Here’s Why Mar Vista Focus Strategy Decided to Sell GXO Logistics (GXO)

Mar Vista Investment Partners, LLC, an investment management company, released the “Mar Vista Focus strategy” third quarter 2024 investor letter. A copy of the letter can be downloaded here. The S&P 500®Index rose for the fourth consecutive quarter in Q3 2024, indicating a good period for the U.S. stock market. In the third quarter, the strategy returned +3.39% net-of-fees compared to +3.19% and +5.89% returns for The Russell 1000 Growth Index and the S&P 500 Index. The market appears to be entering an easing cycle, with interest rates not exceeding historical norms, perhaps boosting...