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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
BlackRock
1
BlackRock
New York
$946M +$99.8M +5,777,870 +14%
Capital World Investors
2
Capital World Investors
California
$841M +$33.1M +1,917,814 +5%
Dodge & Cox
3
Dodge & Cox
California
$693M -$142M -8,229,400 -19%
GA
4
General Atlantic
New York
$515M -$70.8M -4,100,000 -14%
Arrowstreet Capital
5
Arrowstreet Capital
Massachusetts
$219M +$49.8M +2,881,898 +36%
State Street
6
State Street
Massachusetts
$196M +$2.17M +125,818 +1%
Morgan Stanley
7
Morgan Stanley
New York
$180M +$77.8M +4,502,406 +102%
Massachusetts Financial Services
8
Massachusetts Financial Services
Massachusetts
$175M +$150M +8,673,120 New
ACGDR
9
Atmos Capital Gestao de Recursos
Brazil
$164M -$14.5M -838,703 -9%
OAG
10
Orbis Allan Gray
Bermuda
$162M +$138M +8,001,932 New
SI
11
Squadra Investments
Brazil
$156M -$26.7M -1,547,709 -17%
Schroder Investment Management Group
12
Schroder Investment Management Group
United Kingdom
$142M +$122M +7,047,885 New
Norges Bank
13
Norges Bank
Norway
$103M +$2.75M +158,931 +3%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$92M +$63.2K +3,656 +0.1%
Fisher Asset Management
15
Fisher Asset Management
Washington
$91.2M +$5.96M +344,714 +8%
Bank of America
16
Bank of America
North Carolina
$84.3M +$27.1M +1,565,759 +60%
SCP
17
Seafarer Capital Partners
California
$82.2M
Canada Pension Plan Investment Board
18
Canada Pension Plan Investment Board
Ontario, Canada
$78.9M -$8.6M -497,550 -11%
Fidelity Investments
19
Fidelity Investments
Massachusetts
$74.9M +$8.76M +506,907 +16%
Voloridge Investment Management
20
Voloridge Investment Management
Florida
$70.8M +$18.8M +1,088,064 +45%
AQR Capital Management
21
AQR Capital Management
Connecticut
$67.4M +$53.9M +3,118,626 +1,433%
Vanguard Group
22
Vanguard Group
Pennsylvania
$62.6M -$37.5M -2,171,288 -41%
Jennison Associates
23
Jennison Associates
New York
$57.3M -$594K -34,393 -1%
UBS AM
24
UBS AM
Illinois
$55.7M +$2.22M +128,283 +5%
Northern Trust
25
Northern Trust
Illinois
$54.3M +$557K +32,230 +1%

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.