ARGA Investment Management, LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), ARGA Investment Management, LP reported 110 stock positions worth $3.8 billion. Its top holding was Banco Bradesco-ADR (BBD) at 10.3% of the portfolio, followed by Nutrien (NTR, 9.3%) and Trip.com Group Ltd.-ADR (TCOM, 9.2%). Compared with Q2 2025, it opened 23 new positions, sold out of 36, added to 27 and reduced 38. The biggest buy was a new position in XP Class A (XP) and the biggest sale Las Vegas Sands (LVS, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- STAMFORD, CT
- CIK
- 0001556915
- Portfolio Value
- $3.8B (Q3 2025)
- SEC Filing
- 0001104659-25-104663 ↗ filed Oct 31, 2025
Holdings Value
Holdings 110 stocks · $3.8B
| BBD Banco Bradesco-ADR | 10.26% | 114,499,547 | $387.0M | Reduce -9.7% |
| NTR Nutrien Ltd. | 9.27% | 5,953,610 | $349.7M | Reduce -9.7% |
| TCOM Trip.com Group Ltd.-ADR | 9.23% | 4,630,095 | $348.2M | Reduce -23.4% |
| PBR Petroleo Brasileiro-Spon ADR | 6.31% | 18,808,705 | $238.1M | Add +70.4% |
| LVS Las Vegas Sands Corp. | 6.29% | 4,410,249 | $237.2M | Reduce -56.1% |
| MLCO Melco Resorts & Entert-ADR | 6.13% | 25,194,785 | $231.0M | Reduce -15.5% |
| MGA Magna International Inc. | 5.21% | 4,148,133 | $196.6M | Add +33.2% |
| TSM Taiwan Semiconductor-SP ADR | 4.95% | 668,052 | $186.6M | Reduce -0.0% |
| BAP Credicorp Ltd. | 4.93% | 698,267 | $185.9M | Add +1.3% |
| XP XP Inc. Class A | 4.52% | 9,080,037 | $170.6M | New |
| GLOB Globant SA | 3.13% | 2,057,594 | $118.1M | Add +14073.7% |
| ELV Elevance Health Inc. | 2.27% | 265,470 | $85.8M | New |
| BABA Alibaba Group Holding-SP ADR | 2.15% | 452,851 | $80.9M | No change |
| UBS UBS Group AG-Reg | 1.83% | 1,686,108 | $68.9M | Reduce -76.9% |
| MHK Mohawk Industries Inc. | 1.67% | 488,741 | $63.0M | Add +1508.1% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.55% | 568,567 | $58.4M | Add +19.2% |
| HUM Humana Inc. | 1.53% | 221,917 | $57.7M | Add +311.0% |
| AA Alcoa Corp. | 1.37% | 1,567,261 | $51.5M | Reduce -48.1% |
| LEA Lear Corp. | 1.33% | 498,922 | $50.2M | Reduce -17.4% |
| NXPI NXP Semiconductors NV | 1.19% | 196,620 | $44.8M | Reduce -30.7% |
| ARW Arrow Electronics Inc. | 1.11% | 345,027 | $41.7M | Reduce -39.6% |
| BIDU Baidu Inc. - Spon ADR | 1.06% | 303,687 | $40.0M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.02% | 744,228 | $38.4M | Add +99.4% |
| HAL Halliburton Co. | 0.98% | 1,505,260 | $37.0M | New |
| HDB HDFC Bank Ltd.-ADR | 0.95% | 1,053,708 | $36.0M | Reduce -48.5% |
| PTEN Patterson-Uti Energy Inc. | 0.82% | 6,002,514 | $31.1M | Reduce -54.7% |
| EPAM Epam Systems Inc. | 0.79% | 196,662 | $29.7M | Reduce -58.8% |
| MRK Merck & Co. Inc. | 0.66% | 298,328 | $25.0M | Reduce -43.1% |
| LCII Lci Industries | 0.64% | 257,848 | $24.0M | Reduce -39.2% |
| MAN Manpowergroup Inc. | 0.62% | 614,440 | $23.3M | Reduce -0.4% |
| CNC Centene Corp. | 0.57% | 602,172 | $21.5M | New |
| BAX Baxter International Inc. | 0.49% | 818,889 | $18.6M | Add +2.6% |
| QCOM Qualcomm Inc. | 0.49% | 111,556 | $18.6M | Reduce -35.7% |
| LBTYA Liberty Global Ltd. Class A | 0.44% | 1,439,359 | $16.5M | Reduce -4.5% |
| BBWI Bath & Body Works Inc. | 0.42% | 621,078 | $16.0M | New |
| ZBH Zimmer Biomet Holdings Inc. | 0.40% | 154,539 | $15.2M | New |
| ALK Alaska Air Group Inc. | 0.33% | 251,154 | $12.5M | Reduce -77.2% |
| CTSH Cognizant Tech Solutions-A | 0.25% | 140,871 | $9.4M | Add +8.9% |
| C Citigroup Inc. | 0.18% | 67,269 | $6.8M | Reduce -86.6% |
| DOW Dow Inc. | 0.14% | 233,811 | $5.4M | Add +362.8% |
| RY Royal Bank of Canada | 0.12% | 31,684 | $4.7M | No change |
| TGT Target Corp. | 0.10% | 43,389 | $3.9M | Reduce -40.8% |
| CNQ Canadian Natural Resources | 0.10% | 120,612 | $3.9M | New |
| AER Aercap Holdings NV | 0.10% | 31,140 | $3.8M | Add +210.8% |
| CPRI Capri Holdings Ltd. | 0.08% | 159,531 | $3.2M | Reduce -25.9% |
| RNR Renaissancere Holdings Ltd. | 0.07% | 10,979 | $2.8M | Add +85.0% |
| WCC Wesco International Inc. | 0.07% | 13,019 | $2.8M | Reduce -48.2% |
| JHG Janus Henderson Group PLC | 0.07% | 61,127 | $2.7M | Add +90.7% |
| ABEV Ambev SA-ADR | 0.07% | 1,109,966 | $2.5M | New |
| AVT Avnet Inc. | 0.06% | 44,407 | $2.3M | Add +407.1% |
| COLB Columbia Banking System Inc. | 0.06% | 90,047 | $2.3M | No change |
| FAF First American Financial | 0.06% | 34,171 | $2.2M | No change |
| INMD Inmode Ltd. | 0.06% | 143,658 | $2.1M | Add +355.0% |
| SON Sonoco Products Co. | 0.06% | 49,097 | $2.1M | New |
| WYNN WYNN Resorts Ltd. | 0.06% | 16,225 | $2.1M | Reduce -36.4% |
| CRC California Resources Corp. | 0.05% | 37,541 | $2.0M | No change |
| VALE Vale SA-SP ADR | 0.05% | 182,364 | $2.0M | New |
| ASO Academy Sports & Outdoors Inc. | 0.05% | 39,158 | $2.0M | New |
| KFY Korn Ferry | 0.05% | 27,422 | $1.9M | Add +2.4% |
| VSXY Victoria's Secret & Co. | 0.05% | 70,223 | $1.9M | Reduce -19.9% |
| ACLS Axcelis Technologies Inc. | 0.05% | 18,534 | $1.8M | No change |
| LYB Lyondellbasell Indu Class A | 0.05% | 36,817 | $1.8M | Add +211.6% |
| BANC Banc of California Inc. | 0.05% | 104,550 | $1.7M | New |
| GSL Global Ship Lease Inc. Class A | 0.04% | 53,602 | $1.6M | Add +192.2% |
| SLM SLM Corp. | 0.04% | 58,266 | $1.6M | Add +221.6% |
| ONTO Onto Innovation Inc. | 0.04% | 12,291 | $1.6M | No change |
| PII Polaris Inc. | 0.04% | 26,346 | $1.5M | Reduce -32.8% |
| CZR Caesars Entertainment Inc. | 0.04% | 56,563 | $1.5M | No change |
| IVZ Invesco Ltd. | 0.04% | 66,425 | $1.5M | Reduce -36.1% |
| WD Walker & Dunlop Inc. | 0.04% | 18,113 | $1.5M | Add +151.4% |
| OLN Olin Corp. | 0.04% | 60,359 | $1.5M | Add +0.9% |
| BCC Boise Cascade Co. | 0.04% | 19,389 | $1.5M | New |
| THO Thor Industries Inc. | 0.04% | 14,422 | $1.5M | No change |
| UGI Ugi Corp. | 0.04% | 40,139 | $1.3M | Reduce -38.4% |
| JXN Jackson Financial Inc. Class A | 0.03% | 11,788 | $1.2M | New |
| CHRD Chord Energy Corp. | 0.03% | 11,900 | $1.2M | No change |
| ACHC Acadia Healthcare Co. Inc. | 0.03% | 44,031 | $1.1M | New |
| ICHR Ichor Holdings Ltd. | 0.03% | 58,390 | $1.0M | Add +19.7% |
| NVST Envista Holdings Corp. | 0.03% | 46,644 | $950K | New |
| AMN Amn Healthcare Services Inc. | 0.02% | 45,782 | $886K | New |
| VET Vermilion Energy Inc. | 0.02% | 105,369 | $823K | Add +138.9% |
| GGB Gerdau SA -Spon ADR | 0.02% | 252,387 | $782K | Add +11.5% |
| ATKR Atkore Inc. | 0.02% | 11,401 | $715K | Add +31.6% |
| SHG Shinhan Financial Group-ADR | 0.02% | 13,727 | $691K | Reduce -15.3% |
| JAZZ Jazz Pharmaceuticals PLC | 0.02% | 5,172 | $682K | Reduce -48.4% |
| AGO Assured Guaranty Ltd. | 0.02% | 7,938 | $672K | Add +15.8% |
| WB Weibo Corp.-Spon ADR | 0.02% | 52,156 | $647K | New |
| NAVI Navient Corp. | 0.02% | 48,972 | $644K | No change |
| PLOW Douglas Dynamics Inc. | 0.01% | 16,386 | $512K | No change |
| AMWD American Woodmark Corp. | 0.01% | 7,352 | $491K | No change |
| NWL Newell Brands Inc. | 0.01% | 90,754 | $476K | Reduce -54.5% |
| KELYA Kelly Services Inc. Class A | 0.01% | 34,037 | $447K | Reduce -68.0% |
| CRI Carter's Inc. | 0.01% | 15,530 | $438K | No change |
| VSH Vishay Intertechnology Inc. | 0.01% | 25,563 | $391K | No change |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.01% | 59,441 | $390K | Reduce -1.1% |
| APAM Artisan Partners Asset Ma -A | 0.01% | 8,885 | $386K | No change |
| SIG Signet Jewelers Ltd. | 0.01% | 3,622 | $347K | No change |
| HCC Warrior Met Coal Inc. | 0.01% | 5,038 | $321K | Reduce -16.2% |
| CC The Chemours Co. | 0.01% | 20,150 | $319K | Reduce -73.8% |
| INDV Indivior Ltd. | 0.01% | 13,169 | $318K | New |
Portfolio Sells Q2 2025 → Q3 2025
| LVS Las Vegas Sands Corp. | Reduce -56.1% | 6.29% | −5.66 |
| UBS UBS Group AG-Reg | Reduce -76.9% | 1.83% | −4.92 |
| EPAM Epam Systems Inc. | Reduce -58.8% | 0.79% | −1.52 |
| PTEN Patterson-Uti Energy Inc. | Reduce -54.7% | 0.82% | −1.32 |
| NTR Nutrien Ltd. | Reduce -9.7% | 9.27% | −1.24 |
| HDB HDFC Bank Ltd.-ADR | Reduce -48.5% | 0.95% | −1.19 |
| ALK Alaska Air Group Inc. | Reduce -77.2% | 0.33% | −1.16 |
| AA Alcoa Corp. | Reduce -48.1% | 1.37% | −1.07 |
| C Citigroup Inc. | Reduce -86.6% | 0.18% | −0.99 |
| ARW Arrow Electronics Inc. | Reduce -39.6% | 1.11% | −0.89 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.54 |
| NXPI NXP Semiconductors NV | Reduce -30.7% | 1.19% | −0.51 |
| MRK Merck & Co. Inc. | Reduce -43.1% | 0.66% | −0.47 |
| TCOM Trip.com Group Ltd.-ADR | Reduce -23.4% | 9.23% | −0.46 |
| BBD Banco Bradesco-ADR | Reduce -9.7% | 10.26% | −0.46 |
| LCII Lci Industries | Reduce -39.2% | 0.64% | −0.42 |
| QCOM Qualcomm Inc. | Reduce -35.7% | 0.49% | −0.26 |
| LEA Lear Corp. | Reduce -17.4% | 1.33% | −0.24 |
| TGT Target Corp. | Reduce -40.8% | 0.10% | −0.09 |
| MAN Manpowergroup Inc. | Reduce -0.4% | 0.62% | −0.06 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.06 |
| TEL Te Connectivity PLC | Sold out | 0.00% | −0.05 |
| WCC Wesco International Inc. | Reduce -48.2% | 0.07% | −0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.05 |
| AWK American Water Works Co. Inc. | Sold out | 0.00% | −0.05 |
| MU Micron Technology Inc. | Sold out | 0.00% | −0.05 |
| PBF PBF Energy Inc. Class A | Sold out | 0.00% | −0.05 |
| SYF Synchrony Financial | Sold out | 0.00% | −0.04 |
| GILD Gilead Sciences Inc. | Sold out | 0.00% | −0.04 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.04 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.04 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.04 |
| EOG EOG Resources Inc. | Sold out | 0.00% | −0.04 |
| IPGP Ipg Photonics Corp. | Reduce -83.6% | 0.01% | −0.04 |
| DG Dollar General Corp. | Sold out | 0.00% | −0.04 |
| COP Conocophillips | Sold out | 0.00% | −0.04 |
| REZI Resideo Technologies Inc. | Sold out | 0.00% | −0.03 |
| RTX RTX Corp. | Sold out | 0.00% | −0.03 |
| JBL Jabil Inc. | Sold out | 0.00% | −0.03 |
| RHI Robert Half Inc. | Sold out | 0.00% | −0.03 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.03 |
| BEN Franklin Templeton Inc. | Sold out | 0.00% | −0.03 |
| UGI Ugi Corp. | Reduce -38.4% | 0.04% | −0.03 |
| AL Sumisho Air Lease Corp. | Sold out | 0.00% | −0.03 |
| KLIC Kulicke & Soffa Industries | Sold out | 0.00% | −0.03 |
| DOX Amdocs Ltd. | Sold out | 0.00% | −0.02 |
| ETR Entergy Corp. | Sold out | 0.00% | −0.02 |
| CI The Cigna Group | Sold out | 0.00% | −0.02 |
| KELYA Kelly Services Inc. Class A | Reduce -68.0% | 0.01% | −0.02 |
| CPRI Capri Holdings Ltd. | Reduce -25.9% | 0.08% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| XP XP Inc. Class A | New | 4.52% | +4.52 |
| GLOB Globant SA | Add +14073.7% | 3.13% | +3.09 |
| PBR Petroleo Brasileiro-Spon ADR | Add +70.4% | 6.31% | +2.54 |
| ELV Elevance Health Inc. | New | 2.27% | +2.27 |
| MGA Magna International Inc. | Add +33.2% | 5.21% | +1.92 |
| MHK Mohawk Industries Inc. | Add +1508.1% | 1.67% | +1.58 |
| HUM Humana Inc. | Add +311.0% | 1.53% | +1.17 |
| BIDU Baidu Inc. - Spon ADR | New | 1.06% | +1.06 |
| HAL Halliburton Co. | New | 0.98% | +0.98 |
| BAP Credicorp Ltd. | Add +1.3% | 4.93% | +0.71 |
| CNC Centene Corp. | New | 0.57% | +0.57 |
| BAC Bank of America Corp. | Add +99.4% | 1.02% | +0.53 |
| BBWI Bath & Body Works Inc. | New | 0.42% | +0.42 |
| ZBH Zimmer Biomet Holdings Inc. | New | 0.40% | +0.40 |
| TROW T Rowe Price Group Inc. | Add +19.2% | 1.55% | +0.29 |
| DOW Dow Inc. | Add +362.8% | 0.14% | +0.11 |
| CNQ Canadian Natural Resources | New | 0.10% | +0.10 |
| AER Aercap Holdings NV | Add +210.8% | 0.10% | +0.07 |
| ABEV Ambev SA-ADR | New | 0.07% | +0.07 |
| SON Sonoco Products Co. | New | 0.06% | +0.06 |
| VALE Vale SA-SP ADR | New | 0.05% | +0.05 |
| ASO Academy Sports & Outdoors Inc. | New | 0.05% | +0.05 |
| AVT Avnet Inc. | Add +407.1% | 0.06% | +0.05 |
| BANC Banc of California Inc. | New | 0.05% | +0.05 |
| INMD Inmode Ltd. | Add +355.0% | 0.06% | +0.04 |
| BCC Boise Cascade Co. | New | 0.04% | +0.04 |
| JHG Janus Henderson Group PLC | Add +90.7% | 0.07% | +0.04 |
| RNR Renaissancere Holdings Ltd. | Add +85.0% | 0.07% | +0.03 |
| JXN Jackson Financial Inc. Class A | New | 0.03% | +0.03 |
| GSL Global Ship Lease Inc. Class A | Add +192.2% | 0.04% | +0.03 |
| LYB Lyondellbasell Indu Class A | Add +211.6% | 0.05% | +0.03 |
| ACHC Acadia Healthcare Co. Inc. | New | 0.03% | +0.03 |
| SLM SLM Corp. | Add +221.6% | 0.04% | +0.03 |
| WD Walker & Dunlop Inc. | Add +151.4% | 0.04% | +0.03 |
| NVST Envista Holdings Corp. | New | 0.03% | +0.03 |
| AMN Amn Healthcare Services Inc. | New | 0.02% | +0.02 |
| WB Weibo Corp.-Spon ADR | New | 0.02% | +0.02 |
| VET Vermilion Energy Inc. | Add +138.9% | 0.02% | +0.01 |
| INDV Indivior Ltd. | New | 0.01% | +0.01 |
| LEG Leggett & Platt Inc. | New | 0.01% | +0.01 |
| OLN Olin Corp. | Add +0.9% | 0.04% | +0.01 |
| OGN Organon & Co. | New | 0.01% | +0.01 |
| HTGC Hercules Capital Inc. | New | 0.01% | +0.01 |
| GGB Gerdau SA -Spon ADR | Add +11.5% | 0.02% | +0.00 |
| ATKR Atkore Inc. | Add +31.6% | 0.02% | +0.00 |
| AGO Assured Guaranty Ltd. | Add +15.8% | 0.02% | +0.00 |
| ICHR Ichor Holdings Ltd. | Add +19.7% | 0.03% | +0.00 |
| KFY Korn Ferry | Add +2.4% | 0.05% | −0.00 |
| CTSH Cognizant Tech Solutions-A | Add +8.9% | 0.25% | −0.03 |
| BAX Baxter International Inc. | Add +2.6% | 0.49% | −0.17 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 121 | $3.9B | XP, AER, TSM, PBR, TCOM |
| Q1 2026 | 109 | $3.0B | XP, PBR, BBD, MGA, TSM |
| Q4 2025 | 110 | $3.7B | BBD, NTR, XP, TCOM, PBR |
| Q3 2025 | 110 | $3.8B | BBD, NTR, TCOM, PBR, LVS |
| Q2 2025 | 123 | $3.7B | LVS, BBD, NTR, TCOM, UBS |
| Q1 2025 | 121 | $3.0B | NTR, LVS, BBD, TCOM, UBS |
| Q4 2024 | 122 | $3.1B | LVS, TCOM, NTR, UBS, MLCO |
| Q3 2024 | 128 | $3.0B | TCOM, LVS, NTR, MLCO, UBS |
| Q2 2024 | 128 | $2.8B | BABA, NTR, MLCO, UBS, TCOM |
| Q1 2024 | 138 | $3.0B | BABA, MLCO, TCOM, TSM, NTR |