Henry Ellenbogen's Durable Capital reduced its position in Latin American e-commerce giant MercadoLibre (MELI) by 12% during the second quarter of 2026. According to a quarterly report filed with the SEC, which discloses trades made by June 30, Durable's stake decreased from 350.85K shares to 308.66K shares. The value of the holding is now estimated at $523.92 million, making up 5.10% of the investor's reported portfolio.
This portfolio adjustment comes as MercadoLibre continues to post strong revenue growth but also faces concerns about margin compression in key markets like Brazil. As with all 13F filings, the disclosure of this trade was delayed, reflecting portfolio changes as of mid-year, not a real-time transaction. The estimated value of the shares sold is approximately $71.60 million. Despite the reduction, MercadoLibre remains a significant holding for the major investment firm.