eXp World Holdings, Inc.

EXPI • NASDAQ

eXp World Holdings, Inc. is a real estate - services company in the real estate sector on NASDAQ, led by Leo Pareja, with a market cap of $1.8B. As of Q3 2025, 40% of shares are held by 220 institutional investors, with VANGUARD GROUP INC as the largest holder at 8.54%.

Chief Executive Officer of eXp Realty, LLCLeo Pareja

Market Cap$1.8B

Real Estate - Services

Real Estate

Employees2.1K

Websiteexpworldholdings.com

Country

United States of America

Overview

Overview of institutional ownership in EXPI as of Q3 2025 with a market cap of $1.7B

All Institutions

Institutions: 220
Value Held: $678.0M
Shares Held: 63.6M
Avg Position: $3.1M
Median Position: $252.1K

Hedge Funds

Hedge Funds: 26
Value Held: $75.9M
Shares Held: 7.1M
Avg Position: $2.9M
Median Position: $1.0M

Ownership Breakdown

Institutional (non-HF)

35.93%

$602.2M

Hedge Funds

4.53%

$75.9M

Retail & Other

59.55%

$998.0M

Based on market cap of $1.7B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in EXPI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$143.1M 0.00% of portfolio	8.54% 13.4M shares	Q3 2018 Held for 7y 2m	$6.69T
B BlackRock, Inc. Institution	-	$135.0M 0.00% of portfolio	8.05% 12.7M shares	Q3 2018 Held for 7y 2m	$5.67T
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$34.1M 0.00% of portfolio	2.04% 3.2M shares	Q2 2018 Held for 7y 5m	$1.33T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$33.6M 0.00% of portfolio	2.01% 3.2M shares	Q3 2018 Held for 7y 2m	$2.88T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	David Allen Lippe CEO	$27.1M 0.04% of portfolio	1.62% 2.5M shares	Q2 2019 Held for 6y 5m	$75.8B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$25.4M 0.00% of portfolio	1.51% 2.4M shares	Q3 2018 Held for 7y 2m	$1.57T
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$22.0M 0.00% of portfolio	1.31% 2.1M shares	Q3 2018 Held for 7y 2m	$620.51B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$16.1M 0.00% of portfolio	0.96% 1.5M shares	Q2 2018 Held for 7y 5m	$1.65T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$16.0M 0.00% of portfolio	0.96% 1.5M shares	Q4 2019 Held for 5y 11m	$691.34B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$13.5M 0.00% of portfolio	0.81% 1.3M shares	Q3 2020 Held for 5y 2m	$466.32B

Net Capital Flow

Institutional buying and selling activity for EXPI in Q3 2025

Net Flow: +$21.8M
Buyers: 90
Sellers: 80
Total Bought: +$64.9M
Total Sold: −$43.1M
Avg Position: $3.1M

Biggest Buyers

Institution	Net Bought	Current Position
VANGUARD GROUP INC Institution	+$16.6M +1.6M shares	$143.1M 13.4M shares
GOLDMAN SACHS GROUP INC Institution	+$7.1M +669.2K shares	$16.0M 1.5M shares
B BlackRock, Inc. Institution	+$4.6M +427.5K shares	$135.0M 12.7M shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$4.1M +382.3K shares	$5.1M 474.4K shares
N Nuveen, LLC Institution	+$3.1M +294.4K shares	$12.3M 1.2M shares
HENDERSON GROUP PLC Institution	+$2.8M +266.5K shares	$3.2M 301.4K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$2.6M +243.1K shares	$5.0M 467.4K shares
A Allianz Asset Management AG Institution	+$2.4M +223.1K shares	$6.3M 592.3K shares
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	+$2.1M +194.1K shares	$22.0M 2.1M shares
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	+$1.9M +177.4K shares	$2.3M 212.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
MORGAN STANLEY RIA/Wealth	−$4.2M −396.0K shares	$16.1M 1.5M shares
P Pacer Advisors, Inc. Institution	−$3.9M −363.9K shares	$5.4M 503.9K shares
UBS Group AG Institution	−$3.8M −358.2K shares	$10.4M 978.6K shares
S Squarepoint Ops LLC Hedge Fund•Quant	−$3.6M −339.0K shares	$1.3M 123.1K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$3.1M −339.6K shares	Sold Off 0 shares
R ROYAL BANK OF CANADA Institution	−$2.2M −207.0K shares	$995.1K 93.3K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$2.0M −191.6K shares	$5.3M 497.1K shares
T TEXAS PERMANENT SCHOOL FUND Institution	−$1.7M −187.0K shares	Sold Off 0 shares
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	−$1.4M −133.4K shares	$862.3K 80.9K shares
D D. E. Shaw & Co., Inc. Institution	−$1.4M −127.2K shares	$2.2M 202.3K shares

Entry and Exit Activity

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

New Positions: 12
New Value: $4.8M
Exited Positions: 24
Exited Value: $8.7M

New Positions

Institution	Position Value
C CANADA PENSION PLAN INVESTMENT BOARD Institution	$2.3M 215.4K shares
A AMG National Trust Bank Institution	$1.2M 111.5K shares
M Mitsubishi UFJ Trust & Banking Corp Institution	$641.6K 60.2K shares
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	$278.5K 26.1K shares
Savant Capital, LLC RIA/Wealth	$220.9K 20.7K shares
A AXQ CAPITAL, LP Hedge Fund•Market Neutral	$131.8K 12.4K shares
S Salomon & Ludwin, LLC Institution	$6.5K 603.0 shares
O Optiver Holding B.V. Institution	$5.4K 508.0 shares
BURKETT FINANCIAL SERVICES, LLC RIA/Wealth	$4.1K 383.0 shares
True Wealth Design, LLC RIA/Wealth	$246.0 23.0 shares

Exited Positions

Institution	Previous Position
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$3.1M 339.6K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.7M 187.0K shares
C CWA Asset Management Group, LLC RIA/Wealth	$844.7K 92.8K shares
Lighthouse Investment Partners, LLC Fund of Funds	$513.5K 56.4K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$376.2K 41.3K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$353.9K 38.9K shares
PFG Advisors RIA/Wealth	$312.8K 34.4K shares
C CAXTON ASSOCIATES LLP Institution	$263.0K 28.9K shares
$US BANCORP \DE\ logo$ US BANCORP \DE\ Institution	$192.0K 21.1K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$171.8K 18.9K shares

Options Activity

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

Call Positions: 7
Call Value: $3.2M
Put Positions: 4
Put Value: $450.9K

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.5M 1.5K contracts
J JANE STREET GROUP, LLC Institution	$626.8K 588.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$587.4K 551.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$179.1K 168.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$135.4K 127.0 contracts
Sonora Investment Management Group, LLC RIA/Wealth	$122.6K 115.0 contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$260.1K 244.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$132.2K 124.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$58.6K 55.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
B Baring Financial LLC RIA/Wealth	Melvin Walter Danson President	3.31% $4.9M	0.29% 455.1K shares	Q4 2024 Held for 11 months	$146.7M
V Valued Retirements, Inc. Institution	-	0.67% $596.5K	0.04% 65.5K shares	Q4 2023 Held for 1y 11m	$88.6M
PDT Partners, LLC Hedge Fund•Quant	Peter (Nmn) Muller CEO	0.22% $3.5M	0.21% 331.5K shares	Q4 2024 Held for 11 months	$1.6B
Prasad Wealth Partners, LLC RIA/Wealth	Anthony Grey Kulka CIO	0.12% $443.0K	0.03% 41.6K shares	Q1 2025 Held for 8 months	$355.8M
Optimize Financial Inc RIA/Wealth	Casey Elizabeth Witters CEO	0.09% $173.3K	0.01% 16.3K shares	Q4 2024 Held for 11 months	$192.0M
Everhart Financial Group, Inc. RIA/Wealth	Richard Scott Everhart President	0.06% $600.8K	0.04% 56.4K shares	Q2 2023 Held for 2y 5m	$998.1M
OCCUDO QUANTITATIVE STRATEGIES LP Hedge Fund•Market Neutral	Ricky Xiaoxiao Shi Partner	0.06% $484.7K	0.03% 45.5K shares	Q3 2025 Held for 2 months	$821.7M
A AXQ CAPITAL, LP Hedge Fund•Market Neutral	Taro Hsu Kuriyama COO	0.05% $131.8K	0.01% 12.4K shares	Q3 2025 Held for 2 months	$261.9M
A ARP AMERICAS LLC Hedge Fund•Long/Short	Joshua Seth Sweren Managing Partner	0.05% $267.6K	0.02% 25.1K shares	Q3 2025 Held for 2 months	$544.4M
Precision Wealth Strategies, LLC RIA/Wealth	Darin Jerome Robinson CEO	0.05% $147.2K	0.01% 13.8K shares	Q1 2024 Held for 1y 8m	$307.8M

Hedge Fund Spotlight

Discover hedge funds investing in EXPI

BALYASNY ASSET MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDmitry Balyasny

Portfolio Value: $48.1B
Positions: 1,894
Last Reported: Q3 2025

Sector Allocation

Position in eXp World Holdings, Inc.

Market Value: $1.1M
Shares Held: 106.4K
Portfolio Weight: 0.00%
Owned Since: 2021-Q2

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