Soumya Eswaran
3 min read
In This Article:
Hardman Johnston Global Advisors, an investment management company, released its “Hardman Johnston Global Equity Strategy” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy returned 0.43%, net of fees, in the quarter compared to -1.32% for the MSCI AC World Net Index. The Portfolio experienced a solid quarter relative to the market, despite a volatile environment. Industrials and Consumer Discretionary were the top sector contributors, while Information Technology and Energy detracted. Europe was the top contributor from a regional standpoint, while emerging markets detracted. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its first-quarter 2025 investor letter, Hardman Johnston Global Equity Strategy highlighted stocks such as MercadoLibre, Inc. (NASDAQ:MELI). MercadoLibre, Inc. (NASDAQ:MELI) is an online commerce platform that operates Mercado Libre Marketplace and Mercado Pago FinTech platforms. The one-month return of MercadoLibre, Inc. (NASDAQ:MELI) was -1.29%, and its shares gained 60.24% of their value over the last 52 weeks. On June 27, 2025, MercadoLibre, Inc. (NASDAQ:MELI) stock closed at $2,560.05 per share, with a market capitalization of $129.788 billion.
Hardman Johnston Global Equity Strategy stated the following regarding MercadoLibre, Inc. (NASDAQ:MELI) in its Q1 2025 investor letter:
"Within Consumer Discretionary, Prosus NV and MercadoLibre, Inc. (NASDAQ:MELI) were the strongest outperformers. MercadoLibre exhibited strong performance in the first quarter after reporting solid fourth quarter results, led by a substantial operating profit beat as the company demonstrated leverage throughout the business. The company offered a balanced framework for credit issuance in the quarter, combining a strong growth outlook with disciplined risk management, demonstrating prudent caution in lending to riskier cohorts via restricting card issuance in certain profiles and tightening payback periods. Advertising remains a key upside option for MercadoLibre with revenue dollars as a percentage of GMV growing to 2.1% but remaining well below international peers."
A customer using their phone to access an online commerce platform.
MercadoLibre, Inc. (NASDAQ:MELI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 108 hedge fund portfolios held MercadoLibre, Inc. (NASDAQ:MELI) at the end of the first quarter which was 96 in the previous quarter. While we acknowledge the potential of MercadoLibre, Inc. (NASDAQ:MELI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains.
