Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
ARGA Investment Management LP and Avula Rama Krishna report beneficial ownership of Class A common shares of XP Inc. held across funds and separate managed accounts. As of June 30, 2026, the accounts held 24,643,382 Class A shares, representing 5.9% of XP Inc.’s outstanding Class A common shares, based on 416,559,470 shares outstanding.
The reporting persons have shared voting power over 18,260,485 shares and shared dispositive power over 24,643,382 shares, with no sole voting or dispositive power. The manager serves as investment manager to the accounts and may be deemed a beneficial owner through its investment discretion, while Avula Rama Krishna may be deemed to control shares via a significant membership interest in the manager. Both reporting persons expressly disclaim beneficial ownership except to the extent of any pecuniary interest.
Key Figures
Shares beneficially owned:24,643,382 sharesOwnership percentage:5.9%Outstanding shares baseline:416,559,470 shares+3 more
6 metrics
Shares beneficially owned24,643,382 sharesClass A common shares of XP Inc. held by the accounts as of June 30, 2026
Ownership percentage5.9%Portion of XP Inc. Class A common shares attributed to the reporting persons
Outstanding shares baseline416,559,470 sharesXP Inc. Class A shares outstanding used to compute the 5.9% stake
Shared voting power18,260,485 sharesShares over which the reporting persons have shared power to vote or direct the vote
Shared dispositive power24,643,382 sharesShares over which the reporting persons have shared power to dispose or direct disposition
Ownership date referenceJune 30, 2026Date as of which holdings and percentages are stated
Key Terms
beneficial owner, dispositive power, pecuniary interest, Separate Managed Accounts, +1 more
5 terms
beneficial ownerfinancial
"Accordingly, the Manager may be deemed to be the beneficial owner of 5.92%"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
dispositive powerfinancial
"shared power to dispose or to direct the disposition of the 24,643,382 shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
pecuniary interestfinancial
"except to the extent of any pecuniary interest therefrom, and this report shall not"
Separate Managed Accountsfinancial
"Funds and Separate Managed Accounts (collectively, "Accounts") were the legal owner"
investment discretionfinancial
"over which the Manager has investment discretion and/or voting power"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of XP (XP) does ARGA Investment Management report owning?
ARGA Investment Management reports beneficial ownership of 5.9% of XP Inc.’s Class A common shares. This is based on holdings of 24,643,382 shares versus 416,559,470 outstanding shares as of June 30, 2026.
How many XP (XP) shares are held by the ARGA-managed accounts?
Funds and separate managed accounts overseen by ARGA hold 24,643,382 XP Class A shares. These holdings are used to calculate a 5.9% ownership stake, based on 416,559,470 shares outstanding as of June 30, 2026.
What voting power does ARGA have over XP (XP) shares?
ARGA and Avula Rama Krishna report shared voting power over 18,260,485 XP Class A shares. They report no sole voting power and shared dispositive power over 24,643,382 shares held by the accounts they manage.
Who are the reporting persons in this XP (XP) Schedule 13G?
The reporting persons are ARGA Investment Management LP and Avula Rama Krishna. ARGA acts as investment manager to the accounts, and Avula Rama Krishna holds a significant membership interest in ARGA that may confer control over those holdings.
Do ARGA and Avula Rama Krishna claim full beneficial ownership of XP (XP) shares?
No. Both reporting persons disclaim beneficial ownership of XP shares held by the accounts, except to the extent of any pecuniary interest. They state the report should not be deemed an admission of beneficial ownership.
What is the reference share count used to compute ARGA’s stake in XP (XP)?
The ownership percentage uses a reference of 416,559,470 outstanding XP Class A shares, as reported in Bloomberg. Based on this, the 24,643,382 shares held by the accounts represent approximately 5.92%, rounded to 5.9%.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
XP Inc.
(Name of Issuer)
Class A common shares, par value US$0.00001 per share
(Title of Class of Securities)
G98239109
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G98239109
1
Names of Reporting Persons
ARGA Investment Management, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
18,260,485.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
24,643,382.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
24,643,382.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.9 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
G98239109
1
Names of Reporting Persons
Avula Rama Krishna
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
18,260,485.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
24,643,382.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
24,643,382.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.9 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
XP Inc.
(b)
Address of issuer's principal executive offices:
20, Genesis Close, Grand Cayman, George Town, E9 KY-1-1208
Item 2.
(a)
Name of person filing:
This schedule 13G is being jointly filed by ARGA Investment Management LP (the "Manager"), a limited partnership under the laws of Delaware, and Avula Rama Krishna with respect to the ownership of Class A common shares of the Issuer by the Funds and Separate Managed Accounts (collectively, "Accounts") over which the Manager has investment discretion and/or voting power. The Manager and Avula Rama Krishna are collectively referred to in this Schedule 13G as "Reporting Persons."
(b)
Address or principal business office or, if none, residence:
The Manager is a limited partnership organized under the laws of Delaware. Avula Rama Krishna is a citizen of the United States.
(d)
Title of class of securities:
Class A common shares, par value US$0.00001 per share
(e)
CUSIP Number(s):
G98239109
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
ARGA Investment Management, LP
Signature:
/s/ Neda Clark
Name/Title:
Neda Clark, Chief Compliance Officer
Date:
08/13/2026
Avula Rama Krishna
Signature:
/s/ Avula Rama Krishna
Name/Title:
Avula Rama Krishna
Date:
08/13/2026
Exhibit Information
1. Items 4(a) and 4(b) of Schedule 13G
As of June 30, 2026, the Funds and Separate Managed Accounts (collectively, "Accounts") were the legal owner of 24,643,382 class A common shares. Based on there being 416,559,470 outstanding shares, as reported in Bloomberg, the Accounts' holdings represent approximately 5.92% (rounded to 5.9% for purposes of the filing) of the outstanding shares.
The Manager serves as investment manager to the Accounts and has voting power over 18,260,485 shares and discretionary authority over 24,643,382 shares representing 5.92% (rounded to 5.9% for purposes of the filing) of outstanding shares. Accordingly, the Manager may be deemed to be the beneficial owner of 5.92% (rounded to 5.9% for purposes of the filing) of the outstanding shares.
Avula Rama Krishna owns a significant membership interest in the Manager and as such may be deemed to control shares held by the Manager by virtue of his interest in the Manager.
Each of the Reporting Persons disclaims beneficial ownership of the shares of the Issuer held by the Accounts, except to the extent of any pecuniary interest therefrom, and this report shall not be deemed to be an admission that they are the beneficial owners of such securities.
2. Item 4(c) of Schedule 13G
As of June 30, 2026, each of the Reporting Persons may be deemed to have the power to vote or to direct the voting of 18,260,485 shares and/or to dispose or to direct the disposition of the 24,643,382 shares held by the Accounts.
Each of the Reporting Persons disclaims beneficial ownership of the shares of the Issuer held by the Accounts, except to the extent of any pecuniary interest therefrom, and this report shall not be deemed to be an admission that they are the beneficial owners of such securities.
