XN LP — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, XN LP initiated 5 new positions, increased allocation to 3 existing positions, trimmed 10 positions, and exited 8 positions entirely. The fund's 13F equity book declined from $3.57B to $2.72B (-23.7% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $3.57BPrior quarter
- $2.72BCurrent quarter
- $-0.85BNet delta
- -23.7%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| MODINE MFG CO | MOD | 5.15% | History → |
| CORNING INC | GLW | 5.05% | History → |
| WESTERN DIGITAL CORP | WDC | 2.74% | Holders → |
| CARPENTER TECHNOLOGY CORP | CRS | 2.73% | Holders → |
| BLOOM ENERGY | BE | 0.45% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| SOLSTICE ADVANCED MATLS INC | SOLS | +6.49% | +274.51% | History → |
| APPLIED MATLS INC | AMAT | +3.64% | +43.44% | History → |
| FERGUSON ENTERPRISES INC | FERG | +0.78% | +15.49% | Holders → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| JOHNSON CONTROLS INTERNATIONAL PLC | JCI | -0.71% | -63.09% | Holders → |
| CBRE GROUP INC | CBRE | -2.13% | -56.26% | Holders → |
| TKO GROUP HOLDINGS INC | TKO | -2.75% | -33.88% | History → |
| FIGMA INC | FIG | -0.29% | -33.78% | Holders → |
| WARNER BROS DISCOVERY INC | WBD | -0.33% | -30.68% | Holders → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | 0.16% | -29.83% | History → |
| TOAST INC | TOST | -2.60% | -27.57% | History → |
| SPOTIFY TECHNOLOGY S A | SPOT | -0.91% | -25.49% | Holders → |
| SHERWIN WILLIAMS CO | SHW | 0.74% | -13.41% | History → |
| NVIDIA CORPORATION | NVDA | 0.28% | -11.02% | Holders → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| UNION PACIFIC CORP (UNP) | UNP | 4.48% |
| REDDIT INC | RDDT | 4.42% |
| TRANSUNION | TRU | 4.20% |
| SALESFORCE INC | CRM | 2.99% |
| MEDLINE INC | MDLN | 1.77% |
| CORE & MAIN INC | CNM | 1.02% |
| META PLATFORMS INC | META | 0.95% |
| MICROSOFT CORP | MSFT | 0.77% |
Methodology & FAQ
How XN LP Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for XN LP against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did XN LP initiate in Q1 2026?
XN LP established 5 new positions in Q1 2026: MODINE MFG CO (MOD, 5.15%), CORNING INC (GLW, 5.05%), WESTERN DIGITAL CORP (WDC, 2.74%), CARPENTER TECHNOLOGY CORP (CRS, 2.73%), BLOOM ENERGY (BE, 0.45%).
Which existing positions saw the largest allocation increases for XN LP in Q1 2026?
The largest portfolio-weight increases in existing positions were: SOLSTICE ADVANCED MATLS INC (SOLS, +6.49% weight, +274.51% shares), APPLIED MATLS INC (AMAT, +3.64% weight, +43.44% shares), FERGUSON ENTERPRISES INC (FERG, +0.78% weight, +15.49% shares).
Which positions did XN LP fully exit in Q1 2026?
XN LP fully exited 8 positions in Q1 2026: UNION PACIFIC CORP (UNP) (UNP, last-reported weight 4.48%), REDDIT INC (RDDT, last-reported weight 4.42%), TRANSUNION (TRU, last-reported weight 4.20%), SALESFORCE INC (CRM, last-reported weight 2.99%), MEDLINE INC (MDLN, last-reported weight 1.77%), CORE & MAIN INC (CNM, last-reported weight 1.02%), META PLATFORMS INC (META, last-reported weight 0.95%), MICROSOFT CORP (MSFT, last-reported weight 0.77%).
Which existing positions saw the largest allocation reductions for XN LP in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: JOHNSON CONTROLS INTERNATIONAL PLC (JCI, -0.71% weight, -63.09% shares), CBRE GROUP INC (CBRE, -2.13% weight, -56.26% shares), TKO GROUP HOLDINGS INC (TKO, -2.75% weight, -33.88% shares), FIGMA INC (FIG, -0.29% weight, -33.78% shares), WARNER BROS DISCOVERY INC (WBD, -0.33% weight, -30.68% shares), TAIWAN SEMICONDUCTOR MANUFAC (TSM, 0.16% weight, -29.83% shares), TOAST INC (TOST, -2.60% weight, -27.57% shares), SPOTIFY TECHNOLOGY S A (SPOT, -0.91% weight, -25.49% shares), SHERWIN WILLIAMS CO (SHW, 0.74% weight, -13.41% shares), NVIDIA CORPORATION (NVDA, 0.28% weight, -11.02% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.