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313 hedge funds and large institutions have $6.96B invested in XP in 2025 Q2 according to their latest regulatory filings, with 62 funds opening new positions, 127 increasing their positions, 96 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

49% more capital invested

Capital invested by funds: $4.68B → $6.96B (+$2.27B)

48% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 42

32% more repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 96

30% more funds holding in top 10

Funds holding in top 10: 1013 (+3)

6% more funds holding

Funds holding: 296313 (+17)

1.29% more ownership

Funds ownership: 77.9%79.19% (+1.3%)

6% less call options, than puts

Call options by funds: $90.5M | Put options by funds: $96.3M

Holders
313
Holders Change
+17
Holders Change %
+5.74%
% of All Funds
4.12%
Holding in Top 10
13
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+30%
% of All Funds
0.17%
New
62
Increased
127
Reduced
96
Closed
42
Calls
$90.5M
Puts
$96.3M
Net Calls
-$5.77M
Net Calls Change
+$30.8M
Name Holding Trade Value Shares
Change
Change in
Stake
PA
226
PharVision Advisers
Florida
$292K +$249K +14,437 New
PCMC
227
Paragon Capital Management (Colorado)
Colorado
$289K +$247K +14,311 New
IPW
228
Impact Partnership Wealth
Georgia
$287K -$87.8K -5,081 -26%
OAM
229
Oppenheimer Asset Management
New York
$279K
VSQM
230
V-Square Quantitative Management
Illinois
$279K +$238K +13,800 New
Carson Wealth (CWM LLC)
231
Carson Wealth (CWM LLC)
Nebraska
$277K +$96K +5,557 +68%
GI
232
GAMMA Investing
California
$274K +$115K +6,662 +97%
MFG
233
Merit Financial Group
Georgia
$273K +$4.16K +241 +2%
AFCM
234
Applied Finance Capital Management
Puerto Rico
$268K +$229K +13,264 New
PCM
235
Polymer Capital Management
New York
$267K +$229K +13,233 New
FDCDDQ
236
Federation des caisses Desjardins du Quebec
Quebec, Canada
$262K +$36.9K +2,137 +20%
VPIM
237
Vanguard Personalized Indexing Management
California
$260K +$47.2K +2,732 +27%
Royal Bank of Canada
238
Royal Bank of Canada
Ontario, Canada
$259K -$261K -15,119 -54%
PNC Financial Services Group
239
PNC Financial Services Group
Pennsylvania
$247K +$64.9K +3,755 +44%
FAM
240
Fairtree Asset Management
South Africa
$242K +$207K +11,998 New
MC
241
Machina Capital
France
$241K +$206K +11,913 New
DT
242
Diversified Trust
Tennessee
$235K +$201K +11,618 New
PS
243
Principal Securities
Iowa
$234K +$86.2K +4,989 +75%
TSS
244
Two Sigma Securities
New York
$230K -$537K -31,089 -73%
YCM
245
Yousif Capital Management
Michigan
$226K -$3.52K -204 -2%
PTC
246
Petrus Trust Company
Texas
$225K +$192K +11,130 New
SGI
247
Summit Global Investments
Utah
$222K +$190K +10,988 New
BS
248
Banco Santander
Spain
$217K -$118K -6,836 -39%
SAM
249
Shell Asset Management
Netherlands
$216K +$47.3K +2,738 +34%
IHL
250
Investment House LLC
California
$202K +$173K +10,000 New

XP Hedge Fund Activity: Q2 2025 in Review

313 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in XP (XP) for Q2 2025, worth a combined $6.96B — up 49% from $4.68B a quarter earlier.

Buyers outnumbered sellers: 62 funds opened new XP positions and 42 closed out — a net gain of 20 holders — while 127 added to existing stakes and 96 trimmed.

The largest buyer was Massachusetts Financial Services, opening a new position worth an estimated $150M. The largest seller was Mawer Investment Management, exiting entirely with an estimated $338M sold.

  • 313 institutional investors held XP (XP) as of Q2 2025, up from 296 in Q1 2025.
  • Funds reported $6.96B of XP stock for Q2 2025, up 49% quarter-over-quarter.
  • 62 funds opened new XP positions in Q2 2025 and 42 closed out, a net change of +20 holders.
  • The largest XP buyer in Q2 2025 was Massachusetts Financial Services, an estimated $150M added.
  • The largest XP seller in Q2 2025 was Mawer Investment Management, an estimated $338M sold.

Based on aggregated 13F filings for Q2 2025.