XCHG Limited (XCH): Citadel-led group discloses 9.7% beneficial stake on 13G

Rhea-AI Filing Summary

XCHG Limited received a Schedule 13G from a Citadel-affiliated group led by Citadel Advisors LLC and Kenneth Griffin, reporting passive beneficial ownership of its American Depositary Shares (ADSs), each representing 40 Class A ordinary shares.

The reporting persons may be deemed to beneficially own in aggregate up to 272,656,440 Shares, representing 9.7% of the outstanding Shares, based on 2,799,892,915 Shares outstanding as of June 29, 2026. Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC each may be deemed to own 268,590,120 Shares (9.6%); Citadel Securities LLC 4,001,440 Shares (0.1%); and Citadel Securities Group LP and Citadel Securities GP LLC each 4,066,320 Shares (0.1%). Voting and dispositive powers are described as shared for these amounts and zero sole power for each reporting person.

Key Figures

Total Shares Outstanding: 2,799,892,915 Shares Kenneth Griffin Beneficial Ownership: 272,656,440 Shares (9.7%) Citadel Advisors/CAH/CGP Ownership: 268,590,120 Shares (9.6%) +4 more

7 metrics

Total Shares Outstanding 2,799,892,915 Shares Shares outstanding as of June 29, 2026 used for ownership percentages

Kenneth Griffin Beneficial Ownership 272,656,440 Shares (9.7%) Shares Mr. Griffin may be deemed to beneficially own

Citadel Advisors/CAH/CGP Ownership 268,590,120 Shares (9.6%) Shares each of Citadel Advisors LLC, CAH and CGP may be deemed to own

Citadel Securities LLC Ownership 4,001,440 Shares (0.1%) Shares Citadel Securities LLC may be deemed to beneficially own

Citadel Securities Group/GP Ownership 4,066,320 Shares (0.1%) Shares each of Citadel Securities Group LP and Citadel Securities GP LLC may be deemed to own

Registered Direct Transaction Shares 280,000,000 Class A Ordinary Shares New shares issued and included in the outstanding share count

Existing Class A Ordinary Shares 2,519,892,915 Class A Ordinary Shares Class A Ordinary Shares outstanding as of June 25, 2026

Key Terms

Schedule 13G, American Depositary Shares, beneficially own, shared voting power, +2 more

6 terms

Schedule 13G regulatory

"This Schedule 13G is being jointly filed by Citadel Advisors LLC..."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

American Depositary Shares financial

"Title of class of securities: American Depositary Shares ("ADSs"), each representing 40..."

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

beneficially own financial

"may be deemed to beneficially own 268,590,120 Shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

shared voting power financial

"Shared Voting Power 268,590,120.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power financial

"Shared Dispositive Power 268,590,120.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

registered direct transaction financial

"Class A Ordinary Shares issued upon the closing of the registered direct transaction..."

FAQ

What ownership stake in XCH (XCHG Limited) does Kenneth Griffin report on this Schedule 13G?

Kenneth Griffin may be deemed to beneficially own 272,656,440 Shares of XCHG Limited, representing 9.7% of the Shares outstanding, through various Citadel-affiliated entities with shared voting and dispositive power.

How many XCH shares do Citadel Advisors LLC and related entities report owning?

Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may each be deemed to beneficially own 268,590,120 Shares of XCH, which represents 9.6% of the outstanding Shares, with only shared voting and dispositive power reported.

What percentage of XCH’s share class is used to calculate Citadel’s 13G ownership?

The reported ownership percentages are based on 2,799,892,915 Shares outstanding as of June 29, 2026, including 2,519,892,915 existing Class A Ordinary Shares and 280,000,000 new shares from a registered direct transaction.

How much of XCH does Citadel Securities LLC specifically report holding?

Citadel Securities LLC may be deemed to beneficially own 4,001,440 Shares of XCH, which represents 0.1% of the outstanding Shares, with shared voting and shared dispositive power and no sole authority reported.

What security class of XCH is covered by this Citadel Schedule 13G?

The filing covers American Depositary Shares (ADSs) of XCHG Limited, with each ADS representing 40 Class A Ordinary Shares of par value US$0.00001 per share, identified by CUSIP number 98370X103.

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Available on EDGAR 08/14/2026 - 04:19 PM Accepted by SEC EDGAR 08/14/2026 - 04:11 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

XCHG Limited

(Name of Issuer)

American Depositary Shares ("ADSs"), each representing 40 Class A Ordinary Shares, par value US$0.00001 per share (the "Shares").

(Title of Class of Securities)

98370X103

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 98370X103

1

Names of Reporting Persons

Citadel Advisors LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 268,590,120.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 268,590,120.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

268,590,120.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.6 %

12

Type of Reporting Person (See Instructions)

IA, HC, OO

Comment for Type of Reporting Person: The percentages reported in this Schedule 13G are based upon 2,799,892,915 Shares outstanding as of June 29, 2026, comprised of (i) 2,519,892,915 Class A Ordinary Shares outstanding as of June 25, 2026 (according to the issuer's prospectus as filed with the Securities and Exchange Commission on June 29, 2026), and (ii) 280,000,000 Class A Ordinary Shares issued upon the closing of the registered direct transaction disclosed in that prospectus.

SCHEDULE 13G

CUSIP Number(s): 98370X103

1

Names of Reporting Persons

Citadel Advisors Holdings LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 268,590,120.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 268,590,120.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

268,590,120.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.6 %

12

Type of Reporting Person (See Instructions)

HC, PN

SCHEDULE 13G

CUSIP Number(s): 98370X103

1

Names of Reporting Persons

Citadel GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 268,590,120.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 268,590,120.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

268,590,120.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.6 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): 98370X103

1

Names of Reporting Persons

Citadel Securities LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,001,440.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,001,440.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,001,440.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

BD, OO

SCHEDULE 13G

CUSIP Number(s): 98370X103

1

Names of Reporting Persons

Citadel Securities Group LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,066,320.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,066,320.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,066,320.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

HC, PN

SCHEDULE 13G

CUSIP Number(s): 98370X103

1

Names of Reporting Persons

Citadel Securities GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,066,320.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,066,320.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,066,320.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): 98370X103

1

Names of Reporting Persons

Kenneth Griffin

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 272,656,440.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 272,656,440.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

272,656,440.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.7 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: XCHG Limited
(b)	Address of issuer's principal executive offices: XCharge Europe GmbH, Heselstucken 18, Hamburg, Germany 22453
Item 2.
(a)	Name of person filing: This Schedule 13G is being jointly filed by Citadel Advisors LLC ("Citadel Advisors"), Citadel Advisors Holdings LP ("CAH"), Citadel GP LLC ("CGP"), Citadel Securities LLC ("Citadel Securities"), Citadel Securities Group LP ("CALC4"), Citadel Securities GP LLC ("CSGP") and Mr. Kenneth Griffin (collectively with Citadel Advisors, CAH, CGP, Citadel Securities, CALC4 and CSGP, the "Reporting Persons") with respect to the Shares of the above-named issuer held of record by Citadel CEMF Investments Ltd., a Cayman Islands limited company ("CCIL"), Citadel Securities and CRBU Holdings LLC, a Delaware limited liability company ("CRBH"). Such Shares may include other instruments exercisable for or convertible into Shares. Citadel Advisors is the portfolio manager for CCIL. CAH is the sole member of Citadel Advisors. CGP is the general partner of CAH. CALC4 is the non-member manager of Citadel Securities and CRBH. CSGP is the general partner of CALC4. Mr. Griffin is the President and Chief Executive Officer of CGP, and owns a controlling interest in CGP and CSGP.
(b)	Address or principal business office or, if none, residence: The address of each of the Reporting Persons is 830 Brickell Plaza, Miami, Florida 33131.
(c)	Citizenship: Each of Citadel Advisors, CGP, Citadel Securities and CSGP is organized as a limited liability company under the laws of the State of Delaware. Each of CALC4 and CAH is organized as a limited partnership under the laws of the State of Delaware. Mr. Griffin is a U.S. citizen.
(d)	Title of class of securities: American Depositary Shares ("ADSs"), each representing 40 Class A Ordinary Shares, par value US$0.00001 per share (the "Shares").
(e)	CUSIP Number(s): 98370X103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own 268,590,120 Shares. 2. Citadel Securities LLC may be deemed to beneficially own 4,001,440 Shares. 3. Each of Citadel Securities Group LP and Citadel Securities GP LLC may be deemed to beneficially own 4,066,320 Shares. 4. Mr. Griffin may be deemed to beneficially own 272,656,440 Shares.
(b)	Percent of class: 1. The number of Shares that each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own constitutes 9.6% of the Shares outstanding. 2. The number of Shares that Citadel Securities LLC may be deemed to beneficially own constitutes 0.1% of the Shares outstanding. 3. The number of Shares that each of Citadel Securities Group LP and Citadel Securities GP LLC may be deemed to beneficially own constitutes 0.1% of the Shares outstanding. 4. The number of Shares that Mr. Griffin may be deemed to beneficially own constitutes 9.7% of the Shares outstanding.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 0 2. Citadel Securities LLC: 0 3. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 0 4. Mr. Griffin: 0
	(ii) Shared power to vote or to direct the vote: 1. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 268,590,120 2. Citadel Securities LLC: 4,001,440 3. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 4,066,320 4. Mr. Griffin: 272,656,440
	(iii) Sole power to dispose or to direct the disposition of: 1. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 0 2. Citadel Securities LLC: 0 3. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 0 4. Mr. Griffin: 0
	(iv) Shared power to dispose or to direct the disposition of: 1. Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC: 268,590,120 2. Citadel Securities LLC: 4,001,440 3. Each of Citadel Securities Group LP and Citadel Securities GP LLC: 4,066,320 4. Mr. Griffin: 272,656,440
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Citadel Advisors LLC

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/14/2026

Citadel Advisors Holdings LP

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/14/2026

Citadel GP LLC

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/14/2026

Citadel Securities LLC

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/14/2026

Citadel Securities Group LP

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/14/2026

Citadel Securities GP LLC

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, Authorized Signatory
Date:	08/14/2026

Kenneth Griffin

Signature:	/s/ Seth Levy
Name/Title:	Seth Levy, attorney-in-fact*
Date:	08/14/2026

Comments accompanying signature: * Seth Levy is signing on behalf of Kenneth Griffin as attorney-in-fact pursuant to a power of attorney previously filed with the Securities and Exchange Commission, and hereby incorporated by reference herein. The power of attorney was filed as an attachment to a filing by Citadel Advisors LLC on Schedule 13G for Allakos Inc. on October 13, 2023.

Exhibit Information

Exhibit 99.1 - Joint Filing Agreement