Marcho Partners LLP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Marcho Partners LLP reported 9 stock positions worth $339.8 million. Its top holding was MercadoLibre (MELI) at 19.7% of the portfolio, followed by Dlocal (DLO, 12.7%) and Spotify Technology (SPOT, 12.4%). Compared with Q4 2023, it opened 1 new position, added to 4 and reduced 4. The biggest buy was a new position in Nu Holdings Ltd./Cayman Isl-A (NU) and the biggest sale Shopify Class A (SHOP, shares −12%).

Most Recent 13F
Q2 2026
Location
LONDON, X0
CIK
0001782974
Portfolio Value
$339.8M (Q1 2024)
SEC Filing
0001782974-24-000002 ↗ filed May 13, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $339.8M $339.8M Q1 2024 Q2 2024: $330.2M Q2 2024 Q3 2024: $285.6M Q3 2024 Q4 2024: $292.3M Q4 2024 Q1 2025: $251.0M Q1 2025 Q2 2025: $254.4M Q2 2025 Q3 2025: $249.0M Q3 2025 Q4 2025: $164.7M Q4 2025 Q1 2026: $123.8M Q1 2026 Q2 2026: $175.8M Q2 2026

Holdings 9 stocks · $339.8M
MELI MercadoLibre Inc. 19.68% 44,241 $66.9M Add +26.3%
DLO Dlocal Ltd. 12.71% 2,939,484 $43.2M Add +75.3%
SPOT Spotify Technology SA 12.42% 159,996 $42.2M Reduce -19.7%
SHOP Shopify Inc. Class A 10.64% 468,633 $36.2M Reduce -11.6%
ESTC Elastic NV 10.06% 340,915 $34.2M Add +8.6%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 9.49% 2,703,850 $32.3M New
GTLB Gitlab Inc. Class A 9.08% 529,284 $30.9M Reduce -7.8%
GRAB Grab Holdings Ltd. Class A 8.80% 9,519,319 $29.9M Add +5.3%
GLBE Global-E Online Ltd. 7.11% 664,642 $24.2M Reduce -1.1%

Portfolio Sells Q4 2023 → Q1 2024
SHOP Shopify Inc. Class A Reduce -11.6% 10.64% −3.50
GTLB Gitlab Inc. Class A Reduce -7.8% 9.08% −3.29
GLBE Global-E Online Ltd. Reduce -1.1% 7.11% −2.01
SPOT Spotify Technology SA Reduce -19.7% 12.42% −0.40

Portfolio Buys Q4 2023 → Q1 2024
NU Nu Holdings Ltd./Cayman Isl-A New 9.49% +9.49
DLO Dlocal Ltd. Add +75.3% 12.71% +2.56
MELI MercadoLibre Inc. Add +26.3% 19.68% +0.84
GRAB Grab Holdings Ltd. Class A Add +5.3% 8.80% −1.63
ESTC Elastic NV Add +8.6% 10.06% −2.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$175.8MTSM, MELI, SE, SHOP, SMH
Q1 2026 5$123.8MTSM, MELI, IBIT, SHOP, SE
Q4 2025 7$164.7MTSM, MELI, SE, IBIT, NU
Q3 2025 8$249.0MTSM, MELI, NU, IBIT, SHOP
Q2 2025 8$254.4MTSM, MELI, NU, SE, SHOP
Q1 2025 8$251.0MMELI, TSM, NU, SHOP, GRAB
Q4 2024 9$292.3MMELI, TSM, NU, DLO, SHOP
Q3 2024 10$285.6MMELI, SHOP, DLO, NU, GRAB
Q2 2024 9$330.2MMELI, SHOP, GTLB, ESTC, DLO
Q1 2024 9$339.8MMELI, DLO, SPOT, SHOP, ESTC