In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), XN LP reported 23 stock positions worth $2.3 billion . Its top holding was Tko (TKO) at 16.3% of the portfolio, followed by Procore Technologies (PCOR, 8.4% ) and General Electric (GE, 8.1% ). Compared with Q3 2024, it opened 6 new positions, sold out of 4, added to 5 and reduced 10. The biggest buy was a new position in Microsoft (MSFT) and the biggest sale Floor & Decor Class A (FND, shares −50% ).
Location New York, NY
CIK 0001756558
Portfolio Value $2.3B (Q4 2024) Holdings 23 stocks · $2.3B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 TKO Tko Group Holdings Inc. 2,628,224 $373.5M Add +12.7% PCOR Procore Technologies Inc. 2,577,279 $193.1M Add +12.1% GE General Electric filed as GE AEROSPACE 1,116,357 $186.2M Add +8.0% TRU Transunion 1,907,775 $176.9M Add +2.9% TOST Toast Inc. Class A 4,630,231 $168.8M Reduce -3.3% VMC Vulcan Materials Co. 608,386 $156.5M Reduce -15.2% CRM Salesforce Inc. 448,389 $149.9M Reduce -13.4% SHW The Sherwin-Williams Co. 381,852 $129.8M Add +3.0% MSFT Microsoft Corp. 265,320 $111.8M New GOOG Alphabet Inc. Class C 526,266 $100.2M Reduce -37.8% AMZN Amazon.com Inc. 413,373 $90.7M Reduce -36.8% AMAT Applied Materials Inc. 496,408 $80.7M Reduce -41.9% JCI Johnson Controls Internation 941,676 $74.3M New NVDA Nvidia Corp. 518,674 $69.7M Reduce -0.6% FND Floor & Decor Holdings Inc. Class A 613,738 $61.2M Reduce -50.4% KKR KKR & Co. Inc. 258,936 $38.3M No change EDR Endeavor Group Hold Class A 1,109,241 $34.7M No change AMD Advanced Micro Devices 210,652 $25.4M Reduce -22.5% TSM Taiwan Semiconductor-SP ADR 115,669 $22.8M New CMCSA Comcast Corp. Class A 510,677 $19.2M Reduce -74.8% FERG Ferguson Enterprises Inc. 60,583 $10.5M New CHTR Charter Communications Inc. Class A 20,078 $6.9M New TTAN Servicetitan Inc. Class A 50,000 $5.1M New
Options reported separately and not counted above: PCOR calls ($243.5M).
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ FND Floor & Decor Holdings Inc. Class A Reduce -50.4% 2.68% −3.88 AMAT Applied Materials Inc. Reduce -41.9% 3.53% −3.84 CMCSA Comcast Corp. Class A Reduce -74.8% 0.84% −2.77 LINE Lineage Inc. Sold out 0.00% −1.67 GOOG Alphabet Inc. Class C Reduce -37.8% 4.38% −1.66 ADBE Adobe Inc. Sold out 0.00% −1.42 AMZN Amazon.com Inc. Reduce -36.8% 3.97% −1.23 VMC Vulcan Materials Co. Reduce -15.2% 6.84% −0.83 AMD Advanced Micro Devices Reduce -22.5% 1.11% −0.79 ESTC Elastic NV Sold out 0.00% −0.13 IBTA Ibotta Inc. Class A Sold out 0.00% −0.05 NVDA Nvidia Corp. Reduce -0.6% 3.05% +0.34 CRM Salesforce Inc. Reduce -13.4% 6.56% +0.51 TOST Toast Inc. Class A Reduce -3.3% 7.38% +1.59
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ MSFT Microsoft Corp. New 4.89% +4.89 TKO Tko Group Holdings Inc. Add +12.7% 16.34% +4.02 JCI Johnson Controls Internation New 3.25% +3.25 PCOR Procore Technologies Inc. Add +12.1% 8.45% +2.39 TSM Taiwan Semiconductor-SP ADR New 1.00% +1.00 FERG Ferguson Enterprises Inc. New 0.46% +0.46 CHTR Charter Communications Inc. Class A New 0.30% +0.30 TTAN Servicetitan Inc. Class A New 0.23% +0.23 GE General Electric Add +8.0% 8.14% −0.18 SHW The Sherwin-Williams Co. Add +3.0% 5.68% −0.37 TRU Transunion Add +2.9% 7.74% −0.55
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US call Sold out 500,000 $286.9Mbefore exit PCOR Procore Technologies Inc. call Add +32078.2% 3,250,000 $243.5M TKO Tko Group Holdings Inc. call Sold out 500,000 $61.9Mbefore exit CMCSA Comcast Corp. Class A call Sold out 500,000 $20.9Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 27 $3.8B SPCX, TKO, SHW, TSM, GLW Q1 2026 23 $2.7B TKO, SOLS, TSM, SHW, TOST Q4 2025 26 $3.6B TKO, TOST, TSM, SHW, SPOT Q3 2025 22 $3.4B TKO, TSM, SHW, TOST, TRU Q2 2025 20 $2.9B TKO, TOST, TRU, SHW, TSM Q1 2025 19 $2.2B TKO, SHW, TRU, TSM, TOST Q4 2024 23 $2.3B TKO, PCOR, GE, TRU, TOST Q3 2024 21 $2.3B TKO, GE, TRU, VMC, AMAT Q2 2024 22 $2.1B TKO, PCOR, TRU, GE, GOOG Q1 2024 20 $2.0B GOOG, TKO, GE, WAB, ADBE