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dLocal Ltd

DLO
Exchange
Nasdaq
Industry
Services-Business Services, NEC
SEC CIK
0001846832

In the last 90 days, dLocal Ltd insiders filed 0 open-market purchases and 3 sales; 164 institutions reported holding it in 13F filings for Q2 2026, worth $1.53B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in dLocal Ltd as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
153
+12 vs. Q3 2025
Shares held
99.1M
+3.18M (+3.3%) vs. Q3 2025
Total value
$1.40B
+$31.4M (+2.3%) vs. Q3 2025
New holders
38
52 more added
Sold out
26
44 more reduced

6 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting DLO on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 153 institutions
Q1 2021: 0 institutionsQ2 2021: 83 institutionsQ3 2021: 121 institutionsQ4 2021: 119 institutionsQ1 2022: 124 institutionsQ2 2022: 128 institutionsQ3 2022: 143 institutionsQ4 2022: 111 institutionsQ1 2023: 97 institutionsQ2 2023: 111 institutionsQ3 2023: 109 institutionsQ4 2023: 124 institutionsQ1 2024: 115 institutionsQ2 2024: 111 institutionsQ3 2024: 106 institutionsQ4 2024: 107 institutionsQ1 2025: 96 institutionsQ2 2025: 121 institutionsQ3 2025: 147 institutionsQ4 2025: 153 institutionsQ1 2026: 155 institutionsQ2 2026: 164 institutions
Value heldQ4 2025: $1.40B
Q1 2021: $0Q2 2021: $5.13BQ3 2021: $5.84BQ4 2021: $4.74BQ1 2022: $4.12BQ2 2022: $3.71BQ3 2022: $2.87BQ4 2022: $2.04BQ1 2023: $2.01BQ2 2023: $1.50BQ3 2023: $2.33BQ4 2023: $2.25BQ1 2024: $1.82BQ2 2024: $918.4MQ3 2024: $836.2MQ4 2024: $1.17BQ1 2025: $778.5MQ2 2025: $1.16BQ3 2025: $1.38BQ4 2025: $1.40BQ1 2026: $1.42BQ2 2026: $1.53B
Institutions holding DLO and their total value by quarter
QuarterHoldersValue
Q2 2026164$1.53B
Q1 2026155$1.42B
Q4 2025153$1.40B
Q3 2025147$1.38B
Q2 2025121$1.16B
Q1 202596$778.5M
Q4 2024107$1.17B
Q3 2024106$836.2M
Q2 2024111$918.4M
Q1 2024115$1.82B
Q4 2023124$2.25B
Q3 2023109$2.33B
Q2 2023111$1.50B
Q1 202397$2.01B
Q4 2022111$2.04B
Q3 2022143$2.87B
Q2 2022128$3.71B
Q1 2022124$4.12B
Q4 2021119$4.74B
Q3 2021121$5.84B
Q2 202183$5.13B
Q1 20210$0

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding dLocal Ltd; share changes are against Q3 2025.

Institutions holding DLO in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
General Atlantic LLC46,656,695$659.7M22.97%00.0%Unchanged
Bank of America Corp4,059,822$57.4M0.00%−1,137,410−21.9%Reduced
Cria, Inc.4,000,000$56.6M33.72%+4,000,000New
Ribbit Management Company, LLC3,891,900$55.0M2.73%00.0%Unchanged
Marshall Wace, LLP3,662,772$51.8M0.05%+582,718+18.9%Added
Baillie Gifford & Co2,996,660$42.4M0.04%+326,537+12.2%Added
Morgan Stanley2,080,513$29.4M0.00%+99,790+5.0%Added
D. E. Shaw & Co., Inc.1,969,248$27.8M0.02%+249,146+14.5%Added
Paradice Investment Management LLC1,943,360$27.5M5.35%+938,938+93.5%Added
Atmos Capital Gestao de Recursos Ltda.1,913,998$27.1M4.10%+1,913,998New
Fourth Sail Capital LP1,823,873$25.8M4.14%+645,873+54.8%Added
Two Sigma Investments, LP1,651,651$23.4M0.03%−80,489−4.6%Reduced
Azora Capital LP1,547,965$21.9M1.38%+1,547,965New
Jain Global LLC1,491,172$21.1M0.21%+1,491,172New
Tikvah Management LLC1,248,322$17.7M4.72%00.0%Unchanged
Renaissance Technologies LLC1,174,900$16.6M0.03%−84,000−6.7%Reduced
Ameriprise Financial Inc1,167,039$16.5M0.00%+19,263+1.7%Added
Summit Trail Advisors, LLC940,820$13.3M0.23%00.0%Unchanged
Bond Capital Management, LP927,500$13.1M11.17%00.0%Unchanged
TB Capital Gestao de Recursos Ltda.923,768$13.1M7.79%+198,055+27.3%Added
Alkeon Capital Management LLC823,837$11.6M0.05%00.0%Unchanged
Jane Street Group, LLC609,079$8.61M0.01%−1,176,624−65.9%Reduced
HRT Financial LP593,248$8.39M0.03%−256,667−30.2%Reduced
BNP Paribas Arbitrage, SA592,833$8.38M0.01%+93,110+18.6%Added
Tudor Investment Corp Et Al584,519$8.27M0.05%+37,066+6.8%Added
Holocene Advisors, LP533,073$7.54M0.02%−816,292−60.5%Reduced
Lane Generational LLC507,257$7.17M6.50%+1,811+0.4%Added
Proem Advisors LLC500,000$7.07M2.39%−75,000−13.0%Reduced
Trexquant Investment LP476,187$6.73M0.06%+219,238+85.3%Added
Polen Capital Management LLC466,809$6.60M0.03%−232,570−33.3%Reduced
Citadel Advisors LLC402,887$5.70M0.00%−1,397,857−77.6%Reduced
UBS Group AG380,637$5.38M0.00%+81,503+27.2%Added
Two Sigma Advisers, LP330,500$4.67M0.01%+43,200+15.0%Added
JPMorgan Chase & Co304,984$4.31M0.00%+31,584+11.6%Added
Susquehanna International Group, LLP269,439$3.81M0.01%−20,814−7.2%Reduced
Mirabella Financial Services LLP251,386$3.55M0.34%+100,044+66.1%Added
Qube Research & Technologies Ltd235,671$3.33M0.00%+80,583+52.0%Added
Hussman Strategic Advisors, Inc.210,000$2.97M0.72%+210,000New
Schwartz Investment Counsel Inc207,200$2.93M0.10%00.0%Unchanged
Seven Grand Managers, LLC200,000$2.83M0.22%00.0%Unchanged
J. Goldman & Co LP196,000$2.77M0.11%−305,800−60.9%Reduced
Main Management ETF Advisors, LLC179,307$2.54M0.09%+1,832+1.0%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.174,661$2.47M0.00%+174,661New
State Street Corp171,431$2.42M0.00%+5,035+3.0%Added
Maxi Investments CY Ltd167,000$2.36M0.43%+80,000+92.0%Added
Goldman Sachs Group Inc158,896$2.25M0.00%−146,496−48.0%Reduced
Geode Capital Management, LLC154,038$2.18M0.00%+3,940+2.6%Added
Penserra Capital Management LLC146,507$2.07M0.02%+35,109+31.5%Added
PEAK6 LLC143,522$2.03M0.06%+32,275+29.0%Added
Voloridge Investment Management, LLC139,996$1.98M0.01%−111,719−44.4%Reduced
Walleye Capital LLC126,104$1.78M0.01%−207,573−62.2%Reduced
IMC-Chicago, LLC113,373$1.60M0.03%+22,881+25.3%Added
Quantbot Technologies LP100,323$1.42M0.05%−128,116−56.1%Reduced
Ghisallo Capital Management LLC100,000$1.41M0.06%−150,000−60.0%Reduced
Vanguard Group Inc96,994$1.37M0.00%+27,146+38.9%Added
Mirae Asset Global ETFs Holdings Ltd.90,081$1.27M0.00%−4,474−4.7%Reduced
Group One Trading, L.P.85,794$1.21M0.04%−130,562−60.3%Reduced
Point72 Asset Management, L.P.82,981$1.17M0.00%−740,319−89.9%Reduced
Fieldview Capital Management, LLC81,954$1.16M0.20%+12,676+18.3%Added
Capital World Investors79,954$1.13M0.00%+653+0.8%Added
Eddie Patel Inc79,246$1.12M0.84%+79,246New
PDT Partners, LLC78,400$1.11M0.07%−76,034−49.2%Reduced
FirstWave Capital Management LLC73,572$1.04M0.62%+73,572New
Point Nemo Capital, LLC67,434$953.5K0.94%+67,434New
Raymond James Financial Inc66,535$940.8K0.00%−30,452−31.4%Reduced
Millennium Management LLC65,348$924.0K0.00%−1,254,262−95.0%Reduced
Yorktown Management & Research Co Inc60,700$858.3K0.69%+19,200+46.3%Added
Corsair Capital Management, L.P.60,015$848.6K0.14%+150.0%Added
Balyasny Asset Management LLC55,721$787.9K0.00%−570,812−91.1%Reduced
Squarepoint Ops LLC54,448$769.9K0.00%−112,282−67.3%Reduced
Y-Intercept (Hong Kong) Ltd53,574$757.5K0.02%+53,574New
Headlands Technologies LLC51,102$722.6K0.06%+20,096+64.8%Added
State of Wyoming48,103$680.2K0.07%+17,640+57.9%Added
Empirical Finance, LLC46,177$652.9K0.03%+46,177New
Exchange Traded Concepts, LLC40,895$578.3K0.00%+40,895New
RBF Capital, LLC40,000$565.6K0.03%−14,000−25.9%Reduced
BlackRock, Inc.38,377$542.7K0.00%−3,783−9.0%Reduced
Schonfeld Strategic Advisors LLC37,957$536.7K0.00%−1,444−3.7%Reduced
Winton Group Ltd37,843$535.1K0.02%−18,557−32.9%Reduced
Dodge & Cox36,700$518.9K0.00%00.0%Unchanged
Counterpoint Mutual Funds LLC35,560$502.8K0.04%+35,560New
Wiley Bros.-Aintree Capital, LLC35,047$494.2K0.00%+202+0.6%Added
Aquatic Capital Management LLC34,719$490.9K0.01%−6,225−15.2%Reduced
Elm Partners Management LLC32,000$452.5K0.02%+32,000New
Invesco Ltd.31,859$450.5K0.00%+471+1.5%Added
Advisor Group Holdings, Inc.30,064$425.1K0.00%+15,951+113.0%Added
HighTower Advisors, LLC29,353$415.1K0.00%+9,043+44.5%Added
Citigroup Inc28,129$397.7K0.00%+14,594+107.8%Added
Gsa Capital Partners LLP27,487$389.0K0.03%+27,487New
SummitTX Capital, L.P.27,334$386.5K0.01%+27,334New
Vident Advisory, LLC25,943$366.8K0.00%+2,142+9.0%Added
Wellington-Altus USA Inc.22,565$319.1K0.24%+22,565New
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.22,506$316.7K0.00%−2,287−9.2%Reduced
Barclays PLC21,803$308.3K0.00%+21,732+30,608.5%Added
Verition Fund Management LLC20,952$296.3K0.00%−4,578−17.9%Reduced
Krane Funds Advisors LLC20,367$288.0K0.01%−476−2.3%Reduced
Legal & General Group Plc20,360$287.9K0.00%+2,424+13.5%Added
Mariner, LLC20,285$286.8K0.00%+3,200+18.7%Added
Sunbelt Securities, Inc.20,150$284.9K0.02%+500+2.5%Added
Fox Run Management, L.L.C.20,099$284.2K0.04%−11,978−37.3%Reduced