MercadoLibre remains a 'Buy,' with compelling valuation and robust growth trends despite lagging Latin American peers over the past year. MELI's Q3 revenue grew 40% YoY, but EPS missed consensus due to higher investment, shipping, and Argentine FX losses; profitability trends remain strong. Management continues prioritizing long-term growth investments, even as near-term margins narrow and EPS ...
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MercadoLibre stands out as a compelling rebound buy after a ~20% correction from recent highs. I see MELI's fundamentals accelerating despite global macroeconomic headwinds and persistent geopolitical risks in Latin America. The company's dual-engine model—e-commerce and fintech—dominates Brazil, Argentina, and Mexico, with logistics and payments as key value drivers.
A new report confirms MercadoLibre's market leadership in Chile. Local rival Falabella is gaining ground, but it's a lot harder to invest in, than is MercadoLibre.
In Q4 2025, Polen Capital initiated a new position in Tencent Holdings and Spotify and sold its positions in Sage Group, Willis Towers Watson, ICON Plc, and Workday. Eli Lilly was the top performing relative contributor in Q4. The primary drag for the quarter was Oracle, accounting for almost all of the Portfolio's relative underperformance in Q4.
Increased MercadoLibre stake by 36,862 shares Quarter-end position value rose by $51.45 million, reflecting both trading activity and share price movement Post-trade holding: 116,848 shares, valued at $238.37 million at quarter-end MercadoLibre now accounts for 27.5% of Northcape's 13F AUM, making it the fund's largest holding
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