Published on 22 Oct 2023 on Insider Monkey · via Yahoo Finance
Reasons that Led The London Company Small Cap Strategy to Invest in Marten...
The London Company, an investment management company, released “The London Company Small Cap Strategy” second quarter 2023 investor letter. A copy of the same can be downloaded here. US stocks performed well in Q2, with the majority of the gain generated in the month of June. In the second quarter, the fund returned 2.5% gross (2.3% net) during the quarter compared to a 5.2% return for the Russell 2000 Index. Both sector exposure & stock selection were headwinds in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
The London Company Small Cap Strategy highlighted stocks like Marten Transport, Ltd. (NASDAQ:MRTN) in the second quarter 2023 investor letter. Headquartered in Mondovi, Wisconsin, Marten Transport, Ltd. (NASDAQ:MRTN) offers temperature-sensitive truckload carrier services. On August 2, 2023, Marten Transport, Ltd. (NASDAQ:MRTN) stock closed at $22.39 per share. One-month return of Marten Transport, Ltd. (NASDAQ:MRTN) was 10.51%, and its shares gained 5.80% of their value over the last 52 weeks. Marten Transport, Ltd. (NASDAQ:MRTN) has a market capitalization of $1.857 billion.