MayTech Global Investments Trims Its $59 Million MercadoLibre Position: Should Investors Take Some Profits Too?

MayTech Global Investments, LLC, disclosed a reduction in its MercadoLibre (MELI) holdings during the third quarter, selling 1,148 shares and decreasing its position by an estimated $2.7 million. This transaction, reported in a Nov. 12, 2025 SEC filing, lowered MELI's representation in MayTech's 13F assets under management from 7.0% to 6.1%, with the remaining stake valued at $58.6 million. The move indicates a portfolio rebalancing or profit-taking by the institutional investor in the leading Latin American e-commerce and fintech platform.

Analysis

MayTech Global Investments, LLC, reduced its MercadoLibre (MELI) position by 1,148 shares during Q3 2025, as disclosed in a November 12, 2025 SEC filing. This sale, valued at an estimated $2.7 million, decreased MELI's representation within MayTech's 13F assets under management from 7.0% to 6.1%. Despite the reduction, MELI remains a significant holding for MayTech, with a reported market value of $58.6 million at quarter-end.

MercadoLibre, a dominant Latin American e-commerce and fintech platform, posted robust TTM revenues of $26.2 billion and net income of $2.1 billion. The company has demonstrated consistent growth, with sales increasing over 35% annually across the last one, five, and ten years. Its integrated ecosystem, encompassing e-commerce, digital payments (Mercado Pago), and logistics (Mercado Envios), underpins its competitive advantage in the region.

The institutional sale is likely a portfolio rebalancing or profit-taking maneuver, given MELI's prior appreciation from 4.8% to 7.0% of MayTech's AUM. Despite trading at 50 times forward earnings, the company's strong growth trajectory and leadership in emerging markets suggest continued upside. While MELI shares were up 7% over the past year, underperforming the S&P 500 by 2 percentage points, the stock is currently around 20% below its all-time high, presenting a potential "buy-the-dip" opportunity.

Key Decisions for Investors

• Investors should view MayTech's partial sale as a portfolio rebalancing or profit-taking event rather than a fundamental negative signal for MercadoLibre.
• Given MercadoLibre's consistent annual sales growth exceeding 35% over multiple periods and its strong market position in Latin American e-commerce and fintech, long-term growth investors may find its current valuation justifiable.
• Considering the stock is approximately 20% off its all-time high and its robust business fundamentals, investors could evaluate MELI as a potential 'buy-the-dip' candidate for strategic entry.