Top 5 Stock Picks of Imran Khan’s Proem Advisors

1. MercadoLibre, Inc. (NASDAQ:MELI)

Proem Advisors’ Stake Value: $16,201,000

Percentage of Proem Advisors’ 13F Portfolio: 12.71%

Number of Hedge Fund Holders: 74

Ranking first on our list of the top stock picks by Imran Khan’s Proem Advisors is MercadoLibre, Inc. (NASDAQ:MELI), an Argentine company providing an online marketplace for auctions and e-commerce. MercadoLibre, Inc. (NASDAQ:MELI) is the most visited online shopping platform in Latin America, and is traded as a NASDAQ 100 component. 

Khan’s Proem Advisors owns 10,400 shares in MercadoLibre, Inc. (NASDAQ:MELI), worth $16.2 million, representing 12.71% of Khan’s 13F Q2 portfolio.

Of the hedge funds tracked by Insider Monkey at the end of June, 74 funds were long MercadoLibre, Inc. (NASDAQ:MELI), up from 69 in the previous quarter. 

Here is what Polen Capital has to say about MercadoLibre, Inc. (NASDAQ:MELI) in its Q2 2021 investor letter:

“Argentina-based MercadoLibre operates Latin America’s leading ecommerce website and digital wallet. Both e-commerce and consumer finance are underpenetrated among the nearly 400 million citizens living in the company’s three largest markets: Brazil, Argentina, and Mexico.

MercadoLibre’s digitally native solution gives more than 70 million users an easy access point for both online shopping and a digital wallet.

From humble beginnings as a third-party marketplace, MercadoLibre’s management built the business over the last twenty years by steadily expanding the platform’s reach with new services to suit both merchants and consumers. Today’s offerings include financing capabilities for buyers and sellers, logistics, loyalty programs, classifieds listings, and grocery items. We think MercadoLibre can compound earnings at a 25% rate for the next five years.”

You can also take a look at 10 Best Stocks Under $10 According to Billionaire Daniel Och’s OZ Management and Top 10 SPACs to Buy According to Richard Gerson’s Falcon Edge Capital.

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