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Fintel reports that Itausa S.A. has filed a 13D/A form with the SEC disclosing ownership of 35,470,985 shares of XP Inc. Class A (XP). This represents 7.9% of the company.
In their previous filing dated October 5, 2022 they reported 50,970,985 shares and 11.40% of the company, a decrease in shares of 30.41% and a decrease in total ownership of 3.50% (calculated as current – previous percent ownership).
XP is a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil.
What are other large shareholders doing?
Dodge & Cox holds 29,866,731 shares representing 5.39% ownership of the company. In it’s prior filing, the firm reported owning 28,888,185 shares, representing an increase of 3.28%. The firm increased its portfolio allocation in XP by 19.79% over the last quarter.
General Atlantic Llc holds 25,317,733 shares representing 4.57% ownership of the company. In it’s prior filing, the firm reported owning 20,475,733 shares, representing an increase of 19.12%. The firm increased its portfolio allocation in XP by 18.05% over the last quarter.
Price T Rowe Associates Inc /md/ holds 20,352,279 shares representing 3.67% ownership of the company. In it’s prior filing, the firm reported owning 21,759,862 shares, representing a decrease of 6.92%. The firm decreased its portfolio allocation in XP by 42.61% over the last quarter.
Harding Loevner Lp holds 16,002,301 shares representing 2.89% ownership of the company. In it’s prior filing, the firm reported owning 16,281,542 shares, representing a decrease of 1.75%. The firm increased its portfolio allocation in XP by 10.51% over the last quarter.
Capital World Investors holds 14,445,641 shares representing 2.61% ownership of the company. In it’s prior filing, the firm reported owning 12,887,993 shares, representing an increase of 10.78%. The firm increased its portfolio allocation in XP by 25.37% over the last quarter.
What is the overall institutional sentiment?
There are 251 funds or institutions reporting positions in XP Inc. Class A. This is a decrease of 0 owner(s) or 0.00%.
Average portfolio weight of all funds dedicated to XP Inc. Class A is 1.5775%, a decrease of 14.0835%. Total shares owned by institutions increased in the last three months by 2.52% to 312,041,684 shares.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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