L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
18
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 1 listed it in both
Shares listed
1,751,480
combined, among listed positions
Reported value
$180m
combined, at the quarter end

Among the 92 comparable managers: 8 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +293,772.

Managers listing XHB 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.

18 of 18 holders

ActionFiling
Citadel Advisors LLC421,874$43munder 0.1%Added+348,20217 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.226,355$23munder 0.1%Added+221,30617 Feb 2026 (the filing on sec.gov)
Soros Fund Management LLC202,579$21m0.24%Newnew13 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP184,800$19munder 0.1%Trimmed-43,86013 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP177,191$18munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC158,578$16munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Millennium Management LLC151,596$16munder 0.1%Trimmed-208,17417 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP94,602$9.7m0.07%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP75,122$7.7munder 0.1%Trimmed-35,02217 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP13,800$1.4munder 0.1%Trimmed-6,20017 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC12,772$1.3munder 0.1%Trimmed-6,84513 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC9,096$937kunder 0.1%Trimmed-46,93813 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)8,027$827kunder 0.1%Added+1,03017 Feb 2026 (the filing on sec.gov)
Moore Capital Management LP6,032$621kunder 0.1%Trimmed-440,83417 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC4,002$412kunder 0.1%Held027 Oct 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC2,562$264kunder 0.1%Held017 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC2,350$242kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP142$15kunder 0.1%Trimmed-28410 Feb 2026 (the filing on sec.gov)

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.
3 in Q3 2024 to 2 in Q2 2026

Tracked managers listing it, at least.

01234201420162020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
XHB by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20132$21mn.a.n.a.
Q3 20131$23mn.a.n.a.
Q4 20131$2.6mn.a.n.a.
Q1 20144$65mn.a.n.a.
Q2 20142$52mn.a.n.a.
Q3 20141$4.9mn.a.n.a.
Q4 20141$6.6mn.a.n.a.
Q1 20152$37mn.a.n.a.
Q2 20151$30mn.a.n.a.
Q3 20152$20mn.a.n.a.
Q4 20152$3.1mn.a.n.a.
Q1 20163$53mn.a.n.a.
Q2 20162$10mn.a.n.a.
Q3 20163$13mn.a.n.a.
Q4 20163$15mn.a.n.a.
Q1 20173$7.9mn.a.n.a.
Q2 20172$3.4mn.a.n.a.
Q3 20171$597kn.a.n.a.
Q4 20171$332kn.a.n.a.
Q4 20181$15mn.a.n.a.
Q2 20192$29mn.a.n.a.
Q4 20191$6.8mn.a.n.a.
Q1 20202$14mn.a.n.a.
Q2 20202$4.6mn.a.n.a.
Q3 20201$5.3mn.a.n.a.
Q4 20203$78mn.a.n.a.
Q1 20211$24mn.a.n.a.
Q3 20212$45mn.a.n.a.
Q4 20212$15mn.a.n.a.
Q1 20223$17mn.a.n.a.
Q2 20222$11mn.a.n.a.
Q3 20221$13mn.a.n.a.
Q4 20221$7.1mn.a.n.a.
Q1 20232$32mn.a.n.a.
Q2 20231$25mn.a.n.a.
Q3 20231$25mn.a.n.a.
Q4 20233$45m30
Q1 20242$5.2m12
Q2 20243$139m32
Q3 20243$19m31
Q4 20243$17m22
Q1 20252$11m22
Q2 20251$4.9m00
Q3 20253$58m20
Q4 20253$31m814
Q1 20261$9.9m912
Q2 20262$15m106

Compare with…

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

Choose a stock to compare with XHB →

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 XHB, latest filings →Back to the 13F Explorer →