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Corporate Score 32 Bearish

RWC Asset Advisors Fully Liquidates MercadoLibre Position

Apr 28, 2026 12:25 UTC
MELI
Short term

Florida-based RWC Asset Advisors has completely exited its stake in Latin American e-commerce leader MercadoLibre. The move follows a period of margin compression and stock underperformance relative to the broader market.

  • Sold 24,608 shares for an estimated $47.47 million
  • Position previously comprised 9.4% of fund AUM
  • Operating margins declined from 16% in 2023 to ~11%
  • Stock underperformed S&P 500 by 47.4 percentage points over one year
  • Recent quarterly revenue growth remains strong at 45%

RWC Asset Advisors (U.S.) LLC disclosed in a recent SEC filing that it has fully liquidated its holdings in MercadoLibre (MELI), selling 24,608 shares. The transaction is estimated at approximately $47.47 million, based on the quarterly average price. The exit represents a significant shift for the fund, as the position previously accounted for 9.4% of its reportable assets under management (AUM). Following the completion of the trade, the fund's position in the company has been reduced to zero. This divestment occurs as MercadoLibre faces a challenging price environment. The stock has declined 16.8% over the past twelve months, underperforming the S&P 500 by 47.4 percentage points. Investors have also noted a slide in operating margins, which fell from 16% in 2023 to approximately 11% over the last year. Despite the margin compression—which is largely attributed to the company's aggressive investment in its regional logistics network—MercadoLibre continues to demonstrate strong top-line momentum. The company reported revenue growth of 45% in its most recent quarter, supported by its integrated marketplace and digital financial services ecosystem across Latin America.

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