Published on 2 Dec 2021 on Insider Monkey via Yahoo Finance

Here’s Why Mayar Capital Sold its Nordstrom (JWN) Shares

Mayar Capital, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly net loss of -5.26% was delivered by the fund for the third quarter of 2021, and this compares to its benchmark, the MSCI World Index returning -0.01% for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Mayar Capital, in its Q3 2021 investor letter, mentioned Nordstrom, Inc. (NYSE: JWN) and discussed its stance on the firm. Nordstrom, Inc. is a Seattle, Washington-based department store company with a $3.5 billion market capitalization. JWN delivered a -27.81% return since the beginning of the year, while its 12-month returns are down by -13.08%. The stock closed at $22.53 per share on November 29, 2021.

Here is what Mayar Capital has to say about Nordstrom, Inc. in its Q3 2021 investor letter: