dLocal Ltd - Class A common shares, nominal value $0.002 per share (DLO) Institutional Ownership

13F Institutional Holders and Ownership History from Q2 2021 to Q4 2025

Type / Class
Equity / Class A common shares, nominal value $0.002 per share
Symbol
DLO on Nasdaq
Shares outstanding
164,864,647
Price per share
$14.73
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
98,978,315
Total reported value
$1,399,550,804
% of total 13F portfolios
0%
Share change
-1,181,543
Value change
-$16,922,584
Number of holders
148
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of dLocal Ltd - Class A common shares, nominal value $0.002 per share (DLO) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Fogel Kaplan Sergio Enrique 25% $460,587,071 50,893,599 Sergio Enrique Fogel Kaplan 31 Dec 2024
GENERAL ATLANTIC, L.P. 28% $485,229,628 46,656,695 GENERAL ATLANTIC, L.P. 05 Sep 2025
Fernandez Balague Emiliano Sebastian 11% $147,936,947 16,346,624 Emiliano Sebastian Fernandez Balague 31 Dec 2024

As of 31 Dec 2025, 148 institutional investors reported holding 98,978,315 shares of dLocal Ltd - Class A common shares, nominal value $0.002 per share (DLO). This represents 60% of the company’s total 164,864,647 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of dLocal Ltd - Class A common shares, nominal value $0.002 per share (DLO) together control 54% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
GENERAL ATLANTIC, L.P. 28% 46,656,695 0% 23% $659,725,667
BANK OF AMERICA CORP /DE/ 2.5% 4,059,822 -22% 0% $57,405,882
Cria, Inc. 2.4% 4,000,000 0% 34% $56,560,000
Ribbit Management Company, LLC 2.4% 3,891,900 0% 2.7% $55,031,467
MARSHALL WACE, LLP 2.2% 3,662,772 +19% 0.05% $51,791,596
BAILLIE GIFFORD & CO 1.8% 2,996,660 +12% 0.04% $42,372,773
MORGAN STANLEY 1.3% 2,080,513 +5% 0% $29,418,453
D. E. Shaw & Co., Inc. 1.2% 1,969,248 +14% 0.02% $27,845,167
Paradice Investment Management LLC 1.2% 1,943,360 +93% 5.4% $27,479,110
ATMOS CAPITAL GESTAO DE RECURSOS LTDA. 1.2% 1,913,998 4.1% $27,063,932
Fourth Sail Capital LP 1.1% 1,823,873 +55% 4.1% $25,789,565
TWO SIGMA INVESTMENTS, LP 1% 1,651,651 -4.6% 0.03% $23,354,345
Azora Capital LP 0.94% 1,547,965 1.4% $21,888,225
Jain Global LLC 0.9% 1,491,172 0.21% $21,085,172
Tikvah Management LLC 0.76% 1,248,322 0% 4.8% $17,651,273
RENAISSANCE TECHNOLOGIES LLC 0.71% 1,174,900 -6.7% 0.03% $16,613,086
AMERIPRISE FINANCIAL INC 0.71% 1,167,039 +1.7% 0% $16,501,931
Summit Trail Advisors, LLC 0.57% 940,820 0% 0.23% $13,303,195
Bond Capital Management, LP 0.56% 927,500 0% 13% $13,114,850
TB Capital Gestao de Recursos Ltda. 0.56% 923,768 +27% 7.8% $13,062,080
ALKEON CAPITAL MANAGEMENT LLC 0.5% 823,837 0% 0.05% $11,649,055
JANE STREET GROUP, LLC 0.37% 609,079 -66% 0.01% $8,612,377
HRT FINANCIAL LP 0.36% 593,248 -30% 0.03% $8,388,000
BNP PARIBAS FINANCIAL MARKETS 0.36% 592,833 0% 0.01% $8,382,659
TUDOR INVESTMENT CORP ET AL 0.35% 584,519 +6.8% 0.05% $8,265,099

Institutional Holders of dLocal Ltd - Class A common shares, nominal value $0.002 per share (DLO) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 98,978,315 $1,399,550,804 -$16,922,584 $14.14 148
2025 Q3 96,616,960 $1,379,719,368 -$79,579,996 $14.28 145
2025 Q2 101,936,957 $1,155,966,579 +$100,981,474 $11.34 120
2025 Q1 93,300,420 $778,127,045 -$109,036,133 $8.34 93
2024 Q4 103,828,797 $1,169,045,496 -$3,397,765 $11.26 106
2024 Q3 104,524,967 $836,210,838 -$72,365,491 $8.00 105
2024 Q2 113,521,575 $918,388,264 -$183,736,743 $8.09 110
2024 Q1 123,427,775 $1,815,670,486 -$64,510,857 $14.70 111
2023 Q4 127,304,163 $2,252,017,043 +$82,224,261 $17.69 123
2023 Q3 121,347,650 $2,326,232,708 +$2,577,911 $19.17 107
2023 Q2 122,519,416 $1,495,332,441 -$143,688,697 $12.20 109
2023 Q1 124,147,763 $2,013,670,645 +$14,563,130 $16.22 92
2022 Q4 130,674,911 $2,034,607,739 -$340,526,807 $15.57 103
2022 Q3 140,158,458 $2,875,888,094 -$49,472,544 $20.52 135
2022 Q2 141,189,477 $3,706,662,731 +$242,355,328 $26.25 118
2022 Q1 131,894,518 $4,123,338,665 -$93,332,084 $31.26 118
2021 Q4 132,754,885 $4,737,756,903 +$555,284,967 $35.69 108
2021 Q3 106,898,206 $5,836,588,700 +$509,463,932 $54.56 115
2021 Q2 97,658,832 $5,129,876,363 +$5,129,855,334 $52.53 83