Xencor Inc (XNCR): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Xencor Inc (XNCR) following the 2026 Q1 hedge fund 13F filings?

As of today, XNCR has moved +7.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.3% for the XLV sector ETF — an outperformance of +2.0%. Since the quarter end (March 31, 2026), XNCR gained -0.2% vs +4.2% for XLV. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Xencor Inc (XNCR)

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

Smart Money Signals — XNCR

Based on 201 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their XNCR 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 (97% of max)

97% of all-time peak

201 hedge funds hold XNCR 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.

〰️

Stable — ownership unchanged year-over-year

fund count last 6Q

The number of hedge funds holding XNCR is almost the same as a year ago (+4 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.

🟡

Slight buying edge — 51% buying

96 buying92 selling

Last quarter: 96 funds bought or added vs 92 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

⚠️

Fewer new buyers each quarter (-9 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 26 → 35 → 35 → 26. 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.

🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 18% medium ■ 17% new

130 out of 201 hedge funds have held XNCR 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.

💎

Buying through price weakness — shares +3%, value -19%

Value

-18%

+3%

Last quarter: funds added +3% more shares while total portfolio value only changed -19%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

➡️

Steady discovery — ~26 new funds/quarter

35 → 26 → 35 → 35 → 26 new funds/Q

New funds entering each quarter: 26 → 35 → 35 → 26. Consistent flow of new institutional buyers without clear acceleration or slowdown.

🏛️

Veteran-anchored — 71% veterans vs 19% newcomers

■ 71% veterans ■ 10% 1-2yr ■ 19% new

Entry-cohort mix of 201 holders: 142 (71%) are 2+ year veterans, 20 entered 1–2 years ago, and 39 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds

43 of 201 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

3.3

out of 10

Low Exit Risk

Exit risk score 3.3/10 — 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.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	200	203	-1.48%
13F Shares	85M	82M	3.5%
Total Value	$996M	$1.23B	-18.88%
New Positions	25	35	-10
Increased Positions	69	60	+9
Closed Positions	28	35	-7
Reduced Positions	64	75	-11
Total Calls	0	1	-100.0%
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

200

203

-1.48%

13F Shares

85M

82M

3.5%

Total Value

$996M

$1.23B

-18.88%

New Positions

-10

Increased Positions

Closed Positions

-7

Reduced Positions

-11

Total Calls

-100.0%

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

200 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 XNCR holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Bvf Inc/Il	2.74%	7,133,720	$86.0M
2	Velan Capital Investment Management LP	1.89%	250,000	$3.0M
3	Johnson & Johnson	1.38%	748,062	$9.0M
4	EcoR1 Capital, LLC	1.12%	2,183,000	$26.3M
5	Lynx1 Capital Management LP	1.02%	536,398	$6.5M
6	TCG Crossover Management, LLC	0.85%	2,452,138	$29.6M
7	Rtw Investments, LP	0.81%	6,777,461	$81.7M
8	Ra Capital Management, L.P.	0.63%	4,897,237	$59.1M
9	DCF Advisers, LLC	0.33%	103,736	$1.3M
10	Seven Fleet Capital Management LP	0.31%	80,000	$965K
11	Essex LLC	0.21%	98,661	$1.2M
12	HighVista Strategies LLC	0.18%	53,045	$640K
13	Nantahala Capital Management, LLC	0.12%	264,639	$3.2M
14	Primecap Management Co/Ca/	0.10%	10,338,022	$124.7M
15	EntryPoint Capital, LLC	0.09%	25,292	$305K
16	Baker BROS. Advisors LP	0.08%	1,102,106	$13.3M
17	ADAR1 Capital Management, LLC	0.07%	93,665	$1.1M
18	Jefferies Financial Group Inc.	0.06%	720,440	$8.7M
19	Virtus Investment Advisers, LLC	0.05%	16,506	$199K
20	Palumbo Wealth Management LLC	0.05%	17,806	$215K
21	Linden Thomas Advisory Services, LLC	0.05%	42,084	$508K
22	Erste Asset Management GmbH	0.05%	430,200	$4.9M
23	WINTON GROUP Ltd	0.04%	104,713	$1.3M
24	Inspire Investing, LLC	0.04%	42,529	$513K
25	Campbell & CO Investment Adviser LLC	0.03%	43,526	$525K

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 — Xencor Inc (XNCR)

What does the Smart Money Trend signal show for XNCR?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their XNCR 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 XNCR?

Slight buying edge — 51% buying: Last quarter: 96 funds bought or added vs 92 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for XNCR holders?

Strong quality — 34% AUM from major funds: 43 of 201 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held XNCR?

65% of holders stayed for 2+ years: 130 out of 201 hedge funds have held XNCR 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 Xencor Inc (XNCR) following the 2026 Q1 hedge fund 13F filings?

As of today, XNCR has moved +7.3% since the 2026 Q1 13F filing date (May 15, 2026), compared to +5.3% for the XLV sector ETF — an outperformance of +2.0%. Since the quarter end (March 31, 2026), XNCR has gained -0.2% vs +4.2% for XLV. 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.

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Xencor Inc (XNCR)

Smart Money Signals — XNCR

Selling streak — 1 quarter in a row

At the ownership peak (97% of max)

Stable — ownership unchanged year-over-year

Slight buying edge — 51% buying

Fewer new buyers each quarter (-9 vs last Q)

65% of holders stayed for 2+ years

Buying through price weakness — shares +3%, value -19%

Steady discovery — ~26 new funds/quarter

Veteran-anchored — 71% veterans vs 19% newcomers

Strong quality — 34% AUM from major funds

Institutional Sentiment Summary — XNCR

Hedge Fund Ownership: XNCR

Market Analysis: XNCR

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: XNCR

Is It Too Late to Buy Xencor Inc (XNCR) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: XNCR

Statistics: XNCR

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Xencor Inc (XNCR)

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