148 hedge funds and large institutions have $1.4B invested in dLocal in 2025 Q4 according to their latest regulatory filings, with 35 funds opening new positions, 50 increasing their positions, 45 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
148
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
9
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$89.1M
Puts
$25.8M
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Cetera Investment Advisers
101
Cetera Investment Advisers
Illinois
$274K
Capital Fund Management (CFM)
102
Capital Fund Management (CFM)
France
$261K
PA
103
PharVision Advisers
Florida
$239K
TI
104
Tidal Investments
Wisconsin
$238K
SI
105
Stirlingshire Investments
New York
$235K
AIM
106
Advyzon Investment Management
Illinois
$218K
Envestnet Asset Management
107
Envestnet Asset Management
Illinois
$210K
BIG
108
Brooklyn Investment Group
New York
$199K
LPL Financial
109
LPL Financial
California
$196K
TPM
110
Triasima Portfolio Management
Quebec, Canada
$167K
TCA
111
Transcend Capital Advisors
New Jersey
$167K
JSL
112
JT Stratford LLC
Georgia
$149K
MC
113
Moors & Cabot
Massachusetts
$146K
PF
114
Phoenix Financial
Israel
$143K
Carson Wealth (CWM LLC)
115
Carson Wealth (CWM LLC)
Nebraska
$141K
SG Americas Securities
116
SG Americas Securities
New York
$136K
FDCDDQ
117
Federation des caisses Desjardins du Quebec
Quebec, Canada
$107K
KAS
118
Kestra Advisory Services
Texas
$94.8K
Wells Fargo
119
Wells Fargo
California
$76K
PAM
120
Parvin Asset Management
South Dakota
$69.3K
Jones Financial Companies
121
Jones Financial Companies
Missouri
$69.1K
CM
122
Caption Management
Oklahoma
$43.6K
UOTTAIMCU
123
University of Texas/Texas AM Investment Management Co (UTIMCO)
Texas
$39.6K
PWPS
124
Pinnacle Wealth Planning Services
Ohio
$32.8K
IA
125
IFP Advisors
Florida
$26.9K