L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
5 Nov 2026
latest of these filings; the earliest 7 May 2025
Managers listing it
21
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 19 listed it in both
Shares listed
842,217,758
combined, among listed positions
Reported value
$8.6bn
combined, at the quarter end

Among the 95 comparable managers: 11 buyers (opened or added shares) and 11 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing NU in Q1 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2024, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

21 of 21 holders

ActionFiling
Baillie Gifford & Co265,160,474$2.7bn2.37%Added+40,181,1327 May 2025 (the filing on sec.gov)
Capital Research Global Investors264,058,454$2.7bn0.59%Added+25,183,68012 May 2025 (the filing on sec.gov)
Fidelity (FMR LLC)58,709,129$601munder 0.1%Trimmed-2,304,3345 Nov 2026 (the filing on sec.gov)
Coatue Management LLC55,791,997$571m2.52%Trimmed-23,977,23315 May 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc54,435,568$557m0.07%Added+10,785,85114 May 2025 (the filing on sec.gov)
Whale Rock Capital Management LLC24,461,170$250m4.35%Added+2,376,37615 May 2025 (the filing on sec.gov)
Maverick Capital Ltd16,693,910$171m3.02%Added+4,399,64415 May 2025 (the filing on sec.gov)
Artisan Partners LP16,151,656$165m0.27%Trimmed-17,215,34314 May 2025 (the filing on sec.gov)
AllianceBernstein LP12,817,769$131munder 0.1%Trimmed-5,252,73915 May 2025 (the filing on sec.gov)
Tiger Global Management LLC11,032,555$113m0.42%Added+2,153,69615 May 2025 (the filing on sec.gov)
Capital World Investors10,144,042$104munder 0.1%Added+160,82212 May 2025 (the filing on sec.gov)
Dragoneer Investment Group LLC9,908,598$101m2.13%Held015 May 2025 (the filing on sec.gov)
D1 Capital Partners LP9,803,000$100m1.54%Trimmed-5,082,00015 May 2025 (the filing on sec.gov)
Arrowstreet Capital LP9,113,878$93m0.08%Trimmed-8,995,30614 May 2025 (the filing on sec.gov)
Marshall Wace LLP7,122,438$73m0.09%Added+4,098,75115 May 2025 (the filing on sec.gov)
Renaissance Technologies LLC4,497,300$46m0.07%Trimmed-5,717,35114 May 2025 (the filing on sec.gov)
Neuberger Berman Group LLC3,775,331$39munder 0.1%Trimmed-665,60327 Oct 2026 (the filing on sec.gov)
ValueAct Holdings LP3,416,200$35m0.76%Newnew15 May 2025 (the filing on sec.gov)
Polen Capital Management LLC2,969,781$30m0.10%Added+726,31012 May 2025 (the filing on sec.gov)
ARK Investment Management LLC1,273,658$13m0.13%Trimmed-812,8607 May 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP880,850$9.0m0.09%Newnew14 May 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q4 2024 to Q1 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 →