XPEL INC XPEL
COM · Common Stock · CUSIP 98379L100 · ISIN US98379L1008
- SectorIndustrials
- IndustryCoating, Engraving & Allied Services
- HeadquartersSan Antonio, TX
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($899.1k this quarter). Holder counts are more reliable. Shares outstanding: 27.6m as of 2026-02-27, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $44.26. Options: 3 managers hold calls ($1.7m notional), 2 hold puts ($336.4k).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 173 |
| Q4 2022 | 179 |
| Q1 2023 | 176 |
| Q2 2023 | 181 |
| Q3 2023 | 187 |
| Q4 2023 | 187 |
| Q1 2024 | 185 |
| Q2 2024 | 169 |
| Q3 2024 | 183 |
| Q4 2024 | 174 |
| Q1 2025 | 171 |
| Q2 2025 | 181 |
| Q3 2025 | 189 |
| Q4 2025 | 199 |
| Q1 2026 | 209 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 97 | 94 |
| Q3 2024 | 102 | 70 |
| Q4 2024 | 81 | 81 |
| Q1 2025 | 86 | 77 |
| Q2 2025 | 102 | 76 |
| Q3 2025 | 112 | 69 |
| Q4 2025 | 107 | 84 |
| Q1 2026 | 104 | 84 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $2.6m | $983.7k | 0.38 |
| Q3 2025 | $1.7m | $1.9m | 1.12 |
| Q4 2025 | $3.9m | $1.8m | 0.47 |
| Q1 2026 | $1.7m | $336.4k | 0.20 |
Biggest buyers
| Divisadero Street Capital Management, LP | New | +720.4k |
| ALTA FOX CAPITAL MANAGEMENT, LLC | Added | +481.6k |
| Polar Asset Management Partners Inc. | New | +122.0k |
| WESTWOOD HOLDINGS GROUP INC | Added | +112.3k |
| CAPTRUST FINANCIAL ADVISORS | New | +80.5k |
| Tenzing Global Management, LLC | New | +75.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +68.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +65.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +62.3k |
| MARSHALL WACE, LLP | New | +54.7k |
Biggest sellers
| BlackRock, Inc. | Reduced | -331.2k |
| JANUS HENDERSON GROUP PLC | Reduced | -120.7k |
| Roubaix Capital, LLC | Sold out | -116.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | Reduced | -66.0k |
| INTECH INVESTMENT MANAGEMENT LLC | Reduced | -45.0k |
| SCHWARTZ INVESTMENT COUNSEL INC | Reduced | -43.2k |
| BARCLAYS PLC | Reduced | -34.8k |
| PRUDENTIAL FINANCIAL INC | Reduced | -33.6k |
| Crawford Fund Management, LLC | Reduced | -32.2k |
| D. E. Shaw & Co., Inc. | Reduced | -30.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $885.2k20.0k shares |
| CITADEL ADVISORS LLC | Reduced | $597.5k13.5k shares |
| IMC-Chicago, LLC | New | $212.4k4.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $296.5k6.7k shares |
| GROUP ONE TRADING LLC | Reduced | $39.8k900 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| WASATCH ADVISORS LP 13G · institution -1.4 pts · filed 2026-10-09 | 12.4% |
| Alta Fox Opportunities Fund, LP 13G · passive investor +1.8 pts · filed 2026-05-15 | 7.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-09-03)
Insider purchases and sales in Q1 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 1 | $96.5k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 3 | $2.7m | $2.4m |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $187.3k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| WASATCH ADVISORS LP 1.13% of their portfolio | 3.8m $170.2m | Added +30.1k |
| BlackRock, Inc. 0.00% of their portfolio | 3.7m $163.7m | Reduced -331.2k |
| ALTA FOX CAPITAL MANAGEMENT, LLC 22.54% of their portfolio | 1.9m $85.2m | Added +481.6k |
| SCS Capital Management LLC 0.58% of their portfolio | 1.2m $55.0m | Unchanged |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.0m $46.2m | First filing |
| STATE STREET CORP 0.00% of their portfolio | 926.7k $41.0m | Added +28.9k |
| SCHWARTZ INVESTMENT COUNSEL INC 1.30% of their portfolio | 824.8k $36.5m | Reduced -43.2k |
| WESTWOOD HOLDINGS GROUP INC 0.26% of their portfolio | 805.5k $35.7m | Added +112.3k |
| Divisadero Street Capital Management, LP 1.49% of their portfolio | 720.4k $31.9m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 619.3k $27.4m | Added +1.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 488.0k $21.6m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 472.6k $20.9m | Added +68.3k |
| Crawford Fund Management, LLC 4.79% of their portfolio | 332.1k $14.7m | Reduced -32.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 252.4k $11.2m | Added +5.3k |
| MORGAN STANLEY 0.00% of their portfolio | 251.4k $11.1m | Reduced -7.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 232.7k $10.3m | Added +940 |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio | 197.9k $8.8m | Added +2.3k |
| LHM, INC. 3.32% of their portfolio | 190.7k $8.4m | Reduced -8.8k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 175.5k $7.8m | First filing |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 168.6k $7.5m | Added +42.9k |
| UBS Group AG 0.00% of their portfolio | 163.3k $7.2m | Added +42.7k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 160.5k $7.1m | Reduced -22.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 139.3k $6.2m | Reduced -4.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 135.5k $6.0m | Reduced -2.7k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 134.9k $6.0m | Reduced -30.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 122.6k $5.4m | Added +62.3k |
| Polar Asset Management Partners Inc. 0.13% of their portfolio | 122.0k $5.4m | New |
| Public Sector Pension Investment Board 0.02% of their portfolio | 116.1k $5.1m | Added +28.9k |
| Cresset Asset Management, LLC 0.02% of their portfolio | 103.6k $4.6m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 100.9k $4.5m | Added +35.3k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.01% of their portfolio | 98.6k $4.4m | Reduced -66.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 86.9k $3.8m | Added +9.5k |
| Invesco Ltd. 0.00% of their portfolio | 86.2k $3.8m | Reduced -3.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 84.6k $3.7m | Added +50.0k |
| Nuveen, LLC 0.00% of their portfolio | 82.2k $3.6m | Added +1.6k |
| Heritage Family Offices, LLP 1.61% of their portfolio | 81.8k $3.6m | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 80.5k $3.6m | New |
| BRIDGES INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 79.1k $3.5m | Added +10.8k |
| Tenzing Global Management, LLC 2.75% of their portfolio | 75.0k $3.3m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 72.4k $3.2m | Added +65.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.00% of their portfolio | 71.1k $3.1m | Reduced -2.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 65.9k $2.9m | Added +2.0k |
| SPRUCEGROVE INVESTMENT MANAGEMENT LTD 0.46% of their portfolio | 64.8k $2.9m | Added +544 |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 62.9k $2.8m | Added +6.9k |
| Legal & General Group Plc 0.00% of their portfolio | 57.7k $2.6m | Reduced -6.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 55.7k $2.5m | Reduced -14.7k |
| Venture Visionary Partners LLC 0.08% of their portfolio | 55.4k $2.5m | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 54.7k $2.4m | New |
| QV Investors Inc. 0.19% of their portfolio | 51.6k $2.3m | Unchanged |
| BROWN CAPITAL MANAGEMENT LLC 0.32% of their portfolio | 51.6k $2.3m | New |
| Lombard Odier Asset Management (Europe) Ltd 0.12% of their portfolio | 51.2k $2.3m | Added +15.2k |
| Swiss National Bank 0.00% of their portfolio | 49.2k $2.2m | Unchanged |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.02% of their portfolio | 43.2k $1.9m | Added +2.8k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 40.4k $1.8m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 39.3k $1.7m | Reduced -18.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 37.0k $1.6m | Added +7.2k |
| B. Metzler seel. Sohn & Co. AG 0.02% of their portfolio | 36.6k $1.6m | Added +3.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 36.2k $1.6m | Added +470 |
| Baird Financial Group, Inc. 0.00% of their portfolio | 34.5k $1.5m | Reduced -4.1k |
| BARCLAYS PLC 0.00% of their portfolio | 32.8k $1.5m | Reduced -34.8k |
| GSA CAPITAL PARTNERS LLP 0.09% of their portfolio | 31.8k $1.4m | New |
| Redmond Asset Management, LLC 0.35% of their portfolio | 29.1k $1.3m | Added +23 |
| Brooklyn Investment Group 0.04% of their portfolio | 28.4k $1.3m | New |
| Creative Planning 0.00% of their portfolio | 26.6k $1.2m | Added +11.8k |
| Laurus Global Equity Management Inc. 1.15% of their portfolio | 26.6k $1.2m | Added +640 |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 26.2k $1.2m | Reduced -33.6k |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 26.0k $1.2m | Added +14.0k |
| Integrated Quantitative Investments LLC 0.21% of their portfolio | 26.0k $1.2m | New |
| JB CAPITAL PARTNERS LP 0.19% of their portfolio | 25.0k $1.1m | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 24.1k $1.1m | Added +2.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 23.6k $1.0m | Reduced -189 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 23.3k $1.2m | Reduced -2.0k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 21.0k $928.7k | Added +13.0k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 20.8k $919.0k | Reduced -10.7k |
| Evernest Financial Advisors, LLC 0.20% of their portfolio | 20.2k $941.6k | New |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 20.1k $891.0k | Reduced -9.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 20.0k $887.0k | Reduced -819 |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 19.7k $873.0k | Reduced -1.7k |
| SG Americas Securities, LLC 0.00% of their portfolio | 19.5k $862.0k | Added +13.1k |
| Squarepoint Ops LLC 0.00% of their portfolio | 18.9k $836.3k | New |
| &PARTNERS 0.00% of their portfolio | 18.2k $806.3k | Reduced -90 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 16.8k $744.0k | Reduced -495 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 16.8k $670.4k | Added +308 |
| Vancity Investment Management Ltd 0.12% of their portfolio | 16.4k $728.0k | Added +689 |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 16.0k $717.3k | Added +1.7k |
| JBF Capital, Inc. 0.10% of their portfolio | 15.4k $679.6k | Added +354 |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 15.2k $670.9k | First filing |
| PDT Partners, LLC 0.04% of their portfolio | 14.7k $651.7k | Unchanged |
| State of Alaska, Department of Revenue 0.01% of their portfolio | 14.2k $627.0k | Reduced -232 |
| MetLife Investment Management, LLC 0.00% of their portfolio | 14.1k $623.5k | Unchanged |
| Illinois Municipal Retirement Fund 0.01% of their portfolio | 14.1k $621.9k | Added +1.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 13.3k $589.9k | Added +1.7k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 13.3k $587.9k | First filing |
| Inspire Advisors, LLC 0.05% of their portfolio | 12.8k $568.4k | Added +2.7k |
| FIRST CITIZENS BANK & TRUST CO 0.01% of their portfolio | 12.2k $538.7k | Reduced -184 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 11.9k $525.9k | Added +71 |
| Envestnet Portfolio Solutions, Inc. 0.00% of their portfolio | 11.7k $516.0k | Reduced -429 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 11.5k $509.8k | New |
| Louisiana State Employees Retirement System 0.01% of their portfolio | 11.2k $495.7k | Reduced -300 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 11.2k $494.8k | Added +3.5k |