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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
V-Square Quantitative Management LLC13,800$225.9K0.02%00.0%Unchanged
The PNC Financial Services Group, Inc.13,855$226.8K0.00%+573+4.3%Added
Credit Agricole S A14,200$232.5K0.00%00.0%Unchanged
North Dakota State Investment Board14,347$234.9K0.01%+14,347New
CWM, LLC14,339$235.0K0.00%−2,243−13.5%Reduced
Pekin Hardy Strauss, Inc.14,500$237.4K0.02%+14,500New
Frank, Rimerman Advisors LLC14,606$239.1K0.02%00.0%Unchanged
OneAscent Investment Solutions LLC15,904$260.3K0.28%−65−0.4%Reduced
Federation des caisses Desjardins du Quebec16,292$266.7K0.00%+1,728+11.9%Added
Walleye Capital LLC16,432$269.0K0.00%+11,674+245.4%Added
Bridgefront Capital, LLC16,725$273.8K0.07%+4,199+33.5%Added
Diversified Trust Co16,779$274.7K0.01%+377+2.3%Added
Gulf International Bank (UK) Ltd17,346$284.0K0.01%00.0%Unchanged
Brinker Capital Investments, LLC17,777$291.0K0.00%+1,752+10.9%Added
Private Advisor Group, LLC17,889$292.8K0.00%−15,064−45.7%Reduced
Armistice Capital, LLC18,204$298.0K0.01%+18,204New
OneAscent Wealth Management LLC18,230$298.4K0.10%−460−2.5%Reduced
Polymer Capital Management (US) LLC18,873$309.0K0.04%+18,873New
Outlook Wealth Advisors, LLC18,994$310.9K0.07%−146−0.8%Reduced
Maryland State Retirement & Pension System19,068$312.1K0.01%00.0%Unchanged
Wealth Enhancement Advisory Services, LLC18,673$318.4K0.00%−2,836−13.2%Reduced
Ensign Peak Advisors, Inc19,750$323.3K0.00%00.0%Unchanged
OneAscent Financial Services LLC19,837$324.7K0.03%+1,344+7.3%Added
Nomura Holdings Inc20,037$328.0K0.00%+20,037New
Tandem Capital Management Corp20,203$330.7K0.15%+4,150+25.9%Added
Skandinaviska Enskilda Banken AB (publ)20,434$334.5K0.00%−35,762−63.6%Reduced
Graham Capital Management, L.P.20,650$338.0K0.01%+2,129+11.5%Added
Principal Securities, Inc.20,746$339.6K0.01%+5,973+40.4%Added
Janney Montgomery Scott LLC20,951$343.0K0.00%−645,233−96.9%Reduced
Sumitomo Mitsui DS Asset Management Company, Ltd21,368$349.8K0.00%+3,236+17.8%Added
Utah Retirement Systems21,424$350.7K0.00%00.0%Unchanged
Sterling Capital Management LLC21,582$353.3K0.01%−1,316−5.7%Reduced
Tudor Investment Corp Et Al22,154$362.7K0.00%+22,154New
Prudential PLC23,362$382.4K0.00%−2,561−9.9%Reduced
Wiley Bros.-Aintree Capital, LLC23,646$387.1K0.00%−36,120−60.4%Reduced
Banco BTG Pactual S.A.23,909$391.4K0.07%−37,556−61.1%Reduced
LSV Asset Management25,400$416.0K0.00%00.0%Unchanged
STRS Ohio25,601$419.1K0.00%−3,051−10.6%Reduced
Employees Retirement System of Texas25,905$424.0K0.00%−34,343−57.0%Reduced
Summit Trail Advisors, LLC26,134$427.8K0.01%+3,850+17.3%Added
Wells Fargo & Company26,331$431.0K0.00%+6,273+31.3%Added
AlphaGrep UK Ltd26,411$432.3K0.14%+26,411New
IFM Investors Pty Ltd26,702$437.0K0.00%+4,491+20.2%Added
Omers Administration Corp26,717$437.4K0.00%+26,717New
Standard Life Aberdeen plc27,076$443.2K0.00%+1,874+7.4%Added
Ieq Capital, LLC27,119$443.9K0.00%−19,179−41.4%Reduced
Headlands Technologies LLC28,122$460.4K0.04%+28,122New
Xponance, Inc.28,687$469.6K0.00%−266−0.9%Reduced
DRW Securities, LLC29,079$476.0K0.04%+9,242+46.6%Added
Martingale Asset Management L P30,171$493.9K0.01%−34,260−53.2%Reduced
Man Group plc30,700$502.6K0.00%+30,700New
SummitTX Capital, L.P.30,978$507.1K0.02%+857+2.8%Added
Teacher Retirement System of Texas31,533$516.2K0.00%−3,085−8.9%Reduced
Mariner, LLC31,843$521.5K0.00%−1,395−4.2%Reduced
Legacy Wealth Asset Management, LLC32,196$527.0K0.13%−105−0.3%Reduced
Drucker Wealth 3.0, LLC33,669$551.2K0.10%+12,830+61.6%Added
Banco Santander, S.A.33,696$551.6K0.00%+33,696New
Parallax Volatility Advisers, L.P.34,126$558.6K0.02%+34,126New
Amalgamated Bank34,217$560.0K0.00%+13,059+61.7%Added
Atria Investments LLC34,312$561.7K0.01%−2,591−7.0%Reduced
Axq Capital, LP34,574$566.0K0.13%+6,316+22.4%Added
Diametric Capital, LP35,697$584.4K0.16%+35,697New
Macquarie Group Ltd36,147$591.7K0.00%−24,269−40.2%Reduced
VPR Management LLC37,068$606.8K0.27%00.0%Unchanged
Fairtree Asset Management (Pty) Ltd38,208$625.5K0.29%+2,854+8.1%Added
Qsemble Capital Management, LP38,334$627.5K0.05%+373+1.0%Added
Neuberger Berman Group LLC43,938$719.3K0.00%−431−1.0%Reduced
DnB Asset Management AS44,043$721.0K0.00%−114,994−72.3%Reduced
Ethic Inc.44,060$721.3K0.01%+10,676+32.0%Added
Point Nemo Capital, LLC45,576$746.1K0.74%+45,576New
Triglav Skladi, D.O.O.46,033$753.6K0.05%+11,033+31.5%Added
Swiss Life Asset Management Ltd46,486$761.0K0.00%+10,763+30.1%Added
Dauntless Investment Group, LLC46,696$764.4K2.81%+26,626+132.7%Added
Trexquant Investment LP48,172$788.6K0.01%−366,507−88.4%Reduced
EFG International AG48,637$796.4K0.02%+48,637New
Havemeyer Place LP51,663$845.7K0.17%+51,663New
Marex Group plc51,915$849.8K0.01%+40,462+353.3%Added
Harvest Fund Management Co., Ltd52,676$860.0K0.03%+17,138+48.2%Added
Sanctuary Advisors, LLC52,916$866.2K0.00%−16,088−23.3%Reduced
NFJ Investment Group, LLC53,884$882.1K0.03%+2,539+4.9%Added
Nomura Asset Management Co Ltd56,100$918.4K0.00%00.0%Unchanged
Asset Management One Co.,Ltd.56,553$930.3K0.00%−2,187−3.7%Reduced
Lazard Asset Management LLC59,926$981.0K0.00%−182,015−75.2%Reduced
HighTower Advisors, LLC60,147$984.6K0.00%−564−0.9%Reduced
Hyperion Capital Advisors LP61,067$999.7K0.49%+46,067+307.1%Added
HRT Financial LP64,879$1.06M0.00%−366,843−85.0%Reduced
Winton Group Ltd65,000$1.06M0.04%+65,000New
Barclays PLC68,772$1.13M0.00%+19,721+40.2%Added
Creative Planning69,663$1.14M0.00%−8,285−10.6%Reduced
Lansforsakringar Fondforvaltning AB (publ)78,000$1.28M0.01%+10,000+14.7%Added
Hussman Strategic Advisors, Inc.84,000$1.38M0.33%+84,000New
Manufacturers Life Insurance Company, The85,405$1.40M0.00%+5,646+7.1%Added
Charles Schwab Investment Management Inc87,356$1.43M0.00%+477+0.5%Added
California State Teachers Retirement System87,653$1.43M0.00%+33,546+62.0%Added
CWM Advisors, LLC88,215$1.44M0.13%+35,213+66.4%Added
Zurcher Kantonalbank (Zurich Cantonalbank)91,010$1.49M0.00%00.0%Unchanged
Resona Asset Management Co.,Ltd.93,751$1.54M0.01%+4,736+5.3%Added
Danske Bank A/S94,900$1.55M0.00%−8,200−8.0%Reduced
PEAK6 LLC96,030$1.57M0.04%+80,762+529.0%Added
Engineers Gate Manager LP100,677$1.65M0.02%−99,988−49.8%Reduced