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Livermore
Livermore
ZHEN

ARGA Investment Management, LP

SEC CIK
0001556915
Latest filing
Jul 31, 2026

The latest 13F from ARGA Investment Management, LP covers Q2 2026 (filed Jul 31, 2026): 121 long positions worth $3.92B. The top 10 holdings make up 66.6% of the portfolio, and the largest is XP Inc. (XP) at 10.2%. Livermore has 30 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
35
Est. +$928.6M
Added
28
Est. +$703.9M
Reduced
36
Est. −$597.9M
Sold out
23
Est. −$332.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. XPXP Inc.
    10.2%$400.7MHistory
  2. AERAerCap Holdings N.V.
    9.4%$367.5MHistory
  3. TSMTaiwan Semiconductor Manufacturing Co Ltd
    7.5%$292.1MHistory
  4. PBRPetrobras - Petroleo Brasileiro SA
    7.1%$279.8MHistory
  5. TCOMTrip.com Group Ltd
    6.6%$260.0MHistory

Share of portfolio

Top 5 holdings and the other 116 positions, by share of portfolio value

  1. XP10.2%
  2. AER9.4%
  3. TSM7.5%
  4. PBR7.1%
  5. TCOM6.6%
  6. Other 116 positions59.2%

Biggest buys

New and added positions, by estimated amount bought

  1. AERAerCap Holdings N.V.
    +$365.2MAddedHistory
  2. AEMAgnico Eagle Mines Ltd
    +$243.4MNewHistory
  3. TMETencent Music Entertainment Group
    +$151.9MNewHistory
  4. TCOMTrip.com Group Ltd
    +$146.0MAddedHistory
  5. BIDUBaidu, Inc.
    +$129.4MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. AERAerCap Holdings N.V.
    +9.30 pp0.1% → 9.4%History
  2. AEMAgnico Eagle Mines Ltd
    +6.21 pp0.0% → 6.2%History
  3. TMETencent Music Entertainment Group
    +3.87 pp0.0% → 3.9%History
  4. BIDUBaidu, Inc.
    +3.30 pp0.0% → 3.3%History
  5. TCOMTrip.com Group Ltd
    +1.95 pp4.7% → 6.6%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. NOKNokia Corp
    −$208.4MReducedHistory
  2. LVSLas Vegas Sands Corp
    −$114.8MReducedHistory
  3. TTETotalEnergies SE
    −$111.1MSold outHistory
  4. GLOBGlobant S.A.
    −$51.0MSold outHistory
  5. ARWArrow Electronics, Inc.
    −$47.1MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. LVSLas Vegas Sands Corp
    −5.14 pp6.6% → 1.5%History
  2. PBRPetrobras - Petroleo Brasileiro SA
    −4.91 pp12.0% → 7.1%History
  3. NOKNokia Corp
    −3.79 pp5.4% → 1.6%History
  4. TTETotalEnergies SE
    −3.65 pp3.6% → 0.0%History
  5. BBDBank Bradesco
    −2.75 pp9.0% → 6.3%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$3.92B
+$874.9M (+28.7%) vs. prior quarter
Positions
121
+12 vs. prior quarter
Top 10 concentration
66.6%
Top 10 as share of value
Turnover
26.7%
Q2 2026, one quarter
Average holding period
10.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.92B (Q2 2026)

Q1 2021: $1.34BQ2 2021: $1.26BQ3 2021: $1.43BQ4 2021: $1.57BQ1 2022: $1.83BQ2 2022: $1.82BQ3 2022: $1.84BQ4 2022: $2.34BQ1 2023: $2.68BQ2 2023: $2.83BQ3 2023: $2.46BQ4 2023: $2.88BQ1 2024: $2.98BQ2 2024: $2.85BQ3 2024: $3.02BQ4 2024: $3.06BQ1 2025: $2.99BQ2 2025: $3.66BQ3 2025: $3.77BQ4 2025: $3.67BQ1 2026: $3.05BQ2 2026: $3.92B
Q1 2021Q2 2026
13F filings of ARGA Investment Management, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 2026121$3.92BXPAERTSMvs. Q1 2026SEC
Q1 2026Apr 30, 2026109$3.05BXPPBRBBDvs. Q4 2025SEC
Q4 2025Jan 30, 2026110$3.67BBBDNTRXPvs. Q3 2025SEC
Q3 2025Oct 31, 2025110$3.77BBBDNTRTCOMvs. Q2 2025SEC
Q2 2025Jul 31, 2025123$3.66BLVSBBDNTRvs. Q1 2025SEC
Q1 2025Apr 30, 2025121$2.99BNTRLVSBBDvs. Q4 2024SEC
Q4 2024Jan 27, 2025122$3.06BLVSTCOMNTRvs. Q3 2024SEC
Q3 2024Nov 14, 2024128$3.02BTCOMLVSNTRvs. Q2 2024SEC
Q2 2024Jul 31, 2024128$2.85BBABANTRMLCOvs. Q1 2024SEC
Q1 2024Apr 12, 2024138$2.98BBABAMLCOTCOMvs. Q4 2023SEC
Q4 2023Feb 8, 2024144$2.88BTSMMLCOPBRvs. Q3 2023SEC
Q3 2023Nov 14, 2023118$2.46BMLCOPBRTSMvs. Q2 2023SEC
Q2 2023Jan 3, 2024Amended123$2.83BBIDUMLCOPBRvs. Q1 2023SEC
Q1 2023Jan 3, 2024Amended120$2.68BBIDUMLCOTSMvs. Q4 2022SEC
Q4 2022Jan 3, 2024Amended121$2.34BBIDUMLCOPBRvs. Q3 2022SEC
Q3 2022Jan 3, 2024Amended114$1.84BBIDUPBRMLCOvs. Q2 2022SEC
Q2 2022Feb 9, 2023Amended74$1.82BBIDUTCOMPBRvs. Q1 2022SEC
Q1 2022Feb 9, 2023Amended71$1.83BBIDUPBRUBSvs. Q4 2021SEC
Q4 2021Feb 9, 2023Amended70$1.57BBIDUPBRMLCOvs. Q3 2021SEC
Q3 2021Oct 29, 202171$1.43BBIDUMLCOAERvs. Q2 2021SEC
Q2 2021Jul 30, 202169$1.26BCPRIAERMLCOvs. Q1 2021SEC
Q1 2021Apr 30, 202170$1.34BAERCNQCPRI–SEC

13D and 13G filings

Companies where ARGA Investment Management, LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where ARGA Investment Management, LP owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
XPXP Inc.13G5.90%24.6M sharesNewAug 13, 20261 filingAug 13, 2026SEC

Latest filings

3 filings on file made by ARGA Investment Management, LP or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by ARGA Investment Management, LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
XPXP Inc.Aug 13, 20261:32 PM ET13G5.90%24.6M sharesNewJun 30, 2026SEC
MLCOMelco Resorts & Entertainment LTDMay 13, 202611:16 AM ET13G/A3.60%14.5M shares–Below 5%Mar 31, 2026SEC
MLCOMelco Resorts & Entertainment LTDFeb 9, 202313GOld format–New–SEC