Cyndeo Wealth Partners 13F: Exits XP Stake

Cyndeo Wealth Partners completely exited its position in XP Inc. (NasdaqGS: XP) as of its latest Form 13F filing on October 16, 2026. The fund sold 192,580 shares, bringing its total to zero. This marks a significant decision by the firm to pull out of its previous stake.

What Changed in Cyndeo Wealth Partners' XP Position

Cyndeo Wealth Partners cut its position in XP Inc. entirely. The fund sold all 192,580 shares it held prior, resulting in a 100% decrease in its stake. This major move reflects a change in investment strategy.

Other Institutional Activity in XP Inc.

Blackrock Inc. increased its holdings in XP Inc. by 2,483,706 shares, ending with 48,995,053 shares valued at about $1.43 billion. Meanwhile, ARGA Investment Management, LP grew its position by 3,945,094 shares, bringing its total to 24,643,382 shares worth approximately $720.3 million. Capital World Investors also added 267,445 shares, resulting in a total of 19,370,669 shares valued at around $566.2 million. Dodge & Cox Inc. slightly reduced its stake by 163,640 shares to 32,564,312 shares. General Atlantic, L.P. maintained its position at 20,566,133 shares without any changes.

XP Inc. Stock Down 3.1%

XP Inc. shares recently traded around $29.10, which places them above both the 50-day moving average by about 40.2% and the 200-day moving average by approximately 54.3%. However, the stock is currently about 11.1% below its 52-week high of $32.73 and well above its low of $14.80, suggesting it has seen considerable volatility over the past year.

Recent Earnings

For the year ended June 30, 2026, XP Inc. reported a revenue of about $18.6 billion and an earnings per share (EPS) of $1.91. The company also posted a return on equity of 22.6% and a net margin of 28.5%. Its next earnings report is scheduled for November 16, 2026.

Analysts Set New Price Targets

On October 6, 2026, JP Morgan maintained its "Overweight" rating on XP Inc. with a price target raised to $38.00, up from $26.00. Similarly, Itau BBA upgraded its rating to "Outperform" with a target of $27.00 on the same day. On October 8, UBS maintained a "Buy" rating and set a new target of $37.00, up from $25.00. The consensus among analysts is a strong buy, with a mean price target of $26.22, reflecting 12 analyst opinions.

About XP Inc.

XP Inc. offers a range of financial products and services primarily in Brazil. The company has established a robust presence in the capital markets sector and has a market cap of around $14.83 billion. As it continues to grow, the recent decisions by institutional investors may signal shifts in market sentiment towards the company and its future prospects.

Bottom Line

Cyndeo Wealth Partners has completely divested from XP Inc., which may reflect broader market trends or internal strategy changes. Investors should keep an eye on the upcoming earnings report on November 16, 2026, as well as any further 13F filings to see how other institutions continue to position themselves in relation to XP Inc. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.