Institutional Advisers Report 3.9% Stake in Xponential Fitness (XPOF)

Rhea-AI Filing Summary

Xponential Fitness Schedule 13G/A shows Ameriprise Financial, Inc. and affiliated Columbia advisers report shared voting and dispositive power over roughly 1.35 million shares of Class A common stock. The filing breaks out 1,354,250 shares for Ameriprise and Columbia Management and 1,352,429 shares for Columbia Wanger Asset Management.

Those positions are reported as representing 3.9% of the Class A shares and are disclosed as shared voting and shared dispositive power with no sole voting or sole dispositive power indicated. Each reporting person disclaims beneficial ownership and the filing includes exhibits identifying subsidiaries involved and a joint filing agreement.

Insights

Financial Analyst

TL;DR: Institutional holders report modest, non-controlling stakes (~3.9%), a routine disclosure of managed positions rather than a control intent.

The Schedule 13G/A shows Ameriprise and its affiliated advisers exercise shared voting and dispositive power over approximately 1.35 million Class A shares, with no sole voting or dispositive power reported. At ~3.9% of the class, this holding is below the 5% threshold that typically signals larger influence. The advisers' disclaimers of beneficial ownership and the classification as investment advisers are consistent with portfolio management activity rather than activist or control-oriented positioning.

Corporate Governance Expert

TL;DR: Filing provides transparency into ownership and structure but contains no indicators of a change in control or governance intentions.

The report notes Ameriprise as parent and two affiliated advisory entities with nearly identical reported shared powers, and it attaches exhibits identifying subsidiaries and a joint filing agreement. The absence of sole voting/dispositive power and the explicit disclaimer of beneficial ownership limit governance implications; this appears to be a compliance disclosure of managed holdings rather than an attempt to influence issuer control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Xponential Fitness, Inc

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

98422X101

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 98422X101

1

Names of Reporting Persons

Ameriprise Financial, Inc.

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

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,354,250.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,354,250.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,354,250.00

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)

3.9 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 98422X101

1

Names of Reporting Persons

Columbia Management Investment Advisers, 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

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,354,250.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,354,250.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,354,250.00

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)

3.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 98422X101

1

Names of Reporting Persons

Columbia Wanger Asset Management, 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

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,352,429.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,352,429.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,352,429.00

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)

3.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Xponential Fitness, Inc
(b)	Address of issuer's principal executive offices: 17877 Von Karman Ave., Suite 100, Irvine, CA 92614
Item 2.
(a)	Name of person filing: (a) Ameriprise Financial, Inc. ("AFI") (b) Columbia Management Investment Advisers, LLC ("CMIA") (c) Columbia Wanger Asset Management, LLC ("CWAM")
(b)	Address or principal business office or, if none, residence: (a) 145 Ameriprise Financial Center, Minneapolis, MN 55474 (b) 290 Congress Street, Boston, MA 02210 (c) 71 S Wacker Dr., Suite 2500, Chicago, IL 60606
(c)	Citizenship: (a) Delaware (b) Minnesota (c) Delaware
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: 98422X101
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: Incorporated by reference to Items (5)-(9) and (11) of the cover page pertaining to each reporting person. AFI, as the parent company of CMIA and CWAM, may be deemed to beneficially own the shares reported herein by those reporting persons. Accordingly, the shares reported herein by AFI include those shares separately reported herein by those reporting persons. Each of AFI, CMIA and CWAM disclaims beneficial ownership of any shares reported on this Schedule.
(b)	Percent of class: The information required by Item 4(b) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c) is set forth in Rows (5)-(9) and (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. AFI: See Exhibit I
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.

Ameriprise Financial, Inc.

Signature:	/s/ Michael G. Clarke
Name/Title:	Michael G. Clarke, Senior Vice President, North America Head of Operations & Investor Services
Date:	08/14/2025

Columbia Management Investment Advisers, LLC

Signature:	/s/ Michael G. Clarke
Name/Title:	Michael G. Clarke, Senior Vice President, North America Head of Operations & Investor Services
Date:	08/14/2025

Columbia Wanger Asset Management, LLC

Signature:	/s/ Michael G. Clarke
Name/Title:	Michael G. Clarke, Chief Financial Officer and Assistant Treasurer
Date:	08/14/2025

Comments accompanying signature: Contact Information Charles Chiesa VP Fund Treasurer Global Operations and Investor Services Telephone: 617-385-9593 Exhibit Index Exhibit I Identification and Classification of the Subsidiaries which Acquired the Security Being Reported on by the Parent Holding Company. Exhibit II Joint Filing Agreement

FAQ

How many XPOF Class A shares does Ameriprise report controlling?

Ameriprise and Columbia Management report shared voting and dispositive power over 1,354,250 shares of XPOF Class A common stock.

What stake of Xponential Fitness (XPOF) do these holdings represent?

The reported positions represent 3.9% of the Class A shares for each reporting person listed on the cover pages.

Does any reporting person claim sole voting or dispositive power over the shares?

No; the filing discloses 0 sole voting power and 0 sole dispositive power, with only shared voting and shared dispositive power reported.

Do the reporting entities claim beneficial ownership of the shares?

Each reporting person disclaims beneficial ownership of the shares reported on this Schedule 13G/A.

What additional documents are included with the filing?

The filing references exhibits identifying the subsidiaries that acquired the securities and a joint filing agreement.