Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Exlservice Hldgs Inc (EXLS)

432 + Investors. Track Smart Money conviction in EXLS. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -22
Streak
2Q ▼
Buyers last Q
44%

Smart Money Signals — EXLS

Based on 439 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their EXLS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
439 hedge funds hold EXLS right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
18 fewer hedge funds hold EXLS compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 44% buying

217 buying276 selling
Last quarter: 276 funds reduced or exited vs 217 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-20 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 76 → 76 → 91 → 71. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

55% of holders stayed for 2+ years

■ 55% conviction (2yr+) ■ 23% medium ■ 21% new
243 out of 439 hedge funds have held EXLS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~71 new funds/quarter

78 → 76 → 76 → 91 → 71 new funds/Q
New funds entering each quarter: 76 → 76 → 91 → 71. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 61% veterans vs 27% newcomers

■ 61% veterans ■ 12% 1-2yr ■ 27% new
Entry-cohort mix of 445 holders: 271 (61%) are 2+ year veterans, 52 entered 1–2 years ago, and 122 (27%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 65% AUM from top-100 funds

65% from top-100 AUM funds
58 of 436 holders are among the 100 largest funds by AUM, controlling 65% of total institutional value in EXLS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — EXLS

In 2026 Q2, 217 hedge funds were net buyers of EXLS (71 opened a new position, 146 added to an existing one), while 276 reduced or exited (183 trimmed, 93 sold completely) — a 44% buyer ratio, indicating roughly balanced activity. Net selling has persisted for two consecutive quarters. 65% of total institutional value in EXLS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -22 funds (more exits than new entries). Total institutional holders: 439.

Hedge Fund Ownership: EXLS

How many hedge funds hold EXLS — quarterly history vs. share price
Quarterly hedge fund ownership of EXLS vs. share price

Market Analysis: EXLS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: EXLS

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Exlservice Hldgs Inc (EXLS) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much EXLS has moved relative to its sector benchmark (XLK) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 82d ago
EXLS
+35.9%
XLK
-0.5%

EXLS outperformed XLK by +36.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 37d ago
EXLS
+0.9%
XLK
-0.2%

Since the filing became public, EXLS outperformed XLK by +1.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

22 top-rated funds 0 high-conviction
Consensus
5.9
/ 10
breadth
×
Elite
1.4
/ 10
conviction
Hedge Fund Positioning: EXLS
432 + Investors

Track Smart Money conviction in EXLS. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 432 461 -6.29%
13F Shares 156M 152M 2.41%
Total Value $3.95B $4.54B -13.04%
New Positions 69 91 -22
Increased Positions 144 195 -51
Closed Positions 95 91 +4
Reduced Positions 181 136 +45
Total Calls 4 2 100.0%
Total Puts 3 1 200.0%
PUT/CALL Ratio 0.75 0.5 Neutral

Statistics: EXLS

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

432 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in EXLS. Verified SEC 13F-HR filings.

QUARTER:
Top 25 EXLS holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Kestrel Investment Management Corp 2.42% 171,900 $4.4M
2 Geneva Capital Management LLC 2.04% 3,437,491 $88.9M
3 Summit Creek Advisors LLC 1.61% 182,829 $4.7M
4 SG Capital Management LLC 1.28% 600,000 $15.5M
5 Tributary Capital Management, LLC 1.13% 530,225 $13.7M
6 SG Capital Management LLC 1.07% 500,000 $12.9M
7 Fenimore Asset Management Inc 0.92% 1,716,983 $44.4M
8 Buck Wealth Strategies, LLC 0.82% 301,726 $7.8M
9 Foyston, Gordon & Payne Inc 0.80% 142,215 $3.7M
10 Nutshell Asset Management Ltd 0.78% 90,847 $2.3M
11 Bridge City Capital, LLC 0.60% 101,542 $2.6M
12 Neumeier Poma Investment Counsel LLC 0.55% 309,798 $8.0M
13 one8zero8, LLC 0.51% 100,100 $2.6M
14 EULAV Asset Management 0.48% 584,065 $15.1M
15 Twinbeech Capital LP 0.45% 96,351 $2.5M
16 Odyssean, LLC 0.43% 103,080 $2.7M
17 Lecap Asset Management Ltd 0.43% 38,890 $1.0M
18 Intrinsic Edge Capital Management LLC 0.40% 150,000 $3.9M
19 Ramirez Asset Management, Inc. 0.36% 135,450 $3.5M
20 Occudo Quantitative Strategies LP 0.35% 252,558 $6.5M
21 Leeward Investments, LLC - MA 0.34% 289,247 $7.5M
22 nVerses Capital, LLC 0.33% 8,389 $217K
23 Renaissance Group LLC 0.33% 310,542 $8.0M
24 Caitlin John, LLC 0.24% 17,131 $443K
25 Fort Washington Investment Advisors Inc /Oh/ 0.22% 1,672,177 $43.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Exlservice Hldgs Inc (EXLS)

What does the Smart Money Trend signal show for EXLS?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their EXLS positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for EXLS?

More sellers than buyers — 44% buying: Last quarter: 276 funds reduced or exited vs 217 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for EXLS holders?

Elite ownership — 65% AUM from top-100 funds: 58 of 436 holders are among the 100 largest funds by AUM, controlling 65% of total institutional value in EXLS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held EXLS?

55% of holders stayed for 2+ years: 243 out of 439 hedge funds have held EXLS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Exlservice Hldgs Inc (EXLS) following the 2026 Q2 hedge fund 13F filings?

As of today, EXLS has moved +0.9% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.2% for the XLK sector ETF — an outperformance of +1.1%. Since the quarter end (June 30, 2026), EXLS has gained +35.9% vs -0.5% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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