The hedge fund reduced its position by 487,291 shares in Q1, cutting MercadoLibre to 0.0010% of its AUM.
WCM Investment Management sold 487,291 shares of MercadoLibre (MELI) in the first quarter, valued at $940 million, according to an SEC filing. The remaining stake was 270 shares, worth $437,184 at quarter-end, with the net position declining by $984.87 million.
The move reduced MercadoLibre to 0.0010% of WCM’s reportable 13F assets under management as of March 31, 2026. The stock underperformed the S&P 500 by 48.76 percentage points over the past year, trading at $1,841.14 on May 6, 2026, down 17.4%.
WCM’s top holdings after the filing included Taiwan Semiconductor (TSM) at $2.95 billion and Sea Limited (SE) at $2.64 billion, among others.