Ninety One UK 13F: Cuts NU Stake by $112M

Ninety One UK has reduced its position in Nu Holdings Ltd. (NYSE: NU) by 8,859,506 shares, a 62.6% decrease, according to its latest Form 13F filing on October 15, 2026. The fund now holds about 5,287,386 shares, valued at approximately $66.9 million. This move reflects a significant adjustment in the fund's portfolio regarding its investment in Nu Holdings.

What Changed in Ninety One UK's Nu Holdings Position

With this cut, Ninety One UK has decreased its holdings in Nu Holdings from 14,146,892 shares to 5,287,386 shares. The fund's reduction indicates a shift in strategy or confidence regarding the company's future prospects.

Other Institutional Activity in Nu Holdings

Several other institutional investors have also adjusted their stakes in Nu Holdings recently. BlackRock Inc. grew its holdings by 15,092,453 shares, bringing its total to 355,012,573 shares valued at about $5.17 billion. In contrast, Baillie Gifford & Co reduced its stake by 16,643,751 shares, now holding 229,930,331 shares worth around $3.35 billion. Capital Research Global Investors added 14,298,022 shares, ending with 142,761,832 shares valued at about $2.08 billion. Morgan Stanley decreased its holdings by 23,666,962 shares, bringing its total to 117,966,561 shares worth approximately $1.72 billion, while JPMorgan Chase & Co increased its stake by 8,563,561 shares to 99,956,959 shares valued at about $1.46 billion.

Nu Holdings Ltd. Stock Down 2.7%

Nu Holdings recently traded around $14.52 as of October 16, 2026, which is about 22.7% below the analysts' average target price of $18.77. The stock is above its 50-day moving average of $14.44 but below its 200-day moving average of $14.67. Additionally, the shares are about 23.5% below their 52-week high of $18.98, while being 29.6% above their 52-week low of $11.20.

Recent Earnings

Nu Holdings reported trailing twelve-month revenue of approximately $8.44 billion, with a year-over-year growth of 52.1%. The company's net margin stands at 42.7%, and return on equity is at 31.6%. Investors can expect to hear more about its financial performance when the next earnings report is released on November 12, 2026.

Insider Buying and Selling at Nu Holdings Ltd.

Recent insider selling at Nu Holdings includes several transactions by officers. Henrique Camossa Saldanha Fragelli sold 221,707 shares at an average price of $15.81 on August 14, 2026, valued at about $3.51 million. Cristina Helena Zingaretti Junqueria sold 50,000 shares at $15.80 and another 90,000 shares on August 25, with the latter transaction valued at approximately $1.33 million. On October 5, she also sold 25,000 shares at an average price of $15.01, worth about $375,362. These transactions were not part of planned sales.

Analysts Set New Price Targets

On September 16, 2026, Itau BBA downgraded Nu Holdings from Buy to Market Perform, setting a new price target of $18.00, down from $20.00. Meanwhile, Needham reiterated its Buy rating with a price target of $19.00 on September 28, 2026. As of now, consensus ratings indicate a general buy recommendation, with an average price target of $18.77 from 22 analysts.

About Nu Holdings

Nu Holdings Ltd. operates a digital banking platform across Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company aims to provide accessible financial services and has seen substantial growth, reflected in its recent revenue figures. The recent moves by Ninety One UK and other investors indicate a dynamic interest in the company amidst changing market conditions.

Bottom Line

Investors should watch for Nu Holdings' next earnings report on November 12, 2026, which could provide further insights into its performance. Additionally, keep in mind that this filing reflects holdings as of the reporting period and may not represent Ninety One UK'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.