Pictet North America Advisors SA bought 2,703 shares of MercadoLibre in the fourth quarter, according to a filing with the Securities and Exchange Commission dated January 16. The transaction was valued at an estimated $5.68 million, based on the average share price during the quarter.
The fund's total holdings of MercadoLibre shares now stand at 9,342. At the end of the quarter, the value of this position was reported as $18.82 million.
The quarter-end value of the MercadoLibre stake increased by $3.30 million. This change reflects both the addition of new shares and movement in the stock's price.
Following this purchase, MercadoLibre represents 1.79% of the fund's reported U.S. equity assets under management as of December 31.
The fund's top holdings, as reported in the filing, include positions in Burford Capital, SPDR Gold Shares, Taiwan Semiconductor Manufacturing, Alphabet, and Microsoft.
MercadoLibre shares were priced at $2,098.85 as of January 15. Over the past year, the stock has gained 14.2% but has underperformed the S&P 500 by approximately 2.53 percentage points during the same period.
The company's market capitalization is $106.31 billion. Its trailing twelve-month revenue is $26.19 billion, with net income of $2.08 billion.