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Swiss National Bank Trims Holdings in XP Inc.

Guavy AI Editorial Team
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CHF
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The Swiss National Bank has significantly reduced its holdings in XP Inc., one of Brazil's leading financial services companies. According to its most recent 13F filing with the SEC, the bank trimmed its position by 12% during the first quarter.

As a result, the fund now owns approximately 775,264 shares of XP stock, valued at $14.76 million as of its latest filing with the SEC. This represents about 0.14% of XP's total outstanding shares.

This development comes amidst ongoing changes in institutional investors' positions in XP. Several other hedge funds and asset management companies have made significant adjustments to their holdings in the company during recent quarters.

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