NU HLDGS LTD NU
ORD SHS CL A · Common Stock · CUSIP G6683N103 · ISIN KYG6683N1034
- SectorFinancials
- IndustryFinance Services
- HeadquartersCayman Islands
- 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 ($161.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $15.99. Options: 50 managers hold calls ($1.3bn notional), 43 hold puts ($847.7m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 252 |
| Q4 2022 | 264 |
| Q1 2023 | 301 |
| Q2 2023 | 352 |
| Q3 2023 | 405 |
| Q4 2023 | 497 |
| Q1 2024 | 574 |
| Q2 2024 | 609 |
| Q3 2024 | 652 |
| Q4 2024 | 712 |
| Q1 2025 | 734 |
| Q2 2025 | 786 |
| Q3 2025 | 802 |
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 2023 | 297 | 158 |
| Q1 2024 | 352 | 222 |
| Q2 2024 | 351 | 238 |
| Q3 2024 | 335 | 313 |
| Q4 2024 | 359 | 332 |
| Q1 2025 | 440 | 301 |
| Q2 2025 | 453 | 304 |
| Q3 2025 | 455 | 329 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $615.0m | $456.6m | 0.74 |
| Q1 2025 | $521.1m | $409.4m | 0.79 |
| Q2 2025 | $916.0m | $666.2m | 0.73 |
| Q3 2025 | $1.3bn | $847.7m | 0.64 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +91.3m |
| LONE PINE CAPITAL LLC | New | +25.4m |
| BlackRock, Inc. | Added | +21.9m |
| MARSHALL WACE, LLP | Added | +14.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +13.5m |
| Ninety One UK Ltd | Added | +13.4m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | Added | +12.6m |
| GOLDMAN SACHS GROUP INC | Added | +12.5m |
| TWO SIGMA ADVISERS, LP | Added | +10.6m |
| MORGAN STANLEY | Added | +10.2m |
Biggest sellers
| SC US (TTGP), LTD. | Sold out | -72.8m |
| JENNISON ASSOCIATES LLC | Reduced | -20.4m |
| D1 Capital Partners L.P. | Reduced | -14.0m |
| CITADEL ADVISORS LLC | Reduced | -11.2m |
| Capital Research Global Investors | Reduced | -10.3m |
| Capital International Investors | Reduced | -10.1m |
| BAILLIE GIFFORD & CO | Reduced | -9.5m |
| JANE STREET GROUP, LLC | Reduced | -8.8m |
| UBS Group AG | Reduced | -7.6m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -6.8m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $288.9m18.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $209.7m13.1m shares |
| NWI MANAGEMENT LP | Added | $192.1m12.0m shares |
| PEAK6 LLC | Reduced | $75.5m4.7m shares |
| JANE STREET GROUP, LLC | Added | $64.2m4.0m shares |
| SIMPLEX TRADING, LLC | Added | $49.1m3.1m shares |
| Parallax Volatility Advisers, L.P. | Reduced | $43.1m2.7m shares |
| D. E. Shaw & Co., Inc. | Reduced | $41.3m2.6m shares |
| IMC-Chicago, LLC | Added | $38.5m2.4m shares |
| GROUP ONE TRADING LLC | Added | $37.5m2.3m shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $222.9m13.9m shares |
| GOLDMAN SACHS GROUP INC | Added | $107.7m6.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $107.5m6.7m shares |
| BANK OF AMERICA CORP /DE/ | Reduced | $48.0m3.0m shares |
| JANE STREET GROUP, LLC | Reduced | $46.2m2.9m shares |
| SIMPLEX TRADING, LLC | Reduced | $27.2m1.7m shares |
| a16z Perennial Management, L.P. | New | $27.2m1.7m shares |
| IMC-Chicago, LLC | Added | $22.9m1.4m shares |
| WOLVERINE TRADING, LLC | Added | $22.7m1.4m shares |
| Parallax Volatility Advisers, L.P. | Added | $20.1m1.3m 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 |
|---|---|
| Rua California Ltd. 13G · exempt (held before listing) filed 2025-10-17 | 19.2% |
| BlackRock, Inc. 13G · institution filed 2026-04-24 | 8.4% |
| BAILLIE GIFFORD & CO 13G · institution -1.0 pts · filed 2026-08-03 | 6.0% |
Insider purchases and sales in Q3 2025
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 Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.08% of their portfolio | 289.4m $4.6bn | Added +21.9m |
| BAILLIE GIFFORD & CO 2.98% of their portfolio | 251.5m $4.0bn | Reduced -9.5m |
| JPMORGAN CHASE & CO 0.10% of their portfolio | 186.8m $3.0bn | Added +91.3m |
| Capital Research Global Investors 0.55% of their portfolio | 184.6m $3.0bn | Reduced -10.3m |
| MORGAN STANLEY 0.11% of their portfolio | 117.9m $1.9bn | Added +10.2m |
| STATE STREET CORP 0.05% of their portfolio | 91.5m $1.5bn | Added +239.7k |
| WCM INVESTMENT MANAGEMENT, LLC 2.47% of their portfolio | 74.5m $1.2bn | Added +659.5k |
| FMR LLC 0.05% of their portfolio | 64.2m $1.0bn | Reduced -646.0k |
| Technology Crossover Management X, Ltd. 75.20% of their portfolio | 55.8m $893.1m | Unchanged |
| SANDS CAPITAL MANAGEMENT, LLC 2.23% of their portfolio | 50.6m $809.5m | Reduced -3.9m |
| COATUE MANAGEMENT LLC 1.86% of their portfolio | 47.3m $757.3m | Reduced -1.1m |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 38.8m $620.7m | Added +8.8m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.07% of their portfolio | 38.4m $614.6m | Added +6.2m |
| Kontiki Capital Management (HK) Ltd. 32.49% of their portfolio | 38.1m $610.5m | Reduced -494.0k |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 34.1m $545.6m | Added +12.5m |
| Legal & General Group Plc 0.11% of their portfolio | 30.2m $483.1m | Added +1.4m |
| MARSHALL WACE, LLP 0.51% of their portfolio | 29.1m $466.6m | Added +14.4m |
| NORTHERN TRUST CORP 0.06% of their portfolio | 28.2m $451.7m | Added +1.3m |
| Ribbit Management Company, LLC 21.37% of their portfolio | 28.1m $450.1m | Reduced -1.2m |
| FIL Ltd 0.35% of their portfolio | 27.6m $441.3m | Reduced -1.6m |
| Orbis Allan Gray Ltd 1.88% of their portfolio | 27.3m $437.0m | Added +8.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 26.7m $423.8m | Added +2.3m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.29% of their portfolio | 25.7m $410.9m | Added +6.0m |
| LONE PINE CAPITAL LLC 2.96% of their portfolio | 25.4m $406.8m | New |
| VANGUARD GROUP INC 0.01% of their portfolio | 23.8m $380.7m | Added +1.7m |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 23.1m $370.6m | Added +5.8m |
| JENNISON ASSOCIATES LLC 0.20% of their portfolio | 21.6m $345.2m | Reduced -20.4m |
| MAVERICK CAPITAL LTD 4.50% of their portfolio | 21.0m $336.1m | Reduced -747.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 19.7m $316.2m | Reduced -2.8m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.81% of their portfolio | 19.4m $311.4m | Added +12.6m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.19% of their portfolio | 18.4m $294.8m | Added +13.5m |
| SOFTBANK GROUP CORP. 1.10% of their portfolio | 17.8m $285.7m | Reduced -3.2m |
| Assenagon Asset Management S.A. 0.38% of their portfolio | 16.1m $257.8m | Added +7.7m |
| RENAISSANCE TECHNOLOGIES LLC 0.34% of their portfolio | 16.0m $256.8m | Reduced -671.7k |
| Amundi 0.08% of their portfolio | 15.5m $238.2m | Added +1.4m |
| TWO SIGMA INVESTMENTS, LP 0.38% of their portfolio | 15.4m $247.0m | Added +8.3m |
| Coronation Fund Managers Ltd. 12.41% of their portfolio | 14.9m $237.8m | Reduced -1.2m |
| Ninety One UK Ltd 0.25% of their portfolio | 14.4m $230.5m | Added +13.4m |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. 32.27% of their portfolio | 14.3m $228.3m | Added +1.8m |
| a16z Perennial Management, L.P. 17.93% of their portfolio | 14.1m $226.3m | Reduced -1.5m |
| SurgoCap Partners LP 6.36% of their portfolio | 14.0m $224.2m | Added +1.8m |
| Sumitomo Mitsui Trust Group, Inc. 0.13% of their portfolio | 13.7m $219.3m | Added +1.7m |
| Nuveen, LLC 0.06% of their portfolio | 13.3m $213.1m | Added +450.8k |
| TWO SIGMA ADVISERS, LP 0.41% of their portfolio | 12.7m $204.1m | Added +10.6m |
| Aberdeen Group plc 0.32% of their portfolio | 12.7m $200.5m | Reduced -262.2k |
| Whale Rock Capital Management LLC 2.34% of their portfolio | 12.4m $198.8m | Reduced -5.4m |
| Robeco Institutional Asset Management B.V. 0.29% of their portfolio | 12.3m $197.3m | Reduced -219.5k |
| BARCLAYS PLC 0.07% of their portfolio | 11.8m $188.7m | Added +4.4m |
| SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. 43.45% of their portfolio | 11.6m $185.0m | Added +2.4m |
| WASATCH ADVISORS LP 0.96% of their portfolio | 11.2m $178.9m | Reduced -1.6m |
| TIGER GLOBAL MANAGEMENT LLC 0.55% of their portfolio | 11.0m $176.6m | Unchanged |
| WASHINGTON UNIVERSITY 94.77% of their portfolio | 10.6m $169.2m | Added +158.7k |
| Artisan Partners Limited Partnership 0.24% of their portfolio | 10.5m $167.4m | Reduced -3.9m |
| Fisher Asset Management, LLC 0.06% of their portfolio | 10.4m $167.1m | Added +55.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.66% of their portfolio | 10.4m $166.2m | Added +7.0m |
| Capital World Investors 0.02% of their portfolio | 10.3m $165.6m | Added +118.2k |
| D1 Capital Partners L.P. 1.87% of their portfolio | 10.2m $163.0m | Reduced -14.0m |
| Advent International, L.P. 3.24% of their portfolio | 10.1m $161.0m | Reduced -1.7m |
| Russell Investments Group, Ltd. 0.17% of their portfolio | 9.5m $152.6m | Added +4.4m |
| SEI INVESTMENTS CO 0.16% of their portfolio | 9.5m $152.2m | Reduced -1.1m |
| UBS Group AG 0.03% of their portfolio | 9.1m $145.1m | Reduced -7.6m |
| CITIGROUP INC 0.09% of their portfolio | 8.5m $136.6m | Added +4.0m |
| BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio | 8.5m $136.2m | Reduced -4.7m |
| Palestra Capital Management LLC 4.41% of their portfolio | 8.4m $134.5m | New |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 8.2m $131.8m | Added +3.1m |
| Capital International Investors 0.02% of their portfolio | 7.9m $126.9m | Reduced -10.1m |
| Bank of New York Mellon Corp 0.02% of their portfolio | 7.8m $124.8m | Reduced -455.1k |
| Swiss National Bank 0.07% of their portfolio | 7.6m $122.4m | Added +388.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.26% of their portfolio | 7.5m $120.4m | Added +1.7m |
| AXIOM INVESTORS LLC /DE 0.86% of their portfolio | 7.3m $116.6m | Added +6.7m |
| Sands Capital Alternatives, LLC 25.17% of their portfolio | 7.2m $114.9m | Unchanged |
| Kora Management LP 12.15% of their portfolio | 7.1m $114.4m | Added +2.3m |
| Itau Unibanco Holding S.A. 3.64% of their portfolio | 6.7m $107.0m | Added +3.8m |
| Polar Capital Holdings Plc 0.48% of their portfolio | 6.3m $100.2m | Reduced -651.9k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 6.1m $97.0m | Reduced -6.8m |
| Man Group plc 0.18% of their portfolio | 5.9m $94.6m | Added +3.2m |
| California Public Employees Retirement System 0.06% of their portfolio | 5.8m $92.2m | Added +505.4k |
| 1832 Asset Management L.P. 0.15% of their portfolio | 5.6m $89.8m | New |
| MANNING & NAPIER ADVISORS LLC 1.12% of their portfolio | 5.5m $87.9m | Reduced -204.8k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 5.5m $87.7m | Reduced -1.0m |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.30% of their portfolio | 5.4m $87.0m | Reduced -2.0m |
| Spear Holdings RSC Ltd 4.81% of their portfolio | 5.3m $85.6m | Added +2.1m |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 5.2m $83.8m | Reduced -920.5k |
| Invesco Ltd. 0.01% of their portfolio | 5.2m $82.6m | Added +795.8k |
| Amova Asset Management Americas, Inc. 0.78% of their portfolio | 5.1m $81.0m | Added +1.1m |
| Dragoneer Investment Group, LLC 1.75% of their portfolio | 5.0m $79.3m | Reduced -5.0m |
| Sharp Capital Gestora de Recursos Ltda. 69.20% of their portfolio | 5.0m $79.3m | Added +467.0k |
| JANE STREET GROUP, LLC 0.09% of their portfolio | 4.9m $78.8m | Reduced -8.8m |
| Candriam S.C.A. 0.41% of their portfolio | 4.9m $78.0m | Added +4.3m |
| IEQ CAPITAL, LLC 0.24% of their portfolio | 4.8m $77.6m | Reduced -861 |
| Avala Global LP 3.18% of their portfolio | 4.8m $77.0m | Added +3.4m |
| Partners Group Holding AG 4.51% of their portfolio | 4.8m $76.8m | Added +4.6m |
| Seven Springs Wealth Group, LLC 18.03% of their portfolio | 4.7m $74.6m | Reduced -2.1m |
| Pictet Asset Management Holding SA 0.07% of their portfolio | 4.6m $74.3m | Added +194.5k |
| Alta Park Capital, LP 7.32% of their portfolio | 4.5m $72.7m | Added +182.4k |
| OAKTREE CAPITAL MANAGEMENT LP 1.21% of their portfolio | 4.5m $72.3m | New |
| Ninety One North America, Inc. 1.66% of their portfolio | 4.5m $72.0m | New |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.15% of their portfolio | 4.5m $71.5m | Reduced -18.1k |
| Focus Partners Wealth 0.12% of their portfolio | 4.5m $71.4m | Reduced -1.7m |
| Holocene Advisors, LP 0.16% of their portfolio | 4.3m $68.8m | Unchanged |