L3VLUP
Quarter end
30 Jun 2025
the date the book describes
Filed
14 Aug 2025
latest of these filings; the earliest 30 Jul 2025
Managers listing it
32
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q1 2025 and Q2 2025; 19 listed it in both
Shares listed
830,090,222
combined, among listed positions
Reported value
$11.4bn
combined, at the quarter end

Among the 95 comparable managers: 20 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 Q2 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q1 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

32 of 32 holders

ActionFiling
Baillie Gifford & Co260,981,788$3.6bn2.67%Trimmed-4,178,6866 Aug 2025 (the filing on sec.gov)
Capital Research Global Investors194,880,670$2.7bn0.54%Trimmed-69,177,78413 Aug 2025 (the filing on sec.gov)
Fidelity (FMR LLC)64,816,042$889m0.05%Added+6,106,91314 Aug 2025 (the filing on sec.gov)
Coatue Management LLC48,442,699$665m1.85%Trimmed-7,349,29814 Aug 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc32,137,792$441munder 0.1%Trimmed-22,297,77614 Aug 2025 (the filing on sec.gov)
D1 Capital Partners LP24,132,933$331m4.60%Added+14,329,93314 Aug 2025 (the filing on sec.gov)
Maverick Capital Ltd21,737,851$298m4.48%Added+5,043,94114 Aug 2025 (the filing on sec.gov)
Whale Rock Capital Management LLC17,840,345$245m3.40%Trimmed-6,620,82514 Aug 2025 (the filing on sec.gov)
Renaissance Technologies LLC16,712,113$229m0.31%Added+12,214,81313 Aug 2025 (the filing on sec.gov)
Marshall Wace LLP14,691,671$202m0.23%Added+7,569,23313 Aug 2025 (the filing on sec.gov)
Artisan Partners LP14,339,833$197m0.29%Trimmed-1,811,82312 Aug 2025 (the filing on sec.gov)
Citadel Advisors LLC13,723,376$188munder 0.1%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Jane Street Group LLC13,685,836$188munder 0.1%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Millennium Management LLC12,891,572$177m0.09%Newnew14 Aug 2025 (the filing on sec.gov)
Tiger Global Management LLC11,032,555$151m0.44%Held014 Aug 2025 (the filing on sec.gov)
Capital World Investors10,227,391$140munder 0.1%Added+83,34913 Aug 2025 (the filing on sec.gov)
Dragoneer Investment Group LLC9,908,598$136m2.77%Held014 Aug 2025 (the filing on sec.gov)
Two Sigma Investments LP7,159,397$98m0.17%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Balyasny Asset Management LLC6,580,243$90m0.14%Newnew14 Aug 2025 (the filing on sec.gov)
AllianceBernstein LP6,482,267$89munder 0.1%Trimmed-6,335,50214 Aug 2025 (the filing on sec.gov)
D. E. Shaw & Co.5,237,973$72m0.05%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Arrowstreet Capital LP4,886,866$67munder 0.1%Trimmed-4,227,01213 Aug 2025 (the filing on sec.gov)
Holocene Advisors LP4,300,000$59m0.14%Newnew14 Aug 2025 (the filing on sec.gov)
Man Group PLC2,692,460$37m0.07%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Polen Capital Management LLC2,486,803$34m0.10%Trimmed-482,97813 Aug 2025 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q1 2025 to Q2 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 →