dLocal Ltd (DLO) shareholders
DLONasdaqServices-Business Services, NECFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 20-F on Mar 18, 2026Score 11/30
$13.69−0.01 (-0.07%)
Close on Nov 13, 2026Market cap $4.04BP/E 21.1Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
39.9%
118M of 295M shares
Institutional holders
163
46 new, 34 sold out
Net institutional buying
8M
In Q2 2026
Insider trades, 12 months
1 buys · 4 sales
Net sold $15.99M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Sergio Enrique Fogel Kaplan Joint filing with Izba S.A. (25.40%), Aline Eva Herrnstadt (25.40%) | 50,893,599 | 25.40% | 13G (passive) amendment | Dec 31, 2024 |
| Andres Bzurovski Bay | 49,806,946 | 23.60% | 13G (passive) amendment | Dec 31, 2023 |
| General Atlantic GenPar (Bermuda), L.P. Joint filing with General Atlantic, L.P. (28.30%), GAP Coinvestments III, LLC (28.30%) and 14 more | 46,656,695 | 28.30% | 13D (active) amendment | Sep 5, 2025 |
| GAP (Bermuda) L.P. Joint filing with General Atlantic GenPar (Bermuda), L.P. (21.40%), General Atlantic GenPar (Lux) SCSp (21.40%) and 11 more | 36,814,136 | 21.40% | 13D (active) amendment | Aug 17, 2026 |
| Azar Alberto Eduardo Joint filing with Aqua Crystal Investments Ltd. (9.90%) | 18,473,840 | 10.30% | 13G (passive) amendment | Mar 31, 2026 |
| Emiliano Sebastian Fernandez Balague | 16,346,624 | 10.80% | 13G (passive) amendment | Dec 31, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of DLO | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| General Atlantic, L.P. | 46,656,695 | 15.82% | $606.30M | – | 20.86% |
| Summit Trail Advisors, LLC | 7,679,330 | 2.60% | $99.79M | +4 | 1.26% |
| BlackRock, Inc. | 5,080,957 | 1.72% | $66.03M | +5,045,824 | 0.00% |
| Bank Of America Corp /De/ | 4,925,747 | 1.67% | $64.01M | +852,389 | 0.00% |
| Cria, Inc. | 4,000,000 | 1.36% | $51.96M | – | 41.96% |
| Atmos Capital Gestao De Recursos Ltda. | 3,990,466 | 1.35% | $51.86M | +1,918,747 | 6.23% |
| Fourth Sail Capital LP | 3,943,171 | 1.34% | $51.24M | +1,676,254 | 7.77% |
| Ribbit Management Company, LLC | 3,891,900 | 1.32% | $50.56M | – | 2.46% |
| Paradice Investment Management LLC | 2,732,680 | 0.93% | $35.51M | +579,314 | 5.67% |
| Marshall Wace, Llp | 2,644,137 | 0.90% | $34.35M | −2,324,127 | 0.03% |
| Baillie Gifford & Co | 2,552,819 | 0.87% | $33.17M | −341,086 | 0.03% |
| Morgan Stanley | 1,928,612 | 0.65% | $25.06M | −306,323 | 0.00% |
| Hsbc Holdings PLC | 1,660,016 | 0.56% | $21.57M | +269,333 | 0.01% |
| Wellington Management Group Llp | 1,492,802 | 0.51% | $19.40M | New | 0.00% |
| Tikvah Management LLC | 1,420,822 | 0.48% | $18.46M | +172,500 | 5.61% |
| Invenomic Capital Management LP | 1,395,170 | 0.47% | $18.13M | +1,139,818 | 1.08% |
| Geode Capital Management, LLC | 1,354,066 | 0.46% | $17.60M | +1,196,360 | 0.00% |
| JPMorgan Chase & Co | 1,241,239 | 0.42% | $15.95M | +159,192 | 0.00% |
| TB Capital Gestao de Recursos Ltda. | 1,112,612 | 0.38% | $14.45M | +307,756 | 7.91% |
| D. E. Shaw & Co., Inc. | 1,071,538 | 0.36% | $13.92M | −1,781,730 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 163 | 118M | 39.9% | 46 / 40 | 49 / 34 | 22M | 14M |
| Q1 2026 | 154 | 109M | 37.0% | 37 / 44 | 50 / 34 | 18M | 8M |
| Q4 2025 | 152 | 99M | 33.7% | 37 / 52 | 44 / 26 | 14M | 11M |
| Q3 2025 | 147 | 97M | 32.9% | 47 / 48 | 38 / 21 | 17M | 22M |
| Q2 2025 | 121 | 102M | 34.6% | 39 / 35 | 29 / 14 | 14M | 6M |
| Q1 2025 | 96 | 93M | 31.7% | 16 / 30 | 35 / 27 | 3M | 13M |
| Q4 2024 | 107 | 104M | 35.2% | 28 / 22 | 41 / 26 | 12M | 14M |
| Q3 2024 | 106 | 105M | 35.6% | 18 / 39 | 35 / 22 | 6M | 15M |
| Q2 2024 | 111 | 114M | 38.6% | 29 / 38 | 31 / 32 | 16M | 32M |
| Q1 2024 | 114 | 130M | 44.1% | 20 / 43 | 37 / 30 | 11M | 11M |
| Q4 2023 | 124 | 131M | 44.3% | 32 / 41 | 41 / 15 | 19M | 5M |
| Q3 2023 | 108 | 121M | 40.9% | 26 / 30 | 39 / 28 | 10M | 12M |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Pedro Arnt | Chief Executive Officer, Director | 2,350,000 | 0.80% | Mar 18, 2026 |
| Santos e. Santos Gabriela Vieira | Chief Legal Officer | 174,276 | 0.06% | Jul 9, 2026 |
| Rodriguez Alberto Emmanuel Almeida | Chief Technology Officer | 156,213 | 0.05% | Jul 9, 2026 |
| John Patrick O'Brien | Chief Revenue Officer | 220,000 | 0.07% | Mar 20, 2026 |
| Perez Guillermo Lopez | Chief Financial Officer | 187,441 | 0.06% | Mar 18, 2026 |
| Carlos Javier Menendez | Chief Operating Officer | 1,275,510 | 0.43% | Mar 18, 2026 |
| Sebastian Kanovich | Director | 11,526,321 | 3.91% | Aug 11, 2026 |
| Bay Andres Bzurovski | Director | 2,469,484 | 0.84% | Aug 10, 2026 |
| William Rodney Pruett | Director | 108,043 | 0.04% | Jun 2, 2026 |
| Hyman K. Bielsky | Director | 1,215,105 | 0.41% | May 29, 2026 |
| de Ybarra Francisco Fernandez | Director | – | – | Mar 19, 2026 |
| Veronica Raffo | Director | – | – | Mar 18, 2026 |
| Luiz Ribeiro | Director | – | – | Mar 18, 2026 |
| Nelson M. Mattos | Director | – | – | Mar 18, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Sebastian Kanovich Director | Aug 5, 2026 | Sale(10b5-1 plan) | −72,753 | $15.54 | $1.13M | 0 |
| Sebastian Kanovich Director | Aug 5, 2026 | Conversion | +72,753 | – | – | 72,753 |
| Sebastian Kanovich Director | Aug 4, 2026 | Sale(10b5-1 plan) | −4,700 | $15.50 | $72.85K | 0 |
| Sebastian Kanovich Director | Aug 4, 2026 | Conversion | +4,700 | – | – | 4,700 |
| Sebastian Kanovich Director | Jul 7, 2026 | Sale(10b5-1 plan) | −25,700 | $15.50 | $398.35K | 0 |
| Sebastian Kanovich Director | Jul 7, 2026 | Conversion | +25,700 | – | – | 25,700 |
| Sebastian Kanovich Director | Jul 1, 2026 | Conversion | +1,000,000 | – | – | 1,000,000 |
| Sebastian Kanovich Director | Jul 1, 2026 | Sale(10b5-1 plan) | −1,000,000 | $14.63 | $14.63M | 0 |
| William Rodney Pruett Director | May 29, 2026 | Buy | +20,000 | $11.85 | $237.00K | 108,043 |
| Hyman K. Bielsky Director | May 27, 2026 | Gift | −884,249 | – | – | 19,599 |
| Hyman K. Bielsky Director | May 27, 2026 | Gift | +884,249 | – | – | 899,746 |
| Rodriguez Alberto Emmanuel Almeida Chief Technology Officer | Apr 1, 2026 | Award | +40,329 | – | – | 156,213 |
| Santos e. Santos Gabriela Vieira Chief Legal Officer | Apr 1, 2026 | Award | +40,329 | – | – | 174,276 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
10.82%
17M shares short
Days to cover
6.3
At 3M shares a day
Change since last report
-5.0%
From 17M shares
Short volume, 20 days
40.6%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of dLocal's stock actually held short. Settlement fails (shares not delivered on time) peaked at 606,054 shares on Aug 19, 2026 over the last 90 days.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| General Atlantic DO B.V 10% Stockholder | Aug 17, 2026 | 9,842,559 | $136.91M | Aug 17, 2026 | Reorganization |
| Sebastian Kanovich Director | Aug 5, 2026 | 72,753 | $1.11M | Aug 5, 2026 | Founders Shares |
| Sebastian Kanovich Director | Aug 4, 2026 | 4,700 | $71.96K | Aug 4, 2026 | Founders Shares |
| Sebastian Kanovich Director | Jul 7, 2026 | 25,700 | $391.93K | Jul 7, 2026 | Founders Shares |
| Sebastian Kanovich Director | Jul 1, 2026 | 1,000,000 | $13.00M | Jul 1, 2026 | Founders Shares |
| John Obrien Officer | May 1, 2026 | 11,533 | $160.08K | May 1, 2026 | Restricted Stock Units |
| Gabriela Vieira Officer | Oct 15, 2025 | 8,000 | $125.44K | Oct 15, 2025 | Exercise of Stock Options |
| John Obrien Officer | Oct 1, 2025 | 40,000 | $571.20K | Oct 1, 2025 | Restricted Stock Units |
| Gabriela Vieira Officer | Aug 22, 2025 | 6,000 | $86.49K | Aug 22, 2025 | Exercise of Stock Options |
| John Obrien Officer | May 1, 2025 | 11,533 | $102.07K | May 1, 2025 | Restricted Stock Units |
| John Obrien Officer | Nov 22, 2024 | 63,066 | $677.33K | Nov 22, 2024 | Restricted Stock Units |
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