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XN LP

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13F filer, CIK 1756558, New York, NY

XN LP reported $3,568,317,904 across 26 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 66.37% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-001037

Period
2025-12-31
Reported value
$3.57B
Holdings
26
Top 10 weight
66.37%
New
5
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CBREnew+915,067$147M
TOSTadded+3,029,856$108M
MDLNnew+1,502,000$63.1M
SPOTadded+83,488$48.5M
CNMnew+698,200$36.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
FIGreduced-2,155,822-$80.6M
WBDreduced-2,530,353-$72.9M
FERGreduced-290,967-$64.8M
TRUreduced-697,692-$59.8M
METAreduced-69,006-$45.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001172661-26-001037, largest first. % of portfolio is the value over $3,568,317,904, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TKOTKO GROUP HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,333,002 shares; 2024Q4: 2,628,224 shares; 2025Q1: 2,600,613 shares; 2025Q2: 2,600,613 shares; 2025Q3: 2,697,369 shares; 2025Q4: 2,866,943 shares 2,866,943$599M16.79%+169,574Timeline
TOSTTOAST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,789,739 shares; 2024Q4: 4,630,231 shares; 2025Q1: 4,787,836 shares; 2025Q2: 5,211,968 shares; 2025Q3: 5,958,530 shares; 2025Q4: 8,988,386 shares 8,988,386$319M8.94%+3,029,856Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 115,669 shares; 2025Q1: 965,398 shares; 2025Q2: 928,074 shares; 2025Q3: 882,755 shares; 2025Q4: 813,866 shares 813,866$247M6.93%-68,889Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 370,896 shares; 2024Q4: 381,852 shares; 2025Q1: 504,315 shares; 2025Q2: 637,930 shares; 2025Q3: 630,209 shares; 2025Q4: 659,729 shares 659,729$214M5.99%+29,520Timeline
SPOTSPOTIFY TECHNOLOGY S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 112,184 shares; 2025Q2: 129,833 shares; 2025Q3: 221,114 shares; 2025Q4: 304,602 shares 304,602$177M4.96%+83,488Timeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,033,750 shares; 2024Q4: 1,116,357 shares; 2025Q1: 751,269 shares; 2025Q2: 635,915 shares; 2025Q3: 569,227 shares; 2025Q4: 569,227 shares 569,227$175M4.91%0Timeline
PCORPROCORE TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,299,508 shares; 2024Q4: 2,577,279 shares; 2025Q1: 2,311,550 shares; 2025Q2: 2,311,550 shares; 2025Q3: 2,311,550 shares; 2025Q4: 2,323,031 shares 2,323,031$169M4.74%+11,481Timeline
UNPUNION PAC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 813,330 shares; 2025Q4: 691,658 shares 691,658$160M4.48%-121,672Timeline
RDDTREDDIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 389,785 shares; 2025Q3: 682,437 shares; 2025Q4: 686,301 shares 686,301$158M4.42%+3,864Timeline
TRUTRANSUNIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,853,445 shares; 2024Q4: 1,907,775 shares; 2025Q1: 1,963,758 shares; 2025Q2: 2,525,309 shares; 2025Q3: 2,446,657 shares; 2025Q4: 1,748,965 shares 1,748,965$150M4.2%-697,692Timeline
CBRECBRE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 471,337 shares; 2025Q3: not reported; 2025Q4: 915,067 shares 915,067$147M4.12%newTimeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 653,667 shares; 2024Q4: 413,373 shares; 2025Q1: 405,729 shares; 2025Q2: 668,721 shares; 2025Q3: 703,384 shares; 2025Q4: 580,754 shares 580,754$134M3.76%-122,630Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 521,701 shares; 2024Q4: 518,674 shares; 2025Q1: 527,297 shares; 2025Q2: 480,344 shares; 2025Q3: 560,331 shares; 2025Q4: 595,149 shares 595,149$111M3.11%+34,818Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 879,676 shares; 2025Q4: 879,676 shares 879,676$110M3.08%0Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 517,902 shares; 2024Q4: 448,389 shares; 2025Q1: 418,234 shares; 2025Q2: 472,664 shares; 2025Q3: 393,429 shares; 2025Q4: 403,232 shares 403,232$107M2.99%+9,803Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 846,646 shares; 2024Q4: 526,266 shares; 2025Q1: 484,333 shares; 2025Q2: 484,333 shares; 2025Q3: 316,285 shares; 2025Q4: 316,285 shares 316,285$99.3M2.78%0Timeline
WBDWARNER BROS DISCOVERY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 5,614,725 shares; 2025Q4: 3,084,372 shares 3,084,372$88.9M2.49%-2,530,353Timeline
AMATAPPLIED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 854,075 shares; 2024Q4: 496,408 shares; 2025Q1: 509,260 shares; 2025Q2: 546,142 shares; 2025Q3: 336,900 shares; 2025Q4: 336,900 shares 336,900$86.6M2.43%0Timeline
MDLNMEDLINE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,502,000 shares 1,502,000$63.1M1.77%newTimeline
JCIJOHNSON CONTROLS INTERNATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 941,676 shares; 2025Q1: 1,073,853 shares; 2025Q2: 286,853 shares; 2025Q3: 286,853 shares; 2025Q4: 446,441 shares 446,441$53.5M1.5%+159,588Timeline
FERGFERGUSON ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 60,583 shares; 2025Q1: 153,517 shares; 2025Q2: 263,307 shares; 2025Q3: 503,477 shares; 2025Q4: 212,510 shares 212,510$47.3M1.33%-290,967Timeline
CNMCORE & MAIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 698,200 shares 698,200$36.3M1.02%newTimeline
SOLSSOLSTICE ADVANCED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 711,674 shares 711,674$34.6M0.97%newTimeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 141,802 shares; 2025Q2: 152,296 shares; 2025Q3: 120,319 shares; 2025Q4: 51,313 shares 51,313$33.9M0.95%-69,006Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 265,320 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 56,689 shares 56,689$27.4M0.77%newTimeline
FIGFIGMA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,702,130 shares; 2025Q4: 546,308 shares 546,308$20.4M0.57%-2,155,822Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
MNDYMONDAY COM LTD198,314$38.4Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-26-001037 base2026-02-17acceptance time not in the bulk data set