New Positions
4 managers initiated
Top five by reported value
- Potomac Capital Management, Inc.$441.1K
- TWO SIGMA INVESTMENTS, LP$28.9K
- TWO SIGMA SECURITIES, LLC$14.6K
- UBS Group AG$1.7K
Xcel Brands Inc NASDAQ NMS - GLOBAL MARKET:XELB
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
4 new5 added1 reduced3 exited
Total Institutional Holders
10
as of 2025-12-31
Top Holder
Potomac Capital Management, Inc.
$441.1K
Largest QoQ Increase
Potomac Capital Management, Inc.
+408,400 sh
Largest QoQ Decrease
CITADEL ADVISORS LLC
-49,841 sh
New Positions(4)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Potomac Capital Management, Inc. | 408,400 | +408,400 | $441.1K | +$441.1K | — |
| TWO SIGMA INVESTMENTS, LP | 26,742 | +26,742 | $28.9K | +$28.9K | — |
| TWO SIGMA SECURITIES, LLC | 13,558 | +13,558 | $14.6K | +$14.6K | — |
| UBS Group AG | 1,593 | +1,593 | $1.7K | +$1.7K | — |
Added To(5)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| MORGAN STANLEY | 10,000 | +9,300 | $10.8K | +$9.6K | 1328.6% |
| DRW Securities, LLC | 34,434 | +17,053 | $37.2K | +$6.6K | 98.1% |
| GEODE CAPITAL MANAGEMENT, LLC | 11,234 | +890 | $12.1K | -$6.1K | 8.6% |
| Tower Research Capital LLC (TRC) | 2,726 | +2,380 | $2.9K | +$2.3K | 687.9% |
| BANK OF AMERICA CORP /DE/ | 25 | +1 | $27 | -$15 | 4.2% |
Reduced(1)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Summit Trail Advisors, LLC | 330,950 | 0 | $357.4K | -$225.0K | 0.0% |
Sold Out(3)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| CITADEL ADVISORS LLC | 0 | -49,841 | $0 | -$87.7K | — |
| VANGUARD GROUP INC | 0 | -11,319 | $0 | -$19.9K | — |
| Quinn Opportunity Partners LLC | 0 | -10,000 | $0 | -$17.6K | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| Potomac Capital Management, Inc. | 408,400 | $441.1K | +408,400 | — |
| Summit Trail Advisors, LLC | 330,950 | $357.4K | 0 | 0.0% |
| DRW Securities, LLC | 34,434 | $37.2K | +17,053 | 98.1% |
| TWO SIGMA INVESTMENTS, LP | 26,742 | $28.9K | +26,742 | — |
| TWO SIGMA SECURITIES, LLC | 13,558 | $14.6K | +13,558 | — |
| GEODE CAPITAL MANAGEMENT, LLC | 11,234 | $12.1K | +890 | 8.6% |
| MORGAN STANLEY | 10,000 | $10.8K | +9,300 | 1328.6% |
| Tower Research Capital LLC (TRC) | 2,726 | $2.9K | +2,380 | 687.9% |
| UBS Group AG | 1,593 | $1.7K | +1,593 | — |
| BANK OF AMERICA CORP /DE/ | 25 | $27 | +1 | 4.2% |
New & Closed Positions this quarter
Closed Positions
3 managers exited
Top five by prior-quarter value
- CITADEL ADVISORS LLC$87.7K
- VANGUARD GROUP INC$19.9K
- Quinn Opportunity Partners LLC$17.6K
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for XELB against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.