Who owns XBP Global Holdings (XBP)
Which tracked institutional funds hold XBP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XBP company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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
The tracked-fund tape on XBP is one-sided between 2026-Q1 and 2026-Q2: 0 added or opened and 10 trimmed or exited — on balance reducing.
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
XBP’s largest tracked holder by dollar value, LASRY MARC, sizes it at 64.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 64.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in XBP 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 2026-Q1 and 2026-Q2, across 46 tracked filers holding XBP, 8 increased or opened the position and 9 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 XBP between the 2026-Q1 and 2026-Q2 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.
Full exits 1
- TENOR CAPITAL MANAGEMENT Co., L.P.$1M
Largest trims
- Context Capital Management, LLC$20M
- Gates Capital Management, Inc.$7M
- HoldCo Asset Management, LP$2M
- CANTOR FITZGERALD, L. P.$1M
- BANK OF AMERICA CORP /DE/$403K
- BlackRock, Inc.$355K
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 |
|---|---|---|---|---|
| Gates Capital Management, Inc. | 3,193,149 | $7M | 26.0% | 2026-Q2 |
| CANTOR FITZGERALD, L. P. added | 818,119 | $2M | 6.7% | 2026-Q2 |
| HoldCo Asset Management, LP | 787,141 | $2M | 6.4% | 2026-Q2 |
| BlackRock, Inc. added | 176,686 | $410K | 1.4% | 2026-Q2 |
| Allianz Asset Management GmbH | 168,751 | $392K | 1.4% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 127,383 | $296K | 1.0% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 125,680 | $292K | 1.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 123,937 | $288K | 1.0% | 2026-Q2 |
| BRC Group Holdings, Inc. | 73,657 | $171K | 0.6% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 58,198 | $135K | 0.5% | 2026-Q2 |
| Jefferies Financial Group Inc. | 54,609 | $127K | 0.4% | 2026-Q2 |
| Shay Capital LLC | 25,000 | $58K | 0.2% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 23,460 | $54K | 0.2% | 2026-Q2 |
| STATE STREET CORP | 22,710 | $53K | 0.2% | 2026-Q2 |
| Linden Advisors LP | 1,040,133 | $50K | 0.2% | 2026-Q2 |
| Brookfield Corp /ON/ | 19,681 | $46K | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 17,870 | $41K | 0.1% | 2026-Q2 |
| National Philanthropic Trust trimmed | 15,491 | $36K | 0.1% | 2026-Q2 |
| Anson Funds Management LP | 12,537 | $29K | 0.1% | 2026-Q2 |
| ARISTEIA CAPITAL, L.L.C. | 459,524 | $22K | 0.1% | 2026-Q2 |
| Crewe Advisors LLC added | 9,000 | $21K | 0.1% | 2026-Q2 |
| Clear Street Group Inc. | 446,611 | $21K | 0.1% | 2026-Q2 |
| Context Capital Management, LLC | 357,933 | $17K | 0.1% | 2026-Q2 |
| TORONTO DOMINION BANK | 309,159 | $14K | 0.0% | 2026-Q2 |
| K2 PRINCIPAL FUND, L.P. | 233,305 | $12K | 0.0% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 3,940 | $9K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 3,756 | $9K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 2,986 | $7K | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS | 149,050 | $7K | 0.0% | 2026-Q2 |
| Polar Asset Management Partners Inc. | 75,600 | $4K | 0.0% | 2026-Q2 |
| UBS Group AG added | 1,143 | $3K | 0.0% | 2026-Q2 |
| JANE STREET GROUP, LLC | 50,976 | $2K | 0.0% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT | 50,000 | $2K | 0.0% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 45,429 | $2K | 0.0% | 2026-Q2 |
| Blue Owl Capital Holdings LP | 24,778 | $1K | 0.0% | 2026-Q2 |
| LMR Partners LLP | 25,000 | $1K | 0.0% | 2026-Q2 |
| TPG GP A, LLC | 25,000 | $1K | 0.0% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 20,399 | $940 | 0.0% | 2026-Q2 |
| D. E. Shaw & Co., Inc. | 19,714 | $909 | 0.0% | 2026-Q2 |
| OMERS ADMINISTRATION Corp | 10,000 | $635 | 0.0% | 2026-Q2 |
| BARCLAYS PLC added | 100 | $232 | 0.0% | 2026-Q2 |
| Ancora Advisors LLC | 3,175 | $152 | 0.0% | 2026-Q2 |
| MORGAN STANLEY trimmed | 33 | $76 | 0.0% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 32 | $74 | 0.0% | 2026-Q2 |
| Mountain Hill Investment Partners Corp. | 17 | $39 | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. | 1 | $2 | 0.0% | 2026-Q2 |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 25,000 | $1M | 4.9% | 2026-Q1 stale (1 quarter behind) |
| CastleKnight Management LP trimmed | 56,553 | $249K | 0.9% | 2026-Q1 stale (1 quarter behind) |
| Alpine Global Management, LLC trimmed | 21,518 | $95K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| DUPONT CAPITAL MANAGEMENT CORP | 2,500 | $159 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Farther Finance Advisors, LLC | 399 | $22 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| CITADEL ADVISORS LLC trimmed | 22,262 | $152K | 0.5% | 2025-Q4 stale (2 quarters behind) |
| ROYAL BANK OF CANADA added | 96 | $1K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| LASRY MARC new | 12,107,907 | $10M | 34.2% | 2025-Q3 stale (3 quarters behind) |
| Man Group plc new | 2,251,373 | $2M | 6.4% | 2025-Q3 stale (3 quarters behind) |
| NOMURA HOLDINGS INC new | 1,069,797 | $863K | 3.0% | 2025-Q3 stale (3 quarters behind) |
| NOMURA ASSET MANAGEMENT CO LTD new | 420,587 | $339K | 1.2% | 2025-Q3 stale (3 quarters behind) |
| Clear Harbor Asset Management, LLC new | 51,906 | $42K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO new | 38,030 | $31K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Private Advisor Group, LLC new | 12,000 | $10K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Westchester Capital Management, LLC | 62,499 | $2K | 0.0% | 2025-Q3 stale (3 quarters behind) |
| CITIGROUP INC new | 36 | $29 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Clear Street Derivatives LLC | 500 | $27 | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
2 parent filings withheld from the table above, and from the coverage figures, to avoid listing one book twice: VANGUARD GROUP INC (last filed 2025-Q4, 189,521 shares) reconciles to its 3 current affiliates (189,521 shares) — 0.000% apart; CLEAR STREET LLC (last filed 2025-Q2, 447,261 shares) reconciles to its 1 current affiliate (446,611 shares) — 0.145% apart.
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.