XP Inc. Class AXP
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 343 institutions reported holding XP Inc. Class A (XP) in their 13F filings, up 15 from Q3 2025. 47 opened new positions and 46 sold out. The largest holders were BlackRock, Inc. ($765.0M), Capital World Investors ($613.8M) and Dodge & Cox ($555.9M). 9 famous investors held it, including Howard Marks (1.2% of Oaktree Capital Management's portfolio), Ron Baron (0.1% of Baron Capital (BAMCO)'s portfolio) and Ken Fisher (0.0% of Fisher Asset Management's portfolio).
- Company
- XP Inc. Class A
- CUSIP
- G98239109
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 47 | $149.0M |
| Exits | 46 | $263.1M |
All 13F filers, Q3 2025 → Q4 2025: 43,830,553 shares bought and 44,243,064 shares sold, net −412,511 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 343 holders
| BlackRock, Inc. | 0.01% | Add +4.1% | 46,729,141 | $765.0M |
| Capital World Investors | 0.08% | Reduce -6.0% | 37,497,038 | $613.8M |
| Dodge & Cox | 0.30% | Reduce -1.5% | 33,960,545 | $555.9M |
| General Atlantic, L.P. | 12.93% | Reduce -11.1% | 22,699,133 | $371.6M |
| ARGA Investment Management, LP | 8.88% | Add +119.2% | 19,900,087 | $325.8M |
| Massachusetts Financial Services Co. | 0.06% | Add +11.9% | 12,263,021 | $200.7M |
| Arrowstreet Capital, Limited Partnership | 0.11% | Add +10.9% | 11,799,175 | $193.2M |
| Morgan Stanley | 0.01% | Add +13.2% | 9,524,277 | $155.9M |
| State Street Corp. | 0.01% | Add +1.6% | 9,503,007 | $155.6M |
| FMR LLC | 0.01% | Add +2.2% | 7,360,536 | $120.5M |
| Schroder Investment Management Group | 0.09% | Reduce -42.2% | 7,098,293 | $116.2M |
| Ninety One UK Ltd | 0.22% | Add +9.4% | 6,186,576 | $101.3M |
| Atmos Capital Gestao DE Recursos Ltda. | 13.94% | Reduce -32.7% | 5,621,659 | $92.0M |
| Norges Bank | 0.01% | — | 4,898,974 | $80.2M |
| Geode Capital Management, LLC | 0.00% | Add +4.4% | 4,866,728 | $79.3M |
| Squadra Investments - Gestao DE Recursos Ltda. | 16.23% | Reduce -30.2% | 4,793,735 | $78.5M |
| Fisher Asset Management | 0.02% | Reduce -3.1% | 4,377,265 | $71.7M |
| SPX Gestao de Recursos Ltda | 7.03% | Add +109.7% | 4,195,379 | $68.7M |
| Bank of America Corp. | 0.00% | Add +0.8% | 3,857,852 | $63.2M |
| Vanguard Group Inc. | 0.00% | Add +4.7% | 3,784,717 | $62.0M |
| Seafarer Capital Partners, LLC | 16.04% | No change | 3,771,000 | $61.7M |
| Oaktree Capital Management | 1.20% | Add +63.3% | 3,320,159 | $54.4M |
| Legal & General Group Plc | 0.01% | Add +9.0% | 2,760,141 | $45.2M |
| Franklin Resources Inc. | 0.01% | Add +10.3% | 2,734,137 | $44.8M |
| Northern Trust Corp. | 0.01% | Add +0.1% | 2,568,818 | $42.1M |
| American Century Companies Inc. | 0.02% | Add +2.9% | 2,490,307 | $40.8M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.01% | New | 2,391,289 | $39.1M |
| Absolute Gestao de Investimentos Ltda. | 3.89% | Add +108.6% | 2,262,857 | $37.0M |
| Public Employees Retirement System of Ohio | 0.10% | Add +54.1% | 1,936,961 | $31.7M |
| Millennium Management | 0.02% | Add +492.5% | 1,792,836 | $29.3M |
| Jennison Associates LLC | 0.02% | Reduce -36.9% | 1,738,889 | $28.5M |
| Sei Investments Co. | 0.03% | Add +53.7% | 1,588,560 | $26.0M |
| Goldman Sachs Group Inc. | 0.00% | Add +69.5% | 1,570,073 | $25.7M |
| Deutsche Bank AG | 0.01% | Add +158.1% | 1,553,131 | $25.4M |
| Russell Investments Group, Ltd. | 0.03% | Add +3.0% | 1,509,009 | $24.7M |
| Federated Hermes, Inc. | 0.04% | Reduce -0.6% | 1,454,534 | $23.8M |
| UBS Group AG | 0.00% | Add +102.9% | 1,441,237 | $23.6M |
| Optiver Holding B.V. | 0.42% | Add +230.2% | 1,440,068 | $23.6M |
| Nuveen, LLC | 0.01% | Add +0.7% | 1,438,237 | $23.5M |
| Ninety One North America, Inc. | 0.95% | Add +15.8% | 1,435,950 | $23.5M |
| New York State Common Retirement Fund | 0.03% | Add +80.5% | 1,367,877 | $22.4M |
| Los Angeles Capital Management LLC | 0.07% | Add +5.4% | 1,192,359 | $21.3M |
| Bank of Montreal | 0.01% | New | 1,290,621 | $21.1M |
| Bank of New York Mellon Corp | 0.00% | Reduce -1.8% | 1,255,393 | $20.6M |
| Voloridge Investment Management, LLC | 0.07% | Reduce -43.6% | 1,243,222 | $20.4M |
| Baron Capital (BAMCO) | 0.05% | Reduce -35.6% | 1,195,477 | $19.6M |
| BNP Paribas Financial Markets | 0.01% | Add +122.5% | 1,123,191 | $18.4M |
| Citigroup Inc. | 0.01% | Add +19.6% | 1,103,495 | $18.1M |
| Praetorian PR LLC | 7.94% | No change | 1,000,000 | $16.4M |
| Mitsubishi UFJ Trust & Banking Corp | 0.04% | Reduce -12.5% | 905,893 | $14.8M |
| FIL Ltd | 0.01% | Add +33.0% | 892,359 | $14.6M |
| Swiss National Bank | 0.01% | Add +8.9% | 880,564 | $14.4M |
| Sumitomo Mitsui Trust Group, Inc. | 0.01% | Add +3.2% | 799,887 | $13.1M |
| Assenagon Asset Management S.A. | 0.02% | Add +69.9% | 784,388 | $12.8M |
| California Public Employees Retirement System | 0.01% | Add +1.5% | 783,961 | $12.8M |
| Amundi | 0.00% | Add +25.8% | 761,804 | $12.5M |
| Two Sigma Investments, LP | 0.02% | Add +109.0% | 693,311 | $11.3M |
| Sustainable Growth Advisers, LP | 0.08% | Add +27.1% | 680,170 | $11.1M |
| Wealth High Governance Asset Management Ltda. | 1.79% | — | 610,262 | $10.0M |
| William Blair Investment Management, LLC | 0.03% | Reduce -67.8% | 596,760 | $9.8M |
| Invesco Ltd. | 0.00% | Add +64.3% | 594,745 | $9.7M |
| Navi International - Administradora e Gestora de Recursos Financeiros Ltda. | 6.10% | — | 589,452 | $9.6M |
| PointState Capital LP | 0.16% | New | 571,756 | $9.4M |
| Marshall Wace, LLP | 0.01% | Reduce -6.3% | 554,770 | $9.1M |
| Ameriprise Financial Inc. | 0.00% | Reduce -70.8% | 547,480 | $9.0M |
| Pictet Asset Management Holding SA | 0.01% | Add +11.6% | 539,486 | $8.8M |
| First Trust Advisors LP | 0.01% | Reduce -56.5% | 534,939 | $8.8M |
| Nordea Investment Management AB | 0.01% | New | 522,514 | $8.6M |
| Rheos Capital Works Inc. | 0.52% | Add +66.7% | 500,000 | $8.2M |
| Alliancebernstein L.P. | 0.00% | Add +185.2% | 487,810 | $8.0M |
| Royal Bank of Canada | 0.00% | Add +19.4% | 469,548 | $7.7M |
| Walleye Trading LLC | 0.12% | Add +118.5% | 458,496 | $7.5M |
| Treasurer of the State of North Carolina | 0.02% | Reduce -3.6% | 457,144 | $7.5M |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.01% | Add +29.6% | 457,119 | $7.4M |
| Thornburg Investment Management Inc. | 0.09% | New | 450,131 | $7.4M |
| JPMorgan Chase & Co. | 0.00% | Reduce -67.0% | 434,493 | $7.1M |
| Rhumbline Advisers | 0.01% | Reduce -2.6% | 400,214 | $6.6M |
| Wealth High Governance Capital Ltda | 1.87% | New | 389,738 | $6.4M |
| BW Gestao de Investimentos Ltda. | 0.22% | New | 389,738 | $6.4M |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 0.01% | New | 385,242 | $6.3M |
| Great Lakes Advisors, LLC | 0.05% | Reduce -28.0% | 384,593 | $6.3M |
| Earnest Partners LLC | 0.03% | Reduce -2.9% | 380,478 | $6.2M |
| Crossmark Global Holdings, Inc. | 0.08% | Reduce -53.0% | 361,263 | $5.9M |
| Globeflex Capital L P | 0.90% | Add +5.4% | 357,941 | $5.9M |
| Robeco Institutional Asset Management B.V. | 0.01% | Reduce -27.6% | 357,614 | $5.9M |
| Voya Investment Management LLC | 0.01% | Reduce -2.1% | 357,587 | $5.9M |
| Acadian Asset Management LLC | 0.01% | Reduce -62.7% | 346,126 | $5.7M |
| Triveni Capital Investments LP | 4.07% | — | 333,734 | $5.5M |
| Royal London Asset Management Ltd. | 0.01% | Add +0.5% | 333,300 | $5.5M |
| Public Sector Pension Investment Board | 0.02% | Add +11.3% | 321,800 | $5.3M |
| Twinbeech Capital LP | 0.37% | New | 319,928 | $5.2M |
| Loomis Sayles & Co. L P | 0.01% | Reduce -10.0% | 318,004 | $5.2M |
| Point72 Asset Management | 0.01% | New | 311,028 | $5.1M |
| Mackenzie Financial Corp. | 0.01% | Reduce -52.0% | 297,059 | $4.9M |
| D. E. Shaw & Co. | 0.00% | Reduce -18.4% | 296,491 | $4.9M |
| Handelsbanken Fonder AB | 0.01% | Add +23.2% | 295,584 | $4.8M |
| State Board of Administration of Florida Retirement System | 0.01% | No change | 295,581 | $4.8M |
| PDT Partners, LLC | 0.31% | Reduce -44.5% | 292,877 | $4.8M |
| Aviva PLC | 0.01% | Add +9.0% | 289,977 | $4.7M |
| AQR Capital Management | 0.00% | Reduce -15.2% | 289,332 | $4.7M |
| Nissay Asset Management Corp. /Japan | 0.02% | New | 270,979 | $4.4M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.01% | New | 264,766 | $4.3M |
| Mirabella Financial Services LLP | 0.44% | New | 262,897 | $4.3M |
| SG Americas Securities, LLC | 0.01% | Add +198.7% | 262,833 | $4.3M |
| Storebrand Asset Management As | 0.01% | Add +5.4% | 256,621 | $4.2M |
| JGP Global Gestao de Recursos Ltda. | 2.42% | Reduce -58.4% | 250,064 | $4.1M |
| GAM Holding AG | 0.26% | Add +387.5% | 248,615 | $4.1M |
| Liontrust Investment Partners LLP | 0.06% | New | 231,700 | $3.8M |
| Rokos Capital Management LLP | 0.06% | New | 231,317 | $3.8M |
| Kapitalo Investimentos Ltda | 0.71% | No change | 225,664 | $3.7M |
| Swedbank AB | 0.00% | No change | 221,900 | $3.6M |
| Group One Trading LLC | 0.11% | Add +19.4% | 220,023 | $3.6M |
| Police & Firemen's Retirement System of New Jersey | 0.03% | Reduce -4.8% | 212,050 | $3.5M |
| Allianz Asset Management GmbH | 0.00% | Add +124.6% | 200,930 | $3.3M |
| Nutshell Asset Management Ltd | 1.17% | New | 200,000 | $3.3M |
| T. Rowe Price Associates Inc. | 0.00% | Add +6.0% | 198,103 | $3.2M |
| Capital Wealth Planning, LLC | 0.02% | Reduce -13.2% | 197,874 | $3.2M |
| Jump Financial, LLC | 0.04% | Reduce -73.2% | 192,093 | $3.1M |
| Oaktree Fund Advisors, LLC | 5.73% | Add +60.0% | 187,074 | $3.1M |
| Citadel Advisors | 0.00% | Reduce -67.5% | 182,639 | $3.0M |
| Exchange Traded Concepts, LLC | 0.02% | Reduce -40.1% | 181,544 | $3.0M |
| APG Asset Management N.V. | 0.01% | Add +8.8% | 212,000 | $3.0M |
| KBC Group NV | 0.01% | Add +37.4% | 171,436 | $2.8M |
| Caisse de depot et placement du Quebec | 0.00% | Reduce -78.3% | 167,968 | $2.7M |
| Korea Investment CORP | 0.01% | Add +14.8% | 161,000 | $2.6M |
| XTX Topco Ltd | 0.07% | Add +208.1% | 160,090 | $2.6M |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 0.01% | Add +11.6% | 155,600 | $2.5M |
| Verition Fund Management LLC | 0.01% | Add +1.0% | 151,819 | $2.5M |
| Quantinno Capital Management LP | 0.00% | Add +19.9% | 144,423 | $2.4M |
| LBP Am SA | 0.03% | Reduce -7.3% | 141,145 | $2.3M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.01% | Add +882.1% | 141,112 | $2.3M |
| Tidal Investments LLC | 0.01% | Reduce -10.5% | 133,652 | $2.2M |
| IMC-Chicago, LLC | 0.04% | Add +114.1% | 132,945 | $2.2M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -5.8% | 119,168 | $2.0M |
| Susquehanna International Group, LLP | 0.00% | Reduce -70.2% | 119,078 | $1.9M |
| Stifel Financial Corp. | 0.00% | Reduce -27.6% | 116,882 | $1.9M |
| Neo Ivy Capital Management | 0.30% | Add +18.9% | 114,184 | $1.9M |
| State of New Jersey Common Pension Fund D | 0.01% | Reduce -35.4% | 113,593 | $1.9M |
| KLP Kapitalforvaltning As | 0.01% | No change | 112,500 | $1.8M |
| Brandywine Global Investment Management, LLC | 0.01% | New | 110,609 | $1.8M |
| HSBC Holdings PLC | 0.00% | Add +7.7% | 108,818 | $1.8M |
| National Pension Service | 0.00% | Add +9.7% | 107,022 | $1.8M |
| Matthews International Capital Management LLC | 0.51% | Reduce -68.1% | 101,999 | $1.7M |
| Engineers Gate Manager LP | 0.02% | Reduce -49.8% | 100,677 | $1.6M |
| PEAK6 LLC | 0.04% | Add +529.0% | 96,030 | $1.6M |
| Danske Bank A/S | 0.00% | Reduce -8.0% | 94,900 | $1.6M |
| Resona Asset Management Co.,Ltd. | 0.01% | Add +5.3% | 93,751 | $1.5M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | No change | 91,010 | $1.5M |
| Inspire Investing, LLC | 0.13% | Add +66.4% | 88,215 | $1.4M |
| California State Teachers Retirement System | 0.00% | Add +62.0% | 87,653 | $1.4M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +0.6% | 87,356 | $1.4M |
| Manufacturers Life Insurance Company, The | 0.00% | Add +7.1% | 85,405 | $1.4M |
| Hussman Strategic Advisors, Inc. | 0.33% | New | 84,000 | $1.4M |
| Lansforsakringar Fondforvaltning AB (publ) | 0.01% | Add +14.7% | 78,000 | $1.3M |
| Creative Planning | 0.00% | Reduce -10.6% | 69,663 | $1.1M |
| Barclays PLC | 0.00% | Add +40.2% | 68,772 | $1.1M |
| WINTON GROUP Ltd | 0.04% | New | 65,000 | $1.1M |
| HRT Financial LP | 0.00% | Reduce -85.0% | 64,879 | $1.1M |
| Hyperion Capital Advisors LP | 0.49% | Add +307.1% | 61,067 | $1000K |
| HighTower Advisors, LLC | 0.00% | Reduce -0.9% | 60,147 | $985K |
| Lazard Asset Management LLC | 0.00% | Reduce -75.2% | 59,926 | $981K |
| Asset Management One Co., Ltd. | 0.00% | Reduce -3.7% | 56,553 | $930K |
| Nomura Asset Management Co. Ltd. | 0.00% | No change | 56,100 | $918K |
| NFJ Investment Group, LLC | 0.03% | Add +4.9% | 53,884 | $882K |
| Sanctuary Advisors, LLC | 0.00% | Reduce -23.3% | 52,916 | $866K |
| Harvest Fund Management Co., Ltd | 0.03% | Add +48.2% | 52,676 | $860K |
| Marex Group Ltd | 0.01% | Add +353.3% | 51,915 | $850K |
| Havemeyer Place LP | 0.17% | — | 51,663 | $846K |
| EFG International AG | 0.02% | — | 48,637 | $796K |
| Trexquant Investment LP | 0.01% | Reduce -88.4% | 48,172 | $789K |
| Dauntless Investment Group, LLC | 2.81% | Add +132.7% | 46,696 | $764K |
| Swiss Life Asset Management Ltd | 0.00% | Add +30.1% | 46,486 | $761K |
| Triglav Investments, D.O.O. | 0.05% | Add +31.5% | 46,033 | $754K |
| Point Nemo Capital, LLC | 0.74% | — | 45,576 | $746K |
| Ethic Inc. | 0.01% | Add +32.0% | 44,060 | $721K |
| DNB Asset Management AS | 0.00% | Reduce -72.3% | 44,043 | $721K |
| Neuberger Berman Group LLC | 0.00% | Reduce -1.0% | 43,938 | $719K |
| Qsemble Capital Management, LP | 0.05% | Add +1.0% | 38,334 | $628K |
| Fairtree Asset Management (Pty) Ltd | 0.29% | Add +8.1% | 38,208 | $625K |
| VPR Management LLC | 0.27% | No change | 37,068 | $607K |
| Macquarie Group Ltd. | 0.00% | Reduce -40.2% | 36,147 | $592K |
| Diametric Capital, LP | 0.16% | New | 35,697 | $584K |
| Axq Capital, LP | 0.13% | Add +22.4% | 34,574 | $566K |
| Atria Investments, Inc | 0.01% | Reduce -7.0% | 34,312 | $562K |
| Amalgamated Bank | 0.00% | Add +61.7% | 34,217 | $560K |
| Parallax Volatility Advisers, L.P. | 0.02% | New | 34,126 | $559K |
| Banco Santander, S.A. | 0.00% | New | 33,696 | $552K |
| Drucker Wealth 3.0, LLC | 0.10% | Add +61.6% | 33,669 | $551K |
| Legacy Wealth Asset Management, LLC | 0.13% | Reduce -0.3% | 32,196 | $527K |
| Mariner, LLC | 0.00% | Reduce -4.2% | 31,843 | $522K |
| Teacher Retirement System of Texas | 0.00% | Reduce -8.9% | 31,533 | $516K |
| SummitTX Capital, L.P. | 0.02% | Add +2.9% | 30,978 | $507K |
| Man Group plc | 0.00% | New | 30,700 | $503K |
| Martingale Asset Management L P | 0.01% | Reduce -53.2% | 30,171 | $494K |
| DRW Securities, LLC | 0.04% | Add +46.6% | 29,079 | $476K |
| Xponance LLC | 0.00% | Reduce -0.9% | 28,687 | $470K |
| Headlands Technologies LLC | 0.04% | New | 28,122 | $460K |
| Ieq Capital, LLC | 0.00% | Reduce -41.4% | 27,119 | $444K |
| Aberdeen Group plc | 0.00% | Add +7.4% | 27,076 | $443K |
| OMERS ADMINISTRATION Corp | 0.00% | New | 26,717 | $437K |
| IFM Investors Pty Ltd | 0.00% | Add +20.2% | 26,702 | $437K |
| AlphaGrep UK Ltd | 0.14% | — | 26,411 | $432K |
| Wells Fargo & Company | 0.00% | Add +31.3% | 26,331 | $431K |
| Summit Trail Advisors, LLC | 0.01% | Add +17.3% | 26,134 | $428K |
| Employees Retirement System of Texas | 0.00% | Reduce -57.0% | 25,905 | $424K |
| STRS Ohio | 0.00% | Reduce -10.7% | 25,601 | $419K |
| LSV Asset Management | 0.00% | No change | 25,400 | $416K |
| Banco BTG Pactual S.A. | 0.07% | Reduce -61.1% | 23,909 | $391K |
| &partners | 0.00% | Reduce -60.4% | 23,646 | $387K |
| Prudential PLC | 0.00% | Reduce -9.9% | 23,362 | $382K |
| Tudor Investment Corporation | 0.00% | New | 22,154 | $363K |
| Sterling Capital Management LLC | 0.01% | Reduce -5.8% | 21,582 | $353K |
| Utah Retirement Systems | 0.00% | No change | 21,424 | $351K |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 0.00% | Add +17.9% | 21,368 | $350K |
| Janney Montgomery Scott LLC | 0.00% | Reduce -96.9% | 20,951 | $343K |
| Principal Securities, Inc. | 0.01% | Add +40.4% | 20,746 | $340K |
| Graham Capital Management, L.P. | 0.02% | Add +11.5% | 20,650 | $338K |
| Skandinaviska Enskilda Banken AB (publ) | 0.00% | Reduce -63.6% | 20,434 | $335K |
| Tandem Capital Management Corp. | 0.15% | Add +25.9% | 20,203 | $331K |
| Nomura Holdings Inc. | 0.00% | New | 20,037 | $328K |
| OneAscent Financial Services LLC | 0.03% | Add +7.3% | 19,837 | $325K |
| Ensign Peak Advisors, Inc | 0.00% | No change | 19,750 | $323K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Reduce -13.2% | 18,673 | $318K |
| Maryland State Retirement & Pension System | 0.01% | No change | 19,068 | $312K |
| Outlook Wealth Advisors, LLC | 0.07% | Reduce -0.8% | 18,994 | $311K |
| Polymer Capital Management (US) LLC | 0.04% | New | 18,873 | $309K |
| OneAscent Wealth Management LLC | 0.10% | Reduce -2.5% | 18,230 | $298K |
| Armistice Capital, LLC | 0.01% | New | 18,204 | $298K |
| Private Advisor Group, LLC | 0.00% | Reduce -45.7% | 17,889 | $293K |
| Orion Porfolio Solutions, LLC | 0.00% | Add +10.9% | 17,777 | $291K |
| Gulf International Bank (UK) Ltd | 0.01% | No change | 17,346 | $284K |
| Diversified Trust Co. | 0.01% | Add +2.3% | 16,779 | $275K |
| Bridgefront Capital, LLC | 0.07% | Add +33.5% | 16,725 | $274K |
| Walleye Capital LLC | 0.00% | Add +245.4% | 16,432 | $269K |
| Federation des caisses Desjardins du Quebec | 0.00% | Add +11.9% | 16,292 | $267K |
| OneAscent Investment Solutions LLC | 0.28% | Reduce -0.4% | 15,904 | $260K |
| Frank, Rimerman Advisors LLC | 0.02% | No change | 14,606 | $239K |
| Pekin Hardy Strauss, Inc. | 0.02% | New | 14,500 | $237K |
| Cwm, LLC | 0.00% | Reduce -13.5% | 14,339 | $235K |
| North Dakota State Investment Board | 0.01% | — | 14,347 | $235K |
| Credit Agricole S A | 0.00% | No change | 14,200 | $232K |
| PNC Financial Services Group, Inc. | 0.00% | Add +4.3% | 13,855 | $227K |
| V-Square Quantitative Management LLC | 0.02% | No change | 13,800 | $226K |
| Virtu Financial LLC | 0.01% | New | 13,746 | $225K |
| Inspire Advisors, LLC | 0.02% | New | 13,486 | $221K |
| Paragon Capital Management Ltd | 0.04% | No change | 13,474 | $221K |
| Dakota Wealth Management | 0.00% | Add +15.3% | 13,363 | $219K |
| Merit Financial Group, LLC | 0.00% | Reduce -16.4% | 13,313 | $218K |
| Balyasny Asset Management L.P. | 0.00% | Reduce -96.5% | 12,944 | $212K |
| Yousif Capital Management, LLC | 0.00% | Add +0.6% | 11,498 | $211K |
| PCM Encore, LLC | 0.04% | — | 12,793 | $209K |
| US Bancorp \de | 0.00% | Reduce -4.0% | 12,635 | $207K |
| O'shaughnessy Asset Management, LLC | 0.00% | Add +0.2% | 12,493 | $205K |
| Vanguard Personalized Indexing Management, LLC | 0.00% | Reduce -6.0% | 11,983 | $196K |
| Marshall Financial Group, LLC | 0.04% | Reduce -82.3% | 11,733 | $192K |
| Raymond James Financial Inc. | 0.00% | Reduce -68.8% | 11,727 | $192K |
| Cetera Investment Advisers | 0.00% | Reduce -72.6% | 11,518 | $189K |
| Oppenheimer Asset Management Inc. | 0.00% | Reduce -17.2% | 11,451 | $187K |
| Vestcor Inc | 0.01% | Add +234.9% | 11,430 | $187K |
| Principal Financial Group Inc. | 0.00% | Reduce -23.4% | 11,416 | $187K |
| 9823 Capital, L.P. | 0.13% | — | 11,198 | $183K |
| Lighthouse Investment Partners, LLC | 0.01% | New | 11,078 | $181K |
| 1832 Asset Management L.P. | 0.00% | New | 10,949 | $179K |
| Impact Partnership Wealth, LLC | 0.02% | New | 10,926 | $179K |
| GAMMA Investing LLC | 0.01% | Add +5.7% | 10,750 | $176K |
| LPL Financial LLC | 0.00% | Reduce -66.2% | 10,454 | $171K |
| Pinnacle Wealth Planning Services, Inc. | 0.02% | New | 8,926 | $146K |
| Fideuram Asset Management (Ireland) dac | 0.01% | — | 10,404 | $141K |
| Covestor Ltd | 0.07% | Reduce -0.9% | 8,382 | $137K |
| MetLife Investment Management, LLC | 0.00% | Reduce -3.5% | 8,159 | $134K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Add +11.8% | 6,867 | $113K |
| Signaturefd, LLC | 0.00% | Add +1.1% | 5,760 | $94K |
| Global Retirement Partners, LLC | 0.00% | Add +154.3% | 5,597 | $92K |
| Osaic Holdings, Inc. | 0.00% | Reduce -94.8% | 4,476 | $73K |
| Versant Capital Management, Inc | 0.01% | Add +33.0% | 4,158 | $68K |
| Virtus Advisers, LLC | 0.03% | No change | 4,000 | $65K |
| Blue Trust, Inc. | 0.00% | Reduce -2.1% | 3,963 | $65K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -53.8% | 3,841 | $63K |
| Aster Capital Management (DIFC) Ltd | 0.02% | New | 3,390 | $55K |
| Quadrant Capital Group LLC | 0.00% | Reduce -4.5% | 3,045 | $50K |
| Basecamp Wealth Advisors LLC | 0.01% | — | 2,480 | $41K |
| FNY Investment Advisers, LLC | 0.01% | New | 2,100 | $34K |
| Provida Pension Fund Administrator | 0.00% | No change | 1,858 | $30K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +6.2% | 1,690 | $28K |
| Parallel Advisors, LLC | 0.00% | Add +0.6% | 1,513 | $25K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -31.7% | 1,479 | $24K |
| Grove Bank & Trust | 0.00% | Reduce -4.4% | 1,438 | $24K |
| Rockefeller Capital Management L.P. | 0.00% | Add +204.4% | 1,242 | $20K |
| Larson Financial Group LLC | 0.00% | Add +46.4% | 861 | $14K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +2.6% | 854 | $14K |
| Triumph Capital Management | 0.00% | New | 800 | $13K |
| J.Safra Asset Management Corp | 0.00% | New | 600 | $10K |
| Westside Investment Management, Inc. | 0.00% | No change | 545 | $9K |
| Allworth Financial LP | 0.00% | Add +35.8% | 505 | $8K |
| Clearstead Trust, LLC | 0.00% | Reduce -6.7% | 429 | $7K |
| SBI Securities Co., Ltd. | 0.00% | No change | 386 | $6K |
| Arax Advisory Partners | 0.00% | Reduce -88.1% | 363 | $6K |
| Smartleaf Asset Management LLC | 0.00% | Reduce -61.6% | 357 | $6K |
| National Bank of Canada | 0.00% | Reduce -6.7% | 335 | $5K |
| Parkside Financial Bank & Trust | 0.00% | Add +86.0% | 333 | $5K |
| Essential Partners LLC | 0.00% | Reduce -22.9% | 306 | $5K |
| MV Capital Management, Inc. | 0.00% | No change | 257 | $4K |
| Elyxium Wealth, LLC | 0.00% | New | 238 | $4K |
| Transamerica Financial Advisors, LLC | 0.00% | Add +6066.7% | 185 | $3K |
| WPG Advisers, LLC | 0.00% | Add +35.3% | 180 | $3K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -57.1% | 150 | $2K |
| IFP Advisors, Inc | 0.00% | Add +28.9% | 134 | $2K |
| CIBC Private Wealth Group LLC | 0.00% | Reduce -15.3% | 133 | $2K |
| Bessemer Group Inc. | 0.00% | New | 121 | $2K |
| Ramirez Asset Management, Inc. | 0.00% | New | 122 | $2K |
| Rothschild Investment LLC | 0.00% | Reduce -97.8% | 121 | $2K |
| Activest Wealth Management | 0.00% | Add +2.6% | 116 | $2K |
| Park Place Capital Corp | 0.00% | No change | 103 | $2K |
| SageView Advisory Group, LLC | 0.00% | New | 95 | $2K |
| Johnson Financial Group, Inc. | 0.00% | No change | 91 | $1K |
| Northwestern Mutual Wealth Management Co. | 0.00% | New | 86 | $1K |
| Clearstead Advisors, LLC | 0.00% | Reduce -61.0% | 82 | $1K |
| True Wealth Design, LLC | 0.00% | Add +89.2% | 70 | $1K |
| Bell Investment Advisors, Inc | 0.00% | No change | 69 | $1K |
| MAI Capital Management | 0.00% | Reduce -6.8% | 68 | $1K |
| Kilter Group LLC | 0.00% | Reduce -12.2% | 65 | $1K |
| Jones Financial Companies LLLP | 0.00% | No change | 61 | $999 |
| Cornerstone Financial Management LLC | 0.00% | — | 56 | $917 |
| Cromwell Holdings LLC | 0.00% | No change | 53 | $868 |
| Investors Research Corp | 0.00% | Reduce -76.5% | 48 | $786 |
| Stone House Investment Management, LLC | 0.00% | New | 46 | $753 |
| Ares Financial Consulting, LLC | 0.00% | — | 42 | $688 |
| Huntington National Bank | 0.00% | No change | 35 | $573 |
| Bruce G. Allen Investments, LLC | 0.00% | No change | 33 | $540 |
| Advocate Investing Services LLC | 0.00% | — | 31 | $507 |
| SouthState Bank Corp | 0.00% | No change | 30 | $492 |
| Caitong International Asset Management Co., Ltd | 0.00% | Reduce -98.9% | 30 | $491 |
| Quent Capital, LLC | 0.00% | Reduce -81.0% | 26 | $426 |
| UMB Bank, n.a. | 0.00% | Reduce -16.7% | 25 | $409 |
| Fifth Third Bancorp | 0.00% | No change | 23 | $377 |
| Root Financial Partners, LLC | 0.00% | New | 17 | $278 |
| Rakuten Securities, Inc. | 0.00% | Reduce -18.8% | 13 | $213 |
| Turning Point Benefit Group, Inc. | 0.00% | No change | 12 | $196 |
| Kimelman & Baird, LLC | 0.00% | No change | 3 | $50 |
| JFS Wealth Advisors, LLC | 0.00% | No change | 3 | $50 |
| Hollencrest Capital Management | 0.00% | No change | 3 | $49 |
| Keating Financial Advisory Services, Inc. | 0.00% | — | 2 | $33 |
| CGC Financial Services, LLC | 0.00% | No change | 1 | $16 |
"% of holder's portfolio" is XP's weight in each manager's 13F, not the share of XP Inc. Class A the manager owns.