Overbrook Management sold its entire position in MercadoLibre, valued at $13.07 million, during the fourth quarter. This marked a notable shift in portfolio composition, with MercadoLibre previously accounting for 2.35% of fund AUM. The move is significant as Overbrook’s top holdings now include NVIDIA, Alphabet, Microsoft, Broadcom, and Meta. Despite the sale, MercadoLibre reported strong fundamentals, with $7.4 billion in revenue, $724 million in operating income, and $421 million in net income in the most recent quarter. The company offers online commerce, digital payments, fintech solutions, logistics, and advertising services across Latin America, catering to individuals, merchants, and businesses seeking e-commerce and financial services in the region.

Read more at Yahoo Finance: Why a $13 Million MercadoLibre Exit Means for Investors After a 25% Run