5 Stocks to Invest In According to Joshua Kushner’s Thrive Capital

3. Nu Holdings Ltd. (NYSE:NU.A)

Thrive Capital Stake Value: $209,483,000
Percentage of Thrive Capital’s 13F Portfolio: 19.69%
Number of Hedge Fund Holders: 28

Nu Holdings Ltd. (NYSE:NU.A) is a holding corporation. It owns stakes in several operational entities that provide digital banking services. On February 16, Bradesco BBI analyst Gustavo Schroden initiated coverage of Nu Holdings Ltd. (NYSE:NU.A), rating the stock as Underperform and setting a price target of $5. According to the analyst, due to Brazil’s dismal economic conditions, Nu Holdings Ltd. (NYSE:NU.A) would have both short and long-term hurdles in monetizing its extensive client base.

Nu Holdings Ltd. (NYSE:NU.A) is a new arrival in Joshua Kushner’s portfolio, as his hedge fund bought about 22.33 million shares of the company in Q4, worth $209.48 million. By the end of the fourth quarter of 2021, Insider Monkey identified 28 hedge funds that had stakes in Nu Holdings Ltd. (NYSE:NU.A). The total value of these stakes was over $4.61 billion.

Nu Holdings Ltd. (NYSE:NU.A), on February 22, posted earnings for the fourth quarter. The reported loss per share was $0.10, missing estimates by $0.06. Revenue over the period came in at $1.7 million, below the market predictions by $1.4 billion.