Just caught something interesting in the latest SEC filings. Main Street Research dumped their entire MercadoLibre stake - we're talking about 15,000 shares here, roughly $37 million worth. They had been holding this position since mid-2024, but apparently decided to completely exit in Q4 2025.



What's notable is that this wasn't a small trim - they liquidated all 15,000 shares at once. The position had been sitting at about 2% of their portfolio, so this was a meaningful move. Their top holdings now are the usual suspects: Nvidia, Google, Microsoft, Apple. MELI just didn't make the cut anymore.

The timing is interesting because MercadoLibre has been struggling. Down roughly 1.3% over the year while the broader market climbed. Plus there's been pressure from bigger players moving into Latin America, and their fintech arm Mercado Pago took a hit from bad loan losses. Whether Main Street Research timed this right or bailed too early is anyone's guess, but dumping 15,000 shares suggests they weren't confident in the near-term outlook. Could be worth watching how this Latin American e-commerce story plays out from here.
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