DLOCAL LTD DLO
CLASS A COM · Common Stock · CUSIP G29018101 · ISIN KYG290181018
Uruguayan financial technology company
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersUruguay
- Websitedlocal.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.99. Options: 9 managers hold calls ($120.5m notional), 10 hold puts ($39.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 143 |
| Q4 2022 | 111 |
| Q1 2023 | 98 |
| Q2 2023 | 112 |
| Q3 2023 | 111 |
| Q4 2023 | 125 |
| Q1 2024 | 116 |
| Q2 2024 | 113 |
| Q3 2024 | 107 |
| Q4 2024 | 108 |
| Q1 2025 | 98 |
| Q2 2025 | 122 |
| Q3 2025 | 147 |
| Q4 2025 | 152 |
| Q1 2026 | 154 |
| Q2 2026 | 164 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 56 | 56 |
| Q4 2024 | 44 | 67 |
| Q1 2025 | 45 | 60 |
| Q2 2025 | 72 | 43 |
| Q3 2025 | 90 | 59 |
| Q4 2025 | 84 | 69 |
| Q1 2026 | 76 | 84 |
| Q2 2026 | 85 | 82 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $157.5m | $62.7m | 0.40 |
| Q4 2025 | $89.2m | $27.2m | 0.30 |
| Q1 2026 | $48.0m | $19.9m | 0.41 |
| Q2 2026 | $120.5m | $39.9m | 0.33 |
Biggest buyers
| BlackRock, Inc. | Added | +5.0m |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | Added | +1.9m |
| Fourth Sail Capital LP | Added | +1.7m |
| WELLINGTON MANAGEMENT GROUP LLP | New | +1.5m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.2m |
| Invenomic Capital Management LP | Added | +1.1m |
| BANK OF AMERICA CORP /DE/ | Added | +852.4k |
| STATE STREET CORP | Added | +783.2k |
| Itau Unibanco Holding S.A. | New | +690.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +629.9k |
Biggest sellers
| MARSHALL WACE, LLP | Reduced | -2.3m |
| D. E. Shaw & Co., Inc. | Reduced | -1.8m |
| FMR LLC | Reduced | -1.3m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.1m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -774.3k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -584.8k |
| Absolute Gestao de Investimentos Ltda. | Reduced | -531.7k |
| Qube Research & Technologies Ltd | Sold out | -524.8k |
| HRT FINANCIAL LP | Sold out | -505.9k |
| Proem Advisors LLC | Sold out | -425.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $48.5m3.7m shares |
| JANE STREET GROUP, LLC | Added | $24.7m1.9m shares |
| CITADEL ADVISORS LLC | Added | $15.0m1.2m shares |
| GROUP ONE TRADING LLC | Added | $13.2m1.0m shares |
| IMC-Chicago, LLC | Added | $8.3m639.2k shares |
| SIMPLEX TRADING, LLC | Added | $6.8m524.2k shares |
| Walleye Trading LLC | Added | $3.3m254.0k shares |
| Point72 Asset Management, L.P. | New | $421.0k32.4k shares |
| TUDOR INVESTMENT CORP ET AL | New | $205.3k15.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $22.8m1.8m shares |
| CITADEL ADVISORS LLC | Added | $6.3m485.8k shares |
| IMC-Chicago, LLC | Reduced | $3.3m252.0k shares |
| JANE STREET GROUP, LLC | Added | $2.6m199.9k shares |
| GROUP ONE TRADING LLC | Added | $2.2m171.2k shares |
| SIMPLEX TRADING, LLC | Added | $1.0m78.5k shares |
| Walleye Trading LLC | Added | $821.3k63.2k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $434.0k33.4k shares |
| Walleye Capital LLC | New | $269.0k20.7k shares |
| Point72 Asset Management, L.P. | New | $136.4k10.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Fogel Kaplan Sergio Enrique 13G · exempt (held before listing) filed 2025-02-14 | 25.4% |
GENERAL ATLANTIC, L.P.
13D · may seek influence
-6.9 pts · filed 2026-08-19
Stated purposeNo material change. Full filing |
21.4% |
| Fernandez Balague Emiliano Sebastian 13G · exempt (held before listing) filed 2025-02-14 | 10.8% |
| Azar Alberto Eduardo 13G · exempt (held before listing) filed 2026-05-04 | 10.3% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 1 | $237.0k | 0 | — | — |
| Q3 2026 | 0 | — | 1 | $16.2m | $16.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-05 | Kanovich Sebastian Director | Sold plan | $1.1m72.8k shares |
| 2026-08-04 | Kanovich Sebastian Director | Sold plan | $72.8k4.7k shares |
| 2026-07-07 | Kanovich Sebastian Director | Sold plan | $398.4k25.7k shares |
| 2026-07-01 | Kanovich Sebastian Director | Sold plan | $14.6m1.0m shares |
| 2026-05-29 | Pruett William Rodney Director | Bought | $237.0k20.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| GENERAL ATLANTIC, L.P. 20.86% of their portfolio | 46.7m $606.3m | Unchanged |
| Summit Trail Advisors, LLC 1.26% of their portfolio | 7.7m $99.8m | Added +4 |
| BlackRock, Inc. 0.00% of their portfolio | 5.1m $66.0m | Added +5.0m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 4.9m $64.0m | Added +852.4k |
| Cria, Inc. 41.96% of their portfolio | 4.0m $52.0m | Unchanged |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. 6.51% of their portfolio | 4.0m $51.9m | Added +1.9m |
| Fourth Sail Capital LP 7.77% of their portfolio | 3.9m $51.2m | Added +1.7m |
| Ribbit Management Company, LLC 2.46% of their portfolio | 3.9m $50.6m | Unchanged |
| Paradice Investment Management LLC 5.67% of their portfolio | 2.7m $35.5m | Added +579.3k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 2.6m $34.3m | Reduced -2.3m |
| BAILLIE GIFFORD & CO 0.03% of their portfolio | 2.6m $33.2m | Reduced -341.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $25.1m | Reduced -306.3k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 1.7m $21.6m | Added +269.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 1.5m $19.4m | New |
| Tikvah Management LLC 5.61% of their portfolio | 1.4m $18.5m | Added +172.5k |
| Invenomic Capital Management LP 1.08% of their portfolio | 1.4m $18.1m | Added +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.4m $17.6m | Added +1.2m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.2m $15.9m | Added +159.2k |
| TB Capital Gestao de Recursos Ltda. 7.91% of their portfolio | 1.1m $14.5m | Added +307.8k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.1m $13.9m | Reduced -1.8m |
| STATE STREET CORP 0.00% of their portfolio | 954.9k $12.4m | Added +783.2k |
| Bond Capital Management, LP 3.95% of their portfolio | 927.5k $12.0m | Unchanged |
| ALKEON CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 823.8k $10.7m | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 790.0k $10.3m | Reduced -2.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 749.6k $9.7m | Added +467.2k |
| Itau Unibanco Holding S.A. 0.18% of their portfolio | 690.8k $9.0m | New |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 649.3k $8.4m | Added +629.9k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 616.3k $8.0m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 496.5k $6.5m | Added +15.0k |
| J. Goldman & Co LP 0.22% of their portfolio | 487.0k $6.3m | Added +262.0k |
| Lane Generational LLC 5.40% of their portfolio | 473.7k $6.2m | Reduced -46.2k |
| POLEN CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 456.1k $5.9m | Reduced -2.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 417.1k $5.4m | Reduced -272.2k |
| M&G PLC 0.03% of their portfolio | 413.1k $5.4m | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 397.1k $5.2m | Reduced -1.1m |
| Arthedge Capital Management, LLC 4.14% of their portfolio | 366.9k $4.8m | New |
| Absolute Gestao de Investimentos Ltda. 1.31% of their portfolio | 364.5k $4.7m | Reduced -531.7k |
| FMR LLC 0.00% of their portfolio | 310.0k $4.0m | Reduced -1.3m |
| Harel Insurance Investments & Financial Services Ltd. 0.02% of their portfolio | 295.0k $3.8m | New |
| Bastion Asset Management Inc. 1.21% of their portfolio | 290.2k $3.6m | New |
| Nuveen, LLC 0.00% of their portfolio | 289.1k $3.8m | New |
| MIRABELLA FINANCIAL SERVICES LLP 0.33% of their portfolio | 267.2k $3.5m | Reduced -12.5k |
| Empowered Funds, LLC 0.02% of their portfolio | 255.0k $3.3m | Added +152.9k |
| Trexquant Investment LP 0.02% of their portfolio | 245.1k $3.2m | Reduced -187.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 221.3k $2.9m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 219.9k $2.9m | New |
| SCHWARTZ INVESTMENT COUNSEL INC 0.09% of their portfolio | 207.2k $2.7m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 199.7k $2.6m | Added +13.9k |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.50% of their portfolio | 168.0k $2.2m | Reduced -42.0k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 161.8k $2.1m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio | 158.7k $2.1m | Reduced -9.3k |
| WINTON GROUP Ltd 0.06% of their portfolio | 142.5k $1.9m | Added +120.1k |
| HighTower Advisors, LLC 0.00% of their portfolio | 125.2k $1.6m | New |
| Sagil Capital LLP 0.76% of their portfolio | 119.2k $1.5m | New |
| UBS Group AG 0.00% of their portfolio | 114.4k $1.5m | Reduced -38.2k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 112.5k $1.5m | New |
| Invesco Ltd. 0.00% of their portfolio | 110.5k $1.4m | Added +84.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 100.5k $1.3m | Added +36.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 95.1k $1.2m | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 90.6k $1.2m | New |
| Penserra Capital Management LLC 0.01% of their portfolio | 89.3k $1.2m | Reduced -20.5k |
| Point Nemo Capital, LLC 0.59% of their portfolio | 89.1k $1.2m | Reduced -6.8k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 86.2k $1.1m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 85.7k $1.1m | Added +83.0k |
| Legend Financial Advisors, Inc. 0.62% of their portfolio | 83.4k $1.1m | Reduced -282 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 78.3k $1.0m | New |
| IMC-Chicago, LLC 0.01% of their portfolio | 77.2k $1.0m | Reduced -230.9k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.02% of their portfolio | 73.1k $949.8k | New |
| GROUP ONE TRADING LLC 0.03% of their portfolio | 72.0k $935.6k | Reduced -67.9k |
| PDT Partners, LLC 0.05% of their portfolio | 68.9k $895.2k | Reduced -341.5k |
| Private Advisor Group, LLC 0.00% of their portfolio | 67.5k $877.2k | New |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 63.0k $818.7k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 61.9k $804.1k | Reduced -34.1k |
| Dodge & Cox 0.00% of their portfolio | 61.5k $799.2k | Added +16.8k |
| VPR Management LLC 0.29% of their portfolio | 56.0k $727.7k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 55.8k $725.0k | Added +50.2k |
| Squarepoint Ops LLC 0.00% of their portfolio | 54.2k $704.3k | Added +2.0k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 53.8k $698.9k | New |
| Massar Capital Management, LP 0.24% of their portfolio | 53.1k $690.5k | Reduced -56.4k |
| SG Americas Securities, LLC 0.00% of their portfolio | 52.4k $681.0k | Reduced -414.1k |
| CITIGROUP INC 0.00% of their portfolio | 49.6k $644.2k | Reduced -23.6k |
| State of Wyoming 0.06% of their portfolio | 47.8k $621.1k | Reduced -14.5k |
| Legal & General Group Plc 0.00% of their portfolio | 43.3k $562.6k | Added +26.2k |
| Vident Advisory, LLC 0.00% of their portfolio | 42.0k $546.0k | Added +6.7k |
| Yorktown Management & Research Co Inc 0.33% of their portfolio | 41.5k $539.3k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 40.8k $530.2k | Reduced -60.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 35.4k $460.3k | Reduced -333.6k |
| XTX Topco Ltd 0.01% of their portfolio | 33.3k $432.4k | Added +5.2k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 32.6k $423.9k | Reduced -28.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 32.0k $415.8k | New |
| EXCHANGE TRADED CONCEPTS, LLC 0.00% of their portfolio | 31.0k $402.6k | Reduced -7.1k |
| Ashton Thomas Private Wealth, LLC 0.01% of their portfolio | 30.6k $397.6k | Unchanged |
| RBF Capital, LLC 0.02% of their portfolio | 30.0k $389.9k | Reduced -5.0k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 27.8k $361.6k | New |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 26.9k $349.1k | New |
| Axxion S.A. 0.02% of their portfolio | 26.3k $342.0k | First filing |
| LMR Partners LLP 0.00% of their portfolio | 23.2k $301.8k | New |
| GSA CAPITAL PARTNERS LLP 0.02% of their portfolio | 23.1k $300.0k | Reduced -16.6k |
| Valmark Advisers, Inc. 0.00% of their portfolio | 22.7k $294.8k | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 22.5k $292.9k | New |