DLocal Limited
US ˙ NasdaqGS ˙ KYG290181018

SecurityDLO / DLocal Limited
InstitutionMorgan Stanley
Latest Disclosed Ownership2,234,935 shares
Latest Disclosed Value $ 28,987,107
Morgan Stanley reports 7.42% increase in ownership of DLO / DLocal Limited

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 2,234,935 shares of DLocal Limited (US:DLO) valued at $28,987,107 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 2,080,513 shares of DLocal Limited. This represents a change in shares of 7.42% during the quarter. The current value of the position is $26,305,185 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F DLOCAL CLASS A COM G29018101 2,234,935 154,422 7.42 28,987 -1.47 0.0017
2026-05-27 2025-12-31 13F/A-1 DLOCAL CLASS A COM G29018101 2,080,513 99,790 5.04 29,418 4.01 0.0018
2026-02-13 2025-12-31 13F DLOCAL CLASS A COM G29018101 2,080,513 99,790 29,418 0.0018
2026-05-27 2025-09-30 13F/A-1 DLOCAL CLASS A COM G29018101 1,980,723 859,656 76.68 28,285 122.50 0.0017
2025-11-14 2025-09-30 13F DLOCAL CLASS A COM G29018101 1,980,723 859,656 28,285 0.0017
2025-08-15 2025-06-30 13F DLOCAL CLASS A COM G29018101 1,121,067 28,886 2.64 12,713 39.57 0.0008
2025-05-15 2025-03-31 13F DLOCAL CLASS A COM G29018101 1,092,181 -13,835 -1.25 9,109 -26.86 0.0007
2025-05-15 2024-12-31 13F/A-1 DLOCAL CLASS A COM G29018101 1,106,016 -2,622,384 -70.34 12,454 -58.25 0.0009
2025-02-14 2024-12-31 13F DLOCAL CLASS A COM G29018101 1,106,016 -2,622,384 12,454 0.0009
2025-05-14 2024-09-30 13F/A-2 DLOCAL CLASS A COM G29018101 3,728,400 -837,267 -18.34 29,827 -19.25 0.0022
2025-02-14 2024-09-30 13F/A-1 DLOCAL CLASS A COM G29018101 3,728,400 -837,267 29,827 0.0022
2024-11-14 2024-09-30 13F DLOCAL CLASS A COM G29018101 3,728,400 -837,267 29,827 0.0022
2025-05-14 2024-06-30 13F/A-2 DLOCAL CLASS A COM G29018101 4,565,667 1,463,032 47.15 36,936 -19.01 0.0029
2024-10-17 2024-06-30 13F/A-1 DLOCAL CLASS A COM G29018101 4,565,667 1,463,032 36,936 0.0029
2024-08-14 2024-06-30 13F DLOCAL CLASS A COM G29018101 4,565,667 1,463,032 36,936 0.0029
2024-10-17 2024-03-31 13F/A-2 DLOCAL CLASS A COM G29018101 3,102,635 118,412 3.97 45,609 -13.60 0.0037
2024-08-16 2024-03-31 13F/A-1 DLOCAL CLASS A COM G29018101 3,102,635 118,412 45,609 0.0004
2024-05-15 2024-03-31 13F DLOCAL CLASS A COM G29018101 3,102,635 118,412 45,609 0.0037
2024-08-16 2023-12-31 13F/A-1 DLOCAL CLASS A COM G29018101 2,984,223 -119,043 -3.84 52,791 -11.26 0.0047
2024-02-13 2023-12-31 13F DLOCAL CLASS A COM G29018101 2,984,223 -119,043 52,791 0.0047
2023-11-15 2023-09-30 13F DLOCAL CLASS A COM G29018101 3,103,266 -196,735 -5.96 59,490 47.70 0.0060
2023-08-14 2023-06-30 13F DLOCAL CLASS A COM G29018101 3,300,001 -300,919 -8.36 40,277 -31.04 0.0040
2023-05-15 2023-03-31 13F DLOCAL CLASS A COM G29018101 3,600,920 1,304,211 56.79 58,407 63.33 0.0063
2023-02-14 2022-12-31 13F DLOCAL CLASS A COM G29018101 2,296,709 -144,440 -5.92 35,760 -28.61 0.0041
2022-11-14 2022-09-30 13F DLOCAL CLASS A COM G29018101 2,441,149 162,775 7.14 50,092 -16.25 0.0068
2022-10-27 2022-06-30 13F/A-1 DLOCAL CLASS A COM G29018101 2,278,374 282,631 14.16 59,808 -4.13 0.0078
2022-08-15 2022-06-30 13F DLOCAL CLASS A COM G29018101 2,278,374 282,631 59,808 0.0016
2022-10-27 2022-03-31 13F/A-1 DLOCAL CLASS A COM G29018101 1,995,743 1,938,479 3,385.16 62,387 2,952.20 0.0084
2022-05-13 2022-03-31 13F DLOCAL CLASS A COM G29018101 1,995,743 1,938,479 62,387 0.0084
2022-02-14 2021-12-31 13F DLOCAL CLASS A COM G29018101 57,264 -25,404 -30.73 2,044 -54.69 0.0003
2021-11-15 2021-09-30 13F DLOCAL CLASS A COM G29018101 82,668 45,371 121.65 4,511 130.15 0.0006
2021-08-23 2021-06-30 13F/A-1 DLOCAL CLASS A COM G29018101 37,297 37,297 1,960 0.0003
2021-08-16 2021-06-30 13F DLOCAL CLASS A COM G29018101 37,297 37,297 1,960 0.0003
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.