13F
中
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XTX Topco Ltd

13F equity value
$5.8B
Positions
3,773
Top 10 concentration
4.0%
Quarters / total new picks
19 / 9,197
13F equity value over time
$0M$3B$6B202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 19 quarters, returned +2.1% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 52.6% of quarters (excess t = 1.22, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.5%
t-stat
1.22
Quarterly win rate
53%
Annualized excess
+1.3%
$1 → follow vs universe
$1.41 vs $1.33
Cumulative return: $1 invested in new picks vs universe
1.00 20210630: universe 1.08020210930: universe 0.96920211231: universe 0.82520220331: universe 0.88620220630: universe 0.82120220930: universe 0.88120221231: universe 0.81920230331: universe 0.86320230630: universe 0.83220230930: universe 0.94420231231: universe 0.98620240331: universe 1.00820240630: universe 1.10020240930: universe 1.09120241231: universe 1.01820250331: universe 1.11020250630: universe 1.14420250930: universe 1.28720251231: universe 1.331 20210630: follow 1.07320210930: follow 0.99520211231: follow 0.83320220331: follow 0.88920220630: follow 0.81920220930: follow 0.88420221231: follow 0.84220230331: follow 0.88320230630: follow 0.85420230930: follow 0.98920231231: follow 1.03220240331: follow 1.04420240630: follow 1.14320240930: follow 1.14420241231: follow 1.06520250331: follow 1.17120250630: follow 1.22120250930: follow 1.37420251231: follow 1.409 0.75 1.14 1.52 20212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 3773 · 2026 Q1

Ticker Value Weight QoQ
EWY $35M
0.6%
ADD
SPY $28M
0.5%
ADD
DIA $25M
0.4%
ADD
CME $23M
0.4%
ADD
NVDA $22M
0.4%
TRIM
C $20M
0.3%
ADD
DUK $20M
0.3%
NEW
GS $19M
0.3%
ADD
GE $19M
0.3%
ADD
BSX $18M
0.3%
ADD
PH $18M
0.3%
ADD
AMZN $17M
0.3%
ADD
AEP $17M
0.3%
ADD
V $16M
0.3%
ADD
DOW $16M
0.3%
ADD
HON $16M
0.3%
ADD
COF $16M
0.3%
NEW
OTIS $16M
0.3%
ADD
VST $15M
0.3%
ADD
UL $15M
0.3%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

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Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.