Marcho Partners LLP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Marcho Partners LLP reported 9 stock positions worth $292.3 million. Its top holding was MercadoLibre (MELI) at 25.0% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 15.1%) and Nu Holdings Ltd./Cayman Isl-A (NU, 12.5%). Compared with Q3 2024, it sold out of 1, added to 4 and reduced 5. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +72%) and the biggest sale an exit from Elastic (ESTC).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001782974
- Portfolio Value
- $292.3M (Q4 2024)
- SEC Filing
- 0001782974-25-000001 ↗ filed Feb 13, 2025
Holdings Value
Holdings 9 stocks · $292.3M
| MELI MercadoLibre Inc. | 25.03% | 43,032 | $73.2M | Add +31.7% |
| TSM Taiwan Semiconductor-SP ADR | 15.09% | 223,331 | $44.1M | Add +72.2% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 12.55% | 3,540,289 | $36.7M | Add +62.0% |
| DLO Dlocal Ltd. | 10.34% | 2,684,443 | $30.2M | Reduce -41.6% |
| SHOP Shopify Inc. Class A | 9.96% | 273,956 | $29.1M | Reduce -43.1% |
| GRAB Grab Holdings Ltd. Class A | 7.97% | 4,936,577 | $23.3M | Reduce -20.4% |
| GTLB Gitlab Inc. Class A | 7.42% | 384,723 | $21.7M | Reduce -10.9% |
| SPOT Spotify Technology SA | 6.74% | 44,028 | $19.7M | Reduce -24.6% |
| SE Sea Ltd.-ADR | 4.91% | 135,268 | $14.4M | Add +142.9% |
Options reported separately and not counted above: QQQ puts ($76.7M), DLO calls ($3.4M).
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
Options Activity Q3 2024 → Q4 2024
| QQQ Invesco QQQ Trust Series 1 | put | Add +66.7% | 150,000 | $76.7M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 75,000 | $43.0Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 6 | $175.8M | TSM, MELI, SE, SHOP, SMH |
| Q1 2026 | 5 | $123.8M | TSM, MELI, IBIT, SHOP, SE |
| Q4 2025 | 7 | $164.7M | TSM, MELI, SE, IBIT, NU |
| Q3 2025 | 8 | $249.0M | TSM, MELI, NU, IBIT, SHOP |
| Q2 2025 | 8 | $254.4M | TSM, MELI, NU, SE, SHOP |
| Q1 2025 | 8 | $251.0M | MELI, TSM, NU, SHOP, GRAB |
| Q4 2024 | 9 | $292.3M | MELI, TSM, NU, DLO, SHOP |
| Q3 2024 | 10 | $285.6M | MELI, SHOP, DLO, NU, GRAB |
| Q2 2024 | 9 | $330.2M | MELI, SHOP, GTLB, ESTC, DLO |
| Q1 2024 | 9 | $339.8M | MELI, DLO, SPOT, SHOP, ESTC |