Who owns XNDU
Which tracked institutional funds hold XNDU, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XNDU company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 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
32 tracked funds added or opened XNDU while 14 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
XNDU’s largest tracked holder by dollar value, Deer Management Co. LLC, sizes it at 34.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 34.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in XNDU 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 70 tracked filers holding XNDU, 65 increased or opened the position and 28 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 XNDU 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.
New buyers 24
- Deer Management Co. LLC$276M
- Capricorn Investment Group LLC$134M
- Defiance ETFs, LLC$68M
- HarbourVest Partners LLC$26M
- Marex Group Ltd$14M
- Bank of New York Mellon Corp$8M
Full exits 13
- MMCAP International Inc. SPC$48M
- Polar Asset Management Partners Inc.$15M
- Alyeska Investment Group, L.P.$8M
- Burkehill Global Management, LP$7M
- Weiss Asset Management LP$6M
- LMR Partners LLP$4M
Largest adds
- StepStone Group LP$15M
- UBS Group AG$4M
- OMERS ADMINISTRATION Corp$2M
- AQR Arbitrage LLC$2M
- MORGAN STANLEY$1M
- ADVANCED MICRO DEVICES INC$838K
Largest trims
- Hudson Bay Capital Management LP$980K
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 |
|---|---|---|---|---|
| Deer Management Co. LLC new | 22,785,156 | $276M | 38.3% | 2026-Q2 |
| Capricorn Investment Group LLC new | 11,080,951 | $134M | 18.6% | 2026-Q2 |
| Defiance ETFs, LLC new | 5,699,266 | $68M | 9.4% | 2026-Q2 |
| StepStone Group LP | 3,417,854 | $41M | 5.7% | 2026-Q2 |
| HarbourVest Partners LLC new | 2,140,000 | $26M | 3.6% | 2026-Q2 |
| Marex Group Ltd new | 1,182,844 | $14M | 2.0% | 2026-Q2 |
| Bank of New York Mellon Corp new | 688,414 | $8M | 1.2% | 2026-Q2 |
| OMERS ADMINISTRATION Corp | 500,000 | $6M | 0.8% | 2026-Q2 |
| UBS Group AG added | 352,318 | $4M | 0.6% | 2026-Q2 |
| Hudson Bay Capital Management LP trimmed | 345,620 | $4M | 0.5% | 2026-Q2 |
| Linden Advisors LP trimmed | 339,170 | $4M | 0.5% | 2026-Q2 |
| VAN ECK ASSOCIATES CORP new | 226,735 | $3M | 0.4% | 2026-Q2 |
| AQR Arbitrage LLC added | 203,500 | $2M | 0.3% | 2026-Q2 |
| ADVANCED MICRO DEVICES INC | 200,000 | $2M | 0.3% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC new | 166,034 | $2M | 0.3% | 2026-Q2 |
| CITADEL ADVISORS LLC new | 147,423 | $2M | 0.2% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC new | 125,774 | $2M | 0.2% | 2026-Q2 |
| MORGAN STANLEY added | 122,385 | $1M | 0.2% | 2026-Q2 |
| Periscope Capital Inc. new | 174,585 | $1M | 0.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ new | 103,457 | $1M | 0.2% | 2026-Q2 |
| Baader Bank Aktiengesellschaft new | 93,939 | $1M | 0.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC new | 91,568 | $1M | 0.2% | 2026-Q2 |
| JANE STREET GROUP, LLC new | 83,753 | $1M | 0.1% | 2026-Q2 |
| XTX Topco Ltd new | 72,117 | $873K | 0.1% | 2026-Q2 |
| BARCLAYS PLC new | 69,632 | $843K | 0.1% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT added | 53,540 | $648K | 0.1% | 2026-Q2 |
| NOMURA HOLDINGS INC new | 51,567 | $624K | 0.1% | 2026-Q2 |
| Meridian Wealth Management, LLC new | 51,000 | $618K | 0.1% | 2026-Q2 |
| GROUP ONE TRADING LLC new | 49,740 | $602K | 0.1% | 2026-Q2 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ new | 48,761 | $590K | 0.1% | 2026-Q2 |
| HSBC HOLDINGS PLC new | 48,404 | $580K | 0.1% | 2026-Q2 |
| SLT Holdings LLC new | 42,850 | $519K | 0.1% | 2026-Q2 |
| Foundations Investment Advisors, LLC new | 42,850 | $519K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP new | 37,955 | $460K | 0.1% | 2026-Q2 |
| IMC-Chicago, LLC new | 37,180 | $450K | 0.1% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec added | 27,312 | $328K | 0.0% | 2026-Q2 |
| Tidal Investments LLC new | 26,737 | $324K | 0.0% | 2026-Q2 |
| SummitTX Capital, L.P. new | 25,411 | $308K | 0.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 24,253 | $294K | 0.0% | 2026-Q2 |
| Curbstone Financial Management Corp new | 24,000 | $291K | 0.0% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ new | 22,093 | $267K | 0.0% | 2026-Q2 |
| McGuire Investment Group, LLC new | 21,514 | $261K | 0.0% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC new | 19,516 | $236K | 0.0% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. new | 16,860 | $204K | 0.0% | 2026-Q2 |
| LPL Financial LLC new | 16,678 | $202K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 14,024 | $170K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 12,750 | $154K | 0.0% | 2026-Q2 |
| Storgate, LLC new | 12,000 | $145K | 0.0% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) new | 7,396 | $90K | 0.0% | 2026-Q2 |
| Center for Financial Planning, Inc. new | 4,550 | $55K | 0.0% | 2026-Q2 |
| Rockefeller Capital Management L.P. new | 4,000 | $48K | 0.0% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ new | 3,532 | $40K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. new | 2,834 | $34K | 0.0% | 2026-Q2 |
| Leonteq Securities AG new | 2,800 | $34K | 0.0% | 2026-Q2 |
| US BANCORP \DE\ new | 2,000 | $24K | 0.0% | 2026-Q2 |
| TD Waterhouse Canada Inc. added | 1,550 | $18K | 0.0% | 2026-Q2 |
| CITIGROUP INC new | 1,300 | $16K | 0.0% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP new | 1,366 | $15K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC new | 1,000 | $12K | 0.0% | 2026-Q2 |
| Northwest & Ethical Investments L.P. new | 1,088 | $12K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) new | 824 | $10K | 0.0% | 2026-Q2 |
| Key Financial Inc new | 300 | $4K | 0.0% | 2026-Q2 |
| Continuum Advisory, LLC new | 224 | $3K | 0.0% | 2026-Q2 |
| BIRCHBROOK, INC. added | 200 | $2K | 0.0% | 2026-Q2 |
| Vermillion Wealth Management, Inc. new | 140 | $2K | 0.0% | 2026-Q2 |
| HARBOUR INVESTMENTS, INC. new | 102 | $1K | 0.0% | 2026-Q2 |
| Institute for Wealth Management, LLC. new | 72 | $878 | 0.0% | 2026-Q2 |
| Golden State Wealth Management, LLC new | 55 | $666 | 0.0% | 2026-Q2 |
| Physician Wealth Advisors, Inc. new | 38 | $461 | 0.0% | 2026-Q2 |
| HOLLENCREST CAPITAL MANAGEMENT new | 35 | $424 | 0.0% | 2026-Q2 |
| MMCAP International Inc. SPC new | 6,875,000 | $48M | 6.7% | 2026-Q1 stale (1 quarter behind) |
| Polar Asset Management Partners Inc. new | 2,000,000 | $15M | 2.1% | 2026-Q1 stale (1 quarter behind) |
| Alyeska Investment Group, L.P. new | 1,000,000 | $8M | 1.1% | 2026-Q1 stale (1 quarter behind) |
| Burkehill Global Management, LP new | 1,000,000 | $7M | 1.0% | 2026-Q1 stale (1 quarter behind) |
| Weiss Asset Management LP new | 775,000 | $6M | 0.8% | 2026-Q1 stale (1 quarter behind) |
| LMR Partners LLP new | 539,838 | $4M | 0.6% | 2026-Q1 stale (1 quarter behind) |
| TIGER GLOBAL MANAGEMENT LLC new | 500,000 | $4M | 0.5% | 2026-Q1 stale (1 quarter behind) |
| ExodusPoint Capital Management, LP new | 500,000 | $4M | 0.5% | 2026-Q1 stale (1 quarter behind) |
| Ghisallo Capital Management LLC new | 250,000 | $2M | 0.3% | 2026-Q1 stale (1 quarter behind) |
| Feynman Point Asset Management LLC new | 200,000 | $2M | 0.2% | 2026-Q1 stale (1 quarter behind) |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND new | 151,966 | $1M | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Harraden Circle Investments, LLC new | 104,380 | $800K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Magnetar Financial LLC new | 90,000 | $689K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Sculptor Capital LP new | 42,623 | $326K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| TENOR CAPITAL MANAGEMENT Co., L.P. new | 40,000 | $306K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| RIVERNORTH CAPITAL MANAGEMENT, LLC new | 31,582 | $242K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| MOORE CAPITAL MANAGEMENT, LP new | 30,000 | $230K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| DLD Asset Management, LP new | 29,707 | $228K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| BNP PARIBAS FINANCIAL MARKETS new | 28,600 | $219K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Lineage Point Capital LP new | 27,500 | $211K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Ionic Capital Management LLC new | 27,500 | $211K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| HRT FINANCIAL LP new | 24,281 | $185K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| TORONTO DOMINION BANK new | 22,500 | $172K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Saba Capital Management, L.P. new | 14,186 | $109K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Kepos Capital LP new | 10,640 | $82K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Shaolin Capital Management LLC new | 10,000 | $77K | 0.0% | 2026-Q1 stale (1 quarter behind) |
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.