L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 4 Feb 2026
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 2 listed it in both
Shares listed
12,646,551
combined, among listed positions
Reported value
$98m
combined, at the quarter end

Among the 92 comparable managers: 16 buyers (opened or added shares) and 12 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,324,261.

Managers listing CXM in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

27 of 27 holders

ActionFiling
Sachem Head Capital Management LP5,745,000$45m1.05%Held013 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp1,742,506$14munder 0.1%Added+584,52917 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC825,550$6.4munder 0.1%Trimmed-414,76917 Feb 2026 (the filing on sec.gov)
Invesco Ltd735,924$5.7munder 0.1%Added+121,50119 Feb 2026 (the filing on sec.gov)
Millennium Management LLC568,943$4.4munder 0.1%Added+50,38117 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP547,187$4.3munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC318,160$2.5munder 0.1%Added+184,32317 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC306,239$2.4munder 0.1%Added+86,92117 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP177,658$1.4munder 0.1%Added+35,71217 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP174,146$1.4munder 0.1%Trimmed-1,220,87513 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC163,267$1.3munder 0.1%Added+145,21410 Feb 2026 (the filing on sec.gov)
Winton Group Ltd161,659$1.3munder 0.1%Trimmed-64,63511 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC151,800$1.2munder 0.1%Trimmed-7,98613 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC142,650$1.1munder 0.1%Trimmed-219,51513 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC120,396$937kunder 0.1%Added+72,03012 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP119,600$930kunder 0.1%Added+38,30017 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP97,479$758kunder 0.1%Trimmed-60,20117 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP90,212$702kunder 0.1%Added+39,34810 Feb 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP84,178$655kunder 0.1%Added+52,75917 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc79,459$619kunder 0.1%Trimmed-48,26317 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP76,749$597kunder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd55,415$431kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.51,426$400kunder 0.1%Trimmed-65,62417 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC45,692$355kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Man Group PLC33,691$262kunder 0.1%Trimmed-131,62317 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
1 in Q3 2024 to 1 in Q2 2026

Tracked managers listing it, at least.

024620222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
CXM by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20213$9.0mn.a.n.a.
Q3 20212$5.9mn.a.n.a.
Q4 20212$11mn.a.n.a.
Q1 20221$5.3mn.a.n.a.
Q3 20221$696kn.a.n.a.
Q4 20221$311kn.a.n.a.
Q1 20232$6.6mn.a.n.a.
Q2 20235$47mn.a.n.a.
Q3 20233$49mn.a.n.a.
Q4 20234$51m32
Q1 20242$78m20
Q2 20242$71m20
Q3 20241$52m01
Q4 20243$50m21
Q1 20253$54m11
Q2 20254$73m30
Q3 20253$54m11
Q4 20252$46m1612
Q1 20262$39m1811
Q2 20261$2.7m1314

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

CXM and GOOGL →CXM and AMZN →CXM and MSFT →Choose a stock to compare with CXM →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own CXM, latest filings →Back to the 13F Explorer →