13FPulse
XE

XENE XENON PHARMACEUTICALS INC

2026Q2 · CUSIP 98420N105 · Sector: Healthcare & Biotech

Piling in

Net holder growth ranks near the top of the market

Funds that own it
309
Institutions that reported holding it to the SEC
Net increase in holders
+21
Last quarter 288 → now 309
How unusual is that
Top 20%
Stronger buying than 84% of US stocks
What the filings say, in one paragraph

309 funds held XENE at the end of 2026Q2, up 21 from the quarter before. That is stronger buying than 83.9% of US stocks — among the most piled-into names this quarter. On the business itself, return on equity is -32.9%. XENE has had 10 buying rushes in its history, and the price moved -3.3% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Healthcare & Biotech sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2015Q1: holders=22 2015Q2: holders=27 2015Q3: holders=25 2015Q4: holders=25 2016Q1: holders=25 2016Q2: holders=22 2016Q3: holders=31 2016Q4: holders=31 2017Q1: holders=38 2017Q2: holders=39 2017Q3: holders=31 2017Q4: holders=32 2018Q1: holders=35 2018Q2: holders=42 2018Q3: holders=60 2018Q4: holders=58 2019Q1: holders=63 2019Q2: holders=61 2019Q3: holders=54 2019Q4: holders=66 2020Q1: holders=70 2020Q2: holders=79 2020Q3: holders=80 2020Q4: holders=81 2021Q1: holders=92 2021Q2: holders=103 2021Q3: holders=116 2021Q4: holders=131 2022Q1: holders=134 2022Q2: holders=150 2022Q3: holders=154 2022Q4: holders=160 2023Q1: holders=161 2023Q2: holders=176 2023Q3: holders=179 2023Q4: holders=203 2024Q1: holders=219 2024Q2: holders=213 2024Q3: holders=203 2024Q4: holders=209 2025Q1: holders=205 2025Q2: holders=204 2025Q3: holders=217 2025Q4: holders=246 2026Q1: holders=288 2026Q2: holders=309 -42 -21 +0 +21 +42 19172325 15Q116Q217Q318Q420Q121Q222Q323Q425Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 10 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 20%
2026Q1 Top 10% +13.5%
2025Q4 Top 20% +33.8% +26.9%
2024Q1 Top 20% -9.2% -0.6%
2023Q2 Top 20% -6.3% -18.4%
2022Q2 Top 10% -0.8% -4.4%
2021Q3 Top 20% -2.0% +2.0%
2020Q1 Top 20% -8.6% -19.6%
2018Q3 Top 20% -11.1% -8.9%
2016Q3 Top 20%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
168
Change in large funds
+17
Total value they hold
$6.1B
Funds buying for the first time
49
Funds that sold out entirely
28
Price change that quarter
+12.0%
Funds holding puts (bearish)
3
Funds holding calls (bullish)
4

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-4.74
EPS YoY
Revenue (TTM)
Revenue YoY
Net margin
ROE
-32.9%
Debt ratio
4.1%
FCF (TTM)
-$339M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2021-09-30: EPS -0.36 2021-12-31: EPS -0.48 2022-03-31: EPS -0.35 2022-06-30: EPS -0.55 2022-09-30: EPS -0.57 2022-12-31: EPS -0.59 2023-03-31: EPS -0.63 2023-06-30: EPS -0.72 2023-09-30: EPS -0.73 2023-12-31: EPS -0.65 2024-03-31: EPS -0.62 2024-06-30: EPS -0.75 2024-09-30: EPS -0.81 2024-12-31: EPS -0.83 2025-03-31: EPS -0.83 2025-06-30: EPS -1.07 2025-09-30: EPS -1.15 2025-12-31: EPS -1.31 2026-03-31: EPS -1.17 2026-06-30: EPS -1.11 -1.44 -0.72 0.00 20212022202320242025202606/26 EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

Quarterly free cash flow
-89M-35M19M 20162017201820192020202120222023202420252026
Latest quarter $-89M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-06-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.