Mar Vista Investment Partners, LLC has published its investor letter for the fourth quarter of 2025. The document details the performance of its U.S. Quality Strategy.
The strategy reported net-of-fees gains of +0.20% for the quarter. This compares to a +2.41% return for the Russell 1000 Index and a +2.65% return for the S&P 500 Index over the same period. Stock selection in communication services, consumer discretionary, and financials contributed positively. Selections in information technology, materials, and healthcare had a negative impact.
The letter notes that U.S. equities saw strong momentum in 2025, marking a second consecutive year of double-digit gains. The market recovered quickly from a dip into bear territory in April. Market leadership narrowed, with mega-cap and AI-driven companies dominating.
Looking ahead, the letter states markets in 2026 will need to balance strong fundamentals with rising economic uncertainties.
The letter highlighted the firm's position in Roper Technologies, Inc. Roper designs and develops software and technology-enabled products. Its stock closed at $426.36 per share on January 13, 2026. It posted a one-month return of -5.72% and has lost 17.68% of its value over the past 52 weeks. The company's market capitalization is $45.892 billion.
Regarding Roper Technologies, Mar Vista stated in the letter: "After a decade-long partnership with Roper Technologies, Inc., we have made a strategic decision to exit our position. Roper has an exceptional track record of compounding capital. However, our decision to sell is a reflection of our commitment to maintaining a portfolio of high conviction, high growth businesses."
According to a database, 63 hedge fund portfolios held Roper Technologies at the end of the third quarter, up from 54 in the previous quarter. Roper Technologies is not on a list of 30 Most Popular Stocks Among Hedge Funds.