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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
Nissay Asset Management Corp270,979$4.44M0.02%+270,979New
BNP PARIBAS ASSET MANAGEMENT Holding S.A.264,766$4.33M0.00%+264,766New
Mirabella Financial Services LLP262,897$4.30M0.41%+262,897New
SG Americas Securities, LLC262,833$4.30M0.01%+174,830+198.7%Added
Storebrand Asset Management AS256,621$4.20M0.01%+13,194+5.4%Added
JGP Global Gestao de Recursos Ltda.250,064$4.09M2.42%−351,007−58.4%Reduced
GAM Holding AG248,615$4.07M0.26%+197,615+387.5%Added
Liontrust Investment Partners LLP231,700$3.79M0.06%+231,700New
Rokos Capital Management LLP231,317$3.79M0.06%+231,317New
Kapitalo Investimentos Ltda225,664$3.69M0.71%00.0%Unchanged
Swedbank AB221,900$3.63M0.00%00.0%Unchanged
Group One Trading, L.P.220,023$3.60M0.11%+35,738+19.4%Added
Police & Firemen's Retirement System of New Jersey212,050$3.47M0.03%−10,620−4.8%Reduced
Allianz Asset Management GmbH200,930$3.29M0.00%+111,451+124.6%Added
Nutshell Asset Management Ltd200,000$3.27M1.17%+200,000New
Price T Rowe Associates Inc198,103$3.24M0.00%+11,164+6.0%Added
Capital Wealth Planning, LLC197,874$3.20M0.02%−30,158−13.2%Reduced
Jump Financial, LLC192,093$3.14M0.04%−523,650−73.2%Reduced
Oaktree Fund Advisors, LLC187,074$3.06M5.67%+70,147+60.0%Added
Citadel Advisors LLC182,639$2.99M0.00%−380,135−67.5%Reduced
Exchange Traded Concepts, LLC181,544$2.97M0.02%−121,429−40.1%Reduced
APG Asset Management N.V.212,000$2.95M0.01%+17,200+8.8%Added
KBC Group NV171,436$2.81M0.01%+46,651+37.4%Added
Caisse de Depot Et Placement du Quebec167,968$2.75M0.00%−606,000−78.3%Reduced
Korea Investment CORP161,000$2.64M0.01%+20,800+14.8%Added
XTX Topco Ltd160,090$2.62M0.07%+108,126+208.1%Added
British Columbia Investment Management Corp155,600$2.55M0.01%+16,200+11.6%Added
Verition Fund Management LLC151,819$2.49M0.01%+1,519+1.0%Added
Quantinno Capital Management LP144,423$2.36M0.00%+24,014+19.9%Added
La Banque Postale Asset Management SA141,145$2.31M0.03%−11,134−7.3%Reduced
Connor, Clark & Lunn Investment Management Ltd.141,112$2.31M0.01%+126,743+882.1%Added
Toroso Investments, LLC133,652$2.19M0.01%−15,703−10.5%Reduced
IMC-Chicago, LLC132,945$2.18M0.04%+70,839+114.1%Added
Envestnet Asset Management Inc119,168$1.95M0.00%−7,395−5.8%Reduced
Susquehanna International Group, LLP119,078$1.95M0.00%−280,555−70.2%Reduced
Stifel Financial Corp116,882$1.91M0.00%−44,517−27.6%Reduced
Neo Ivy Capital Management114,184$1.87M0.30%+18,156+18.9%Added
State of New Jersey Common Pension Fund D113,593$1.86M0.01%−62,272−35.4%Reduced
KLP Kapitalforvaltning AS112,500$1.84M0.01%00.0%Unchanged
Brandywine Global Investment Management, LLC110,609$1.81M0.01%+110,609New
HSBC Holdings PLC108,818$1.79M0.00%+7,770+7.7%Added
National Pension Service107,022$1.75M0.00%+9,441+9.7%Added
Matthews International Capital Management LLC101,999$1.67M0.51%−218,054−68.1%Reduced
Engineers Gate Manager LP100,677$1.65M0.02%−99,988−49.8%Reduced
PEAK6 LLC96,030$1.57M0.04%+80,762+529.0%Added
Danske Bank A/S94,900$1.55M0.00%−8,200−8.0%Reduced
Resona Asset Management Co.,Ltd.93,751$1.54M0.01%+4,736+5.3%Added
Zurcher Kantonalbank (Zurich Cantonalbank)91,010$1.49M0.00%00.0%Unchanged
CWM Advisors, LLC88,215$1.44M0.13%+35,213+66.4%Added
California State Teachers Retirement System87,653$1.43M0.00%+33,546+62.0%Added
Charles Schwab Investment Management Inc87,356$1.43M0.00%+477+0.5%Added
Manufacturers Life Insurance Company, The85,405$1.40M0.00%+5,646+7.1%Added
Hussman Strategic Advisors, Inc.84,000$1.38M0.33%+84,000New
Lansforsakringar Fondforvaltning AB (publ)78,000$1.28M0.01%+10,000+14.7%Added
Creative Planning69,663$1.14M0.00%−8,285−10.6%Reduced
Barclays PLC68,772$1.13M0.00%+19,721+40.2%Added
Winton Group Ltd65,000$1.06M0.04%+65,000New
HRT Financial LP64,879$1.06M0.00%−366,843−85.0%Reduced
Hyperion Capital Advisors LP61,067$999.7K0.49%+46,067+307.1%Added
HighTower Advisors, LLC60,147$984.6K0.00%−564−0.9%Reduced
Lazard Asset Management LLC59,926$981.0K0.00%−182,015−75.2%Reduced
Asset Management One Co.,Ltd.56,553$930.3K0.00%−2,187−3.7%Reduced
Nomura Asset Management Co Ltd56,100$918.4K0.00%00.0%Unchanged
NFJ Investment Group, LLC53,884$882.1K0.03%+2,539+4.9%Added
Sanctuary Advisors, LLC52,916$866.2K0.00%−16,088−23.3%Reduced
Harvest Fund Management Co., Ltd52,676$860.0K0.03%+17,138+48.2%Added
Marex Group plc51,915$849.8K0.01%+40,462+353.3%Added
Havemeyer Place LP51,663$845.7K0.17%+51,663New
EFG International AG48,637$796.4K0.02%+48,637New
Trexquant Investment LP48,172$788.6K0.01%−366,507−88.4%Reduced
Dauntless Investment Group, LLC46,696$764.4K2.81%+26,626+132.7%Added
Swiss Life Asset Management Ltd46,486$761.0K0.00%+10,763+30.1%Added
Triglav Skladi, D.O.O.46,033$753.6K0.05%+11,033+31.5%Added
Point Nemo Capital, LLC45,576$746.1K0.74%+45,576New
Ethic Inc.44,060$721.3K0.01%+10,676+32.0%Added
DnB Asset Management AS44,043$721.0K0.00%−114,994−72.3%Reduced
Neuberger Berman Group LLC43,938$719.3K0.00%−431−1.0%Reduced
Qsemble Capital Management, LP38,334$627.5K0.05%+373+1.0%Added
Fairtree Asset Management (Pty) Ltd38,208$625.5K0.29%+2,854+8.1%Added
VPR Management LLC37,068$606.8K0.27%00.0%Unchanged
Macquarie Group Ltd36,147$591.7K0.00%−24,269−40.2%Reduced
Diametric Capital, LP35,697$584.4K0.16%+35,697New
Axq Capital, LP34,574$566.0K0.13%+6,316+22.4%Added
Atria Investments LLC34,312$561.7K0.01%−2,591−7.0%Reduced
Amalgamated Bank34,217$560.0K0.00%+13,059+61.7%Added
Parallax Volatility Advisers, L.P.34,126$558.6K0.02%+34,126New
Banco Santander, S.A.33,696$551.6K0.00%+33,696New
Drucker Wealth 3.0, LLC33,669$551.2K0.10%+12,830+61.6%Added
Legacy Wealth Asset Management, LLC32,196$527.0K0.13%−105−0.3%Reduced
Mariner, LLC31,843$521.5K0.00%−1,395−4.2%Reduced
Teacher Retirement System of Texas31,533$516.2K0.00%−3,085−8.9%Reduced
SummitTX Capital, L.P.30,978$507.1K0.02%+857+2.8%Added
Man Group plc30,700$502.6K0.00%+30,700New
Martingale Asset Management L P30,171$493.9K0.01%−34,260−53.2%Reduced
DRW Securities, LLC29,079$476.0K0.04%+9,242+46.6%Added
Xponance, Inc.28,687$469.6K0.00%−266−0.9%Reduced
Headlands Technologies LLC28,122$460.4K0.04%+28,122New
Ieq Capital, LLC27,119$443.9K0.00%−19,179−41.4%Reduced
Standard Life Aberdeen plc27,076$443.2K0.00%+1,874+7.4%Added
Omers Administration Corp26,717$437.4K0.00%+26,717New