NU

LONGINSIDER SELL

NU HLDGS LTD

Funds

Score

5.00

vs SPY

-24.9%

Stock return (since Q-end)

-8.6%

SPY return (since Q-end)

+16.3%

Current price

$13.13

News Summary

Neutral

Nu Holdings delivered record Q1 2026 revenue of $5B and net income of $871M (up 41% YoY), but missed EPS estimates by 10% ($0.18 vs. $0.20 consensus) and saw credit loss allowances surge 33% QoQ to $1.79B, pressuring margins. The company is executing on major strategic initiatives (U.S. bank charter approval, Brazil full banking license pursuit, Mexico break-even) with strong guidance (Q2-Q3 EPS $0.22–$0.27) and 33.6% analyst upside, but near-term credit quality deterioration and margin compression warrant caution.

Red flags

•EPS missed analyst consensus by 10% ($0.18 vs. $0.20)
•Credit loss allowance surged 33% QoQ to $1.79B, signaling accelerating credit stress
•15-to-90 day NPL ratio rose to 5.0% from 4.1% at year-end 2025
•Risk-adjusted net interest margin compressed 100 basis points sequentially to 9.5%
•Stock fell 9% in after-hours trading on earnings before trimming to ~3% loss
•BofA downgraded to Neutral and cut price target post-earnings, citing second consecutive disappointing quarter
•CFO filed intent to sell ~329,000 shares ($4.5M) post-earnings

Funds Buying (4)

Fund	Manager	Shares Held	∆ Shares	Position Value	QoQ	Status
Lone Pine Capital	Steve Mandel	38.0M	+8.4M	$546.2B	+28%	Existing
D1 Capital	Dan Sundheim	25.9M	+25.9M	$372.0B	—	NEW
Maverick Capital	Lee Ainslie	22.4M	+10.7M	$322.5B	+92%	Existing
Point72	Steve Cohen	1.7M	+1.7M	$25.1B	—	NEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.

Insider Activity

Name	Title	Type	Shares	Price	Value	Filed
Sands Anita M	—	SELL	21K	$12.24	$0.26M	2026-05-15