Vault-13

XAI OCTAGN FLT RAT & ALT INM

COM · CUSIP 98400T106

75 institutional holders -8 vs Q1 2025
7,229,3637.2m shares reported held*
$40.9mreported value*
11 new 28 added 18 reduced 16 sold out net sold ≈ $2.8m (-498.7k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $5.66.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 45Q4 22: 46Q1 23: 46Q2 23: 51Q3 23: 55Q4 23: 58Q1 24: 62Q2 24: 62Q3 24: 61Q4 24: 81Q1 25: 83Q2 25: 7575Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202245
Q4 202246
Q1 202346
Q2 202351
Q3 202355
Q4 202358
Q1 202462
Q2 202462
Q3 202461
Q4 202481
Q1 202583
Q2 202575

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q3 23: 31 bought or addedQ3 23: 11 cut or sold outQ4 23: 29 bought or addedQ4 23: 19 cut or sold outQ4 23Q1 24: 32 bought or addedQ1 24: 22 cut or sold outQ2 24: 35 bought or addedQ2 24: 22 cut or sold outQ2 24Q3 24: 33 bought or addedQ3 24: 21 cut or sold outQ4 24: 53 bought or addedQ4 24: 21 cut or sold outQ4 24Q1 25: 50 bought or addedQ1 25: 30 cut or sold outQ2 25: 39 bought or addedQ2 25: 34 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233111
Q4 20232919
Q1 20243222
Q2 20243522
Q3 20243321
Q4 20245321
Q1 20255030
Q2 20253934

Biggest buyers

SIT INVESTMENT ASSOCIATES INC New +561,306+561.3k
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Added +327,401+327.4k
Cresset Asset Management, LLC Added +270,981+271.0k
GUGGENHEIM CAPITAL LLC Added +236,698+236.7k
Balyasny Asset Management L.P. New +212,587+212.6k
Shaker Financial Services, LLC New +194,429+194.4k
ROYAL BANK OF CANADA Added +87,591+87.6k
INDEPENDENT FINANCIAL GROUP, LLC New +83,995+84.0k
Invesco Ltd. Added +46,824+46.8k
Belpointe Asset Management LLC Added +36,989+37.0k

Biggest sellers

Thomas J. Herzfeld Advisors, Inc. Sold out -1,258,025-1.3m
ENVESTNET ASSET MANAGEMENT INC Sold out -717,984-718.0k
CHOREO, LLC Sold out -185,014-185.0k
BARD ASSOCIATES INC Sold out -149,247-149.2k
Cambridge Investment Research Advisors, Inc. Reduced -91,514-91.5k
Mariner, LLC Reduced -50,770-50.8k
J.W. COLE ADVISORS, INC. Reduced -40,238-40.2k
UBS Group AG Reduced -36,700-36.7k
CITADEL ADVISORS LLC Sold out -34,098-34.1k
Sigma Planning Corp Sold out -27,018-27.0k

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.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: SIT INVESTMENT ASSOCIATES INC (4.2%, 2026-05-05)

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Cresset Asset Management, LLC 0.02% of their portfolio Chicago, IL 587,582587.6k $3.4m $3.4m 0.02% Added +271.0k +270,981
2 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.25% of their portfolio Englewood, NJ 564,259564.3k $3.2m $3.2m 0.25% Added +327.4k +327,401
3 SIT INVESTMENT ASSOCIATES INC 0.07% of their portfolio Minneapolis, MN 561,306561.3k $3.2m $3.2m 0.07% New
4 Belpointe Asset Management LLC 0.11% of their portfolio RENO, NV 485,051485.1k $2.7m $2.7m 0.11% Added +37.0k +36,989
5 J.W. COLE ADVISORS, INC. 0.05% of their portfolio TAMPA, FL 457,224457.2k $2.6m $2.6m 0.05% Reduced -40.2k -40,238
6 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 382,808382.8k $2.2m $2.2m 0.00% Added +25.7k +25,705
7 Consolidated Portfolio Review Corp 0.22% of their portfolio WOODBURY, NY 283,048283.0k $1.6m $1.6m 0.22% Reduced -8.4k -8,416
8 GUGGENHEIM CAPITAL LLC 0.01% of their portfolio CHICAGO, IL 252,119252.1k $1.4m $1.4m 0.01% Added +236.7k +236,698
9 Lido Advisors, LLC 0.01% of their portfolio Los Angeles, CA 247,782247.8k $1.4m $1.4m 0.01% Unchanged
10 Virtus Investment Advisers, LLC 0.43% of their portfolio HARTFORD, CT 224,346224.3k $1.3m $1.3m 0.43% Reduced -22.6k -22,610
11 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 212,587212.6k $1.2m $1.2m 0.00% New
12 Shaker Financial Services, LLC 0.40% of their portfolio Arlington, VA 194,429194.4k $1.1m $1.1m 0.40% New
13 Kestra Advisory Services, LLC 0.01% of their portfolio AUSTIN, TX 193,575193.6k $1.1m $1.1m 0.01% Added +20.3k +20,274
14 UBS Group AG 0.00% of their portfolio ZURICH, V8 182,480182.5k $1.0m $1.0m 0.00% Reduced -36.7k -36,700
15 Chicago Partners Investment Group LLC 0.03% of their portfolio CHICAGO, IL 164,544164.5k $906.6k $906.6k 0.03% Reduced -25.5k -25,526
16 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 161,492161.5k $912.4k $912.4k 0.00% Added +46.8k +46,824
17 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 135,422135.4k $766.0k $766.0k 0.00% Added +87.6k +87,591
18 Baird Financial Group, Inc. 0.00% of their portfolio MILWAUKEE, WI 124,087124.1k $701.1k $701.1k 0.00% Added +823 +823
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 123,707123.7k $698.9k $698.9k 0.00% Reduced -11.8k -11,787
20 Mariner, LLC 0.00% of their portfolio Overland Park, KS 110,479110.5k $624.2k $624.2k 0.00% Reduced -50.8k -50,770
21 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 107,429107.4k $607.0k $607.0k 0.00% Added +3.6k +3,570
22 Samalin Investment Counsel, LLC 0.23% of their portfolio CHAPPAQUA, NY 106,098106.1k $599.5k $599.5k 0.23% Added +9.5k +9,522
23 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 104,562104.6k $591.0k $591.0k 0.00% Reduced -91.5k -91,514
24 Triumph Capital Management 0.17% of their portfolio DENVER, CO 102,493102.5k $579.1k $579.1k 0.17% Added +14.3k +14,291
25 INDEPENDENT FINANCIAL GROUP, LLC 0.01% of their portfolio SAN DIEGO, CA 83,99584.0k $474.6k $474.6k 0.01% New
26 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 76,13276.1k $430.1k $430.1k 0.00% Added +31.8k +31,760
27 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 71,61171.6k $404.6k $404.6k 0.00% Added +13.5k +13,508
28 ALEXANDER LABRUNERIE & CO., INC. 0.14% of their portfolio COLUMBIA, MO 60,00060.0k $339.0k $339.0k 0.14% Unchanged
29 Brookwood Investment Group LLC 0.05% of their portfolio PHOENIX, AZ 54,75654.8k $309.4k $309.4k 0.05% Added +17.9k +17,895
30 GREAT VALLEY ADVISOR GROUP, INC. 0.01% of their portfolio WILMINGTON, DE 51,30951.3k $289.9k $289.9k 0.01% Reduced -2.1k -2,108
31 WEDBUSH SECURITIES INC 0.01% of their portfolio PASADENA, CA 49,31449.3k $279.0k $279.0k 0.01% Reduced -1.6k -1,646
32 Apollon Wealth Management, LLC 0.01% of their portfolio MOUNT PLEASANT, SC 46,31246.3k $261.7k $261.7k 0.01% Added +21.2k +21,205
33 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 46,11446.1k $261.0k $261.0k 0.00% Reduced -3.9k -3,930
34 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 42,93342.9k $242.6k $242.6k 0.00% Unchanged
35 IFG Advisory, LLC 0.01% of their portfolio ATLANTA, GA 39,45639.5k $222.9k $222.9k 0.01% Unchanged
36 CFO4Life Group, LLC 0.03% of their portfolio COPPELL, TX 38,80038.8k $219.2k $219.2k 0.03% Unchanged
37 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 35,31835.3k $199.5k $199.5k 0.00% Reduced -4.5k -4,472
38 Walkner Condon Financial Advisors LLC 0.04% of their portfolio MADISON, WI 34,47134.5k $194.8k $194.8k 0.04% Added +1.3k +1,338
39 KESTRA PRIVATE WEALTH SERVICES, LLC 0.00% of their portfolio AUSTIN, TX 33,33933.3k $188.4k $188.4k 0.00% Added +10.4k +10,389
40 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 29,66429.7k $167.6k $167.6k 0.00% Reduced -6.7k -6,722
41 SUMMITRY LLC 0.01% of their portfolio Foster City, CA 25,00025.0k $141.2k $141.2k 0.01% Unchanged
42 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 24,98225.0k $139.4k $139.4k 0.00% New
43 AlphaCore Capital LLC 0.01% of their portfolio LA JOLLA, CA 24,62124.6k $140.8k $140.8k 0.01% Added +956 +956
44 Compound Planning, Inc. 0.01% of their portfolio NEW YORK, NY 24,34024.3k $137.5k $137.5k 0.01% Reduced -866 -866
45 Catalina Capital Group, LLC 0.09% of their portfolio Torrance, CA 23,62823.6k $133.5k $133.5k 0.09% Added +8.0k +7,969
46 CoreCap Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 21,70621.7k $122.6k $122.6k 0.00% Added +388 +388
47 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 21,51521.5k $121.6k $121.6k 0.01% Added +143 +143
48 Beacon Financial Advisory LLC 0.03% of their portfolio CLEVELAND, OH 17,79317.8k $100.5k $100.5k 0.03% Added +445 +445
49 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 17,58217.6k $99.3k $99.3k 0.00% New
50 Merit Financial Group, LLC 0.00% of their portfolio ALPHARETTA, GA 15,92015.9k $89.9k $89.9k 0.00% New
51 FIRETHORN WEALTH PARTNERS, LLC 0.04% of their portfolio AUGUSTA, GA 15,77815.8k $89.1k $89.1k 0.04% Added +612 +612
52 EVOKE WEALTH, LLC 0.00% of their portfolio Los Angeles, CA 15,08915.1k $86.3k $86.3k 0.00% Unchanged
53 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 12,45612.5k $70.4k $70.4k 0.00% New
54 One Capital Management, LLC 0.00% of their portfolio WESTLAKE VILLAGE, CA 12,36012.4k $69.8k $69.8k 0.00% Added +1.3k +1,275
55 Freestate Advisors LLC 0.06% of their portfolio OVERLAND PARK, KS 12,28312.3k $69.4k $69.4k 0.06% Added +477 +477
56 Advyzon Investment Management, LLC 0.01% of their portfolio LISLE, IL 11,61511.6k $65.6k $65.6k 0.01% Added +450 +450
57 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 10,53710.5k $59.5k $59.5k 0.00% Reduced -6.3k -6,257
58 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 10,50010.5k $59.3k $59.3k 0.00% Unchanged
59 Naviter Wealth, LLC 0.01% of their portfolio LITTLE ROCK, AR 10,00010.0k $57.2k $57.2k 0.01% Unchanged
60 Plante Moran Financial Advisors, LLC 0.00% of their portfolio SOUTHFIELD, MI 8,5088.5k $48.1k $48.1k 0.00% Unchanged
61 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,9666.0k $33.7k $33.7k 0.00% New
62 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 5,2965.3k $29.9k $29.9k 0.00% Added +5.0k +5,000
63 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 5,0005.0k $28.2k $28.2k 0.00% Reduced -10.1k -10,128
64 Red Tortoise LLC 0.01% of their portfolio ATLANTA, GA 3,7403.7k $21.1k $21.1k 0.01% New
65 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 2,5002.5k $14.1k $14.1k 0.00% New
66 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,0002.0k $11.3k $11.3k 0.00% Unchanged
67 Garde Capital, Inc. 0.00% of their portfolio SEATTLE, WA 1,7851.8k $10.1k $10.1k 0.00% Unchanged
68 SWAN Capital LLC 0.00% of their portfolio PENSACOLA, FL 1,2301.2k $7.0k $7.0k 0.00% Unchanged
69 THURSTON, SPRINGER, MILLER, HERD & TITAK, INC. 0.00% of their portfolio INDIANAPOLIS, IN 1,1001.1k $6.2k $6.2k 0.00% Unchanged
70 Byrne Asset Management LLC 0.00% of their portfolio KINGSTON, NJ 1,0001.0k $5.7k $5.7k 0.00% Unchanged
71 ST GERMAIN D J CO INC 0.00% of their portfolio SPRINGFIELD, MA 900900 $5.1k $5.1k 0.00% Unchanged
72 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 200200 $1.0k $1.0k 0.00% Unchanged
73 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $6 $6 0.00% Reduced -3.7k -3,742
74 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 00 $0 $0 0.00% Reduced -18.4k -18,356
75 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged