Nu Holdings

NU • NYSE

Nu Holdings is a banks - diversified company in the financial services sector on NYSE, led by David Vélez Osorno, with a market cap of $85.5B. As of Q3 2025, 57% of shares are held by 776 institutional investors, with BlackRock, Inc. as the largest holder at 5.99%.

CEODavid Vélez Osorno

Market Cap$85.5B

Banks - Diversified

Financial Services

Employees7.7K

Websitenubank.com.br

Overview

Overview of institutional ownership in NU as of Q3 2025 with a market cap of $77.4B

All Institutions

Institutions: 776
Value Held: $44.1B
Shares Held: 2.76B
Avg Position: $56.8M
Median Position: $1.9M

Hedge Funds

Hedge Funds: 110
Value Held: $5.5B
Shares Held: 344.3M
Avg Position: $50.1M
Median Position: $10.0M

Ownership Breakdown

Institutional (non-HF)

49.84%

$38.6B

Hedge Funds

7.12%

$5.5B

Retail & Other

43.03%

$33.3B

Based on market cap of $77.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NU as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$4.6B 0.08% of portfolio	5.99% 289.4M shares	Q4 2021 Held for 3y 11m	$5.67T
B BAILLIE GIFFORD & CO Institution	-	$4.0B 2.99% of portfolio	5.20% 251.5M shares	Q4 2021 Held for 3y 11m	$134.80B
Capital Research Global Investors RIA/Wealth	Sardar Sheraz Iftikhar CEO	$3.0B 0.56% of portfolio	3.82% 184.6M shares	Q4 2021 Held for 3y 11m	$532.36B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$1.9B 0.11% of portfolio	2.44% 117.9M shares	Q4 2021 Held for 3y 11m	$1.65T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.5B 0.10% of portfolio	1.93% 93.4M shares	Q4 2021 Held for 3y 11m	$1.56T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.5B 0.05% of portfolio	1.89% 91.5M shares	Q1 2022 Held for 3y 8m	$2.88T
WCM INVESTMENT MANAGEMENT/CA Long Only Manager	Mike Brady Trigg CEO	$1.2B 2.47% of portfolio	1.54% 74.5M shares	Q4 2023 Held for 1y 11m	$48.1B
FMR LLC Institution	-	$1.0B 0.05% of portfolio	1.33% 64.2M shares	Q4 2021 Held for 3y 11m	$1.92T
T Technology Crossover Management X, Ltd. Institution	-	$893.1M 75.20% of portfolio	1.15% 55.8M shares	Q4 2021 Held for 3y 11m	$1.2B
SANDS CAPITAL MANAGEMENT, LLC Long Only Manager	Frank Melville Sands CEO	$809.5M 2.23% of portfolio	1.05% 50.6M shares	Q4 2021 Held for 3y 11m	$36.2B

Net Capital Flow

Institutional buying and selling activity for NU in Q3 2025

Net Flow: −$123.5M
Buyers: 352
Sellers: 320
Total Bought: +$4.5B
Total Sold: −$4.7B
Avg Position: $56.2M

Biggest Buyers

Institution	Net Bought	Current Position
B BlackRock, Inc. Institution	+$350.1M +21.9M shares	$4.6B 289.4M shares
Marshall Wace LLP Institution	+$231.3M +14.4M shares	$466.6M 29.1M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$216.6M +13.5M shares	$294.8M 18.4M shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	+$201.3M +12.6M shares	$311.4M 19.4M shares
GOLDMAN SACHS GROUP INC Institution	+$199.8M +12.5M shares	$545.6M 34.1M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	+$170.4M +10.6M shares	$204.1M 12.7M shares
MORGAN STANLEY RIA/Wealth	+$163.5M +10.2M shares	$1.9B 117.9M shares
BANK OF AMERICA CORP /DE/ Institution	+$140.2M +8.8M shares	$620.7M 38.8M shares
O Orbis Allan Gray Ltd RIA/Wealth	+$134.9M +8.4M shares	$437.0M 27.3M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$132.3M +8.3M shares	$247.0M 15.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
S SC US , LTD. Institution	−$998.6M −72.8M shares	Sold Off 0 shares
JENNISON ASSOCIATES LLC Long Only Manager	−$326.6M −20.4M shares	$345.2M 21.6M shares
D D1 Capital Partners L.P. Hedge Fund•Long/Short	−$223.4M −14.0M shares	$163.0M 10.2M shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$179.2M −11.2M shares	$40.5M 2.5M shares
Capital Research Global Investors RIA/Wealth	−$164.5M −10.3M shares	$3.0B 184.6M shares
C Capital International Investors Institution	−$161.3M −10.1M shares	$126.9M 7.9M shares
B BAILLIE GIFFORD & CO Institution	−$152.5M −9.5M shares	$4.0B 251.5M shares
J JANE STREET GROUP, LLC Institution	−$140.3M −8.8M shares	$78.8M 4.9M shares
UBS Group AG Institution	−$122.1M −7.6M shares	$145.1M 9.1M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$109.4M −6.8M shares	$97.0M 6.1M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited NU in Q3 2025

New Positions: 66
New Value: $780.5M
Exited Positions: 83
Exited Value: $1.4B

New Positions

Institution	Position Value
LONE PINE CAPITAL LLC Hedge Fund•Long/Short	$406.8M 25.4M shares
P Palestra Capital Management LLC Hedge Fund•Long/Short	$134.5M 8.4M shares
OAKTREE CAPITAL MANAGEMENT LP Hedge Fund•Multi-Strategy	$72.3M 4.5M shares
I Investec Asset Management North America, Inc. Long Only Manager	$36.0M 2.2M shares
NORDEA INVESTMENT MANAGEMENT AB Institution	$34.3M 2.2M shares
Ravenswood Partners LP Hedge Fund•Long/Short	$14.1M 883.0K shares
G General Equity Holdings LP Hedge Fund•Long/Short	$10.2M 634.4K shares
INVESTMENT MANAGEMENT ASSOCIATES INC /ADV RIA/Wealth	$8.0M 498.3K shares
M Maxi Investments CY Ltd Institution	$6.8M 422.0K shares
S STATE TREASURER STATE OF MICHIGAN Institution	$6.1M 380.7K shares

Exited Positions

Institution	Previous Position
S SC US , LTD. Institution	$998.6M 72.8M shares
Q Qube Research & Technologies Ltd Institution	$75.6M 5.5M shares
A Alua Capital Management LP Hedge Fund•Long/Short	$47.9M 3.5M shares
SVB Capital Management, LLC Fund of Funds	$34.1M 2.5M shares
F Fourth Sail Capital LP Institution	$31.2M 2.3M shares
C Capitolis Liquid Global Markets LLC Private Equity	$28.9M 2.1M shares
SCGE MANAGEMENT, L.P. Hedge Fund•Long/Short	$16.1M 1.2M shares
G Gemsstock Ltd. RIA/Wealth	$15.5M 1.1M shares
S Sagil Capital LLP Institution	$14.1M 1.0M shares
O Orland Properties Ltd Institution	$13.7M 1.0M shares

Options Activity

Institutions with the largest Call and Put options positions in NU as of Q3 2025

Call Positions: 44
Call Value: $1.0B
Put Positions: 35
Put Value: $734.3M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$288.9M 180.5K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$209.7M 131.0K contracts
N NWI MANAGEMENT LP Hedge Fund•Global Macro	$96.1M 60.0K contracts
J JANE STREET GROUP, LLC Institution	$64.2M 40.1K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$43.1M 26.9K contracts
D D. E. Shaw & Co., Inc. Institution	$41.3M 25.8K contracts
P PEAK6 LLC Institution	$37.8M 23.6K contracts
W WOLVERINE TRADING, LLC Institution	$32.6M 20.4K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$25.2M 15.7K contracts
Nishkama Capital, LLC Hedge Fund•Sector	$24.2M 15.1K contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$222.9M 139.2K contracts
GOLDMAN SACHS GROUP INC Institution	$107.7M 67.3K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$107.5M 67.1K contracts
BANK OF AMERICA CORP /DE/ Institution	$48.0M 30.0K contracts
J JANE STREET GROUP, LLC Institution	$46.2M 28.9K contracts
a16z Perennial Management, L.P. Fund of Funds	$27.2M 17.0K contracts
W WOLVERINE TRADING, LLC Institution	$22.7M 14.2K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$20.1M 12.5K contracts
UBS Group AG Institution	$18.9M 11.8K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$17.0M 10.6K contracts

Most Committed Institutions

Institutions with NU as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
W WASHINGTON UNIVERSITY Institution	-	94.77% $169.2M	0.22% 10.6M shares	Q2 2022 Held for 3y 5m	$178.5M
D Dynamo Administracao de Recursos Ltda. Institution	-	85.82% $15.9M	0.02% 991.5K shares	Q4 2021 Held for 3y 11m	$18.5M
T Technology Crossover Management X, Ltd. Institution	-	75.20% $893.1M	1.15% 55.8M shares	Q4 2021 Held for 3y 11m	$1.2B
S Sharp Capital Gestora de Recursos Ltda. Institution	-	69.20% $79.3M	0.10% 5.0M shares	Q4 2023 Held for 1y 11m	$114.6M
COMPASS GROUP LLC Hedge Fund•Multi-Strategy	Jorge Felipe Aguilo CEO	64.40% $1.9M	0.00% 118.8K shares	Q3 2023 Held for 2y 2m	$3.0M
Constellation Investimentos e Participacoes Ltda Hedge Fund•Multi-Strategy	Shahriar Nmn Shahida Managing Partner	45.40% $21.2M	0.03% 1.3M shares	Q4 2023 Held for 1y 11m	$46.7M
SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. Hedge Fund•Long/Short	Guilherme Mexias Ache CEO	43.45% $185.0M	0.24% 11.6M shares	Q2 2025 Held for 5 months	$425.7M
A Absoluto Partners Gestao de Recursos Ltda Institution	-	36.56% $50.7M	0.07% 3.2M shares	Q4 2021 Held for 3y 11m	$138.6M
a16z Perennial Management, L.P. Fund of Funds	David Allan Carpenter Managing Partner	35.82% $226.3M	0.29% 14.1M shares	Q2 2024 Held for 1y 5m	$631.8M
K Kontiki Capital Management Ltd. Institution	-	32.49% $610.5M	0.79% 38.1M shares	Q1 2022 Held for 3y 8m	$1.9B

Hedge Fund Spotlight

Discover hedge funds investing in NU

General Equity Holdings LP

Hedge Fund • Long/Short

Portfolio ManagerAndrew James Bellas

Portfolio Value: $164.4M
Positions: 12
Last Reported: Q3 2025

Sector Allocation

Position in Nu Holdings

Market Value: $10.2M
Shares Held: 634.4K
Portfolio Weight: 6.18%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 Carvana CVNA	Specialty Retail Consumer Cyclical	$98.1M	59.67%
2 Nu Holdings NU	Banks - Diversified Financial Services	$10.2M	6.18%
3 OneWater Marine Inc. ONEW	Auto - Recreational Vehicles Consumer Cyclical	$8.7M	5.27%