Assenagon Asset Management S.A. 13F: Adds $271M to NU Stake

Assenagon Asset Management disclosed a larger position in Nu Holdings Ltd. NU in a filing on October 15, 2026, reflecting portfolio adjustments from the reported quarter.

What Changed in Assenagon Asset Management's Nu Holdings Position

The fund lifted its stake in Nu Holdings by 126.9%, buying 21,405,374 shares during the period. That brought its total holdings to 38,263,897 shares. The reported value of the stake reached $484.4 million. Because 13F filings look backward at the previous quarter, this update shows positioning up to that date and might not match the firm's exact current holdings.

Other Institutional Activity in Nu Holdings

Other large investors adjusted their holdings in Nu Holdings around the same period. Blackrock Inc. grew its holdings by 15,092,453 shares, ending with 355,012,573 shares worth about $5.2 billion. BAILLIE GIFFORD & CO reduced its holdings by 16,643,751 shares, ending with 229,930,331 shares worth about $3.48 billion. Capital Research Global Investors grew its holdings by 14,298,022 shares, ending with 142,761,832 shares worth about $2.08 billion. Morgan Stanley reduced its holdings by 23,666,962 shares, ending with 117,966,561 shares worth about $1.72 billion. JPMORGAN CHASE & CO grew its holdings by 8,563,561 shares, ending with 99,956,959 shares worth about $1.46 billion.

Nu Holdings Ltd. Stock Down 2.7%

Nu Holdings shares recently traded around $14.52, putting them slightly above their 50-day moving average of $14.44. The stock trades about 23.5% below its 52-week high of $18.98 and sits roughly 29.6% above its 52-week low of $11.20. The current price is also about 22.7% below the average analyst price target of $18.77.

Recent Earnings

Nu Holdings reported trailing-twelve-month revenue of $8.44 billion alongside basic earnings of $0.73 per share. The company posted a net margin of 42.7% and a return on equity of 31.6%. The company's next earnings update is scheduled for November 12, 2026.

Dividend

Nu Holdings does not currently pay a dividend, maintaining a payout ratio of 0.0%.

Insider Buying and Selling at Nu Holdings Ltd.

Company insiders executed several transactions prior to the filing. Officer Henrique Camossa Saldanha Fragelli sold 221,707 shares on August 14, 2026, at an average price of $15.81 for a total of $3.5 million. Officer Cristina Helena Zingaretti Junqueria sold 50,000 shares on August 14, 2026, at $15.80 per share, totaling $790,000. Junqueria later sold 90,000 shares on August 25, 2026, valued at $1.33 million, and another 25,000 shares on October 5, 2026, at $15.01 per share for a total of $375,362. Insider sales do not necessarily indicate a negative outlook from management.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On August 25, 2026, Wolfe Research maintained an Outperform rating while lowering its target from $18.00 to $17.00. Needham reiterated a Buy rating with a $19.00 target on September 11, 2026, and again on September 28, 2026. Itau BBA downgraded the stock to Market Perform on September 16, 2026, cutting its target from $20.00 to $18.00. JP Morgan maintained an Overweight rating on October 6, 2026, raising its target from $20.00 to $23.00. Overall, the stock holds a consensus buy rating from 22 analysts, with a mean price target of $18.77.

About Nu Holdings

Nu Holdings operates a digital banking platform serving customers across Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides fee-free digital accounts, credit cards, and financial services to millions of underbanked consumers in Latin America. Institutional interest from firms like Assenagon highlights the continued scale of its user growth across the region.

Bottom Line

Investors tracking Nu Holdings should monitor the upcoming earnings release on November 12, 2026, for updates on user growth and profit margins across its regional markets. Institutional filings provide a useful look at past ownership trends, though they may not reflect current day-to-day portfolio weightings. 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.