Growth Stock Portfolio: 5 Companies with At Least 30% Annual Growth Rates

3. Mercadolibre, Inc. (NASDAQ:MELI)

5-Year Annual Sales Growth: 64.88%

Number of Hedge Fund Holders: 76

MercadoLibre, Inc. (NASDAQ:MELI) is a leading e-commerce technology company in Latin America, headquartered in Buenos Aires, Argentina. It was established in 1999 and operates through its key platforms, MercadoLibre.com and MercadoPago.com. MercadoLibre, Inc. (NASDAQ:MELI) offers a range of solutions for individuals and businesses involved in online buying, selling, advertising, and payment transactions.

As of Q3 2023, the company’s shares were held by 76 prominent hedge funds, with a total value of over $3.38 billion. Generation Investment Management was identified as the largest hedge fund shareholder, holding 480,480 shares valued at $609.19 million.