Warren Buffett reveals size of billion-dollar investment in Brazil’s Nubank

RIO DE JANEIRO, BRAZIL – Warren Buffett, one of the most successful investors in history, announced his strategic decisions for the last quarter of 2021. Among them, information about the size of his investment in Nubank last year.

The Oracle of Omaha held a position worth US$1 billion at the end of 2021, according to filings with the Securities and Exchange Commission (SEC), the equivalent of CVM in the U.S. market.

That volume represented a 3.10% stake in Nu Holdings, as Nubank has been registered with the SEC since it filed to go public and list on the New York Stock Exchange. The debut took place on Dec. 9.

At that time, Nubank’s market value was US$32.4 billion, and its share price was US$9.38. At the close of the market on Tuesday, Feb. 15, the price was US$9.15.

Buffett holds the position in the digital bank through his investment holding company Berkshire Hathaway. In terms of value, it is the 23rd largest position in the company’s portfolio – at over US$1 billion.

In percentage terms, Nubank is the 20th company in which Buffett holds the largest stake. On that list, Apple tops the list, with a stake worth US$157.5 billion at the end of 2021.

Buffett took a stake in Nubank’s capital last July, contributing US$500 million on the occasion of the Brazilian digital bank’s Series G expansion.

This would have represented a 100% increase in value in just six months, but at the time of the IPO, Bloomberg reported, citing sources, that the billionaire would have increased his position by acquiring 10% of the shares for sale in the offering.