Warren Buffett’s Recent Buys: Top 3 Stocks

2. Nu Holdings Ltd. (NYSE:NU)

Stock added to the portfolio in: Q4 2022

Percentage of Berkshire Hathaway’s portfolio as of Q2 2023: 0.24%

Nu Holdings Ltd. (NYSE:NU) is a Brazilian neobank. Neobanks or challenger banks are fintech firms operating exclusively online through apps and software. It was founded in 2013 and launched its IPO in December 2021.

In the second quarter of 2023, Nu Holdings Ltd. (NYSE:NU) was owned by 44 hedge funds with a combined stake value of over $2.865 billion. In the previous quarter, it was owned by 38 hedge funds with a stake worth over $1.6 billion. Berkshire Hathaway was the most significant hedge fund holder of Nu Holdings Ltd. (NYSE:NU) in Q2 with over 107 million shares worth $845.167 million. Warren Buffett added the company to his investment portfolio in the fourth quarter of 2022.

In Q2 2023, Nu Holdings Ltd. (NYSE:NU) was highly profitable compared to the same quarter of the previous year. In Q2 2022, the company posted a net loss of $29.9 million, while in the same quarter of 2023, Nu Holdings Ltd. (NYSE:NU) recorded a net income of $224.9 million. The company’s gross profit margin increased to 42% in Q2 2023, compared to 31% in Q2 of the previous year. Additionally, Nu Holdings Ltd. (NYSE:NU) generated a revenue of $1.9 billion to beat the Wall Street forecasts by $120 million.

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