| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| D LOREN ROBERT W | 19% | $1,613,111 | 911,362 | Robert W. D'Loren | 01 Aug 2025 | |||
| Potomac Capital Management, Inc. | 10% | +15% | $795,336 | +$238,620 | 584,806 | +43% | Paul J. Solit | 31 Dec 2025 |
| DiSanto Mark | 7.4% | $541,886 | 354,174 | Mark DiSanto | 01 Aug 2025 |
As of 31 Dec 2025, 10 institutional investors reported holding 839,662 shares of XCel Brands, Inc. - Common Stock, $0.001 par value per share (XELB). This represents 14% of the company’s total 5,853,914 outstanding shares.
The largest institutional shareholders of XCel Brands, Inc. - Common Stock, $0.001 par value per share (XELB) together control 14% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Potomac Capital Management, Inc. | 7% | 408,400 | 0% | 0.37% | $441,072 |
| Summit Trail Advisors, LLC | 5.7% | 330,950 | 0% | 0.01% | $357,426 |
| DRW Securities, LLC | 0.59% | 34,434 | +98% | 0% | $37,188 |
| TWO SIGMA INVESTMENTS, LP | 0.46% | 26,742 | 0% | $28,881 | |
| TWO SIGMA SECURITIES, LLC | 0.23% | 13,558 | 0% | $14,643 | |
| GEODE CAPITAL MANAGEMENT, LLC | 0.19% | 11,234 | +8.6% | 0% | $12,135 |
| MORGAN STANLEY | 0.17% | 10,000 | +1329% | 0% | $10,800 |
| Tower Research Capital LLC (TRC) | 0.05% | 2,726 | +688% | 0% | $2,944 |
| UBS Group AG | 0.03% | 1,593 | 0% | $1,720 | |
| BANK OF AMERICA CORP /DE/ | 0% | 25 | +4.2% | 0% | $27 |
| Quinn Opportunity Partners LLC | 0% | 0 | -100% | $0 | |
| CITADEL ADVISORS LLC | 0% | 0 | -100% | $0 | |
| VANGUARD GROUP INC | 0% | 0 | -100% | $0 |