Fisher Funds Management Buys $59 Million in MercadoLibre Shares Amid 12% Stock Drop
Fisher Funds Management increased its stake in MercadoLibre (NASDAQ:MELI) by purchasing 30,716 shares valued at approximately $59.25 million in Q1 2026. The move comes as MercadoLibre's stock has dropped 11.6% over the past year, lagging behind the S&P 500. The investment raised MercadoLibre's position to 1.8% of Fisher Funds' assets under management.
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Topics: Fisher Funds Management MercadoLibre portfolio changes SEC filings stock purchases