The hedge fund sold 42,700 shares of MELI, reducing its position amid a 37.3% year-over-year decline in the stock.
NWI Management LP sold its entire 42,700-share position in MercadoLibre (NASDAQ: MELI) during the first quarter, totaling $82.37 million based on the average closing price. The quarter-end value of the position fell by $86.01 million, reflecting both the sale and share price movements.
The MercadoLibre stake represented 2.3% of the fund’s assets under management in the prior quarter. As of May 14, 2026, MELI shares traded at $1,607.37, down 37.3% over the past year and underperforming the S&P 500 by 64.61 percentage points.
NWI Management’s top holdings post-sale include QQQ ($354.79 million), INSM ($165.81 million), and NTRA ($152.51 million). The fund reported $1.76 billion in total U.S. equity holdings across 51 positions at quarter-end.