L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
47
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 32 listed it in both
Shares listed
844,386,033
combined, among listed positions
Reported value
$14.1bn
combined, at the quarter end

Among the 92 comparable managers: 23 buyers (opened or added shares) and 23 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -2,673,137.

Managers listing NU 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.

47 of 47 holders

ActionFiling
Baillie Gifford & Co257,256,952$4.3bn3.58%Added+5,797,36523 Jan 2026 (the filing on sec.gov)
Capital Research Global Investors164,099,198$2.7bn0.51%Trimmed-20,507,94211 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)69,147,615$1.2bn0.06%Added+4,977,57817 Feb 2026 (the filing on sec.gov)
Coatue Management LLC45,750,363$766m1.92%Trimmed-1,548,41215 May 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc42,602,086$713m0.08%Added+4,215,82417 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP31,476,485$527m0.48%Added+2,334,98013 Feb 2026 (the filing on sec.gov)
Lone Pine Capital LLC29,630,237$496m3.64%Added+4,223,78817 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP28,310,084$474m0.28%Added+9,893,94013 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC22,735,260$381m0.59%Added+6,694,88912 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP16,269,800$272m0.53%Added+3,523,80017 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP12,542,124$210m0.30%Trimmed-2,882,74817 Feb 2026 (the filing on sec.gov)
Maverick Capital Ltd11,714,564$196m2.10%Trimmed-9,276,09213 Feb 2026 (the filing on sec.gov)
Tiger Global Management LLC11,032,555$185m0.62%Held017 Feb 2026 (the filing on sec.gov)
Whale Rock Capital Management LLC10,755,918$180m2.30%Trimmed-1,662,74117 Feb 2026 (the filing on sec.gov)
Capital World Investors10,448,217$175munder 0.1%Added+102,63711 Feb 2026 (the filing on sec.gov)
Artisan Partners LP8,361,955$140m0.21%Trimmed-2,093,91717 Feb 2026 (the filing on sec.gov)
Man Group PLC7,529,936$126m0.21%Added+1,624,14217 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP6,937,660$116munder 0.1%Added+1,459,69417 Feb 2026 (the filing on sec.gov)
Invesco Ltd6,889,699$115munder 0.1%Added+1,733,53019 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC6,714,815$112munder 0.1%Added+1,790,35312 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP5,538,560$93m0.19%Added+1,238,56017 Feb 2026 (the filing on sec.gov)
Dragoneer Investment Group LLC4,954,299$83m1.81%Held017 Feb 2026 (the filing on sec.gov)
Oaktree Capital Management LP4,479,175$75m1.07%Trimmed-39,70917 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC3,485,387$58m0.21%Newnew17 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP3,189,175$53m0.06%Added+2,564,84517 Feb 2026 (the filing on sec.gov)
Page 1 of 2

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.

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.
21 in Q3 2024 to 23 in Q2 2026

Tracked managers listing it, at least.

01020304020222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
NU by quarter
QuarterHoldersReported valueBuyersSellers
Q4 202110$5.1bnn.a.n.a.
Q1 20229$4.2bnn.a.n.a.
Q2 20229$1.6bnn.a.n.a.
Q3 202212$1.8bnn.a.n.a.
Q4 202214$2.4bnn.a.n.a.
Q1 202315$2.9bnn.a.n.a.
Q2 202322$5.4bnn.a.n.a.
Q3 202325$6.2bnn.a.n.a.
Q4 202327$7.0bn1115
Q1 202429$11.6bn1415
Q2 202430$13.2bn1216
Q3 202421$12.2bn914
Q4 202425$9.0bn1212
Q1 202521$8.6bn1111
Q2 202532$11.4bn2011
Q3 202533$13.2bn1713
Q4 202533$13.7bn2323
Q1 202626$10.3bn2125
Q2 202623$9.8bn1825

Compare with…

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

NU and V →NU and AXP →NU and BAC →Choose a stock to compare with NU →

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 NU, latest filings →Back to the 13F Explorer →