Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in EXLS held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 19.1M | $582.2M | -1.3% | 12.225% | 0.01% |
| 2 | FMR LLC | 13.4M | $408.2M | -6.5% | 8.572% | 0.02% |
| 3 | AQR CAPITAL MANAGEMENT LLC | 9.9M | $300.7M | +139.8% | 6.315% | 0.14% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 6.7M | $205.2M | β | 4.308% | 0.01% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 6.5M | $198.1M | β | 4.159% | 0.01% |
| 6 | STATE STREET CORP | 4.8M | $145.9M | +1.4% | 3.063% | 0.01% |
| 7 | GENEVA CAPITAL MANAGEMENT LLC | 4.3M | $129.6M | -7.5% | 2.722% | 2.75% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 4.2M | $128.5M | +4.3% | 2.697% | 0.01% |
| 9 | TWO SIGMA INVESTMENTS, LP | 3.7M | $113.0M | +142.7% | 2.372% | 0.09% |
| 10 | D. E. Shaw & Co., Inc. | 3.4M | $104.8M | +83.0% | 2.201% | 0.10% |
| 11 | DIMENSIONAL FUND ADVISORS LP | 2.9M | $86.9M | -1.7% | 1.824% | 0.02% |
| 12 | FENIMORE ASSET MANAGEMENT INC | 2.8M | $84.0M | -0.5% | 1.764% | 1.87% |
| 13 | MACKENZIE FINANCIAL CORP | 2.5M | $76.9M | +6.4% | 1.615% | 0.09% |
| 14 | MORGAN STANLEY | 2.5M | $76.0M | +59.1% | 1.597% | 0.00% |
| 15 | MILLENNIUM MANAGEMENT LLC | 2.2M | $66.8M | +62.5% | 1.404% | 0.04% |
| 16 | FULLER & THALER ASSET MANAGEMENT, INC. | 2.2M | $65.7M | -0.2% | 1.380% | 0.22% |
| 17 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 2.0M | $60.4M | +11.3% | 1.268% | 0.01% |
| 18 | NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 1.9M | $57.7M | -19.7% | 1.211% | 0.10% |
| 19 | SCHRODER INVESTMENT MANAGEMENT GROUP | 1.8M | $55.0M | +59.9% | 1.151% | 0.05% |
| 20 | NORTHERN TRUST CORP | 1.6M | $48.7M | +0.8% | 1.022% | 0.01% |
| 21 | BANK OF AMERICA CORP /DE/ | 1.5M | $45.9M | +122.2% | 0.963% | 0.00% |
| 22 | CITADEL ADVISORS LLC | 1.4M | $42.0M | +538.5% | 0.883% | 0.02% |
| 23 | Nuveen, LLC | 1.2M | $37.7M | -15.6% | 0.792% | 0.01% |
| 24 | TUDOR INVESTMENT CORP ET AL | 1.2M | $35.9M | +21.7% | 0.754% | 0.13% |
| 25 | Alyeska Investment Group, L.P. | 1.1M | $34.7M | β | 0.729% | 0.10% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in EXLS β a direct measure of their conviction.
Filings activity in EXLS during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new EXLS position in Q1 2026
Institutions that fully closed their EXLS position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 452 | 1.1% | 96.47% | 40.95 pp | $4.35B | 30% |
| Q4 2025 | 457 | +1.3% | 137.42% | 4.82 pp | $6.20B | 3.4% |
| Q3 2025 | 451 | 0.7% | 142.24% | +1.20 pp | $6.42B | +0.9% |
| Q2 2025 | 454 | +2.7% | 141.04% | 9.22 pp | $6.36B | 6.1% |
| Q1 2025 | 442 | +8.3% | 150.26% | +8.60 pp | $6.78B | +6.1% |
| Q4 2024 | 408 | +15% | 141.66% | +22.06 pp | $6.39B | +18% |
| Q3 2024 | 354 | +3.5% | 119.60% | +18.80 pp | $5.39B | +19% |
| Q2 2024 | 342 | β | 100.80% | β | $4.55B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying EXLS stock.
Based on Q1 2026 13F filings, institutional ownership of ExlService Holdings, Inc. stands at 96.5%, held across 452 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of EXLS, with approximately 19,118,608 shares worth $0.58B as of Q1 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of EXLS, including TWO SIGMA INVESTMENTS, LP, MILLENNIUM MANAGEMENT LLC, CITADEL ADVISORS LLC.
Our composite Smart Money Score for EXLS is 47 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
91 institutions opened new positions in EXLS during Q1 2026, while 96 fully exited. 102 added to existing positions and 257 trimmed.
EXLS institutional ownership fell by 40.95 percentage points quarter-over-quarter, with a net change of -5 holders.
The top 10 institutions account for 53.2% of all reported 13F value in EXLS, and the top 25 account for 73.3%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
ExlService Holdings, Inc. (EXLS) Institutional Ownership