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EXL Service
EXLS

460 hedge funds and large institutions have $6.78B invested in EXL Service in 2025 Q2 according to their latest regulatory filings, with 75 funds opening new positions, 165 increasing their positions, 168 reducing their positions, and 65 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,718% more call options, than puts

Call options by funds: $7.38M | Put options by funds: $262K

15% more first-time investments, than exits

New positions opened: 75 | Existing positions closed: 65

1% more funds holding

Funds holding: 455 → 460 (+5)

2% less repeat investments, than reductions

Existing positions increased: 165 | Existing positions reduced: 168

1.17% less ownership

Funds ownership: 96.34% → 95.16% (-1.2%)

8% less capital invested

Capital invested by funds: $7.38B → $6.78B (-$601M)

38% less funds holding in top 10

Funds holding in top 10: 8 → 5 (-3)

Holders
460
Holders Change
+5
Holders Change %
+1.1%
% of All Funds
6.06%
Holding in Top 10
5
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-37.5%
% of All Funds
0.07%
New
75
Increased
165
Reduced
168
Closed
65
Calls
$7.38M
Puts
$262K
Net Calls
+$7.12M
Net Calls Change
+$549K

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$140M
2
Millennium Management
Millennium Management
New York
+$72.2M
3
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$63.1M
4
Jane Street
Jane Street
New York
+$52.1M
5
Citadel Advisors
Citadel Advisors
Florida
+$43.6M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$221M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$89.6M
3
JP Morgan Chase
JP Morgan Chase
New York
-$62.2M
4
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$61.2M
5
State Street
State Street
Massachusetts
-$47M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAS
176
Avantax Advisory Services
Texas
$2.19M +$142K +3,116 +7%
QEI
177
QSV Equity Investors
Illinois
$2.14M -$18.3K -401 -0.8%
ASRS
178
Arizona State Retirement System
Arizona
$2.07M +$55.6K +1,216 +3%
Deutsche Bank
179
Deutsche Bank
Germany
$2.06M -$7.24M -158,484 -77%
CFM
180
Catalyst Funds Management
Australia
$2.04M +$2.13M +46,700 New
SO
181
STRS Ohio
Ohio
$2.04M +$375K +8,215 +21%
Pathstone Holdings
182
Pathstone Holdings
New Jersey
$2.04M +$39.1K +856 +2%
State Board of Administration of Florida Retirement System
183
State Board of Administration of Florida Retirement System
Florida
$2.02M – – –
LSERS
184
Louisiana State Employees Retirement System
Louisiana
$2.01M +$32K +700 +2%
Lazard Asset Management
185
Lazard Asset Management
New York
$1.99M -$2.06M -45,141 -50%
KK
186
KLP Kapitalforvaltning
Norway
$1.95M +$338K +7,400 +20%
DTL
187
Dynamic Technology Lab
Singapore
$1.93M +$1.41M +30,830 +233%
AF
188
Allworth Financial
California
$1.91M +$1.98M +43,368 +18,533%
HSBC Holdings
189
HSBC Holdings
United Kingdom
$1.91M +$161K +3,522 +9%
SFI
190
Susquehanna Fundamental Investments
Pennsylvania
$1.9M -$5.01M -109,689 -72%
Polen Capital Management
191
Polen Capital Management
Florida
$1.85M -$9.95M -217,816 -84%
COPPSERS
192
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.83M +$153K +3,344 +9%
IQI
193
Integrated Quantitative Investments
Washington
$1.8M +$1.88M +41,087 New
LCM
194
Legato Capital Management
California
$1.8M +$130K +2,843 +7%
SOMRS
195
State of Michigan Retirement System
Michigan
$1.71M +$27.4K +600 +2%
Marshall Wace
196
Marshall Wace
United Kingdom
$1.7M +$1.78M +38,909 New
X
197
Xponance
Pennsylvania
$1.67M +$667K +14,586 +62%
KIC
198
Kensington Investment Counsel
California
$1.65M -$11.7K -257 -0.7%
DIA
199
Dana Investment Advisors
Wisconsin
$1.62M -$347K -7,586 -17%
JFG
200
Jefferies Financial Group
New York
$1.6M +$1.67M +36,520 New
6 7
8
9 10

EXLS Hedge Fund Activity: Q2 2025 in Review

460 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in EXL Service (EXLS) for Q2 2025, worth a combined $6.78B — down 8.1% from $7.38B a quarter earlier.

Buyers outnumbered sellers: 75 funds opened new EXLS positions and 65 closed out — a net gain of 10 holders — while 165 added to existing stakes and 168 trimmed.

The largest buyer was Invesco, adding an estimated $140M. The largest seller was BlackRock, cutting an estimated $221M.

  • 460 institutional investors held EXL Service (EXLS) as of Q2 2025, up from 455 in Q1 2025.
  • Funds reported $6.78B of EXL Service stock for Q2 2025, down 8.1% quarter-over-quarter.
  • 75 funds opened new EXL Service positions in Q2 2025 and 65 closed out, a net change of +10 holders.
  • The largest EXL Service buyer in Q2 2025 was Invesco, an estimated $140M added.
  • The largest EXL Service seller in Q2 2025 was BlackRock, an estimated $221M sold.

Based on aggregated 13F filings for Q2 2025.