Vault-13

XBP GLOBAL HOLDINGS INC

COM · CUSIP 98400V101

34 institutional holders +20 vs Q2 2025
75,025,58775.0m shares reported held*
$60.5mreported value*
22 new 10 added 1 reduced 1 sold out net bought ≈ $55.1m (+68.3m 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 ≈ $0.81.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

02040Q4 23: 5Q1 24: 10Q2 24: 10Q3 24: 11Q4 24: 12Q1 25: 14Q2 25: 14Q3 25: 3434Q4 23Q2 24Q4 24Q2 25Q3 25
Numbers
QuarterHolders
Q4 20235
Q1 202410
Q2 202410
Q3 202411
Q4 202412
Q1 202514
Q2 202514
Q3 202534

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 8 bought or addedQ1 24: 2 cut or sold outQ1 24Q2 24: 7 bought or addedQ2 24: 6 cut or sold outQ3 24: 4 bought or addedQ3 24: 2 cut or sold outQ3 24Q4 24: 3 bought or addedQ4 24: 4 cut or sold outQ1 25: 5 bought or addedQ1 25: 3 cut or sold outQ1 25Q2 25: 6 bought or addedQ2 25: 4 cut or sold outQ3 25: 32 bought or addedQ3 25: 2 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q1 202482
Q2 202476
Q3 202442
Q4 202434
Q1 202553
Q2 202564
Q3 2025322

Biggest buyers

Gates Capital Management, Inc. New +31,931,506+31.9m
LASRY MARC New +12,107,907+12.1m
HoldCo Asset Management, LP New +7,871,416+7.9m
Man Group plc New +2,251,373+2.3m
VANGUARD GROUP INC Added +1,864,748+1.9m
Allianz Asset Management GmbH New +1,687,624+1.7m
CastleKnight Management LP New +1,671,975+1.7m
BANK OF AMERICA CORP /DE/ Added +1,579,194+1.6m
BlackRock, Inc. Added +1,414,700+1.4m
GEODE CAPITAL MANAGEMENT, LLC Added +1,086,785+1.1m

Biggest sellers

Tower Research Capital LLC (TRC) Sold out -5,831-5.8k
SBI Securities Co., Ltd. Reduced -2-2

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.

HolderStakeChangeShares Last filed
Exela Technologies, Inc. 13D · may seek influence -32.6 pts · filed 2025-08-05
Stated purposeThe information set forth in Item 3 of this Schedule 13D is hereby incorporated into this Item 4 by reference. Full filing
 29.0% -32.6 pts 36.0m 2025-08-05
Gates Capital Management, Inc. 13D · may seek influence new · filed 2025-08-04
Stated purposeOn March 3, 2025, Exela Technologies BPA, LLC and certain of its subsidiaries and affiliates (collectively, the "Debtors") commenced voluntary cases under Chapter 11 of Title 11 of the United States Code ss.ss. 101-1532 (the "Chapter 11 Cases") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). On June 23, 2025, the Bankruptcy Court entered an order confirming the Debtors Amended Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code (as amended, the "Plan"). On July 3, 2025, the Issuer entered into a Transaction Support Agreement with Exela Technologies BPA, LLC, pursuant to which the Issuer agreed to support the Plan and to take actions necessary to facilitate the restructuring transactions contemplated therein. On July 29, 20… Full filing
 27.2% new 31.9m 2025-08-04
Avenue RP Opportunities Fund, L.P. 13D · may seek influence +2.5 pts · filed 2026-09-17
Stated purposeItem 4 of the Schedule 13D is hereby amended and supplemented by adding the following thereto: The Private Placement On September 11, 2026, the Issuer entered into securities purchase agreements (each, a "Purchase Agreement") with certain accredited investors (the "Purchasers"), for the sale by the Issuer in a private placement (the "Private Placement") of an aggregate of 2,275,245 shares (the "Shares") of the Issuer's Common Stock, at a weighted purchase price of approximately $2.66 per Share, for aggregate gross proceeds to the Issuer of approximately $6.05 million. Avenue RP Opportunities Fund, L.P., Avenue Global Dislocation Opportunities Fund, L.P. and Avenue Global Opportunities Master Fund LP, each a fund managed by investment advisers affiliated with Avenue Capital Group ("Avenu… Full filing
 12.8% +2.5 pts 1.8m 2026-09-17
CANTOR FITZGERALD, L. P. 13D · may seek influence +0.4 pts · filed 2026-09-22
Stated purposeItem 4 is hereby amended and supplemented with the following: The Private Placement On September 11, 2026, the Issuer entered into securities purchase agreements (each, a "Purchase Agreement") with certain accredited investors (the "Purchasers"), for the sale by the Issuer in a private placement (the "Private Placement") of an aggregate of 2,275,245 shares (the "Shares") of the Issuer's Common Stock, at a weighted purchase price of approximately $2.66 per Share, for aggregate gross proceeds to the Issuer of approximately $6.05 million. CFS participated as a Purchaser in the Private Placement, purchasing 196,078 shares of Common Stock in the aggregate. All purchases made by CFS were made at a per share price of $2.55. The closing of the Private Placement occurred on September 15, 2026. … Full filing
 7.2% +0.4 pts 1.0m 2026-09-22
HoldCo Asset Management, LP 13D · may seek influence new · filed 2025-08-05
Stated purposeOn March 3, 2025, Exela Technologies BPA, LLC ("Exela BPA") and certain of its subsidiaries and affiliates (together with Exela BPA, the "Debtors") commenced voluntary cases under Chapter 11 of Title 11 of the United States Code ss.ss. 101-1532 (the "Chapter 11 Cases") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"). The Bankruptcy Court entered an order on June 23, 2025, confirming the Debtors' Amended Joint Plan of Reorganization under Chapter 11 of the Bankruptcy Code (as amended, the "Plan"). On July 3, 2025, the Issuer entered into a Transaction Support Agreement with Exela BPA, pursuant to which the Issuer agreed, among other things, to support the Plan and take the necessary actions to facilitate the restructuring transactions conte… Full filing
 6.7% new 7.9m 2025-08-05
CFAC Holdings VIII, LLC. 13D · may seek influence filed 2025-10-06
Stated purposeItem 4 is hereby amended and supplemented with the following: Completion of Howard W. Lutnick Divestiture In accordance with the transactions detailed below, Mr. Howard W. Lutnick, the U.S. Secretary of Commerce, has completed his previously announced divestiture of his holdings in Cantor and CFGM in connection with his appointment as the U.S. Secretary of Commerce. Mr. Howard W. Lutnick no longer has any voting or dispositive power over any of the securities of the Issuer, and the Reporting Persons understand that he will file Amendment No. 4B as his final amendment to the Original Schedule 13D to reflect his zero ownership. Acquisition of CFGM Voting Shares by Trusts Controlled by Mr. Brandon G. Lutnick On May 16, 2025, Howard W. Lutnick, in his capacity as trustee of a trust, entere… Full filing
 5.5% 6.4m 2025-10-06

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Gates Capital Management, Inc. 0.80% of their portfolio New York, NY 31,931,50631.9m $25.8m $25.8m 0.80% New
2 LASRY MARC 64.89% of their portfolio NEW YORK, NY 12,107,90712.1m $9.8m $9.8m 64.89% New
3 HoldCo Asset Management, LP 0.67% of their portfolio FORT LAUDERDALE, FL 7,871,4167.9m $6.4m $6.4m 0.67% New
4 CANTOR FITZGERALD, L. P. 0.10% of their portfolio NEW YORK, NY 6,636,8536.6m $5.4m $5.4m 0.10% Added +572.4k +572,449
5 Man Group plc 0.00% of their portfolio LONDON, X0 2,251,3732.3m $1.8m $1.8m 0.00% New
6 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,895,2201.9m $1.5m $1.5m 0.00% Added +1.9m +1,864,748
7 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 1,687,6241.7m $1.4m $1.4m 0.00% New
8 CastleKnight Management LP 0.07% of their portfolio New York, NY 1,671,9751.7m $1.3m $1.3m 0.07% New
9 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,579,5031.6m $1.3m $1.3m 0.00% Added +1.6m +1,579,194
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,442,1901.4m $1.2m $1.2m 0.00% Added +1.4m +1,414,700
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,196,9521.2m $965.9k $965.9k 0.00% Added +1.1m +1,086,785
12 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 1,069,7971.1m $863.3k $863.3k 0.00% New
13 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 625,000625.0k $504.4k $504.4k 0.00% New
14 BRC Group Holdings, Inc. 0.24% of their portfolio LOS ANGELES, CA 426,252426.3k $344.0k $344.0k 0.24% New
15 NOMURA ASSET MANAGEMENT CO LTD 0.00% of their portfolio TOKYO, M0 420,587420.6k $339.4k $339.4k 0.00% New
16 Mountain Hill Investment Partners Corp. 0.28% of their portfolio ATLANTIC HIGHLANDS, NJ 394,287394.3k $318.2k $318.2k 0.28% Unchanged
17 National Philanthropic Trust 0.00% of their portfolio Jenkintown, PA 337,402337.4k $272.3k $272.3k 0.00% New
18 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 247,245247.2k $199.5k $199.5k 0.00% New
19 Alpine Global Management, LLC 0.04% of their portfolio NEW YORK, NY 240,128240.1k $193.8k $193.8k 0.04% New
20 UBS Group AG 0.00% of their portfolio ZURICH, V8 203,179203.2k $164.0k $164.0k 0.00% Added +199.9k +199,941
21 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 202,500202.5k $163.4k $163.4k 0.00% Added +175.1k +175,100
22 Brookfield Corp /ON/ 0.00% of their portfolio TORONTO, A6 196,817196.8k $158.8k $158.8k 0.00% New
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 148,982149.0k $120.2k $120.2k 0.00% New
24 Shay Capital LLC 0.01% of their portfolio NEW YORK, NY 100,000100.0k $80.7k $80.7k 0.01% Added +78.0k +78,001
25 Clear Harbor Asset Management, LLC 0.00% of their portfolio Stamford, CT 51,90651.9k $41.9k $41.9k 0.00% New
26 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 38,03038.0k $30.7k $30.7k 0.00% New
27 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 35,01335.0k $28.3k $28.3k 0.00% Added +13.1k +13,127
28 Private Advisor Group, LLC 0.00% of their portfolio MORRISTOWN, NJ 12,00012.0k $9.7k $9.7k 0.00% New
29 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2,6082.6k $2.1k $2.1k 0.00% New
30 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 944944 $762 $762 0.00% New
31 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 343343 $277 $277 0.00% Added +18 +18
32 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3636 $29 $29 0.00% New
33 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 1111 $9 $9 0.00% Reduced -2 -2
34 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 11 $0 $0 0.00% New