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 ($868.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $8.09. Options: 18 managers hold calls ($60.7m notional), 11 hold puts ($21.7m).
Trends to Q2 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 |
| Q2 2024 | 113 |
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 |
| Q2 2024 | 66 | 63 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $127.5m | $25.0m | 0.20 |
| Q4 2023 | $108.9m | $32.1m | 0.30 |
| Q1 2024 | $41.5m | $12.4m | 0.30 |
| Q2 2024 | $60.7m | $21.7m | 0.36 |
Biggest buyers
| SYLEBRA CAPITAL LLC | New | +1.7m |
| Slate Path Capital LP | New | +1.5m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.5m |
| TWO SIGMA ADVISERS, LP | Added | +1.2m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | New | +1.1m |
| Marcho Partners LLP | Added | +1.1m |
| Fourth Sail Capital LP | Added | +906.6k |
| JANE STREET GROUP, LLC | Added | +834.9k |
| CITADEL ADVISORS LLC | Added | +708.0k |
| Pertento Partners LLP | Added | +548.8k |
Biggest sellers
| FMR LLC | Reduced | -8.6m |
| MORGAN STANLEY | Reduced | -4.7m |
| WASATCH ADVISORS LP | Sold out | -3.9m |
| D1 Capital Partners L.P. | Sold out | -3.8m |
| EVENTIDE ASSET MANAGEMENT, LLC | Sold out | -3.4m |
| Tekne Capital Management, LLC | Sold out | -1.2m |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | Reduced | -1.0m |
| MARSHALL WACE, LLP | Reduced | -734.6k |
| Absolute Gestao de Investimentos Ltda. | Sold out | -676.8k |
| Flight Deck Capital, LP | Sold out | -614.1k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $27.2m3.4m shares |
| J. Goldman & Co LP | New | $7.3m900.0k shares |
| CITADEL ADVISORS LLC | Added | $3.9m484.8k shares |
| Walleye Capital LLC | Added | $3.5m426.5k shares |
| GROUP ONE TRADING LLC | Added | $3.4m418.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.4m417.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.4m301.2k shares |
| UBS Group AG | New | $1.8m225.0k shares |
| Parallax Volatility Advisers, L.P. | Added | $1.6m192.0k shares |
| IMC-Chicago, LLC | Added | $1.4m172.3k shares |
Biggest puts
| JANE STREET GROUP, LLC | Added | $14.3m1.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.1m261.4k shares |
| CITADEL ADVISORS LLC | Added | $1.9m239.6k shares |
| Parallax Volatility Advisers, L.P. | Added | $1.4m175.9k shares |
| SIMPLEX TRADING, LLC | Added | $699.0k86.5k shares |
| IMC-Chicago, LLC | Added | $580.1k71.7k shares |
| GTS SECURITIES LLC | Reduced | $207.1k25.6k shares |
| Walleye Capital LLC | Added | $191.7k23.7k shares |
| WOLVERINE TRADING, LLC | Reduced | $155.3k19.2k shares |
| GROUP ONE TRADING LLC | Reduced | $134.3k16.6k 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 Q2 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 Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| GENERAL ATLANTIC, L.P. 16.26% of their portfolio | 63.9m $517.0m | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 4.6m $36.9m | Reduced -4.7m |
| ALKEON CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 4.5m $36.8m | Unchanged |
| Marcho Partners LLP 9.85% of their portfolio | 4.0m $32.5m | Added +1.1m |
| Ribbit Management Company, LLC 2.19% of their portfolio | 3.9m $31.5m | Added +85.9k |
| Fourth Sail Capital LP 4.45% of their portfolio | 2.4m $19.4m | Added +906.6k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 2.0m $16.0m | Added +548.6k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 1.9m $15.2m | Added +1.2m |
| Bond Capital Management, LP 8.34% of their portfolio | 1.9m $15.0m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 1.8m $14.9m | Added +1.5m |
| Pertento Partners LLP 1.88% of their portfolio | 1.8m $14.9m | Added +548.8k |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. 2.02% of their portfolio | 1.8m $14.4m | Reduced -1.0m |
| SYLEBRA CAPITAL LLC 0.50% of their portfolio | 1.7m $13.6m | New |
| Slate Path Capital LP 0.25% of their portfolio | 1.5m $12.5m | New |
| BAILLIE GIFFORD & CO 0.01% of their portfolio | 1.2m $10.1m | Reduced -302.1k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 0.21% of their portfolio | 1.2m $9.7m | Reduced -113.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.03% of their portfolio | 1.1m $9.0m | New |
| POLEN CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 953.7k $7.7m | Reduced -326.2k |
| Summit Trail Advisors, LLC 0.20% of their portfolio | 940.8k $7.6m | Unchanged |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 908.2k $7.3m | Added +834.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 873.1k $7.1m | Added +250.4k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 708.5k $5.7m | Added +708.0k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 644.2k $5.2m | Added +487.9k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 538.9k $4.4m | Reduced -734.6k |
| STATE STREET CORP 0.00% of their portfolio | 504.3k $4.1m | Added +337.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 425.2k $3.4m | Reduced -40.6k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 377.7k $3.1m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 365.1k $3.0m | Added +61.3k |
| Lane Generational LLC 3.29% of their portfolio | 342.9k $2.8m | New |
| CONSOLIDATED PRESS INTERNATIONAL HOLDINGS LTD 0.35% of their portfolio | 342.4k $2.8m | Added +76.3k |
| FRED ALGER MANAGEMENT, LLC 0.01% of their portfolio | 304.9k $2.5m | Reduced -8.8k |
| Tikvah Management LLC 0.78% of their portfolio | 295.0k $2.4m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 294.3k $2.4m | Added +123.1k |
| Holocene Advisors, LP 0.01% of their portfolio | 292.9k $2.4m | Reduced -4.5k |
| J. Goldman & Co LP 0.07% of their portfolio | 247.5k $2.0m | Added +22.4k |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 205.1k $1.7m | New |
| NORGES BANK 0.00% of their portfolio | 194.8k $1.6m | Unchanged |
| Verition Fund Management LLC 0.01% of their portfolio | 187.1k $1.5m | New |
| Graham Capital Management, L.P. 0.04% of their portfolio | 144.0k $1.2m | Added +127.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 142.4k $1.2m | First filing |
| HRT FINANCIAL LP 0.01% of their portfolio | 136.0k $1.1m | Added +28.9k |
| Man Group plc 0.00% of their portfolio | 128.2k $1.0m | Reduced -21.6k |
| Penserra Capital Management LLC 0.01% of their portfolio | 118.1k $955.0k | Reduced -26.7k |
| FMR LLC 0.00% of their portfolio | 112.2k $907.4k | Reduced -8.6m |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 105.3k $852.0k | New |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 96.9k $784.0k | Added +33.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 91.8k $742.6k | Reduced -97.3k |
| UBS Group AG 0.00% of their portfolio | 88.1k $713.0k | Added +78.5k |
| WOLVERINE TRADING, LLC 0.01% of their portfolio | 84.0k $679.2k | New |
| VANGUARD GROUP INC 0.00% of their portfolio | 83.3k $673.8k | Added +68 |
| Trexquant Investment LP 0.01% of their portfolio | 75.0k $606.5k | Added +30.6k |
| SIMPLEX TRADING, LLC 0.02% of their portfolio | 70.9k $573.0k | New |
| Yorktown Management & Research Co Inc 0.53% of their portfolio | 61.3k $495.9k | Added +41.5k |
| Engineers Gate Manager LP 0.01% of their portfolio | 61.0k $493.8k | Added +39.7k |
| Invesco Ltd. 0.00% of their portfolio | 60.4k $488.9k | Added +1.5k |
| IMC-Chicago, LLC 0.02% of their portfolio | 58.2k $471.1k | Added +44.1k |
| Dynamic Technology Lab Private Ltd 0.05% of their portfolio | 53.3k $431.0k | Added +37.7k |
| BlackRock Inc. 0.00% of their portfolio | 51.5k $416.6k | Reduced -26.1k |
| Dodge & Cox 0.00% of their portfolio | 44.9k $363.2k | New |
| Empowered Funds, LLC 0.01% of their portfolio | 44.4k $359.3k | Reduced -37.6k |
| Quantbot Technologies LP 0.02% of their portfolio | 44.1k $356.5k | New |
| Walleye Capital LLC 0.00% of their portfolio | 43.3k $350.6k | New |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 38.2k $309.1k | Reduced -387 |
| BARCLAYS PLC 0.00% of their portfolio | 31.4k $253.9k | Added +23.7k |
| Jefferies Financial Group Inc. 0.00% of their portfolio | 30.0k $242.7k | Unchanged |
| Caption Management, LLC 0.03% of their portfolio | 30.0k $242.7k | New |
| Legal & General Group Plc 0.00% of their portfolio | 28.7k $231.8k | Added +4.4k |
| Counterpoint Mutual Funds LLC 0.05% of their portfolio | 28.3k $229.3k | Added +11.1k |
| GROUP ONE TRADING LLC 0.01% of their portfolio | 28.0k $226.3k | New |
| Garden State Investment Advisory Services LLC 0.08% of their portfolio | 27.9k $225.7k | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 23.5k $190.4k | Added +13.4k |
| PDT Partners, LLC 0.02% of their portfolio | 23.5k $190.1k | Reduced -96.0k |
| Centiva Capital, LP 0.01% of their portfolio | 22.6k $183.0k | New |
| State of Wyoming 0.03% of their portfolio | 22.5k $181.8k | Added +3.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 19.4k $157.3k | New |
| Maytree Asset Management Ltd 0.16% of their portfolio | 19.2k $155.1k | New |
| Tempus Wealth Planning, LLC 0.05% of their portfolio | 16.1k $130.6k | New |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.01% of their portfolio | 15.6k $126.5k | Added +3.1k |
| Krane Funds Advisors LLC 0.01% of their portfolio | 15.1k $122.1k | New |
| Ridgewood Investments LLC 0.06% of their portfolio | 13.7k $110.5k | Added +3.3k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 13.5k $109.0k | Reduced -500 |
| GTS SECURITIES LLC 0.00% of their portfolio | 10.9k $87.9k | New |
| Artal Group S.A. 0.00% of their portfolio | 10.5k $84.8k | Reduced -19.5k |
| Annis Gardner Whiting Capital Advisors, LLC 0.02% of their portfolio | 8.4k $68.0k | Added +4.0k |
| Quarry LP 0.01% of their portfolio | 7.8k $63.4k | Added +7.5k |
| CITIGROUP INC 0.00% of their portfolio | 4.9k $39.3k | Reduced -440 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 4.0k $32.6k | Reduced -179 |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 4.0k $32.4k | Added +1.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 2.8k $23.0k | Added +1.6k |
| NewEdge Advisors, LLC 0.00% of their portfolio | 2.6k $21.3k | Reduced -208 |
| Y.D. More Investments Ltd 0.00% of their portfolio | 2.0k $16.4k | Reduced -335 |
| FNY Investment Advisers, LLC 0.01% of their portfolio | 1.5k $12.0k | New |
| Point72 Hong Kong Ltd 0.00% of their portfolio | 1.5k $12.0k | New |
| Stone House Investment Management, LLC 0.00% of their portfolio | 1.0k $8.1k | Unchanged |
| Advisors Asset Management, Inc. 0.00% of their portfolio | 974 $7.9k | New |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 553 $4.5k | Reduced -223.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 379 $3.1k | Reduced -556 |
| US BANCORP \DE\ 0.00% of their portfolio | 347 $2.8k | Reduced -481 |
| Beaird Harris Wealth Management, LLC 0.00% of their portfolio | 301 $2.4k | New |
| CoreCap Advisors, LLC 0.00% of their portfolio | 200 $1.6k | Unchanged |