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 ($110.4k this quarter). Holder counts are more reliable. Shares outstanding: 296.0m as of 2023-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $14.71. Options: 18 managers hold calls ($41.5m notional), 14 hold puts ($12.4m).
Trends to Q1 2024
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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 67 | 88 |
| Q1 2023 | 47 | 62 |
| Q2 2023 | 66 | 52 |
| Q3 2023 | 56 | 66 |
| Q4 2023 | 68 | 58 |
| Q1 2024 | 64 | 67 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $105.7m | $16.1m | 0.15 |
| Q3 2023 | $127.5m | $25.0m | 0.20 |
| Q4 2023 | $108.9m | $32.1m | 0.30 |
| Q1 2024 | $41.5m | $12.4m | 0.30 |
Biggest buyers
| MORGAN STANLEY | Added | +3.3m |
| Marcho Partners LLP | Added | +1.3m |
| Tekne Capital Management, LLC | New | +1.2m |
| D1 Capital Partners L.P. | Added | +1.0m |
| Fourth Sail Capital LP | Added | +655.5k |
| BAILLIE GIFFORD & CO | Added | +552.1k |
| Carrhae Capital LLP | New | +364.2k |
| WASATCH ADVISORS LP | Added | +345.7k |
| Absolute Gestao de Investimentos Ltda. | Added | +295.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +235.2k |
Biggest sellers
| BANK OF AMERICA CORP /DE/ | Reduced | -3.5m |
| EVENTIDE ASSET MANAGEMENT, LLC | Reduced | -2.1m |
| 1832 Asset Management L.P. | Sold out | -1.1m |
| FMR LLC | Reduced | -864.3k |
| MARSHALL WACE, LLP | Reduced | -614.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -426.3k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -424.0k |
| THORNBURG INVESTMENT MANAGEMENT INC | Sold out | -375.6k |
| J. Goldman & Co LP | Reduced | -247.4k |
| JANE STREET GROUP, LLC | Reduced | -228.3k |
Biggest calls
| Carrhae Capital LLP | New | $5.9m400.0k shares |
| GROUP ONE TRADING LLC | Added | $5.6m380.8k shares |
| Octahedron Capital Management L.P. | Unchanged | $5.3m360.0k shares |
| SIMPLEX TRADING, LLC | Added | $4.9m332.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.2m288.4k shares |
| JANE STREET GROUP, LLC | Reduced | $3.9m265.7k shares |
| CITADEL ADVISORS LLC | Reduced | $3.6m241.8k shares |
| WOLVERINE TRADING, LLC | New | $1.9m129.9k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $1.5m100.1k shares |
| IMC-Chicago, LLC | Added | $1.4m93.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.8m396.0k shares |
| Parallax Volatility Advisers, L.P. | New | $1.3m91.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $990.0k67.4k shares |
| GROUP ONE TRADING LLC | Reduced | $751.2k51.1k shares |
| IMC-Chicago, LLC | Added | $692.4k47.1k shares |
| JANE STREET GROUP, LLC | Reduced | $568.9k38.7k shares |
| CITADEL ADVISORS LLC | Reduced | $536.5k36.5k shares |
| GTS SECURITIES LLC | Added | $460.1k31.3k shares |
| WOLVERINE TRADING, LLC | New | $448.4k30.5k shares |
| Point72 Asset Management, L.P. | Unchanged | $392.5k26.7k 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 in Q1 2024
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.
None reported in Q1 2024.
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| GENERAL ATLANTIC, L.P. 21.82% of their portfolio | 63.9m $939.4m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 9.3m $136.8m | Added +3.3m |
| FMR LLC 0.01% of their portfolio | 8.7m $127.6m | Reduced -864.3k |
| ALKEON CAPITAL MANAGEMENT LLC 0.37% of their portfolio | 4.5m $66.8m | Unchanged |
| WASATCH ADVISORS LP 0.30% of their portfolio | 3.9m $57.9m | Added +345.7k |
| Ribbit Management Company, LLC 4.14% of their portfolio | 3.8m $57.1m | Unchanged |
| D1 Capital Partners L.P. 0.84% of their portfolio | 3.8m $55.4m | Added +1.0m |
| EVENTIDE ASSET MANAGEMENT, LLC 0.78% of their portfolio | 3.4m $49.4m | Reduced -2.1m |
| Marcho Partners LLP 12.72% of their portfolio | 2.9m $43.2m | Added +1.3m |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. 5.05% of their portfolio | 2.8m $41.4m | Added +746 |
| Bond Capital Management, LP 14.55% of their portfolio | 1.9m $27.3m | Unchanged |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 1.5m $22.7m | Added +552.1k |
| Fourth Sail Capital LP 6.54% of their portfolio | 1.5m $21.9m | Added +655.5k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 1.4m $21.0m | Unchanged |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 0.41% of their portfolio | 1.3m $19.4m | Added +72.0k |
| Pertento Partners LLP 3.81% of their portfolio | 1.3m $18.9m | Added +141.7k |
| POLEN CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 1.3m $18.8m | Added +77.7k |
| MARSHALL WACE, LLP 0.03% of their portfolio | 1.3m $18.7m | Reduced -614.9k |
| Tekne Capital Management, LLC 5.25% of their portfolio | 1.2m $18.4m | New |
| Summit Trail Advisors, LLC 0.37% of their portfolio | 940.8k $13.8m | Unchanged |
| TWO SIGMA ADVISERS, LP 0.02% of their portfolio | 688.4k $10.1m | Reduced -55.6k |
| Absolute Gestao de Investimentos Ltda. 3.07% of their portfolio | 676.8k $9.9m | Added +295.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 622.7k $9.2m | Added +235.2k |
| Flight Deck Capital, LP 11.66% of their portfolio | 614.1k $9.0m | Added +137.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 465.7k $6.8m | Reduced -31.1k |
| Carrhae Capital LLP 1.05% of their portfolio | 364.2k $5.4m | New |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 349.8k $5.1m | Reduced -424.0k |
| FRED ALGER MANAGEMENT, LLC 0.02% of their portfolio | 313.7k $4.6m | Reduced -8.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 303.8k $4.5m | Added +93.1k |
| Holocene Advisors, LP 0.02% of their portfolio | 297.4k $4.4m | Reduced -96.8k |
| Yarra Square Partners LP 3.68% of their portfolio | 289.0k $4.2m | Unchanged |
| CONSOLIDATED PRESS INTERNATIONAL HOLDINGS LTD 0.45% of their portfolio | 266.1k $3.9m | Added +14.5k |
| Bienville Capital Management, LLC 1.17% of their portfolio | 260.9k $3.8m | Added +164.1k |
| J. Goldman & Co LP 0.15% of their portfolio | 225.1k $3.3m | Reduced -247.4k |
| Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio | 223.6k $3.4m | Added +30.9k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 206.3k $3.0m | Added +14.9k |
| NORGES BANK 0.00% of their portfolio | 194.8k $2.9m | Reduced -84.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 189.1k $2.8m | Reduced -3.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 171.3k $2.5m | Added +22.2k |
| STATE STREET CORP 0.00% of their portfolio | 166.8k $2.5m | Added +4.1k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 156.4k $2.3m | Reduced -206.9k |
| Man Group plc 0.01% of their portfolio | 149.9k $2.2m | Unchanged |
| Penserra Capital Management LLC 0.03% of their portfolio | 144.8k $2.1m | Added +107.8k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 142.8k $2.1m | Reduced -59.2k |
| Pearl River Capital, LLC 0.29% of their portfolio | 123.8k $1.8m | Added +79.1k |
| PDT Partners, LLC 0.17% of their portfolio | 119.5k $1.8m | Added +16.3k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 108.4k $1.6m | Added +92.8k |
| HRT FINANCIAL LP 0.01% of their portfolio | 107.0k $1.6m | Reduced -13.4k |
| VANGUARD GROUP INC 0.00% of their portfolio | 83.2k $1.2m | Added +73 |
| Empowered Funds, LLC 0.01% of their portfolio | 82.0k $1.2m | Added +44.4k |
| BlackRock Inc. 0.00% of their portfolio | 77.6k $1.1m | Reduced -7.4k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 73.3k $1.1m | Reduced -228.3k |
| GSA CAPITAL PARTNERS LLP 0.07% of their portfolio | 63.3k $930.0k | Added +3.7k |
| Renaissance Capital LLC 0.46% of their portfolio | 60.0k $882.6k | Added +1.7k |
| Invesco Ltd. 0.00% of their portfolio | 58.9k $866.0k | Added +12.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 46.0k $697.0k | Added +33.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 45.6k $670.0k | Reduced -163.4k |
| Trexquant Investment LP 0.01% of their portfolio | 44.4k $652.6k | New |
| Parallax Volatility Advisers, L.P. 0.02% of their portfolio | 40.4k $593.1k | New |
| HighTower Advisors, LLC 0.00% of their portfolio | 40.1k $586.0k | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 38.6k $567.4k | Added +816 |
| Think Investments LP 0.11% of their portfolio | 32.7k $481.3k | New |
| Values First Advisors, Inc. 0.28% of their portfolio | 32.5k $477.4k | Reduced -20.6k |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 30.0k $441.0k | Reduced -160 |
| Artal Group S.A. 0.01% of their portfolio | 30.0k $441.0k | Added +10.0k |
| Quantum Portfolio Management LLC 0.20% of their portfolio | 24.5k $359.5k | New |
| Legal & General Group Plc 0.00% of their portfolio | 24.2k $356.3k | Reduced -2.4k |
| Engineers Gate Manager LP 0.01% of their portfolio | 21.4k $314.3k | Reduced -14.9k |
| Amundi 0.00% of their portfolio | 20.8k $315.4k | Reduced -950 |
| Yorktown Management & Research Co Inc 0.28% of their portfolio | 19.8k $291.1k | Unchanged |
| State of Wyoming 0.05% of their portfolio | 19.5k $286.1k | Added +6.8k |
| Counterpoint Mutual Funds LLC 0.06% of their portfolio | 17.2k $253.1k | New |
| Graham Capital Management, L.P. 0.01% of their portfolio | 16.9k $247.8k | New |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 16.2k $238.6k | Added +400 |
| Dynamic Technology Lab Private Ltd 0.02% of their portfolio | 15.5k $228.0k | Reduced -4.5k |
| B. Riley Wealth Advisors, Inc. 0.01% of their portfolio | 14.8k $284.2k | New |
| IMC-Chicago, LLC 0.01% of their portfolio | 14.1k $207.8k | New |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 14.0k $206.0k | Reduced -217 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 13.5k $198.2k | Added +11.8k |
| Coronation Fund Managers Ltd. 0.01% of their portfolio | 12.8k $188.1k | Unchanged |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.02% of their portfolio | 12.5k $184.3k | Reduced -838 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 12.1k $177.8k | Reduced -1.0k |
| Ridgewood Investments LLC 0.08% of their portfolio | 10.4k $152.3k | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 10.1k $148.8k | Reduced -886 |
| UBS Group AG 0.00% of their portfolio | 9.6k $141.0k | Added +8.6k |
| BARCLAYS PLC 0.00% of their portfolio | 7.7k $112.9k | Added +3.7k |
| EXCHANGE TRADED CONCEPTS, LLC 0.00% of their portfolio | 7.5k $110.4k | Added +1.2k |
| CITIGROUP INC 0.00% of their portfolio | 5.3k $77.9k | Reduced -34 |
| Annis Gardner Whiting Capital Advisors, LLC 0.02% of their portfolio | 4.4k $64.5k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 4.2k $61.9k | Reduced -4.8k |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 3.0k $44.1k | Added +500 |
| NewEdge Advisors, LLC 0.00% of their portfolio | 2.8k $41.7k | Reduced -120 |
| Y.D. More Investments Ltd 0.01% of their portfolio | 2.4k $34.8k | Reduced -599 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.2k $18.0k | Reduced -145 |
| Stone House Investment Management, LLC 0.00% of their portfolio | 1.0k $14.7k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 935 $13.7k | Reduced -422 |
| US BANCORP \DE\ 0.00% of their portfolio | 828 $12.2k | Added +209 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 753 $10.7k | Reduced -450 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 469 $6.9k | Reduced -79.7k |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 400 $6.2k | New |