Coronation Fund Managers, they bought more MercadoLibre. Fifty-three thousand, three hundred and fifty-two shares, worth around $112 million. Just a little flutter on the future, you might say. So it goes.
What Happened
The paperwork says they increased their stake in MercadoLibre during the last quarter. $112 million is a lot of money, of course, but money is just a story we tell ourselves. The total value of their holdings is now $285.59 million, up $78.93 million. Numbers. They keep changing. So it goes.
What Else To Know
This MercadoLibre piece now makes up 12.81% of their $2.23 billion portfolio. Nearly a tenth. That’s a commitment. Like deciding to name a pet. You’re stuck with it for a while. So it goes.
Here’s how the rest of their bets are looking:
- NASDAQ:MELI: $285.59 million (12.8%)
- NYSE:SE: $285.19 million (12.8%)
- NYSE:NU: $241.11 million (10.8%)
- NYSE:CPNG: $140.04 million (6.3%)
- NASDAQ:MMYT: $102.76 million (4.6%)
As of January 28th, MercadoLibre was trading around $2,268.60 a share. Up almost 20% in a year. Beating the S&P 500 by a little. A little victory in a world full of defeats. So it goes.
Company Overview
| Metric | Value |
|---|---|
| Price (January 28) | $2,268.60 |
| Market capitalization | $114.02 billion |
| Revenue (TTM) | $26.19 billion |
| Net income (TTM) | $2.08 billion |
Company Snapshot
MercadoLibre is a big e-commerce and payments platform in Latin America. They move things around, take a cut, and try not to think too much about the meaning of it all. They serve businesses and people. Sellers and buyers. Everyone’s just trying to get by. So it goes.
They’ve built an ecosystem of marketplaces, payments, credit, and logistics. It’s all connected. Like the nervous system of a giant, digital beast. And it’s growing. So it goes.
What This Transaction Means For Investors
The size of the purchase isn’t really the point. It’s where this stock lives in their portfolio. Nearly 13%. That’s a serious vote of confidence. They’re putting their chips on the table. They believe this thing still has some room to run. A rare thing these days. So it goes.
MercadoLibre is scaling across commerce, payments, and credit. They’re getting more engagement, more money per user. Revenue is up. Margins are expanding. Logistics are improving. It’s a virtuous cycle. Or at least, it is for now. So it goes.
This fund also likes Sea, Nubank, and Coupang. Bets on digital infrastructure in places where it’s still needed. Adding to MercadoLibre suggests they think it can keep its moat intact, even as it gets bigger. A big ask, but someone has to try. So it goes.
We all build our little castles in the sand, don’t we? Hoping the tide won’t come in. So it goes.
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2026-01-31 19:02