Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Xunlei Ltd (XNET)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +5
Streak
1Q ▲
Buyers last Q
55%

Smart Money Signals — XNET

Based on 52 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added XNET than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
52 hedge funds hold XNET 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.
🚀

Fast accumulation — +41% more funds vs a year ago

fund count last 6Q
+15 new funds entered over the past year (+41% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 55% buying

36 buying29 selling
Last quarter: 36 funds bought or added vs 29 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.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new XNET position: 21 → 15 → 11 → 18. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

42% of holders stayed for 2+ years

■ 42% conviction (2yr+) ■ 23% medium ■ 35% new
22 out of 52 hedge funds have held XNET 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.
📊

Peak discovery — momentum slowing

14 → 21 → 15 → 11 → 18 new funds/Q
New funds entering each quarter: 21 → 15 → 11 → 18. XNET is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 66% veterans vs 31% newcomers

■ 66% veterans ■ 3% 1-2yr ■ 31% new
Entry-cohort mix of 58 holders: 38 (66%) are 2+ year veterans, 2 entered 1–2 years ago, and 18 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 70% AUM from top-100 funds

70% from top-100 AUM funds
18 of 52 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in XNET. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
4.2
out of 10
Moderate Exit Risk
Exit risk score 4.2/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 — XNET

In 2026 Q2, 36 hedge funds were net buyers of XNET (18 opened a new position, 18 added to an existing one), while 29 reduced or exited (16 trimmed, 13 sold completely) — a 55% buyer ratio, indicating a slight buying edge. 70% of total institutional value in XNET is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +5 funds (more new holders than closures). Total institutional holders: 52.

Hedge Fund Ownership: XNET

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

Market Analysis: XNET

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: XNET

-- --

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

Is It Too Late to Buy Xunlei Ltd (XNET) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much XNET 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 · 51d ago
XNET
-11.3%
XLK
-3.0%

XNET outperformed XLK by -8.3% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 6d ago
XNET
-5.5%
XLK
-2.7%

Since the filing became public, XNET outperformed XLK by -2.8% .

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.

2 top-rated funds 0 high-conviction
Consensus
2.1
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: XNET
52 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 52 47 10.64%
13F Shares 7M 8M -6.37%
Total Value $40M $42M -4.15%
New Positions 18 11 +7
Increased Positions 18 10 +8
Closed Positions 13 12 +1
Reduced Positions 13 19 -6
Total Calls 3 3 -
Total Puts 3 3 -
PUT/CALL Ratio 1.0 1.0 Neutral

Statistics: XNET

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

52 + investors

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

QUARTER:
Top 25 XNET holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Diametric Capital, LP 0.09% 149,811 $838K
2 Ramsey Quantitative Systems 0.02% 4,300 $24K
3 Headlands Technologies LLC 0.02% 25,937 $145K
4 Connor, Clark & Lunn Investment Management Ltd. 0.01% 808,639 $4.5M
5 Persistent Asset Partners Ltd 0.01% 5,108 $29K
6 Two Sigma Securities, LLC 0.01% 11,880 $66K
7 Mangrove Partners IM, LLC 0.01% 14,501 $81K
8 Prelude Capital Management, LLC 0.00% 11,099 $62K
9 Susquehanna Fundamental Investments, LLC 0.00% 41,810 $234K
10 Schonfeld Strategic Advisors LLC 0.00% 160,326 $897K
11 Trexquant Investment LP 0.00% 80,011 $448K
12 XTX Topco Ltd 0.00% 19,215 $108K
13 Hrt Financial LP 0.00% 125,783 $703K
14 Tower Research Capital LLC (TRC) 0.00% 6,415 $36K
15 Arrowstreet Capital, Limited Partnership 0.00% 343,017 $1.9M
16 Goldman Sachs Group Inc 0.00% 1,721,692 $9.6M
17 Public Employees Retirement System of Ohio 0.00% 44,783 $251K
18 Morgan Stanley 0.00% 1,761,163 $9.9M
19 Renaissance Technologies LLC 0.00% 53,077 $297K
20 Group One Trading LLC 0.00% 29,918 $167K
21 Jane Street Group, LLC 0.00% 366,279 $2.0M
22 Allianz Asset Management GmbH 0.00% 25,425 $141K
23 UBS Group AG 0.00% 173,582 $971K
24 Citadel Advisors LLC 0.00% 132,900 $744K
25 Creative Planning 0.00% 22,540 $126K
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 — Xunlei Ltd (XNET)

What does the Smart Money Trend signal show for XNET?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added XNET than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for XNET?

Slight buying edge — 55% buying: Last quarter: 36 funds bought or added vs 29 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 XNET holders?

Elite ownership — 70% AUM from top-100 funds: 18 of 52 holders are among the 100 largest funds by AUM, controlling 70% of total institutional value in XNET. 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 XNET?

42% of holders stayed for 2+ years: 22 out of 52 hedge funds have held XNET 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 Xunlei Ltd (XNET) following the 2026 Q2 hedge fund 13F filings?

As of today, XNET has moved -5.5% since the 2026 Q2 13F filing date (August 14, 2026), compared to -2.7% for the XLK sector ETF — an outperformance of -2.8%. Since the quarter end (June 30, 2026), XNET has gained -11.3% vs -3.0% 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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