Loomis Sayles, an investment management company, released its “Global Growth Fund” investor letter for the fourth quarter of 2025. A copy of the letter can be downloaded here. The Fund prioritizes investments in high-quality companies that possess a lasting competitive advantage and long-term growth drivers, capable of generating attractive cash flow and sustained value for investors. The Fund returned -3.05% in Q4 2025 compared to 3.29% for the MSCI ACWI Index Net. As a patient investor, the firm maintains coverage of high-quality businesses to capitalize on meaningful price dislocations. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Loomis Sayles Global Growth Fund highlighted MercadoLibre, Inc. (NASDAQ:MELI) as one of its leading detractors. MercadoLibre, Inc. (NASDAQ:MELI) is an online commerce platform that operates Mercado Libre Marketplace and Mercado Pago FinTech platforms. On February 12, 2026, MercadoLibre, Inc. (NASDAQ:MELI) stock closed at $2,007.00 per share. One-month return of MercadoLibre, Inc. (NASDAQ:MELI) was -3.28%, and its shares lost 4.88% of their value over the last three months. MercadoLibre, Inc. (NASDAQ:MELI) has a market capitalization of $101.749 billion.
Loomis Sayles Global Growth Fund stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its fourth quarter 2025 investor letter:
“MercadoLibre, Inc. (NASDAQ:MELI) is the largest online commerce platform in Latin America. The company offers its users an ecosystem of six integrated e-commerce services that include its marketplace, payment and fintech solutions, shipping and logistics, advertising, classified listings, and merchant web services. In its most recent fiscal year, commerce and related services accounted for approximately 59% of net revenue, while payments and fintech solutions accounted for approximately 41%. The company operates in 18 countries representing the vast majority of Latin American GDP, and its 218 million active users, last disclosed in 2023, represented over 45% of the region’s estimated 480 million total internet users. We believe MercadoLibre benefits from strong and sustainable competitive advantages that include its network and ecosystem, brand, and understanding of local markets that collectively contribute to its leadership position in each market it serves. With continued growth in internet access, increasing availability of credit, and the company’s continuing investments to improve the ease and convenience of transacting online, we believe MercadoLibre remains well positioned for sustained growth over the next decade, driven by the secular growth of e-commerce across Latin America.
A fund holding since inception, MercadoLibre reported strong quarterly financial results that were above consensus expectations for gross merchandise volume (GMV) and revenue but below expectations for operating income, and earnings per share due to elevated investments in the period. Shares were pressured post earnings on concerns around continued elevated investments and increasing competitive intensity heading into the fourth quarter holiday season. The company continues to execute well and gained market share in e-commerce, payments, and financial services. Since 2019, the company’s GMV has increased by almost 5 times, reflecting the high value proposition to consumers, and the company continues to invest in providing better selection, price, and service…” (Click here to read the full text)
MercadoLibre, Inc. (NASDAQ:MELI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 109 hedge fund portfolios held MercadoLibre, Inc. (NASDAQ:MELI) at the end of the third quarter, which was 116 in the previous quarter. In Q3 2025, MercadoLibre, Inc. (NASDAQ:MELI) reported 39% year-on-year growth. While we acknowledge the risk and potential of MERCADOLIBRE, INC. (NASDAQ:MELI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MERCADOLIBRE, INC. (NASDAQ:MELI) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered MercadoLibre, Inc. (NASDAQ:MELI) and shared a list of best digital currency and payments stocks to buy. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
