+7.6%	1	0
$100B or more	9.9%	7	+12.4%	0	1

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.3%	1	0.0%	0	0
Pooled investment vehicles	60.9%	24	-0.1%	0	0
Registered funds and BDCs	2.4%	2	+36.5%	0	0
Unknown	36.5%	29	+4.9%	3	2

Private funds	Share	Filers	Change	New	Exited
Hedge funds	62.3%	26	+0.9%	0	0
Other private funds	2.6%	2	+0.1%	0	0
Private funds, type not stated	2.9%	1	0.0%	0	0
Private equity funds	0.0%	0	—	0	0
Unknown	32.1%	27	+5.6%	3	2

Location	Share	Filers	Change	New	Exited
United States	83.0%	43	+1.7%	3	1
Outside the US	17.0%	13	+5.4%	0	1

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Conviction and Crowding

47 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

0.000% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.057%

Mar 31, 2026: 0

Crowding

—

the issuer has more than one class of common stock, so its count is the total across classes

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

the issuer has more than one class of common stock, so its count is the total across classes

Top 10 holders

55.0%

of 13F shares, Herfindahl 0.043

Active holders

+11.1%

like-for-like share change of active filers

5% stakes on record

0 13D, 4 13G (3 institutional, 0 passive, 1 exempt)

How long holders have held it value-weighted 1.9 quarters

Under 1 year 100.0% 1 to 3 years 0.000% 3 years or more 0.000% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$9.90

estimated per share

Quarter-end price

$9.99

implied by 13F values

Estimated gain or loss

+0.9%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 12.7% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies XCBE's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	SUMA SUMA Acquisition Corp	3	0.612
2	KRAQ KRAKacquisition Corp	3	0.500
3	SOUL Soulpower Acquisition Corp.	6	0.433
4	PONO Pono Capital Four, Inc.	3	0.408
5	FTHA Forefront Tech Holdings Acquisition Corp	3	0.408
6	CAII Collective Acquisition Corp. II	4	0.396
7	LPAA Launch One Acquisition Corp.	3	0.387
8	TACH Titan Acquisition Corp.	3	0.354
9	SBXDF SilverBox Corp IV	4	0.327
10	EVAC EQV Ventures Acquisition Corp. II	5	0.315

Shareholder Targets

13F filers that own its peers but not XCBE, quarter ended Jun 30, 2026

Found through its holder-overlap peers: SUMA, KRAQ, SOUL, PONO, FTHA, CAII, LPAA, TACH, SBXDF, EVAC, ACGC, RNGT, QRED, BIXI, ALPX, OTGA, IGAC, JENA, NWAX, GSRF. 82 filers in all.

#	Filer	In peers	Of book	Largest peers
1	First Trust Capital Management L.P. Registered adviser, Diversified active	$74,434,651 14 held	6.95%	LPAA, SOUL, CAII
2	Westchester Capital Management, LLC Registered adviser, Diversified active	$74,375,369 14 held	4.17%	SOUL, JENA, GSRF
3	Crossingbridge Advisors, LLC Adviser, Diversified active	$54,716,269 9 held	10.8%	SOUL, TACH, SBXDF
4	Context Capital Management, LLC Registered adviser, Diversified active	$48,355,180 15 held	6.68%	BIXI, SOUL, QRED
5	Wealthspring Capital LLC Registered adviser, Diversified active	$38,548,339 10 held	11.2%	LPAA, TACH, NWAX
6	Harraden Circle Investments, LLC Registered adviser, Diversified active	$35,824,666 5 held	6.11%	NWAX, ALPX, GSRF
7	Decagon Asset Management LLP Unknown, Concentrated	$34,744,511 6 held	7.46%	NWAX, QRED, PONO
8	Governors Lane LP Registered adviser, Diversified active	$33,251,319 7 held	3.39%	NWAX, KRAQ, RNGT
9	RLH Capital LLC Unknown, Diversified active	$33,099,152 10 held	17.3%	GSRF, SOUL, TACH
10	Karpus Management, Inc. Adviser, Diversified active	$32,895,176 8 held	0.960%	ACGC, SOUL, QRED

Fund Ownership of XCBE by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0.00% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	0.00%	0.00 pp	0	0
Index ETFs	0.00%	0.00 pp	0	0
Active ETFs	0.03%	+0.03 pp	9,592	1
Active funds	0.71%	+0.36 pp	200,000	2
Unclassified	0.00%	0.00 pp	0	0
All registered funds	0.75%	+0.39 pp	209,592	3

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Holder type: Registered adviser 27 Exempt adviser 2 Adviser 2 Bank 3 Insurer 1 Benefit plan 1 Non-US 5 Holding company 1 Unknown 14

Showing 95 of 95

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

ADAGE CAPITAL PARTNERS GP, L.L.C.

$17,982,000

8.13%

1,800,000

METEORA CAPITAL, LLC

$14,066,709

6.36%

1,408,079

Magnetar Financial LLC

$13,986,000

6.32%

1,400,000

Linden Advisors LP

$13,986,000

6.32%

1,400,000

D. E. Shaw & Co., Inc.

$9,890,100

4.47%

990,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	990,000	$9,890,100	100.0%	Defined

LMR Partners LLP XCBEU

$9,027,000

4.08%

900,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
LMR PARTNERS (DIFC) Ltd	900,000	$9,027,000	100.0%	Sole

TENOR CAPITAL MANAGEMENT Co., L.P.

$7,492,480

3.39%

749,998

GLAZER CAPITAL, LLC

$7,326,116

3.31%

733,345

AQR Arbitrage LLC

$7,309,023

3.31%

731,634

ARISTEIA CAPITAL, L.L.C. XCBEU

$7,021,000

3.17%

700,000

WHITEBOX ADVISORS LLC

$6,993,000

3.16%

700,000

MILLENNIUM MANAGEMENT LLC

$6,493,500

2.94%

650,000

Hudson Bay Capital Management LP

$5,994,000

2.71%

600,000

WOLVERINE ASSET MANAGEMENT LLC

$5,862,751

2.65%

586,862

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	586,862	$5,862,751	100.0%	Defined

Radcliffe Capital Management, L.P.

$5,750,234

2.60%

575,599

OMERS ADMINISTRATION Corp XCBEU

$5,015,000

2.27%

500,000

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND

$4,995,000

2.26%

500,000

BNP PARIBAS ARBITRAGE, SA

$4,985,569

2.25%

499,056

Shaolin Capital Management LLC

$4,923,171

2.23%

492,810

SONA ASSET MANAGEMENT (US) LLC

$4,495,500

2.03%

450,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SONA ASSET MANAGEMENT (UK) LLP	450,000	$4,495,500	100.0%	Other

Polar Asset Management Partners Inc.

$3,996,000

1.81%

400,000

RIVERNORTH CAPITAL MANAGEMENT, LLC

$3,991,924

1.81%

399,592

TWO SIGMA INVESTMENTS, LP

$3,621,375

1.64%

362,500

Alberta Investment Management Corp

$3,496,500

1.58%

350,000

Periscope Capital Inc.

$2,995,002

1.35%

299,800

Clear Street Group Inc.

$2,875,052

1.30%

287,793

COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS

$2,747,250

1.24%

275,000

TORONTO DOMINION BANK XCBEU

$2,675,001

1.21%

266,700

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TD SECURITIES (USA) LLC	266,700	$2,675,001	100.0%	Defined

Lineage Point Capital LP XCBEU

$2,523,287

1.14%

251,574

CSS LLC/IL

$2,497,500

1.13%

250,000

MMCAP International Inc. SPC

$2,497,500

1.13%

250,000

PICTON MAHONEY ASSET MANAGEMENT

$2,497,480

1.13%

249,998

BERKLEY W R CORP

$2,477,779

1.12%

248,026

MOORE CAPITAL MANAGEMENT, LP

$1,998,000

0.90%

200,000

BOOTHBAY FUND MANAGEMENT, LLC

$1,971,766

0.89%

197,374

Calamos Advisors LLC XCBEU

$1,502,925

0.68%

149,843

HEIGHTS CAPITAL MANAGEMENT, INC

$1,498,500

0.68%

150,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CVI Investments, Inc.	150,000	$1,498,500	100.0%	Other

ARISTEIA CAPITAL, L.L.C.

$1,498,500

0.68%

150,000

Schonfeld Strategic Advisors LLC

$1,498,500

0.68%

150,000

MIZUHO SECURITIES USA LLC

$999,000

0.45%

100,000

Centiva Capital, LP

$940,948

0.43%

94,189

DELTEC ASSET MANAGEMENT LLC

$852,550

0.39%

85,000

Quarry LP XCBEU

$752,250

0.34%

75,000

Warberg Asset Management LLC

$749,250

0.34%

75,000

CANTOR FITZGERALD, L. P.

$623,336

0.28%

62,396

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Cantor Fitzgerald & Co.	62,396	$623,336	100.0%	Defined

Kepos Capital LP

$499,500

0.23%

50,000

K2 PRINCIPAL FUND, L.P.

$499,500

0.23%

50,000

Verition Fund Management LLC

$499,500

0.23%

50,000

PenderFund Capital Management Ltd.

$391,627

0.18%

39,202

HIGHBRIDGE CAPITAL MANAGEMENT LLC

$370,549

0.17%

37,092

ABC ARBITRAGE SA

$351,050

0.16%

35,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ABC ARBITRAGE ASSET MANAGEMENT joint	35,000	$351,050	100.0%	Other

Clear Street Group Inc. XCBEU

$328,893

0.15%

32,791

Virtu Financial LLC

$269,959

0.12%

27,023

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Virtu Americas LLC	27,023	$269,959	100.0%	Defined

HRT FINANCIAL LP XCBEU

$251,251

0.11%

25,050

TORONTO DOMINION BANK

$149,850

0.07%

15,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TD SECURITIES (USA) LLC	15,000	$149,850	100.0%	Defined

JPMORGAN CHASE & CO XCBEU

$100,300

0.05%

10,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	10,000	$100,300	100.0%	Defined

GLAZER CAPITAL, LLC XCBEU

$36,960

0.02%

3,685

UBS Group AG XCBEU

$17,030

0.01%

1,698

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Securities LLC	1,698	$17,030	100.0%	Defined

MORGAN STANLEY

$409

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY CAPITAL SERVICES, LLC	41	$409	100.0%	Defined

TENOR CAPITAL MANAGEMENT Co., L.P. XCBEW

—

374,999

RIVERNORTH CAPITAL MANAGEMENT, LLC XCBEW

—

200,000

Polar Asset Management Partners Inc. XCBEW

—

207,000

Verition Fund Management LLC XCBEW

—

155,950

Magnetar Financial LLC XCBEW

—

700,000

Clear Street Group Inc. XCBEW

—

108,822

Radcliffe Capital Management, L.P. XCBEW

—

275,000

Fort Baker Capital Management LP XCBEW

—

300,000

ADAGE CAPITAL PARTNERS GP, L.L.C. XCBEW

—

900,000

MOORE CAPITAL MANAGEMENT, LP XCBEW

—

100,000

Periscope Capital Inc. XCBEW

—

149,900

BOOTHBAY FUND MANAGEMENT, LLC XCBEW

—

99,516

HEIGHTS CAPITAL MANAGEMENT, INC XCBEW

—

75,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CVI Investments, Inc.	75,000	$0	—	Other

SONA ASSET MANAGEMENT (US) LLC XCBEW

—

225,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SONA ASSET MANAGEMENT (UK) LLP	225,000	$0	—	Other

AQR Arbitrage LLC XCBEW

—

363,947

Centiva Capital, LP XCBEW

—

47,094

PICTON MAHONEY ASSET MANAGEMENT XCBEW

—

124,999

WHITEBOX ADVISORS LLC XCBEW

—

350,000

MMCAP International Inc. SPC XCBEW

—

125,000

METEORA CAPITAL, LLC XCBEW

—

977,747

MILLENNIUM MANAGEMENT LLC XCBEW

—

325,000

ABC ARBITRAGE SA XCBEW

—

20,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ABC ARBITRAGE ASSET MANAGEMENT joint	20,000	$0	—	Other

CSS LLC/IL XCBEW

—

125,000

Alberta Investment Management Corp XCBEW

—

175,000

Linden Advisors LP XCBEW

—

699,999

D. E. Shaw & Co., Inc. XCBEW

—

325,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	325,000	$0	—	Defined

Schonfeld Strategic Advisors LLC XCBEW

—

57,500

COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS XCBEW

—

50,000

BNP PARIBAS ARBITRAGE, SA XCBEW

—

249,528

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND XCBEW

—

250,000

K2 PRINCIPAL FUND, L.P. XCBEW

—

409,649

Warberg Asset Management LLC XCBEW

—

20,737

Shaolin Capital Management LLC XCBEW

—

307,368

Kepos Capital LP XCBEW

—

19,250

Hudson Bay Capital Management LP XCBEW

—

300,000

GLAZER CAPITAL, LLC XCBEW

—

310,656

Key facts CIK 2083493 CUSIP G9831H101 13F (30d) 2 filings 2 filers