Michael Burry revealed MercadoLibre as his second-largest holding in his latest portfolio update.
The position accounts for 12% of the total portfolio value.
Burry is widely recognized for his 2008 bet against the U.S. housing market.
Market analysts remain divided on the valuation of the Latin American e-commerce and fintech giant.
Discounted Cash Flow models suggest significant upside for the stock.
Traditional price-to-earnings multiples indicate the company is expensive relative to its peers.
Burry’s substantial stake suggests a preference for long-term cash flow potential over current earnings multiples.