Black Swift Group Sells 3,405 MercadoLibre Shares for $8M

Key Points

Black Swift Group, LLC completely divested its holdings in MercadoLibre by selling 3,405 shares during the fourth quarter. This transaction was valued at approximately $7.96 million, calculated using the average closing price from that quarter. The sale accounted for about 1.33% of the firm’s total 13F U.S. equity assets under management. Following this move, Black Swift Group no longer holds any shares in MercadoLibre, leaving the position’s value at zero.

MercadoLibre Overview

The market capitalization of MercadoLibre stands at around $100 billion. On the day in question, the stock experienced a decline of 0.64%, translating to a drop of $12.75, with the current price settling at $1,975.51 as of the market close on February 17, 2026, at 4:00 PM ET. MercadoLibre functions as a prominent e-commerce and fintech platform, catering to both businesses and individual consumers throughout Latin America with a comprehensive suite of services.

In a significant development revealed through a Securities and Exchange Commission filing dated February 10, 2026, Black Swift Group, LLC fully exited its investment in MercadoLibre during the fourth quarter. The firm offloaded all 3,405 shares it owned, realizing an estimated value of $7.96 million from the sale. This figure was determined based on the quarterly average of closing prices. After completing this transaction, Black Swift Group reports holding no remaining shares in the company, effectively closing out the position entirely.

Details of the Transaction

The disclosure came via an official filing submitted to the Securities and Exchange Commission on February 10, 2026. This document detailed how Black Swift Group liquidated its complete stake of 3,405 shares in MercadoLibre over the course of the fourth quarter. Using the average closing price from that period, analysts estimate the total proceeds from this sale reached about $7.96 million. With no shares left in its portfolio post-sale, the fund’s exposure to MercadoLibre now stands at nothing.

Additional Context

• Prior to this sale, the MercadoLibre position constituted approximately 1% of Black Swift Group’s total 13F assets under management.
• The fund’s leading holdings as per the latest filing include: NYSEMKT: SPYG valued at $93.69 million, representing 15.6% of AUM; NYSEMKT: SPY at $54.69 million or 9.1% of AUM; NYSEMKT: IWF worth $32.52 million, making up 5.4% of AUM; NYSEMKT: XLK at $26.58 million, accounting for 4.4% of AUM; and NASDAQ: AMZN positioned at $20.88 million, or 3.5% of AUM.

As of February 9, 2026, MercadoLibre shares were trading at $2,035.59. Over the preceding 12 months, this represented a gain of 1.95%, though it trailed the S&P 500’s performance by 11.4 percentage points during the same timeframe.

Financial Metrics

Company Profile

MercadoLibre delivers a multifaceted e-commerce marketplace alongside fintech solutions under the Mercado Pago banner, logistics through Mercado Envios, digital storefront options, and various advertising services tailored for the Latin American market. The bulk of its revenue streams from transaction fees, financial services offerings, logistics operations, advertising revenues, and additional value-added services provided to both merchants and consumers alike.

The company primarily targets businesses, merchants, and everyday consumers operating within the Latin American region. At its core, MercadoLibre, Inc. manages expansive online commerce and fintech platforms across Latin America, capitalizing on an integrated ecosystem that encompasses marketplace functionalities, payment processing, and logistics support. This holistic approach underpins the company’s growth strategy, which emphasizes broadening its digital commerce and financial services network to facilitate effortless transactions and bolster the ongoing digital evolution of commerce throughout the region.

MercadoLibre’s market capitalization remains robust at $100 billion. The stock’s daily trading range spanned from $1,931.12 to $2,006.66, with a 52-week range between $1,723.90 and $2,645.22. Trading volume was recorded at 20 shares, compared to an average volume of 538,000 shares. The company’s gross margin stands at an impressive 45.14%.

Implications for Investors

Black Swift Group’s decision to fully exit its MercadoLibre position in the fourth quarter occurred amid a period of relative stagnation for the stock, which only advanced by less than 2% over the previous 12 months. Regulatory filings from the SEC do not provide explicit reasons behind such portfolio adjustments by funds like Black Swift. Nevertheless, market observers have noted growing apprehensions surrounding intensified competition within the e-commerce sector. Compounding these concerns, MercadoLibre’s provisions for doubtful accounts—essentially loans that defaulted—surged by 58% to $2.1 billion during the first nine months of 2025.

Interestingly, around the same time, Black Swift Group boosted its stake in Amazon—a direct competitor to MercadoLibre in certain markets—by 14%. This shift could signal the fund’s belief that Amazon is poised to deliver superior returns in the coming years compared to MercadoLibre.

That said, despite Black Swift’s actions, Amazon’s stock actually lagged behind MercadoLibre over the past year, suffering a 9% decline in the same period. Looking ahead, MercadoLibre appears well-positioned to capitalize on improving economic conditions in key markets like Argentina and Venezuela, which could drive a surge in e-commerce activity and sales volumes.

Moreover, the company has implemented proactive measures to curb future bad loan losses, including the deployment of artificial intelligence for more accurate borrower assessments and stricter lending limits. While the outlook remains uncertain, these steps suggest that the narrative for MercadoLibre stock might not be as pessimistic as this single fund’s divestment could imply. Investors should weigh these factors alongside broader market dynamics when evaluating the company’s potential trajectory.