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 ($17.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $19.03. Options: 16 managers hold calls ($288.6m notional), 14 hold puts ($18.1m).
Trends to Q1 2026
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 |
| Q4 2024 | 295 |
| Q1 2025 | 297 |
| Q2 2025 | 314 |
| Q3 2025 | 328 |
| Q4 2025 | 343 |
| Q1 2026 | 359 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 140 | 164 |
| Q3 2024 | 175 | 137 |
| Q4 2024 | 166 | 145 |
| Q1 2025 | 182 | 133 |
| Q2 2025 | 185 | 139 |
| Q3 2025 | 184 | 153 |
| Q4 2025 | 175 | 160 |
| Q1 2026 | 208 | 143 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $93.0m | $96.3m | 1.04 |
| Q3 2025 | $113.0m | $114.1m | 1.01 |
| Q4 2025 | $205.7m | $64.5m | 0.31 |
| Q1 2026 | $288.6m | $18.1m | 0.06 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +5.4m |
| Capital Research Global Investors | New | +5.0m |
| Man Group plc | Added | +2.8m |
| MARSHALL WACE, LLP | Added | +2.7m |
| Navi International - Administradora e Gestora de Recursos Financeiros Ltda. | Added | +2.1m |
| Ninety One UK Ltd | Added | +1.9m |
| FMR LLC | Added | +1.7m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +1.6m |
| BAMCO INC /NY/ | Added | +1.5m |
| Robeco Institutional Asset Management B.V. | Added | +1.3m |
Biggest sellers
| Capital World Investors | Reduced | -18.4m |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -7.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -4.1m |
| MORGAN STANLEY | Reduced | -3.5m |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | Reduced | -3.2m |
| SPX Gestao de Recursos Ltda | Reduced | -3.0m |
| GENERAL ATLANTIC, L.P. | Reduced | -2.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.7m |
| Absolute Gestao de Investimentos Ltda. | Reduced | -1.7m |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | Reduced | -1.2m |
Biggest calls
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | Added | $134.2m7.0m shares |
| GOLDMAN SACHS GROUP INC | Added | $34.3m1.8m shares |
| Optiver Holding B.V. | Added | $32.7m1.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $29.6m1.6m shares |
| Parallax Volatility Advisers, L.P. | Added | $13.2m650.0k shares |
| JANE STREET GROUP, LLC | Added | $11.2m587.4k shares |
| CITADEL ADVISORS LLC | Added | $8.9m468.4k shares |
| FIL Ltd | New | $7.0m368.5k shares |
| SIMPLEX TRADING, LLC | Added | $5.8m304.3k shares |
| IMC-Chicago, LLC | Added | $3.7m192.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.7m352.7k shares |
| CITADEL ADVISORS LLC | Reduced | $1.6m82.7k shares |
| JANE STREET GROUP, LLC | Added | $1.5m80.5k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $1.5m79.6k shares |
| IMC-Chicago, LLC | Reduced | $1.5m78.3k shares |
| PEAK6 LLC | Reduced | $1.5m77.8k shares |
| GROUP ONE TRADING LLC | Reduced | $1.2m65.1k shares |
| Point72 Asset Management, L.P. | Reduced | $664.5k34.9k shares |
| TUDOR INVESTMENT CORP ET AL | Reduced | $662.6k34.8k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $571.2k300 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 2026
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 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 46.5m $885.6m | Reduced -216.0k |
| Dodge & Cox 0.34% of their portfolio | 32.7m $623.1m | Reduced -1.2m |
| ARGA Investment Management, LP 12.94% of their portfolio | 20.7m $394.1m | Added +799.0k |
| GENERAL ATLANTIC, L.P. 18.23% of their portfolio | 20.6m $391.6m | Reduced -2.1m |
| Capital World Investors 0.05% of their portfolio | 19.1m $363.7m | Reduced -18.4m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.08% of their portfolio | 12.3m $235.8m | Added +68.0k |
| STATE STREET CORP 0.01% of their portfolio | 9.8m $185.9m | Added +261.0k |
| FMR LLC 0.01% of their portfolio | 9.1m $173.0m | Added +1.7m |
| Ninety One UK Ltd 0.36% of their portfolio | 8.1m $153.4m | Added +1.9m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 7.7m $145.8m | Reduced -4.1m |
| MORGAN STANLEY 0.01% of their portfolio | 6.0m $113.9m | Reduced -3.5m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 5.6m $107.3m | Added +5.4m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.1m $98.0m | Added +1.3m |
| Capital Research Global Investors 0.01% of their portfolio | 5.0m $95.2m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 4.8m $90.5m | Reduced -92.7k |
| Fisher Asset Management, LLC 0.03% of their portfolio | 4.4m $83.8m | Added +23.6k |
| SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. 8.32% of their portfolio | 3.9m $74.4m | Reduced -884.2k |
| Seafarer Capital Partners, LLC 16.48% of their portfolio | 3.8m $71.8m | Unchanged |
| MARSHALL WACE, LLP 0.07% of their portfolio | 3.2m $61.7m | Added +2.7m |
| OAKTREE CAPITAL MANAGEMENT LP 1.02% of their portfolio | 3.2m $60.4m | Reduced -148.2k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 3.0m $57.4m | Added +281.2k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 3.0m $56.8m | Added +491.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 2.9m $56.0m | Added +551.2k |
| Legal & General Group Plc 0.01% of their portfolio | 2.8m $53.6m | Added +56.2k |
| Man Group plc 0.11% of their portfolio | 2.8m $53.4m | Added +2.8m |
| Navi International - Administradora e Gestora de Recursos Financeiros Ltda. 22.95% of their portfolio | 2.7m $51.0m | Added +2.1m |
| BAMCO INC /NY/ 0.15% of their portfolio | 2.7m $50.9m | Added +1.5m |
| NORTHERN TRUST CORP 0.01% of their portfolio | 2.6m $50.4m | Added +78.9k |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. 7.83% of their portfolio | 2.4m $45.4m | Reduced -3.2m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 2.2m $41.7m | First filing |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 2.0m $37.3m | Added +451.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.03% of their portfolio | 1.9m $37.1m | Added +1.6m |
| Assenagon Asset Management S.A. 0.06% of their portfolio | 1.9m $36.8m | Added +1.1m |
| Ninety One North America, Inc. 1.65% of their portfolio | 1.9m $36.6m | Added +488.7k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 1.8m $34.5m | Added +521.4k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.7m $32.4m | Added +146.0k |
| Robeco Institutional Asset Management B.V. 0.04% of their portfolio | 1.7m $31.5m | Added +1.3m |
| SEI INVESTMENTS CO 0.03% of their portfolio | 1.6m $31.0m | Added +37.9k |
| FEDERATED HERMES, INC. 0.05% of their portfolio | 1.6m $30.4m | Added +139.5k |
| Optiver Holding B.V. 1.13% of their portfolio | 1.6m $30.0m | Added +134.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 1.5m $28.9m | Added +150.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.5m $28.6m | Reduced -70.5k |
| UBS Group AG 0.00% of their portfolio | 1.5m $28.1m | Added +32.3k |
| Nuveen, LLC 0.01% of their portfolio | 1.4m $27.1m | Reduced -12.7k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 1.4m $25.8m | Reduced -381.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 1.2m $22.8m | Reduced -57.7k |
| SPX Gestao de Recursos Ltda 1.88% of their portfolio | 1.2m $22.6m | Reduced -3.0m |
| Amundi 0.01% of their portfolio | 1.2m $22.0m | Added +395.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 1.1m $21.9m | Added +1.0m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 1.1m $21.8m | Reduced -95.9k |
| Think Investments LP 2.91% of their portfolio | 1.1m $21.6m | New |
| FIL Ltd 0.02% of their portfolio | 1.1m $21.4m | Added +234.0k |
| CITIGROUP INC 0.01% of their portfolio | 1.1m $21.4m | Added +20.7k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 1.1m $20.2m | Added +845.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 1.0m $19.7m | Reduced -86.5k |
| Praetorian PR LLC 6.93% of their portfolio | 1.0m $19.0m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 871.6k $16.6m | Added +71.7k |
| Invesco Ltd. 0.00% of their portfolio | 845.1k $16.1m | Added +250.4k |
| Aware Super Pty Ltd as trustee of Aware Super 0.23% of their portfolio | 797.5k $15.2m | First filing |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 792.8k $15.1m | First filing |
| Swiss National Bank 0.01% of their portfolio | 775.3k $14.8m | Reduced -105.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 761.8k $14.5m | Added +579.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 744.2k $14.2m | Reduced -39.7k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 732.7k $12.0m | Added +244.9k |
| Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio | 726.3k $13.8m | Reduced -179.6k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.04% of their portfolio | 700.4k $13.3m | Reduced -1.2m |
| Sustainable Growth Advisers, LP 0.12% of their portfolio | 696.5k $13.3m | Added +16.3k |
| SG Americas Securities, LLC 0.01% of their portfolio | 680.5k $13.0m | Added +417.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 656.0k $12.5m | Reduced -37.3k |
| Crossmark Global Holdings, Inc. 0.18% of their portfolio | 650.0k $12.4m | Added +288.8k |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 632.7k $12.0m | Added +321.7k |
| Walleye Trading LLC 0.23% of their portfolio | 585.3k $11.1m | Added +126.8k |
| Absolute Gestao de Investimentos Ltda. 1.27% of their portfolio | 584.6k $11.1m | Reduced -1.7m |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 581.9k $11.1m | Added +34.4k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.11% of their portfolio | 570.1k $10.9m | Added +119.9k |
| Truxt Investmentos Ltda. 6.95% of their portfolio | 568.2k $10.8m | First filing |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 532.2k $10.1m | Reduced -7.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 522.7k $10.0m | Added +65.5k |
| Rheos Capital Works Inc. 0.64% of their portfolio | 500.0k $9.5m | Unchanged |
| Treasurer of the State of North Carolina 0.03% of their portfolio | 492.2k $9.4m | Added +35.0k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 485.7k $9.2m | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 466.1k $8.5m | Added +176.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 444.1k $7.9m | Added +9.6k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 441.5k $8.4m | Reduced -93.4k |
| Triveni Capital Investments LP 7.77% of their portfolio | 412.0k $7.8m | Added +78.2k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.02% of their portfolio | 388.6k $7.4m | Added +55.3k |
| EARNEST PARTNERS LLC 0.03% of their portfolio | 371.8k $7.1m | Reduced -8.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 371.4k $7.1m | Reduced -28.8k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.01% of their portfolio | 364.6k $6.9m | Added +99.9k |
| Handelsbanken Fonder AB 0.02% of their portfolio | 359.1k $6.8m | Added +63.6k |
| WINTON GROUP Ltd 0.24% of their portfolio | 353.5k $6.7m | Added +288.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 351.7k $6.3m | Reduced -170.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 347.9k $6.6m | Reduced -9.7k |
| GLOBEFLEX CAPITAL L P 0.99% of their portfolio | 343.3k $6.5m | Reduced -14.6k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 342.3k $6.5m | First filing |
| GAM Holding AG 0.56% of their portfolio | 335.5k $6.4m | Added +86.8k |
| ASSETMARK, INC 0.01% of their portfolio | 327.4k $6.2m | New |
| Public Sector Pension Investment Board 0.02% of their portfolio | 319.9k $6.1m | Reduced -1.9k |
| GROUP ONE TRADING LLC 0.20% of their portfolio | 317.7k $6.0m | Added +97.7k |
| KBC Group NV 0.01% of their portfolio | 303.7k $5.8m | Added +132.2k |