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XP Inc.

XP
Exchange
Nasdaq
Industry
Security Brokers, Dealers & Flotation Companies
SEC CIK
0001787425

In the last 90 days, XP Inc. insiders filed 0 open-market purchases and 1 sale; 321 institutions reported holding it in 13F filings for Q2 2026, worth $5.42B in total; Oaktree Capital is the only superinvestor holding it.

13F holders, Q4 2025

Institutional positions in XP Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
343
+18 vs. Q3 2025
Shares held
349.4M
+6.24M (+1.8%) vs. Q3 2025
Total value
$5.72B
−$725.4M (−11.3%) vs. Q3 2025
New holders
64
130 more added
Sold out
46
112 more reduced

3 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting XP on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 343 institutions
Q1 2021: 149 institutionsQ2 2021: 166 institutionsQ3 2021: 168 institutionsQ4 2021: 234 institutionsQ1 2022: 237 institutionsQ2 2022: 200 institutionsQ3 2022: 200 institutionsQ4 2022: 199 institutionsQ1 2023: 192 institutionsQ2 2023: 225 institutionsQ3 2023: 258 institutionsQ4 2023: 301 institutionsQ1 2024: 299 institutionsQ2 2024: 265 institutionsQ3 2024: 292 institutionsQ4 2024: 294 institutionsQ1 2025: 296 institutionsQ2 2025: 313 institutionsQ3 2025: 328 institutionsQ4 2025: 343 institutionsQ1 2026: 359 institutionsQ2 2026: 321 institutions
Value heldQ4 2025: $5.72B
Q1 2021: $6.85BQ2 2021: $7.92BQ3 2021: $7.43BQ4 2021: $7.32BQ1 2022: $8.16BQ2 2022: $4.71BQ3 2022: $5.00BQ4 2022: $4.39BQ1 2023: $3.45BQ2 2023: $6.67BQ3 2023: $6.44BQ4 2023: $7.62BQ1 2024: $8.13BQ2 2024: $5.47BQ3 2024: $6.21BQ4 2024: $4.15BQ1 2025: $4.68BQ2 2025: $6.96BQ3 2025: $6.45BQ4 2025: $5.72BQ1 2026: $6.33BQ2 2026: $5.42B
Institutions holding XP and their total value by quarter
QuarterHoldersValue
Q2 2026321$5.42B
Q1 2026359$6.33B
Q4 2025343$5.72B
Q3 2025328$6.45B
Q2 2025313$6.96B
Q1 2025296$4.68B
Q4 2024294$4.15B
Q3 2024292$6.21B
Q2 2024265$5.47B
Q1 2024299$8.13B
Q4 2023301$7.62B
Q3 2023258$6.44B
Q2 2023225$6.67B
Q1 2023192$3.45B
Q4 2022199$4.39B
Q3 2022200$5.00B
Q2 2022200$4.71B
Q1 2022237$8.16B
Q4 2021234$7.32B
Q3 2021168$7.43B
Q2 2021166$7.92B
Q1 2021149$6.85B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding XP Inc.; share changes are against Q3 2025.

Institutions holding XP in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.46,729,141$765.0M0.01%+1,858,288+4.1%Added
Capital World Investors37,497,038$613.8M0.08%−2,409,053−6.0%Reduced
Dodge & Cox33,960,545$555.9M0.30%−517,600−1.5%Reduced
General Atlantic LLC22,699,133$371.6M12.93%−2,818,600−11.0%Reduced
ARGA Investment Management, LP19,900,087$325.8M8.88%+10,820,050+119.2%Added
Massachusetts Financial Services Co12,263,021$200.7M0.06%+1,300,982+11.9%Added
Arrowstreet Capital, Limited Partnership11,799,175$193.2M0.11%+1,160,977+10.9%Added
Morgan Stanley9,524,277$155.9M0.01%+1,113,641+13.2%Added
State Street Corp9,503,007$155.6M0.01%+144,938+1.5%Added
FMR LLC7,360,536$120.5M0.01%+161,392+2.2%Added
Schroder Investment Management Group7,098,293$116.2M0.09%−5,189,898−42.2%Reduced
Ninety One UK Ltd6,186,576$101.3M0.22%+533,952+9.4%Added
Atmos Capital Gestao de Recursos Ltda.5,621,659$92.0M13.94%−2,726,807−32.7%Reduced
Norges Bank4,898,974$80.2M0.01%+4,898,974New
Geode Capital Management, LLC4,866,728$79.3M0.00%+204,524+4.4%Added
Squadra Investments - Gestao de Recursos Ltda.4,793,735$78.5M16.23%−2,073,653−30.2%Reduced
Fisher Asset Management, LLC4,377,265$71.7M0.02%−141,706−3.1%Reduced
SPX Equities Gestao de Recursos Ltda4,195,379$68.7M7.03%+2,195,087+109.7%Added
Bank of America Corp3,857,852$63.2M0.00%+29,886+0.8%Added
Vanguard Group Inc3,784,717$62.0M0.00%+170,550+4.7%Added
Seafarer Capital Partners, LLC3,771,000$61.7M16.04%00.0%Unchanged
Oaktree Capital Management LPSuperinvestorOaktree Capital3,320,159$54.4M0.88%+1,287,282+63.3%Added
Legal & General Group Plc2,760,141$45.2M0.01%+228,242+9.0%Added
Franklin Resources Inc2,734,137$44.8M0.01%+256,112+10.3%Added
Northern Trust Corp2,568,818$42.1M0.01%+3,505+0.1%Added
American Century Companies Inc2,490,307$40.8M0.02%+70,115+2.9%Added
UBS Asset Management Americas Inc2,391,289$39.1M0.01%+2,391,289New
Absolute Gestao de Investimentos Ltda.2,262,857$37.0M3.89%+1,178,246+108.6%Added
Public Employees Retirement System of Ohio1,936,961$31.7M0.10%+680,204+54.1%Added
Millennium Management LLC1,792,836$29.3M0.02%+1,490,257+492.5%Added
Jennison Associates LLC1,738,889$28.5M0.02%−1,015,902−36.9%Reduced
SEI Investments Co1,588,560$26.0M0.03%+555,198+53.7%Added
Goldman Sachs Group Inc1,570,073$25.7M0.00%+643,653+69.5%Added
Deutsche Bank AG1,553,131$25.4M0.01%+951,350+158.1%Added
Russell Investments Group, Ltd.1,509,009$24.7M0.03%+43,317+3.0%Added
Federated Hermes, Inc.1,454,534$23.8M0.04%−8,641−0.6%Reduced
UBS Group AG1,441,237$23.6M0.00%+730,905+102.9%Added
Optiver Holding B.V.1,440,068$23.6M0.43%+1,003,990+230.2%Added
Nuveen, LLC1,438,237$23.5M0.01%+9,294+0.7%Added
Ninety One North America, Inc.1,435,950$23.5M0.95%+195,948+15.8%Added
New York State Common Retirement Fund1,367,877$22.4M0.03%+610,001+80.5%Added
Los Angeles Capital Management LLC1,192,359$21.3M0.07%+60,716+5.4%Added
Bank of Montreal1,290,621$21.1M0.01%+1,290,621New
Bank of New York Mellon Corp1,255,393$20.6M0.00%−22,660−1.8%Reduced
Voloridge Investment Management, LLC1,243,222$20.4M0.07%−962,963−43.6%Reduced
Bamco Inc1,195,477$19.6M0.05%−660,133−35.6%Reduced
BNP Paribas Arbitrage, SA1,123,191$18.4M0.01%+618,427+122.5%Added
Citigroup Inc1,103,495$18.1M0.01%+180,765+19.6%Added
Praetorian PR LLC1,000,000$16.4M7.93%00.0%Unchanged
Mitsubishi UFJ Trust & Banking Corp905,893$14.8M0.04%−129,932−12.5%Reduced
FIL Ltd892,359$14.6M0.01%+221,328+33.0%Added
Swiss National Bank880,564$14.4M0.01%+71,800+8.9%Added
Sumitomo Mitsui Trust Holdings, Inc.799,887$13.1M0.01%+24,614+3.2%Added
Assenagon Asset Management S.A.784,388$12.8M0.02%+322,613+69.9%Added
California Public Employees Retirement System783,961$12.8M0.01%+11,889+1.5%Added
Amundi761,804$12.5M0.00%+156,168+25.8%Added
Two Sigma Investments, LP693,311$11.3M0.02%+361,564+109.0%Added
Sustainable Growth Advisers, LP680,170$11.1M0.08%+145,154+27.1%Added
Wealth High Governance Asset Management Ltda.610,262$9.99M1.79%+610,262New
William Blair Investment Management, LLC596,760$9.77M0.03%−1,255,837−67.8%Reduced
Invesco Ltd.594,745$9.74M0.00%+232,820+64.3%Added
Navi International - Administradora e Gestora de Recursos Financeiros Ltda.589,452$9.65M6.10%+589,452New
PointState Capital LP571,756$9.36M0.16%+571,756New
Marshall Wace, LLP554,770$9.08M0.01%−37,056−6.3%Reduced
Ameriprise Financial Inc547,480$8.96M0.00%−1,328,509−70.8%Reduced
Pictet Asset Management Holding SA539,486$8.83M0.01%+56,090+11.6%Added
First Trust Advisors LP534,939$8.76M0.01%−694,774−56.5%Reduced
Nordea Investment Management AB522,514$8.57M0.01%+522,514New
Rheos Capital Works Inc.500,000$8.19M0.52%+200,000+66.7%Added
Alliancebernstein L.P.487,810$7.99M0.00%+316,781+185.2%Added
Royal Bank of Canada469,548$7.69M0.00%+76,118+19.3%Added
Walleye Trading LLC458,496$7.51M0.12%+248,633+118.5%Added
Treasurer of the State of North Carolina457,144$7.48M0.02%−17,045−3.6%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.457,119$7.40M0.01%+104,395+29.6%Added
Thornburg Investment Management Inc450,131$7.37M0.09%+450,131New
JPMorgan Chase & Co434,493$7.11M0.00%−882,103−67.0%Reduced
Rhumbline Advisers400,214$6.55M0.01%−10,708−2.6%Reduced
BW Gestao de Investimentos Ltda.389,738$6.38M0.22%+389,738New
Wealth High Governance Capital Ltda389,738$6.38M1.87%+389,738New
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main385,242$6.31M0.01%+385,242New
Great Lakes Advisors, LLC384,593$6.30M0.05%−149,399−28.0%Reduced
Earnest Partners LLC380,478$6.23M0.03%−11,157−2.8%Reduced
Crossmark Global Holdings, Inc.361,263$5.91M0.08%−406,814−53.0%Reduced
Globeflex Capital L P357,941$5.86M0.90%+18,348+5.4%Added
Robeco Institutional Asset Management B.V.357,614$5.85M0.01%−136,556−27.6%Reduced
Voya Investment Management LLC357,587$5.85M0.01%−7,566−2.1%Reduced
Acadian Asset Management LLC346,126$5.66M0.01%−581,057−62.7%Reduced
Triveni Capital Investments LP333,734$5.46M4.07%+333,734New
Royal London Asset Management Ltd333,300$5.46M0.01%+1,600+0.5%Added
Public Sector Pension Investment Board321,800$5.27M0.02%+32,800+11.3%Added
Twinbeech Capital LP319,928$5.24M0.37%+319,928New
Loomis Sayles & Co L P318,004$5.21M0.01%−35,213−10.0%Reduced
Point72 Asset Management, L.P.311,028$5.09M0.01%+311,028New
Mackenzie Financial Corp297,059$4.90M0.01%−322,190−52.0%Reduced
D. E. Shaw & Co., Inc.296,491$4.85M0.00%−66,704−18.4%Reduced
Handelsbanken Fonder AB295,584$4.84M0.01%+55,728+23.2%Added
State Board of Administration of Florida Retirement System295,581$4.84M0.01%00.0%Unchanged
PDT Partners, LLC292,877$4.79M0.31%−234,661−44.5%Reduced
Aviva PLC289,977$4.75M0.01%+23,872+9.0%Added
AQR Capital Management LLC289,332$4.74M0.00%−51,736−15.2%Reduced