# XTX Topco Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1828301. Source: https://holderbook.com/funds/1828301-xtx-topco-ltd/

- Reported value: $7.7B
- Positions: 4,087
- Weight of the ten largest: 3.8%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $40.3M | 242,884 | 0.5% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $35.0M | 70,039 | 0.5% | 2 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $31.4M | 47,832 | 0.4% | 5 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $28.9M | 130,751 | 0.4% | 9 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $28.8M | 403,127 | 0.4% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $28.7M | 243,996 | 0.4% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $27.4M | 37,264 | 0.4% | 5 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $25.9M | 191,617 | 0.3% | 1 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $25.5M | 207,506 | 0.3% | 2 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $24.8M | 580,370 | 0.3% | 4 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $22.8M | 219,406 | 0.3% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $22.4M | 39,811 | 0.3% | 4 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $21.8M | 54,930 | 0.3% | 2 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $21.6M | 105,212 | 0.3% | 2 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $21.3M | 29,617 | 0.3% | 3 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $20.9M | 77,844 | 0.3% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $20.5M | 86,044 | 0.3% | 5 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $20.3M | 20,035 | 0.3% | 10 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $20.1M | 834,735 | 0.3% | 3 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $19.8M | 68,055 | 0.3% | 5 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $19.6M | 538,820 | 0.3% | 4 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $19.1M | 51,527 | 0.2% | 1 |
| REGENERON PHARMACEUTICALS | [REGN](https://holderbook.com/stocks/REGN/) | $19.0M | 30,522 | 0.2% | 2 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $18.9M | 47,411 | 0.2% | 6 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $17.9M | 131,841 | 0.2% | 3 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $17.5M | 18,251 | 0.2% | 1 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $17.4M | 55,423 | 0.2% | 9 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $17.1M | 296,500 | 0.2% | 3 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $16.7M | 63,949 | 0.2% | 3 |
| XCEL ENERGY INC | [XEL](https://holderbook.com/stocks/XEL/) | $16.7M | 207,504 | 0.2% | 8 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $16.6M | 43,926 | 0.2% | 4 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $16.4M | 49,776 | 0.2% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $16.4M | 54,721 | 0.2% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $16.4M | 54,984 | 0.2% | 4 |
| TECHNIPFMC PLC | [FTI](https://holderbook.com/stocks/FTI/) | $16.3M | 245,239 | 0.2% | 4 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $16.1M | 16,735 | 0.2% | 4 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $15.9M | 31,206 | 0.2% | 4 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $15.9M | 127,579 | 0.2% | 4 |
| CARVANA CO | [CVNA](https://holderbook.com/stocks/CVNA/) | $15.7M | 237,997 | 0.2% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $15.1M | 103,009 | 0.2% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $15.1M | 55,788 | 0.2% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $14.7M | 100,564 | 0.2% | 1 |
| WORKDAY INC | [WDAY](https://holderbook.com/stocks/WDAY/) | $14.7M | 119,990 | 0.2% | 7 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $14.5M | 13,945 | 0.2% | 3 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $14.4M | 78,093 | 0.2% | 4 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $14.4M | 87,858 | 0.2% | 4 |
| TOPBUILD COR | [BLD](https://holderbook.com/stocks/BLD/) | $14.3M | 40,332 | 0.2% | 3 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $14.2M | 119,621 | 0.2% | 1 |
| TRADEWEB MKTS INC | [TW](https://holderbook.com/stocks/TW/) | $14.1M | 141,211 | 0.2% | 1 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $14.0M | 65,596 | 0.2% | 1 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $13.9M | 78,132 | 0.2% | 3 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $13.9M | 493,740 | 0.2% | 13 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $13.9M | 193,067 | 0.2% | 1 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $13.8M | 21,682 | 0.2% | 5 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $13.7M | 76,381 | 0.2% | 1 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $13.7M | 81,613 | 0.2% | 1 |
| NISOURCE INC | [NI](https://holderbook.com/stocks/NI/) | $13.6M | 286,384 | 0.2% | 5 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $13.5M | 181,747 | 0.2% | 2 |
| ATLASSIAN CORPORATION | [TEAM](https://holderbook.com/stocks/TEAM/) | $13.5M | 173,521 | 0.2% | 8 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $13.5M | 11,664 | 0.2% | 5 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $13.2M | 67,963 | 0.2% | 2 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $13.0M | 82,796 | 0.2% | 2 |
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $12.8M | 303,222 | 0.2% | 2 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $12.7M | 83,533 | 0.2% | 1 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $12.6M | 166,957 | 0.2% | 3 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $12.6M | 207,882 | 0.2% | 6 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $12.5M | 24,497 | 0.2% | 3 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $12.4M | 70,766 | 0.2% | 2 |
| COGNIZANT TECHNOLOGY SOLUTIO | [CTSH](https://holderbook.com/stocks/CTSH/) | $12.3M | 318,032 | 0.2% | 1 |
| STIFEL FINL CORP | [SF](https://holderbook.com/stocks/SF/) | $12.3M | 176,354 | 0.2% | 2 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $12.2M | 708,639 | 0.2% | 3 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $12.2M | 51,519 | 0.2% | 4 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $12.2M | 87,778 | 0.2% | 1 |
| CHORD ENERGY CORPORATION | [CHRD](https://holderbook.com/stocks/CHRD/) | $12.2M | 106,671 | 0.2% | 3 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $12.2M | 93,680 | 0.2% | 4 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $12.1M | 43,116 | 0.2% | 2 |
| CRH PLC | [CRH](https://holderbook.com/stocks/CRH/) | $12.1M | 112,874 | 0.2% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $12.0M | 106,320 | 0.2% | 5 |
| ZOOM COMMUNICATIONS INC | [ZM](https://holderbook.com/stocks/ZM/) | $12.0M | 139,451 | 0.2% | 9 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $12.0M | 581,356 | 0.2% | 6 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $12.0M | 125,021 | 0.2% | 4 |
| INNIO NV | [INIO](https://holderbook.com/stocks/INIO/) | $12.0M | 303,650 | 0.2% | 1 |
| TKO GROUP HOLDINGS INC | [TKO](https://holderbook.com/stocks/TKO/) | $12.0M | 59,539 | 0.2% | 1 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $11.9M | 107,035 | 0.2% | 1 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $11.9M | 238,886 | 0.2% | 3 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $11.8M | 291,627 | 0.2% | 3 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $11.8M | 149,144 | 0.2% | 1 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $11.7M | 33,085 | 0.2% | 4 |
| OLLIES BARGAIN OUTLET HLDGS | [OLLI](https://holderbook.com/stocks/OLLI/) | $11.7M | 152,151 | 0.2% | 5 |
| ASCENDIS PHARMA A/S | [ASND](https://holderbook.com/stocks/ASND/) | $11.5M | 43,289 | 0.1% | 1 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $11.5M | 40,936 | 0.1% | 1 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $11.5M | 67,882 | 0.1% | 4 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $11.4M | 27,996 | 0.1% | 3 |
| TALEN ENERGY CORP | [TLN](https://holderbook.com/stocks/TLN/) | $11.4M | 29,571 | 0.1% | 3 |
| FERROVIAL NV | [FER](https://holderbook.com/stocks/FER/) | $11.3M | 165,184 | 0.1% | 2 |
| APTIV PLC | [APTV](https://holderbook.com/stocks/APTV/) | $11.3M | 184,638 | 0.1% | 2 |
| GENERAL MTRS CO | [GM](https://holderbook.com/stocks/GM/) | $11.3M | 146,606 | 0.1% | 6 |
| COLUMBIA BKG SYS INC | [COLB](https://holderbook.com/stocks/COLB/) | $11.2M | 350,389 | 0.1% | 4 |
| ROLLINS INC | [ROL](https://holderbook.com/stocks/ROL/) | $11.2M | 267,722 | 0.1% | 1 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $11.2M | 40,460 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.1% | +14.8% | -0.7% | 100% |
| Q1 2026 | -1.4% | -4.6% | +3.3% | 99% |
| Q4 2025 | +2.2% | +2.4% | -0.1% | 99% |
| Q3 2025 | +9.3% | +7.8% | +1.5% | 99% |
| Q2 2025 | +10.1% | +10.5% | -0.4% | 99% |
| Q1 2025 | -4.2% | -4.6% | +0.3% | 97% |
| Q4 2024 | +1.3% | +2.1% | -0.8% | 98% |
| Q3 2024 | +7.6% | +5.4% | +2.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $7.7B | 4,087 |
| Q1 2026 | $5.8B | 3,773 |
| Q4 2025 | $3.8B | 3,255 |
| Q3 2025 | $1.9B | 2,476 |
| Q2 2025 | $2.4B | 2,275 |
| Q1 2025 | $2.0B | 2,330 |
| Q4 2024 | $1.2B | 2,207 |
| Q3 2024 | $1.4B | 2,014 |
| Q2 2024 | $1.2B | 1,785 |
| Q1 2024 | $741.8M | 1,773 |
| Q4 2023 | $456.7M | 1,511 |
| Q3 2023 | $585.7M | 1,504 |