Xn Lp

XN LP is an SEC-registered investment adviser that provides discretionary investment management to pooled private funds and affiliated co‑investment vehicles offered to institutional and other sophisticated investors. As of December 31, 2025 (with a March 1, 2026 update for a post‑year fund), XN reported approximately $7.41 billion in regulatory assets under management and manages multiple feeder/master and special‑purpose funds including Exponent, Vector and Amplify series.

The firm pursues a concentrated, research‑driven strategy that invests across public and private markets, generally running 10–15 core long positions in public equities while integrating private investments into the same investment program. XN uses long/short positions, derivatives and leverage (including a levered Amplify fund), and it incorporates alternative data and certain AI tools into its analysis and execution, operating with broad discretionary authority under each fund’s governing documents.

Compared with many managers of pooled vehicles, XN and certain affiliates trade commodity interests and state that they operate under an exemption from CFTC registration as a commodity pool operator/trading advisor (CFTC Rule 4.13(a)(3)), which adds commodity‑trading activity to its fund programs. The firm also discloses significant principal investment by its founder in flagship funds, the use of co‑investment vehicles alongside master funds, and occasional exposure to digital‑asset instruments — factors that can influence allocation, liquidity and conflict‑management considerations relative to peers.