What smart money is saying about Nu Holdings
8 funds in our archive have pitched Nu Holdings — most recently Sustainable Growth Advisers Emerging Markets Growth Strategy in June 2026.
Nu Holdings Ltd. provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides spending solutions comprising Nu credit and prepaid card, a digitally enabled card that acts as a credit and a prepaid card; Nubank+ Tier, an evolution of the Nu experience; Ultraviolet credit and prepaid card, a premium metal credit card; mobile payment solutions for NuAccount customers to make and receive transfers, pay bills, and make everyday purchases through their mobile phones; and Nu Shopping, an integrated marketplace that enables customers to purchase goods and services from various ecommerce retailers. It also offers transactional solutions, such as Nu Personal Accounts, a digital account solution for personal financial activities; Nu business accounts for entrepreneur customers and their businesses; and Nu business prepaid and credit card. In addition, it offers savings and investing solutions, including Money Boxes, a solution for goal-based investing; investing solutions, an attractive investment product with customized and conflict-free guidance; and NuCrypto, a solution for buying and selling cryptocurrencies through the Nu app. Further, the company provides borrowing solutions comprising personal unsecured and secured loans; Pix financing that enables credit card and digital account customers to make free and instant peer-to-peer transfers; Boleto financing, which enables credit card and digital account customers to make payments; purchase financing; cash-in financing; and NuPay to make online purchases and pay for services through Nu app. Additionally, it offers protection solutions, such as NuInsurance protection solutions, including life, mobile, auto, home, and financial protection insurance policies; and beyond financial services solutions, including NuTravel, a travel portal; and NuCel, a mobile phone service. Nu Holdings Ltd. was founded in 2013 and is headquartered in São Paulo, Brazil.
Get an email when a fund writes about it
Position history
Between Q4 2024 and Q3 2026, 15 fund letters reported a position in Nu Holdings — 9 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 2 | 0 | 0 |
| Q2 2026 | 13 | 7 | 0 | 2 |
| Q4 2025 | 0 | 0 | 0 | 2 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q2 2025 | 0 | 0 | 0 | 2 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Fund activity · 15 positions · 9 moves
- New positionLiontrust GF Global Alpha FundJuly 2026
“Portfolio changes The portfolio added three names in the financials sector: NU Holdings, Citigroup and Wells Fargo.”
Nu Holdings - New positionLiontrust Global Alpha FundJuly 2026
“Portfolio changes The portfolio added three names in the financials sector: NU Holdings, Citigroup and Wells Fargo. Financials look set to benefit from the ‘stronger for longer’ theme”
Nu Holdings - AddedVision Capital FundJune 2026
“We had strong inflows in early Q2 from our largest investors (us included) seeking to take advantage of buying opportunities. We deployed some of that new capital to 10 of our existing positions (in alphabetical order): Cloudflare (NET), MercadoLibre (MELI), Meta (META), Nu (NU), Palantir (PLTR), Pro Medicus (PME), Sea Limited (SE), ServiceNow (NOW), Shopify (SHOP), and Zscaler (ZS).”
Nu Holdings - HoldsACATIS InvestmentJune 2026
“In May, the fund delivered a +1.0% return in a divided market environment: while the AI supercycle boosted the technology sector, interest rate pressure and macroeconomic uncertainties weighed on defensive sectors. The biggest winners were ASML (+13.3%), Microsoft (+11.0%) and Salesforce (+8.8%), all of which benefited from strong AI-driven demand. The good performance of software stocks in particular shows that there is still potential for a revaluation. Zoetis (-32.1%) recorded the sharpest decline, where regulatory concerns about side effects of high-selling osteoarthritis drugs and subdued demand dynamics signi- ficantly shook investor confidence. Nu Holdings (-8.8%) and Pepsi Co (-8.5%) suffered from interest rate pressure and margin problems respectively.”
Nu Holdings - June 2026
“Nu Holdings (-8.8%) and Pepsi Co (-8.5%) suffered from interest rate pressure and margin problems respectively.”
Nu Holdings - June 2026
Listed in Coronation Global Managed Strategy’s reported holdings.
Nu Holdings - June 2026
“Nu Holdings, a top 5 position in the portfolio for the last three years, is a leading digital financial services platform in Latin America.”
Nu Holdings - June 2026
“We added to several of our existing positions during the quarter, including JSW Energy Limited , Grupo Mexico, S.A.B. de C.V. , SK hynix Inc. , Alibaba Group Holding Limited , Nu Holdings Ltd. , Power Grid Corporation of India Limited , Contemporary Amperex Technology Co., Limited , d'Alba Global Co., Ltd. , and Pony AI Inc.”
Nu Holdings - June 2026
“A similar line of thinking could apply to other core investments including Tencent, MercadoLibre, Nubank, Grab, Adyen, MakeMyTrip, Eternal, and Paytm, all of which have declined (in some cases significantly) YTD.”
Nu Holdings - June 2026
“▪ New positions in Nu Bank and Disco were initiated; positions in Tencent Music, MakeMyTrip, Bank of Central Asia, and Tata Consultancy Services were sold due to forced attrition.”
Nu Holdings - June 2026
“The market’s reaction as an attractive opportunity to increase our position, taking advantage of the pullback in the share price.”
Nu Holdings - June 2026
“Shares of Nu Holdings Ltd. underperformed during the quarter, declining 7.1% following a weaker-than-expected 1Q26 earnings release. Provisions exceeded expectations by 37%, resulting in a 7% earnings miss and raising investor concerns about the near- term outlook for credit costs and profitability. The unexpected departure of the CFO also weighed on sentiment. Concerns were further compounded by management’s ambitions in the U.S., where the competitive landscape is materially more mature and the long-term returns on incremental investment remain less certain. That said, the CEO subsequently outlined a more measured approach to U.S. expansion (limiting investment to 1% of revenues over 2026-2027) and capital deployment, which provided us with greater comfort regarding execution and resource allocation. We viewed the market’s reaction as an attractive opportunity to increase our position, taking advantage of the pullback in the share price.”
Nu Holdings - June 2026
“We added to several of our existing positions during the quarter, including JSW Energy Limited, Grupo Mexico, S.A.B. de C.V., SK hynix Inc., Alibaba Group Holding Limited, Nu Holdings Ltd., Power Grid Corporation of India Limited, Contemporary Amperex Technology Co., Limited, d'Alba Global Co., Ltd., and Pony AI Inc.”
Nu Holdings - June 2026
Listed in Coronation Global Emerging Markets Equity Strategy’s reported holdings.
Nu Holdings - June 2026
Listed in Coronation Global Equity Strategy’s reported holdings.
Nu Holdings
Also mentioned · 1
These funds discuss Nu Holdings — as a competitor, benchmark or comparable — without disclosing a position in it.
- May 2026
“Nubank: A snowball on a long, wet hill 17 ▪ Lowest unit-cost bank – and very high ROE’s & customers LOVE it ▪ Powerful ‘Scale Economy Shared’ model in sleepy banking sector ▪ A perfect SNC.”
Nu Holdings
Fund coverage · 8 theses
Nu Holdings is a digital banking platform with structurally lower costs, strong customer engagement, and a long runway for market share gains and growth.
Read the full thesisNu Holdings is a leading digital financial services platform with a low-cost model, prudent risk management, rapid growth, exceptional profitability, strong management, and attractive long-term compounding potential.
Read the full thesis- Infuse AMDecember 2025
Nu Holdings is evolving into a super app with replicable expansion beyond Brazil, leveraging a lean cost structure and proven lending algorithms to potentially become a global banking leader.
Read the full thesis - White Falcon Capital ManagementDecember 2025
Nu Holdings is a fast-growing, high-ROE, tech-enabled financial services company expanding across Latin America while trading at a reasonable multiple.
Read the full thesis - Sands Capital International GrowthJuly 2025
Nu Holdings is a digital financial services platform, Nubank, that leverages its competitive advantages to disrupt the underbanked Latin American market, targeting customer acquisition and monetization for growth.
Read the full thesis - Holland AdvisorsJune 2025
Nu Holdings is a disruptive force in consumer banking, leveraging low unit costs and relentless customer focus to offer superior services and challenge traditional banks globally.
Read the full thesis - Baron Global Advantage FundJune 2025
Nu Holdings Ltd. is a rapidly growing digital bank in Latin America, disrupting traditional banking with a tech-first platform, a strong brand, and significant growth potential in underserved markets.
Read the full thesis - Polen Emerging Markets GrowthDecember 2024
**Nu Holdings** is the largest online neo-bank globally, with a strong presence in Brazil and Mexico, boasting 100 million and 10 million users respectively, and is expected to deliver attractive revenues and profits in the coming years.
Read the full thesis
Read every full thesis on Nu Holdings
Unlock all 8 theses — the full reasoning behind what funds are buying, plus unlimited access to the entire archive.
View plans→