ExlService Holdings

EXLS • NASDAQ

ExlService Holdings is a information technology services company in the technology sector on NASDAQ, led by Rohit Kapoor, with a market cap of $6.6B. As of Q3 2025, 95% of shares are held by 454 institutional investors, with BlackRock, Inc. as the largest holder at 12.72%.

Chief Executive OfficerRohit Kapoor

Market Cap$6.6B

Information Technology Services

Technology

Employees54.0K

Websiteexlservice.com

Country

United States of America

Overview

Overview of institutional ownership in EXLS as of Q3 2025 with a market cap of $7.1B

All Institutions

Institutions: 454
Value Held: $6.8B
Shares Held: 153.5M
Avg Position: $14.9M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 49
Value Held: $560.5M
Shares Held: 12.7M
Avg Position: $11.4M
Median Position: $1.5M

Ownership Breakdown

Institutional (non-HF)

87.12%

$6.2B

Hedge Funds

7.88%

$560.5M

Retail & Other

5.0%

$355.5M

Based on market cap of $7.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in EXLS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$904.5M 0.02% of portfolio	12.72% 20.5M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$643.9M 0.01% of portfolio	9.05% 14.6M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FMR LLC Institution	-	$392.6M 0.02% of portfolio	5.52% 8.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$238.3M 0.02% of portfolio	3.35% 5.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	Jose Manuel Munoz Quiroga Managing Partner	$220.0M 3.77% of portfolio	3.09% 5.0M shares	Q1 2020 Held for 5y 8m	$5.8B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$213.5M 0.01% of portfolio	3.00% 4.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$178.0M 0.01% of portfolio	2.50% 4.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
H Handelsbanken Fonder AB Institution	-	$150.4M 0.49% of portfolio	2.12% 3.4M shares	Q2 2020 Held for 5y 5m	$30.8B
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	Brent Walker Gledhill CEO	$127.6M 0.33% of portfolio	1.79% 2.9M shares	Q4 2023 Held for 1y 11m	$38.7B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$126.4M 0.03% of portfolio	1.78% 2.9M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B

Net Capital Flow

Institutional buying and selling activity for EXLS in Q3 2025

Traded: +$48.9M
Buyers: 257
Sellers: 222
Total Bought: +$890.4M
Total Sold: −$841.5M
Avg Position: $12.9M

Biggest Buyers

Institution	Net Bought	Current Position
B BlackRock, Inc. Institution	+$117.1M +2.7M shares	$904.5M 20.5M shares
FMR LLC Institution	+$78.9M +1.8M shares	$392.6M 8.9M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$73.0M +1.7M shares	$86.5M 2.0M shares
A Amundi Institution	+$67.9M +1.6M shares	$67.9M 1.6M shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	+$35.2M +798.8K shares	$43.0M 975.9K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$33.1M +752.1K shares	$36.7M 834.3K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$31.1M +705.5K shares	$74.4M 1.7M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$27.8M +632.0K shares	$178.0M 4.0M shares
D D. E. Shaw & Co., Inc. Institution	+$27.4M +621.9K shares	$60.6M 1.4M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$25.0M +567.6K shares	$65.8M 1.5M shares

Biggest Sellers

Institution	Net Sold	Current Position
Invesco Ltd. ETF Provider	−$147.7M −3.4M shares	$56.8M 1.3M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$76.3M −1.7M shares	$27.3M 619.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$51.9M −1.2M shares	$8.7M 198.5K shares
J JANE STREET GROUP, LLC Institution	−$36.9M −837.2K shares	$22.8M 517.4K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$36.6M −836.1K shares	Sold Off 0 shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	−$29.3M −666.5K shares	$47.3M 1.1M shares
Q Qube Research & Technologies Ltd Institution	−$28.9M −655.9K shares	$10.0M 226.6K shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	−$27.0M −613.7K shares	$8.0M 180.7K shares
M MACQUARIE GROUP LTD Institution	−$20.6M −468.7K shares	$109.0M 2.5M shares
LORD, ABBETT & CO. LLC Long Only Manager	−$19.3M −441.7K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited EXLS in Q3 2025

New Positions: 40
New Value: $33.6M
Exited Positions: 68
Exited Value: $181.8M

New Positions

Institution	Position Value
M M&G Plc Institution	$12.5M 284.7K shares
PREVAIL INNOVATIVE WEALTH ADVISORS, LLC RIA/Wealth	$4.6M 103.8K shares
Foyston, Gordon, & Payne Inc Long Only Manager	$3.0M 68.0K shares
Moran Wealth Management, LLC RIA/Wealth	$2.1M 48.4K shares
C CSM Advisors, LLC Institution	$1.8M 40.7K shares
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Market Neutral	$1.5M 34.2K shares
IEQ CAPITAL, LLC RIA/Wealth	$1.4M 31.4K shares
O Oak Thistle LLC Institution	$1.1M 24.4K shares
L LECAP ASSET MANAGEMENT LTD Institution	$939.6K 21.3K shares
Voleon Capital Management LP Hedge Fund•Quant	$632.8K 14.4K shares

Exited Positions

Institution	Previous Position
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	$36.6M 836.1K shares
LORD, ABBETT & CO. LLC Long Only Manager	$19.3M 441.7K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$17.3M 396.1K shares
NEXT CENTURY GROWTH INVESTORS LLC Long Only Manager	$16.5M 377.8K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$9.6M 220.3K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	$8.6M 196.4K shares
Nicholas Investment Partners, LP Long Only Manager	$7.5M 172.3K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$6.4M 146.8K shares
B Brevan Howard Capital Management LP Institution	$6.4M 146.8K shares
C Capitolis Liquid Global Markets LLC Private Equity	$5.7M 129.6K shares

Options Activity

Institutions with the largest Call and Put options positions in EXLS as of Q3 2025

Call Positions: 4
Call Value: $2.6M
Put Positions: 2
Put Value: $3.4M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.3M 302.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.1M 247.0 contracts
Walleye Trading LLC RIA/Wealth	$180.5K 41.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.4M 773.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

Institutions with EXLS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	Jose Manuel Munoz Quiroga Managing Partner	3.77% $220.0M	3.09% 5.0M shares	Q1 2020 Held for 5y 8m	$5.8B
NEUMEIER POMA INVESTMENT COUNSEL LLC Long Only Manager	Brian David Poma CEO	3.64% $44.5M	0.63% 1.0M shares	Q2 2017 Held for 8y 5m	$1.2B
W West Tower Group, LLC Fund of Funds	Charles Hubert Gatling Honey CIO	3.53% $1.2M	0.02% 27.7K shares	Q2 2024 Held for 1y 5m	$34.5M
A Atairos Group, Inc. Private Equity	Michael James Angelakis CEO	3.46% $68.3M	0.96% 1.6M shares	Q3 2021 Held for 4y 2m	$2.0B
FENIMORE ASSET MANAGEMENT INC Long Only Manager	Anne B. Putnam CEO	2.48% $122.8M	1.73% 2.8M shares	Q4 2016 Held for 8y 11m	$5.0B
S Summit Creek Advisors LLC Long Only Manager	Adam Nathan Benson Managing Partner	2.42% $16.6M	0.23% 377.0K shares	Q3 2018 Held for 7y 2m	$686.1M
Q QSV Equity Investors LLC Institution	-	1.95% $1.9M	0.03% 43.4K shares	Q4 2023 Held for 1y 11m	$97.9M
Tributary Capital Management, LLC Long Only Manager	Mark Alan Wynegar President	1.87% $39.3M	0.55% 893.2K shares	Q3 2015 Held for 10y 2m	$2.1B
Bridge City Capital, LLC Long Only Manager	Alexander Jackson Woodward President	1.63% $6.1M	0.09% 138.8K shares	Q2 2023 Held for 2y 5m	$374.5M
2 2Xideas AG Institution	-	1.32% $6.2M	0.09% 141.4K shares	Q4 2024 Held for 11 months	$473.6M

Hedge Fund Spotlight

Discover hedge funds investing in EXLS

SHAKER INVESTMENTS LLC/OH

Hedge Fund • Long/Short

Portfolio ManagerEdward Paul Hemmelgarn

Portfolio Value: $249.9M
Positions: 97
Last Reported: Q3 2025

Sector Allocation

Position in ExlService Holdings

Market Value: $599.6K
Shares Held: 13.6K
Portfolio Weight: 0.24%
Owned Since: 2024-Q3

Top Holding	Sector	Market Value	Weight
1 Axos Financial AX	Banks - Regional Financial Services	$33.8M	13.54%
2 Broadcom Inc. AVGO	Semiconductors Technology	$12.3M	4.92%
3 Nvidia NVDA	Semiconductors Technology	$12.3M	4.92%