Here’s Why Mar Vista U.S. Quality Strategy Exited GXO Logistics (GXO)

Mar Vista Investment Partners, LLC, an investment management company, released the “Mar Vista U.S. Quality Strategy” fourth quarter 2024 investor letter. A copy of the letter can be downloaded here. The stock market rose in 2024 and carried on through the fourth quarter, as investors welcomed the growing optimism following the presidential election. For the year, the S&P 500® Index ("S&P 500®") increased by 25.0%, its second straight consecutive annual gain above 20%. In the fourth quarter, the strategy returned -0.18% net-of-fees compared to +2.74% and +2.41% returns for the Russell...