ARGA Investment Management, LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 27, 2025), ARGA Investment Management, LP reported 122 stock positions worth $3.1 billion. Its top holding was Las Vegas Sands (LVS) at 10.9% of the portfolio, followed by Trip.com Group Ltd.-ADR (TCOM, 9.6%) and Nutrien (NTR, 8.8%). Compared with Q3 2024, it opened 4 new positions, sold out of 10, added to 43 and reduced 23. The biggest buy was CVS Health (CVS, shares +7568%) and the biggest sale Tapestry (TPR, shares −99%).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001556915
Portfolio Value
$3.1B (Q4 2024)
SEC Filing
0001104659-25-006172 ↗ filed Jan 27, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $3.0B Q1 2024 Q2 2024: $2.8B Q2 2024 Q3 2024: $3.0B Q3 2024 Q4 2024: $3.1B $3.1B Q4 2024 Q1 2025: $3.0B Q1 2025 Q2 2025: $3.7B Q2 2025 Q3 2025: $3.8B Q3 2025 Q4 2025: $3.7B Q4 2025 Q1 2026: $3.0B Q1 2026 Q2 2026: $3.9B Q2 2026

Holdings 122 stocks · $3.1B
LVS Las Vegas Sands Corp. 10.90% 6,501,382 $333.9M Add +32.0%
TCOM Trip.com Group Ltd.-ADR 9.64% 4,300,029 $295.2M Reduce -27.1%
NTR Nutrien Ltd. 8.83% 6,043,590 $270.4M Add +25.7%
UBS UBS Group AG-Reg 7.32% 7,338,038 $224.3M Add +6.5%
MLCO Melco Resorts & Entert-ADR 5.60% 29,652,424 $171.7M Add +1.6%
BBD Banco Bradesco-ADR 5.16% 82,839,944 $158.2M Add +215.1%
TSM Taiwan Semiconductor-SP ADR 5.02% 777,994 $153.6M Reduce -6.5%
BAP Credicorp Ltd. 4.75% 794,587 $145.7M Add +0.9%
PBR Petroleo Brasileiro-Spon ADR 4.62% 10,997,798 $141.4M Reduce -1.9%
AA Alcoa Corp. 3.70% 2,998,311 $113.3M Add +29.6%
CVS CVS Health Corp. 3.52% 2,402,901 $107.9M Add +7567.7%
BABA Alibaba Group Holding-SP ADR 3.51% 1,268,296 $107.5M Reduce -1.5%
MGA Magna International Inc. 3.49% 2,561,491 $107.0M Add +158.1%
HDB HDFC Bank Ltd.-ADR 3.02% 1,449,813 $92.6M Add +3.2%
HP Helmerich & Payne 2.81% 2,686,215 $86.0M Add +42.5%
PTEN Patterson-Uti Energy Inc. 2.75% 10,214,860 $84.4M Add +421.0%
ALK Alaska Air Group Inc. 2.21% 1,045,102 $67.7M Add +8.3%
SW Smurfit Westrock PLC 2.16% 1,227,386 $66.3M Reduce -33.4%
LEA Lear Corp. 1.84% 595,615 $56.4M Add +25.7%
G Genpact Ltd. 1.08% 772,917 $33.2M Add +14.1%
BAX Baxter International Inc. 0.83% 870,601 $25.4M Add +148.8%
CMCSA Comcast Corp. Class A 0.59% 477,589 $17.9M Add +83.4%
GILD Gilead Sciences Inc. 0.55% 180,870 $16.7M Reduce -79.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.54% 376,277 $16.5M Add +60.7%
LBTYA Liberty Global Ltd. Class A 0.42% 1,010,732 $12.9M Add +72.1%
NWL Newell Brands Inc. 0.40% 1,236,168 $12.3M Add +45.0%
SWKS Skyworks Solutions Inc. 0.38% 131,186 $11.6M Reduce -57.2%
ARW Arrow Electronics Inc. 0.29% 78,635 $8.9M Add +15.4%
SNREY Sunrise Communicat Class A 0.25% 175,368 $7.6M New
MAN Manpowergroup Inc. 0.17% 91,752 $5.3M Add +1.7%
CPRI Capri Holdings Ltd. 0.16% 227,957 $4.8M Add +149.4%
VSXY Victoria's Secret & Co. 0.13% 98,480 $4.1M Reduce -7.1%
CTSH Cognizant Tech Solutions-A 0.12% 49,621 $3.8M Add +75.7%
UGI Ugi Corp. 0.11% 115,254 $3.3M No change
LCII Lci Industries 0.09% 27,030 $2.8M No change
REZI Resideo Technologies Inc. 0.09% 118,840 $2.7M No change
CC The Chemours Co. 0.08% 148,614 $2.5M Add +0.7%
COLB Columbia Banking System Inc. 0.08% 90,047 $2.4M Reduce -39.6%
BRK.B Berkshire Hathaway Inc. Class B 0.07% 4,893 $2.2M No change
FAF First American Financial 0.07% 34,593 $2.2M Reduce -86.1%
PII Polaris Inc. 0.07% 35,162 $2.0M No change
OLN Olin Corp. 0.07% 59,813 $2.0M Add +47.2%
WCC Wesco International Inc. 0.07% 11,151 $2.0M No change
TEL Te Connectivity PLC 0.06% 13,717 $2.0M Add +12.6%
CRC California Resources Corp. 0.06% 37,541 $1.9M No change
PVH PVH Corp. 0.06% 17,885 $1.9M Add +394.2%
MU Micron Technology Inc. 0.06% 22,405 $1.9M No change
DLTR Dollar Tree Inc. 0.06% 25,064 $1.9M No change
TS Tenaris SA-ADR 0.06% 49,118 $1.9M No change
KFY Korn Ferry 0.06% 26,786 $1.8M Add +17.8%
IPGP Ipg Photonics Corp. 0.06% 24,040 $1.7M No change
IVZ Invesco Ltd. 0.06% 99,080 $1.7M No change
JPM JPMorgan Chase & Co. 0.05% 6,950 $1.7M No change
CSCO Cisco Systems Inc. 0.05% 27,986 $1.7M No change
AWK American Water Works Co. Inc. 0.05% 13,091 $1.6M Reduce -7.2%
ICHR Ichor Holdings Ltd. 0.05% 48,765 $1.6M No change
WYNN WYNN Resorts Ltd. 0.05% 17,850 $1.5M Reduce -21.3%
DOW Dow Inc. 0.05% 37,895 $1.5M Add +33.4%
JAZZ Jazz Pharmaceuticals PLC 0.05% 12,195 $1.5M No change
DOX Amdocs Ltd. 0.05% 17,031 $1.5M No change
RTX RTX Corp. 0.05% 12,528 $1.4M Add +22.5%
BERY Berry Global Group Inc. 0.05% 21,922 $1.4M No change
MHK Mohawk Industries Inc. 0.05% 11,807 $1.4M Reduce -96.7%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.05% 12,212 $1.4M Add +7.8%
THO Thor Industries Inc. 0.05% 14,422 $1.4M No change
JD Jd.com Inc.-ADR 0.04% 39,440 $1.4M Add +37.2%
JHG Janus Henderson Group PLC 0.04% 32,108 $1.4M No change
AER Aercap Holdings NV 0.04% 14,230 $1.4M Add +20.2%
KELYA Kelly Services Inc. Class A 0.04% 97,482 $1.4M Add +28.6%
RNR Renaissancere Holdings Ltd. 0.04% 5,414 $1.3M Reduce -0.7%
CZR Caesars Entertainment Inc. 0.04% 39,946 $1.3M No change
EOG EOG Resources Inc. 0.04% 10,825 $1.3M No change
COP Conocophillips 0.04% 12,766 $1.3M No change
ETR Entergy Corp. 0.04% 15,618 $1.2M No change
NXPI NXP Semiconductors NV 0.04% 5,695 $1.2M Reduce -93.0%
PBF PBF Energy Inc. Class A 0.04% 43,749 $1.2M Add +15.3%
QCOM Qualcomm Inc. 0.03% 6,338 $974K No change
ABT Abbott Laboratories 0.03% 8,465 $957K No change
BEN Franklin Templeton Inc. 0.03% 46,598 $945K No change
BIDU Baidu Inc. - Spon ADR 0.03% 10,945 $923K No change
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.03% 17,826 $859K No change
CRI Carter's Inc. 0.03% 15,530 $842K No change
TPR Tapestry Inc. 0.03% 12,376 $809K Reduce -99.4%
CI The Cigna Group 0.02% 2,699 $745K No change
AMAT Applied Materials Inc. 0.02% 4,327 $704K Add +57.1%
ALIT Alight Inc. Class A 0.02% 101,399 $702K No change
WD Walker & Dunlop Inc. 0.02% 7,205 $700K No change
LYB Lyondellbasell Indu Class A 0.02% 9,308 $691K No change
REYN Reynolds Consumer Products I 0.02% 24,135 $651K No change
NAVI Navient Corp. 0.02% 48,972 $651K No change
GGB Gerdau SA -Spon ADR 0.02% 225,411 $649K Add +0.9%
AGO Assured Guaranty Ltd. 0.02% 6,852 $617K Add +34.7%
AMWD American Woodmark Corp. 0.02% 7,352 $585K No change
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.02% 60,132 $560K Reduce -3.2%
JNPR Juniper Networks Inc. 0.02% 14,962 $560K No change
OPLN Openlane Inc. 0.02% 27,768 $551K Add +0.5%
BIIB Biogen Inc. 0.02% 3,532 $540K Add +34.7%
SHG Shinhan Financial Group-ADR 0.02% 16,200 $533K No change
IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 0.02% 6,068 $513K No change
JBL Jabil Inc. 0.02% 3,480 $501K New

Show all 122 holdings

Portfolio Sells Q3 2024 → Q4 2024
TPR Tapestry Inc. Reduce -99.4% 0.03% −3.31
TCOM Trip.com Group Ltd.-ADR Reduce -27.1% 9.64% −1.97
GILD Gilead Sciences Inc. Reduce -79.1% 0.55% −1.86
MHK Mohawk Industries Inc. Reduce -96.7% 0.05% −1.84
C Citigroup Inc. Sold out 0.00% −1.53
DIS The Walt Disney Co. Sold out 0.00% −1.33
BABA Alibaba Group Holding-SP ADR Reduce -1.5% 3.51% −1.01
SW Smurfit Westrock PLC Reduce -33.4% 2.16% −0.88
PBR Petroleo Brasileiro-Spon ADR Reduce -1.9% 4.62% −0.73
SWKS Skyworks Solutions Inc. Reduce -57.2% 0.38% −0.62
NXPI NXP Semiconductors NV Reduce -93.0% 0.04% −0.61
FAF First American Financial Reduce -86.1% 0.07% −0.47
SU Suncor Energy Inc. Sold out 0.00% −0.41
AVT Avnet Inc. Reduce -94.0% 0.01% −0.25
TSN Tyson Foods Inc. Class A Sold out 0.00% −0.24
AGCO Agco Corp. Sold out 0.00% −0.05
HRI Herc Holdings Inc. Sold out 0.00% −0.05
COLB Columbia Banking System Inc. Reduce -39.6% 0.08% −0.05
SLM SLM Corp. Reduce -74.3% 0.02% −0.04
GSL Global Ship Lease Inc. Class A Reduce -61.0% 0.01% −0.03
AMRC Ameresco Inc. Class A Sold out 0.00% −0.02
DFS Discover Financial Services Sold out 0.00% −0.02
WYNN WYNN Resorts Ltd. Reduce -21.3% 0.05% −0.02
AWK American Water Works Co. Inc. Reduce -7.2% 0.05% −0.02
PDCO Patterson Cos Inc. Sold out 0.00% −0.01
ATSG Air Transport Services Group Sold out 0.00% −0.01
VET Vermilion Energy Inc. Reduce -29.8% 0.01% −0.01
RNR Renaissancere Holdings Ltd. Reduce -0.7% 0.04% −0.01
HOS Hornbeck Offshore Services I Reduce -3.2% 0.02% −0.00
HMN Horace Mann Educators Reduce -41.4% 0.01% −0.00
SCS Steelcase Inc. Class A Reduce -0.8% 0.01% −0.00
VSXY Victoria's Secret & Co. Reduce -7.1% 0.13% +0.04
TSM Taiwan Semiconductor-SP ADR Reduce -6.5% 5.02% +0.23

Portfolio Buys Q3 2024 → Q4 2024
CVS CVS Health Corp. Add +7567.7% 3.52% +3.46
BBD Banco Bradesco-ADR Add +215.1% 5.16% +2.85
LVS Las Vegas Sands Corp. Add +32.0% 10.90% +2.69
PTEN Patterson-Uti Energy Inc. Add +421.0% 2.75% +2.26
MGA Magna International Inc. Add +158.1% 3.49% +2.15
NTR Nutrien Ltd. Add +25.7% 8.83% +1.18
HP Helmerich & Payne Add +42.5% 2.81% +0.91
ALK Alaska Air Group Inc. Add +8.3% 2.21% +0.76
AA Alcoa Corp. Add +29.6% 3.70% +0.74
BAX Baxter International Inc. Add +148.8% 0.83% +0.39
UBS UBS Group AG-Reg Add +6.5% 7.32% +0.29
SNREY Sunrise Communicat Class A New 0.25% +0.25
BAC Bank of America Corp. Add +60.7% 0.54% +0.23
CMCSA Comcast Corp. Class A Add +83.4% 0.59% +0.22
G Genpact Ltd. Add +14.1% 1.08% +0.20
NWL Newell Brands Inc. Add +45.0% 0.40% +0.19
LEA Lear Corp. Add +25.7% 1.84% +0.13
HDB HDFC Bank Ltd.-ADR Add +3.2% 3.02% +0.11
CTSH Cognizant Tech Solutions-A Add +75.7% 0.12% +0.05
PVH PVH Corp. Add +394.2% 0.06% +0.05
BAP Credicorp Ltd. Add +0.9% 4.75% +0.03
CPRI Capri Holdings Ltd. Add +149.4% 0.16% +0.03
JBL Jabil Inc. New 0.02% +0.02
CNXC Concentrix Corp. New 0.02% +0.02
FMC FMC Corp. New 0.01% +0.01
LBTYA Liberty Global Ltd. Class A Add +72.1% 0.42% +0.01
AER Aercap Holdings NV Add +20.2% 0.04% +0.01
AGO Assured Guaranty Ltd. Add +34.7% 0.02% +0.01
JD Jd.com Inc.-ADR Add +37.2% 0.04% +0.01
RTX RTX Corp. Add +22.5% 0.05% +0.01
AMAT Applied Materials Inc. Add +57.1% 0.02% +0.00
TROW T Rowe Price Group Inc. Add +7.8% 0.05% +0.00
TEL Te Connectivity PLC Add +12.6% 0.06% +0.00
OPLN Openlane Inc. Add +0.5% 0.02% +0.00
KFY Korn Ferry Add +17.8% 0.06% +0.00
OLN Olin Corp. Add +47.2% 0.07% +0.00
BIIB Biogen Inc. Add +34.7% 0.02% +0.00
UCTT Ultra Clean Holdings Inc. Add +2.6% 0.01% −0.00
PBF PBF Energy Inc. Class A Add +15.3% 0.04% −0.00
VSH Vishay Intertechnology Inc. Add +0.7% 0.01% −0.00
DOW Dow Inc. Add +33.4% 0.05% −0.00
GGB Gerdau SA -Spon ADR Add +0.9% 0.02% −0.00
ARW Arrow Electronics Inc. Add +15.4% 0.29% −0.01
KELYA Kelly Services Inc. Class A Add +28.6% 0.04% −0.01
CC The Chemours Co. Add +0.7% 0.08% −0.02
MAN Manpowergroup Inc. Add +1.7% 0.17% −0.05
MLCO Melco Resorts & Entert-ADR Add +1.6% 5.60% −1.93

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 121$3.9BXP, AER, TSM, PBR, TCOM
Q1 2026 109$3.0BXP, PBR, BBD, MGA, TSM
Q4 2025 110$3.7BBBD, NTR, XP, TCOM, PBR
Q3 2025 110$3.8BBBD, NTR, TCOM, PBR, LVS
Q2 2025 123$3.7BLVS, BBD, NTR, TCOM, UBS
Q1 2025 121$3.0BNTR, LVS, BBD, TCOM, UBS
Q4 2024 122$3.1BLVS, TCOM, NTR, UBS, MLCO
Q3 2024 128$3.0BTCOM, LVS, NTR, MLCO, UBS
Q2 2024 128$2.8BBABA, NTR, MLCO, UBS, TCOM
Q1 2024 138$3.0BBABA, MLCO, TCOM, TSM, NTR