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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
Engineers Gate Manager LP169,821$7.21M0.09%−45,364−21.1%Reduced
LPL Financial LLC167,459$7.11M0.00%−12,185−6.8%Reduced
Qube Research & Technologies Ltd166,179$7.05M0.01%−60,434−26.7%Reduced
Teacher Retirement System of Texas161,502$6.85M0.02%+29,724+22.6%Added
California State Teachers Retirement System152,545$6.47M0.01%−382−0.2%Reduced
Bridge City Capital, LLC147,632$6.27M1.84%+8,810+6.3%Added
Verition Fund Management LLC140,556$5.97M0.03%+55,281+64.8%Added
First Trust Advisors LP139,996$5.94M0.00%−75,507−35.0%Reduced
Van Eck Associates Corp139,979$5.94M0.00%+5,001+3.7%Added
Healthcare of Ontario Pension Plan Trust Fund135,376$5.75M0.01%+51,000+60.4%Added
American Century Companies Inc125,193$5.31M0.00%−23,388−15.7%Reduced
Prudential Financial Inc122,875$5.21M0.01%−66,770−35.2%Reduced
Prevail Innovative Wealth Advisors, LLC119,659$5.08M0.91%+15,848+15.3%Added
Deutsche Bank AG116,005$4.92M0.00%+67,148+137.4%Added
Manufacturers Life Insurance Company, The115,839$4.92M0.00%−4,274−3.6%Reduced
Quantbot Technologies LP112,855$4.79M0.16%+38,232+51.2%Added
one8zero8, LLC110,300$4.68M1.02%−5,750−5.0%Reduced
New York State Common Retirement Fund103,062$4.37M0.01%+4,489+4.6%Added
Foyston, Gordon, & Payne Inc100,402$4.26M0.93%+32,353+47.5%Added
Univest Financial Corp99,001$4.20M0.22%+736+0.7%Added
Illinois Municipal Retirement Fund98,280$4.17M0.05%−75−0.1%Reduced
2Xideas AG95,035$4.03M1.13%−46,409−32.8%Reduced
Great West Life Assurance Co91,308$3.88M0.01%−42,820−31.9%Reduced
Advisor Group Holdings, Inc.85,906$3.65M0.01%−12,759−12.9%Reduced
Mariner, LLC85,442$3.63M0.00%+37,678+78.9%Added
OP Asset Management Ltd84,789$3.60M0.04%+51,842+157.3%Added
Bank of Montreal82,925$3.52M0.00%+737+0.9%Added
Creative Planning82,762$3.51M0.00%−2,462−2.9%Reduced
Baird Financial Group, Inc.81,097$3.44M0.01%−11,075−12.0%Reduced
Quest Partners LLC80,510$3.42M0.19%+4,873+6.4%Added
HighTower Advisors, LLC77,922$3.31M0.00%+30.0%Added
Crossmark Global Holdings, Inc.76,947$3.27M0.05%+26,986+54.0%Added
Campbell Newman Asset Management Inc76,685$3.25M0.24%−2,815−3.5%Reduced
Cetera Investment Advisers76,092$3.23M0.00%−3,277−4.1%Reduced
Amalgamated Bank75,151$3.19M0.02%−6,900−8.4%Reduced
Susquehanna Fundamental Investments, LLC74,971$3.18M0.11%+74,971New
Tandem Investment Advisors, Inc.73,635$3.13M0.12%+1,678+2.3%Added
State of Tennessee, Treasury Department77,442$3.03M0.01%−3,317−4.1%Reduced
First National Bank of Omaha71,263$3.02M0.09%−783−1.1%Reduced
New York State Teachers Retirement System71,139$3.02M0.01%−4,265−5.7%Reduced
Catalyst Funds Management Pty Ltd69,600$2.95M0.69%−32,700−32.0%Reduced
Janus Henderson Group PLC68,425$2.90M0.00%00.0%Unchanged
Rothschild Investment LLC65,894$2.80M0.15%+63,685+2,883.0%Added
Y-Intercept (Hong Kong) Ltd65,134$2.76M0.06%+58,087+824.3%Added
Treasurer of the State of North Carolina64,669$2.75M0.01%−6,472−9.1%Reduced
Vident Advisory, LLC64,269$2.73M0.03%+3,256+5.3%Added
Police & Firemen's Retirement System of New Jersey63,572$2.70M0.02%−6,229−8.9%Reduced
Ieq Capital, LLC62,798$2.67M0.01%+31,380+99.9%Added
Lazard Asset Management LLC62,228$2.64M0.00%+4,859+8.5%Added
Zions Bancorporation, National Association60,504$2.57M0.12%−4,544−7.0%Reduced
Thrivent Financial for Lutherans59,936$2.54M0.00%−296,778−83.2%Reduced
Bank of Nova Scotia59,672$2.53M0.00%+59,672New
State Board of Administration of Florida Retirement System56,593$2.40M0.00%+5,730+11.3%Added
State of New Jersey Common Pension Fund D55,632$2.36M0.01%+2,958+5.6%Added
Zurcher Kantonalbank (Zurich Cantonalbank)55,607$2.36M0.01%−8,815−13.7%Reduced
Sciencast Management LP55,503$2.36M0.33%+25,058+82.3%Added
PEAK6 LLC55,135$2.34M0.06%+55,135New
Campbell & CO Investment Adviser LLC52,596$2.23M0.11%+28,464+118.0%Added
Comerica Bank52,482$2.23M0.01%−10,497−16.7%Reduced
Moran Wealth Management, LLC52,243$2.22M0.07%+3,826+7.9%Added
Public Employees Retirement System of Ohio51,334$2.18M0.01%−2,940−5.4%Reduced
Truist Financial Corp50,176$2.13M0.00%+12,612+33.6%Added
Elo Mutual Pension Insurance Co50,091$2.13M0.03%−11,212−18.3%Reduced
Teachers Retirement System of the State of Kentucky50,013$2.12M0.02%00.0%Unchanged
CSM Advisors, LLC49,687$2.11M0.06%+8,982+22.1%Added
Yousif Capital Management, LLC49,475$2.06M0.02%−1,576−3.1%Reduced
Quantinno Capital Management LP48,532$2.06M0.00%+12,535+34.8%Added
CWM, LLC48,245$2.05M0.01%−25,919−34.9%Reduced
Granahan Investment Management Inc48,206$2.05M0.09%−117,787−71.0%Reduced
Capstone Investment Advisors, LLC47,830$2.03M0.02%+33,506+233.9%Added
Pacer Advisors, Inc.46,844$1.99M0.01%+25,420+118.7%Added
Dana Investment Advisors, Inc.46,294$1.96M0.06%+7,595+19.6%Added
KLP Kapitalforvaltning AS45,900$1.95M0.01%00.0%Unchanged
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.46,495$1.92M0.00%+22,175+91.2%Added
Arizona State Retirement System45,033$1.91M0.01%−3,100−6.4%Reduced
Wealth Enhancement Advisory Services, LLC44,368$1.89M0.00%+15,936+56.0%Added
Legato Capital Management LLC44,117$1.87M0.16%+16,722+61.0%Added
Capital Fund Management S.A.44,035$1.87M0.02%+44,035New
Louisiana State Employees Retirement System43,900$1.86M0.03%−1,100−2.4%Reduced
Pathstone Holdings, LLC43,140$1.83M0.01%+2,443+6.0%Added
Connor, Clark & Lunn Investment Management Ltd.42,654$1.81M0.00%+42,654New
Stifel Financial Corp41,378$1.76M0.00%−29,052−41.2%Reduced
Captrust Financial Advisors41,233$1.75M0.00%+17,297+72.3%Added
Marshall Wace, LLP40,955$1.74M0.00%−456,291−91.8%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys39,714$1.69M0.01%−1,738−4.2%Reduced
ING Groep NV39,500$1.68M0.01%+39,500New
State of Michigan Retirement System37,500$1.59M0.01%−1,000−2.6%Reduced
Xponance, Inc.36,979$1.57M0.01%−245−0.7%Reduced
Landscape Capital Management, L.L.C.36,174$1.54M0.10%+2,012+5.9%Added
Northwestern Mutual Investment Management Company, LLC35,507$1.51M0.02%−494−1.4%Reduced
Jump Financial, LLC35,225$1.49M0.02%−24,375−40.9%Reduced
Fox Run Management, L.L.C.34,295$1.46M0.22%+34,295New
New Mexico Educational Retirement Board34,000$1.44M0.04%00.0%Unchanged
Cerity Partners LLC33,169$1.41M0.00%+11,802+55.2%Added
Natixis Advisors, L.P.32,811$1.39M0.00%−12,561−27.7%Reduced
Oregon Public Employees Retirement Fund31,741$1.35M0.02%−800−2.5%Reduced
Credit Agricole S A30,980$1.31M0.00%−30,003−49.2%Reduced
Kensington Investment Counsel, LLC29,802$1.26M0.51%−4,385−12.8%Reduced
QSV Equity Investors LLC29,405$1.25M1.85%−13,949−32.2%Reduced
Ameritas Investment Partners, Inc.29,085$1.23M0.04%−1,191−3.9%Reduced