DLO

dLocal

Exit Classification

Reallocation

Opened

Jul 15, 2025

Closed

Jun 1, 2026

Held

321 days · 0.9y

Geography

Latin America

Market Cap

Mid Cap

Price History

Full price history shown. Exit marker indicates the date of final sale.

Research Record

Original Thesis

Cross-border payments exposure in emerging markets with a high-growth processing volume profile.

What Changed

The thesis matured into a slower-growth profile relative to other Latin America fintech expressions, and capital was better deployed elsewhere in the Roth.

Why I Exited

Reallocated to higher-conviction holdings.

Lesson

A modest gain on a slower-growth thesis is still a fair recycle point when better opportunities exist.