Tencent Affirms Nu Holdings Stake as of Dec 31, 2023

TL;DR

**Tencent still owns a piece of Nu Holdings, signaling continued confidence in the digital bank.**

AI Summary

Tencent Holdings Limited, a major Chinese technology conglomerate, filed an amended SC 13G/A on February 1, 2024, confirming its ownership of Class A Ordinary Shares in Nu Holdings Ltd. (NYSE: NU) as of December 31, 2023. This filing indicates Tencent continues to hold a significant, though passive, stake in the Brazilian digital bank. For investors, this means a large, influential tech company maintains its belief in Nu Holdings, potentially signaling long-term stability and growth prospects for the stock.

Why It Matters

This filing confirms a major institutional investor, Tencent, maintains its position in Nu Holdings, which can be seen as a vote of confidence in the company's future performance and stability.

Risk Assessment

Risk Level: low — This filing is a routine update confirming an existing passive investment, posing minimal new risk to investors.

Analyst Insight

Investors should view this as a confirmation of an existing, stable institutional holding rather than a new catalyst. It reinforces the long-term viability of Nu Holdings, but doesn't suggest immediate price movements.

Key Numbers

• US$0.000006666666667 — Par Value per Share (This is the nominal value of each Class A Ordinary Share of Nu Holdings Ltd.)

Key Players & Entities

• Tencent Holdings Limited (company) — the reporting person and investor in Nu Holdings Ltd.
• Nu Holdings Ltd. (company) — the subject company in which Tencent holds shares
• December 31, 2023 (date) — the date of the event requiring this filing
• Class A Ordinary Shares (company) — the type of securities held by Tencent in Nu Holdings Ltd.
• US$0.000006666666667 (dollar_amount) — the par value per share of Nu Holdings' Class A Ordinary Shares

Forward-Looking Statements

• Tencent will maintain its passive investment in Nu Holdings Ltd. for the foreseeable future. (Tencent Holdings Limited) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.000006666666667 — Class A Ordinary Shares, par value US$0.000006666666667 per share (Title of Class of Securiti

Filing Documents

• d746885dsc13ga.htm (SC 13G/A) — 95KB
• d746885dex99a.htm (EX-99.A) — 7KB
• 0001193125-24-021348.txt ( ) — 104KB

From the Filing

SC 13G/A 1 d746885dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Nu Holdings Ltd. (Name of Issuer) Class A Ordinary Shares, par value US$0.000006666666667 per share (Title of Class of Securities) G6683N103 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. G6683N103 SCHEDULE 13G/A Page 1 of 9 1. Names of Reporting Persons Tencent Holdings Limited 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. Sole Voting Power 244,712,989 Class A Ordinary Shares 6. Shared Voting Power 0 7. Sole Dispositive Power 244,712,989 Class A Ordinary Shares 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 244,712,989 Class A Ordinary Shares 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 6.7% 12. Type of Reporting Person (See Instructions) CO CUSIP No. G6683N103 SCHEDULE 13G/A Page 2 of 9 1. Names of Reporting Persons Tencent Cloud Europe B.V. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Netherlands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. Sole Voting Power 0 6. Shared Voting Power 0 7. Sole Dispositive Power 0 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 0 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 0% 12. Type of Reporting Person (See Instructions) CO CUSIP No. G6683N103 SCHEDULE 13G/A Page 3 of 9 1. Names of Reporting Persons Aceville Pte. Ltd. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Singapore NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. Sole Voting Power 0 6. Shared Voting Power 0 7. Sole Dispositive Power 0 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 0 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 0% 12. Type of Reporting Person (See Instructions) CO CUSIP No. G6683N103 SCHEDULE 13G/A Page 4 of 9 1. Names of Reporting Persons TCH Delta Limited 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization British Virgin Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. Sole Voting Power 0 6. Shared Voting Power 0 7. Sole Dispositive Power 0 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 0 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 0% 12. Type of Reporting Person (See Instructions) CO CUSIP No. G6683N103 SCHEDULE 13G/A Page 5 of 9 1. Names of Reporting Persons Huang River Investment Limited 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization British Virgin Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. Sole Voting Power 237,294,069 Class A Ordinary Shares 6. Shared Voting Power 0 7. Sole Dispositive Power 237,294,069 Class A Ordinary Shares 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 237,294,069 Class A Ordinary Shares 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See

View Full Filing

View this SC 13G/A filing on SEC EDGAR