dLocal
146 hedge funds and large institutions have $1.38B invested in dLocal in 2025 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 48 increasing their positions, 38 reducing their positions, and 21 closing their positions.
155% more call options, than puts
Call options by funds: $156M | Put options by funds: $61.2M
119% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 21
26% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 38
21% more funds holding
Funds holding: 121 → 146 (+25)
19% more capital invested
Capital invested by funds: $1.16B → $1.38B (+$224M)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
10.04% less ownership
Funds ownership: 67.33% → 57.29% (-10%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$18.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$18.3M |
| 3 |
PIM
Paradice Investment Management
Denver,
Colorado
|
+$12.8M |
| 4 |
Two Sigma Investments
New York
|
+$12.5M |
| 5 |
Morgan Stanley
New York
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GA
General Atlantic
New York
|
-$219M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$27.2M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.81M |
| 4 |
JGC
J. Goldman & Co
New York
|
-$6.52M |
| 5 |
FSC
Fourth Sail Capital
Camana Bay Grand Cayman,
Cayman Islands
|
-$4.69M |
DLO Hedge Fund Activity: Q3 2025 in Review
146 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in dLocal (DLO) for Q3 2025, worth a combined $1.38B — up 19% from $1.16B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new DLO positions and 21 closed out — a net gain of 25 holders — while 48 added to existing stakes and 38 trimmed.
The largest buyer was D.E. Shaw & Co, adding an estimated $18.4M. The largest seller was General Atlantic, cutting an estimated $219M.
- 146 institutional investors held dLocal (DLO) as of Q3 2025, up from 121 in Q2 2025.
- Funds reported $1.38B of dLocal stock for Q3 2025, up 19% quarter-over-quarter.
- 46 funds opened new dLocal positions in Q3 2025 and 21 closed out, a net change of +25 holders.
- The largest dLocal buyer in Q3 2025 was D.E. Shaw & Co, an estimated $18.4M added.
- The largest dLocal seller in Q3 2025 was General Atlantic, an estimated $219M sold.
Based on aggregated 13F filings for Q3 2025.