Who owns XES (XES)
Which tracked institutional funds hold XES, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XES 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
The tracked-fund tape on XES is one-sided between 2025-Q4 and 2026-Q1: 28 added or opened and 5 trimmed or exited — on balance accumulating.
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
XES’s largest tracked holder by dollar value, New Harbor Financial Group, LLC, sizes it at 7.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 7.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in XES 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 92 tracked filers holding XES, 54 increased or opened the position and 29 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 XES 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 10
- TWO SIGMA INVESTMENTS, LP$8M
- Robertson Stephens Wealth Management, LLC$5M
- HighTower Advisors, LLC$5M
- VICUS CAPITAL$4M
- Quadrature Capital Ltd$2M
- SummitTX Capital, L.P.$1M
Full exits 3
- CITADEL ADVISORS LLC$1M
- Tower Research Capital LLC (TRC)$898K
- Aspen Grove Capital, LLC$891K
Largest adds
- MORGAN STANLEY$13M
- New Harbor Financial Group, LLC$13M
- WELLS FARGO & COMPANY/MN$6M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$4M
- GOLDMAN SACHS GROUP INC$3M
- LPL Financial LLC$2M
Largest trims
- RAYMOND JAMES FINANCIAL INC$9M
- ROYAL BANK OF CANADA$1M
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 |
|---|---|---|---|---|
| New Harbor Financial Group, LLC added | 366,483 | $43M | 21.0% | 2026-Q1 |
| MORGAN STANLEY added | 242,470 | $28M | 13.9% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 116,248 | $14M | 6.7% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 97,417 | $11M | 5.6% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 77,948 | $9M | 4.5% | 2026-Q1 |
| Black Swift Group, LLC trimmed | 68,620 | $8M | 3.9% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 68,190 | $8M | 3.9% | 2026-Q1 |
| LPL Financial LLC added | 67,142 | $8M | 3.8% | 2026-Q1 |
| Robertson Stephens Wealth Management, LLC new | 45,922 | $5M | 2.6% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 44,615 | $5M | 2.6% | 2026-Q1 |
| HighTower Advisors, LLC added | 44,063 | $5M | 2.5% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 37,911 | $4M | 2.2% | 2026-Q1 |
| VICUS CAPITAL new | 36,361 | $4M | 2.1% | 2026-Q1 |
| CWM, LLC added | 30,519 | $4M | 1.7% | 2026-Q1 |
| Trek Financial, LLC added | 27,668 | $3M | 1.6% | 2026-Q1 |
| Cetera Investment Advisers trimmed | 22,617 | $3M | 1.3% | 2026-Q1 |
| MERIDIAN INVESTMENT COUNSEL INC. added | 19,775 | $2M | 1.1% | 2026-Q1 |
| BCS Private Wealth Management, Inc. added | 18,400 | $2M | 1.1% | 2026-Q1 |
| FLOW TRADERS U.S. LLC trimmed | 18,143 | $2M | 1.0% | 2026-Q1 |
| UBS Group AG added | 18,140 | $2M | 1.0% | 2026-Q1 |
| Quadrature Capital Ltd added | 17,705 | $2M | 1.0% | 2026-Q1 |
| Invst, LLC trimmed | 15,572 | $2M | 0.9% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 11,062 | $1M | 0.6% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 10,319 | $1M | 0.6% | 2026-Q1 |
| SummitTX Capital, L.P. new | 8,877 | $1M | 0.5% | 2026-Q1 |
| Private Advisor Group, LLC trimmed | 8,626 | $1M | 0.5% | 2026-Q1 |
| Integrated Wealth Concepts LLC new | 8,380 | $975K | 0.5% | 2026-Q1 |
| Wealthfront Advisers LLC added | 6,638 | $772K | 0.4% | 2026-Q1 |
| HORIZON KINETICS ASSET MANAGEMENT LLC added | 5,775 | $672K | 0.3% | 2026-Q1 |
| Stratos Wealth Advisors, LLC | 5,300 | $617K | 0.3% | 2026-Q1 |
| &PARTNERS new | 5,283 | $615K | 0.3% | 2026-Q1 |
| First Growth Capital LLC | 5,396 | $614K | 0.3% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 5,216 | $607K | 0.3% | 2026-Q1 |
| BAROMETER CAPITAL MANAGEMENT INC. trimmed | 5,100 | $593K | 0.3% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 4,695 | $546K | 0.3% | 2026-Q1 |
| Stratos Wealth Partners, LTD. new | 4,482 | $521K | 0.3% | 2026-Q1 |
| Keystone Financial Group added | 3,963 | $461K | 0.2% | 2026-Q1 |
| Equitable Holdings, Inc. new | 4,660 | $449K | 0.2% | 2026-Q1 |
| Fulcrum Equity Management trimmed | 3,635 | $423K | 0.2% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. trimmed | 3,297 | $384K | 0.2% | 2026-Q1 |
| StoneX Group Inc. added | 3,035 | $353K | 0.2% | 2026-Q1 |
| CreativeOne Wealth, LLC new | 3,003 | $349K | 0.2% | 2026-Q1 |
| Concorde Financial Corp | 2,571 | $299K | 0.1% | 2026-Q1 |
| Trademark Financial Management, LLC new | 2,203 | $256K | 0.1% | 2026-Q1 |
| OneDigital Investment Advisors LLC trimmed | 2,103 | $245K | 0.1% | 2026-Q1 |
| Corecam Pte. Ltd. new | 2,000 | $233K | 0.1% | 2026-Q1 |
| RFP Financial Group LLC added | 1,977 | $230K | 0.1% | 2026-Q1 |
| BLAIR WILLIAM & CO/IL added | 1,973 | $230K | 0.1% | 2026-Q1 |
| Capital Investment Advisory Services, LLC | 1,880 | $219K | 0.1% | 2026-Q1 |
| D. E. Shaw & Co., Inc. new | 1,729 | $201K | 0.1% | 2026-Q1 |
| TRUIST FINANCIAL CORP trimmed | 1,729 | $201K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,139 | $131K | 0.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 1,034 | $120K | 0.1% | 2026-Q1 |
| Annis Gardner Whiting Capital Advisors, LLC new | 672 | $78K | 0.0% | 2026-Q1 |
| PRIVATE TRUST CO NA | 650 | $76K | 0.0% | 2026-Q1 |
| Spire Wealth Management added | 649 | $76K | 0.0% | 2026-Q1 |
| WHITTIER TRUST CO | 637 | $74K | 0.0% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 437 | $51K | 0.0% | 2026-Q1 |
| Provident Wealth Management, LLC | 400 | $47K | 0.0% | 2026-Q1 |
| Root Financial Partners, LLC added | 347 | $40K | 0.0% | 2026-Q1 |
| GROUP ONE TRADING LLC trimmed | 315 | $37K | 0.0% | 2026-Q1 |
| FMR LLC trimmed | 277 | $32K | 0.0% | 2026-Q1 |
| FIFTH THIRD BANCORP new | 275 | $32K | 0.0% | 2026-Q1 |
| IFP Advisors, Inc added | 217 | $25K | 0.0% | 2026-Q1 |
| DUNCKER STREETT & CO INC | 200 | $23K | 0.0% | 2026-Q1 |
| Winthrop Capital Management, LLC | 200 | $23K | 0.0% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. | 187 | $22K | 0.0% | 2026-Q1 |
| Register Financial Advisors LLC | 173 | $20K | 0.0% | 2026-Q1 |
| Kiker Wealth Management, LLC added | 173 | $20K | 0.0% | 2026-Q1 |
| CoreCap Advisors, LLC trimmed | 134 | $16K | 0.0% | 2026-Q1 |
| Hara Capital LLC | 115 | $13K | 0.0% | 2026-Q1 |
| Advisory Services Network, LLC trimmed | 102 | $12K | 0.0% | 2026-Q1 |
| Lodestone Wealth Management LLC new | 100 | $12K | 0.0% | 2026-Q1 |
| Colonial Trust Co / SC new | 100 | $12K | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC added | 88 | $10K | 0.0% | 2026-Q1 |
| 1 NORTH WEALTH SERVICES LLC | 85 | $10K | 0.0% | 2026-Q1 |
| NBC SECURITIES, INC. | 81 | $9K | 0.0% | 2026-Q1 |
| MAI Capital Management | 65 | $8K | 0.0% | 2026-Q1 |
| ONE PLUS ONE WEALTH MANAGEMENT, LLC added | 61,979 | $4M | 2.2% | 2025-Q1 stale |
| MARSHALL INVESTMENT MANAGEMENT, LLC new | 15,010 | $1M | 0.5% | 2025-Q1 stale |
| CITADEL ADVISORS LLC trimmed | 12,877 | $1M | 0.5% | 2025-Q4 stale |
| PRIVATE CLIENT SERVICES, LLC added | 15,026 | $953K | 0.5% | 2025-Q2 stale |
| Tower Research Capital LLC (TRC) trimmed | 10,955 | $898K | 0.4% | 2025-Q4 stale |
| Aspen Grove Capital, LLC trimmed | 10,875 | $891K | 0.4% | 2025-Q4 stale |
| Financial Sense Advisors, Inc. trimmed | 7,717 | $558K | 0.3% | 2025-Q3 stale |
| Belpointe Asset Management LLC trimmed | 7,651 | $485K | 0.2% | 2025-Q2 stale |
| GTS SECURITIES LLC trimmed | 6,684 | $424K | 0.2% | 2025-Q2 stale |
| Prosperity Consulting Group, LLC trimmed | 4,486 | $320K | 0.2% | 2025-Q1 stale |
| HRT FINANCIAL LP trimmed | 4,375 | $316K | 0.2% | 2025-Q3 stale |
| JANE STREET GROUP, LLC trimmed | 3,932 | $281K | 0.1% | 2025-Q1 stale |
| Cambridge Investment Research Advisors, Inc. trimmed | 2,608 | $214K | 0.1% | 2025-Q4 stale |
| FLAGSHIP HARBOR ADVISORS, LLC new | 300 | $25K | 0.0% | 2025-Q4 stale |
| Kestra Advisory Services, LLC new | 257 | $21K | 0.0% | 2025-Q4 stale |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 204 | $15K | 0.0% | 2025-Q1 stale |
| Qube Research & Technologies Ltd | 154 | $13K | 0.0% | 2025-Q4 stale |
| Hexagon Capital Partners LLC | 132 | $9K | 0.0% | 2025-Q1 stale |
| Global Retirement Partners, LLC trimmed | 105 | $9K | 0.0% | 2025-Q4 stale |
| Commonwealth Retirement Investments LLC new | 100 | $8K | 0.0% | 2025-Q4 stale |
| COMERICA BANK | 100 | $7K | 0.0% | 2025-Q1 stale |
| NewEdge Advisors, LLC added | 86 | $7K | 0.0% | 2025-Q4 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.