The largest holder of XP stock is BlackRock Advisors LLC, with 39.5 million shares (9.51% of the company), worth about $720.00 million as of September 25, 2026. The 10 largest holders together own 44.3%.
In Q2 2026, 351 institutional holdings reports listed 335.0 million shares worth $5.50 billion, up 0.6% in shares from Q1 2026.
Major holders as of September 25, 2026; quarterly totals from institutional holdings reports (latest Q2 2026).

2026Q2
| Holder | Shares | % of company | Value |
|---|---|---|---|
| BlackRock Advisors LLC | 39.5 million | 9.51% | $720.0M |
| Dodge & Cox | 32.6 million | 7.84% | $594.0M |
| ARGA Investment Management LP | 24.6 million | 5.93% | $449.0M |
| General Atlantic LP | 20.6 million | 4.95% | $375.0M |
| Capital Research & Management Co. (World Investors) | 19.4 million | 4.67% | $353.0M |
| MFS Investment Management Canada Ltd. | 12.6 million | 3.02% | $229.0M |
| State Street Corporation | 9.7 million | 2.33% | $177.0M |
| BlackRock Life Ltd. | 9.1 million | 2.19% | $166.0M |
| Ninety One UK Ltd. | 8.1 million | 1.94% | $147.0M |
| Fidelity Management & Research Co. LLC | 8.0 million | 1.92% | $145.0M |
As of September 25, 2026.
| Quarter | Reports | Shares | Value |
|---|---|---|---|
| Q2 2026 | 351 | 335.0 million | $5.5B |
| Q1 2026 | 386 | 333.0 million | $6.3B |
| Q4 2025 | 372 | 350.0 million | $5.7B |
| Q3 2025 | 368 | 352.0 million | $6.6B |
| Q2 2025 | 340 | 345.0 million | $7.0B |
| Q1 2025 | 321 | 341.0 million | $4.7B |
| Q4 2024 | 317 | 349.0 million | $4.2B |
| Q3 2024 | 323 | 349.0 million | $6.3B |
Shares and value held by institutions that file quarterly holdings reports (options not included).
BlackRock Advisors LLC, with 9.51% of the company (as of September 25, 2026). Next: Dodge & Cox (7.84%) and ARGA Investment Management LP (5.93%).
351 institutional holdings reports listed XP shares in Q2 2026, 335.0 million shares in all worth $5.50 billion.