Who owns XCAFX (XCAFX)
Which tracked institutional funds hold XCAFX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XCAFX 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
8 tracked funds added or opened XCAFX while 7 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
XCAFX’s largest tracked holder by dollar value, CITY OF LONDON INVESTMENT MANAGEMENT CO LTD, sizes it at 7.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 7.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in XCAFX 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 31 tracked filers holding XCAFX, 15 increased or opened the position and 17 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
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 XCAFX 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 3
- BANK OF MONTREAL /CAN/$3M
- Sculptor Capital LP$2M
- Ursa Fund Management, LLC$1M
Full exits 1
- Shaker Financial Services, LLC$632K
Largest adds
- Allspring Global Investments Holdings, LLC$3M
- UBS Group AG$1M
- COHEN & STEERS, INC.$849K
- CITY OF LONDON INVESTMENT MANAGEMENT CO LTD$743K
- CSS LLC/IL$688K
Largest trims
- LAZARD ASSET MANAGEMENT LLC$7M
- PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO$7M
- Saba Capital Management, L.P.$2M
- Karpus Management, Inc.$1M
- Matisse Capital$928K
- 1607 Capital Partners, LLC$922K
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 |
|---|---|---|---|---|
| CITY OF LONDON INVESTMENT MANAGEMENT CO LTD trimmed | 6,110,241 | $107M | 47.2% | 2026-Q1 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 1,928,512 | $34M | 14.9% | 2026-Q1 |
| Allspring Global Investments Holdings, LLC added | 1,847,716 | $32M | 14.3% | 2026-Q1 |
| 1607 Capital Partners, LLC trimmed | 591,112 | $10M | 4.6% | 2026-Q1 |
| Saba Capital Management, L.P. trimmed | 526,179 | $9M | 4.1% | 2026-Q1 |
| Karpus Management, Inc. trimmed | 473,263 | $8M | 3.7% | 2026-Q1 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO trimmed | 333,222 | $6M | 2.6% | 2026-Q1 |
| Matisse Capital trimmed | 178,100 | $3M | 1.4% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ added | 175,000 | $3M | 1.4% | 2026-Q1 |
| COHEN & STEERS, INC. added | 110,000 | $2M | 0.8% | 2026-Q1 |
| Sculptor Capital LP new | 104,821 | $2M | 0.8% | 2026-Q1 |
| UBS Group AG added | 84,083 | $1M | 0.6% | 2026-Q1 |
| CSS LLC/IL added | 78,932 | $1M | 0.6% | 2026-Q1 |
| Ursa Fund Management, LLC new | 70,100 | $1M | 0.5% | 2026-Q1 |
| Marex Group plc | 40,000 | $700K | 0.3% | 2026-Q1 |
| MORGAN STANLEY added | 29,747 | $521K | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 27,462 | $481K | 0.2% | 2026-Q1 |
| STRS OHIO | 23,861 | $418K | 0.2% | 2026-Q1 |
| XTX Topco Ltd new | 15,954 | $279K | 0.1% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 13,512 | $236K | 0.1% | 2026-Q1 |
| Dakota Wealth Management trimmed | 10,191 | $178K | 0.1% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 6,516 | $114K | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 3,464 | $61K | 0.0% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 2,230 | $39K | 0.0% | 2026-Q1 |
| ST GERMAIN D J CO INC | 1,600 | $28K | 0.0% | 2026-Q1 |
| Rockefeller Capital Management L.P. | 800 | $14K | 0.0% | 2026-Q1 |
| NATIONAL BANK OF CANADA /FI/ | 500 | $9K | 0.0% | 2026-Q1 |
| US BANCORP \DE\ | 357 | $6K | 0.0% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC | 262 | $5K | 0.0% | 2026-Q1 |
| MATHER GROUP, LLC. | 175 | $3K | 0.0% | 2026-Q1 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 157 | $3K | 0.0% | 2026-Q1 |
| Oasis Management Co Ltd. trimmed | 56,666 | $943K | 0.4% | 2025-Q3 stale |
| Shaker Financial Services, LLC trimmed | 36,430 | $632K | 0.3% | 2025-Q4 stale |
| Cresset Asset Management, LLC added | 24,004 | $417K | 0.2% | 2025-Q4 stale |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 13,966 | $233K | 0.1% | 2025-Q3 stale |
| Quantedge Capital Pte Ltd trimmed | 12,070 | $210K | 0.1% | 2025-Q4 stale |
| OSAIC HOLDINGS, INC. added | 9,312 | $162K | 0.1% | 2025-Q4 stale |
| CITADEL ADVISORS LLC new | 11,833 | $155K | 0.1% | 2025-Q1 stale |
| Acuitas Investments, LLC new | 4,868 | $81K | 0.0% | 2025-Q3 stale |
| COMERICA BANK | 2,230 | $39K | 0.0% | 2025-Q4 stale |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC | 1,000 | $17K | 0.0% | 2025-Q4 stale |
| Elequin Capital, LP trimmed | 1,107 | $14K | 0.0% | 2025-Q1 stale |
| BANK OF AMERICA CORP /DE/ | 430 | $7K | 0.0% | 2025-Q4 stale |
| JPMORGAN CHASE & CO trimmed | 248 | $4K | 0.0% | 2025-Q4 stale |
| SIMPLEX TRADING, LLC added | 91 | $1K | 0.0% | 2025-Q1 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 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.