Exponent

EXPO • NASDAQ

Exponent is a consulting services company in the industrials sector on NASDAQ, led by Steven J. Murray, with a market cap of $3.7B. As of Q3 2025, 93% of shares are held by 348 institutional investors, with BlackRock, Inc. as the largest holder at 12.02%.

Steven J. Murray

Market Cap$3.7B

Consulting Services

Industrials

Employees1.3K

Websiteexponent.com

Country

United States of America

Overview

Overview of institutional ownership in EXPO as of Q3 2025 with a market cap of $3.5B

All Institutions

Institutions: 348
Value Held: $3.3B
Shares Held: 47.1M
Avg Position: $9.4M
Median Position: $545.5K

Hedge Funds

Hedge Funds: 40
Value Held: $229.5M
Shares Held: 3.3M
Avg Position: $5.7M
Median Position: $1.6M

Ownership Breakdown

Institutional (non-HF)

86.66%

$3.0B

Hedge Funds

6.54%

$229.5M

Retail & Other

6.79%

$238.4M

Based on market cap of $3.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in EXPO as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$421.6M 0.01% of portfolio	12.02% 6.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$364.8M 0.01% of portfolio	10.40% 5.3M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	George Robert Aylward CEO	$311.9M 0.76% of portfolio	8.89% 4.5M shares	≤ Q2 2013 Held for 12y 5m+	$41.0B
Conestoga Capital Advisors, LLC Long Only Manager	Joseph Francis Monahan Partner	$164.1M 2.63% of portfolio	4.68% 2.4M shares	Q3 2015 Held for 10y 2m	$6.2B
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	Jose Manuel Munoz Quiroga Managing Partner	$129.1M 2.21% of portfolio	3.68% 1.9M shares	Q1 2020 Held for 5y 8m	$5.8B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$129.1M 0.00% of portfolio	3.68% 1.9M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$110.7M 0.01% of portfolio	3.15% 1.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
N Neuberger Berman Group LLC Institution	-	$108.6M 0.08% of portfolio	3.10% 1.6M shares	≤ Q2 2013 Held for 12y 5m+	$136.94B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$77.4M 0.00% of portfolio	2.21% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$62.3M 0.01% of portfolio	1.77% 896.0K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B

Net Capital Flow

Institutional buying and selling activity for EXPO in Q3 2025

Traded: −$54.7M
Buyers: 160
Sellers: 197
Total Bought: +$250.0M
Total Sold: −$304.6M
Avg Position: $8.2M

Biggest Buyers

Institution	Net Bought	Current Position
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$32.7M +471.0K shares	$32.7M 471.0K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$29.8M +428.6K shares	$29.8M 428.6K shares
FIRST TRUST ADVISORS LP ETF Provider	+$23.2M +334.2K shares	$40.3M 580.1K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$22.9M +329.8K shares	$22.9M 329.8K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$16.7M +240.4K shares	$19.2M 276.3K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$10.0M +143.4K shares	$17.7M 254.7K shares
R Resona Asset Management Co.,Ltd. Institution	+$7.6M +109.2K shares	$49.0M 705.3K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$7.3M +104.5K shares	$19.9M 286.0K shares
B BNP PARIBAS ARBITRAGE, SA Institution	+$6.7M +96.6K shares	$13.9M 199.5K shares
N Nearwater Capital Markets, Ltd Institution	+$6.6M +95.3K shares	$6.6M 95.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
Fundsmith LLP Long Only Manager	−$55.8M −746.8K shares	Sold Off 0 shares
Conestoga Capital Advisors, LLC Long Only Manager	−$23.9M −344.6K shares	$164.1M 2.4M shares
TimesSquare Capital Management, LLC Long Only Manager	−$21.9M −292.5K shares	Sold Off 0 shares
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	−$20.9M −301.1K shares	$311.9M 4.5M shares
R ROYAL BANK OF CANADA Institution	−$20.5M −295.5K shares	$21.2M 305.4K shares
JPMORGAN CHASE & CO Institution	−$10.9M −157.5K shares	$33.4M 480.6K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$9.1M −130.3K shares	$9.9M 142.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$7.3M −105.3K shares	$17.2M 247.0K shares
AMERIPRISE FINANCIAL INC Institution	−$7.1M −101.6K shares	$12.6M 181.3K shares
Q Qube Research & Technologies Ltd Institution	−$6.9M −99.9K shares	$8.3M 118.8K shares

Entry and Exit Activity

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

New Positions: 21
New Value: $8.3M
Exited Positions: 49
Exited Value: $110.6M

New Positions

Institution	Position Value
N Nearwater Capital Markets, Ltd Institution	$6.6M 95.3K shares
SP Asset Management LLC Fund of Funds	$343.3K 4.9K shares
I Inscription Capital, LLC RIA/Wealth	$318.3K 4.6K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$286.7K 3.4K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$210.5K 3.0K shares
AE Wealth Management LLC RIA/Wealth	$205.5K 3.0K shares
IEQ CAPITAL, LLC RIA/Wealth	$200.1K 2.9K shares
P Pilgrim Partners Asia Pte Ltd Institution	$38.2K 550.0 shares
R Root Financial Partners, LLC RIA/Wealth	$5.7K 82.0 shares
Grey Fox Wealth Advisors, LLC RIA/Wealth	$4.7K 67.0 shares

Exited Positions

Institution	Previous Position
Fundsmith LLP Long Only Manager	$55.8M 746.8K shares
TimesSquare Capital Management, LLC Long Only Manager	$21.9M 292.5K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$6.5M 87.5K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$6.0M 79.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.8M 64.1K shares
C CAXTON ASSOCIATES LLP Institution	$2.4M 31.7K shares
DIAM Co., Ltd. Long Only Manager	$1.5M 20.4K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$1.4M 19.3K shares
H Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Institution	$1.2M 15.4K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$684.2K 9.2K shares

Options Activity

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

Call Positions: 4
Call Value: $1.1M
Put Positions: 2
Put Value: $1.2M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$792.1K 114.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$250.1K 36.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$97.3K 14.0 contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.2M 173.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Conestoga Capital Advisors, LLC Long Only Manager	Joseph Francis Monahan Partner	2.63% $164.1M	4.68% 2.4M shares	Q3 2015 Held for 10y 2m	$6.2B
GENEVA CAPITAL MANAGEMENT LTD/WI Long Only Manager	Jose Manuel Munoz Quiroga Managing Partner	2.21% $129.1M	3.68% 1.9M shares	Q1 2020 Held for 5y 8m	$5.8B
M Montanaro Asset Management Ltd Institution	-	2.11% $8.4M	0.24% 121.6K shares	Q4 2020 Held for 4y 11m	$400.4M
ROFFMAN MILLER ASSOCIATES INC /PA/ RIA/Wealth	Robert Peters Miller Founder	1.18% $21.1M	0.60% 303.1K shares	≤ Q2 2013 Held for 12y 5m+	$1.8B
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	George Robert Aylward CEO	0.76% $311.9M	8.89% 4.5M shares	≤ Q2 2013 Held for 12y 5m+	$41.0B
Bridge City Capital, LLC Long Only Manager	Alexander Jackson Woodward President	0.74% $2.8M	0.08% 39.9K shares	Q4 2019 Held for 5y 11m	$374.5M
RIVERBRIDGE PARTNERS LLC Long Only Manager	Mark Albright Thompson Chairman	0.57% $33.6M	0.96% 483.0K shares	Q4 2016 Held for 8y 11m	$5.9B
EULAV Asset Management Long Only Manager	Mitchell Eric Appel CEO	0.50% $21.6M	0.62% 311.6K shares	Q3 2017 Held for 8y 2m	$4.3B
EFG Asset Management Corp. RIA/Wealth	Eduardo Moliterno Da Cruz CEO	0.49% $2.8M	0.08% 40.7K shares	Q1 2024 Held for 1y 8m	$579.2M
Laurus Investment Counsel Inc. Long Only Manager	Chris William Page CEO	0.34% $486.7K	0.01% 7.0K shares	Q1 2022 Held for 3y 8m	$145.2M

Hedge Fund Spotlight

Discover hedge funds investing in EXPO

Numerai GP LLC

Hedge Fund • Quant

Portfolio ManagerRichard Malone Craib

Portfolio Value: $707.9M
Positions: 545
Last Reported: Q3 2025

Sector Allocation

Position in Exponent

Market Value: $1.6M
Shares Held: 23.5K
Portfolio Weight: 0.23%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Costco Wholesale COST	Discount Stores Consumer Defensive	$11.8M	1.66%
2 Manulife Financial MFC	Insurance - Life Financial Services	$10.2M	1.44%
3 IDEX IEX	Industrial - Machinery Industrials	$10.1M	1.43%