XN LP
New York, NY
$3.8bn in 27 US stocks at the end of 30 June 2026. The top 10 are 65.0% of the money. It changed about 30.4% of the portfolio this quarter.
Value
$3.8bn
Stocks
27
Top 10 share
65.0%
Turnover
30.4%
What changed this quarter
New
Bought for the first time this quarter.
- Space Exploration TechnologiesSPCX13.5% of the fund
- HeicoHEI-A3.2% of the fund
- Aurora InnovationAUR2.8% of the fund
- Madison Air SolutionsMAIR2.7% of the fund
- WatersWAT1.9% of the fund
- TerawulfWULF1.7% of the fund
- DPC HoldingsDPC1.3% of the fund
- Fervo EnergyFRVO0.7% of the fund
Added
Bought more of a stock they already held.
- TKO Group HoldingsTKO13.2% of the fund+31%
- Sherwin-WilliamsSHW7.1% of the fund+37%
- Ferguson EnterprisesFERG3.2% of the fund+110%
- NvidiaNVDA2.9% of the fund+4%
Cut
Sold some of their stake.
- Taiwan Semiconductor ManufacturingTSM6.3% of the fund-13%
- CorningGLW5.2% of the fund-24%
- Solstice Advanced MaterialsSOLS5.0% of the fund-19%
- General ElectricGE4.6% of the fund-18%
- Western DigitalWDC3.7% of the fund-20%
- Amazon.comAMZN3.3% of the fund-7%
- ToastTOST3.2% of the fund-33%
- Carpenter TechnologyCRS2.8% of the fund-9%
- Spotify TechnologySPOT1.9% of the fund-29%
Sold out
Sold their entire stake.
- Applied MaterialsAMAT-100%
- Modine ManufacturingMOD-100%
- Cbre GroupCBRE-100%
- Bloom EnergyBE-100%
Holdings
- Space Exploration TechnologiesSPCX
- Share
- 13.5%
- Value
- $513m
- Shares
- 3,000,000
New
- Madison Air SolutionsMAIR
- Share
- 2.7%
- Value
- $103m
- Shares
- 2,630,403
New
- DPC HoldingsDPC
- Share
- 1.3%
- Value
- $48m
- Shares
- 970,793
New
- Fervo EnergyFRVO
- Share
- 0.7%
- Value
- $27m
- Shares
- 908,500
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Space Exploration TechnologiesSPCX | 13.5% | $513m | 3,000,000 | New |
| TKO Group HoldingsTKO | 13.2% | $502m | 2,492,185 | +31% |
| Sherwin-WilliamsSHW | 7.1% | $270m | 784,110 | +37% |
| Taiwan Semiconductor ManufacturingTSM | 6.3% | $238m | 498,690 | -13% |
| CorningGLW | 5.2% | $196m | 766,265 | -24% |
| Solstice Advanced MaterialsSOLS | 5.0% | $191m | 2,158,232 | -19% |
| General ElectricGE | 4.6% | $174m | 464,647 | -18% |
| Western DigitalWDC | 3.7% | $140m | 219,231 | -20% |
| Amazon.comAMZN | 3.3% | $125m | 523,428 | -7% |
| HeicoHEI-A | 3.2% | $123m | 475,566 | New |
| Ferguson EnterprisesFERG | 3.2% | $122m | 515,420 | +110% |
| ToastTOST | 3.2% | $122m | 4,389,160 | -33% |
| NvidiaNVDA | 2.9% | $110m | 550,888 | +4% |
| Carpenter TechnologyCRS | 2.8% | $106m | 171,170 | -9% |
| Aurora InnovationAUR | 2.8% | $105m | 15,447,541 | New |
| AlphabetGOOG | 2.7% | $103m | 292,804 | Held |
| Madison Air SolutionsMAIR | 2.7% | $103m | 2,630,403 | New |
| CRH PublicCRH | 2.5% | $94m | 879,676 | Held |
| Procore TechnologiesPCOR | 2.4% | $90m | 2,218,026 | Held |
| Spotify TechnologySPOT | 1.9% | $73m | 160,032 | -29% |
| WatersWAT | 1.9% | $72m | 193,146 | New |
| TerawulfWULF | 1.7% | $65m | 2,646,914 | New |
| Warner Bros. DiscoveryWBD | 1.5% | $57m | 2,138,141 | Held |
| DPC HoldingsDPC | 1.3% | $48m | 970,793 | New |
| Fervo EnergyFRVO | 0.7% | $27m | 908,500 | New |
| Johnson Controls InternationalJCI | 0.6% | $24m | 164,786 | Held |
| FigmaFIG | 0.2% | $7m | 361,779 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 32.6% since 30 June 2025.
Where the money is
Technology36.8%
Media & telecom19.4%
Industrials17.1%
Materials15.9%
Financial services4.9%
Retail & consumer3.3%
Health care1.9%
Utilities0.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.