Warren Buffett acquired 107 Million Nu Holdings Ltd Class A shares worth $722 Million. That's 0.22% of their equity portfolio (28th largest holding). The investor owns 2.95% of the outstanding Nu Holdings Ltd Class A stock. Warren Buffett acquired their 107 Million shares in Q4 2021. So far they never sold any shares in the company. The investor's estimated purchase price is $1.05 Billion, resulting in a loss of 31%.
Two companies reporting quarterly results after U.S. markets close Monday include Warren Buffett''s only investment in fintech.
The legendary investor knows how to pick winners.
Nu Holdings may be seen as an unusual holding in Buffett’s portfolio, but there’s a good reason for it. The company has a huge addressable market in South Am...
Nu Holdings is the largest Fintech bank in Brazil and Latin America. Its customers represent over 36% of Brazil''s adult population. Read more here.