Who owns XP
Which tracked institutional funds hold XP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See XP company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-21). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
53 tracked funds added or opened XP while 153 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
XP’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes XP more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in XP divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 305 tracked filers holding XP, 144 increased or opened the position and 217 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in XP between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 18
- Fourth Sail Capital LP$24M
- Bridgewater Associates, LP$20M
- Itau Unibanco Holding S.A.$18M
- Sagil Capital LLP$16M
- Endure Capital Management, LLC$8M
- Allianz Asset Management GmbH$6M
Full exits 45
- SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA.$74M
- JENNISON ASSOCIATES LLC$26M
- Amundi$22M
- Think Investments LP$22M
- Aware Super Pty Ltd as trustee of Aware Super$15M
- SG Americas Securities, LLC$13M
Largest adds
- BlackRock, Inc.$211M
- SPX Gestao de Recursos Ltda$56M
- MARSHALL WACE, LLP$44M
- FRANKLIN RESOURCES INC$15M
- CITADEL ADVISORS LLC$9M
- JPMORGAN CHASE & CO$9M
Largest trims
- PRICE T ROWE ASSOCIATES INC /MD/$104M
- Dodge & Cox$94M
- GENERAL ATLANTIC, L.P.$57M
- UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC$56M
- Capital World Investors$49M
- FMR LLC$41M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 48,995,053 | $797M | 12.8% | 2026-Q2 |
| Dodge & Cox trimmed | 32,564,312 | $529M | 8.5% | 2026-Q2 |
| ARGA Investment Management, LP added | 24,643,382 | $401M | 6.4% | 2026-Q2 |
| GENERAL ATLANTIC, L.P. | 20,566,133 | $334M | 5.4% | 2026-Q2 |
| Capital World Investors added | 19,370,669 | $315M | 5.0% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 12,558,750 | $206M | 3.3% | 2026-Q2 |
| STATE STREET CORP trimmed | 9,695,792 | $158M | 2.5% | 2026-Q2 |
| Ninety One UK Ltd added | 8,058,589 | $131M | 2.1% | 2026-Q2 |
| FMR LLC trimmed | 7,976,508 | $130M | 2.1% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 7,026,948 | $114M | 1.8% | 2026-Q2 |
| MARSHALL WACE, LLP added | 6,528,760 | $106M | 1.7% | 2026-Q2 |
| MORGAN STANLEY added | 6,489,878 | $106M | 1.7% | 2026-Q2 |
| Capital Research Global Investors added | 5,038,054 | $82M | 1.3% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 4,831,527 | $79M | 1.3% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 4,845,463 | $78M | 1.3% | 2026-Q2 |
| SPX Gestao de Recursos Ltda added | 4,813,132 | $78M | 1.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 4,470,393 | $73M | 1.2% | 2026-Q2 |
| Fisher Asset Management, LLC trimmed | 4,105,772 | $67M | 1.1% | 2026-Q2 |
| Seafarer Capital Partners, LLC added | 3,911,000 | $64M | 1.0% | 2026-Q2 |
| NORGES BANK trimmed | 3,722,196 | $61M | 1.0% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 3,168,108 | $52M | 0.8% | 2026-Q2 |
| OAKTREE CAPITAL MANAGEMENT LP trimmed | 3,116,809 | $51M | 0.8% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 3,050,946 | $50M | 0.8% | 2026-Q2 |
| Legal & General Group Plc trimmed | 2,806,911 | $46M | 0.7% | 2026-Q2 |
| NORTHERN TRUST CORP added | 2,793,275 | $45M | 0.7% | 2026-Q2 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main added | 2,723,316 | $44M | 0.7% | 2026-Q2 |
| BAMCO INC /NY/ trimmed | 2,634,268 | $43M | 0.7% | 2026-Q2 |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. trimmed | 2,082,802 | $34M | 0.5% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 1,980,045 | $32M | 0.5% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 1,901,484 | $31M | 0.5% | 2026-Q2 |
| Navi International - Administradora e Gestora de Recursos Financeiros Ltda. trimmed | 1,837,985 | $30M | 0.5% | 2026-Q2 |
| Ninety One North America, Inc. trimmed | 1,822,045 | $30M | 0.5% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 1,767,739 | $29M | 0.5% | 2026-Q2 |
| UBS Group AG added | 1,724,803 | $28M | 0.4% | 2026-Q2 |
| Man Group plc trimmed | 1,724,253 | $28M | 0.4% | 2026-Q2 |
| SEI INVESTMENTS CO added | 1,666,860 | $27M | 0.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 1,583,348 | $26M | 0.4% | 2026-Q2 |
| FEDERATED HERMES, INC. trimmed | 1,544,150 | $25M | 0.4% | 2026-Q2 |
| Praetorian PR LLC added | 1,525,000 | $25M | 0.4% | 2026-Q2 |
| Fourth Sail Capital LP added | 1,500,660 | $24M | 0.4% | 2026-Q2 |
| Nuveen, LLC added | 1,448,098 | $24M | 0.4% | 2026-Q2 |
| DEUTSCHE BANK AG\ trimmed | 1,335,820 | $22M | 0.3% | 2026-Q2 |
| Bridgewater Associates, LP new | 1,255,551 | $20M | 0.3% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 1,247,431 | $20M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 1,236,549 | $20M | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 1,224,028 | $20M | 0.3% | 2026-Q2 |
| Itau Unibanco Holding S.A. added | 1,123,028 | $18M | 0.3% | 2026-Q2 |
| CITIGROUP INC trimmed | 1,061,750 | $17M | 0.3% | 2026-Q2 |
| HSBC HOLDINGS PLC trimmed | 1,052,409 | $17M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 1,004,358 | $16M | 0.3% | 2026-Q2 |
| Sagil Capital LLP added | 1,000,000 | $16M | 0.3% | 2026-Q2 |
| Optiver Holding B.V. trimmed | 985,206 | $16M | 0.3% | 2026-Q2 |
| Assenagon Asset Management S.A. trimmed | 947,448 | $15M | 0.2% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. added | 895,429 | $15M | 0.2% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd trimmed | 790,955 | $13M | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 780,873 | $13M | 0.2% | 2026-Q2 |
| Swiss National Bank trimmed | 772,764 | $13M | 0.2% | 2026-Q2 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO added | 761,219 | $12M | 0.2% | 2026-Q2 |
| California Public Employees Retirement System added | 754,683 | $12M | 0.2% | 2026-Q2 |
| FIL Ltd trimmed | 719,544 | $12M | 0.2% | 2026-Q2 |
| Robeco Institutional Asset Management B.V. trimmed | 704,779 | $11M | 0.2% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 693,516 | $11M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 685,449 | $11M | 0.2% | 2026-Q2 |
| THORNBURG INVESTMENT MANAGEMENT INC added | 671,549 | $11M | 0.2% | 2026-Q2 |
| JGP Global Gestao de Recursos Ltda. added | 657,219 | $11M | 0.2% | 2026-Q2 |
| Mitsubishi UFJ Trust & Banking Corp trimmed | 614,527 | $10M | 0.2% | 2026-Q2 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC added | 613,381 | $10M | 0.2% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 597,672 | $10M | 0.2% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 591,851 | $10M | 0.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 556,031 | $9M | 0.1% | 2026-Q2 |
| Pictet Asset Management Holding SA added | 535,592 | $9M | 0.1% | 2026-Q2 |
| VOYA INVESTMENT MANAGEMENT LLC added | 522,260 | $8M | 0.1% | 2026-Q2 |
| Sustainable Growth Advisers, LP trimmed | 489,754 | $8M | 0.1% | 2026-Q2 |
| Mawer Investment Management Ltd. trimmed | 24,589,426 | $338M | 5.4% | 2025-Q1 stale |
| Orbis Allan Gray Ltd new | 8,001,932 | $162M | 2.6% | 2025-Q2 stale |
| WELLINGTON MANAGEMENT GROUP LLP added | 5,993,854 | $82M | 1.3% | 2025-Q1 stale |
| SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. trimmed | 3,909,501 | $74M | 1.2% | 2026-Q1 stale |
| CANADA PENSION PLAN INVESTMENT BOARD | 3,907,937 | $73M | 1.2% | 2025-Q3 stale |
| VANGUARD GROUP INC added | 3,784,717 | $62M | 1.0% | 2025-Q4 stale |
| CAUSEWAY CAPITAL MANAGEMENT LLC added | 2,538,130 | $48M | 0.8% | 2025-Q3 stale |
| Tredje AP-fonden new | 1,923,000 | $36M | 0.6% | 2025-Q3 stale |
| NATIXIS added | 1,452,319 | $29M | 0.5% | 2025-Q2 stale |
| JENNISON ASSOCIATES LLC trimmed | 1,357,313 | $26M | 0.4% | 2026-Q1 stale |
| CIBC WORLD MARKETS CORP trimmed | 1,228,500 | $25M | 0.4% | 2025-Q2 stale |
| CIBC WORLD MARKET INC. trimmed | 1,210,200 | $24M | 0.4% | 2025-Q2 stale |
| Amundi added | 1,157,087 | $22M | 0.4% | 2026-Q1 stale |
| Think Investments LP new | 1,132,200 | $22M | 0.3% | 2026-Q1 stale |
| INCA Investments LLC trimmed | 926,752 | $17M | 0.3% | 2025-Q3 stale |
| Absoluto Partners Gestao de Recursos Ltda trimmed | 762,871 | $15M | 0.2% | 2025-Q2 stale |
| Aware Super Pty Ltd as trustee of Aware Super new | 797,491 | $15M | 0.2% | 2026-Q1 stale |
| SG Americas Securities, LLC added | 680,507 | $13M | 0.2% | 2026-Q1 stale |
| WIM INVESTMENT MANAGEMENT Ltd new | 654,000 | $12M | 0.2% | 2025-Q3 stale |
| Absolute Gestao de Investimentos Ltda. trimmed | 584,578 | $11M | 0.2% | 2026-Q1 stale |
| Truxt Investmentos Ltda. trimmed | 568,151 | $11M | 0.2% | 2026-Q1 stale |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC trimmed | 596,760 | $10M | 0.2% | 2025-Q4 stale |
| Rheos Capital Works Inc. | 500,000 | $10M | 0.2% | 2026-Q1 stale |
| Treasurer of the State of North Carolina added | 492,178 | $9M | 0.2% | 2026-Q1 stale |
| PointState Capital LP new | 571,756 | $9M | 0.1% | 2025-Q4 stale |
| Capitolis Liquid Global Markets LLC new | 447,000 | $9M | 0.1% | 2025-Q2 stale |
| TB Capital Gestao de Recursos Ltda. trimmed | 478,740 | $9M | 0.1% | 2025-Q3 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.