On January 29, Coronation Fund Managers revealed a purchase of MercadoLibre (NASDAQ:MELI)adding 53,352 shares in an estimated transaction of $112.06 million based on the quarterly average price.
According to a Jan. 29 SEC filing, Coronation Fund Managers increased its stake in MercadoLibre (NASDAQ:MELI) for 53,352 shares during the fourth quarter. The estimated value of the transaction was 112.06 million dollars based on the average closing price of the period. The total value of the position at the end of the quarter was $285.59 million, an increase of $78.93 million from the previous filing and reflecting both new purchases and share price changes.
Coronation Fund Managers increased its position in MercadoLibre, raising the stake to 12.81% of its $2.23 billion of reportable assets under management as of December 31.
Main participations after the presentation:
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NASDAQ:MELI: $285.59 million (12.8% of assets under management)
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New York Stock Exchange:SE: $285.19 million (12.8% of assets under management)
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NYSE:NU: $241.11 million (10.8% of assets under management)
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New York Stock Exchange:CPNG: $140.04 million (6.3% of assets under management)
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NASDAQ:MMYT: $102.76 million (4.6% of assets under management)
As of January 28, MercadoLibre shares were priced at $2,268.60, up 19.7% from last year and outperforming the S&P 500 by 4.68 percentage points.
|
Metric |
Worth |
|---|---|
|
Price (as of January 28) |
$2,268.60 |
|
Market capitalization |
$114.02 billion |
|
Revenue (TTM) |
$26.19 billion |
|
Net income (TTM) |
2.08 billion dollars |
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MercadoLibre operates a leading e-commerce and digital payments platform serving businesses and consumers throughout Latin America.
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The company generates revenue primarily through transaction fees on its marketplace, financial services, logistics, and value-added services for merchants and consumers.
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It serves businesses, merchants and individual consumers in Latin America, targeting both sellers and buyers seeking online commerce and digital financial solutions.
MercadoLibre is a leading e-commerce and fintech platform in Latin America, operating at a significant scale with a broad regional presence. The company leverages its integrated ecosystem of online marketplaces, digital payments, credit and logistics to drive growth and deepen user engagement. Its competitive advantage arises from a strong network effect and a diversified set of technology-driven services tailored to the unique needs of the Latin American market.
What matters here is not the size of the purchase but the role that this holding company now plays within the portfolio. At nearly 13% of reportable assets, this position ranks alongside the fund’s highest conviction ideas, indicating a willingness to concentrate capital where long-term capitalization still appears intact. This stands out in a portfolio that already has a heavy weight in emerging market growth and platform businesses.
The last quarter reinforces the reason. MercadoLibre continues to scale in commerce, payments and credit at the same time, and its ecosystem drives greater engagement and monetization per user. Revenue growth remains strong (up 39% year-over-year in the third quarter), margins are expanding, and logistics investments are increasingly paying off through faster delivery and better unit economics. Importantly, the company’s fintech division continues to deepen customer relationships, giving the platform multiple ways to grow without relying solely on retail volume.
This fund combines MercadoLibre with names like Sea, Nubank and Coupang, all of them betting on digital native infrastructure in underpenetrated markets. In that framework, adding here suggests confidence that MercadoLibre’s competitive moat remains intact despite its size.