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ExlService Holdings, Inc.

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

In the last 90 days, ExlService Holdings, Inc. insiders filed 0 open-market purchases and 4 sales; 444 institutions reported holding it in 13F filings for Q2 2026, worth $4.02B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in ExlService Holdings, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
466
+12 vs. Q3 2025
Shares held
153.5M
+705.0K (+0.5%) vs. Q3 2025
Total value
$6.52B
−$210.0M (−3.1%) vs. Q3 2025
New holders
70
165 more added
Sold out
58
189 more reduced

11 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting EXLS on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 466 institutions
Q1 2021: 224 institutionsQ2 2021: 223 institutionsQ3 2021: 260 institutionsQ4 2021: 286 institutionsQ1 2022: 291 institutionsQ2 2022: 298 institutionsQ3 2022: 315 institutionsQ4 2022: 338 institutionsQ1 2023: 344 institutionsQ2 2023: 333 institutionsQ3 2023: 330 institutionsQ4 2023: 337 institutionsQ1 2024: 338 institutionsQ2 2024: 346 institutionsQ3 2024: 362 institutionsQ4 2024: 415 institutionsQ1 2025: 455 institutionsQ2 2025: 460 institutionsQ3 2025: 465 institutionsQ4 2025: 466 institutionsQ1 2026: 464 institutionsQ2 2026: 444 institutions
Value heldQ4 2025: $6.52B
Q1 2021: $2.91BQ2 2021: $3.42BQ3 2021: $3.93BQ4 2021: $4.55BQ1 2022: $4.60BQ2 2022: $4.79BQ3 2022: $4.73BQ4 2022: $5.29BQ1 2023: $5.05BQ2 2023: $4.79BQ3 2023: $4.39BQ4 2023: $4.75BQ1 2024: $4.99BQ2 2024: $4.82BQ3 2024: $5.82BQ4 2024: $6.85BQ1 2025: $7.38BQ2 2025: $6.78BQ3 2025: $6.76BQ4 2025: $6.52BQ1 2026: $4.66BQ2 2026: $4.02B
Institutions holding EXLS and their total value by quarter
QuarterHoldersValue
Q2 2026444$4.02B
Q1 2026464$4.66B
Q4 2025466$6.52B
Q3 2025465$6.76B
Q2 2025460$6.78B
Q1 2025455$7.38B
Q4 2024415$6.85B
Q3 2024362$5.82B
Q2 2024346$4.82B
Q1 2024338$4.99B
Q4 2023337$4.75B
Q3 2023330$4.39B
Q2 2023333$4.79B
Q1 2023344$5.05B
Q4 2022338$5.29B
Q3 2022315$4.73B
Q2 2022298$4.79B
Q1 2022291$4.60B
Q4 2021286$4.55B
Q3 2021260$3.93B
Q2 2021223$3.42B
Q1 2021224$2.91B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding ExlService Holdings, Inc.; share changes are against Q3 2025.

Institutions holding EXLS in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Assetmark, Inc2,208$93.7K0.00%−397−15.2%Reduced
Sunbelt Securities, Inc.2,278$96.7K0.01%+90+4.1%Added
Umb Bank N A2,647$112.3K0.00%+482+22.3%Added
Arcadia Investment Management Corp2,764$117.3K0.02%00.0%Unchanged
Los Angeles Capital Management LLC3,126$125.7K0.00%−3,505−52.9%Reduced
IFP Advisors, Inc3,025$128.4K0.00%−1,483−32.9%Reduced
Farther Finance Advisors, LLC3,048$129.4K0.00%+2,256+284.8%Added
Quarry LP3,380$143.4K0.02%−1,880−35.7%Reduced
Kestra Advisory Services, LLC3,406$144.6K0.00%+3,406New
STRS Ohio3,697$156.9K0.00%−87−2.3%Reduced
GAMMA Investing LLC3,944$167.4K0.01%+643+19.5%Added
TD Private Client Wealth LLC4,080$173.2K0.00%+616+17.8%Added
Ronald Blue Trust, Inc.4,125$175.1K0.00%−55−1.3%Reduced
KBC Group NV4,440$188.0K0.00%00.0%Unchanged
Central Pacific Bank - Trust Division4,461$189.3K0.02%00.0%Unchanged
Bayforest Capital Ltd4,522$191.9K0.14%−8,992−66.5%Reduced
Covestor Ltd4,640$197.0K0.10%+881+23.4%Added
Manchester Capital Management LLC4,855$206.0K0.03%00.0%Unchanged
Aristides Capital LLC4,920$208.8K0.07%+4,920New
Forum Financial Management, LP4,995$212.0K0.00%−3−0.1%Reduced
Heritage Family Offices, LLP4,995$212.0K0.10%−557−10.0%Reduced
VisionPoint Advisory Group, LLC4,996$212.0K0.04%+4,996New
Legacy Capital Wealth Partners, LLC5,025$213.3K0.05%−252−4.8%Reduced
Nisa Investment Advisors, LLC5,155$218.8K0.00%−473−8.4%Reduced
MQS Management LLC5,162$219.1K0.13%+384+8.0%Added
Occudo Quantitative Strategies LP5,163$219.1K0.01%−1,353−20.8%Reduced
Guggenheim Capital LLC5,188$220.2K0.00%−4,975−49.0%Reduced
Krilogy Financial LLC5,166$220.4K0.01%+5,166New
Claret Asset Management Corp5,204$221.0K0.03%−13−0.2%Reduced
Alta Capital Management LLC5,217$221.4K0.01%−134−2.5%Reduced
CIBC Asset Management Inc5,237$222.3K0.00%00.0%Unchanged
Shelton Capital Management5,238$222.3K0.00%−539−9.3%Reduced
MeadowBrook Investment Advisors LLC5,335$226.4K0.19%00.0%Unchanged
Aster Capital Management (DIFC) Ltd5,396$229.0K0.10%+2,439+82.5%Added
Riverwater Partners LLC5,411$229.6K0.09%+5,411New
Wiley Bros.-Aintree Capital, LLC5,440$230.9K0.00%−257−4.5%Reduced
Rockefeller Capital Management L.P.5,463$231.8K0.00%+1,294+31.0%Added
Evergreen Capital Management LLC5,485$232.8K0.01%−1,604−22.6%Reduced
Envestnet Portfolio Solutions, Inc.5,541$235.2K0.00%+125+2.3%Added
North Dakota State Investment Board5,565$236.2K0.01%+5,565New
Graham Capital Management, L.P.5,610$238.1K0.01%+5,610New
Shaker Investments LLC5,623$238.6K0.10%−7,996−58.7%Reduced
Virginia Retirement Systems Et Al5,800$246.2K0.00%−16,600−74.1%Reduced
PensionDanmark Pensionsforsikringsaktieselskab5,850$248.3K0.00%+5,850New
Pallas Capital Advisors LLC5,948$252.4K0.01%+5,948New
Fifth Third Wealth Advisors LLC5,973$253.5K0.01%+13+0.2%Added
Journey Strategic Wealth LLC5,992$254.3K0.01%+112+1.9%Added
Two Sigma Securities, LLC6,097$258.8K0.04%+6,097New
Exchange Traded Concepts, LLC6,206$263.4K0.00%+3,301+113.6%Added
AlphaGrep UK Ltd6,223$264.1K0.09%+6,223New
Institute for Wealth Management, LLC.6,233$264.5K0.03%−136−2.1%Reduced
M&T Bank Corp6,274$266.5K0.00%+1,621+34.8%Added
ISAM Funds (UK) Ltd6,323$268.3K0.10%+6,323New
ProShare Advisors LLC6,364$270.1K0.00%−508−7.4%Reduced
Sanctuary Advisors, LLC6,460$274.2K0.00%−1,566−19.5%Reduced
Ethic Inc.6,502$275.9K0.00%+903+16.1%Added
Norden Group LLC6,758$286.8K0.03%−81−1.2%Reduced
Atria Investments LLC6,773$287.4K0.00%+948+16.3%Added
Park Avenue Securities LLC6,835$290.0K0.00%−41−0.6%Reduced
Portside Wealth Group, LLC6,882$292.1K0.04%+692+11.2%Added
EverSource Wealth Advisors, LLC6,907$293.1K0.01%+880+14.6%Added
Diversified Trust Co7,070$300.1K0.01%00.0%Unchanged
Sivia Capital Partners, LLC7,077$300.3K0.06%+7,077New
Bridgewater Associates, LP7,126$302.4K0.00%−103,671−93.6%Reduced
Callan Family Office, LLC7,148$303.4K0.01%+7,148New
New Age Alpha Advisors, LLC7,182$304.8K0.01%−809−10.1%Reduced
TCG Advisory Services, LLC7,208$305.9K0.01%+7,208New
Lifestyle Asset Management, Inc.7,344$311.7K0.10%−1,041−12.4%Reduced
Neuberger Berman Group LLC7,420$314.9K0.00%+399+5.7%Added
Boothbay Fund Management, LLC7,460$316.6K0.01%−5,852−44.0%Reduced
Jones Financial Companies LLLP7,567$321.1K0.00%+2,479+48.7%Added
Maryland State Retirement & Pension System7,691$326.4K0.01%00.0%Unchanged
Keebeck Wealth Management, LLC7,824$332.1K0.04%−5,771−42.4%Reduced
HMS Capital Management, LLC7,846$333.0K0.14%−53−0.7%Reduced
Ritholtz Wealth Management7,888$334.8K0.01%−82−1.0%Reduced
Colony Group, LLC8,131$345.1K0.00%+1,953+31.6%Added
Commonwealth Equity Services, LLC8,222$348.9K0.00%−28,666−77.7%Reduced
Utah Retirement Systems8,364$355.0K0.00%00.0%Unchanged
Global Retirement Partners, LLC8,386$355.9K0.01%+7,150+578.5%Added
Kovitz Investment Group Partners, LLC8,565$363.5K0.01%−1,256−12.8%Reduced
Vise Technologies, Inc.8,708$369.6K0.01%+8,708New
Carnegie Capital Asset Management, LLC8,750$371.4K0.01%00.0%Unchanged
Cambridge Investment Research Advisors, Inc.8,964$380.0K0.00%+595+7.1%Added
Perbak Capital Partners LLP9,139$387.9K0.12%−16,774−64.7%Reduced
The PNC Financial Services Group, Inc.9,447$400.9K0.00%−1,615−14.6%Reduced
Diversify Advisory Services, LLC9,451$404.2K0.01%+1,083+12.9%Added
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main9,557$405.6K0.00%00.0%Unchanged
Buckingham Strategic Partners9,606$407.7K0.00%+2,585+36.8%Added
Merit Financial Group, LLC9,827$417.1K0.00%+2,414+32.6%Added
Tevis Investment Management9,527$419.5K0.25%00.0%Unchanged
Gallacher Capital Management LLC10,002$424.5K0.16%−5,281−34.6%Reduced
Dark Forest Capital Management LP10,049$426.5K0.02%−84,666−89.4%Reduced
FORA Capital, LLC10,119$429.4K0.05%+2,167+27.3%Added
Nomura Asset Management Co Ltd10,295$436.9K0.00%−83,301−89.0%Reduced
Alps Advisors Inc10,575$448.8K0.00%+116+1.1%Added
111 Capital10,734$455.6K0.10%−6,022−35.9%Reduced
Summit Trail Advisors, LLC10,897$462.5K0.01%+65+0.6%Added
CWM Advisors, LLC10,990$466.4K0.04%+671+6.5%Added
Mitsubishi UFJ Asset Management (UK) Ltd.11,000$467.0K0.23%−20,000−64.5%Reduced
Public Employees Retirement Association of Colorado11,004$467.0K0.00%00.0%Unchanged