1y return+27.0%S&P 500 +20.9%
3y return+62.0%S&P 500 +68.5%
5y return+74.8%S&P 500 +74.5%
10y return+372.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $473 against $357 in the S&P 500.2
ARGA Investment Management, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| Xp Inc - Class ACUSIP G98239109 | $400.7M | 10.2% | +19.1% |
| Aercap Holdings NvCUSIP N00985106 | $367.5M | 9.4% | +15629.0% |
| TSMTaiwan Semiconductor-sp Adr | $292.1M | 7.5% | −1.6% |
| PBRPetroleo Brasileiro-spon Adr | $279.8M | 7.1% | −2.1% |
| TCOMTrip.com Group Ltd-adr | $260.0M | 6.6% | +128.1% |
| BBDBanco Bradesco-adr | $245.4M | 6.3% | −5.9% |
| AEMAgnico Eagle Mines Ltd | $243.4M | 6.2% | New |
| MGAMagna International Inc | $238.9M | 6.1% | −3.7% |
| TMETencent Music Entertainm-adr | $151.9M | 3.9% | New |
| BIDUBaidu Inc - Spon Adr | $129.4M | 3.3% | New |
| BABAAlibaba Group Holding-sp Adr | $84.4M | 2.2% | +409.4% |
| Anglogold Ashanti PLCCUSIP G0378L100 | $72.2M | 1.8% | New |
| CRMSalesforce Inc | $68.4M | 1.7% | New |
| HUMHumana Inc | $66.2M | 1.7% | −27.6% |
| MLCOMelco Resorts & Entert-adr | $65.4M | 1.7% | −14.5% |
| NOKNokia Corp-spon Adr | $62.4M | 1.6% | −77.0% |
| ELVElevance Health Inc | $61.9M | 1.6% | −22.0% |
| ITUBItau Unibanco H-spon Prf Adr | $61.3M | 1.6% | New |
| BMRNBiomarin Pharmaceutical Inc | $59.5M | 1.5% | New |
| LVSLas Vegas Sands Corp | $58.4M | 1.5% | −66.3% |
| CIThe Cigna Group | $41.3M | 1.1% | New |
| Nxp Semiconductors NvCUSIP N6596X109 | $36.1M | 0.9% | −43.6% |
| TROWT Rowe Price Group Inc | $35.8M | 0.9% | −28.7% |
| HDBHdfc Bank Ltd-adr | $34.1M | 0.9% | −2.9% |
| BRK/BBerkshire Hathaway Inc-cl B | $33.3M | 0.8% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TSMTaiwan Semiconductor-sp Adr | December 31, 2022 | +541.1% | $292.1M |
| Aercap Holdings NvCUSIP N00985106 | June 30, 2020 | +373.3% | $367.5M |
| Nxp Semiconductors NvCUSIP N6596X109 | June 30, 2020 | +146.4% | $36.1M |
| NOKNokia Corp-spon Adr | December 31, 2025 | +105.3% | $62.4M |
| PBRPetroleo Brasileiro-spon Adr | March 31, 2021 | +90.6% | $279.8M |
| CNCCentene Corp | September 30, 2025 | +79.9% | $21.5M |
| ARWArrow Electronics Inc | December 31, 2023 | +74.6% | $24.0M |
| HUMHumana Inc | June 30, 2025 | +62.5% | $66.2M |
| TCOMTrip.com Group Ltd-adr | December 31, 2021 | +61.8% | $260.0M |
| MGAMagna International Inc | September 30, 2024 | +60.0% | $238.9M |
Sold off last quarter
- Totalenergies SeCUSIP F92124100 was $111.1M
- Globant SaCUSIP L44385109 was $51.0M
- CMCSAComcast Corp-class A was $39.0M
- BF/BBrown-forman Corp-class B was $36.9M
- HALHalliburton Co was $34.7M
- DOWDow Inc was $30.4M
- SQMQuimica Y Minera Chil-sp Adr was $21.3M
- VALEVale Sa-sp Adr was $1.6M
- BZKanzhun Ltd - Adr was $908K
- JXNJackson Financial Inc-a was $613K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +3.8% | +14.8% |
| March 31, 2026 | +5.1% | −4.6% |
| December 31, 2025 | +2.8% | +2.4% |
| September 30, 2025 | +13.2% | +7.8% |
| June 30, 2025 | +10.0% | +10.5% |
| March 31, 2025 | −1.4% | −4.6% |
| December 31, 2024 | −0.4% | +2.1% |
| September 30, 2024 | +10.0% | +5.4% |
| June 30, 2024 | −1.2% | +4.0% |
| March 31, 2024 | +5.0% | +10.0% |
| December 31, 2023 | +5.8% | +11.2% |
| September 30, 2023 | −2.2% | −3.6% |
| June 30, 2023 | −2.2% | +8.3% |
| March 31, 2023 | +13.6% | +7.0% |
| December 31, 2022 | +19.6% | +7.1% |
| September 30, 2022 | −8.5% | −5.3% |
| June 30, 2022 | −6.7% | −16.5% |
| March 31, 2022 | −1.5% | −4.9% |
| December 31, 2021 | +4.3% | +10.7% |
| September 30, 2021 | −7.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: ARGA Investment Management, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1556915&type=13F-HR&dateb=&owner=include&count=40CIK 1556915
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1556915/000110465926088902/Filed July 31, 2026 · accession 0001104659-26-088902