SCHEDULE: Toronto-Dominion Bank Reports Stake in Xencor

The Toronto-Dominion Bank and TD Securities Inc. have reported beneficial ownership of 5.2% of Xencor Inc.'s common stock as of September 30, 2026.

Summary

• The Toronto-Dominion Bank (TD Bank) and its subsidiary TD Securities Inc. (TDSI) have filed a Schedule 13G.
• This filing indicates their beneficial ownership of 3,871,396 shares of Xencor Inc. common stock.
• This ownership represents 5.2% of the class of securities.
• The date of the event requiring this filing is September 30, 2026.
• TD Bank is the sole owner of TDSI, and TD Bank may be deemed to hold an indirect interest in shares reported by TDSI.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting a change in beneficial ownership without new strategic or financial performance information.

Positives

• The filing clearly outlines the beneficial ownership of a significant financial institution in Xencor Inc.
• The reporting is conducted in compliance with SEC regulations, indicating transparency.

Negatives

• The filing does not provide any new financial performance data or strategic updates for Xencor Inc.
• The information is purely a disclosure of ownership, offering no insight into the company's operational health.

Risks

• Potential for increased institutional investor influence on Xencor Inc.'s corporate decisions.
• Market perception could be affected by the increased stake, though the filing itself doesn't detail the intent behind the acquisition.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Xencor Inc.'s future performance. It solely reports on ownership.

Management Comments

• TD Bank and TDSI jointly filed this statement, confirming their agreement to report beneficial ownership.
• Each reporting person declares that the filing does not constitute an admission of acting as a group for the purpose of acquiring, holding, or disposing of securities, or influencing control of the issuer.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors acquiring a significant stake in a public company. This filing indicates a notable investment by a major Canadian financial institution in a biotechnology company like Xencor.

Related Party Transactions

• The Toronto-Dominion Bank is the sole owner of TD Securities Inc. TD Bank may be deemed to hold an indirect interest in the shares reported herein by TDSI.

Stakeholder Impact

• Shareholders: May view the increased institutional ownership positively, potentially indicating confidence in the company's future, or neutrally as a standard investment disclosure.
• Management: May need to engage with new significant institutional investors regarding company strategy and performance.
• Creditors: Unlikely to be directly impacted by this ownership disclosure.

Next Steps

• Continued monitoring of Xencor Inc.'s stock performance and any further filings by The Toronto-Dominion Bank or TD Securities Inc.
• Observation of any strategic actions or statements from Xencor Inc. in light of this new significant shareholder.

Key Dates

Keywords

Xencor Inc., Schedule 13G, beneficial ownership, Toronto-Dominion Bank, TD Securities Inc., institutional investor, common stock