Zacks Investment ResearchT3·1d ago
XP XP Inc.
XNAS
15.49
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
XP
$15.49
—
What changed
Recent filings, trades and movesKey stats
$15.49
- 52-Week Range
- $13.78 – $32.73
- YTD
- -4.26%
- IV Rank (30D)
- 26.62
- Straddle Price
- $1.80
- P/C Vol Ratio
- 7.38
- Market Cap
- $7.6B
- Open
- $15.13
- Day Range
- $15.03 – $15.50
- Volume
- 7,862,307
- Prev Close
- $15.04
Fair Value
MODEL: SHORT
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.88% |
| Beta vs SPY | 1.07 |
| Cost of Equity (CAPM) | 9.95% (VRP-adj) |
| WACC | 5.75% |
| Volatility Risk Premium | -86.6pp (IV − HV30), ERP adj -25bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Book / Price | 39.3% — banking bias active (P/B is primary) |
| Debt / Equity | 10.01 |
| Quality Score | 0/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $21.85 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $19.62 |
| Bollinger Width / SMA20 | 141.3% (drives anchor stability) |
| Net Debt | $31.6B |
| Market Cap | $8B |
Peers used for multiples: BAP, CHYM, COF, HAPN, NU, SCHW, SE, WLTH
60-Day Conviction
81%
20-Day Fair Value
≈ by Dec 14, 2026
$15.41
α -0.5%
rank 50%
conviction
40%
40-Day Fair Value
≈ by Jan 12, 2027
$15.35
α -0.9%
rank 50%
conviction
32%
60-Day Fair Value
≈ by Feb 10, 2027
$14.88
α -3.9%
rank 50%
conviction
81%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $5.63 | 0% | |
| Peer P/E | n/a | 0% | median 16.5× · 5 peers |
| Peer EV/EBITDA | n/a | 0% | median 12.2× · 5 peers |
| Peer P/B | $17.57 | 25% | median 3.0× · 6 peers |
| Peer P/S | n/a | 0% | median 4.0× · 6 peers |
| Market Anchor (SMA50) | $21.85 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | $15.07 | 75% | 18 strikes · skew -0.07 |
As of 2026-11-13 · updated
Related
About
- Industry (SIC)
- SECURITY BROKERS, DEALERS & FLOTATION COMPANIES (6211) · industry map
- Exchange
- XNAS
- Market Cap
- $7.6B
- Employees
- 8,069
- List Date
- 2019-12-11
- CIK
- 0001787425
- Next Earnings
- 2026-11-16 (After-Close)
- EPS Forecast
- $0.54
- Homepage
- https://www.xpinc.com
XP Inc is a Cayman Island-based technology-driven financial services platform. It is a provider of low-fee financial products and services in Brazil. The company evaluates its business through a single segment such as monitoring operations, making decisions on fund allocation, and evaluating the performance. It generates revenue through the Brokerage commission. Geographically, the company derives maximum revenue from Brazil and also has its presence in other countries.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 11.30% | 14.90% | 28.94% | -3.91% | 15.58% | 20.58% | 14.56% |
| Feb | -6.38% | -4.26% | -29.35% | -6.19% | 2.46% | 8.68% | -5.84% |
| Mar | -14.62% | -4.84% | -0.59% | 7.32% | -1.86% | -12.30% | -4.48% |
| Apr | -0.23% | -20.54% | 28.05% | -18.83% | 13.78% | 2.41% | 0.77% |
| May | 1.38% | -6.42% | 24.73% | -7.64% | 21.23% | -12.54% | 3.46% |
| Jun | 10.25% | -17.54% | 30.04% | -8.24% | 3.64% | -2.05% | 2.68% |
| Jul | -3.16% | 18.01% | 13.82% | 1.66% | -18.48% | 5.31% | 2.86% |
| Aug | 16.69% | -12.51% | -5.55% | 10.70% | 10.91% | 7.05% | 4.55% |
| Sep | -19.68% | -1.76% | -12.52% | -2.66% | 5.09% | 12.15% | -3.23% |
| Oct | -21.97% | -11.58% | -12.66% | -3.16% | -0.05% | -32.50% | -13.65% |
| Nov | -15.87% | -10.02% | 14.56% | -19.26% | 7.41% | 10.33%* | -2.14% |
| Dec | -1.37% | -12.39% | 8.99% | -14.44% | -16.86% | -- | -7.21% |
| Total | -41.70% | -54.62% | 92.89% | -51.23% | 40.90% | -5.06% | -3.14% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $18.94
SMA 50: $21.76
SMA 200: $19.00
Current: $15.49
EMA 12: $16.31
EMA 26: $18.88
MACD: -2.5678 | Signal: -0.1831
BEARISH
ADX (14): 46.64
STRONG TREND
+DI: 18.48
−DI: 44.38
Momentum Oscillators
RSI (14): 36.19
NEUTRAL
Stoch %K: 37.10
Stoch %D: 21.78
Williams %R: -42.28
Volume & Volatility
BB Upper: $32.17
BB Lower: $5.70
NEUTRAL
OBV: 58,862,647
Vol SMA 20: 20,509,315
Vol ROC: -61.73%
ATR: $1.35
True Range: $0.47
HV 20: 241.5%
HV 30: 216.6%
HV 60: 155.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-15T00:00:00 – 2026-11-13T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (confidence level: 6/10)
Key Drivers:
- Bullish momentum from recent positive news headlines
- Volatility regime suggests above-average risk, aligning with historical beta of 1.16
Primary Risks:
- Negative sentiment from recent class-action lawsuits and investor alerts
- Technical signals indicating potential breakdown below $17.53 support
Investment Thesis: XP Inc.'s current price of $18.94 is influenced by both technical and fundamental factors. The stock's momentum indicators suggest a neutral to bullish stance, while its volatility regime suggests above-average risk. Recent news headlines are mixed, with some positive sentiment from earnings beats and product launches, but also negative sentiment from investor alerts and class-action lawsuits.
Recent News Sentiment Impact: The recent news headlines have had a moderate impact on the stock price, with a slight positive bias due to the earnings beat and product launch announcements. However, the overall sentiment remains neutral to bearish, driven by the negative investor alerts and class-action lawsuits.
Technical Analysis
Trend Direction:
- Short-term: NEUTRAL (1-4 weeks)
- Medium-term: BULLISH (1-3 months)
- Long-term: BEARISH (3-12 months)
Support/Resistance Levels:
- Lower band: $17.53
- Middle line: $18.88
- Upper band: $20.23
Momentum Signals:
- RSI interpretation: NEUTRAL (48.81)
- MACD signal: BEARISH (crossover below signal line)
- Bollinger Bands position: SQUEEZE (price approaching upper band)
Volume Analysis:
- Volume SMA 20: 6061979.42
- On-Balance Volume (OBV): 144933614.10
- Volume Rate of Change: -44.93%
News & Sentiment Analysis
Recent Headlines Summary: The recent news headlines have been mixed, with some positive sentiment from earnings beats and product launches, but also negative sentiment from investor alerts and class-action lawsuits.
Sentiment Assessment: The aggregate news sentiment is NEUTRAL to BEARISH (5/10), driven by the negative investor alerts and class-action lawsuits.
Catalyst Identification: Upcoming earnings releases and potential regulatory changes may impact the stock price.
Market Narrative: The recent news headlines suggest that the market is focused on XP's growth prospects, with some analysts upgrading their outlooks. However, the negative sentiment from investor alerts and class-action lawsuits suggests that investors are cautious about the company's litigation risks.
Risk & Volatility Assessment
Risk Interpretation: The stock's beta of 1.16 suggests above-average risk, driven by its volatility regime.
Volatility Regime: Above-average volatility - stock moves with market amplification (0.46)
Options Market Signals:
- IV Rank: Low
- Current IV: 63.9%
- Expected Move: $2.40
- Volume Flow: Neutral
- Open Interest: Neutral
Downside Protection: Support levels and risk management considerations are crucial for investors, given the stock's above-average volatility.
Market Context & Positioning
Sector Performance: XP Inc.'s performance is relative to its peers in the financial technology sector.
Institutional Activity: Volume patterns suggest institutional interest, but it remains neutral overall.
Correlation Analysis: The stock moves relatively strongly with market amplification (R-squared: 0.47).
Relative Valuation: The stock's current price-to-book ratio is slightly above average relative to its peers.
Key Levels & Action Items
Critical Price Levels:
- Lower band: $17.53
- Middle line: $18.88
- Upper band: $20.23
Breakout/Breakdown Levels:
- Potential breakdown below $17.53 support
- Potential breakout above $20.23 resistance
Time-Sensitive Catalysts: Earnings releases and potential regulatory changes may impact the stock price.
Risk Management: Stop-loss levels and position sizing considerations are crucial for investors, given the stock's above-average volatility.
Generated
News
All XP news →
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Showing 1–10 of 50
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XP Options Activity & IV Rank
XP IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 53.3%
7-DTE IV: 74.0%
Expected Move: $1.80
7-DTE Move: $1.27
Days to Exp: 28 (2026-12-11)
Options Flow · All expiries
Call Volume: 7,619
Put Volume: 56,222
P/C Volume: 7.379
BEARISH
Call OI: 949,948
Put OI: 146,951
P/C OI: 0.155
Total OI: 1,096,899
ATM Options Pricing
ATM Call: $0.82
ATM Put: $0.97
Call %: 5.3%
Put %: 6.3%
Chain Summary
Chain Volume: 63,841
Chain OI: 1,096,899
Last Updated: 11/13/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 55th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
55%
vs own history
GEX tilt
+0.21
OI-weighted, today
Vanna tilt
+0.64
δ-sensitivity to IV
Charm tilt
-0.38
δ-decay vs time
Vanna tilt +0.64: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.38: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 57 ATM contracts, 122k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Put vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Call vs ATM
IV(call wing) − IV(ATM), in vol pointsThe same measure on the upside: how the OTM call is priced against the at-the-money strike.
- Negative (typical) — calls trade below ATM for most stocks and indices, so the sign alone says little.
- Percentile vs own history: high = upside calls unusually rich for this name (squeezes, takeover talk, commodity supply scares); low = calls cheaper than usual.
Reading them together
Put or call vs ATM tells you how expensive that tail is. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d put
—
—
pts
EXTREME
as of Nov 13 · ATM 60.1% / Put —
30 DTE / 10d put
—
—
pts
EXTREME
as of Nov 13 · ATM 52.9% / Put —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)23.7LowNov 13
IV Rank (30 DTE)26.6MediumNov 13
Straddle Price (30 DTE)$1.80Nov 13
Beta Analysis
Risk Metrics
Beta: 1.7610
Alpha: -9.48%
Correlation: 0.3188
R-Squared: 10.2%
Stock Volatility: 75.3%
Market Volatility: 13.6%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own XP
7 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Oaktree Capital Asset manager Howard Marks | $50.7M | #35 of 130 | -1.7% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $20.4M | #200 of 997 | new | 13F | |
| Citadel Hedge fund Ken Griffin | $20.3M | #1147 of 6285 | +63.7% | 13F | |
| Point72 Hedge fund Steve Cohen | $7.4M | #860 of 1945 | -28.3% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $3.6M | #2253 of 3716 | +364.8% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $1.0M | #2295 of 3138 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $24K | #3673 of 4729 | -8.3% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
XP Institutional Ownership (13F)
Filings for 2026-06-30 · 145 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 548,319,000 (as of 2024-12-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
19 filers$237.90M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $70.36M | 29.58% | 2026-06-30 |
| 2 | ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | $35.63M | 14.98% | 2026-06-30 |
| 3 | IMC-Chicago, LLC Custodian | $25.91M | 10.89% | 2026-09-30 |
| 4 | Optiver Holding B.V. | $21.90M | 9.21% | 2026-06-30 |
| 5 | FIL Ltd | $21.79M | 9.16% | 2026-06-30 |
| 6 | UBS Group AG Custodian | $16.26M | 6.83% | 2026-06-30 |
| 7 | Citadel Advisors LLC Custodian | $11.04M | 4.64% | 2026-06-30 |
| 8 | Goldman Sachs Group Inc Custodian | $8.94M | 3.76% | 2026-06-30 |
| 9 | Jane Street Group, LLC Custodian | $6.98M | 2.93% | 2026-06-30 |
| 10 | Simplex Trading, LLC Custodian | $4.00M | 1.68% | 2026-09-30 |
| 11 | GROUP ONE TRADING LLC Custodian | $3.11M | 1.31% | 2026-06-30 |
| 12 | PEAK6 LLC | $2.80M | 1.18% | 2026-06-30 |
| 13 | Walleye Trading LLC | $2.37M | 1.00% | 2026-06-30 |
| 14 | Walleye Capital LLC | $2.06M | 0.87% | 2026-06-30 |
| 15 | Bank of Montreal Custodian | $1.90M | 0.80% | 2026-06-30 |
| 16 | Citigroup Inc. Custodian | $1.85M | 0.78% | 2026-09-30 |
| 17 | Millennium Management LLC Custodian | $492.68K | 0.21% | 2026-06-30 |
| 18 | BNP Paribas Financial Markets Custodian | $487.80K | 0.20% | 2026-06-30 |
| 19 | Marshall Wace, LLP Custodian | $3.25K | <0.01% | 2026-06-30 |
13 filers$44.92M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | IMC-Chicago, LLC Custodian | $16.12M | 35.88% | 2026-09-30 |
| 2 | Susquehanna International Group, LLP Custodian | $13.29M | 29.59% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $3.67M | 8.16% | 2026-06-30 |
| 4 | UBS Group AG Custodian | $2.44M | 5.43% | 2026-06-30 |
| 5 | Simplex Trading, LLC Custodian | $2.39M | 5.32% | 2026-09-30 |
| 6 | Citadel Advisors LLC Custodian | $2.27M | 5.04% | 2026-06-30 |
| 7 | GROUP ONE TRADING LLC Custodian | $1.68M | 3.74% | 2026-06-30 |
| 8 | Goldman Sachs Group Inc Custodian | $1.29M | 2.88% | 2026-06-30 |
| 9 | Optiver Holding B.V. | $795.11K | 1.77% | 2026-06-30 |
| 10 | Walleye Capital LLC | $694.30K | 1.55% | 2026-06-30 |
| 11 | BNP Paribas Financial Markets Custodian | $243.90K | 0.54% | 2026-06-30 |
| 12 | Marshall Wace, LLP Custodian | $24.39K | 0.05% | 2026-06-30 |
| 13 | Walleye Trading LLC | $17.89K | 0.04% | 2026-06-30 |
XP Insider Trading (Form 4)
Latest: 2026-09-17Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-17 | Santos Bruno Constantino Alexandre Dos | Director | Sell (S) | −123,257 | $19.58 | -$2.41M | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
XP Insider Holdings
1 insider · @ $15.49
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Santos Bruno Constantino Alexandre Dos | Director | 1,500,000 | $23.23M | -$2.41M | 1 | 2026-09-17 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
XP Board & Officers
As of SEC filings through Oct 26, 2026Directors 11
- Bernardo Amaral Botelho · since Mar 18, 2026
- Gabriel Klas da Rocha Leal · since Mar 18, 2026
- Guilherme Dias Fernandes Benchimol · since Mar 18, 2026
- Joao Roberto Goncalves Teixeira · since Mar 18, 2026
- Jose Luiz Acar Pedro · since Mar 18, 2026
- Martin Escobari · since Mar 18, 2026
- Melissa Werneck · since Mar 18, 2026
- Oscar Rodriguez · since Mar 18, 2026
- Santos Bruno Constantino Alexandre Dos · since Mar 18, 2026
- Jose Luiz Majolo · since May 29, 2026
- de Freitas Lima Rodrigo Kede · since Oct 16, 2026
Officers 5
- Neto Jose De Menezes Berenguer · CEO, Banco XP. · since Mar 18, 2026
- Thiago Simoes Maffra · Chief Executive Officer · since Mar 18, 2026
- Gustavo Alejo Viviani · Chief Financial Officer · since Aug 3, 2026
- Fabricio Cunha De Almeida · General Counsel · since Mar 18, 2026
- Guilherme Sant'anna Monteiro Da Silva · Distribution & Segments Ofcr · since Mar 18, 2026
Changes in the last 10 years (17)
| Oct 16, 2026 | de Freitas Lima Rodrigo Kede became a director |
| Aug 3, 2026 | Gustavo Alejo Viviani became Chief Financial Officer |
| May 29, 2026 | Jose Luiz Majolo became a director |
| Mar 18, 2026 | Victor Andreu Mansur Farinassi became Chief Financial Officer |
| Mar 18, 2026 | Thiago Simoes Maffra became Chief Executive Officer |
| Mar 18, 2026 | Santos Bruno Constantino Alexandre Dos became a director |
| Mar 18, 2026 | Oscar Rodriguez became a director |
| Mar 18, 2026 | Neto Jose De Menezes Berenguer became CEO, Banco XP. |
| Mar 18, 2026 | Melissa Werneck became a director |
| Mar 18, 2026 | Martin Escobari became a director |
| Mar 18, 2026 | Jose Luiz Acar Pedro became a director |
| Mar 18, 2026 | Joao Roberto Goncalves Teixeira became a director |
| Mar 18, 2026 | Guilherme Sant'anna Monteiro Da Silva became Distribution & Segments Ofcr |
| Mar 18, 2026 | Guilherme Dias Fernandes Benchimol became a director |
| Mar 18, 2026 | Gabriel Klas da Rocha Leal became a director |
| Mar 18, 2026 | Fabricio Cunha De Almeida became General Counsel |
| Mar 18, 2026 | Bernardo Amaral Botelho became a director |
Not reported recently (1)
- Victor Andreu Mansur Farinassi · Last reported as Chief Financial Officer in an SEC filing dated Mar 18, 2026
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
XP Proposed Insider Sales (Form 144)
Latest: 2026-09-17
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
1 filing
· $2.4M notice value
· 1 unique filer
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Dos Santos Bruno Constantino Alexandre (1, $2.4M)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-17 | Dos Santos Bruno Constantino Alexandre | Director | 123,257 | $2.41M | 2026-09-16 | UBS Financial Services Inc. | — | EDGAR |
| 2023-11-28 | Constantino Alexandre dos Santos Bruno | Officer, Director | 151,994 | $3.63M | 2023-11-29 | XP Investments US, LLC. | — | EDGAR |
| 2023-09-13 | Itausa S.A. | Former affiliate | 3,100,000 | $77.28M | 2023-09-13 | BofA Securities, Inc. | — | EDGAR |
| 2023-09-08 | ITB Holding Ltd. | Former Affiliate | 3,100,000 | $78.93M | 2023-09-08 | Itau BBA USA Securities, Inc. | — | EDGAR |
| 2023-07-18 | Itausa S.A. | Affiliate | 5,600,000 | $131.32M | 2023-07-18 | J.P. Morgan Securities LLC | — | EDGAR |
| 2023-06-26 | ITB Holding Ltd. | Affiliate | 10,000,000 | $236.40M | 2023-06-26 | Itau BBA USA Securities, Inc. | — | EDGAR |
| 2023-06-06 | Itausa S.A. | Affiliate | 12,000,000 | $226.56M | 2023-06-06 | BofA Securities, Inc. | — | EDGAR |
| 2023-05-25 | Hendson Consulting Ltd. | Affiliate | 28,919 | $506.4K | 2023-05-25 | Canaccord Genuity LLC | — | EDGAR |
| 2023-05-24 | Hendson Consulting Ltd. | Affiliate | 28,918 | $506.4K | 2023-05-24 | Canaccord Genuity LLC | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
65 ETFs hold XP
25 shown · $413.64M total exposure · 0.06% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | EWZ iShares MSCI Brazil ETF | iShares (BlackRock) | 1.40% | $122.2M | $8.8B | 2026-11-12 |
| 2 | IEMG iShares Core MSCI Emerging Markets ETF | iShares (BlackRock) | 0.05% | $68.4M | $145.5B | 2026-11-12 |
| 3 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.04% | $33.5M | — | 2026-09-30 |
| 4 | AVEM Avantis Emerging Markets Equity ETF | Avantis | 0.11% | $30.0M | $27.3B | 2026-11-12 |
| 5 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.04% | $25.3M | $58.7B | 2026-11-12 |
| 6 | EMXC iShares MSCI Emerging Markets ex China ETF | iShares (BlackRock) | 0.07% | $17.3M | $25.3B | 2026-11-12 |
| 7 | EEM iShares MSCI Emerging Markets ETF | iShares (BlackRock) | 0.05% | $15.3M | $28.2B | 2026-11-12 |
| 8 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.02% | $13.0M | $84.9B | 2026-11-12 |
| 9 | ESGE iShares ESG Aware MSCI EM ETF | iShares (BlackRock) | 0.16% | $10.3M | $6.2B | 2026-11-12 |
| 10 | SMLF iShares U.S. Small-Cap Equity Factor ETF | iShares (BlackRock) | 0.24% | $10.1M | $4.3B | 2026-11-12 |
| 11 | IWS iShares Russell Mid-Cap Value ETF | iShares (BlackRock) | 0.06% | $8.5M | $15.1B | 2026-11-12 |
| 12 | IXUS iShares Core MSCI Total International Stock ETF | iShares (BlackRock) | 0.01% | $8.4M | $57.5B | 2026-11-12 |
| 13 | VT Vanguard Total World Stock ETF | Vanguard | 0.01% | $7.0M | — | 2026-09-30 |
| 14 | SEIV SEI Enhanced U.S. Large Cap Value Factor ETF | Nport | 0.46% | $6.8M | — | 2026-06-30 |
| 15 | LRGF iShares U.S. Equity Factor ETF | iShares (BlackRock) | 0.16% | $6.0M | $3.7B | 2026-11-12 |
| 16 | VONV Vanguard Russell 1000 Value ETF | Vanguard | 0.02% | $5.3M | — | 2026-09-30 |
| 17 | IWB iShares Russell 1000 ETF | iShares (BlackRock) | 0.01% | $4.0M | $48.0B | 2026-11-12 |
| 18 | SMMD iShares Russell 2500 ETF | iShares (BlackRock) | 0.08% | $3.6M | $4.2B | 2026-11-12 |
| 19 | IYF iShares U.S. Financials ETF | iShares (BlackRock) | 0.09% | $3.5M | $3.9B | 2026-11-12 |
| 20 | AVES Avantis Emerging Markets Value ETF | Avantis | 0.23% | $3.4M | $1.5B | 2026-11-12 |
| 21 | ACWX iShares MSCI ACWI ex U.S. ETF | iShares (BlackRock) | 0.02% | $3.1M | $18.0B | 2026-11-12 |
| 22 | FXO First Trust Financials AlphaDEX® Fund | First Trust | 0.21% | $2.3M | $1.1B | 2026-11-12 |
| 23 | EMQQ EMQQ The Emerging Markets Internet ETF | Nport | 0.87% | $2.3M | — | 2026-08-31 |
| 24 | DFEM Dimensional Emerging Markets Core Equity 2 ETF | Dimensional | 0.02% | $2.1M | $8.9B | 2026-11-12 |
| 25 | ACWI iShares MSCI ACWI ETF | iShares (BlackRock) | 0.01% | $1.8M | $32.6B | 2026-11-12 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Quarterly figures (6 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '24 | 2024-12-31 | — | — | — | — |
| Q4 '23 | 2023-12-31 | — | — | — | — |
| Q4 '22 | 2022-12-31 | — | — | — | — |
| Q4 '21 | 2021-12-31 | — | — | — | — |
| Q4 '20 | 2020-12-31 | — | — | — | — |
| Q4 '19 | 2019-12-31 | — | — | — | — |
Q4 2024 • period ending 2024-12-31 • filed 2025-04-24
XP vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| SCHW The Charles Schwab Corporation | $158.3B | 16.9 | +10.1% | −8.5% | 37 |
| COF Capital One Financial | $116.5B | 12.1 | +37.3% | −21.3% | 45 |
| NU Nu Holdings Ltd. | $57.1B | 20.3 | — | −22.3% | 27 |
| SE Sea Limited American Depositary Shares, | $45.6B | — | — | −42.7% | 24 |
| BAP Credicorp LTD | $29.0B | — | — | +28.8% | 49 |
| CHYM Chime Financial, Inc. Class A Common Sto | $12.7B | 176.6 | +27.4% | +27.1% | 7 |
| XP XP Inc. Class A Common Stock | $7.6B | — | — | −4.3% | 27 |
| HAPN Happen, Inc. Common Stock | $1.8B | 8.7 | — | −16.6% | 1 |
| WLTH Wealthfront Corporation Common Stock | $1.6B | 28.2 | — | −18.9% | 56 |
| Peer median | $37.3B | 18.6 | +27.4% | −17.8% | 32 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
21.68M
SI % of Float
5.54%
Days to Cover
1.44
Short Vol Ratio
38.8%
Free Float
391.31M
Float %
93.9%
Short interest 2026-10-15 • Short volume 2026-11-13 • Float 2026-05-27