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

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 Q2 2025 Q3 2025: $3.8B $3.8B Q3 2025 Q4 2025: $3.7B Q4 2025 Q1 2026: $3.0B Q1 2026 Q2 2026: $3.9B Q2 2026

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
CNXC Concentrix Corp. 0.01% 6,798 $314K No change
IPGP Ipg Photonics Corp. 0.01% 3,947 $313K Reduce -83.6%
STC Stewart Information Services 0.01% 4,180 $306K Reduce -16.3%
PVH PVH Corp. 0.01% 3,619 $303K No change
SKM SK Telecom Co. Ltd.-Spon ADR 0.01% 13,940 $301K No change
LEG Leggett & Platt Inc. 0.01% 32,420 $288K New
KMT Kennametal Inc. 0.01% 12,259 $257K No change
LZB La-Z-Boy Inc. 0.01% 6,851 $235K No change
OGN Organon & Co. 0.01% 20,735 $221K New
HTGC Hercules Capital Inc. 0.01% 11,223 $212K 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

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