XCBEW · X3 Acquisition Corp. Ltd. · Holdings
Substantial doubt about the company's ability to continue as a going concern.
“The Company's liquidity condition raises substantial doubt about our ability to continue as a going concern for a period of time within one year after the date that the accompanying unaudited condensed financial statements are issued. Management plans to address this uncertainty through a Business Combination. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after the Completion Window.”View the 10-Q filed Aug 14, 2026
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.
Institutional Ownership Trend
Who Holds XCBEW
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: 35 filers, like-for-like change +7.5%; actively managed books +7.5%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 65.3% | 20 | +4.3% |
| Exempt adviser | 1.6% | 1 | 0.0% |
| Adviser | 10.7% | 1 | -2.2% |
| Non-US | 8.7% | 4 | +17.2% |
| Unknown | 13.7% | 9 | +30.6% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Systematic-like | 8.0% | 4 | +1.0% |
| Concentrated | 10.9% | 4 | -4.9% |
| Diversified active | 81.1% | 27 | +10.1% |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 0.5% | 1 | new |
| Medium turnover | 53.9% | 14 | +2.5% |
| High turnover | 44.4% | 19 | +13.2% |
| Unknown | 1.2% | 1 | -6.0% |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 52.6% | 16 | +0.9% |
| Medium horizon | 9.5% | 3 | +24.6% |
| Long horizon | 21.0% | 6 | +2.7% |
| Unknown | 16.9% | 10 | +31.9% |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 15.3% | 9 | +6.1% |
| $1B to $10B | 47.7% | 14 | +8.2% |
| $10B to $100B | 30.7% | 10 | +8.7% |
| $100B or more | 6.3% | 2 | 0.0% |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Pooled investment vehicles | 63.1% | 19 | +0.8% |
| Registered funds and BDCs | 2.2% | 1 | new |
| Unknown | 34.7% | 15 | +14.0% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 64.5% | 20 | +4.4% |
| Other private funds | 2.5% | 1 | 0.0% |
| Private equity funds | 0.0% | 0 | — |
| Unknown | 33.1% | 14 | +14.8% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 84.1% | 27 | +3.9% |
| Outside the US | 15.9% | 8 | +31.1% |
The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.
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
35 13F filers, quarter ended Jun 30, 2026Measured 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.
Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).
Shared Holders
Companies XCBEW's active holders also own, quarter ended Jun 30, 2026| # | Company | Shared holders |
|---|---|---|
| 1 | TVAI Thayer Ventures Acquisition Corp II | 13 |
| 2 | MEVO M Evo Global Acquisition Corp II | 14 |
| 3 | ARTC Art Technology Acquisition Corp. | 12 |
| 4 | ILLU Illumination Acquisition Corp. I | 11 |
| 5 | MLAA Mountain Lake Acquisition Corp. II | 14 |
| 6 | EVAC EQV Ventures Acquisition Corp. II | 17 |
| 7 | XSLL Xsolla SPAC 1 | 13 |
| 8 | TACH Titan Acquisition Corp. | 14 |
| 9 | AACI Armada Acquisition Corp. III | 11 |
| 10 | SORN Soren Acquisition Corp. | 11 |
Shareholder Targets
13F filers that own its peers but not XCBEW, quarter ended Jun 30, 2026Found through its holder-overlap peers: TVAI, MEVO, ARTC, ILLU, MLAA, EVAC, XSLL, TACH, AACI, SORN, PTOR, SOUL, PTAC, DBCA, ARCI, BDCI, MBVI, OTGA, KRAQ, CAQ. 84 filers in all.
| # | Filer | In peers | Largest peers |
|---|---|---|---|
| 1 | Westchester Capital Management, LLC Registered adviser, Diversified active | $59,345,700 15 held | SOUL, TACH, MLAA |
| 2 | First Trust Capital Management L.P. Registered adviser, Diversified active | $56,890,625 13 held | SOUL, BDCI, EVAC |
| 3 | Context Capital Management, LLC Registered adviser, Diversified active | $48,796,537 14 held | MBVI, SOUL, DBCA |
| 4 | Crossingbridge Advisors, LLC Adviser, Diversified active | $44,891,729 8 held | SOUL, TACH, OTGA |
| 5 | HGC Investment Management Inc. Non-US, Diversified active | $41,087,735 11 held | KRAQ, SOUL, MBVI |
| 6 | Mint Tower Capital Management B.V. Unknown, Diversified active | $40,705,745 13 held | ARTC, TACH, MBVI |
| 7 | Sculptor Capital LP Registered adviser, Diversified active | $39,281,655 5 held | DBCA, KRAQ, EVAC |
| 8 | Governors Lane LP Registered adviser, Diversified active | $38,906,392 6 held | ARCI, KRAQ, MEVO |
| 9 | BlueCrest Capital Management Ltd Unknown, Concentrated | $38,583,060 8 held | KRAQ, EVAC, SORN |
| 10 | Ghisallo Capital Management LLC Registered adviser, Diversified active | $35,163,750 12 held | TACH, KRAQ, MLAA |
Quarterly Activity
New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Mid ABC ARBITRAGE SA XCBEW | — | — | 20,000 | Shares | 2026-10-23 |