# ARGA Investment Management, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1556915. Source: https://holderbook.com/funds/1556915-arga-investment-management-lp/

- Reported value: $3.9B
- Positions: 121
- Weight of the ten largest: 66.6%
- Filed: 2026-07-31

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| XP INC | [XP](https://holderbook.com/stocks/XP/) | $400.7M | 24,643,382 | 10.2% | 4 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $367.5M | 2,520,884 | 9.4% | 25 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $292.1M | 611,651 | 7.5% | 15 |
| PETROLEO BRASILEIRO S A | [PBR](https://holderbook.com/stocks/PBR/) | $279.8M | 17,311,405 | 7.1% | 22 |
| TRIP COM GROUP LTD | [TCOM](https://holderbook.com/stocks/TCOM/) | $260.0M | 6,527,204 | 6.6% | 19 |
| BANCO BRADESCO S A | [BBD](https://holderbook.com/stocks/BBD/) | $245.4M | 70,717,908 | 6.3% | 18 |
| AGNICO EAGLE MINES LTD | [AEM](https://holderbook.com/stocks/AEM/) | $243.4M | 1,568,225 | 6.2% | 1 |
| MAGNA INTL INC | [MGA](https://holderbook.com/stocks/MGA/) | $238.9M | 3,632,267 | 6.1% | 8 |
| TENCENT MUSIC ENTMT GROUP | [TME](https://holderbook.com/stocks/TME/) | $151.9M | 18,186,510 | 3.9% | 1 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $129.4M | 1,132,028 | 3.3% | 1 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $84.4M | 879,563 | 2.2% | 31 |
| ANGLOGOLD ASHANTI PLC | [AU](https://holderbook.com/stocks/AU/) | $72.2M | 892,806 | 1.8% | 1 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $68.4M | 436,910 | 1.7% | 1 |
| HUMANA INC | [HUM](https://holderbook.com/stocks/HUM/) | $66.2M | 166,572 | 1.7% | 5 |
| MELCO RESORTS AND ENTMNT LTD | [MLCO](https://holderbook.com/stocks/MLCO/) | $65.4M | 12,405,022 | 1.7% | 23 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $62.4M | 4,696,279 | 1.6% | 3 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $61.9M | 159,970 | 1.6% | 4 |
| ITAU UNIBANCO HLDG S A | [ITUB](https://holderbook.com/stocks/ITUB/) | $61.3M | 7,509,138 | 1.6% | 1 |
| BIOMARIN PHARMACEUTICAL INC | [BMRN](https://holderbook.com/stocks/BMRN/) | $59.5M | 1,039,409 | 1.5% | 1 |
| LAS VEGAS SANDS CORP | [LVS](https://holderbook.com/stocks/LVS/) | $58.4M | 1,264,351 | 1.5% | 20 |
| THE CIGNA GROUP | [CI](https://holderbook.com/stocks/CI/) | $41.3M | 149,973 | 1.1% | 1 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $36.1M | 128,599 | 0.9% | 31 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $35.8M | 315,093 | 0.9% | 10 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $34.1M | 1,320,988 | 0.9% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $33.3M | 66,519 | 0.8% | 1 |
| MOHAWK INDS INC | [MHK](https://holderbook.com/stocks/MHK/) | $32.9M | 271,188 | 0.8% | 12 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $30.7M | 166,344 | 0.8% | 1 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $30.2M | 253,298 | 0.8% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $25.7M | 199,748 | 0.7% | 6 |
| ARROW ELECTRS INC | [ARW](https://holderbook.com/stocks/ARW/) | $24.0M | 112,585 | 0.6% | 11 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $23.3M | 447,455 | 0.6% | 18 |
| LCI INDS | [LCII](https://holderbook.com/stocks/LCII/) | $22.9M | 216,170 | 0.6% | 14 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $21.5M | 334,897 | 0.5% | 4 |
| SONOCO PRODS CO | [SON](https://holderbook.com/stocks/SON/) | $19.3M | 341,685 | 0.5% | 4 |
| NUTRIEN LTD | [NTR](https://holderbook.com/stocks/NTR/) | $19.2M | 305,118 | 0.5% | 13 |
| SKYWORKS SOLUTIONS INC | [SWKS](https://holderbook.com/stocks/SWKS/) | $18.8M | 277,756 | 0.5% | 2 |
| SILGAN HLDGS INC | [SLGN](https://holderbook.com/stocks/SLGN/) | $18.4M | 397,056 | 0.5% | 2 |
| PATTERSON-UTI ENERGY INC | [PTEN](https://holderbook.com/stocks/PTEN/) | $18.2M | 1,985,845 | 0.5% | 10 |
| OWENS CORNING NEW | [OC](https://holderbook.com/stocks/OC/) | $17.6M | 110,797 | 0.4% | 2 |
| JBS N.V. | [JBS](https://holderbook.com/stocks/JBS/) | $11.3M | 952,116 | 0.3% | 1 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $11.1M | 279,700 | 0.3% | 4 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $6.6M | 31,843 | 0.2% | 5 |
| FMC CORP | [FMC](https://holderbook.com/stocks/FMC/) | $5.7M | 499,539 | 0.1% | 3 |
| AMBEV SA | [ABEV](https://holderbook.com/stocks/ABEV/) | $3.9M | 1,234,108 | 0.1% | 4 |
| UBS GROUP AG | [UBS](https://holderbook.com/stocks/UBS/) | $3.7M | 75,301 | 0.1% | 31 |
| SLM CORP | [SLM](https://holderbook.com/stocks/SLM/) | $3.7M | 142,546 | 0.1% | 16 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $3.6M | 11,457 | 0.1% | 2 |
| AVNET INC | [AVT](https://holderbook.com/stocks/AVT/) | $3.3M | 37,190 | 0.1% | 20 |
| ONTO INNOVATION INC | [ONTO](https://holderbook.com/stocks/ONTO/) | $2.9M | 7,605 | 0.1% | 5 |
| CAPRI HOLDINGS LIMITED | [CPRI](https://holderbook.com/stocks/CPRI/) | $2.9M | 154,545 | 0.1% | 30 |
| AXCELIS TECHNOLOGIES INC | [ACLS](https://holderbook.com/stocks/ACLS/) | $2.8M | 14,881 | 0.1% | 5 |
| LYONDELLBASELL INDUSTRIES NV | [LYB](https://holderbook.com/stocks/LYB/) | $2.8M | 52,302 | 0.1% | 18 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $2.7M | 7,711 | 0.1% | 16 |
| COLUMBIA BKG SYS INC | [COLB](https://holderbook.com/stocks/COLB/) | $2.7M | 82,893 | 0.1% | 11 |
| INTEGER HLDGS CORP | [ITGR](https://holderbook.com/stocks/ITGR/) | $2.5M | 26,915 | 0.1% | 2 |
| INSIGHT ENTERPRISES INC | [NSIT](https://holderbook.com/stocks/NSIT/) | $2.5M | 20,564 | 0.1% | 1 |
| ICICI BANK LIMITED | [IBN](https://holderbook.com/stocks/IBN/) | $2.5M | 85,759 | 0.1% | 1 |
| INMODE LTD | [INMD](https://holderbook.com/stocks/INMD/) | $2.4M | 162,603 | 0.1% | 5 |
| DR REDDYS LABS LTD | [RDY](https://holderbook.com/stocks/RDY/) | $2.4M | 163,426 | 0.1% | 1 |
| ASTRAZENECA PLC | [AZN](https://holderbook.com/stocks/AZN/) | $2.2M | 11,643 | 0.1% | 2 |
| MANPOWERGROUP INC WIS | [MAN](https://holderbook.com/stocks/MAN/) | $2.2M | 64,118 | 0.1% | 25 |
| BOISE CASCADE CO DEL | [BCC](https://holderbook.com/stocks/BCC/) | $2.1M | 27,231 | 0.1% | 4 |
| CALIFORNIA RES CORP | [CRC](https://holderbook.com/stocks/CRC/) | $2.0M | 37,541 | 0.1% | 14 |
| WALKER & DUNLOP INC | [WD](https://holderbook.com/stocks/WD/) | $1.9M | 35,629 | 0.0% | 11 |
| BANC OF CALIFORNIA INC | [BANC](https://holderbook.com/stocks/BANC/) | $1.9M | 95,387 | 0.0% | 4 |
| CONMED CORP | [CNMD](https://holderbook.com/stocks/CNMD/) | $1.9M | 57,334 | 0.0% | 1 |
| ACADEMY SPORTS & OUTDOORS IN | [ASO](https://holderbook.com/stocks/ASO/) | $1.9M | 39,312 | 0.0% | 4 |
| AVANTOR INC | [AVTR](https://holderbook.com/stocks/AVTR/) | $1.8M | 186,599 | 0.0% | 1 |
| BUILDERS FIRSTSOURCE INC | [BLDR](https://holderbook.com/stocks/BLDR/) | $1.8M | 20,412 | 0.0% | 1 |
| STRIDE INC | [LRN](https://holderbook.com/stocks/LRN/) | $1.8M | 20,892 | 0.0% | 2 |
| INSPERITY INC | [NSP](https://holderbook.com/stocks/NSP/) | $1.8M | 42,734 | 0.0% | 3 |
| BAXTER INTL INC | [BAX](https://holderbook.com/stocks/BAX/) | $1.7M | 80,961 | 0.0% | 1 |
| ABM INDS INC | [ABM](https://holderbook.com/stocks/ABM/) | $1.7M | 38,396 | 0.0% | 1 |
| MSC INDL DIRECT INC | [MSM](https://holderbook.com/stocks/MSM/) | $1.6M | 13,297 | 0.0% | 2 |
| WYNN RESORTS LTD | [WYNN](https://holderbook.com/stocks/WYNN/) | $1.6M | 16,250 | 0.0% | 8 |
| PVH CORPORATION | [PVH](https://holderbook.com/stocks/PVH/) | $1.6M | 21,245 | 0.0% | 15 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.6M | 18,802 | 0.0% | 1 |
| ICHOR HOLDINGS | [ICHR](https://holderbook.com/stocks/ICHR/) | $1.5M | 13,523 | 0.0% | 14 |
| CAESARS ENTERTAINMENT INC NE | [CZR](https://holderbook.com/stocks/CZR/) | $1.5M | 50,295 | 0.0% | 8 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $1.5M | 12,611 | 0.0% | 1 |
| FIRST AMERN FINL CORP | [FAF](https://holderbook.com/stocks/FAF/) | $1.4M | 21,116 | 0.0% | 11 |
| CHORD ENERGY CORPORATION | [CHRD](https://holderbook.com/stocks/CHRD/) | $1.4M | 11,923 | 0.0% | 6 |
| INVESCO LTD | [IVZ](https://holderbook.com/stocks/IVZ/) | $1.3M | 50,453 | 0.0% | 25 |
| WAYSTAR HLDG CORP | [WAY](https://holderbook.com/stocks/WAY/) | $1.3M | 64,450 | 0.0% | 1 |
| JAZZ PHARMACEUTICALS PLC | [JAZZ](https://holderbook.com/stocks/JAZZ/) | $1.2M | 5,187 | 0.0% | 11 |
| OLIN CORP | [OLN](https://holderbook.com/stocks/OLN/) | $1.2M | 61,373 | 0.0% | 11 |
| ACADIA HEALTHCARE COMPANY IN | [ACHC](https://holderbook.com/stocks/ACHC/) | $1.2M | 39,844 | 0.0% | 4 |
| BATH & BODY WORKS INC | [BBWI](https://holderbook.com/stocks/BBWI/) | $1.2M | 50,043 | 0.0% | 4 |
| CORE & MAIN INC | [CNM](https://holderbook.com/stocks/CNM/) | $1.1M | 23,465 | 0.0% | 1 |
| VICTORIAS SECRET AND CO | [VSXY](https://holderbook.com/stocks/VSXY/) | $1.0M | 12,341 | 0.0% | 16 |
| VERMILION ENERGY INC | [VET](https://holderbook.com/stocks/VET/) | $986.0K | 105,369 | 0.0% | 8 |
| MOLINA HEALTHCARE INC | [MOH](https://holderbook.com/stocks/MOH/) | $930.8K | 4,070 | 0.0% | 3 |
| MATTEL INC | [MAT](https://holderbook.com/stocks/MAT/) | $925.3K | 66,664 | 0.0% | 1 |
| THOR INDS INC | [THO](https://holderbook.com/stocks/THO/) | $913.6K | 12,155 | 0.0% | 10 |
| ENVISTA HOLDINGS CORPORATION | [NVST](https://holderbook.com/stocks/NVST/) | $893.7K | 33,916 | 0.0% | 4 |
| ATKORE INC | [ATKR](https://holderbook.com/stocks/ATKR/) | $866.9K | 11,401 | 0.0% | 5 |
| ASSURED GUARANTY LTD | [AGO](https://holderbook.com/stocks/AGO/) | $636.3K | 7,938 | 0.0% | 16 |
| MASTERBRAND INC | [MBC](https://holderbook.com/stocks/MBC/) | $636.1K | 61,813 | 0.0% | 1 |
| POWER SOLUTIONS INTL INC | [PSIX](https://holderbook.com/stocks/PSIX/) | $631.5K | 16,238 | 0.0% | 2 |
| FIRST INTST BANCSYSTEM INC | [FIBK](https://holderbook.com/stocks/FIBK/) | $598.1K | 15,510 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +3.9% | +14.8% | -11.0% | 100% |
| Q1 2026 | +5.1% | -4.6% | +9.7% | 100% |
| Q4 2025 | +2.8% | +2.4% | +0.4% | 100% |
| Q3 2025 | +13.2% | +7.8% | +5.4% | 100% |
| Q2 2025 | +10.0% | +10.5% | -0.4% | 100% |
| Q1 2025 | -1.4% | -4.6% | +3.2% | 100% |
| Q4 2024 | -0.4% | +2.1% | -2.6% | 100% |
| Q3 2024 | +10.0% | +5.4% | +4.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $3.9B | 121 |
| Q1 2026 | $3.0B | 109 |
| Q4 2025 | $3.7B | 110 |
| Q3 2025 | $3.8B | 110 |
| Q2 2025 | $3.7B | 123 |
| Q1 2025 | $3.0B | 121 |
| Q4 2024 | $3.1B | 122 |
| Q3 2024 | $3.0B | 128 |
| Q2 2024 | $2.8B | 128 |
| Q1 2024 | $3.0B | 138 |
| Q4 2023 | $2.9B | 144 |
| Q3 2023 | $2.5B | 118 |