Q4 2025 · 13F-HR
XN LPholdings as filed
Filed 2026-02-17 · accession 0001172661-26-001037
$3.57B
Reported value
26
Positions
2025-12-31
Period end
The Brief · XN LP · Q4 2025
AI · grounded in 13F
XN LP established a new position in CBRE worth $147.1M. The fund also opened new stakes in Medline Inc MDLN for $63.1M and Core & Main Inc CNM for $36.3M. On the sell side, the fund closed its position in Monday Com Ltd MNDY, reducing its exposure by $38.4M. Other notable reductions include trimming shares of Figma Inc FIG by 79.8% and Meta Platforms Inc META by 57.4%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $599.2M | 16.8% | 2,866,943 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $319.2M | 8.94% | 8,988,386 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $247.3M | 6.93% | 813,866 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $213.8M | 5.99% | 659,729 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $176.9M | 4.96% | 304,602 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $175.3M | 4.91% | 569,227 | Common | SOLE |
| 74275K108 | PCOR | PROCORE TECHNOLOGIES INC | $169.0M | 4.74% | 2,323,031 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $160.0M | 4.48% | 691,658 | Common | SOLE |
| 75734B100 | RDDT | REDDIT INC | $157.8M | 4.42% | 686,301 | Common | SOLE |
| 89400J107 | TRU | TRANSUNION | $150.0M | 4.20% | 1,748,965 | Common | SOLE |
| 12504L109 | CBRE | CBRE GROUP INC | $147.1M | 4.12% | 915,067 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $134.0M | 3.76% | 580,754 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $111.0M | 3.11% | 595,149 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $109.8M | 3.08% | 879,676 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $106.8M | 2.99% | 403,232 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $99.3M | 2.78% | 316,285 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $88.9M | 2.49% | 3,084,372 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $86.6M | 2.43% | 336,900 | Common | SOLE |
| 58507V107 | MDLN | MEDLINE INC | $63.1M | 1.77% | 1,502,000 | Common | SOLE |
| G51502105 | JCI | JOHNSON CTLS INTL PLC | $53.5M | 1.50% | 446,441 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $47.3M | 1.33% | 212,510 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INC | $36.3M | 1.02% | 698,200 | Common | SOLE |
| 83443Q103 | SOLS | SOLSTICE ADVANCED MATLS INC | $34.6M | 0.97% | 711,674 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $33.9M | 0.95% | 51,313 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $27.4M | 0.77% | 56,689 | Common | SOLE |
| 316841105 | FIG | FIGMA INC | $20.4M | 0.57% | 546,308 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.