Coatue Management Reduces $200M in Nu Holdings Ltd. ($NU)

Coatue trims its position in Nu Holdings by 35.9%, reflecting in its latest 13F filing.

Written by Opentrades · Published Jun 12, 2026, 9:29 PM EDT

Key Points

Coatue Management cut its stake in Nu Holdings by 16.4 million shares, a 35.9% reduction, as per its latest 13F filing.
Nu Holdings has a market cap of about $59.3 billion, a P/E ratio of 18.75, and a beta of 0.952, with shares trading near $12.19.
Insiders and analysts have been active, with recent sales by executives and mixed analyst ratings reflecting a range of targets.

Coatue Management has significantly reduced its investment in Nu Holdings Ltd. (NYSE: NU). According to a recent 13F filing with the SEC, Coatue cut its stake by 16,416,787 shares, a 35.9% decrease. This reduction leaves the fund with 29,333,576 shares valued at approximately $357.4 million as of the reporting period.

What Changed in Coatue Management's Nu Holdings Position

Coatue Management's decision to trim its holdings in Nu Holdings saw its share count drop from 45,750,363 to 29,333,576 shares. This move represents a 35.9% reduction in its position, indicating a strategic shift in its investment approach. The current holding is valued at about $357.4 million.

Other Institutional Activity in Nu Holdings

Several other major funds have also adjusted their positions in Nu Holdings. BlackRock, Inc. increased its stake by 38,360,356 shares, ending with 339,908,025 shares valued at approximately $4.88 billion. Baillie Gifford & Co reduced its holdings by 10,692,498 shares, leaving 246,564,454 shares worth about $3.54 billion. Morgan Stanley added 20,277,682 shares to its portfolio, now holding 141,628,383 shares valued at $2.04 billion. Meanwhile, Capital Research Global Investors cut its position by 35,637,731 shares, holding 128,461,467 shares valued at $1.85 billion. State Street Corp modestly increased its stake by 1,478,872 shares, now owning 93,023,623 shares worth around $1.34 billion.

Nu Holdings Stock Snapshot

Shares of Nu Holdings Ltd. (NYSE: NU) are trading near $12.19. The company, with a market cap of about $59.3 billion, has a P/E ratio of 18.75 and a forward P/E of 10.64, indicating expectations of future earnings growth. The stock has a beta of 0.952, suggesting moderate volatility compared to the market. Over the past year, the stock has traded between $11.20 and $18.98. Its 50-day moving average is $13.66, while the 200-day moving average stands at $15.44.

Recent Earnings

Nu Holdings reported revenue of $7.59 billion, with a robust revenue growth rate of 43.7%. The company's net margin is 41.9%, and it boasts a return on equity of 30.1%. These figures reflect strong operational efficiency and profitability. The next earnings report is anticipated on May 14, 2026.

Insider Buying and Selling at Nu Holdings Ltd.

Recent insider transactions at Nu Holdings include sales by several executives. On May 15, 2026, Anita Sands sold 21,000 shares at an average price of $12.24. Earlier, on April 23, 2026, Cristina Helena Zingaretti Junqueira, the US CEO & Chief Growth Officer, sold 8,264 shares at $14.44. On the same day, Guilherme Marques Lago, the CFO, and Henrique Camossa Saldanha Fragelli, the Chief Risk Officer, sold 24,348 and 11,991 shares, respectively, also at $14.44. CEO David Velez Osorno sold 45,690 shares at the same price. Notably, on April 8, 2026, Henrique Camossa Saldanha Fragelli bought 1,767,000 shares at $0.29, reflecting confidence in the company's prospects.

Analysts Set New Price Targets

Analysts have been revising their outlooks on Nu Holdings. On June 3, 2026, Susquehanna downgraded the stock to a 'hold' with a $13.00 price target. B of A Securities followed with a downgrade to 'sell' and a $10.00 target on June 2, 2026. Conversely, UBS maintained its 'buy' rating with a $16.90 target on May 20, 2026. The consensus recommendation remains a 'strong buy', with an average target price of $18.39 from 21 analyst opinions.

About Nu Holdings Ltd.

Nu Holdings Ltd. is a financial technology company headquartered in São Paulo, Brazil. It offers a wide range of digital banking services across Brazil, Mexico, Colombia, the Cayman Islands, and the United States. The company provides innovative financial solutions, including credit and prepaid cards, mobile payment options, and investment products. Founded in 2013 by CEO David Velez-Osomo, Nu Holdings aims to simplify banking services with a customer-centric approach.

Bottom Line

Coatue Management's recent reduction in its stake in Nu Holdings reflects strategic portfolio adjustments. While the fund has cut back, institutional interest remains active, with various funds adjusting their positions. Investors keep an eye on such filings for insights into institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not reflect current positions.