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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
+653.1K (+0.4%) vs. Q3 2025
Total value
$6.51B
−$212.2M (−3.2%) vs. Q3 2025
New holders
70
164 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: $6.51B
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: $6.51BQ1 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$6.51B
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
Hennion & Walsh Asset Management, Inc.28,912$1.23M0.04%+15,764+119.9%Added
Belpointe Asset Management LLC28,522$1.21M0.04%+28,522New
Horizon Investments, LLC28,213$1.20M0.02%+28,213New
Entropy Technologies, LP27,725$1.18M0.06%+18,817+211.2%Added
West Tower Group, LLC27,700$1.18M2.70%00.0%Unchanged
NorthCrest Asset Manangement, LLC27,898$1.17M0.03%+67+0.2%Added
Ami Asset Management Corp27,555$1.17M0.07%−1,884−6.4%Reduced
MML Investors Services, LLC27,366$1.16M0.00%+4,706+20.8%Added
Allianz Asset Management GmbH26,679$1.13M0.00%+1,046+4.1%Added
Susquehanna International Group, LLP26,583$1.13M0.00%−10,143−27.6%Reduced
Freestone Grove Partners LP25,872$1.10M0.01%+25,872New
Redwood Investment Management, LLC25,779$1.09M0.12%+25,779New
Headlands Technologies LLC25,631$1.09M0.09%+13,363+108.9%Added
Concurrent Investment Advisors, LLC25,562$1.08M0.01%+11,175+77.7%Added
Azzad Asset Management Inc25,294$1.07M0.11%+855+3.5%Added
Compass Ion Advisors, LLC24,863$1.06M0.10%00.0%Unchanged
David Loasby24,419$1.03M0.07%−871−3.4%Reduced
Diversify Wealth Management, LLC24,475$1.02M0.05%+1,644+7.2%Added
JustInvest LLC23,596$1.00M0.01%+737+3.2%Added
HRT Financial LP23,551$999.0K0.00%−98,550−80.7%Reduced
HGK Asset Management Inc23,511$997.8K0.15%+170+0.7%Added
Trust Point Inc.23,405$993.3K0.08%−71−0.3%Reduced
South Dakota Investment Council23,057$979.0K0.02%−1,700−6.9%Reduced
Fortis Capital Advisors, LLC22,901$971.9K0.14%+22,901New
Pictet Asset Management Holding SA22,632$960.5K0.00%+1,270+5.9%Added
Franklin Resources Inc22,141$939.7K0.00%−56,561−71.9%Reduced
Voleon Capital Management LP21,961$932.0K0.02%+7,588+52.8%Added
Bedel Financial Consulting, Inc.20,713$879.1K0.09%−1,252−5.7%Reduced
Miracle Mile Advisors, LLC20,230$858.6K0.01%+314+1.6%Added
Dynamic Technology Lab Private Ltd19,958$847.0K0.19%+19,958New
DekaBank Deutsche Girozentrale26,018$840.0K0.00%00.0%Unchanged
PharVision Advisers, LLC19,549$829.7K0.42%+1,825+10.3%Added
Linden Thomas Advisory Services, LLC19,392$823.0K0.08%+665+3.6%Added
Sequoia Financial Advisors, LLC19,166$813.4K0.00%+8,105+73.3%Added
Summitry LLC18,982$805.6K0.03%+3,204+20.3%Added
Janney Montgomery Scott LLC18,875$801.0K0.00%−484−2.5%Reduced
FourThought Financial Partners, LLC18,682$792.9K0.07%+747+4.2%Added
Worldquant Millennium Advisors LLC18,263$775.1K0.00%+18,263New
SG Americas Securities, LLC18,225$773.0K0.00%−28,901−61.3%Reduced
Yorktown Management & Research Co Inc18,100$768.2K0.61%00.0%Unchanged
Mirabella Financial Services LLP18,075$767.1K0.07%+18,075New
Jain Global LLC17,706$751.4K0.01%+17,706New
Odyssean, LLC17,553$744.9K0.54%+17,553New
State of Wyoming17,398$738.4K0.08%−10,548−37.7%Reduced
Schonfeld Strategic Advisors LLC17,068$724.4K0.00%−79,294−82.3%Reduced
Walleye Capital LLC16,062$681.7K0.00%+16,062New
Integrated Wealth Concepts LLC15,818$671.3K0.01%+7,361+87.0%Added
State of Alaska, Department of Revenue15,741$668.0K0.01%−1,925−10.9%Reduced
Sheets Smith Wealth Management15,591$661.7K0.07%+100+0.6%Added
Axq Capital, LP15,336$650.9K0.15%+5,043+49.0%Added
Federation des caisses Desjardins du Quebec14,980$635.8K0.00%+1,600+12.0%Added
First National Advisers, LLC14,937$633.9K0.09%−715−4.6%Reduced
Inspire Advisors, LLC14,914$633.0K0.06%−5,745−27.8%Reduced
Vestcor Inc14,788$628.0K0.02%00.0%Unchanged
O'Shaughnessy Asset Management, LLC14,622$620.6K0.00%−10,242−41.2%Reduced
Brevan Howard Capital Management LP14,073$597.3K0.01%+14,073New
New York Life Investment Management LLC13,855$588.0K0.01%−2,012−12.7%Reduced
Alliance Wealth Advisors, LLC13,480$572.1K0.12%−5,100−27.4%Reduced
QRG Capital Management, Inc.13,381$567.9K0.01%+2,964+28.5%Added
Swiss Life Asset Management Ltd12,883$546.8K0.00%+5,324+70.4%Added
Quadrant Capital Group LLC12,577$533.8K0.02%+185+1.5%Added
US Bancorp12,440$528.0K0.00%−1,545−11.0%Reduced
Tower Research Capital LLC (TRC)12,085$512.9K0.01%+7,892+188.2%Added
Aviva PLC12,035$510.8K0.00%+1,006+9.1%Added
Securian Asset Management, Inc11,565$490.8K0.02%−531−4.4%Reduced
McMorgan & Co LLC11,278$478.6K0.08%−68,484−85.9%Reduced
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
CWM Advisors, LLC10,990$466.4K0.04%+671+6.5%Added
Summit Trail Advisors, LLC10,897$462.5K0.01%+65+0.6%Added
111 Capital10,734$455.6K0.10%−6,022−35.9%Reduced
Alps Advisors Inc10,575$448.8K0.00%+116+1.1%Added
Nomura Asset Management Co Ltd10,295$436.9K0.00%−83,301−89.0%Reduced
FORA Capital, LLC10,119$429.4K0.05%+2,167+27.3%Added
Dark Forest Capital Management LP10,049$426.5K0.02%−84,666−89.4%Reduced
Gallacher Capital Management LLC10,002$424.5K0.16%−5,281−34.6%Reduced
Tevis Investment Management9,527$419.5K0.25%00.0%Unchanged
Merit Financial Group, LLC9,827$417.1K0.00%+2,414+32.6%Added
Buckingham Strategic Partners9,606$407.7K0.00%+2,585+36.8%Added
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main9,557$405.6K0.00%00.0%Unchanged
Diversify Advisory Services, LLC9,451$404.2K0.01%+1,083+12.9%Added
The PNC Financial Services Group, Inc.9,447$400.9K0.00%−1,615−14.6%Reduced
Perbak Capital Partners LLP9,139$387.9K0.12%−16,774−64.7%Reduced
Cambridge Investment Research Advisors, Inc.8,964$380.0K0.00%+595+7.1%Added
Carnegie Capital Asset Management, LLC8,750$371.4K0.01%00.0%Unchanged
Vise Technologies, Inc.8,708$369.6K0.01%+8,708New
Kovitz Investment Group Partners, LLC8,565$363.5K0.01%−1,256−12.8%Reduced
Global Retirement Partners, LLC8,386$355.9K0.01%+7,150+578.5%Added
Utah Retirement Systems8,364$355.0K0.00%00.0%Unchanged
Commonwealth Equity Services, LLC8,222$348.9K0.00%−28,666−77.7%Reduced
Colony Group, LLC8,131$345.1K0.00%+1,953+31.6%Added
Ritholtz Wealth Management7,888$334.8K0.01%−82−1.0%Reduced
HMS Capital Management, LLC7,846$333.0K0.14%−53−0.7%Reduced
Keebeck Wealth Management, LLC7,824$332.1K0.04%−5,771−42.4%Reduced
Maryland State Retirement & Pension System7,691$326.4K0.01%00.0%Unchanged
Jones Financial Companies LLLP7,567$321.1K0.00%+2,479+48.7%Added
Boothbay Fund Management, LLC7,460$316.6K0.01%−5,852−44.0%Reduced
Neuberger Berman Group LLC7,420$314.9K0.00%+399+5.7%Added
Lifestyle Asset Management, Inc.7,344$311.7K0.10%−1,041−12.4%Reduced
TCG Advisory Services, LLC7,208$305.9K0.01%+7,208New