XN LP

NEW YORK, NY · CIK 0001756558

Portfolio Value: $3.40B

Positions: 22

Period: 2025-09-30

Filed: 2025-11-12

Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q2 2022 Q1 2022 Q4 2021

Portfolio Value

$3.40B

Positions

New

Increased

Decreased

Sold Out

XN LP Q3 2025 13F Filing Summary

XN LP (NEW YORK, NY) reported a portfolio value of $3.40B across 22 positions in their Q3 2025 SEC 13F filing (period ending 2025-09-30). Top holdings include TKO ($544.76M), TSM ($246.54M), SHW ($218.22M). The top 10 positions account for 66.9% of the portfolio. This quarter saw 4 new positions, 7 increases, 9 reductions, 42 complete exits. Notable new buys: UNP ($192.25M), FIG ($140.16M), WBD ($109.66M). Notable exits: CBRE, DASH, GEV.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	TKOTKO GROUP HOLDINGS INC CL A	87256C101	$544.76M	2,697,369	16.02%	+3.7%
2	TSMTAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS	874039100	$246.54M	882,755	7.25%	-4.9%
3	SHWSHERWIN WILLIAMS CO COM	824348106	$218.22M	630,209	6.42%	-1.2%
4	TOSTTOAST INC CL A	888787108	$217.55M	5,958,530	6.40%	+14.3%
5	TRUTRANSUNION COM	89400J107	$204.98M	2,446,657	6.03%	-3.1%
6	UNPUNION PAC CORP COM	907818108	$192.25M	813,330	5.65%	New
7	GEGE AEROSPACE COM NEW	369604301	$171.23M	569,227	5.04%	-65.2%
8	PCORPROCORE TECHNOLOGIES INC COM	74275K108	$168.56M	2,311,550	4.96%	-
9	RDDTREDDIT INC CL A	75734B100	$156.95M	682,437	4.62%	+75.1%
10	AMZNAMAZON COM INC COM	23135106	$154.44M	703,384	4.54%	+5.2%
11	SPOTSPOTIFY TECHNOLOGY S A SHS	L8681T102	$154.34M	221,114	4.54%	+70.3%
12	FIGFIGMA INC CLASS A COM STK	316841105	$140.16M	2,702,130	4.12%	New
13	FERGFERGUSON ENTERPRISES INC COMMON STOCK NEW	31488V107	$113.07M	503,477	3.33%	+91.2%
14	WBDWARNER BROS DISCOVERY INC COM SER A	934423104	$109.66M	5,614,725	3.22%	New
15	RHCRH PLC ORD	G25508105	$105.47M	879,676	3.10%	New
16	NVDANVIDIA CORPORATION COM	67066G104	$104.55M	560,331	3.07%	+16.7%
17	CRMSALESFORCE INC COM	79466L302	$93.24M	393,429	2.74%	-16.8%
18	METAMETA PLATFORMS INC CL A	30303M102	$88.36M	120,319	2.60%	-21.0%
19	GOOGALPHABET INC CAP STK CL C	02079K107	$77.03M	316,285	2.27%	-34.7%
20	PPLAPPLIED MATLS INC COM	38222105	$68.98M	336,900	2.03%	-38.3%
21	MNDYMONDAY COM LTD SHS	M7S64H106	$38.41M	198,314	1.13%	-51.6%
22	JCIJOHNSON CTLS INTL PLC SHS	G51502105	$31.54M	286,853	0.93%	-

Position Changes

Stock	Value	Shares
UNPUNION PAC CORP	$192.25M	813,330
FIGFIGMA INC	$140.16M	2,702,130
WBDWARNER BROS DISCOVERY INC	$109.66M	5,614,725
RHCRH PLC	$105.47M	879,676