Vault-13

DLOCAL LTD DLO

CLASS A COM · Common Stock · CUSIP G29018101 · ISIN KYG290181018

Uruguayan financial technology company

116 institutional holders -9 vs Q4 2023
129,914,295129.9m shares reported held*
43.9% of all shares outstanding*
$1.9bnreported value*
21 new 43 added 37 reduced 30 sold out net sold ≈ $9.1m (-615.9k shares)

* 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

050100150Q3 22: 143Q4 22: 111Q1 23: 98Q2 23: 112Q3 23: 111Q4 23: 125Q1 24: 116116Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 2022143
Q4 2022111
Q1 202398
Q2 2023112
Q3 2023111
Q4 2023125
Q1 2024116

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 67 bought or addedQ4 22: 88 cut or sold outQ4 22Q1 23: 47 bought or addedQ1 23: 62 cut or sold outQ1 23Q2 23: 66 bought or addedQ2 23: 52 cut or sold outQ2 23Q3 23: 56 bought or addedQ3 23: 66 cut or sold outQ3 23Q4 23: 68 bought or addedQ4 23: 58 cut or sold outQ4 23Q1 24: 64 bought or addedQ1 24: 67 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 20226788
Q1 20234762
Q2 20236652
Q3 20235666
Q4 20236858
Q1 20246467

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50m$100m$150mQ2 23 calls: $105.7mQ2 23 puts: $16.1mQ2 23P/C 0.15Q3 23 calls: $127.5mQ3 23 puts: $25.0mQ3 23P/C 0.20Q4 23 calls: $108.9mQ4 23 puts: $32.1mQ4 23P/C 0.30Q1 24 calls: $41.5mQ1 24 puts: $12.4mQ1 24P/C 0.30
Numbers
QuarterCallsPutsP/C
Q2 2023$105.7m$16.1m0.15
Q3 2023$127.5m$25.0m0.20
Q4 2023$108.9m$32.1m0.30
Q1 2024$41.5m$12.4m0.30

Biggest buyers

MORGAN STANLEY Added +3,339,459+3.3m
Marcho Partners LLP Added +1,262,475+1.3m
Tekne Capital Management, LLC New +1,249,393+1.2m
D1 Capital Partners L.P. Added +1,029,000+1.0m
Fourth Sail Capital LP Added +655,548+655.5k
BAILLIE GIFFORD & CO Added +552,104+552.1k
Carrhae Capital LLP New +364,176+364.2k
WASATCH ADVISORS LP Added +345,746+345.7k
Absolute Gestao de Investimentos Ltda. Added +295,209+295.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +235,160+235.2k

Biggest sellers

BANK OF AMERICA CORP /DE/ Reduced -3,474,918-3.5m
EVENTIDE ASSET MANAGEMENT, LLC Reduced -2,059,570-2.1m
1832 Asset Management L.P. Sold out -1,096,800-1.1m
FMR LLC Reduced -864,292-864.3k
MARSHALL WACE, LLP Reduced -614,886-614.9k
VOLORIDGE INVESTMENT MANAGEMENT, LLC Sold out -426,271-426.3k
TWO SIGMA INVESTMENTS, LP Reduced -423,982-424.0k
THORNBURG INVESTMENT MANAGEMENT INC Sold out -375,575-375.6k
J. Goldman & Co LP Reduced -247,450-247.4k
JANE STREET GROUP, LLC Reduced -228,277-228.3k

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.

HolderStakeChangeShares Last filed
Fogel Kaplan Sergio Enrique 13G · exempt (held before listing) filed 2025-02-14 25.4% 50.9m≈ $661.4m 2025-02-14
GENERAL ATLANTIC, L.P. 13D · may seek influence -6.9 pts · filed 2026-08-19
Stated purposeNo material change. Full filing
21.4% -6.9 pts 36.8m≈ $478.4m 2026-08-19
Fernandez Balague Emiliano Sebastian 13G · exempt (held before listing) filed 2025-02-14 10.8% 16.3m≈ $212.4m 2025-02-14
Azar Alberto Eduardo 13G · exempt (held before listing) filed 2026-05-04 10.3% 18.5m≈ $240.1m 2026-05-04

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GENERAL ATLANTIC, L.P. 21.82% of their portfolio New York, NY 63,906,69563.9m $939.4m $939.4m 21.82% Unchanged
2 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,307,9059.3m $136.8m $136.8m 0.00% Added +3.3m +3,339,459
3 FMR LLC 0.01% of their portfolio BOSTON, MA 8,677,8788.7m $127.6m $127.6m 0.01% Reduced -864.3k -864,292
4 ALKEON CAPITAL MANAGEMENT LLC 0.37% of their portfolio New York, NY 4,545,9614.5m $66.8m $66.8m 0.37% Unchanged
5 WASATCH ADVISORS LP 0.30% of their portfolio SALT LAKE CITY, UT 3,938,1473.9m $57.9m $57.9m 0.30% Added +345.7k +345,746
6 Ribbit Management Company, LLC 4.14% of their portfolio PALO ALTO, CA 3,806,0003.8m $57.1m $57.1m 4.14% Unchanged
7 D1 Capital Partners L.P. 0.84% of their portfolio New York, NY 3,765,6493.8m $55.4m $55.4m 0.84% Added +1.0m +1,029,000
8 EVENTIDE ASSET MANAGEMENT, LLC 0.78% of their portfolio Boston, MA 3,362,9933.4m $49.4m $49.4m 0.78% Reduced -2.1m -2,059,570
9 Marcho Partners LLP 12.72% of their portfolio LONDON, X0 2,939,4842.9m $43.2m $43.2m 12.72% Added +1.3m +1,262,475
10 ATMOS CAPITAL GESTAO DE RECURSOS LTDA. 5.05% of their portfolio Leblon - Rio de Janeiro, D5 2,813,9142.8m $41.4m $41.4m 5.05% Added +746 +746
11 Bond Capital Management, LP 14.55% of their portfolio San Francisco, CA 1,855,0001.9m $27.3m $27.3m 14.55% Unchanged
12 BAILLIE GIFFORD & CO 0.02% of their portfolio EDINBURGH, X0 1,546,0911.5m $22.7m $22.7m 0.02% Added +552.1k +552,104
13 Fourth Sail Capital LP 6.54% of their portfolio GRAND CAYMAN, E9 1,491,2091.5m $21.9m $21.9m 6.54% Added +655.5k +655,548
14 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 1,431,1081.4m $21.0m $21.0m 0.01% Unchanged
15 ZEVENBERGEN CAPITAL INVESTMENTS LLC 0.41% of their portfolio EDMONDS, WA 1,316,4811.3m $19.4m $19.4m 0.41% Added +72.0k +72,034
16 Pertento Partners LLP 3.81% of their portfolio LONDON, X0 1,288,5441.3m $18.9m $18.9m 3.81% Added +141.7k +141,682
17 POLEN CAPITAL MANAGEMENT LLC 0.04% of their portfolio Boca Raton, FL 1,279,9201.3m $18.8m $18.8m 0.04% Added +77.7k +77,679
18 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 1,273,4981.3m $18.7m $18.7m 0.03% Reduced -614.9k -614,886
19 Tekne Capital Management, LLC 5.25% of their portfolio NEW YORK, NY 1,249,3931.2m $18.4m $18.4m 5.25% New
20 Summit Trail Advisors, LLC 0.37% of their portfolio NEW YORK, NY 940,820940.8k $13.8m $13.8m 0.37% Unchanged
21 TWO SIGMA ADVISERS, LP 0.02% of their portfolio NEW YORK, NY 688,400688.4k $10.1m $10.1m 0.02% Reduced -55.6k -55,600
22 Absolute Gestao de Investimentos Ltda. 3.07% of their portfolio SAO PAULO, D5 676,819676.8k $9.9m $9.9m 3.07% Added +295.2k +295,209
23 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 622,718622.7k $9.2m $9.2m 0.01% Added +235.2k +235,160
24 Flight Deck Capital, LP 11.66% of their portfolio SAN FRANCISCO, CA 614,069614.1k $9.0m $9.0m 11.66% Added +137.0k +136,956
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 465,736465.7k $6.8m $6.8m 0.00% Reduced -31.1k -31,088
26 Carrhae Capital LLP 1.05% of their portfolio London, X0 364,176364.2k $5.4m $5.4m 1.05% New
27 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 349,840349.8k $5.1m $5.1m 0.01% Reduced -424.0k -423,982
28 FRED ALGER MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 313,708313.7k $4.6m $4.6m 0.02% Reduced -8.2k -8,235
29 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 303,842303.8k $4.5m $4.5m 0.00% Added +93.1k +93,082
30 Holocene Advisors, LP 0.02% of their portfolio New York, NY 297,379297.4k $4.4m $4.4m 0.02% Reduced -96.8k -96,808
31 Yarra Square Partners LP 3.68% of their portfolio NEW YORK, NY 289,009289.0k $4.2m $4.2m 3.68% Unchanged
32 CONSOLIDATED PRESS INTERNATIONAL HOLDINGS LTD 0.45% of their portfolio SYDNEY, C3 266,093266.1k $3.9m $3.9m 0.45% Added +14.5k +14,499
33 Bienville Capital Management, LLC 1.17% of their portfolio New York, NY 260,884260.9k $3.8m $3.8m 1.17% Added +164.1k +164,080
34 J. Goldman & Co LP 0.15% of their portfolio NEW YORK, NY 225,050225.1k $3.3m $3.3m 0.15% Reduced -247.4k -247,450
35 Mirae Asset Global Investments Co., Ltd. 0.01% of their portfolio SEOUL, M5 223,581223.6k $3.4m $3.4m 0.01% Added +30.9k +30,900
36 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 206,348206.3k $3.0m $3.0m 0.00% Added +14.9k +14,864
37 NORGES BANK 0.00% of their portfolio OSLO, Q8 194,769194.8k $2.9m $2.9m 0.00% Reduced -84.0k -84,003
38 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 189,060189.1k $2.8m $2.8m 0.00% Reduced -3.5m -3,474,918
39 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 171,259171.3k $2.5m $2.5m 0.00% Added +22.2k +22,202
40 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 166,846166.8k $2.5m $2.5m 0.00% Added +4.1k +4,120
41 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 156,375156.4k $2.3m $2.3m 0.00% Reduced -206.9k -206,895
42 Man Group plc 0.01% of their portfolio LONDON, X0 149,885149.9k $2.2m $2.2m 0.01% Unchanged
43 Penserra Capital Management LLC 0.03% of their portfolio ORINDA, CA 144,796144.8k $2.1m $2.1m 0.03% Added +107.8k +107,804
44 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 142,837142.8k $2.1m $2.1m 0.01% Reduced -59.2k -59,209
45 Pearl River Capital, LLC 0.29% of their portfolio Niles, MI 123,774123.8k $1.8m $1.8m 0.29% Added +79.1k +79,055
46 PDT Partners, LLC 0.17% of their portfolio New York, NY 119,493119.5k $1.8m $1.8m 0.17% Added +16.3k +16,324
47 Balyasny Asset Management L.P. 0.00% of their portfolio Chicago, IL 108,383108.4k $1.6m $1.6m 0.00% Added +92.8k +92,806
48 HRT FINANCIAL LP 0.01% of their portfolio NEW YORK, NY 107,022107.0k $1.6m $1.6m 0.01% Reduced -13.4k -13,450
49 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 83,22183.2k $1.2m $1.2m 0.00% Added +73 +73
50 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 82,00482.0k $1.2m $1.2m 0.01% Added +44.4k +44,418
51 BlackRock Inc. 0.00% of their portfolio New York, NY 77,59677.6k $1.1m $1.1m 0.00% Reduced -7.4k -7,397
52 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 73,27973.3k $1.1m $1.1m 0.00% Reduced -228.3k -228,277
53 GSA CAPITAL PARTNERS LLP 0.07% of their portfolio LONDON, X0 63,25863.3k $930.0k $930.0k 0.07% Added +3.7k +3,723
54 Renaissance Capital LLC 0.46% of their portfolio Stamford, CT 60,03960.0k $882.6k $882.6k 0.46% Added +1.7k +1,743
55 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 58,91458.9k $866.0k $866.0k 0.00% Added +12.8k +12,766
56 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 46,03746.0k $697.0k $697.0k 0.00% Added +33.3k +33,337
57 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 45,58945.6k $670.0k $670.0k 0.00% Reduced -163.4k -163,411
58 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 44,39344.4k $652.6k $652.6k 0.01% New
59 Parallax Volatility Advisers, L.P. 0.02% of their portfolio San Francisco, CA 40,35040.4k $593.1k $593.1k 0.02% New
60 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 40,13240.1k $586.0k $586.0k 0.00% New
61 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 38,59838.6k $567.4k $567.4k 0.00% Added +816 +816
62 Think Investments LP 0.11% of their portfolio San Francisco, CA 32,74232.7k $481.3k $481.3k 0.11% New
63 Values First Advisors, Inc. 0.28% of their portfolio JOHNSON CITY, TN 32,47732.5k $477.4k $477.4k 0.28% Reduced -20.6k -20,562
64 Jefferies Financial Group Inc. 0.01% of their portfolio NEW YORK, NY 30,00030.0k $441.0k $441.0k 0.01% Reduced -160 -160
65 Artal Group S.A. 0.01% of their portfolio LUXEMBOURG, N4 30,00030.0k $441.0k $441.0k 0.01% Added +10.0k +10,000
66 Quantum Portfolio Management LLC 0.20% of their portfolio NEW YORK, NY 24,45724.5k $359.5k $359.5k 0.20% New
67 Legal & General Group Plc 0.00% of their portfolio London, X0 24,23824.2k $356.3k $356.3k 0.00% Reduced -2.4k -2,350
68 Engineers Gate Manager LP 0.01% of their portfolio NEW YORK, NY 21,37821.4k $314.3k $314.3k 0.01% Reduced -14.9k -14,948
69 Amundi 0.00% of their portfolio Paris, I0 20,75220.8k $315.4k $315.4k 0.00% Reduced -950 -950
70 Yorktown Management & Research Co Inc 0.28% of their portfolio Forest, VA 19,80019.8k $291.1k $291.1k 0.28% Unchanged
71 State of Wyoming 0.05% of their portfolio CHEYENNE, WY 19,46019.5k $286.1k $286.1k 0.05% Added +6.8k +6,811
72 Counterpoint Mutual Funds LLC 0.06% of their portfolio San Diego, CA 17,21817.2k $253.1k $253.1k 0.06% New
73 Graham Capital Management, L.P. 0.01% of their portfolio ROWAYTON, CT 16,85816.9k $247.8k $247.8k 0.01% New
74 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 16,23016.2k $238.6k $238.6k 0.00% Added +400 +400
75 Dynamic Technology Lab Private Ltd 0.02% of their portfolio SINGAPORE, U0 15,53715.5k $228.0k $228.0k 0.02% Reduced -4.5k -4,517
76 B. Riley Wealth Advisors, Inc. 0.01% of their portfolio MEMPHIS, TN 14,82614.8k $284.2k $284.2k 0.01% New
77 IMC-Chicago, LLC 0.01% of their portfolio CHICAGO, IL 14,13814.1k $207.8k $207.8k 0.01% New
78 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 14,00014.0k $206.0k $206.0k 0.00% Reduced -217 -217
79 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 13,48313.5k $198.2k $198.2k 0.00% Added +11.8k +11,806
80 Coronation Fund Managers Ltd. 0.01% of their portfolio Cape Town, T3 12,79612.8k $188.1k $188.1k 0.01% Unchanged
81 IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.02% of their portfolio DUBLIN 2, L2 12,53812.5k $184.3k $184.3k 0.02% Reduced -838 -838
82 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 12,09712.1k $177.8k $177.8k 0.00% Reduced -1.0k -1,026
83 Ridgewood Investments LLC 0.08% of their portfolio SPRINGFIELD, NJ 10,36110.4k $152.3k $152.3k 0.08% New
84 Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio TOKYO, M0 10,12310.1k $148.8k $148.8k 0.00% Reduced -886 -886
85 UBS Group AG 0.00% of their portfolio ZURICH, V8 9,5929.6k $141.0k $141.0k 0.00% Added +8.6k +8,592
86 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 7,6807.7k $112.9k $112.9k 0.00% Added +3.7k +3,730
87 EXCHANGE TRADED CONCEPTS, LLC 0.00% of their portfolio Oklahoma City, OK 7,5107.5k $110.4k $110.4k 0.00% Added +1.2k +1,170
88 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 5,2965.3k $77.9k $77.9k 0.00% Reduced -34 -34
89 Annis Gardner Whiting Capital Advisors, LLC 0.02% of their portfolio TAMPA, FL 4,3804.4k $64.5k $64.5k 0.02% Unchanged
90 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 4,2114.2k $61.9k $61.9k 0.00% Reduced -4.8k -4,834
91 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 3,0003.0k $44.1k $44.1k 0.00% Added +500 +500
92 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 2,8372.8k $41.7k $41.7k 0.00% Reduced -120 -120
93 Y.D. More Investments Ltd 0.01% of their portfolio Ramat Gan, L3 2,3662.4k $34.8k $34.8k 0.01% Reduced -599 -599
94 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,2321.2k $18.0k $18.0k 0.00% Reduced -145 -145
95 Stone House Investment Management, LLC 0.00% of their portfolio TUNKHANNOCK, PA 1,0001.0k $14.7k $14.7k 0.00% New
96 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 935935 $13.7k $13.7k 0.00% Reduced -422 -422
97 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 828828 $12.2k $12.2k 0.00% Added +209 +209
98 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 753753 $10.7k $10.7k 0.00% Reduced -450 -450
99 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 469469 $6.9k $6.9k 0.00% Reduced -79.7k -79,733
100 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 400400 $6.2k $6.2k 0.00% New