Ninety One North America 13F: Exits NU Stake

Ninety One North America has completely exited its position in Nu Holdings Ltd. (NU) as disclosed in a filing on October 15, 2026. The firm sold out of 2,437,460 shares, reducing its position by 100%. This move leaves Ninety One with no shares in the company.

Other Institutional Activity in Nu Holdings Ltd.

Blackrock Inc. grew its holdings by 15,092,453 shares, ending with 355,012,573 shares worth about $5.17 billion. Capital Research Global Investors added 14,298,022 shares, resulting in 142,761,832 shares valued at approximately $2.08 billion. Conversely, Baillie Gifford & Co. trimmed its stake by 16,643,751 shares, leaving it with 229,930,331 shares worth around $3.35 billion. Morgan Stanley cut its position by 23,666,962 shares, holding now 117,966,561 shares valued at about $1.72 billion. Lastly, JPMorgan Chase & Co. increased its stake by 8,563,561 shares, totaling 99,956,959 shares worth about $1.46 billion.

Nu Holdings Ltd. Stock Down 2.7%

Currently, Nu Holdings is trading around $14.52, which is above its 50-day moving average of $14.44 but below its 200-day average of $14.67. The stock is down about 23.5% from its 52-week high of $18.98 but is 29.6% above its 52-week low of $11.20. The average analyst price target for the stock is $18.77, indicating potential upside from its recent trading levels.

Recent Earnings

In its latest earnings report, Nu Holdings posted a trailing twelve-month revenue of approximately $8.44 billion, with a year-over-year revenue growth of 52.1%. The company's earnings per share (EPS) stood at $0.73. The next earnings report is scheduled for November 12, 2026.

Insider Buying and Selling at Nu Holdings Ltd.

Several insiders sold shares recently, including Officer Henrique Camossa Saldanha Fragelli, who sold 221,707 shares at an average price of $15.81 on August 14, 2026, totaling about $3.51 million. Officer Cristina Helena Zingaretti Junqueria sold shares on multiple occasions, including 50,000 shares at $15.80 for $790,000 on the same day and 25,000 shares at $15.01 for $375,362 on October 5, 2026.

Analysts Set New Price Targets

On October 6, 2026, JP Morgan maintained an Overweight rating for Nu Holdings with a price target of $23.00. Earlier, on September 28, Needham reiterated a Buy rating with a price target of $19.00. The consensus among analysts rates Nu Holdings as a 'buy', with a mean price target of $18.77 from 22 analysts.

About Nu Holdings Ltd.

Nu Holdings Ltd. operates a digital banking platform primarily in Brazil but also serves customers in Mexico, Colombia, the Cayman Islands, and the United States. The company's innovative approach to banking has been pivotal in its growth, indicated by significant revenue increases and a strong market presence.

Bottom Line

Investors should note that Ninety One North America's complete exit from Nu Holdings may signal a change in strategy. The next key date to watch is the earnings report on November 12, 2026. Keep in mind that this filing reflects holdings as of the reporting period and may not represent the investor's current position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.