dLocal
96 hedge funds and large institutions have $778M invested in dLocal in 2025 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 30 increasing their positions, 35 reducing their positions, and 27 closing their positions.
61% more call options, than puts
Call options by funds: $41M | Put options by funds: $25.4M
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
6.95% less ownership
Funds ownership: 68.87% → 61.92% (-7%)
10% less funds holding
Funds holding: 107 → 96 (-11)
14% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 35
33% less capital invested
Capital invested by funds: $1.17B → $778M (-$391M)
41% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$9.21M |
| 2 |
Renaissance Technologies
New York
|
+$3.65M |
| 3 |
BlackRock
New York
|
+$2.65M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.23M |
| 5 |
TM
Tikvah Management
Charlotte,
North Carolina
|
+$1.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Marcho Partners
London,
United Kingdom
|
-$30.2M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$25.1M |
| 3 |
JGC
J. Goldman & Co
New York
|
-$15.2M |
| 4 |
ACL
Azora Capital LP
Miami,
Florida
|
-$14.5M |
| 5 |
BCM
Bond Capital Management
San Francisco,
California
|
-$10.4M |
DLO Hedge Fund Activity: Q1 2025 in Review
96 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in dLocal (DLO) for Q1 2025, worth a combined $778M — down 33% from $1.17B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of DLO and 16 opened new positions — a net loss of 11 holders — while 35 trimmed existing stakes and 30 added.
The largest buyer was Jane Street, adding an estimated $9.21M. The largest seller was Marcho Partners, exiting entirely with an estimated $30.2M sold.
- 96 institutional investors held dLocal (DLO) as of Q1 2025, down from 107 in Q4 2024.
- Funds reported $778M of dLocal stock for Q1 2025, down 33% quarter-over-quarter.
- 16 funds opened new dLocal positions in Q1 2025 and 27 closed out, a net change of -11 holders.
- The largest dLocal buyer in Q1 2025 was Jane Street, an estimated $9.21M added.
- The largest dLocal seller in Q1 2025 was Marcho Partners, an estimated $30.2M sold.
Based on aggregated 13F filings for Q1 2025.