5 Biggest Losers in Warren Buffett’s Latest Portfolio

4. Nu Holdings Ltd. (NYSE:NU)

Number of Hedge Fund Holders: 28

Year-to-Date Loss as of May 20: 61.82%

Nu Holdings Ltd. (NYSE:NU) is a Brazilian digital financial services and technology company, offering card-based and mobile payment solutions. Berkshire Hathaway added Nu Holdings Ltd. (NYSE:NU) to its Q4 portfolio by purchasing 107.1 million shares worth more than $1 billion. In the first quarter of 2022, the stake is valued at almost $827 million. 

On May 13, Susquehanna analyst James Friedman lowered the price target on Nu Holdings Ltd. (NYSE:NU) to $10 from $14 and maintained a Positive rating on the shares. The analyst observed that despite margin headwinds, Nu Holdings Ltd. (NYSE:NU) seems the most well positioned to survive a deterioration in credit quality, compared to industry peers. 

According to Insider Monkey’s Q4 data, 28 hedge funds reported owning bullish positions in Nu Holdings Ltd. (NYSE:NU), with combined stakes worth $4.6 billion.