Who owns ExlService Holdings, Inc. (EXLS)
Which tracked institutional funds hold EXLS, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See EXLS company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
87 tracked funds added or opened EXLS while 187 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
EXLS’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes EXLS more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in EXLS divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 459 tracked filers holding EXLS, 284 increased or opened the position and 231 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in EXLS between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 31
- VANGUARD CAPITAL MANAGEMENT LLC$205M
- VANGUARD PORTFOLIO MANAGEMENT LLC$198M
- Alyeska Investment Group, L.P.$35M
- VANGUARD FIDUCIARY TRUST CO$30M
- WINTON GROUP Ltd$8M
- Corient Private Wealth LLC$5M
Full exits 34
- VANGUARD GROUP INC$595M
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC$110M
- Hood River Capital Management LLC$67M
- TWO SIGMA ADVISERS, LP$66M
- FIL Ltd$53M
- NORDEA INVESTMENT MANAGEMENT AB$24M
Largest adds
- AQR CAPITAL MANAGEMENT LLC$126M
- NORGES BANK$69M
- TWO SIGMA INVESTMENTS, LP$48M
- CITADEL ADVISORS LLC$32M
- D. E. Shaw & Co., Inc.$25M
- LOS ANGELES CAPITAL MANAGEMENT LLC$24M
Largest trims
- BlackRock, Inc.$352M
- FMR LLC$200M
- JPMORGAN CHASE & CO$135M
- Boston Trust Walden Corp$83M
- Handelsbanken Fonder AB$78M
- GENEVA CAPITAL MANAGEMENT LLC$66M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 15,450,420 | $470M | 8.7% | 2026-Q1 |
| FMR LLC trimmed | 13,405,714 | $408M | 7.5% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 9,866,254 | $300M | 5.5% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 6,737,780 | $205M | 3.8% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 6,504,533 | $198M | 3.6% | 2026-Q1 |
| STATE STREET CORP added | 4,790,675 | $146M | 2.7% | 2026-Q1 |
| GENEVA CAPITAL MANAGEMENT LLC trimmed | 4,257,091 | $130M | 2.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,217,764 | $128M | 2.4% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 3,829,047 | $117M | 2.2% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 3,709,632 | $113M | 2.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 3,442,439 | $105M | 1.9% | 2026-Q1 |
| NORGES BANK added | 1,865,341 | $88M | 1.6% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 2,852,647 | $87M | 1.6% | 2026-Q1 |
| Fenimore Asset Management Inc trimmed | 2,757,931 | $84M | 1.5% | 2026-Q1 |
| Handelsbanken Fonder AB trimmed | 2,712,356 | $83M | 1.5% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 2,525,718 | $77M | 1.4% | 2026-Q1 |
| MORGAN STANLEY added | 2,496,635 | $76M | 1.4% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 2,195,322 | $67M | 1.2% | 2026-Q1 |
| FULLER & THALER ASSET MANAGEMENT, INC. trimmed | 2,158,328 | $66M | 1.2% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,982,668 | $60M | 1.1% | 2026-Q1 |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. trimmed | 1,894,324 | $58M | 1.1% | 2026-Q1 |
| SCHRODER INVESTMENT MANAGEMENT GROUP added | 1,800,293 | $55M | 1.0% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,597,750 | $49M | 0.9% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 1,506,357 | $46M | 0.8% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 1,344,347 | $41M | 0.8% | 2026-Q1 |
| Nuveen, LLC trimmed | 1,238,711 | $38M | 0.7% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 1,178,777 | $36M | 0.7% | 2026-Q1 |
| Alyeska Investment Group, L.P. added | 1,139,850 | $35M | 0.6% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 1,098,788 | $33M | 0.6% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 1,050,882 | $32M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 994,785 | $30M | 0.6% | 2026-Q1 |
| UBS Group AG trimmed | 989,047 | $30M | 0.6% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 948,530 | $29M | 0.5% | 2026-Q1 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ added | 939,698 | $29M | 0.5% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 927,046 | $28M | 0.5% | 2026-Q1 |
| Boston Trust Walden Corp trimmed | 904,225 | $28M | 0.5% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 818,654 | $25M | 0.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 814,020 | $25M | 0.5% | 2026-Q1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 793,876 | $24M | 0.4% | 2026-Q1 |
| Amundi added | 770,025 | $23M | 0.4% | 2026-Q1 |
| ALGERT GLOBAL LLC trimmed | 729,923 | $22M | 0.4% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 684,300 | $21M | 0.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 587,300 | $18M | 0.3% | 2026-Q1 |
| EULAV Asset Management | 584,065 | $18M | 0.3% | 2026-Q1 |
| Trexquant Investment LP added | 577,675 | $18M | 0.3% | 2026-Q1 |
| Tributary Capital Management, LLC added | 546,296 | $17M | 0.3% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 540,369 | $16M | 0.3% | 2026-Q1 |
| Caisse de depot et placement du Quebec added | 532,534 | $16M | 0.3% | 2026-Q1 |
| CONGRESS ASSET MANAGEMENT CO added | 502,144 | $15M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 487,098 | $15M | 0.3% | 2026-Q1 |
| MetLife Investment Management, LLC trimmed | 485,436 | $15M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 476,578 | $15M | 0.3% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 461,662 | $14M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 442,363 | $13M | 0.2% | 2026-Q1 |
| Invesco Ltd. trimmed | 439,520 | $13M | 0.2% | 2026-Q1 |
| MERCER GLOBAL ADVISORS INC /ADV added | 432,638 | $13M | 0.2% | 2026-Q1 |
| MARSHALL WACE, LLP added | 418,128 | $13M | 0.2% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 294,263 | $12M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 396,438 | $12M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC added | 383,004 | $12M | 0.2% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 361,286 | $11M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 353,584 | $11M | 0.2% | 2026-Q1 |
| Aberdeen Group plc trimmed | 340,076 | $10M | 0.2% | 2026-Q1 |
| Engineers Gate Manager LP added | 336,630 | $10M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 329,714 | $10M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System added | 324,308 | $10M | 0.2% | 2026-Q1 |
| SEI INVESTMENTS CO added | 323,347 | $10M | 0.2% | 2026-Q1 |
| Swiss National Bank trimmed | 314,040 | $10M | 0.2% | 2026-Q1 |
| Summit Creek Advisors LLC trimmed | 312,170 | $10M | 0.2% | 2026-Q1 |
| NEUMEIER POMA INVESTMENT COUNSEL LLC trimmed | 300,198 | $9M | 0.2% | 2026-Q1 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC trimmed | 297,950 | $9M | 0.2% | 2026-Q1 |
| Leeward Investments, LLC - MA trimmed | 295,609 | $9M | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 291,662 | $9M | 0.2% | 2026-Q1 |
| BARCLAYS PLC trimmed | 288,474 | $9M | 0.2% | 2026-Q1 |
| Retirement Systems of Alabama added | 262,256 | $8M | 0.1% | 2026-Q1 |
| RENAISSANCE GROUP LLC added | 252,806 | $8M | 0.1% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 248,802 | $8M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 14,020,611 | $595M | 11.0% | 2025-Q4 stale |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC trimmed | 2,584,072 | $110M | 2.0% | 2025-Q4 stale |
| Atairos Group, Inc. | 1,551,970 | $68M | 1.3% | 2025-Q3 stale |
| Hood River Capital Management LLC trimmed | 1,574,133 | $67M | 1.2% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP added | 1,551,400 | $66M | 1.2% | 2025-Q4 stale |
| FIL Ltd added | 1,252,129 | $53M | 1.0% | 2025-Q4 stale |
| Fiera Capital Corp trimmed | 777,512 | $37M | 0.7% | 2025-Q1 stale |
| Driehaus Capital Management LLC trimmed | 836,131 | $37M | 0.7% | 2025-Q2 stale |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 625,081 | $28M | 0.5% | 2025-Q3 stale |
| NORDEA INVESTMENT MANAGEMENT AB new | 552,242 | $24M | 0.4% | 2025-Q4 stale |
| Smith Group Asset Management, LLC added | 496,661 | $21M | 0.4% | 2025-Q4 stale |
| Cubist Systematic Strategies, LLC trimmed | 456,171 | $20M | 0.4% | 2025-Q3 stale |
| LORD, ABBETT & CO. LLC trimmed | 441,695 | $19M | 0.4% | 2025-Q2 stale |
| NEXT CENTURY GROWTH INVESTORS LLC trimmed | 377,818 | $17M | 0.3% | 2025-Q2 stale |
| LOOMIS SAYLES & CO L P trimmed | 384,887 | $16M | 0.3% | 2025-Q4 stale |
| M&G PLC added | 311,572 | $13M | 0.2% | 2025-Q4 stale |
| ExodusPoint Capital Management, LP added | 290,832 | $12M | 0.2% | 2025-Q4 stale |
| Corebridge Financial, Inc. trimmed | 253,628 | $12M | 0.2% | 2025-Q1 stale |
| TWINBEECH CAPITAL LP added | 220,273 | $10M | 0.2% | 2025-Q2 stale |
| JUPITER ASSET MANAGEMENT LTD trimmed | 205,347 | $9M | 0.2% | 2025-Q3 stale |
| JACOBS LEVY EQUITY MANAGEMENT, INC trimmed | 196,432 | $9M | 0.2% | 2025-Q2 stale |
| OBERWEIS ASSET MANAGEMENT INC/ | 194,400 | $9M | 0.2% | 2025-Q3 stale |
| Susquehanna Portfolio Strategies, LLC trimmed | 178,606 | $8M | 0.1% | 2025-Q3 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.