Barlow Wealth Partners Reduces its MercadoLibre Stake to Nearly Nothing

• Sell reduced MercadoLibre to 0.09% of reportable AUM

• Top holdings aft the filing:

  • NASDAQ: GOOGL: $73.38 cardinal (8.2% of AUM)

  • NASDAQ: NVDA: $44.92 cardinal (5.0% of AUM)

  • NASDAQ: MSFT: $42.78 cardinal (4.8% of AUM)

  • NASDAQ: COST: $35.11 cardinal (3.9% of AUM)

  • NYSE: V: $34.28 cardinal (3.8% of AUM)

• As of April 20, 2026, shares were priced astatine $1,870.08, down 9.1% implicit 1 year, underperforming the S&P 500 by 45.5 percent points

• The MercadoLibre presumption was antecedently 2.1% of the fund’s AUM arsenic of the anterior quarter

• Fund reported 137 positions and $900.01 cardinal successful U.S. equity AUM arsenic of March 31, 2026

• Offers online commerce platforms, fintech services (Mercado Pago), logistics (Mercado Envios), classifieds, advertising, and integer storefront solutions crossed Latin America

• Generates gross chiefly from marketplace transaction fees, outgo processing, recognition products, and value-added logistics and advertizing services

• Serves businesses, merchants, and idiosyncratic consumers successful Latin America, with a absorption connected e-commerce participants and users of integer fiscal services

MercadoLibre, Inc. is simply a starring e-commerce and fintech supplier successful Latin America, operating astatine standard with implicit $28.89 cardinal successful trailing 12 months gross and a marketplace capitalization of $94.60 billion. The institution integrates marketplace, payment, credit, and logistics solutions, enabling seamless integer commerce and fiscal transactions for millions of users. MercadoLibre's diversified concern exemplary and beardown determination beingness supply a competitory borderline successful high-growth emerging markets.

Barlow Wealth Partners didn’t adjacent retired its MercadoLibre position, but it came close. It reduced the fig of shares it was holding by 95% to conscionable 430 astatine the extremity of March.

Barlow Wealth Partners whitethorn beryllium losing assurance successful MercadoLibre owed to reduced operating margins. The e-commerce and user concern concern has been lowering costs to support a competitory edge. Trailing 12-month gross has grown astir 132% implicit the past 3 years. Unfortunately, a batch little is reaching the bottommost line. The company’s operating borderline peaked supra 15% successful 2023 and has since declined to 11.1%.