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

MayTech Global Investments reduced its position in MercadoLibre (MELI) during Q3 2025 by selling 1,148 shares, an estimated $2.7 million decrease, bringing its stake to 6.1% of AUM, though it remains the fund's fifth-largest holding. This adjustment is largely interpreted as profit-taking or portfolio rebalancing, rather than a bearish signal, given MayTech's long-term investment and MercadoLibre's sustained strong growth and strategic importance in the Latin American e-commerce and fintech sectors.

Analysis

MayTech Global Investments reduced its MercadoLibre (MELI) position by 1,148 shares, equating to a $2.7 million decrease in value during Q3 2025. This transaction lowered MELI's allocation within MayTech's 13F AUM from 7.0% to 6.1%, though it remains the fund's fifth-largest holding at $58.6 million. The sale represents a minor 0.3% of MayTech's total AUM, suggesting a rebalancing rather than a significant shift in conviction.

Despite the sale, MELI shares were priced at $2,099.57 as of November 11, 2025, reflecting a 7% year-over-year increase, albeit underperforming the S&P 500 by 2 percentage points. MercadoLibre demonstrates robust fundamentals, with sales growing over 35% annually across the last one, five, and ten years. The company, valued at a $106.7 billion market cap and trading at 50x forward earnings, is a dominant e-commerce and fintech platform in Latin America.

Analyst sentiment suggests the reduction is likely profit-taking or portfolio rebalancing, especially given MELI's prior growth from 4.8% to 7.0% of MayTech's portfolio. The stock is considered a "buy-the-dip" candidate, trading approximately 20% below its all-time high, with a "moderately positive" overall sentiment and "bullish" tone from the article. MELI's strong growth optionality and leadership in emerging markets continue to underpin its long-term investment appeal.

Key Decisions for Investors

• Consider the recent reduction in MayTech's MercadoLibre position as portfolio rebalancing or profit-taking rather than a bearish signal, given the fund's long-term holding and MELI's strong fundamentals.
• Evaluate MercadoLibre as a potential "buy-the-dip" opportunity, especially with the stock trading 20% below its all-time high and maintaining over 35% annual sales growth.
• Monitor MELI's continued expansion in the Latin American e-commerce and fintech sectors, leveraging its diversified services and competitive advantages in emerging markets.