Baron Funds released its second-quarter 2025 investor letter for the “Baron Global Advantage Fund,” showing a 22.7% return compared to the MSCI ACWI Index’s 11.5% gain. Nu Holdings Ltd. (NYSE:NU) was highlighted in the letter, a digital banking platform with a one-month return of -11.48% and a market cap of $58.038 billion.

The Fund initiated a position in Nu Holdings Ltd. (NYSE:NU), a Latin American digital bank disrupting the traditional banking system. Nu has over 100 million users and is expanding rapidly in new markets. Tesla signed a $16.5B AI chip deal with Samsung, a move praised by Musk for its significance. Nu Holdings Ltd. (NYSE:NU) is not among the 30 most popular stocks among hedge funds, with 80 hedge fund portfolios holding it at the end of the first quarter.

Nu Holdings Ltd. (NYSE:NU) was recommended in another article as one of the best global stocks to buy. For more investor letters from hedge funds and leading investors, visit the hedge fund investor letters Q2 2025 page. Explore articles on the best and worst Dow stocks and 10 unstoppable stocks that could double your money. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: What Makes Nu Holdings Ltd. (NU) an Investment Bet?