ExlService Holdings, Inc.

EXLS

Exchange: Nasdaq
Industry: Services-Business Services, NEC
SEC CIK: 0001297989

SEC filings (opens in a new tab)

In the last 90 days, ExlService Holdings, Inc. insiders filed 0 open-market purchases and 3 sales; 444 institutions reported holding it in 13F filings for Q2 2026, worth $4.02B in total; no superinvestor holds it.

Q4 2025 vs. Q3 2025

How the institutions holding ExlService Holdings, Inc. changed between Q3 2025 and Q4 2025.

All holders in Q4 2025 All holders in Q3 2025

13F holders of EXLS: Q3 2025 compared with Q4 2025
Measure	Q3 2025	Of which not filed for Q4 2025	Q4 2025	Change
Holders	465	11	466	+12
Shares	153.5M	740.2K	153.5M	+653.1K (+0.4%)
Value	$6.76B	$32.6M	$6.51B	−$212.2M (−3.2%)

11 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (70)

Institutions that held ExlService Holdings, Inc. at the end of Q4 2025 but not at the end of Q3 2025.

Institutions new to EXLS in Q4 2025
Institution	Shares	Value	% of portfolio
Nomura Asset Management International Inc.	2,360,298	$100.2M	0.15%
Nordea Investment Management AB	552,242	$23.6M	0.02%
Norges Bank	452,352	$19.2M	0.00%
Susquehanna Fundamental Investments, LLC	74,971	$3.18M	0.11%
Bank of Nova Scotia	59,672	$2.53M	0.00%
PEAK6 LLC	55,135	$2.34M	0.06%
Capital Fund Management S.A.	44,035	$1.87M	0.02%
Connor, Clark & Lunn Investment Management Ltd.	42,654	$1.81M	0.00%
ING Groep NV	39,500	$1.68M	0.01%
Fox Run Management, L.L.C.	34,295	$1.46M	0.22%
Belpointe Asset Management LLC	28,522	$1.21M	0.04%
Horizon Investments, LLC	28,213	$1.20M	0.02%
Freestone Grove Partners LP	25,872	$1.10M	0.01%
Redwood Investment Management, LLC	25,779	$1.09M	0.12%
Fortis Capital Advisors, LLC	22,901	$971.9K	0.14%
Dynamic Technology Lab Private Ltd	19,958	$847.0K	0.19%
Worldquant Millennium Advisors LLC	18,263	$775.1K	0.00%
Mirabella Financial Services LLP	18,075	$767.1K	0.07%
Jain Global LLC	17,706	$751.4K	0.01%
Odyssean, LLC	17,553	$744.9K	0.54%
Walleye Capital LLC	16,062	$681.7K	0.00%
Brevan Howard Capital Management LP	14,073	$597.3K	0.01%
Vise Technologies, Inc.	8,708	$369.6K	0.01%
TCG Advisory Services, LLC	7,208	$305.9K	0.01%
Callan Family Office, LLC	7,148	$303.4K	0.01%
Sivia Capital Partners, LLC	7,077	$300.3K	0.06%
ISAM Funds (UK) Ltd	6,323	$268.3K	0.10%
AlphaGrep UK Ltd	6,223	$264.1K	0.09%
Two Sigma Securities, LLC	6,097	$258.8K	0.04%
Pallas Capital Advisors LLC	5,948	$252.4K	0.01%
PensionDanmark Pensionsforsikringsaktieselskab	5,850	$248.3K	0.00%
Graham Capital Management, L.P.	5,610	$238.1K	0.01%
North Dakota State Investment Board	5,565	$236.2K	0.01%
Riverwater Partners LLC	5,411	$229.6K	0.09%
Krilogy Financial LLC	5,166	$220.4K	0.01%
VisionPoint Advisory Group, LLC	4,996	$212.0K	0.04%
Aristides Capital LLC	4,920	$208.8K	0.07%
Kestra Advisory Services, LLC	3,406	$144.6K	0.00%
SageView Advisory Group, LLC	1,973	$83.7K	0.00%
Pinnacle Wealth Planning Services, Inc.	1,683	$71.4K	0.01%
Signature Equity Partners, LLC	971	$41.2K	0.02%
V-Square Quantitative Management LLC	773	$32.8K	0.00%
Eurizon Capital SGR S.p.A.	510	$21.8K	0.00%
Maseco LLP	456	$19.4K	0.00%
National Bank of Canada	443	$18.8K	0.00%
Eurizon SLJ Capital Ltd	391	$16.6K	0.01%
Acumen Wealth Advisors, LLC	309	$13.1K	0.00%
Keating Financial Advisory Services, Inc.	260	$11.0K	0.00%
Activest Wealth Management	256	$10.9K	0.00%
Brown Brothers Harriman & Co	135	$5.73K	0.00%
Annis Gardner Whiting Capital Advisors, LLC	101	$4.29K	0.00%
High Note Wealth, LLC	45	$1.91K	0.00%
Kilter Group LLC	42	$1.78K	0.00%
Crewe Advisors LLC	35	$1.49K	0.00%
Ancora Advisors, LLC	34	$1.44K	0.00%
Basecamp Wealth Advisors LLC	34	$1.44K	0.00%
Cromwell Holdings LLC	28	$1.19K	0.00%
Greenline Wealth Management LLC	26	$1.08K	0.00%
Flagship Harbor Advisors, LLC	20	$849	0.00%
Cornerstone Financial Management LLC	19	$806	0.00%
Elyxium Wealth, LLC	17	$721	0.00%
Optima Capital LLC	13	$552	0.00%
USA Financial Portformulas Corp	12	$509	0.00%
SHP Wealth Management	8	$340	0.00%
Quaker Wealth Management, LLC	5	$213	0.00%
Dunhill Financial, LLC	4	$150	0.00%
Rossby Financial, LCC	3	$127	0.00%
Cornerstone Planning Group LLC	3	$119	0.00%
Hughes Financial Services, LLC	2	$85	0.00%
Toronto Dominion Bank	1	$30	0.00%

Sold out (58)

Institutions that held ExlService Holdings, Inc. at the end of Q3 2025 and filed for Q4 2025 without it.

Institutions that sold out of EXLS in Q4 2025
Institution	Shares, Q3 2025	Value, Q3 2025
Macquarie Group Ltd	2,475,803	$109.0M
Atairos Group, Inc.	1,551,970	$68.3M
Massachusetts Financial Services Co	625,081	$27.5M
Arrowstreet Capital, Limited Partnership	211,412	$9.31M
Jupiter Asset Management Ltd	205,347	$9.04M
Oberweis Asset Management Inc	194,400	$8.56M
Susquehanna Portfolio Strategies, LLC	178,606	$7.86M
Balyasny Asset Management LLC	155,612	$6.85M
Navellier & Associates Inc	108,649	$4.78M
Axiom Investors LLC	81,150	$3.57M
Advantage Alpha Capital Partners LP	71,425	$3.14M
Eventide Asset Management, LLC	41,160	$1.81M
Integrated Quantitative Investments LLC	38,123	$1.68M
Aquatic Capital Management LLC	31,119	$1.37M
Natixis	26,419	$1.16M
Gsa Capital Partners LLP	25,830	$1.14M
Neo Ivy Capital Management	25,542	$1.12M
Oak Thistle LLC	24,365	$1.07M
Aigen Investment Management, LP	21,441	$944.0K
Lecap Asset Management Ltd	21,339	$939.6K
Pitcairn Co	15,936	$701.7K
Empowered Funds, LLC	14,758	$649.8K
Scientech Research LLC	13,632	$600.2K
Henshaw Capital LLC	12,679	$558.3K
Commerce Bank	12,652	$557.1K
Bayesian Capital Management, LP	11,800	$519.6K
Sherbrooke Park Advisers LLC	11,661	$513.4K
Lombard Odier Asset Management (USA) Corp	9,767	$430.0K
XTX Topco Ltd	8,754	$385.4K
Versor Investments LP	8,244	$363.0K
Winton Group Ltd	8,000	$352.2K
Axxcess Wealth Management, LLC	7,999	$352.2K
Brighton Jones LLC	7,336	$323.0K
Private Advisor Group, LLC	6,038	$265.9K
Caerus Investment Advisors, LLC	5,935	$261.3K
Summit Wealth Group LLC	5,368	$227.0K
Balboa Wealth Partners	5,140	$226.3K
Caxton Associates LLP	4,776	$210.3K
National Asset Management, Inc.	4,594	$202.3K
Advisory Services Network, LLC	2,324	$102.3K
Salem Investment Counselors Inc	2,000	$88.1K
Walleye Trading LLC	1,930	$85.0K
Johnson Financial Group, Inc.	1,630	$71.8K
Principal Securities, Inc.	1,455	$64.1K
Mather Group, LLC.	567	$25.0K
Rise Advisors, LLC	563	$24.8K
Wealthspire Advisors, LLC	460	$20.3K
Adirondack Trust Co	377	$16.6K
Caitong International Asset Management Co., Ltd	319	$14.0K
Ci Investments Inc.	259	$11.0K
Marshall & Sterling Wealth Advisors Inc.	112	$4.93K
JPL Wealth Management, LLC	55	$2.42K
Arlington Trust Co LLC	35	$1.54K
Turning Point Benefit Group, Inc.	29	$1.27K
Cloud Capital Management, LLC	26	$1.00K
UMA Financial Services, Inc.	16	$705
Twin Tree Management, LP	11	$484
Tortoise Investment Management, LLC	1	$44

Not filed for Q4 2025 yet (11)

Institutions that held ExlService Holdings, Inc. at the end of Q3 2025 and haven't filed a 13F for Q4 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding EXLS in Q3 2025 that haven't filed for Q4 2025
Institution	Shares, Q3 2025	Value, Q3 2025
Cubist Systematic Strategies, LLC	456,171	$20.1M
AXA Investment Managers S.A.	145,526	$6.41M
EFG Asset Management (North America) Corp.	79,430	$3.50M
Point72 Hong Kong Ltd	28,611	$1.26M
Point72 (DIFC) Ltd	11,742	$517.0K
Point72 Asia (Singapore) Pte. Ltd.	4,937	$217.4K
Wolverine Trading, LLC	4,603	$202.4K
Point72 Europe (London) LLP	4,583	$201.8K
Shell Asset Management Co	4,397	$194.0K
Hemington Wealth Management	160	$7.00K
Guerra Advisors Inc	15	$660