XP Inc. - Class A Common Shares, par value $0.00001 per share (XP) Institutional Ownership

13F Institutional Holders and Ownership History from Q4 2019 to Q4 2025

Type / Class
Equity / Class A Common Shares, par value $0.00001 per share
Symbol
XP on Nasdaq
Shares outstanding
519,145,250
Price per share
$16.37
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
276,819,976
Total reported value
$4,532,371,773
% of total 13F portfolios
0%
Share change
+13,728,160
Value change
+$200,116,800
Number of holders
254
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of XP Inc. - Class A Common Shares, par value $0.00001 per share (XP) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
XP Control LLC 20% $1,665,687,918 101,752,469 XP Control LLC 11 Feb 2026
Capital World Investors 9.1% $633,472,701 39,691,272 Capital World Investors 31 Mar 2025
BlackRock, Inc. 8.3% +24% $564,478,181 +$92,057,383 34,482,479 +19% BlackRock, Inc. 31 Dec 2025
DODGE & COX 7.9% -20% $658,379,060 -$169,731,712 34,308,445 -20% Dodge & Cox 30 Jun 2025
GENERAL ATLANTIC, L.P. 5.4% $434,238,534 22,758,833 GENERAL ATLANTIC, L.P. 02 Dec 2025

As of 31 Dec 2025, 254 institutional investors reported holding 276,819,976 shares of XP Inc. - Class A Common Shares, par value $0.00001 per share (XP). This represents 53% of the company’s total 519,145,250 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of XP Inc. - Class A Common Shares, par value $0.00001 per share (XP) together control 46% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BlackRock, Inc. 9% 46,729,141 +4.1% 0.01% $764,956,031
Capital World Investors 7.2% 37,497,038 -6% 0.08% $613,829,108
Dodge & Cox 6.5% 33,960,545 -1.5% 0.3% $555,934,122
ARGA Investment Management, LP 3.8% 19,900,087 +119% 8.9% $325,764,424
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 2.4% 12,263,021 +12% 0.06% $200,745,654
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 2.3% 11,799,175 +11% 0.11% $193,152,495
MORGAN STANLEY 1.8% 9,524,277 +13% 0.01% $155,912,433
STATE STREET CORP 1.8% 9,503,007 +1.5% 0.01% $155,564,225
SCHRODER INVESTMENT MANAGEMENT GROUP 1.4% 7,098,293 -42% 0.09% $116,199,056
Ninety One UK Ltd 1.2% 6,186,576 +9.4% 0.22% $101,274,244
NORGES BANK 0.94% 4,898,974 0.01% $80,196,204
GEODE CAPITAL MANAGEMENT, LLC 0.94% 4,866,728 +4.4% 0% $79,285,086
Fisher Asset Management, LLC 0.84% 4,377,265 -3.1% 0.02% $71,655,827
SPX Gestao de Recursos Ltda 0.81% 4,195,379 +110% 7% $68,678,354
VANGUARD GROUP INC 0.73% 3,784,717 +4.7% 0% $61,955,817
Seafarer Capital Partners, LLC 0.73% 3,771,000 0% 16% $61,731,270
Legal & General Group Plc 0.53% 2,760,141 +9% 0.01% $45,183,507
FRANKLIN RESOURCES INC 0.53% 2,734,137 +10% 0.01% $44,757,824
AMERICAN CENTURY COMPANIES INC 0.48% 2,490,307 +2.9% 0.02% $40,766,326
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.46% 2,391,289 0.01% $39,145,402
Absolute Gestao de Investimentos Ltda. 0.44% 2,262,857 +109% 3.9% $37,042,969
JENNISON ASSOCIATES LLC 0.33% 1,738,889 -37% 0.02% $28,465,612
SEI INVESTMENTS CO 0.31% 1,588,560 +54% 0.03% $26,004,811
GOLDMAN SACHS GROUP INC 0.3% 1,570,073 +69% 0% $25,702,099
DEUTSCHE BANK AG\ 0.3% 1,553,131 +158% 0.01% $25,424,754

Institutional Holders of XP Inc. - Class A Common Shares, par value $0.00001 per share (XP) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 276,819,976 $4,532,371,773 +$200,116,800 $16.37 254
2025 Q3 342,996,475 $6,442,808,144 -$13,164,012 $18.79 322
2025 Q2 344,265,264 $6,951,706,117 +$377,789,278 $20.20 309
2025 Q1 335,040,935 $4,611,767,690 -$136,803,600 $13.75 292
2024 Q4 348,803,452 $4,132,545,543 -$67,490,571 $11.85 289
2024 Q3 345,922,012 $6,204,982,692 +$167,811,787 $17.94 288
2024 Q2 310,937,353 $5,472,745,938 -$214,000,177 $17.59 261
2024 Q1 317,010,486 $8,133,237,088 +$637,298,056 $25.66 294
2023 Q4 292,092,779 $7,612,834,051 +$404,153,100 $26.07 298
2023 Q3 279,165,041 $6,434,878,098 -$121,821,450 $23.05 252
2023 Q2 284,088,758 $6,664,823,003 +$66,087,232 $23.46 216
2023 Q1 290,231,753 $3,446,087,203 +$20,158,258 $11.87 183
2022 Q4 286,287,118 $4,391,659,114 +$337,363,526 $15.34 187
2022 Q3 262,990,625 $4,997,664,852 +$17,295,505 $19.01 185
2022 Q2 262,222,323 $4,710,517,238 -$460,330,045 $17.96 183
2022 Q1 259,491,993 $7,808,193,426 +$624,792,920 $30.10 226
2021 Q4 254,666,905 $7,317,159,828 +$1,938,955,632 $28.74 215
2021 Q3 184,985,499 $7,430,571,484 +$135,619,426 $40.17 164
2021 Q2 181,923,879 $7,920,438,932 +$38,872,977 $43.55 161
2021 Q1 181,665,423 $6,848,425,335 +$76,716,970 $37.67 145
2020 Q4 172,732,691 $6,850,977,133 +$1,052,898,333 $39.67 145
2020 Q3 140,345,173 $5,848,600,592 -$41,560,828 $41.69 122
2020 Q2 140,012,535 $5,882,347,838 +$95,355,389 $42.01 113
2020 Q1 137,108,889 $2,653,828,933 -$80,765,358 $19.29 100
2019 Q4 131,809,077 $5,076,890,625 +$4,817,612,631 $38.52 115