XBP Europe Holdings, Inc.

XBP • NASDAQ

XBP Europe Holdings, Inc. is a software - infrastructure company in the technology sector on NASDAQ, led by Andrej Jonovic, with a market cap of $96.7M. As of Q3 2025, 63% of shares are held by 31 institutional investors, with Gates Capital Management, Inc. as the largest holder at 27.17%.

CEOAndrej Jonovic

Market Cap$96.7M

Software - Infrastructure

Technology

Employees1.5K

Websitexbpeurope.com

Country

United States of America

Overview

Overview of institutional ownership in XBP as of Q3 2025 with a market cap of $94.8M

All Institutions

Institutions: 31
Value Held: $59.9M
Shares Held: 74.3M
Avg Position: $1.9M
Median Position: $199.5K

Hedge Funds

Hedge Funds: 4
Value Held: $33.5M
Shares Held: 41.5M
Avg Position: $8.4M
Median Position: $3.9M

Ownership Breakdown

Institutional (non-HF)

27.87%

$26.4M

Hedge Funds

35.32%

$33.5M

Retail & Other

36.81%

$34.9M

Based on market cap of $94.8M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in XBP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Gates Capital Management, Inc. Hedge Fund•Event Driven	Jeffrey Linn Gates President	$25.8M 0.80% of portfolio	27.17% 31.9M shares	Q3 2025 Held for 3 months	$3.2B
L LASRY MARC Institution	-	$9.8M 64.89% of portfolio	10.30% 12.1M shares	Q3 2025 Held for 3 months	$15.1M
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	Vikaran "Nmn" Ghei Managing Partner	$6.4M 0.67% of portfolio	6.70% 7.9M shares	Q3 2025 Held for 3 months	$947.6M
C CANTOR FITZGERALD, L. P. Institution	-	$5.4M 0.11% of portfolio	5.65% 6.6M shares	Q4 2023 Held for 2 years	$5.1B
M Man Group plc Institution	-	$1.8M 0.00% of portfolio	1.92% 2.3M shares	Q3 2025 Held for 3 months	$50.9B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.5M 0.00% of portfolio	1.61% 1.9M shares	Q1 2024 Held for 1y 9m	$6.69T
A Allianz Asset Management AG Institution	-	$1.4M 0.00% of portfolio	1.44% 1.7M shares	Q3 2025 Held for 3 months	$80.9B
C CastleKnight Management LP Hedge Fund•Event Driven	Aaron Michael Weitman CIO	$1.3M 0.07% of portfolio	1.42% 1.7M shares	Q3 2025 Held for 3 months	$1.9B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$1.3M 0.00% of portfolio	1.34% 1.6M shares	Q2 2024 Held for 1y 6m	$1.33T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$1.2M 0.00% of portfolio	1.23% 1.4M shares	Q2 2024 Held for 1y 6m	$5.67T

Net Capital Flow

Institutional buying and selling activity for XBP in Q3 2025

Traded: +$54.5M
Buyers: 29
Sellers: 2
Total Bought: +$54.5M
Total Sold: −$5.4K
Avg Position: $1.8M

Biggest Buyers

Institution	Net Bought	Current Position
Gates Capital Management, Inc. Hedge Fund•Event Driven	+$25.8M +31.9M shares	$25.8M 31.9M shares
L LASRY MARC Institution	+$9.8M +12.1M shares	$9.8M 12.1M shares
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	+$6.4M +7.9M shares	$6.4M 7.9M shares
M Man Group plc Institution	+$1.8M +2.3M shares	$1.8M 2.3M shares
VANGUARD GROUP INC Institution	+$1.5M +1.9M shares	$1.5M 1.9M shares
A Allianz Asset Management AG Institution	+$1.4M +1.7M shares	$1.4M 1.7M shares
C CastleKnight Management LP Hedge Fund•Event Driven	+$1.3M +1.7M shares	$1.3M 1.7M shares
BANK OF AMERICA CORP /DE/ Institution	+$1.3M +1.6M shares	$1.3M 1.6M shares
BlackRock, Inc. Institution	+$1.1M +1.4M shares	$1.2M 1.4M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$877.0K +1.1M shares	$965.9K 1.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
T Tower Research Capital LLC Institution	−$5.4K −5.8K shares	Sold Off 0 shares
S SBI Securities Co., Ltd. Institution	−$1.6 −2.0 shares	$9.0 11.0 shares

Entry and Exit Activity

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

New Positions: 20
New Value: $48.9M
Exited Positions: 1
Exited Value: $5.4K

New Positions

Institution	Position Value
Gates Capital Management, Inc. Hedge Fund•Event Driven	$25.8M 31.9M shares
L LASRY MARC Institution	$9.8M 12.1M shares
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	$6.4M 7.9M shares
M Man Group plc Institution	$1.8M 2.3M shares
A Allianz Asset Management AG Institution	$1.4M 1.7M shares
C CastleKnight Management LP Hedge Fund•Event Driven	$1.3M 1.7M shares
N NOMURA HOLDINGS INC Institution	$863.3K 1.1M shares
LEUCADIA NATIONAL CORP Institution	$504.4K 625.0K shares
N NOMURA ASSET MANAGEMENT CO LTD Long Only Manager	$339.4K 420.6K shares
NORTHERN TRUST CORP Institution	$199.5K 247.2K shares

Exited Positions

Institution	Previous Position
T Tower Research Capital LLC Institution	$5.4K 5.8K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
L LASRY MARC Institution	-	64.89% $9.8M	10.30% 12.1M shares	Q3 2025 Held for 3 months	$15.1M
Gates Capital Management, Inc. Hedge Fund•Event Driven	Jeffrey Linn Gates President	0.80% $25.8M	27.17% 31.9M shares	Q3 2025 Held for 3 months	$3.2B
HoldCo Asset Management, L.P. Hedge Fund•Multi-Strategy	Vikaran "Nmn" Ghei Managing Partner	0.67% $6.4M	6.70% 7.9M shares	Q3 2025 Held for 3 months	$947.6M
Mountain Hill Investment Partners Corp. RIA/Wealth	Andrew John Kaiser CEO	0.28% $318.2K	0.34% 394.3K shares	Q4 2024 Held for 1 year	$114.1M
C CANTOR FITZGERALD, L. P. Institution	-	0.11% $5.4M	5.65% 6.6M shares	Q4 2023 Held for 2 years	$5.1B
C CastleKnight Management LP Hedge Fund•Event Driven	Aaron Michael Weitman CIO	0.07% $1.3M	1.42% 1.7M shares	Q3 2025 Held for 3 months	$1.9B
A Alpine Partners VI, LLC Institution	-	0.05% $193.8K	0.20% 240.1K shares	Q3 2025 Held for 3 months	$423.2M
S Shay Capital LLC Institution	-	0.01% $80.7K	0.09% 100.0K shares	Q1 2025 Held for 9 months	$548.9M
LEUCADIA NATIONAL CORP Institution	Richard B. Handler CEO	0.00% $504.4K	0.53% 625.0K shares	Q3 2025 Held for 3 months	$10.5B
N NOMURA HOLDINGS INC Institution	-	0.00% $863.3K	0.91% 1.1M shares	Q3 2025 Held for 3 months	$18.4B

Hedge Fund Spotlight

Discover hedge funds investing in XBP

Gates Capital Management, Inc.

Hedge Fund • Event Driven

Portfolio ManagerJeffrey Linn Gates

Portfolio Value: $3.2B
Positions: 29
Last Reported: Q3 2025

Sector Allocation

Position in XBP Europe Holdings, Inc.

Market Value: $25.8M
Shares Held: 31.9M
Portfolio Weight: 0.80%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Fortive FTV	Hardware, Equipment & Parts Technology	$194.6M	6.02%
2 Atkore ATKR	Electrical Equipment & Parts Industrials	$184.7M	5.72%
3 Carrier Global CARR	Construction Industrials	$174.8M	5.41%