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XN LP Portfolio holdings

AUM $2.72B
1-Year Est. Return 46.67%
This Fund
S&P 500
This Quarter Est. Return
-3.32%
1 Year Est. Return
+46.67%
3 Year Est. Return
+151.32%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$2.2B
AUM Growth
-$330M
Cap. Flow
-$202M
Cap. Flow %
-9.17%
Top 10 Hldgs %
74.57%
Holding
29
New
5
Increased
8
Reduced
6
Closed
10

Top Buys

Rank Stock Value
1
TSM icon
TSMC
TSM
+$165M
2
GEV icon
GE Vernova
GEV
+$95.2M
3
META icon
Meta Platforms (Facebook)
META
+$91.5M
4
WDAY icon
Workday
WDAY
+$63.9M
5
SPOT icon
Spotify
SPOT
+$62.7M

Top Sells

Rank Stock Value
1
VMC icon
Vulcan Materials
VMC
+$156M
2
MSFT icon
Microsoft
MSFT
+$112M
3
GE icon
GE Aerospace
GE
+$71.8M
4
FND icon
Floor & Decor
FND
+$61.2M
5
KKR icon
KKR & Co
KKR
+$38.3M

Sector Composition

Rank Sector Weight
1 Technology 37.39%
2 Communication Services 28.03%
3 Industrials 15.66%
4 Materials 8.01%
5 Financials 7.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCOR icon
26
CALL
Procore
PCOR
$8.26B
– –
-3,250,000
Closed -$244M
VMC icon
27
Vulcan Materials
VMC
$34.8B
– –
-608,386
Closed -$156M
TTAN
28
ServiceTitan Inc
TTAN
$7.92B
– –
-50,000
Closed -$5.14M
EDR
29
DELISTED
Endeavor Group Holdings, Inc.
EDR
– –
-1,109,241
Closed -$34.7M
1
2

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MASUI
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PA
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CA
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TAM
Timucuan Asset Management Jacksonville, Florida $2.72B AUM 4.95% 1-Year Est. Return
NCM
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FNF
Fidelity National Financial Jacksonville, Florida $2.72B AUM 29.3% 1-Year Est. Return
GC
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LMIM
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XN LP's Q1 2025 Portfolio in Review

As of Q1 2025, XN LP held 29 positions worth $2.2B, down 13% from $2.53B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

XN LP withdrew a net $202M in Q1 2025, closing 10 positions and reducing 6 holdings. Its most notable exit was Vulcan Materials, an estimated $156M position sold in full.

By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 33% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, XN LP opened a new position in GE Vernova worth $83.4M.

  • XN LP's largest Q1 2025 buy was GE Vernova: 273,114 shares worth $83.4M.
  • XN LP added most to TSMC in Q1 2025, an estimated $165M increase.
  • XN LP's biggest Q1 2025 reduction was GE Aerospace, cutting an estimated $71.8M.
  • XN LP fully exited Vulcan Materials in Q1 2025, selling an estimated $156M.
  • XN LP's ten largest holdings make up 75% of its $2.2B portfolio in Q1 2025.
  • XN LP opened 5 new positions and closed 10 in Q1 2025.
  • XN LP's portfolio value fell 13% quarter-over-quarter to $2.2B.

Based on XN LP's 13F filing for Q1 2025, filed 15 May 2025.