XP Inc.
US ˙ NasdaqGS ˙ KYG982391099

SecurityXP / XP Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership5,980,892 shares
Latest Disclosed Value $ 113,876,218
Morgan Stanley reports 37.20% decrease in ownership of XP / XP Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 5,980,892 shares of XP Inc. (US:XP) valued at $113,876,184 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 9,524,277 shares of XP Inc.. This represents a change in shares of -37.20% during the quarter. The current value of the position is $93,541,151 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F XP CL A G98239109 5,980,892 -3,543,385 -37.20 113,876 -26.96 0.0069
2026-05-27 2025-12-31 13F/A-1 XP CL A G98239109 9,524,277 1,113,641 13.24 155,912 -1.34 0.0093
2026-02-13 2025-12-31 13F XP CL A G98239109 9,524,277 1,113,641 155,912 0.0093
2026-05-27 2025-09-30 13F/A-1 XP CL A G98239109 8,410,636 -509,666 -5.71 158,036 -12.30 0.0096
2025-11-14 2025-09-30 13F XP CL A G98239109 8,410,636 -509,666 158,036 0.0096
2025-08-15 2025-06-30 13F XP CL A G98239109 8,920,302 4,502,406 101.91 180,190 196.63 0.0117
2025-05-15 2025-03-31 13F XP CL A G98239109 4,417,896 -1,581,192 -26.36 60,746 -14.55 0.0043
2025-05-15 2024-12-31 13F/A-1 XP CL A G98239109 5,999,088 1,667,234 38.49 71,089 -8.52 0.0050
2025-02-14 2024-12-31 13F XP CL A G98239109 5,999,088 1,667,234 71,089 0.0050
2025-05-14 2024-09-30 13F/A-2 XP CL A G98239109 4,331,854 1,310,426 43.37 77,713 46.23 0.0056
2025-02-14 2024-09-30 13F/A-1 XP CL A G98239109 4,331,854 1,310,426 77,713 0.0056
2024-11-14 2024-09-30 13F XP CL A G98239109 4,331,854 1,310,426 77,713 0.0007
2025-05-14 2024-06-30 13F/A-2 XP CL A G98239109 3,021,428 -1,215,361 -28.69 53,147 -51.11 0.0041
2024-10-17 2024-06-30 13F/A-1 XP CL A G98239109 3,021,428 -1,215,361 53,147 0.0041
2024-08-14 2024-06-30 13F XP CL A G98239109 3,021,428 -1,215,361 53,147 0.0041
2024-10-17 2024-03-31 13F/A-2 XP CL A G98239109 4,236,789 1,782,222 72.61 108,716 69.90 0.0087
2024-08-16 2024-03-31 13F/A-1 XP CL A G98239109 4,236,789 1,782,222 108,716 0.0010
2024-05-15 2024-03-31 13F XP CL A G98239109 4,236,789 1,782,222 108,716 0.0087
2024-08-16 2023-12-31 13F/A-1 XP CL A G98239109 2,454,567 573,339 30.48 63,991 47.57 0.0056
2024-02-13 2023-12-31 13F XP CL A G98239109 2,454,567 573,339 63,991 0.0056
2023-11-15 2023-09-30 13F XP CL A G98239109 1,881,228 -564,250 -23.07 43,362 -24.42 0.0044
2023-08-14 2023-06-30 13F XP CL A G98239109 2,445,478 -496,836 -16.89 57,371 64.27 0.0057
2023-05-15 2023-03-31 13F XP CL A G98239109 2,942,314 -484,682 -14.14 34,925 -33.56 0.0037
2023-02-14 2022-12-31 13F XP CL A G98239109 3,426,996 945,055 38.08 52,570 11.42 0.0060
2022-11-14 2022-09-30 13F XP CL A G98239109 2,481,941 -421,279 -14.51 47,182 -9.51 0.0064
2022-10-27 2022-06-30 13F/A-1 XP CL A G98239109 2,903,220 1,910,466 192.44 52,142 74.49 0.0068
2022-08-15 2022-06-30 13F XP CL A G98239109 2,903,220 1,910,466 52,142 0.0068
2022-10-27 2022-03-31 13F/A-1 XP CL A G98239109 992,754 -518,002 -34.29 29,883 -31.18 0.0040
2022-05-13 2022-03-31 13F XP CL A G98239109 992,754 -518,002 29,883 0.0040
2022-02-14 2021-12-31 13F XP CL A G98239109 1,510,756 810,436 115.72 43,420 54.34 0.0054
2021-11-15 2021-09-30 13F XP CL A G98239109 700,320 218,808 45.44 28,132 34.16 0.0038
2021-08-23 2021-06-30 13F/A-1 XP CL A G98239109 481,512 154,032 47.04 20,969 69.98 0.0028
2021-08-16 2021-06-30 13F XP CL A G98239109 481,512 154,032 20,969 0.0006
2021-05-17 2021-03-31 13F XP CL A G98239109 327,480 88,018 36.76 12,336 29.87 0.0018
2021-02-16 2020-12-31 13F XP CL A G98239109 239,462 170,711 248.30 9,499 231.32 0.0015
2020-11-13 2020-09-30 13F XP CL A G98239109 68,751 62,147 941.05 2,867 935.02 0.0006
2020-08-14 2020-06-30 13F XP CL A G98239109 6,604 -54,125 -89.13 277 -76.35 0.0001
2020-05-26 2020-03-31 13F/A-1 XP CL A G98239109 60,729 -900,759 -93.68 1,171 -96.84 0.0003
2020-05-15 2020-03-31 13F XP CL A G98239109 60,729 -900,759 1,171 89.9572
2020-02-14 2019-12-31 13F XP CL A G98239109 961,488 961,488 37,037 0.0086
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.