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 ($184.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $16.74. Options: 50 managers hold calls ($1.4bn notional), 43 hold puts ($894.6m).
Trends to Q4 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 |
| Q4 2025 | 874 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2025 | 485 | 294 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $521.1m | $409.4m | 0.79 |
| Q2 2025 | $916.0m | $666.2m | 0.73 |
| Q3 2025 | $1.3bn | $847.7m | 0.64 |
| Q4 2025 | $1.4bn | $894.6m | 0.65 |
Biggest buyers
| JENNISON ASSOCIATES LLC | Added | +17.8m |
| BlackRock, Inc. | Added | +12.1m |
| Assenagon Asset Management S.A. | Added | +11.5m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +9.9m |
| Foxhaven Asset Management, LP | New | +6.8m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +6.7m |
| Itau Unibanco Holding S.A. | Added | +5.9m |
| Qube Research & Technologies Ltd | New | +5.9m |
| MANNING & NAPIER ADVISORS LLC | Added | +5.9m |
| BAILLIE GIFFORD & CO | Added | +5.8m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -106.0m |
| Orbis Allan Gray Ltd | Reduced | -23.4m |
| Capital Research Global Investors | Reduced | -20.5m |
| Technology Crossover Management X, Ltd. | Reduced | -13.2m |
| D1 Capital Partners L.P. | Sold out | -10.2m |
| MAVERICK CAPITAL LTD | Reduced | -9.3m |
| Ninety One UK Ltd | Reduced | -6.5m |
| SANDS CAPITAL MANAGEMENT, LLC | Reduced | -6.1m |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -6.0m |
| Spear Holdings RSC Ltd | Reduced | -4.8m |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $257.5m15.4m shares |
| NWI MANAGEMENT LP | Added | $234.4m14.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $225.3m13.5m shares |
| JANE STREET GROUP, LLC | Added | $79.1m4.7m shares |
| Parallax Volatility Advisers, L.P. | Added | $64.9m3.9m shares |
| GROUP ONE TRADING LLC | Added | $48.0m2.9m shares |
| D. E. Shaw & Co., Inc. | Added | $44.4m2.7m shares |
| JPMORGAN CHASE & CO | Added | $38.7m2.3m shares |
| SIMPLEX TRADING, LLC | Reduced | $35.5m2.1m shares |
| IMC-Chicago, LLC | Reduced | $29.5m1.8m shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Added | $174.0m10.4m shares |
| CITADEL ADVISORS LLC | Reduced | $160.7m9.6m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $121.3m7.2m shares |
| JANE STREET GROUP, LLC | Added | $54.4m3.2m shares |
| SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. | Added | $51.3m3.1m shares |
| SIMPLEX TRADING, LLC | Added | $29.2m1.7m shares |
| JPMORGAN CHASE & CO | Added | $29.0m1.7m shares |
| Optiver Holding B.V. | Added | $25.5m1.5m shares |
| UBS Group AG | Added | $25.1m1.5m shares |
| IMC-Chicago, LLC | Reduced | $22.0m1.3m 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% |
Fell to 5% or below in the last year: Capital Research Global Investors (4.9%, 2025-11-13)
Insider purchases and sales in Q4 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 Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.09% of their portfolio | 301.5m $5.0bn | Added +12.1m |
| BAILLIE GIFFORD & CO 3.58% of their portfolio | 257.3m $4.3bn | Added +5.8m |
| Capital Research Global Investors 0.51% of their portfolio | 164.1m $2.7bn | Reduced -20.5m |
| MORGAN STANLEY 0.12% of their portfolio | 121.4m $2.0bn | Added +3.4m |
| STATE STREET CORP 0.05% of their portfolio | 91.5m $1.5bn | Added +66.4k |
| JPMORGAN CHASE & CO 0.09% of their portfolio | 80.8m $1.4bn | Reduced -106.0m |
| WCM INVESTMENT MANAGEMENT, LLC 2.57% of their portfolio | 73.9m $1.2bn | Reduced -540.1k |
| FMR LLC 0.06% of their portfolio | 69.1m $1.2bn | Added +5.0m |
| COATUE MANAGEMENT LLC 1.92% of their portfolio | 45.8m $765.9m | Reduced -1.5m |
| NORGES BANK 0.08% of their portfolio | 45.6m $763.8m | Not comparable |
| SANDS CAPITAL MANAGEMENT, LLC 2.26% of their portfolio | 44.4m $743.7m | Reduced -6.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.08% of their portfolio | 42.6m $713.2m | Added +4.2m |
| Technology Crossover Management X, Ltd. 71.11% of their portfolio | 42.6m $712.7m | Reduced -13.2m |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 42.3m $708.3m | Added +3.5m |
| JENNISON ASSOCIATES LLC 0.40% of their portfolio | 39.4m $659.1m | Added +17.8m |
| LARCH CAPITAL PARTNERS LLC 83.09% of their portfolio | 36.2m $605.8m | First filing |
| Kontiki Capital Management (HK) Ltd. 33.28% of their portfolio | 34.2m $572.5m | Reduced -3.9m |
| GOLDMAN SACHS GROUP INC 0.08% of their portfolio | 33.7m $564.7m | Reduced -343.6k |
| MARSHALL WACE, LLP 0.51% of their portfolio | 31.5m $526.9m | Added +2.3m |
| Legal & General Group Plc 0.11% of their portfolio | 29.9m $501.2m | Reduced -236.1k |
| LONE PINE CAPITAL LLC 3.64% of their portfolio | 29.6m $496.0m | Added +4.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.28% of their portfolio | 28.3m $473.9m | Added +9.9m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 28.2m $468.9m | Added +1.5m |
| Ribbit Management Company, LLC 23.33% of their portfolio | 28.1m $470.6m | Unchanged |
| NORTHERN TRUST CORP 0.06% of their portfolio | 27.7m $463.5m | Reduced -521.5k |
| Assenagon Asset Management S.A. 0.69% of their portfolio | 27.6m $461.9m | Added +11.5m |
| FIL Ltd 0.32% of their portfolio | 25.7m $430.3m | Reduced -1.9m |
| VANGUARD GROUP INC 0.01% of their portfolio | 24.8m $415.4m | Added +1.0m |
| RENAISSANCE TECHNOLOGIES LLC 0.59% of their portfolio | 22.7m $380.6m | Added +6.7m |
| AMERIPRISE FINANCIAL INC 0.08% of their portfolio | 20.9m $350.1m | Reduced -2.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 20.8m $348.5m | Added +1.1m |
| CANADA PENSION PLAN INVESTMENT BOARD 0.22% of their portfolio | 19.7m $329.2m | Reduced -6.0m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.87% of their portfolio | 18.7m $313.0m | Reduced -750.1k |
| SOFTBANK GROUP CORP. 1.93% of their portfolio | 17.8m $298.7m | Unchanged |
| TWO SIGMA ADVISERS, LP 0.53% of their portfolio | 16.3m $272.4m | Added +3.5m |
| Amundi 0.07% of their portfolio | 16.1m $269.9m | Added +638.5k |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. 40.11% of their portfolio | 15.8m $264.8m | Added +1.6m |
| Aberdeen Group plc 0.39% of their portfolio | 15.0m $251.2m | Added +2.3m |
| Coronation Fund Managers Ltd. 10.81% of their portfolio | 14.4m $241.1m | Reduced -452.9k |
| a16z Perennial Management, L.P. 18.26% of their portfolio | 13.7m $230.1m | Reduced -386.7k |
| Robeco Institutional Asset Management B.V. 0.32% of their portfolio | 13.6m $227.0m | Added +1.2m |
| Nuveen, LLC 0.06% of their portfolio | 13.1m $219.2m | Reduced -217.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.13% of their portfolio | 12.8m $214.6m | Reduced -874.9k |
| Itau Unibanco Holding S.A. 5.17% of their portfolio | 12.6m $210.8m | Added +5.9m |
| TWO SIGMA INVESTMENTS, LP 0.31% of their portfolio | 12.5m $210.0m | Reduced -2.9m |
| MAVERICK CAPITAL LTD 2.11% of their portfolio | 11.7m $196.1m | Reduced -9.3m |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.75% of their portfolio | 11.6m $194.7m | Added +1.3m |
| MANNING & NAPIER ADVISORS LLC 2.49% of their portfolio | 11.4m $192.1m | Added +5.9m |
| TIGER GLOBAL MANAGEMENT LLC 0.62% of their portfolio | 11.0m $184.7m | Unchanged |
| Russell Investments Group, Ltd. 0.20% of their portfolio | 11.0m $184.1m | Added +1.5m |
| Whale Rock Capital Management LLC 2.30% of their portfolio | 10.8m $180.1m | Reduced -1.7m |
| WASHINGTON UNIVERSITY 89.43% of their portfolio | 10.6m $176.9m | Unchanged |
| SurgoCap Partners LP 4.88% of their portfolio | 10.5m $176.1m | Reduced -3.5m |
| Capital World Investors 0.02% of their portfolio | 10.4m $174.9m | Added +102.6k |
| Fisher Asset Management, LLC 0.06% of their portfolio | 10.2m $171.5m | Reduced -196.1k |
| WASATCH ADVISORS LP 1.02% of their portfolio | 10.2m $170.9m | Reduced -967.5k |
| BARCLAYS PLC 0.07% of their portfolio | 9.9m $165.0m | Reduced -1.9m |
| CITIGROUP INC 0.11% of their portfolio | 9.2m $154.8m | Added +714.8k |
| Palestra Capital Management LLC 5.47% of their portfolio | 9.2m $153.7m | Added +779.9k |
| SQUADRA INVESTMENTS - GESTAO DE RECURSOS LTDA. 31.66% of their portfolio | 9.1m $153.1m | Reduced -2.4m |
| UBS Group AG 0.03% of their portfolio | 9.0m $150.7m | Reduced -62.4k |
| Advent International, L.P. 3.12% of their portfolio | 9.0m $150.6m | Reduced -1.1m |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.46% of their portfolio | 8.4m $134.5m | Added +2.9m |
| Artisan Partners Limited Partnership 0.21% of their portfolio | 8.4m $140.0m | Reduced -2.1m |
| AXIOM INVESTORS LLC /DE 1.22% of their portfolio | 8.3m $139.3m | Added +1.0m |
| Capital International Investors 0.02% of their portfolio | 8.0m $134.0m | Added +75.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.32% of their portfolio | 8.0m $133.2m | Added +433.0k |
| Ninety One UK Ltd 0.28% of their portfolio | 7.9m $131.5m | Reduced -6.5m |
| Driehaus Capital Management LLC 0.88% of their portfolio | 7.7m $129.0m | Added +3.7m |
| SEI INVESTMENTS CO 0.13% of their portfolio | 7.7m $128.9m | Reduced -1.8m |
| Bank of New York Mellon Corp 0.02% of their portfolio | 7.7m $128.3m | Reduced -130.9k |
| Man Group plc 0.24% of their portfolio | 7.5m $126.1m | Added +1.6m |
| Swiss National Bank 0.07% of their portfolio | 7.4m $124.2m | Reduced -228.7k |
| Kora Management LP 16.20% of their portfolio | 7.3m $121.6m | Added +117.0k |
| AMERICAN CENTURY COMPANIES INC 0.06% of their portfolio | 7.2m $120.0m | Reduced -1.1m |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 6.9m $116.1m | Added +1.5m |
| Invesco Ltd. 0.01% of their portfolio | 6.9m $115.3m | Added +1.7m |
| Sands Capital Alternatives, LLC 22.15% of their portfolio | 6.9m $114.9m | Reduced -314.0k |
| Foxhaven Asset Management, LP 2.81% of their portfolio | 6.8m $114.1m | New |
| JANE STREET GROUP, LLC 0.13% of their portfolio | 6.7m $112.4m | Added +1.8m |
| BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio | 6.7m $111.5m | Reduced -1.8m |
| Polar Capital Holdings Plc 0.50% of their portfolio | 6.5m $108.4m | Added +216.0k |
| 1832 Asset Management L.P. 0.13% of their portfolio | 6.2m $104.6m | Added +640.8k |
| Focus Partners Wealth 0.12% of their portfolio | 6.2m $103.9m | Added +1.7m |
| Qube Research & Technologies Ltd 0.14% of their portfolio | 5.9m $98.9m | New |
| California Public Employees Retirement System 0.06% of their portfolio | 5.9m $98.8m | Added +143.9k |
| Avala Global LP 4.62% of their portfolio | 5.8m $96.5m | Added +954.6k |
| Sharp Capital Gestora de Recursos Ltda. 62.89% of their portfolio | 5.7m $95.7m | Added +761.4k |
| Candriam S.C.A. 0.48% of their portfolio | 5.7m $95.4m | Added +825.7k |
| Holocene Advisors, LP 0.20% of their portfolio | 5.5m $92.7m | Added +1.2m |
| Connor, Clark & Lunn Investment Management Ltd. 0.24% of their portfolio | 5.5m $92.6m | Added +3.1m |
| DANSKE BANK A/S 0.20% of their portfolio | 5.1m $85.0m | Added +4.2m |
| Dragoneer Investment Group, LLC 1.81% of their portfolio | 5.0m $82.9m | Unchanged |
| Carrhae Capital LLP 5.51% of their portfolio | 4.9m $82.7m | New |
| Pictet Asset Management Holding SA 0.08% of their portfolio | 4.7m $79.4m | Added +104.1k |
| Mawer Investment Management Ltd. 0.43% of their portfolio | 4.6m $76.8m | Added +3.9m |
| IEQ CAPITAL, LLC 0.23% of their portfolio | 4.6m $76.6m | Reduced -273.0k |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.16% of their portfolio | 4.5m $75.3m | Added +35.3k |
| OAKTREE CAPITAL MANAGEMENT LP 1.22% of their portfolio | 4.5m $75.0m | Reduced -39.7k |
| Amova Asset Management Americas, Inc. 0.86% of their portfolio | 4.5m $74.5m | Reduced -611.3k |