XN LP Diversified Active

CIK: 0001756558 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $3,568,318 (100.0% shares, 0.0% debt)

Holdings (26)

New Positions (5)

CBRE CBRE GROUP INC 4.1%

Value ($000) $147,134 Shares 915,067 Est. Cost $157.23 Unrealized 0.0%

MDLN MEDLINE INC 1.8%

Value ($000) $63,084 Shares 1,502,000 Est. Cost $42.23 Unrealized 0.0%

CNM CORE & MAIN INC 1.0%

Value ($000) $36,285 Shares 698,200 Est. Cost $51.29 Unrealized 0.0%

SOLS SOLSTICE ADVANCED MATLS INC 1.0%

Value ($000) $34,573 Shares 711,674 Est. Cost $47.08 Unrealized 0.0%

MSFT MICROSOFT CORP 0.8%

Value ($000) $27,416 Shares 56,689 Est. Cost $500.58 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CBRE	CBRE GROUP INC	915,067	$147,134	4.1%	$157.23	0.0%	CL A	12504L109
MDLN	MEDLINE INC	1,502,000	$63,084	1.8%	$42.23	0.0%	COM CL A	58507V107
CNM	CORE & MAIN INC	698,200	$36,285	1.0%	$51.29	0.0%	CL A	21874C102
SOLS	SOLSTICE ADVANCED MATLS INC	711,674	$34,573	1.0%	$47.08	0.0%	COM SHS	83443Q103
MSFT	MICROSOFT CORP	56,689	$27,416	0.8%	$500.58	0.0%	COM	594918104

Increased Positions (7)

TOST TOAST INC 8.9%

Value ($000) $319,178 (+46.7%) Shares 8,988,386 (+50.8%) Est. Cost $27.36 Unrealized +31.8%

TKO TKO GROUP HOLDINGS INC 16.8%

Value ($000) $599,191 (+10.0%) Shares 2,866,943 (+6.3%) Est. Cost $100.04 Unrealized +93.7%

SPOT SPOTIFY TECHNOLOGY S A 5.0%

Value ($000) $176,885 (+14.6%) Shares 304,602 (+37.8%) Est. Cost $623.90 Unrealized +0.2%

JCI JOHNSON CTLS INTL PLC 1.5%

Value ($000) $53,461 (+69.5%) Shares 446,441 (+55.6%) Est. Cost $92.15 Unrealized +24.6%

CRM SALESFORCE INC 3.0%

Value ($000) $106,820 (+14.6%) Shares 403,232 (+2.5%) Est. Cost $202.52 Unrealized +22.5%

NVDA NVIDIA CORPORATION 3.1%

Value ($000) $110,995 (+6.2%) Shares 595,149 (+6.2%) Est. Cost $114.30 Unrealized +62.8%

SHW SHERWIN WILLIAMS CO 6.0%

Value ($000) $213,772 (-2.0%) Shares 659,729 (+4.7%) Est. Cost $333.56 Unrealized +0.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TOST	TOAST INC	8,988,386 (+50.8%)	$319,178 (+46.7%)	8.9%	$27.36	+31.8%	CL A	888787108
TKO	TKO GROUP HOLDINGS INC	2,866,943 (+6.3%)	$599,191 (+10.0%)	16.8%	$100.04	+93.7%	CL A	87256C101
SPOT	SPOTIFY TECHNOLOGY S A	304,602 (+37.8%)	$176,885 (+14.6%)	5.0%	$623.90	+0.2%	SHS	L8681T102
JCI	JOHNSON CTLS INTL PLC	446,441 (+55.6%)	$53,461 (+69.5%)	1.5%	$92.15	+24.6%	SHS	G51502105
CRM	SALESFORCE INC	403,232 (+2.5%)	$106,820 (+14.6%)	3.0%	$202.52	+22.5%	COM	79466L302
NVDA	NVIDIA CORPORATION	595,149 (+6.2%)	$110,995 (+6.2%)	3.1%	$114.30	+62.8%	COM	67066G104
SHW	SHERWIN WILLIAMS CO	659,729 (+4.7%)	$213,772 (-2.0%)	6.0%	$333.56	+0.2%	COM	824348106

Exited Positions (1)

MNDY MONDAY COM LTD 1.1%

Value ($000) $38,411 Shares 198,314 Est. Cost $271.47 Unrealized -38.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MNDY	MONDAY COM LTD	198,314	$38,411	1.1%	$271.47	-38.0%	—	M7S64H106

Decreased Positions (8)

FIG FIGMA INC 0.6%

Value ($000) $20,416 (-85.4%) Shares 546,308 (-79.8%) Est. Cost $68.66 Unrealized -34.2%

FERG FERGUSON ENTERPRISES INC 1.3%

Value ($000) $47,311 (-58.2%) Shares 212,510 (-57.8%) Est. Cost $201.79 Unrealized +17.9%

TRU TRANSUNION 4.2%

Value ($000) $149,974 (-26.8%) Shares 1,748,965 (-28.5%) Est. Cost $76.61 Unrealized +7.2%

META META PLATFORMS INC 0.9%

Value ($000) $33,871 (-61.7%) Shares 51,313 (-57.4%) Est. Cost $641.41 Unrealized +4.0%

UNP UNION PAC CORP 4.5%

Value ($000) $159,994 (-16.8%) Shares 691,658 (-15.0%) Est. Cost $223.15 Unrealized +1.9%

WBD WARNER BROS DISCOVERY INC 2.5%

Value ($000) $88,892 (-18.9%) Shares 3,084,372 (-45.1%) Est. Cost $13.62 Unrealized +71.6%

AMZN AMAZON COM INC 3.8%

Value ($000) $134,050 (-13.2%) Shares 580,754 (-17.4%) Est. Cost $175.40 Unrealized +30.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 6.9%

Value ($000) $247,326 (+0.3%) Shares 813,866 (-7.8%) Est. Cost $169.77 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FIG	FIGMA INC	546,308 (-79.8%)	$20,416 (-85.4%)	0.6%	$68.66	-34.2%	CLASS A COM STK	316841105
FERG	FERGUSON ENTERPRISES INC	212,510 (-57.8%)	$47,311 (-58.2%)	1.3%	$201.79	+17.9%	COMMON STOCK NEW	31488V107
TRU	TRANSUNION	1,748,965 (-28.5%)	$149,974 (-26.8%)	4.2%	$76.61	+7.2%	COM	89400J107
META	META PLATFORMS INC	51,313 (-57.4%)	$33,871 (-61.7%)	0.9%	$641.41	+4.0%	CL A	30303M102
UNP	UNION PAC CORP	691,658 (-15.0%)	$159,994 (-16.8%)	4.5%	$223.15	+1.9%	COM	907818108
WBD	WARNER BROS DISCOVERY INC	3,084,372 (-45.1%)	$88,892 (-18.9%)	2.5%	$13.62	+71.6%	COM SER A	934423104
AMZN	AMAZON COM INC	580,754 (-17.4%)	$134,050 (-13.2%)	3.8%	$175.40	+30.4%	COM	023135106
TSM	TAIWAN SEMICONDUCTOR MFG LTD	813,866 (-7.8%)	$247,326 (+0.3%)	6.9%	$169.77	—	SPONSORED ADS	874039100

Unchanged Positions (6)

GOOG ALPHABET INC 2.8%

Value ($000) $99,250 Shares 316,285 Est. Cost $128.48 Unrealized +122.9%

AMAT APPLIED MATLS INC 2.4%

Value ($000) $86,580 Shares 336,900 Est. Cost $149.49 Unrealized +60.2%

CRH CRH PLC 3.1%

Value ($000) $109,784 Shares 879,676 Est. Cost $105.61 Unrealized +12.8%

GE GE AEROSPACE 4.9%

Value ($000) $175,339 Shares 569,227 Est. Cost $94.54 Unrealized +218.2%

RDDT REDDIT INC 4.4%

Value ($000) $157,760 Shares 686,301 Est. Cost $152.27 Unrealized +38.1%

PCOR PROCORE TECHNOLOGIES INC 4.7%

Value ($000) $168,977 Shares 2,323,031 Est. Cost $64.37 Unrealized +14.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	316,285	$99,250	2.8%	$128.48	+122.9%	CAP STK CL C	02079K107
AMAT	APPLIED MATLS INC	336,900	$86,580	2.4%	$149.49	+60.2%	COM	038222105
CRH	CRH PLC	879,676	$109,784	3.1%	$105.61	+12.8%	ORD	G25508105
GE	GE AEROSPACE	569,227	$175,339	4.9%	$94.54	+218.2%	COM NEW	369604301
RDDT	REDDIT INC	686,301	$157,760	4.4%	$152.27	+38.1%	CL A	75734B100
PCOR	PROCORE TECHNOLOGIES INC	2,323,031	$168,977	4.7%	$64.37	+14.9%	COM	74275K108