% of shares outstanding not shown: this line files 20-F annual reports only — a foreign private issuer whose US listing trades as ADSs (depositary receipts), while its cover-page share count is in ORDINARY shares. The depositary ratio is not in our data. The count we hold for this line is 294,931,956 shares (as of 2025-12-31, source dei). Dividing one by the other is wrong by the whole ratio (a 5:1 ADR reads one fifth of the true percentage), so the percentage is withheld rather than served wrong. Holder share counts are shown as filed.
Crowding percentile withheld — no market cap for DLO in the served universe — the cohort is size-matched, and an unmatched percentile would compare a micro-cap register to a mega-cap one.
| # | Holder | Shares | Value | % of shares out | Δ QoQ |
|---|---|---|---|---|---|
| 1 | GENERAL ATLANTIC, L.P. | 46,656,69546.7M | $605M | — | — |
| 2 | Summit Trail Advisors, LLC | 7,679,3267.7M | $100M | — | ADD 716% |
| 3 | MARSHALL WACE, LLP | 4,968,2645.0M | $64M | — | ADD 36% |
| 4 | BANK OF AMERICA CORP /DE/ | 4,073,3584.1M | $53M | — | — |
| 5 | Cria, Inc. | 4,000,0004.0M | $52M | — | — |
| 6 | Ribbit Management Company, LLC | 3,891,9003.9M | $50M | — | — |
| 7 | BAILLIE GIFFORD & CO | 2,893,9052.9M | $38M | — | TRIM -3% |
| 8 | D. E. Shaw & Co., Inc. | 2,853,2682.9M | $37M | — | ADD 45% |
| 9 | Fourth Sail Capital LP | 2,266,9172.3M | $29M | — | ADD 24% |
| 10 | MORGAN STANLEY | 2,234,9352.2M | $29M | — | ADD 7% |
| 11 | Paradice Investment Management LLC | 2,153,3662.2M | $28M | — | ADD 11% |
| 12 | ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | 2,071,7192.1M | $27M | — | ADD 8% |
| 13 | FMR LLC | 1,582,0871.6M | $21M | — | NEW |
| 14 | TWO SIGMA INVESTMENTS, LP | 1,452,4011.5M | $19M | — | TRIM -12% |
| 15 | HSBC HOLDINGS PLC | 1,390,6831.4M | $18M | — | NEW |
| 16 | Tikvah Management LLC | 1,248,3221.2M | $16M | — | — |
| 17 | JPMORGAN CHASE & CO | 1,082,0471.1M | $13M | — | ADD 255% |
| 18 | Bond Capital Management, LP | 927,500927,500 | $12M | — | — |
| 19 | Absolute Gestao de Investimentos Ltda. | 896,173896,173 | $12M | — | NEW |
| 20 | ALKEON CAPITAL MANAGEMENT LLC | 823,837823,837 | $11M | — | — |
| 21 | TB Capital Gestao de Recursos Ltda. | 804,856804,856 | $10M | — | TRIM -13% |
| 22 | BNP PARIBAS FINANCIAL MARKETS | 792,943792,943 | $10M | — | ADD 34% |
| 23 | RENAISSANCE TECHNOLOGIES LLC | 774,342774,342 | $10M | — | TRIM -34% |
| 24 | MILLENNIUM MANAGEMENT LLC | 689,218689,218 | $9M | — | ADD 955% |
| 25 | TUDOR INVESTMENT CORP ET AL | 584,839584,839 | $8M | — | — |
| 26 | Qube Research & Technologies Ltd | 524,761524,761 | $7M | — | ADD 123% |
| 27 | Lane Generational LLC | 519,886519,886 | $7M | — | ADD 2% |
| 28 | HRT FINANCIAL LP | 505,878505,878 | $7M | — | TRIM -15% |
| 29 | AMERIPRISE FINANCIAL INC | 481,570481,570 | $6M | — | TRIM -59% |
| 30 | SG Americas Securities, LLC | 466,570466,570 | $6M | — | ADD 4761% |
| 31 | POLEN CAPITAL MANAGEMENT LLCtracked | 458,909458,909 | $6M | — | — |
| 32 | Trexquant Investment LP | 432,453432,453 | $6M | — | TRIM -9% |
| 33 | Proem Advisors LLC | 425,485425,485 | $6M | — | TRIM -15% |
| 34 | PDT Partners, LLC | 410,428410,428 | $5M | — | ADD 424% |
| 35 | CITADEL ADVISORS LLC | 368,974368,974 | $5M | — | TRIM -8% |
| 36 | IMC-Chicago, LLC | 308,097308,097 | $4M | — | ADD 172% |
| 37 | GOLDMAN SACHS GROUP INC | 282,453282,453 | $4M | — | ADD 78% |
| 38 | MIRABELLA FINANCIAL SERVICES LLP | 279,668279,668 | $4M | — | ADD 11% |
| 39 | Invenomic Capital Management LP | 255,352255,352 | $3M | — | NEW |
| 40 | J. Goldman & Co LP | 225,000225,000 | $3M | — | ADD 15% |
| 41 | HUSSMAN STRATEGIC ADVISORS, INC. | 210,000210,000 | $3M | — | — |
| 42 | SCHWARTZ INVESTMENT COUNSEL INC | 207,200207,200 | $3M | — | — |
| 43 | JANE STREET GROUP, LLC | 198,263198,263 | $3M | — | TRIM -67% |
| 44 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 185,798185,798 | $2M | — | TRIM -31% |
| 45 | STATE STREET CORP | 171,728171,728 | $2M | — | — |
| 46 | BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 167,944167,944 | $2M | — | TRIM -4% |
| 47 | Maxi Investments CY Ltd | 167,000167,000 | $2M | — | — |
| 48 | GEODE CAPITAL MANAGEMENT, LLC | 157,706157,706 | $2M | — | ADD 2% |
| 49 | UBS Group AG | 152,636152,636 | $2M | — | TRIM -60% |
| 50 | GROUP ONE TRADING LLC | 139,927139,927 | $2M | — | ADD 63% |
| 51 | Fieldview Capital Management, LLC | 117,089117,089 | $2M | — | ADD 43% |
| 52 | Penserra Capital Management LLC | 109,819109,819 | $1M | — | TRIM -25% |
| 53 | Massar Capital Management, LP | 109,492109,492 | $1M | — | NEW |
| 54 | Empowered Funds, LLC | 102,072102,072 | $1M | — | NEW |
| 55 | BARCLAYS PLC | 101,659101,659 | $1M | — | ADD 366% |
| 56 | Walleye Capital LLC | 95,94795,947 | $1M | — | TRIM -24% |
| 57 | Point Nemo Capital, LLC | 95,92495,924 | $1M | — | ADD 42% |
| 58 | Legend Financial Advisors, Inc. | 83,65583,655 | $1M | — | NEW |
| 59 | Capital World Investors | 80,71880,718 | $1M | — | — |
| 60 | CITIGROUP INC | 73,20573,205 | $949,468 | — | ADD 160% |
| 61 | Schonfeld Strategic Advisors LLC | 69,05669,056 | $895,655 | — | ADD 82% |
| 62 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 64,22464,224 | $831,157 | — | TRIM -29% |
| 63 | VANGUARD CAPITAL MANAGEMENT LLC | 63,00163,001 | $817,123 | — | NEW |
| 64 | State of Wyoming | 62,32062,320 | $808,290 | — | ADD 30% |
| 65 | RAYMOND JAMES FINANCIAL INC | 60,71960,719 | $787,525 | — | TRIM -9% |
| 66 | VOLORIDGE INVESTMENT MANAGEMENT, LLC | 57,50857,508 | $745,879 | — | TRIM -59% |
| 67 | VPR Management LLC | 56,00056,000 | $726,320 | — | NEW |
| 68 | PEAK6 LLC | 55,24155,241 | $716,476 | — | TRIM -81% |
| 69 | Squarepoint Ops LLC | 52,21152,211 | $677,177 | — | TRIM -4% |
| 70 | Eddie Patel Inc | 52,10752,107 | $675,833 | — | TRIM -34% |
| 71 | FOX RUN MANAGEMENT, L.L.C. | 54,13354,133 | $671,249 | — | ADD 169% |
| 72 | CORSAIR CAPITAL MANAGEMENT, L.P. | 48,01548,015 | $622,755 | — | TRIM -20% |
| 73 | Dodge & Coxtracked | 44,70044,700 | $579,759 | — | ADD 22% |
| 74 | Headlands Technologies LLC | 41,57741,577 | $539,254 | — | TRIM -19% |
| 75 | Yorktown Management & Research Co Inc | 41,50041,500 | $538,255 | — | TRIM -32% |
| 76 | GSA CAPITAL PARTNERS LLP | 39,62939,629 | $514,000 | — | ADD 44% |
| 77 | EXCHANGE TRADED CONCEPTS, LLC | 38,07138,071 | $493,781 | — | TRIM -7% |
| 78 | Vident Advisory, LLC | 35,34535,345 | $458,425 | — | ADD 36% |
| 79 | BlackRock, Inc. | 35,13335,133 | $455,670 | — | TRIM -8% |
| 80 | RBF Capital, LLC | 35,00035,000 | $453,950 | — | TRIM -56% |
| 81 | &PARTNERS | 34,65734,657 | $449,505 | — | — |
| 82 | Vinland Capital Management Gestora de Recursos LTDA. | 33,47633,476 | $434,184 | — | NEW |
| 83 | OXFORD ASSET MANAGEMENT LLP | 33,20533,205 | $430,669 | — | NEW |
| 84 | Krane Funds Advisors LLC | 31,90931,909 | $402,053 | — | ADD 57% |
| 85 | Ashton Thomas Private Wealth, LLC | 30,59430,594 | $396,804 | — | NEW |
| 86 | Elm Partners Management LLC | 32,00032,000 | $396,800 | — | — |
| 87 | XTX Topco Ltd | 28,11628,116 | $364,665 | — | NEW |
| 88 | Cannon Global Investment Management, LLC | 27,90027,900 | $361,863 | — | NEW |
| 89 | Y-Intercept (Hong Kong) Ltd | 27,23027,230 | $353,173 | — | TRIM -49% |
| 90 | OMERS ADMINISTRATION Corp | 26,80026,800 | $347,596 | — | NEW |
| 91 | Invesco Ltd. | 26,20726,207 | $339,905 | — | TRIM -18% |
| 92 | SIMPLEX TRADING, LLC | 25,97325,973 | $336,869 | — | NEW |
| 93 | Engineers Gate Manager LP | 25,29025,290 | $328,012 | — | NEW |
| 94 | MACQUARIE GROUP LTD | 23,64923,649 | $306,728 | — | NEW |
| 95 | WINTON GROUP Ltd | 22,40022,400 | $290,528 | — | TRIM -41% |
| 96 | Mitsubishi UFJ Asset Management Co., Ltd. | 22,10322,103 | $286,676 | — | — |
| 97 | SBI Securities Co., Ltd. | 21,50721,507 | $278,946 | — | ADD 8% |
| 98 | Voleon Capital Management LP | 20,30120,301 | $263,304 | — | NEW |
| 99 | VANGUARD PORTFOLIO MANAGEMENT LLC | 19,43119,431 | $252,020 | — | NEW |
| 100 | Apollon Wealth Management, LLC | 18,00018,000 | $233,460 | — | NEW |
Rows rank by the value each filer reported — 13F filers price their own positions, so a holder with fewer shares can rank just above one with more.
| Holder | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| GENERAL ATLANTIC, L.P. | 63.9M | 63.9M | 63.9M | 46.7M | 46.7M | 46.7M | $605M |
| Summit Trail Advisors, LLC | 941K | 941K | 941K | 941K | 941K | 7.7M | $100M |
| MARSHALL WACE, LLP | 1.7M | 1.6M | 2.7M | 3.1M | 3.7M | 5.0M | $64M |
| BANK OF AMERICA CORP /DE/ | 26K | 224K | 7.3M | 5.2M | 4.1M | 4.1M | $53M |
| Cria, Inc. | — | — | — | — | 4.0M | 4.0M | $52M |
| Ribbit Management Company, LLC | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | $50M |
| BAILLIE GIFFORD & CO | 2.6M | 2.6M | 2.7M | 2.7M | 3.0M | 2.9M | $38M |
| D. E. Shaw & Co., Inc. | — | — | 274K | 1.7M | 2.0M | 2.9M | $37M |
| Fourth Sail Capital LP | 1.2M | 1.2M | 1.5M | 1.2M | 1.8M | 2.3M | $29M |
| MORGAN STANLEY | 1.1M | 1.1M | 1.1M | 2.0M | 2.1M | 2.2M | $29M |
| Paradice Investment Management LLC | — | — | — | 1.0M | 1.9M | 2.2M | $28M |
| ATMOS CAPITAL GESTAO DE RECURSOS LTDA. | — | — | — | — | 1.9M | 2.1M | $27M |
| FMR LLC | 97K | 97K | — | — | — | 1.6M | $21M |
| TWO SIGMA INVESTMENTS, LP | 1.2M | 1.0M | 748K | 1.7M | 1.7M | 1.5M | $19M |
| HSBC HOLDINGS PLC | — | — | — | — | — | 1.4M | $18M |
Shares reported each quarter by the largest current holders. Green = added vs the prior filing, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
Holder count only — too few computable %-of-shares-outstanding quarters for a % pane. Line breaks are quarters with no 13F record, never interpolated.
| Quarter | Holders | Shares held |
|---|
Short interest has its own tab now — open SI →
Source: SEC Form 13F — every institution manager (≥ $100M in 13F securities) reporting a long US-listed position, across ~10,250 filers over 10 years of history. 13F is long-only, US-listed, filed up to 45 days after quarter-end.
| Biggest buyers | Δ shares | Δ value | |
|---|---|---|---|
| Summit Trail Advisors, LLC | +6,738,506 | $87M | ADD |
| FMR LLC | +1,582,087 | $21M | OPEN |
| HSBC HOLDINGS PLC | +1,390,683 | $18M | OPEN |
| MARSHALL WACE, LLP | +1,305,492 | $17M | ADD |
| Absolute Gestao de Investimentos Ltda. | +896,173 | $12M | OPEN |
| Biggest sellers | Δ shares | Δ value | |
|---|---|---|---|
| Azora Capital LP | −1,547,965 | $20M | CLOSE |
| Jain Global LLC | −1,491,172 | $19M | CLOSE |
| AMERIPRISE FINANCIAL INC | −685,469 | $9M | TRIM |
| Holocene Advisors, LP | −533,073 | $7M | CLOSE |
| JANE STREET GROUP, LLC | −410,816 | $5M | TRIM |
The 2025-Q4 register is as-filed in ITS OWN share basis; every count below was rebased into the 2026-Q1 basis (no split in between, factor 1). Dollar figures value the SHARE delta at one price — the 2026-03-31 close — rather than differencing two filings' own reported values, which would mix the quarter's price move into the trade figure.
13Fs disclose LONG US-listed positions only — shorts, most derivatives, bonds and non-US listings are invisible here, and a filer's quarter-over-quarter change is not necessarily a trade (index rebalances, in-kind transfers and entity successions all read as flow).
| % shares out |
|---|
| Value held |
|---|
| 2026-Q1 | 153 | 109,240,288 | — | $1.4B |
| 2025-Q4 | 151 | 99,247,520 | — | $1.4B |
| 2025-Q3 | 146 | 97,015,585 | — | $1.4B |
| 2025-Q2 | 121 | 101,966,100 | — | $1.2B |
| 2025-Q1 | 96 | 93,346,768 | — | $778M |
| 2024-Q4 | 107 | 103,828,798 | — | $1.2B |
| 2024-Q3 | 106 | 105,031,756 | — | $842M |
| 2024-Q2 | 111 | 113,738,232 | — | $920M |
| 2024-Q1 | 115 | 129,921,805 | — | $1.9B |
| 2023-Q4 | 124 | 130,537,680 | — | $2.3B |
| 2023-Q3 | 108 | 120,637,450 | — | $2.3B |
| 2023-Q2 | 111 | 122,529,602 | — | $1.5B |
| 2023-Q1 | 96 | 139,945,693 | — | $2.3B |
| 2022-Q4 | 111 | 130,750,027 | — | $1.9B |
| 2022-Q3 | 143 | 139,987,739 | — | $2.7B |
| 2022-Q2 | 128 | 141,199,942 | — | $3.5B |
| 2022-Q1 | 125 | 131,919,598 | — | $3.9B |
| 2021-Q4 | 119 | 132,893,804 | — | $4.7B |
| 2021-Q3 | 120 | 106,912,734 | — | $5.8B |
| 2021-Q2 | 83 | 97,658,841 | — | $5.1B |
