XP Inc.
XP • NASDAQ
XP Inc. is a financial - capital markets company in the financial services sector on NASDAQ, led by Thiago Maffra, with a market cap of $10.3B. As of Q3 2025, 65% of shares are held by 317 institutional investors, with BlackRock, Inc. as the largest holder at 8.52%.
CEOThiago Maffra
Overview
Overview of institutional ownership in XP as of Q3 2025 with a market cap of $9.9B
All Institutions
- Institutions
- 317
- Value Held
- $6.4B
- Shares Held
- 342.2M
- Avg Position
- $20.3M
- Median Position
- $1.0M
Hedge Funds
- Hedge Funds
- 41
- Value Held
- $548.3M
- Shares Held
- 29.2M
- Avg Position
- $13.4M
- Median Position
- $1.8M
Ownership Breakdown
Based on market cap of $9.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Biggest Investors
Institutions with the largest positions in XP as of Q3 2025
| Institution | Position Value |
|---|---|
B BlackRock, Inc. Institution | $843.1M 0.01% of portfolio |
C Capital World Investors Institution | $749.8M 0.10% of portfolio |
 DODGE & COX Long Only Manager | $647.8M 0.35% of portfolio |
G GENERAL ATLANTIC LLC Institution | $479.5M 14.40% of portfolio |
 SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth | $230.9M 0.18% of portfolio |
 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager | $206.0M 0.06% of portfolio |
 ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant | $199.9M 0.13% of portfolio |
 STATE STREET CORP Institution | $175.8M 0.01% of portfolio |
 ARGA Investment Management, LP Long Only Manager | $170.6M 4.52% of portfolio |
 MORGAN STANLEY RIA/Wealth | $158.0M 0.01% of portfolio |
Net Capital Flow
Institutional buying and selling activity for XP in Q3 2025
- Net Flow
- −$316.5M
- Buyers
- 117
- Sellers
- 152
- Total Bought
- +$511.5M
- Total Sold
- −$828.0M
- Avg Position
- $19.7M
Biggest Buyers
| Institution | Net Bought |
|---|---|
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth | +$98.5M +5.2M shares |
I Investec Asset Management LTD Long Only Manager | +$71.0M +3.8M shares |
 FMR LLC Institution | +$65.6M +3.5M shares |
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager | +$43.0M +2.3M shares |
S SPX Equities Gestao de Recursos Ltda Institution | +$32.4M +1.7M shares |
R Russell Investments Group, Ltd. RIA/Wealth | +$19.8M +1.1M shares |
J Jump Financial, LLC Institution | +$12.7M +673.3K shares |
A AMERICAN CENTURY COMPANIES INC Institution | +$10.6M +565.8K shares |
 VANGUARD GROUP INC Institution | +$9.7M +517.6K shares |
N NEW YORK STATE COMMON RETIREMENT FUND Institution | +$8.9M +474.9K shares |
Biggest Sellers
| Institution | Net Sold |
|---|---|
O Orbis Allan Gray Ltd RIA/Wealth | −$161.6M −8.0M shares |
 AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy | −$56.3M −3.0M shares |
 UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager | −$55.7M −2.8M shares |
B BlackRock, Inc. Institution | −$37.1M −2.0M shares |
C Capital World Investors Institution | −$32.0M −1.7M shares |
N NATIXIS Institution | −$29.3M −1.5M shares |
 LOS ANGELES CAPITAL MANAGEMENT & EQUITY RESEARCH INC Long Only Manager | −$26.9M −1.4M shares |
 ACADIAN ASSET MANAGEMENT LLC Long Only Manager | −$25.7M −1.4M shares |
C CIBC World Markets Inc. Institution | −$24.4M −1.2M shares |
 VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy | −$24.4M −1.3M shares |
Entry and Exit Activity
Institutions that initiated new positions or completely exited XP in Q3 2025
- New Positions
- 31
- New Value
- $282.2M
- Exited Positions
- 50
- Exited Value
- $375.2M
New Positions
| Institution | Position Value |
|---|---|
ARGA Investment Management, LP Long Only Manager | $170.6M 9.1M shares |
T Tredje AP-fonden Institution | $36.1M 1.9M shares |
I Investec Asset Management North America, Inc. Long Only Manager | $23.3M 1.2M shares |
 Breakout Capital Partners, LP Hedge Fund•Sector | $16.8M 896.3K shares |
W WIM INVESTMENT MANAGEMENT Ltd Institution | $12.3M 654.0K shares |
 MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC Long Only Manager | $6.0M 320.1K shares |
R Rheos Capital Works Inc. Institution | $5.6M 300.0K shares |
S Swedbank AB Institution | $4.2M 221.9K shares |
 NFJ INVESTMENT GROUP, LLC Long Only Manager | $964.8K 51.3K shares |
G GAM Holding AG Institution | $958.3K 51.0K shares |
Exited Positions
| Institution | Previous Position |
|---|---|
O Orbis Allan Gray Ltd RIA/Wealth | $161.6M 8.0M shares |
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager | $55.7M 2.8M shares |
N NATIXIS Institution | $29.3M 1.5M shares |
C CIBC World Markets Inc. Institution | $24.4M 1.2M shares |
M Man Group plc Institution | $19.4M 958.7K shares |
A Absoluto Partners Gestao de Recursos Ltda Institution | $15.4M 762.9K shares |
C Capitolis Liquid Global Markets LLC Private Equity | $9.0M 447.0K shares |
T TWINBEECH CAPITAL LP Hedge Fund•Quant | $8.1M 399.5K shares |
C Cubist Systematic Strategies, LLC Institution | $6.9M 342.9K shares |
 CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro | $5.6M 276.1K shares |
Options Activity
Institutions with the largest Call and Put options positions in XP as of Q3 2025
- Call Positions
- 14
- Call Value
- $96.4M
- Put Positions
- 15
- Put Value
- $84.6M
Call Positions
| Institution | Position Value |
|---|---|
A ATMOS CAPITAL GESTAO DE RECURSOS LTDA. RIA/Wealth | $37.8M 20.1K contracts |
 GOLDMAN SACHS GROUP INC Institution | $19.7M 10.5K contracts |
 CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $12.1M 6.5K contracts |
 SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $8.3M 4.4K contracts |
 Walleye Trading LLC RIA/Wealth | $3.9M 2.1K contracts |
 BANK OF AMERICA CORP /DE/ Institution | $3.8M 2.0K contracts |
 MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy | $3.0M 1.6K contracts |
J JANE STREET GROUP, LLC Institution | $2.0M 1.1K contracts |
P PEAK6 LLC Institution | $1.8M 976.0 contracts |
 TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy | $1.1M 606.0 contracts |
Put Positions
| Institution | Position Value |
|---|---|
GOLDMAN SACHS GROUP INC Institution | $32.9M 17.5K contracts |
 SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. Hedge Fund•Long/Short | $14.5M 7.7K contracts |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $12.8M 6.8K contracts |
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity | $9.1M 4.8K contracts |
Walleye Trading LLC RIA/Wealth | $5.5M 3.0K contracts |
P PEAK6 LLC Institution | $2.2M 1.1K contracts |
 Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | $1.7M 929.0 contracts |
J JANE STREET GROUP, LLC Institution | $1.7M 907.0 contracts |
 Marshall Wace LLP Institution | $1.0M 550.0 contracts |
S SIG BROKERAGE, LP Institution | $723.4K 385.0 contracts |
Most Committed Institutions
Institutions with XP as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. Hedge Fund•Long/Short | 30.31% $129.0M |
A ATMOS CAPITAL GESTAO DE RECURSOS LTDA. RIA/Wealth | 22.17% $156.9M |
 Seafarer Capital Partners, LLC Long Only Manager | 20.21% $70.9M |
G GENERAL ATLANTIC LLC Institution | 14.40% $479.5M |
Breakout Capital Partners, LP Hedge Fund•Sector | 12.46% $16.8M |
P Praetorian PR LLC Hedge Fund•Long/Short | 11.39% $18.8M |
 INCA Investments LLC Hedge Fund•Value | 8.01% $17.4M |
J JGP Global Gestao de Recursos Ltda. Institution | 6.66% $11.3M |
ARGA Investment Management, LP Long Only Manager | 4.52% $170.6M |
 Oaktree Fund Advisors, LLC Institution | 4.08% $2.2M |
Hedge Fund Spotlight
Discover hedge funds investing in XP
C
Campbell & CO Investment Adviser LLC
Hedge Fund • Quant Macro
Portfolio ManagerKevin Dwayne Cole
- Portfolio Value
- $1.3B
- Positions
- 1,051
- Last Reported
- Q3 2025
Sector Allocation
Position in XP Inc.
- Market Value
- $2.8M
- Shares Held
- 149.5K
- Portfolio Weight
- 0.21%
- Owned Since
- 2024-Q4
| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Gold Basic Materials | $11.4M | 0.86% | |
Unknown Unknown | $9.5M | 0.72% | |
Grocery Stores Consumer Defensive | $9.3M | 0.71% |
