Overview
- Lakehouse’s Q1 2026 investor letter singles out MercadoLibre as a high‑conviction growth holding.
- The fund points to a marketplace and payments flywheel and says revenue has risen about sevenfold to $28 billion over five years.
- It reports revenue growth accelerated to 45% in the latest results, up from 39% in the prior quarter.
- Management is accepting lower near‑term margins in Brazil by cutting the free‑shipping threshold to add buyers and increase shopping frequency.
- After a February setback tied to AI disruption fears, Lakehouse says it added to resilient names, while recent data show active interest in MercadoLibre through higher hedge‑fund holder counts and a higher share price.