Ranked by reported Q2 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. | 18.9M | $488.4M | -1.2% | 12.456% | 0.01% |
| 2 | FMR LLC | 13.9M | $359.1M | +3.6% | 9.158% | 0.02% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 6.6M | $171.9M | -1.4% | 4.383% | 0.00% |
| 4 | AQR CAPITAL MANAGEMENT LLC | 6.8M | $171.5M | -31.0% | 4.493% | 0.06% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 6.5M | $167.6M | -0.4% | 4.275% | 0.01% |
| 6 | STATE STREET CORP | 4.9M | $125.9M | +1.6% | 3.212% | 0.00% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 4.1M | $105.3M | -3.5% | 2.686% | 0.01% |
| 8 | TWO SIGMA INVESTMENTS, LP | 4.0M | $104.0M | +8.4% | 2.652% | 0.08% |
| 9 | GENEVA CAPITAL MANAGEMENT LLC | 3.4M | $88.9M | -19.3% | 2.267% | 2.04% |
| 10 | CITADEL ADVISORS LLC | 3.3M | $84.7M | +137.3% | 2.161% | 0.00% |
| 11 | D. E. Shaw & Co., Inc. | 3.3M | $84.2M | -5.4% | 2.147% | 0.04% |
| 12 | DIMENSIONAL FUND ADVISORS LP | 2.9M | $75.4M | +2.1% | 1.922% | 0.01% |
| 13 | NORGES BANK | 2.8M | $73.3M | — | 1.870% | 0.01% |
| 14 | MORGAN STANLEY | 2.6M | $67.5M | +4.5% | 1.721% | 0.00% |
| 15 | JPMORGAN CHASE & CO | 2.3M | $58.9M | -40.1% | 1.514% | 0.00% |
| 16 | FULLER & THALER ASSET MANAGEMENT, INC. | 2.2M | $58.0M | +3.9% | 1.479% | 0.16% |
| 17 | UBS Group AG | 2.1M | $55.3M | +116.1% | 1.410% | 0.01% |
| 18 | MILLENNIUM MANAGEMENT LLC | 2.0M | $52.8M | -7.1% | 1.345% | 0.02% |
| 19 | Qube Research & Technologies Ltd | 1.9M | $50.3M | +137.4% | 1.282% | 0.05% |
| 20 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.9M | $50.2M | -2.1% | 1.280% | 0.01% |
| 21 | Invesco Ltd. | 1.9M | $48.8M | +203.2% | 1.244% | 0.00% |
| 22 | BANK OF AMERICA CORP /DE/ | 1.9M | $48.2M | +23.7% | 1.229% | 0.00% |
| 23 | GOLDMAN SACHS GROUP INC | 1.8M | $46.5M | +120.7% | 1.185% | 0.00% |
| 24 | FENIMORE ASSET MANAGEMENT INC | 1.7M | $44.4M | -37.7% | 1.133% | 0.92% |
| 25 | FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | 1.7M | $43.2M | +78.0% | 1.103% | 0.22% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in EXLS — a direct measure of their conviction.
Filings activity in EXLS during Q2 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 448 | 2.8% | 103.30% | +2.47 pp | $3.95B | 13% |
| Q1 2026 | 461 | +0.7% | 100.83% | 0.88 pp | $4.52B | 27% |
| Q4 2025 | 458 | +1.6% | 101.71% | 0.71 pp | $6.20B | 3.4% |
| Q3 2025 | 451 | 0.7% | 102.42% | 0.20 pp | $6.42B | +0.9% |
| Q2 2025 | 454 | +2.7% | 102.62% | +0.61 pp | $6.36B | 6.1% |
| Q1 2025 | 442 | +8.3% | 102.01% | 1.43 pp | $6.78B | +6.1% |
| Q4 2024 | 408 | +15% | 103.44% | +2.52 pp | $6.39B | +18% |
| Q3 2024 | 354 | — | 100.92% | — | $5.39B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying EXLS stock.
Based on Q2 2026 13F filings, institutional ownership of ExlService Holdings, Inc. stands at 103.3%, held across 448 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of EXLS, with approximately 18,885,133 shares worth $0.49B as of Q2 2026.
Yes — 3 widely-followed marquee investors appear among the top 25 institutional holders of EXLS, including TWO SIGMA INVESTMENTS, LP, CITADEL ADVISORS LLC, MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for EXLS is 65 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
58 institutions opened new positions in EXLS during Q2 2026, while 78 fully exited. 96 added to existing positions and 275 trimmed.
EXLS institutional ownership rose by 2.47 percentage points quarter-over-quarter, with a net change of -13 holders.
The top 10 institutions account for 47.2% of all reported 13F value in EXLS, and the top 25 account for 68.9%.
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