In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), XN LP reported 19 stock positions worth $2.2 billion . Its top holding was Tko (TKO) at 18.1% of the portfolio, followed by Sherwin-Williams (SHW, 8.0% ) and Transunion (TRU, 7.4% ). Compared with Q4 2024, it opened 5 new positions, sold out of 9, added to 8 and reduced 6. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +735% ) and the biggest sale an exit from Vulcan Materials (VMC).
Location New York, NY
CIK 0001756558
Portfolio Value $2.2B (Q1 2025) Holdings 19 stocks · $2.2B 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 Q4 2024 TKO Tko Group Holdings Inc. 2,600,613 $397.4M Reduce -1.1% SHW The Sherwin-Williams Co. 504,315 $176.1M Add +32.1% TRU Transunion 1,963,758 $163.0M Add +2.9% TSM Taiwan Semiconductor-SP ADR 965,398 $160.3M Add +734.6% TOST Toast Inc. Class A 4,787,836 $158.8M Add +3.4% PCOR Procore Technologies Inc. 2,311,550 $152.6M Reduce -10.3% GE General Electric filed as GE AEROSPACE 751,269 $150.4M Reduce -32.7% CRM Salesforce Inc. 418,234 $112.2M Reduce -6.7% JCI Johnson Controls Internation 1,073,853 $86.0M Add +14.0% GEV GE Vernova Inc. 273,114 $83.4M New META Meta Platforms Inc. Class A 141,802 $81.7M New AMZN Amazon.com Inc. 405,729 $77.2M Reduce -1.9% GOOG Alphabet Inc. Class C 484,333 $75.7M Reduce -8.0% AMAT Applied Materials Inc. 509,260 $73.9M Add +2.6% SPOT Spotify Technology SA 112,184 $61.7M New WDAY Workday Inc. Class A 250,183 $58.4M New NVDA Nvidia Corp. 527,297 $57.1M Add +1.7% MNDY Monday.com Ltd. 201,139 $48.9M New FERG Ferguson Enterprises Inc. 153,517 $24.6M Add +153.4%
Portfolio Sells Q4 2024 → Q1 2025 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 Q4 2024 % Of Portfolio Change To Portfolio ▲ VMC Vulcan Materials Co. Sold out 0.00% −6.84 MSFT Microsoft Corp. Sold out 0.00% −4.89 FND Floor & Decor Holdings Inc. Class A Sold out 0.00% −2.68 KKR KKR & Co. Inc. Sold out 0.00% −1.68 EDR Endeavor Group Hold Class A Sold out 0.00% −1.52 PCOR Procore Technologies Inc. Reduce -10.3% 6.94% −1.51 CRM Salesforce Inc. Reduce -6.7% 5.10% −1.45 GE General Electric Reduce -32.7% 6.84% −1.31 AMD Advanced Micro Devices Sold out 0.00% −1.11 GOOG Alphabet Inc. Class C Reduce -8.0% 3.44% −0.94 CMCSA Comcast Corp. Class A Sold out 0.00% −0.84 AMZN Amazon.com Inc. Reduce -1.9% 3.51% −0.46 CHTR Charter Communications Inc. Class A Sold out 0.00% −0.30 TTAN Servicetitan Inc. Class A Sold out 0.00% −0.23 TKO Tko Group Holdings Inc. Reduce -1.1% 18.07% +1.73
Portfolio Buys Q4 2024 → Q1 2025 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 Q4 2024 % Of Portfolio Change To Portfolio ▼ TSM Taiwan Semiconductor-SP ADR Add +734.6% 7.29% +6.29 GEV GE Vernova Inc. New 3.79% +3.79 META Meta Platforms Inc. Class A New 3.72% +3.72 SPOT Spotify Technology SA New 2.81% +2.81 WDAY Workday Inc. Class A New 2.66% +2.66 SHW The Sherwin-Williams Co. Add +32.1% 8.01% +2.33 MNDY Monday.com Ltd. New 2.22% +2.22 JCI Johnson Controls Internation Add +14.0% 3.91% +0.66 FERG Ferguson Enterprises Inc. Add +153.4% 1.12% +0.66 TOST Toast Inc. Class A Add +3.4% 7.22% −0.16 AMAT Applied Materials Inc. Add +2.6% 3.36% −0.17 TRU Transunion Add +2.9% 7.41% −0.33 NVDA Nvidia Corp. Add +1.7% 2.60% −0.45
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ PCOR Procore Technologies Inc. call Sold out 3,250,000 $243.5Mbefore 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