Campbell Wilson’s Old Well Partners Is Buying These 5 Stocks

1. MercadoLibre, Inc. (NASDAQ:MELI)

Old Well Partners’ Stake Value: $21.73 million

Percentage of Old Well Partners’ 13F Portfolio: 11.2%

Number of Hedge Fund Holders: 68

MercadoLibre, Inc. (NASDAQ:MELI) is the largest holding of Campbell Wilson’s Old Well Partners, with approximately 13,000 shares worth $21.73 million, which represent 11.2% of the fund’s overall holdings. The company offers the largest e-commerce ecosystem in Latin America and operates in 18 countries around the continent.

In November, Trevor Young of research firm Barclays kept an ‘Overweight’ rating on MercadoLibre, Inc. (NASDAQ:MELI) shares, and raised the price target to $2,200 from $2,100.

68 hedge funds were long MercadoLibre, Inc. (NASDAQ:MELI) in Q3 2021, holding positions worth $4.37 billion. In comparison, 74 hedge funds held positions worth $4.02 billion in the firm a quarter ago.

Investment firm LRT Capital Management talked about MercadoLibre, Inc. (NASDAQ:MELI) in its Q3 2021 investor letter. Here’s what the fund said:

“Mercadolibre, Inc. (MELI) – the LatAm eCommerce, shipping, and payments company, is now trading at a very attractive valuation – its lowest P/S ratio ever. The concerns here have to do with the recession in Brazil and slowing economic growth throughout the region.”

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