Billionaire Ken Fisher’s 10 Finance Stock Picks with Huge Upside Potential

5. Nu Holdings Ltd. (NYSE:NU)

Number of Hedge Fund Holders: 79

Upside Potential: 43.42%

Nu Holdings Ltd. (NYSE:NU) runs one of Latin America’s biggest digital banking platforms. It offers integrated financial services in credit, payments, insurance, and telecom. It also offers travel services through NuTravel and NuCel, with key business in Brazil, Mexico, and Colombia. With over 114 million customers, the company is dominating retail banking in the region.

For the year ended December 31, 2024, Nu Holdings Ltd. (NYSE:NU) reported a YoY revenue increase of 58% on a foreign-exchange-neutral basis, taking revenue to $11.5 billion. Its yearly profit nearly doubled to $2 billion, thanks to growing loans and tight cost control with a 30% efficiency ratio. While Q4 profit hit $553 million, adjusted profit increased by 87% to $610 million. The company now makes about $10.70 per customer (up 23%), as deposits and interest-earning assets went up by 55% and 75%, respectively.

Additionally, the total credit portfolio grew 45% for Nu Holdings Ltd. (NYSE:NU), with secured lending skyrocketing 615%. While Brazil remains its powerhouse, adding 1 million new customers monthly and grabbing 30% of FGTS loans. In Mexico and Colombia, deposits shot up 438% to $1.3 billion, respectively, showing the company’s regional expansion is performing well.

The Ken Fisher Stock Portfolio has Nu Holdings Ltd. (NYSE:NU) in its portfolio, betting on its digital model’s future. As the company expands beyond basic banking and builds out AI systems, it stands apart from traditional finance stocks. Its growing customer revenue and lean operations continue to challenge banking norms in emerging markets.