XP INC XP
CL A · Common Stock · CUSIP G98239109 · ISIN KYG982391099
Holding of stock exchange companies
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($35.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $25.66. Options: 19 managers hold calls ($224.9m notional), 22 hold puts ($325.7m).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 200 |
| Q4 2022 | 198 |
| Q1 2023 | 192 |
| Q2 2023 | 225 |
| Q3 2023 | 258 |
| Q4 2023 | 301 |
| Q1 2024 | 299 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 99 | 109 |
| Q1 2023 | 107 | 91 |
| Q2 2023 | 131 | 103 |
| Q3 2023 | 148 | 100 |
| Q4 2023 | 165 | 136 |
| Q1 2024 | 149 | 155 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $340.0m | $178.2m | 0.52 |
| Q3 2023 | $95.8m | $175.0m | 1.83 |
| Q4 2023 | $121.4m | $249.0m | 2.05 |
| Q1 2024 | $224.9m | $325.7m | 1.45 |
Biggest buyers
| Capital World Investors | Added | +11.8m |
| MORGAN STANLEY | Added | +7.8m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Added | +6.3m |
| JANE STREET GROUP, LLC | Added | +5.8m |
| VANGUARD GROUP INC | Added | +4.2m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +3.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.7m |
| JENNISON ASSOCIATES LLC | Added | +1.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +1.6m |
| Qube Research & Technologies Ltd | Added | +1.5m |
Biggest sellers
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | Sold out | -7.1m |
| BlackRock Inc. | Reduced | -4.3m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.7m |
| Constellation Investimentos e Participacoes Ltda | Reduced | -1.1m |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -1.1m |
| Wealth High Governance Capital Ltda | Sold out | -900.0k |
| BESSEMER GROUP INC | Reduced | -819.8k |
| Invesco Ltd. | Reduced | -738.1k |
| Carrhae Capital LLP | Reduced | -665.7k |
| Harding Loevner LP | Reduced | -663.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $75.7m3.0m shares |
| CITADEL ADVISORS LLC | Added | $52.3m2.0m shares |
| JANE STREET GROUP, LLC | Added | $39.1m1.5m shares |
| GOLDMAN SACHS GROUP INC | Added | $16.7m650.2k shares |
| SIMPLEX TRADING, LLC | Added | $14.6m568.2k shares |
| Walleye Trading LLC | Added | $5.1m200.5k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $4.7m184.2k shares |
| GROUP ONE TRADING LLC | Added | $4.5m176.6k shares |
| Cubist Systematic Strategies, LLC | Reduced | $3.1m119.7k shares |
| BANK OF AMERICA CORP /DE/ | New | $2.0m77.9k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $96.4m3.8m shares |
| GOLDMAN SACHS GROUP INC | Added | $68.5m2.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $58.6m2.3m shares |
| JANE STREET GROUP, LLC | Added | $37.3m1.5m shares |
| Vinland Capital Management Gestora de Recursos LTDA. | New | $17.6m687.0k shares |
| JPMORGAN CHASE & CO | New | $11.8m460.0k shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $10.8m420.2k shares |
| SIMPLEX TRADING, LLC | Added | $6.0m233.2k shares |
| Walleye Capital LLC | Added | $3.9m150.9k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $3.3m128.9k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
XP Control LLC
13D · may seek influence
-0.9 pts · filed 2026-07-07
Stated purposeItem 4 of the Schedule 13D is hereby amended to add the following: On July 2, 2026, XP Control LLC exercised its Repurchase Right to purchase all of the non-voting interests in XP Control LLC held indirectly by Gabriel for 4,954,867 Class A common shares (resulting from the conversion of the corresponding number of Class B common shares of the Issuer held by XP Control LLC). As a result of XP Control LLC's transfer of the Class A common shares to Gabriel's investment vehicle, the Reporting Persons' beneficial ownership of the Class A common shares decreased from 101,752,469 Class A common shares to 96,797,602 Class A common shares. In addition, if the Repurchase Right is exercised in full, the Reporting Persons' beneficial ownership of the Class A common shares may be further decreased … Full filing |
18.7% |
| BlackRock, Inc. 13G · institution +1.1 pts · filed 2026-07-30 | 9.4% |
| DODGE & COX 13G · institution -2.0 pts · filed 2025-08-13 | 7.9% |
| ARGA Investment Management, LP 13G · institution new · filed 2026-08-13 | 5.9% |
| GENERAL ATLANTIC, L.P. 13D · may seek influence filed 2025-12-04 | 5.4% |
Fell to 5% or below in the last year: Capital World Investors (4.6%, 2026-05-14)
Insider purchases and sales in Q1 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| Dodge & Cox 0.44% of their portfolio | 29.7m $761.7m | Reduced -543.8k |
| GENERAL ATLANTIC, L.P. 17.65% of their portfolio | 29.6m $760.0m | Unchanged |
| Capital World Investors 0.12% of their portfolio | 27.2m $698.8m | Added +11.8m |
| FMR LLC 0.04% of their portfolio | 23.5m $602.7m | Reduced -236.2k |
| Mawer Investment Management Ltd. 2.23% of their portfolio | 18.7m $480.4m | Added +560.0k |
| BlackRock Inc. 0.01% of their portfolio | 13.8m $354.4m | Reduced -4.3m |
| MORGAN STANLEY 0.01% of their portfolio | 12.7m $326.1m | Added +7.8m |
| Harding Loevner LP 1.97% of their portfolio | 12.5m $319.5m | Reduced -663.3k |
| SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. 51.80% of their portfolio | 10.5m $269.3m | Added +1.5m |
| SANDS CAPITAL MANAGEMENT, LLC 0.70% of their portfolio | 9.7m $249.0m | Reduced -1.1m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.22% of their portfolio | 8.3m $214.0m | Added +225.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.21% of their portfolio | 6.8m $174.9m | Added +6.3m |
| JANE STREET GROUP, LLC 0.20% of their portfolio | 6.2m $158.3m | Added +5.8m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.13% of their portfolio | 5.4m $137.8m | Added +1.7m |
| Bank of New York Mellon Corp 0.03% of their portfolio | 5.1m $130.2m | Reduced -140.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.1m $129.6m | Added +4.2m |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 4.7m $120.9m | Added +3.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 4.6m $119.0m | Reduced -294.2k |
| STATE STREET CORP 0.00% of their portfolio | 3.7m $95.8m | Added +25.3k |
| Seafarer Capital Partners, LLC 25.92% of their portfolio | 3.5m $88.7m | Unchanged |
| MARSHALL WACE, LLP 0.14% of their portfolio | 3.3m $85.8m | Added +725.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.31% of their portfolio | 3.3m $84.9m | Added +1.3m |
| BAMCO INC /NY/ 0.22% of their portfolio | 3.2m $82.8m | Added +681.3k |
| JENNISON ASSOCIATES LLC 0.05% of their portfolio | 3.1m $79.9m | Added +1.6m |
| D. E. Shaw & Co., Inc. 0.10% of their portfolio | 3.1m $78.3m | Reduced -477.9k |
| Fisher Asset Management, LLC 0.03% of their portfolio | 2.9m $74.2m | Added +45.8k |
| TWO SIGMA INVESTMENTS, LP 0.17% of their portfolio | 2.8m $70.8m | Reduced -1.7m |
| Ninety One UK Ltd 0.19% of their portfolio | 2.7m $69.1m | Reduced -102.9k |
| ALKEON CAPITAL MANAGEMENT LLC 0.37% of their portfolio | 2.6m $67.1m | Unchanged |
| Truxt Investmentos Ltda. 23.04% of their portfolio | 2.3m $60.0m | Added +207.6k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 2.3m $58.7m | Reduced -99.7k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 2.2m $55.3m | Added +1.3m |
| Sharp Capital Gestora de Recursos Ltda. 22.46% of their portfolio | 2.1m $55.0m | Added +191.7k |
| Constellation Investimentos e Participacoes Ltda 22.55% of their portfolio | 2.1m $54.6m | Reduced -1.1m |
| TWO SIGMA ADVISERS, LP 0.12% of their portfolio | 2.0m $51.7m | Reduced -401.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio | 2.0m $50.9m | Added +1.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.9m $49.6m | Added +72.1k |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 1.7m $44.4m | Added +1.5m |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.7m $43.0m | Added +781.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio | 1.4m $35.6m | Reduced -391.4k |
| Man Group plc 0.08% of their portfolio | 1.2m $30.1m | Reduced -345.5k |
| JGP Global Gestao de Recursos Ltda. 19.23% of their portfolio | 1.2m $29.9m | Added +451.8k |
| Itau Unibanco Holding S.A. 1.22% of their portfolio | 1.1m $28.4m | Added +697.1k |
| Verde Servicos Internacionais S.A. 10.86% of their portfolio | 1.1m $29.2m | Reduced -94.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.03% of their portfolio | 1.1m $29.0m | Reduced -148.2k |
| Sustainable Growth Advisers, LP 0.12% of their portfolio | 1.1m $28.7m | Added +417.3k |
| Cubist Systematic Strategies, LLC 0.31% of their portfolio | 1.1m $27.1m | Added +508.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.0m $26.0m | Added +30.7k |
| Carrhae Capital LLP 5.00% of their portfolio | 995.9k $25.6m | Reduced -665.7k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 990.6k $25.4m | Reduced -18.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 916.6k $23.5m | Reduced -80.7k |
| COMPASS GROUP LLC 9.38% of their portfolio | 845.5k $21.7m | Reduced -393.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 825.7k $21.2m | Reduced -16.2k |
| Banco BTG Pactual S.A. 6.25% of their portfolio | 782.0k $20.1m | Reduced -146.2k |
| Alta Park Capital, LP 2.07% of their portfolio | 743.9k $19.1m | Added +559.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 722.8k $18.5m | Reduced -541.7k |
| AXIOM INVESTORS LLC /DE 0.16% of their portfolio | 722.5k $18.5m | Added +127.6k |
| NORGES BANK 0.00% of their portfolio | 690.9k $17.7m | Added +253.8k |
| HRT FINANCIAL LP 0.10% of their portfolio | 635.2k $16.3m | Reduced -627.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 606.1k $15.6m | Reduced -10.6k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 591.9k $15.2m | Added +304.2k |
| EARNEST PARTNERS LLC 0.06% of their portfolio | 551.7k $14.2m | Reduced -13.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 519.1k $13.3m | Added +20.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 517.4k $13.3m | Added +258.7k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.09% of their portfolio | 510.0k $13.1m | Unchanged |
| Janney Montgomery Scott LLC 0.04% of their portfolio | 494.0k $12.7m | Added +36.3k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 468.2k $12.0m | Added +27.5k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 467.2k $12.0m | Added +64.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 422.6k $10.8m | Added +380.3k |
| Absoluto Partners Gestao de Recursos Ltda 5.00% of their portfolio | 415.3k $10.7m | Reduced -649.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 392.7k $10.1m | Reduced -45.9k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 383.7k $9.8m | Reduced -117.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 383.3k $9.8m | Added +200.4k |
| Handelsbanken Fonder AB 0.04% of their portfolio | 373.1k $9.6m | Added +11.9k |
| Crossmark Global Holdings, Inc. 0.18% of their portfolio | 358.9k $9.2m | Added +38.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 327.7k $8.4m | Reduced -50.4k |
| Legal & General Group Plc 0.00% of their portfolio | 320.4k $8.2m | Added +4.0k |
| Squarepoint Ops LLC 0.03% of their portfolio | 311.4k $8.0m | Added +126.1k |
| JARISLOWSKY, FRASER Ltd 0.04% of their portfolio | 285.1k $7.3m | Added +2.7k |
| Schonfeld Strategic Advisors LLC 0.05% of their portfolio | 269.6k $6.9m | Added +236.6k |
| Perpetual Ltd 0.06% of their portfolio | 254.8k $6.5m | Added +38.1k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 249.2k $6.4m | Added +88.1k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 247.5k $6.4m | Reduced -25.2k |
| Treasurer of the State of North Carolina 0.03% of their portfolio | 245.7k $6.3m | Reduced -42.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 239.4k $6.1m | Reduced -36.9k |
| INCA Investments LLC 2.62% of their portfolio | 237.0k $6.1m | Added +46.4k |
| UBS Group AG 0.00% of their portfolio | 236.6k $6.1m | Added +159.8k |
| Invesco Ltd. 0.00% of their portfolio | 228.7k $5.9m | Reduced -738.1k |
| Kapitalo Investimentos Ltda 1.28% of their portfolio | 225.7k $5.8m | Reduced -20.0k |
| Old Well Partners, LLC 2.51% of their portfolio | 219.8k $5.6m | Added +61.0k |
| BTG Pactual Global Asset Management Ltd 1.64% of their portfolio | 200.4k $5.1m | Reduced -198.9k |
| Verition Fund Management LLC 0.05% of their portfolio | 198.9k $5.1m | Added +179.2k |
| LOOMIS SAYLES & CO L P 0.01% of their portfolio | 190.2k $4.9m | Reduced -112.6k |
| CITIGROUP INC 0.01% of their portfolio | 187.6k $4.8m | Reduced -12.3k |
| LMR Partners LLP 0.11% of their portfolio | 174.0k $4.5m | New |
| Penserra Capital Management LLC 0.06% of their portfolio | 172.5k $4.4m | Reduced -76.6k |
| Grandeur Peak Global Advisors, LLC 0.32% of their portfolio | 158.4k $4.1m | Unchanged |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 156.4k $4.0m | Reduced -134.8k |
| Y-Intercept (Hong Kong) Ltd 0.30% of their portfolio | 153.2k $3.9m | Added +69.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 149.0k $3.8m | Added +32.9k |