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 ($4.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $17.94. Options: 16 managers hold calls ($51.3m notional), 17 hold puts ($35.5m).
Trends to Q3 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 |
| Q2 2024 | 268 |
| Q3 2024 | 293 |
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 |
| Q2 2024 | 140 | 164 |
| Q3 2024 | 175 | 137 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $121.4m | $249.0m | 2.05 |
| Q1 2024 | $224.9m | $325.7m | 1.45 |
| Q2 2024 | $66.0m | $28.6m | 0.43 |
| Q3 2024 | $51.3m | $35.5m | 0.69 |
Biggest buyers
| FIL Ltd | New | +9.9m |
| Mawer Investment Management Ltd. | Added | +6.7m |
| JPMORGAN CHASE & CO | Added | +4.6m |
| STATE STREET CORP | Added | +4.5m |
| BANK OF AMERICA CORP /DE/ | Added | +3.1m |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | Added | +2.7m |
| VANGUARD GROUP INC | Added | +2.4m |
| Legal & General Group Plc | Added | +2.0m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +2.0m |
| Capital World Investors | Added | +1.9m |
Biggest sellers
| Harding Loevner LP | Reduced | -14.0m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -6.4m |
| FMR LLC | Reduced | -5.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -5.4m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -3.8m |
| JANE STREET GROUP, LLC | Reduced | -3.8m |
| BANK OF MONTREAL /CAN/ | Sold out | -2.2m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -1.7m |
| Qube Research & Technologies Ltd | Sold out | -1.3m |
| Invesco Ltd. | Reduced | -1.1m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $21.4m1.2m shares |
| CITADEL ADVISORS LLC | Added | $13.1m732.8k shares |
| Squarepoint Ops LLC | Unchanged | $3.6m200.0k shares |
| UBS Group AG | Unchanged | $2.1m116.0k shares |
| GROUP ONE TRADING LLC | Added | $2.0m113.7k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $2.0m110.0k shares |
| IMC-Chicago, LLC | Added | $1.6m91.6k shares |
| GTS SECURITIES LLC | Reduced | $1.2m65.1k shares |
| SIMPLEX TRADING, LLC | Added | $984.0k54.9k shares |
| JANE STREET GROUP, LLC | Added | $952.6k53.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.2m569.9k shares |
| CITADEL ADVISORS LLC | Added | $7.1m398.5k shares |
| Squarepoint Ops LLC | Reduced | $4.1m230.0k shares |
| Walleye Trading LLC | Reduced | $3.0m165.6k shares |
| Cubist Systematic Strategies, LLC | Added | $2.5m138.3k shares |
| GTS SECURITIES LLC | Added | $2.0m112.4k shares |
| JANE STREET GROUP, LLC | New | $1.7m97.2k shares |
| GROUP ONE TRADING LLC | Added | $1.5m82.3k shares |
| IMC-Chicago, LLC | New | $703.2k39.2k shares |
| SIMPLEX TRADING, LLC | Added | $681.0k38.0k 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 Q3 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 Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 43.5m $779.9m | First filing |
| Dodge & Cox 0.35% of their portfolio | 34.9m $625.4m | Added +508.9k |
| Capital World Investors 0.09% of their portfolio | 30.6m $549.1m | Added +1.9m |
| GENERAL ATLANTIC, L.P. 15.11% of their portfolio | 29.6m $531.3m | Unchanged |
| Mawer Investment Management Ltd. 2.14% of their portfolio | 26.2m $470.6m | Added +6.7m |
| SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. 57.41% of their portfolio | 12.1m $216.8m | Reduced -220.5k |
| FMR LLC 0.01% of their portfolio | 10.6m $190.0m | Reduced -5.9m |
| FIL Ltd 0.16% of their portfolio | 9.9m $177.4m | New |
| VANGUARD GROUP INC 0.00% of their portfolio | 9.1m $163.2m | Added +2.4m |
| STATE STREET CORP 0.01% of their portfolio | 8.8m $157.3m | Added +4.5m |
| SANDS CAPITAL MANAGEMENT, LLC 0.47% of their portfolio | 8.7m $156.2m | Reduced -249.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.14% of their portfolio | 8.3m $149.3m | Added +135.4k |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. 18.19% of their portfolio | 7.1m $127.4m | Added +2.7m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.1m $91.7m | Added +3.1m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 5.1m $90.6m | Added +4.6m |
| NORGES BANK 0.01% of their portfolio | 4.9m $87.9m | Added +578.2k |
| MARSHALL WACE, LLP 0.11% of their portfolio | 4.5m $81.0m | Added +737.1k |
| Fisher Asset Management, LLC 0.03% of their portfolio | 4.5m $80.0m | Added +1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.4m $78.6m | Added +2.0m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 4.4m $78.3m | Added +240.9k |
| MORGAN STANLEY 0.01% of their portfolio | 4.3m $77.7m | Added +1.3m |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 4.3m $77.7m | Reduced -61.1k |
| Seafarer Capital Partners, LLC 18.50% of their portfolio | 3.6m $64.7m | Added +150.0k |
| D. E. Shaw & Co., Inc. 0.07% of their portfolio | 3.2m $57.3m | Added +121.3k |
| ALKEON CAPITAL MANAGEMENT LLC 0.26% of their portfolio | 2.6m $46.9m | Reduced -2.3k |
| Ninety One UK Ltd 0.12% of their portfolio | 2.5m $45.5m | Reduced -28.2k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 2.5m $45.4m | Reduced -3.8m |
| Legal & General Group Plc 0.01% of their portfolio | 2.4m $42.8m | Added +2.0m |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 2.3m $41.4m | Reduced -21.7k |
| Sharp Capital Gestora de Recursos Ltda. 33.56% of their portfolio | 2.2m $39.7m | Reduced -46.0k |
| CITIGROUP INC 0.03% of their portfolio | 2.1m $37.7m | Added +1.8m |
| Absoluto Partners Gestao de Recursos Ltda 23.45% of their portfolio | 1.7m $31.2m | Added +869.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 1.7m $30.4m | Added +1.3m |
| BAMCO INC /NY/ 0.08% of their portfolio | 1.6m $29.1m | Reduced -359.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.10% of their portfolio | 1.6m $28.7m | Reduced -407.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.6m $28.7m | Added +809.3k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.5m $27.1m | Added +687.6k |
| Truxt Investmentos Ltda. 16.64% of their portfolio | 1.4m $24.7m | Added +368.9k |
| Man Group plc 0.07% of their portfolio | 1.3m $23.8m | Added +312.7k |
| INCA Investments LLC 10.10% of their portfolio | 1.3m $23.7m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 1.2m $21.4m | Added +22.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.1m $19.0m | Added +233.5k |
| TWINBEECH CAPITAL LP 0.36% of their portfolio | 1.0m $18.7m | New |
| NORDEA INVESTMENT MANAGEMENT AB 0.02% of their portfolio | 997.9k $18.0m | Reduced -472.8k |
| Swiss National Bank 0.01% of their portfolio | 842.5k $15.1m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 837.6k $15.0m | Added +809.0k |
| ARMOR ADVISORS, L.L.C. 12.16% of their portfolio | 815.8k $14.6m | Reduced -89.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 787.7k $14.1m | New |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.08% of their portfolio | 784.9k $14.1m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 745.9k $13.4m | Added +40.2k |
| SPX Gestao de Recursos Ltda 1.76% of their portfolio | 734.9k $13.2m | New |
| Janney Montgomery Scott LLC 0.03% of their portfolio | 654.6k $11.7m | Added +56.2k |
| Itau Unibanco Holding S.A. 0.34% of their portfolio | 583.7k $10.5m | New |
| Trexquant Investment LP 0.13% of their portfolio | 566.4k $10.2m | New |
| SEI INVESTMENTS CO 0.01% of their portfolio | 560.7k $10.1m | Reduced -73.1k |
| Fourth Sail Capital LP 2.52% of their portfolio | 558.9k $10.0m | New |
| Sustainable Growth Advisers, LP 0.04% of their portfolio | 550.0k $9.9m | Reduced -705.8k |
| EARNEST PARTNERS LLC 0.04% of their portfolio | 536.1k $9.6m | Reduced -7.1k |
| OAKTREE CAPITAL MANAGEMENT LP 0.15% of their portfolio | 510.8k $9.2m | New |
| Cubist Systematic Strategies, LLC 0.14% of their portfolio | 497.5k $8.9m | Added +5.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 476.3k $8.5m | Added +394.6k |
| Robeco Institutional Asset Management B.V. 0.02% of their portfolio | 476.1k $8.5m | Added +204.9k |
| Amundi 0.00% of their portfolio | 460.2k $8.1m | Added +458.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 420.6k $7.5m | Added +105.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 414.4k $7.4m | Added +57.5k |
| JARISLOWSKY, FRASER Ltd 0.04% of their portfolio | 376.5k $6.8m | Added +32.4k |
| Invesco Ltd. 0.00% of their portfolio | 364.4k $6.5m | Reduced -1.1m |
| Engineers Gate Manager LP 0.12% of their portfolio | 342.7k $6.1m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 332.1k $6.0m | Reduced -15.2k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 316.9k $5.7m | New |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 316.1k $5.7m | New |
| Handelsbanken Fonder AB 0.02% of their portfolio | 313.7k $5.6m | Reduced -81.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 301.1k $5.4m | New |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 269.4k $4.8m | New |
| LOOMIS SAYLES & CO L P 0.01% of their portfolio | 264.8k $4.8m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 249.3k $4.5m | Reduced -42.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 248.9k $4.5m | Reduced -81.6k |
| AVIVA PLC 0.01% of their portfolio | 246.9k $4.4m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 238.9k $4.3m | Reduced -260.6k |
| UBS Group AG 0.00% of their portfolio | 231.4k $4.2m | Added +168.7k |
| Kapitalo Investimentos Ltda 0.99% of their portfolio | 225.7k $4.0m | Unchanged |
| Treasurer of the State of North Carolina 0.02% of their portfolio | 224.0k $4.0m | Added +8.0k |
| Sagil Capital LLP 3.93% of their portfolio | 215.0k $3.9m | New |
| Absolute Gestao de Investimentos Ltda. 1.30% of their portfolio | 213.9k $3.8m | New |
| NATIXIS 0.02% of their portfolio | 212.4k $3.8m | New |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio | 200.2k $3.6m | Reduced -6.4m |
| MERITAGE PORTFOLIO MANAGEMENT 0.21% of their portfolio | 189.9k $3.4m | Reduced -8.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 188.9k $3.4m | Unchanged |
| BARINGS LLC 0.08% of their portfolio | 180.9k $3.2m | New |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 178.9k $3.2m | Added +58.2k |
| Grandeur Peak Global Advisors, LLC 0.26% of their portfolio | 176.2k $3.2m | Unchanged |
| Penserra Capital Management LLC 0.07% of their portfolio | 174.4k $3.1m | Reduced -14.5k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 173.6k $3.1m | New |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 168.2k $3.0m | Reduced -182.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 155.2k $2.8m | Reduced -3.8m |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 149.4k $2.7m | Added +25.0k |
| Harding Loevner LP 0.02% of their portfolio | 148.7k $2.7m | Reduced -14.0m |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 144.0k $2.6m | Added +2.3k |
| Korea Investment CORP 0.01% of their portfolio | 139.0k $2.5m | New |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 135.1k $2.4m | Added +78.8k |