Summary by Futu AI
Baillie Gifford & Co, a UK-based investment firm, has filed a Schedule 13G with the SEC, revealing a significant stake in Nu Holdings Ltd. As of September 30, 2024, Baillie Gifford & Co reported beneficial ownership of 210,103,451 shares of Nu Holdings, which represents 5.67% of the company's common stock class. The filing indicates that Baillie Gifford & Co has sole voting power over 151,604,208 shares and sole dispositive power over the entire 210,103,451 shares. The investment firm has declared that the acquisition of these shares is for investment purposes and not with the intent to change or influence the control of Nu Holdings. The shares are held on behalf of Baillie Gifford & Co's investment advisory clients, which may include registered investment companies, employee benefit plans, pension funds, and other institutional clients.