Exagen Inc.

XGN • NASDAQ

Exagen Inc. is a medical - diagnostics & research company in the healthcare sector on NASDAQ, led by John Aballi, with a market cap of $161.1M. As of Q3 2025, 41% of shares are held by 62 institutional investors, with RTW INVESTMENTS, LLC as the largest holder at 7.71%.

President and Chief Executive OfficerJohn Aballi

Market Cap$161.1M

Medical - Diagnostics & Research

Healthcare

Employees179.0

Websiteexagen.com

Country

United States of America

Overview

Overview of institutional ownership in XGN as of Q3 2025 with a market cap of $241.8M

All Institutions

Institutions: 62
Value Held: $99.5M
Shares Held: 9.1M
Avg Position: $1.6M
Median Position: $621.3K

Hedge Funds

Hedge Funds: 13
Value Held: $42.7M
Shares Held: 3.9M
Avg Position: $3.3M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

23.49%

$56.8M

Hedge Funds

17.64%

$42.7M

Retail & Other

58.86%

$142.3M

Based on market cap of $241.8M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in XGN as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
RTW INVESTMENTS, LLC Hedge Fund•Sector	Peter M Fong President	$18.6M 0.23% of portfolio	7.71% 1.7M shares	Q3 2019 Held for 6y 2m	$8.1B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$8.1M 0.00% of portfolio	3.34% 733.8K shares	Q3 2019 Held for 6y 2m	$6.69T
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dmitry Balyasny CIO	$8.0M 0.02% of portfolio	3.29% 723.4K shares	Q2 2025 Held for 5 months	$48.1B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$7.4M 0.00% of portfolio	3.07% 675.2K shares	Q3 2025 Held for 2 months	$633.08B
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	Donald M Cobin CEO	$6.1M 0.13% of portfolio	2.51% 551.8K shares	Q2 2024 Held for 1y 5m	$4.5B
SILVERCREST ASSET MANAGEMENT GROUP LLC RIA/Wealth	Richard Ralston Hough CEO	$5.7M 0.04% of portfolio	2.36% 519.5K shares	Q1 2021 Held for 4y 8m	$15.1B
WEXFORD CAPITAL LP Hedge Fund•Multi-Strategy	Charles Eugene Davidson Chairman	$4.9M 1.48% of portfolio	2.02% 444.9K shares	Q2 2025 Held for 5 months	$330.0M
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	Dan Michael Berkovitz Chairman	$2.7M 0.00% of portfolio	1.12% 247.2K shares	Q3 2025 Held for 2 months	$121.98B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$2.6M 0.00% of portfolio	1.08% 238.0K shares	Q2 2025 Held for 5 months	$62.0B
R Russell Investments Group, Ltd. RIA/Wealth	Harry Leslie Russell President	$2.5M 0.00% of portfolio	1.04% 229.1K shares	Q2 2025 Held for 5 months	$87.9B

Net Capital Flow

Institutional buying and selling activity for XGN in Q3 2025

Traded: +$19.9M
Buyers: 46
Sellers: 18
Total Bought: +$30.8M
Total Sold: −$10.9M
Avg Position: $1.4M

Biggest Buyers

Institution	Net Bought	Current Position
Invesco Ltd. ETF Provider	+$7.4M +675.2K shares	$7.4M 675.2K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$2.7M +247.2K shares	$2.7M 247.2K shares
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	+$2.6M +241.1K shares	$6.1M 551.8K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$2.2M +202.2K shares	$2.2M 202.2K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$1.9M +175.0K shares	$2.6M 238.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$1.3M +116.2K shares	$1.3M 116.2K shares
J JANE STREET GROUP, LLC Institution	+$1.1M +102.3K shares	$1.1M 102.3K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$1.1M +101.2K shares	$1.3M 113.8K shares
E EHP Funds Inc. Institution	+$998.0K +90.8K shares	$998.0K 90.8K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$924.3K +84.1K shares	$924.3K 84.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
UBS Group AG Institution	−$3.9M −356.2K shares	$989.2K 90.0K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	−$3.4M −480.9K shares	Sold Off 0 shares
M Mink Brook Asset Management LLC Institution	−$989.1K −90.0K shares	$439.6K 40.0K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$951.9K −136.4K shares	Sold Off 0 shares
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	−$427.1K −61.2K shares	Sold Off 0 shares
Palumbo Wealth Management LLC RIA/Wealth	−$312.0K −28.4K shares	$413.5K 37.6K shares
Q Quadrature Capital Ltd Institution	−$214.7K −19.6K shares	$124.8K 11.4K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$146.6K −21.0K shares	Sold Off 0 shares
SILVERCREST ASSET MANAGEMENT GROUP LLC RIA/Wealth	−$135.2K −12.3K shares	$5.7M 519.5K shares
CITIZENS FINANCIAL GROUP INC/RI Institution	−$110.8K −10.1K shares	$632.1K 57.5K shares

Entry and Exit Activity

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

New Positions: 11
New Value: $11.7M
Exited Positions: 9
Exited Value: $5.1M

New Positions

Institution	Position Value
Invesco Ltd. ETF Provider	$7.4M 675.2K shares
J JANE STREET GROUP, LLC Institution	$1.1M 102.3K shares
E EHP Funds Inc. Institution	$998.0K 90.8K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$924.3K 84.1K shares
Engineers Gate Manager LP Hedge Fund•Quant	$452.6K 41.2K shares
N NKCFO LLC RIA/Wealth	$439.6K 40.0K shares
Trexquant Investment LP Hedge Fund•Quant	$122.0K 11.1K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$113.0K 10.3K shares
Larson Financial Group LLC RIA/Wealth	$104.5K 9.5K shares
CWM, LLC RIA/Wealth	$15.4K 1.4K shares

Exited Positions

Institution	Previous Position
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	$3.4M 480.9K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$951.9K 136.4K shares
N Nantahala Capital Management, LLC Hedge Fund•Multi-Strategy	$427.1K 61.2K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$146.6K 21.0K shares
C CI Private Wealth, LLC RIA/Wealth	$101.6K 14.6K shares
V Virtu Financial LLC Institution	$70.1K 10.0K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$10.9K 1.6K shares
LAZARD ASSET MANAGEMENT LLC Long Only Manager	$8.4K 1.2K shares
FMR LLC Institution	$2.5K 357.0 shares

Options Activity

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

Call Positions: 2
Call Value: $282.4K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$152.8K 139.0 contracts
J JANE STREET GROUP, LLC Institution	$129.7K 118.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
F FourWorld Capital Management LLC Institution	-	6.05% $2.5M	1.03% 227.0K shares	Q2 2025 Held for 5 months	$41.3M
WEXFORD CAPITAL LP Hedge Fund•Multi-Strategy	Charles Eugene Davidson Chairman	1.48% $4.9M	2.02% 444.9K shares	Q2 2025 Held for 5 months	$330.0M
E EHP Funds Inc. Institution	-	1.37% $998.0K	0.41% 90.8K shares	Q3 2025 Held for 2 months	$72.6M
M Massar Capital Management, LP Institution	-	0.69% $1.9M	0.77% 170.0K shares	Q1 2025 Held for 8 months	$269.6M
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short	Mark Allen Broach Managing Partner	0.68% $1.9M	0.80% 175.0K shares	Q2 2025 Held for 5 months	$282.7M
M Mink Brook Asset Management LLC Institution	-	0.30% $439.6K	0.18% 40.0K shares	Q2 2025 Held for 5 months	$144.8M
RTW INVESTMENTS, LLC Hedge Fund•Sector	Peter M Fong President	0.23% $18.6M	7.71% 1.7M shares	Q3 2019 Held for 6y 2m	$8.1B
PERKINS CAPITAL MANAGEMENT INC RIA/Wealth	Harry Allen Lee Lindberg President	0.19% $220.6K	0.09% 20.1K shares	Q3 2020 Held for 5y 2m	$113.5M
Huntleigh Advisors, Inc. RIA/Wealth	Michael Barry Rowan President	0.18% $1.0M	0.42% 93.4K shares	Q4 2024 Held for 11 months	$586.1M
N NKCFO LLC RIA/Wealth	Timothy G Tymniak CCO	0.16% $439.6K	0.18% 40.0K shares	Q3 2025 Held for 2 months	$272.8M

Hedge Fund Spotlight

Discover hedge funds investing in XGN

OCCUDO QUANTITATIVE STRATEGIES LP

Hedge Fund • Market Neutral

Portfolio ManagerRicky Xiaoxiao Shi

Portfolio Value: $821.7M
Positions: 644
Last Reported: Q3 2025

Sector Allocation

Position in Exagen Inc.

Market Value: $229.3K
Shares Held: 20.9K
Portfolio Weight: 0.03%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 Lam Research LRCX	Semiconductors Technology	$9.4M	1.15%
2 Intuitive Surgical ISRG	Medical - Instruments & Supplies Healthcare	$9.4M	1.15%
3 Costco Wholesale COST	Discount Stores Consumer Defensive	$9.3M	1.14%