Why XP Inc. (XP) Stock Is Up Today

XP Inc. (XP) is up 4.1% today. Here is some analysis on what might have caused this price movement. ([investors.xpinc.com](https://investors.xpinc.com/en/))

Analysis: The most likely driver appears to be continued investor optimism after XP posted solid second-quarter 2026 results, showing stronger profitability, healthy inflows, and ongoing capital returns. The move may also reflect support from a recent analyst upgrade and the broader appeal of a business tied to rising client assets and expanding banking activity in Brazil. ([api.mziq.com](https://api.mziq.com/mzfilemanager/v2/d/d1820734-8b3f-4a23-8642-331a3a8561a6/36a988de-06ae-15e3-c671-95bf23ef0ae5?origin=2))

Details:

In its August 17, 2026 earnings release, XP reported total client assets of about R$1.5 trillion, net inflow of R$28 billion, and gross revenue of R$5.1 billion for the quarter. ([api.mziq.com](https://api.mziq.com/mzfilemanager/v2/d/d1820734-8b3f-4a23-8642-331a3a8561a6/36a988de-06ae-15e3-c671-95bf23ef0ae5?origin=2))

Profitability improved, with earnings before taxes rising 15% year over year and diluted EPS increasing 9%, which can support a stronger valuation backdrop. ([api.mziq.com](https://api.mziq.com/mzfilemanager/v2/d/d1820734-8b3f-4a23-8642-331a3a8561a6/36a988de-06ae-15e3-c671-95bf23ef0ae5?origin=2))

Management said it kept executing share repurchases, totaling roughly R$1 billion in the first half, while still having another R$1 billion buyback program open. ([api.mziq.com](https://api.mziq.com/mzfilemanager/v2/d/d1820734-8b3f-4a23-8642-331a3a8561a6/36a988de-06ae-15e3-c671-95bf23ef0ae5?origin=2))

Sentiment also received a boost from a late-August analyst upgrade to an outperform-equivalent rating with a $22 price target. ([stockanalysis.com](https://stockanalysis.com/stocks/xp/ratings/?utm_source=openai))

Sources:

XP Inc. Investor Relations, SEC, Nasdaq

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$XP Hedge Fund Activity

We have seen 140 institutional investors add shares of $XP stock to their portfolio, and 248 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PRICE T ROWE ASSOCIATES INC /MD/ removed 5,420,629 shares (-96.2%) from their portfolio in Q2 2026, for an estimated $88,139,427
ARGA INVESTMENT MANAGEMENT, LP added 3,944,247 shares (+19.1%) to their portfolio in Q2 2026, for an estimated $64,133,456
SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. removed 3,909,501 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $63,568,486
MARSHALL WACE, LLP added 3,288,393 shares (+101.5%) to their portfolio in Q2 2026, for an estimated $53,469,270
SPX GESTAO DE RECURSOS LTDA removed 3,008,306 shares (-71.7%) from their portfolio in Q1 2026, for an estimated $57,278,146
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 2,933,751 shares (-99.7%) from their portfolio in Q2 2026, for an estimated $47,702,791
BLACKROCK, INC. added 2,481,905 shares (+5.3%) to their portfolio in Q2 2026, for an estimated $40,355,775

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.