Nu Holdings Ltd. (NU): Among Tiger Global Management’s Long-Term Stock Picks

Insider Monkey12-20

We recently compiled a list of the Tiger Global's 15 Long-Term Stock Picks. In this article, we are going to take a look at where Nu Holdings Ltd. (NYSE:NU) stands against the other stock picks. Even ...

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(NU): Among Tiger Global Management’s Long-Term Stock Picks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 20:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nu-holdings-ltd-nu-among-125653684.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the Tiger Global's 15 Long-Term Stock Picks. In this article, we are going to take a look at where Nu Holdings Ltd. (NYSE:NU) stands against the other stock picks.\nEven ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nu-holdings-ltd-nu-among-125653684.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NU","symbol_name":"Nu Holdings Ltd.","start_time":0,"source_url":"https://finance.yahoo.com/news/nu-holdings-ltd-nu-among-125653684.html","article_id":"2492765448","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/HS_jthvUaaTYUls0MYaUfQ--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/3e6737a09ed1e20ab44c649751392f5b"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492765448","pubTimestamp":1734699413,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the Tiger Global's 15 Long-Term Stock Picks.In this article, we are going to take a look at where Nu Holdings Ltd. stands against the other stock picks.However, there is still time for some of these investments to bear fruit in the long term. 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The team further added that it was also encouraged by the signs of life in the IPO market following relative dormancy over t","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NU":"Nu Holdings Ltd.","LU0531971322.HKD":"HSBC GIF BRAZIL EQUITY \"AD\" (HKD) INC","LU0261950470.USD":"FIDELITY EMERGING MARKETS \"A\" ACC","LU0048575426.USD":"FIDELITY EMERGING MARKETS \"A\" INC","IE00B1B80R65.USD":"柏瑞拉丁美洲股票A","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0265267285.USD":"BNP PARIBAS BRAZIL EQUITY \"C\" (USD) INC","LU0086394185.USD":"SCHRODER ISF LATIN AMERICAN \"A\" (USD) INC AV","LU0256859116.SGD":"施罗德拉丁美洲A Acc SGD","LU0210535034.USD":"摩根大通拉丁美洲基金","LU0106259046.USD":"施罗德拉丁美洲基金","LU0396314238.USD":"abrdn SICAV I - LATIN AMERICAN EQUITY \"A\" (USD) ACC","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU0265266980.USD":"法巴巴西股票基金","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","LU0050427557.USD":"富达拉丁美洲基金","LU1861217088.USD":"贝莱德金融科技A2","LU1481012133.USD":"FIDELITY EMERGING MARKETS \"A\" (USDHDG) INC","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","BK4207":"综合性银行","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","LU0196696453.USD":"HSBC GIF BRAZIL EQUITY \"AC\" (USD) ACC","LU0196696701.USD":"HSBC GIF BRAZIL EQUITY \"AD\" (USD) INC"},"translate_title":"Nu Holdings Ltd.(NU)：老虎环球管理公司的长期股票选择之一","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NU":1},"content_text":"We recently compiled a list of the Tiger Global's 15 Long-Term Stock Picks. In this article, we are going to take a look at where Nu Holdings Ltd. (NYSE:NU) stands against the other stock picks.\nEven as the venture capital efforts of Tiger Global Management come under increased scrutiny on the back of reportedly disappointing post-pandemic performance, the 13F portfolio of the fund seems to be performing exceedingly well to taper over these concerns. From the beginning of 2023 through to the end of the first quarter of 2024, the public long positions of the fund returned more than 80% to investors. These were dominated by prominent stakes in hyperscalers riding the AI boom. The rate of return posted by the fund was more than double the returns of the benchmark S&P 500 over the period. In contrast, a recent report by news publication Bloomberg reveals that the sixteenth private markets fund of Tiger Global, which set out with a target to raise more than $6 billion in funding back in 2022, closed with $2.2 billion in funding earlier this year. Tech news platform TechCrunch reports that the VC efforts of Tiger Global are suffering from a reputation of making bad bets during the pandemic.\nRead more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.\nEven though perfectly-timed bets on tech stocks are the claim to fame for Tiger Global in the past few years, a team from the fund recently noted in an investor letter that 30% of its exposure sits in businesses other than the AI-driven tech sector. Per the fund, these positions have roughly doubled over the last fifteen months with an 80% hit rate. Compared to these astute bets, the venture capital efforts of the company paint a grimmer picture. For example, a recent report by the California State Teachers’ Retirement System reveals that the paper losses on the fifteen private markets fund stood at more than 15% at the end of June 2024. This fund had raised more than $12.7 billion back in 2021 to invest in high growth areas. Data from PitchBook Benchmarks shows that the steep losses of this fund place it in the bottom 10% of all venture funds raised in 2021.\nHowever, there is still time for some of these investments to bear fruit in the long term. The investment team at Tiger Global is certainly losing no sleep over these numbers. In a letter to investors, the fund has noted that the private holdings of the fund generated positive returns in the first quarter of 2024. This year, the VC arm of Tiger Global has invested in many prominent startups, including Waymo, OpenAI, Scale AI and Wiz. The Tiger Global team stressed in the letter that a meaningful portion of the private exposure of the public fund is concentrated in global market leaders who are performing well and awaiting attractive opportunities to go public. The team further added that it was also encouraged by the signs of life in the IPO market following relative dormancy over the last two years.\nRead more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.\nFor this article, we selected stocks by combing through the 13F portfolio of Tiger Global Management at the end of the third quarter of 2024. Only the companies that have been in the 13F portfolio of the fund consistently for the past three years were selected. These stocks are also popular among other hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A wide angle shot of a team of bankers and financial advisors evaluating an investment portfolio on a touchscreen monitor. \nNu Holdings Ltd. (NYSE:NU) \nNumber of Hedge Fund Holders: 54 \nNu Holdings Ltd. (NYSE:NU) owns and runs a digital banking platform in Brazil, Mexico, Colombia, Cayman Islands, Germany, Argentina, the United States, and Uruguay. At the end of the third quarter of 2024, Tiger Global owned more than 18.4 million shares in the company worth over $251 million, representing 1.07% of the 13F portfolio. The company is one of the long term stock picks of Tiger Global since it has featured in their 13F portfolio consistently since late 2021. Back then, the fund purchased a stake in the firm at an average share price of $9.82. The shares are presently trading at over $10.6 per share.\nHowever, not all on Wall Street are as bullish on Nu Holdings Ltd. (NYSE:NU) as Tiger Global. For example, Citi analyst Gustavo Schroden recently downgraded the stock to Sell from Neutral with a price target of $11, down from $14.60. The company has shown an impressive capacity to expand its operations in Brazil rapidly while maintaining even faster net income growth, the analyst told investors in a research note. However, Citi sees the stock's strong year-to-date performance as a good opportunity to take profits. Nu's alternative revenue sources, like payroll loans in Brazil, Mexico and Colombia, could take longer than expected to offset the slowdown in credit cards and personal loans in Brazil, contends Citi.\nOverall NU ranks 8th on our list of Tiger Global Management's long-term stock picks. While we acknowledge the potential of NU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492765448"}