ARGA Investment Management, LP

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 31, 2025), ARGA Investment Management, LP reported 123 stock positions worth $3.7 billion. Its top holding was Las Vegas Sands (LVS) at 12.0% of the portfolio, followed by Banco Bradesco-ADR (BBD, 10.7%) and Nutrien (NTR, 10.5%). Compared with Q1 2025, it opened 13 new positions, sold out of 11, added to 31 and reduced 30. The biggest buy was Las Vegas Sands (LVS, shares +37%) and the biggest sale CVS Health (CVS, shares −88%).

Most Recent 13F
Q2 2026
Location
STAMFORD, CT
CIK
0001556915
Portfolio Value
$3.7B (Q2 2025)
SEC Filing
0001104659-25-072553 ↗ filed Jul 31, 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 Q4 2024 Q1 2025: $3.0B Q1 2025 Q2 2025: $3.7B $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 123 stocks · $3.7B
LVS Las Vegas Sands Corp. 11.95% 10,040,975 $436.9M Add +36.8%
BBD Banco Bradesco-ADR 10.72% 126,815,042 $391.9M Add +0.1%
NTR Nutrien Ltd. 10.51% 6,592,381 $384.1M Add +1.3%
TCOM Trip.com Group Ltd.-ADR 9.70% 6,044,104 $354.4M Add +41.2%
UBS UBS Group AG-Reg 6.75% 7,289,109 $246.7M Add +0.9%
MLCO Melco Resorts & Entert-ADR 5.90% 29,813,598 $215.6M Add +0.2%
BAP Credicorp Ltd. 4.22% 689,509 $154.1M Reduce -4.3%
TSM Taiwan Semiconductor-SP ADR 4.14% 668,186 $151.3M Reduce -1.1%
PBR Petroleo Brasileiro-Spon ADR 3.78% 11,036,110 $138.1M No change
MGA Magna International Inc. 3.29% 3,114,386 $120.4M Add +3.9%
AA Alcoa Corp. 2.44% 3,018,772 $89.1M Add +2.8%
EPAM Epam Systems Inc. 2.31% 477,638 $84.5M New
PTEN Patterson-Uti Energy Inc. 2.15% 13,238,092 $78.5M Add +3.5%
HDB HDFC Bank Ltd.-ADR 2.15% 1,023,201 $78.4M Reduce -34.2%
ARW Arrow Electronics Inc. 1.99% 571,645 $72.8M Add +94.7%
NXPI NXP Semiconductors NV 1.70% 283,677 $62.0M Add +602.9%
LEA Lear Corp. 1.57% 603,754 $57.3M Reduce -7.6%
ALK Alaska Air Group Inc. 1.49% 1,099,190 $54.4M Add +7.2%
BABA Alibaba Group Holding-SP ADR 1.40% 452,851 $51.4M Reduce -3.7%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 1.26% 477,161 $46.0M Add +3807.3%
C Citigroup Inc. 1.17% 503,238 $42.8M Add +4188.4%
MRK Merck & Co. Inc. 1.13% 523,915 $41.5M Add +308.8%
LCII Lci Industries 1.06% 424,374 $38.7M Add +1386.8%
QCOM Qualcomm Inc. 0.76% 173,484 $27.6M Add +3.9%
MAN Manpowergroup Inc. 0.68% 616,838 $24.9M Add +5.1%
BAX Baxter International Inc. 0.66% 798,441 $24.2M Reduce -39.9%
CVS CVS Health Corp. 0.54% 288,334 $19.9M Reduce -87.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.48% 373,288 $17.7M Add +8.8%
LBTYA Liberty Global Ltd. Class A 0.41% 1,506,691 $15.1M Add +10.6%
HUM Humana Inc. 0.36% 53,991 $13.2M New
CTSH Cognizant Tech Solutions-A 0.28% 129,398 $10.1M Add +13.4%
TGT Target Corp. 0.20% 73,272 $7.2M New
WCC Wesco International Inc. 0.13% 25,140 $4.7M Add +125.5%
RY Royal Bank of Canada 0.11% 31,684 $4.2M New
CPRI Capri Holdings Ltd. 0.10% 215,274 $3.8M Reduce -5.6%
MHK Mohawk Industries Inc. 0.09% 30,392 $3.2M Add +95.2%
WYNN WYNN Resorts Ltd. 0.07% 25,514 $2.4M Reduce -23.5%
UGI Ugi Corp. 0.06% 65,115 $2.4M Reduce -33.4%
COLB Columbia Banking System Inc. 0.06% 90,047 $2.1M No change
FAF First American Financial 0.06% 34,171 $2.1M No change
JPM JPMorgan Chase & Co. 0.06% 6,950 $2.0M No change
TEL Te Connectivity PLC 0.05% 11,838 $2.0M Reduce -0.8%
KFY Korn Ferry 0.05% 26,786 $2.0M No change
BRK.B Berkshire Hathaway Inc. Class B 0.05% 3,970 $1.9M Reduce -18.9%
AWK American Water Works Co. Inc. 0.05% 13,091 $1.8M No change
MU Micron Technology Inc. 0.05% 14,284 $1.8M Add +71.1%
PBF PBF Energy Inc. Class A 0.05% 79,619 $1.7M Add +63.0%
CRC California Resources Corp. 0.05% 37,541 $1.7M No change
IPGP Ipg Photonics Corp. 0.05% 24,040 $1.7M No change
IVZ Invesco Ltd. 0.04% 103,998 $1.6M Add +5.0%
VSXY Victoria's Secret & Co. 0.04% 87,648 $1.6M No change
SYF Synchrony Financial 0.04% 24,194 $1.6M New
CZR Caesars Entertainment Inc. 0.04% 56,563 $1.6M No change
PII Polaris Inc. 0.04% 39,203 $1.6M No change
GILD Gilead Sciences Inc. 0.04% 14,009 $1.6M Reduce -20.5%
AMAT Applied Materials Inc. 0.04% 8,321 $1.5M Add +92.3%
RNR Renaissancere Holdings Ltd. 0.04% 5,935 $1.4M Reduce -75.4%
CSCO Cisco Systems Inc. 0.04% 20,744 $1.4M Reduce -1.3%
CMCSA Comcast Corp. Class A 0.04% 39,313 $1.4M New
EOG EOG Resources Inc. 0.04% 11,558 $1.4M Reduce -14.0%
DOW Dow Inc. 0.04% 50,517 $1.3M Add +33.3%
DG Dollar General Corp. 0.04% 11,600 $1.3M Reduce -67.9%
GLOB Globant SA 0.04% 14,517 $1.3M New
ACLS Axcelis Technologies Inc. 0.04% 18,534 $1.3M New
COP Conocophillips 0.04% 14,287 $1.3M Reduce -16.6%
THO Thor Industries Inc. 0.04% 14,422 $1.3M No change
KELYA Kelly Services Inc. Class A 0.03% 106,403 $1.2M No change
JHG Janus Henderson Group PLC 0.03% 32,059 $1.2M Reduce -0.1%
ONTO Onto Innovation Inc. 0.03% 12,291 $1.2M New
REZI Resideo Technologies Inc. 0.03% 55,971 $1.2M Reduce -52.9%
RTX RTX Corp. 0.03% 8,414 $1.2M Reduce -32.8%
OLN Olin Corp. 0.03% 59,813 $1.2M No change
JBL Jabil Inc. 0.03% 5,434 $1.2M Reduce -42.8%
AER Aercap Holdings NV 0.03% 10,020 $1.2M Reduce -29.8%
RHI Robert Half Inc. 0.03% 28,468 $1.2M Add +19.8%
CHRD Chord Energy Corp. 0.03% 11,900 $1.2M Reduce -1.8%
ABT Abbott Laboratories 0.03% 8,465 $1.2M No change
BEN Franklin Templeton Inc. 0.03% 46,598 $1.1M No change
NWL Newell Brands Inc. 0.03% 199,463 $1.1M Reduce -1.1%
JAZZ Jazz Pharmaceuticals PLC 0.03% 10,028 $1.1M No change
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.03% 17,826 $1.0M No change
ICHR Ichor Holdings Ltd. 0.03% 48,765 $958K No change
KLIC Kulicke & Soffa Industries 0.03% 26,403 $914K New
DOX Amdocs Ltd. 0.02% 9,949 $908K Reduce -41.6%
ETR Entergy Corp. 0.02% 10,814 $899K Reduce -30.8%
CI The Cigna Group 0.02% 2,699 $892K No change
CC The Chemours Co. 0.02% 76,821 $880K Reduce -48.3%
SHG Shinhan Financial Group-ADR 0.02% 16,200 $732K No change
TPR Tapestry Inc. 0.02% 8,044 $706K Reduce -35.0%
NAVI Navient Corp. 0.02% 48,972 $691K No change
LYB Lyondellbasell Indu Class A 0.02% 11,814 $684K Add +26.9%
GGB Gerdau SA -Spon ADR 0.02% 226,447 $661K Add +0.5%
ATKR Atkore Inc. 0.02% 8,665 $611K New
AGO Assured Guaranty Ltd. 0.02% 6,852 $597K No change
SLM SLM Corp. 0.02% 18,116 $594K No change
BIIB Biogen Inc. 0.01% 4,133 $519K No change
REYN Reynolds Consumer Products I 0.01% 24,135 $517K No change
WD Walker & Dunlop Inc. 0.01% 7,205 $508K No change
OPLN Openlane Inc. 0.01% 20,062 $491K No change
ABCB Ameris Bancorp 0.01% 7,536 $488K No change
PLOW Douglas Dynamics Inc. 0.01% 16,386 $483K No change
GSL Global Ship Lease Inc. Class A 0.01% 18,344 $483K Reduce -6.4%
CRI Carter's Inc. 0.01% 15,530 $468K No change
AVT Avnet Inc. 0.01% 8,757 $465K No change
INMD Inmode Ltd. 0.01% 31,571 $456K New
ASB Associated Banc-Corp. 0.01% 17,374 $424K No change
VSH Vishay Intertechnology Inc. 0.01% 25,563 $406K No change
APAM Artisan Partners Asset Ma -A 0.01% 8,885 $394K No change
AMWD American Woodmark Corp. 0.01% 7,352 $392K No change
TRS Trimas Corp. 0.01% 13,710 $392K No change
HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I 0.01% 60,132 $375K No change
CNXC Concentrix Corp. 0.01% 6,798 $359K No change
SKM SK Telecom Co. Ltd.-Spon ADR 0.01% 13,940 $325K No change
STC Stewart Information Services 0.01% 4,995 $325K No change
VET Vermilion Energy Inc. 0.01% 44,097 $322K No change
SIG Signet Jewelers Ltd. 0.01% 3,622 $288K No change
KMT Kennametal Inc. 0.01% 12,259 $281K No change
HCC Warrior Met Coal Inc. 0.01% 6,013 $276K No change
LZB La-Z-Boy Inc. 0.01% 6,851 $255K No change
PVH PVH Corp. 0.01% 3,619 $248K No change
HMN Horace Mann Educators 0.01% 5,748 $247K No change
ON On Semiconductor 0.01% 4,371 $229K New
SCS Steelcase Inc. Class A 0.00% 15,804 $165K No change

Portfolio Sells Q1 2025 → Q2 2025
CVS CVS Health Corp. Reduce -87.6% 0.54% −4.72
HDB HDFC Bank Ltd.-ADR Reduce -34.2% 2.15% −1.31
BAX Baxter International Inc. Reduce -39.9% 0.66% −0.86
BABA Alibaba Group Holding-SP ADR Reduce -3.7% 1.40% −0.68
LEA Lear Corp. Reduce -7.6% 1.57% −0.36
SW Smurfit Westrock PLC Sold out 0.00% −0.35
BAP Credicorp Ltd. Reduce -4.3% 4.22% −0.28
RNR Renaissancere Holdings Ltd. Reduce -75.4% 0.04% −0.15
DG Dollar General Corp. Reduce -67.9% 0.04% −0.07
DLTR Dollar Tree Inc. Sold out 0.00% −0.06
JD Jd.com Inc.-ADR Sold out 0.00% −0.05
BERY Berry Global Group Inc. Sold out 0.00% −0.05
BG Bunge Global SA Sold out 0.00% −0.05
CPRI Capri Holdings Ltd. Reduce -5.6% 0.10% −0.05
UGI Ugi Corp. Reduce -33.4% 0.06% −0.04
CC The Chemours Co. Reduce -48.3% 0.02% −0.04
SNREY Sunrise Communicat Class A Sold out 0.00% −0.04
REZI Resideo Technologies Inc. Reduce -52.9% 0.03% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -18.9% 0.05% −0.03
BIDU Baidu Inc. - Spon ADR Sold out 0.00% −0.03
WYNN WYNN Resorts Ltd. Reduce -23.5% 0.07% −0.03
DOX Amdocs Ltd. Reduce -41.6% 0.02% −0.03
COP Conocophillips Reduce -16.6% 0.04% −0.03
GILD Gilead Sciences Inc. Reduce -20.5% 0.04% −0.02
RTX RTX Corp. Reduce -32.8% 0.03% −0.02
ALIT Alight Inc. Class A Sold out 0.00% −0.02
ETR Entergy Corp. Reduce -30.8% 0.02% −0.02
EOG EOG Resources Inc. Reduce -14.0% 0.04% −0.02
JNPR Juniper Networks Inc. Sold out 0.00% −0.02
AER Aercap Holdings NV Reduce -29.8% 0.03% −0.02
IFF Intl Flavors & Fragrances Sold out 0.00% −0.02
CHRD Chord Energy Corp. Reduce -1.8% 0.03% −0.01
NWL Newell Brands Inc. Reduce -1.1% 0.03% −0.01
JBL Jabil Inc. Reduce -42.8% 0.03% −0.01
FMC FMC Corp. Sold out 0.00% −0.01
TPR Tapestry Inc. Reduce -35.0% 0.02% −0.01
JHG Janus Henderson Group PLC Reduce -0.1% 0.03% −0.00
CSCO Cisco Systems Inc. Reduce -1.3% 0.04% −0.00
TEL Te Connectivity PLC Reduce -0.8% 0.05% −0.00
GSL Global Ship Lease Inc. Class A Reduce -6.4% 0.01% −0.00
TSM Taiwan Semiconductor-SP ADR Reduce -1.1% 4.14% +0.39

Portfolio Buys Q1 2025 → Q2 2025
LVS Las Vegas Sands Corp. Add +36.8% 11.95% +2.45
EPAM Epam Systems Inc. New 2.31% +2.31
NXPI NXP Semiconductors NV Add +602.9% 1.70% +1.44
BBD Banco Bradesco-ADR Add +0.1% 10.72% +1.26
TROW T Rowe Price Group Inc. Add +3807.3% 1.26% +1.22
C Citigroup Inc. Add +4188.4% 1.17% +1.14
LCII Lci Industries Add +1386.8% 1.06% +0.98
ARW Arrow Electronics Inc. Add +94.7% 1.99% +0.97
MRK Merck & Co. Inc. Add +308.8% 1.13% +0.75
MLCO Melco Resorts & Entert-ADR Add +0.2% 5.90% +0.64
TCOM Trip.com Group Ltd.-ADR Add +41.2% 9.70% +0.58
HUM Humana Inc. New 0.36% +0.36
TGT Target Corp. New 0.20% +0.20
RY Royal Bank of Canada New 0.11% +0.11
WCC Wesco International Inc. Add +125.5% 0.13% +0.07
SYF Synchrony Financial New 0.04% +0.04
CMCSA Comcast Corp. Class A New 0.04% +0.04
GLOB Globant SA New 0.04% +0.04
ACLS Axcelis Technologies Inc. New 0.04% +0.04
ONTO Onto Innovation Inc. New 0.03% +0.03
MHK Mohawk Industries Inc. Add +95.2% 0.09% +0.03
KLIC Kulicke & Soffa Industries New 0.03% +0.03
MU Micron Technology Inc. Add +71.1% 0.05% +0.02
AMAT Applied Materials Inc. Add +92.3% 0.04% +0.02
ATKR Atkore Inc. New 0.02% +0.02
PBF PBF Energy Inc. Class A Add +63.0% 0.05% +0.02
INMD Inmode Ltd. New 0.01% +0.01
ON On Semiconductor New 0.01% +0.01
BAC Bank of America Corp. Add +8.8% 0.48% +0.00
LYB Lyondellbasell Indu Class A Add +26.9% 0.02% −0.00
GGB Gerdau SA -Spon ADR Add +0.5% 0.02% −0.00
IVZ Invesco Ltd. Add +5.0% 0.04% −0.01
DOW Dow Inc. Add +33.3% 0.04% −0.01
RHI Robert Half Inc. Add +19.8% 0.03% −0.01
CTSH Cognizant Tech Solutions-A Add +13.4% 0.28% −0.02
QCOM Qualcomm Inc. Add +3.9% 0.76% −0.10
LBTYA Liberty Global Ltd. Class A Add +10.6% 0.41% −0.11
MGA Magna International Inc. Add +3.9% 3.29% −0.12
ALK Alaska Air Group Inc. Add +7.2% 1.49% −0.20
NTR Nutrien Ltd. Add +1.3% 10.51% −0.31
MAN Manpowergroup Inc. Add +5.1% 0.68% −0.46
AA Alcoa Corp. Add +2.8% 2.44% −0.56
UBS UBS Group AG-Reg Add +0.9% 6.75% −0.60
PTEN Patterson-Uti Energy Inc. Add +3.5% 2.15% −1.37

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