XP Inc.: which funds bought and sold
Institutions that bought and sold XP shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 144 institutions that filed 13F reports for both quarters added to or opened positions in XP, and 206 cut or closed them. Together they sold a net 2.5M shares, −0.8% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 361K shares (−0.3%); index fund managers were net buyers of 3.5M shares (+5.2%). 35 opened a new position and 72 sold out entirely.
Bought, Q2 2026 144 institutions, 35 of them new holders Sold, Q2 2026 206 institutions, 72 of them sold out
Net change, all compared −2.5M shares (−0.8%)
Net change, active managers −361K shares (−0.3%), 25 bought, 30 sold
Buyers versus sellers
144 bought 38 206 sold
Active managers and hedge funds 25 bought · 30 sold · −361K
Index fund managers 5 bought · 5 sold · +3.5M
Other institutions 114 bought · 171 sold · −5.6M
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Arga Investment Management, LP Active manager | +3.9M +19.1% | 24.6M | $401M |
| Spx Gestao De Recursos Ltda | +3.6M +305.5% | 4.8M | $78.3M |
| Marshall Wace, LLP Hedge fund | +3.3M +101.5% | 6.5M | $106M |
| Blackrock, Inc. Index funds | +2.5M +5.3% | 49.0M | $797M |
| Fourth Sail Capital LP | +1.5M New position | 1.5M | $24.4M |
| Franklin Resources Inc Active manager | +1.5M +48.3% | 4.5M | $72.7M |
| Bridgewater Associates, LP Hedge fund | +1.3M New position | 1.3M | $20.4M |
| Itau Unibanco Holding S.A. | +1.1M New position | 1.1M | $18.3M |
| Sagil Capital LLP | +1.0M New position | 1.0M | $16.3M |
| Vanguard Portfolio Management LLC Index funds | +859K +39.2% | 3.1M | $49.6M |
| DZ Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main | +777K +39.9% | 2.7M | $44.3M |
| Jpmorgan Chase & Co | +560K +126.2% | 1.0M | $16.4M |
| Praetorian Pr LLC | +525K +52.5% | 1.5M | $24.8M |
| Morgan Stanley | +509K +8.5% | 6.5M | $106M |
| Citadel Advisors LLC Hedge fund | +486K +63.7% | 1.2M | $20.3M |
| Endure Capital Management, LLC | +462K New position | 462K | $7.5M |
| Jgp Global Gestao De Recursos Ltda. | +398K +153.2% | 657K | $10.7M |
| Allianz Asset Management Gmbh | +369K New position | 369K | $6M |
| Los Angeles Capital Management LLC Active manager | +338K +133.2% | 592K | $9.6M |
| Susquehanna Fundamental Investments, LLC | +322K +110.4% | 613K | $10M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Arga Investment Management, LP Active manager | +3.9M +19.1% | 24.6M | $401M |
| Marshall Wace, LLP Hedge fund | +3.3M +101.5% | 6.5M | $106M |
| Franklin Resources Inc Active manager | +1.5M +48.3% | 4.5M | $72.7M |
| Bridgewater Associates, LP Hedge fund | +1.3M New position | 1.3M | $20.4M |
| Citadel Advisors LLC Hedge fund | +486K +63.7% | 1.2M | $20.3M |
| Los Angeles Capital Management LLC Active manager | +338K +133.2% | 592K | $9.6M |
| Capital World Investors Active manager | +267K +1.4% | 19.4M | $315M |
| Massachusetts Financial Services Co Active manager | +228K +1.8% | 12.6M | $206M |
| American Century Companies Inc Active manager | +186K +6.2% | 3.2M | $51.5M |
| Millennium Management LLC Hedge fund | +174K +364.8% | 221K | $3.6M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Price T Rowe Associates Inc Active manager | −5.4M −96.2% | 212K | $3.5M |
| Squadra Investments - Gestao De Recursos Ltda. | −3.9M Sold out | 0 | — |
| UBS Am, A Distinct Business Unit Of UBS Asset Management Americas LLC | −2.9M −99.7% | 8,734 | $142,015 |
| Jennison Associates LLC Active manager | −1.4M Sold out | 0 | — |
| Think Investments LP | −1.1M Sold out | 0 | — |
| FMR LLC Active manager | −1.1M −12.2% | 8.0M | $130M |
| Man Group PLC Hedge fund | −1.1M −38.5% | 1.7M | $28M |
| Robeco Institutional Asset Management B.V. | −951K −57.4% | 705K | $11.5M |
| Navi International - Administradora E Gestora De Recursos Financeiros Ltda. | −841K −31.4% | 1.8M | $29.9M |
| Aware Super Pty Ltd As Trustee Of Aware Super | −797K Sold out | 0 | — |
| SG Americas Securities, LLC | −640K −94.1% | 40K | $656,000 |
| Arrowstreet Capital, Limited Partnership Hedge fund | −632K −8.3% | 7.0M | $114M |
| Optiver Holding B.V. | −590K −37.4% | 985K | $16M |
| Absolute Gestao De Investimentos Ltda. | −585K Sold out | 0 | — |
| Truxt Investmentos Ltda. | −568K Sold out | 0 | — |
| Voloridge Investment Management, LLC Hedge fund | −550K −47.9% | 598K | $9.7M |
| Fil Ltd Active manager | −407K −36.1% | 720K | $11.7M |
| Alliancebernstein L.P. Active manager | −380K −51.8% | 353K | $6.7M |
| Two Sigma Investments, LP Hedge fund | −376K −57.3% | 280K | $4.6M |
| Deutsche Bank Ag\ | −363K −21.4% | 1.3M | $21.7M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Price T Rowe Associates Inc Active manager | −5.4M −96.2% | 212K | $3.5M |
| Jennison Associates LLC Active manager | −1.4M Sold out | 0 | — |
| FMR LLC Active manager | −1.1M −12.2% | 8.0M | $130M |
| Man Group PLC Hedge fund | −1.1M −38.5% | 1.7M | $28M |
| Arrowstreet Capital, Limited Partnership Hedge fund | −632K −8.3% | 7.0M | $114M |
| Voloridge Investment Management, LLC Hedge fund | −550K −47.9% | 598K | $9.7M |
| Fil Ltd Active manager | −407K −36.1% | 720K | $11.7M |
| Alliancebernstein L.P. Active manager | −380K −51.8% | 353K | $6.7M |
| Two Sigma Investments, LP Hedge fund | −376K −57.3% | 280K | $4.6M |
| Fisher Asset Management, LLC Active manager | −295K −6.7% | 4.1M | $66.8M |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Fourth Sail Capital LP | 1.5M | $24.4M |
| Bridgewater Associates, LPHedge fund | 1.3M | $20.4M |
| Itau Unibanco Holding S.A. | 1.1M | $18.3M |
| Sagil Capital LLP | 1.0M | $16.3M |
| Endure Capital Management, LLC | 462K | $7.5M |
| Allianz Asset Management Gmbh | 369K | $6M |
| Thompson Siegel & Walmsley LLC | 197K | $3.2M |
| Matthews International Capital Management LLC | 195K | $3.2M |
| Cyndeo Wealth Partners, LLC | 193K | $3.1M |
| Harding Loevner LPActive manager | 163K | $2.6M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Squadra Investments - Gestao De Recursos Ltda. | 3.9M | $74.4M |
| Jennison Associates LLCActive manager | 1.4M | $25.8M |
| Think Investments LP | 1.1M | $21.6M |
| Aware Super Pty Ltd As Trustee Of Aware Super | 797K | $15.2M |
| Absolute Gestao De Investimentos Ltda. | 585K | $11.1M |
| Truxt Investmentos Ltda. | 568K | $10.8M |
| Globeflex Capital L P | 343K | $6.5M |
| Cinctive Capital Management LPHedge fund | 227K | $4.3M |
| Barings LLC | 201K | $3.8M |
| Wealth High Governance Asset Management Ltda. | 195K | $3.7M |
Who holds the shares
- Institutions reporting
- 319
- Ten largest holders
- 57.3% of 13F-reported shares
- Index fund managers
- 21.0% of 13F-reported shares
- Active managers and hedge funds
- 42.9% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 25 | 30 | 6 | 10 | −361K | −0.3% |
| Index fund managers | 5 | 5 | 0 | 0 | +3.5M | +5.2% |
| Other institutions | 114 | 171 | 29 | 62 | −5.6M | −4.6% |