Nu Holdings (NU) shares fell 7.1% in Q2 2026 due to lower-than-expected Q1 earnings, provisions exceeding expectations by 37%, and the unexpected departure of its CFO, which also dampened market sentiment. Baron Global Opportunity Fund noted in its investor letter that despite these short-term impacts on performance, the fund utilized the share price pullback to increase its stake in Nu Holdings and adopted a more cautious investment strategy regarding its expansion in the United States.