L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
19 Feb 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
26
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 8 listed it in both
Shares listed
15,600,123
combined, among listed positions
Reported value
$221m
combined, at the quarter end

Among the 92 comparable managers: 7 buyers (opened or added shares) and 18 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -5,794,551.

Managers listing DLO in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

26 of 26 holders

ActionFiling
Marshall Wace LLP3,662,772$52munder 0.1%Added+582,71813 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co2,996,660$42munder 0.1%Added+326,53723 Jan 2026 (the filing on sec.gov)
D. E. Shaw & Co.1,969,248$28munder 0.1%Added+249,14617 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP1,651,651$23munder 0.1%Trimmed-80,48917 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,174,900$17munder 0.1%Trimmed-84,00012 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC609,079$8.6munder 0.1%Trimmed-1,176,62412 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp584,519$8.3munder 0.1%Added+37,06617 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP533,073$7.5munder 0.1%Trimmed-816,29217 Feb 2026 (the filing on sec.gov)
Polen Capital Management LLC466,809$6.6munder 0.1%Trimmed-232,57012 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC402,887$5.7munder 0.1%Trimmed-1,397,85717 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP330,500$4.7munder 0.1%Added+43,20017 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP269,439$3.8munder 0.1%Trimmed-20,81417 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC139,996$2.0munder 0.1%Trimmed-111,71917 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC126,104$1.8munder 0.1%Trimmed-207,57313 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP100,323$1.4munder 0.1%Trimmed-128,11610 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP82,981$1.2munder 0.1%Trimmed-740,31917 Feb 2026 (the filing on sec.gov)
Capital World Investors79,954$1.1munder 0.1%Added+65311 Feb 2026 (the filing on sec.gov)
PDT Partners LLC78,400$1.1m0.07%Trimmed-76,03417 Feb 2026 (the filing on sec.gov)
Millennium Management LLC65,348$924kunder 0.1%Trimmed-1,254,26217 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC55,721$788kunder 0.1%Trimmed-570,81217 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC54,448$770kunder 0.1%Trimmed-112,28213 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC37,957$537kunder 0.1%Trimmed-1,44417 Feb 2026 (the filing on sec.gov)
Winton Group Ltd37,843$535kunder 0.1%Trimmed-18,55711 Feb 2026 (the filing on sec.gov)
Dodge & Cox36,700$519kunder 0.1%Held013 Feb 2026 (the filing on sec.gov)
Invesco Ltd31,859$450kunder 0.1%Added+47119 Feb 2026 (the filing on sec.gov)
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Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (0)

No new position among listed positions.

Exited (0)

No exit shown by a manager’s own filing.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
5 in Q3 2024 to 5 in Q2 2026

Tracked managers listing it, at least.

05101520222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
DLO by quarter
QuarterHoldersReported valueBuyersSellers
Q2 202112$436mn.a.n.a.
Q3 20216$364mn.a.n.a.
Q4 20214$428mn.a.n.a.
Q1 20225$266mn.a.n.a.
Q2 20223$197mn.a.n.a.
Q3 20225$240mn.a.n.a.
Q4 20226$214mn.a.n.a.
Q1 20235$222mn.a.n.a.
Q2 20236$104mn.a.n.a.
Q3 20238$157mn.a.n.a.
Q4 20237$143m51
Q1 20245$103m41
Q2 20245$36m24
Q3 20245$33m31
Q4 20246$64m23
Q1 20255$35m13
Q2 20256$78m24
Q3 20258$118m52
Q4 20256$110m718
Q1 20265$114m917
Q2 20265$43m817

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

DLO and V →DLO and MA →DLO and MCO →Choose a stock to compare with DLO →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own DLO, latest filings →Back to the 13F Explorer →