Q3 2025 · 13F-HR
XN LPholdings as filed
Filed 2025-11-12 · accession 0001172661-25-004726
$3.40B
Reported value
22
Positions
2025-09-30
Period end
The Brief · XN LP · Q3 2025
AI · grounded in 13F
XN LP established a new position in TKO valued at $544.8M. The fund also initiated new stakes in TSM for $246.5M and SHW for $218.2M. Other new additions include TOST at $217.5M and TRU at $205M. The fund ended the period with 22 positions and total AUM of $3.4B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $544.8M | 16.0% | 2,697,369 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $246.5M | 7.25% | 882,755 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $218.2M | 6.42% | 630,209 | Common | SOLE |
| 888787108 | TOST | TOAST INC | $217.5M | 6.40% | 5,958,530 | Common | SOLE |
| 89400J107 | TRU | TRANSUNION | $205.0M | 6.03% | 2,446,657 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $192.2M | 5.65% | 813,330 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $171.2M | 5.04% | 569,227 | Common | SOLE |
| 74275K108 | PCOR | PROCORE TECHNOLOGIES INC | $168.6M | 4.96% | 2,311,550 | Common | SOLE |
| 75734B100 | RDDT | REDDIT INC | $157.0M | 4.62% | 682,437 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $154.4M | 4.54% | 703,384 | Common | SOLE |
| L8681T102 | SPOT | SPOTIFY TECHNOLOGY S A | $154.3M | 4.54% | 221,114 | Common | SOLE |
| 316841105 | FIG | FIGMA INC | $140.2M | 4.12% | 2,702,130 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $113.1M | 3.33% | 503,477 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $109.7M | 3.22% | 5,614,725 | Common | SOLE |
| G25508105 | CRH | CRH PLC | $105.5M | 3.10% | 879,676 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $104.5M | 3.07% | 560,331 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $93.2M | 2.74% | 393,429 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $88.4M | 2.60% | 120,319 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $77.0M | 2.27% | 316,285 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $69.0M | 2.03% | 336,900 | Common | SOLE |
| M7S64H106 | MNDY | MONDAY COM LTD | $38.4M | 1.13% | 198,314 | Common | SOLE |
| G51502105 | JCI | JOHNSON CTLS INTL PLC | $31.5M | 0.93% | 286,853 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.