Mar Vista Investment Partners, LLC, an investment management company, released its “Mar Vista U.S. Quality Premier Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. US equities experienced strong momentum in 2025 and marked their third consecutive year of double-digit gains. The market witnessed one of the fastest recoveries following its dip into bear territory in April. Market leadership continued to narrow as mega-cap stocks and AI-driven companies dominated the landscape. Against this backdrop, The Mar Vista U.S. Quality Premier Strategy returned +1.80% net-of-fees gains in Q4 2025 vs. the Russell 1000® Index’s +2.41% return and the S&P 500® Index’s +2.65% return. Gradual changes started to surface in the fourth quarter as market participation expanded beyond mega-caps to other sectors and asset classes. So, 2026 may be different from the past three years. The letter also shared that, in 2026, markets will need to strike a balance between strong fundamentals and increasing economic uncertainties. In addition, please check the Fund’s top five holdings to know its best picks in 2025.
In its fourth-quarter 2025 investor letter, Mar Vista U.S. Quality Premier Strategy highlighted stocks such as Meta Platforms, Inc. (NASDAQ:META). Meta Platforms, Inc. (NASDAQ:META) is a technology company that develops products to connect people. On January 16, 2026, Meta Platforms, Inc. (NASDAQ:META) stock closed at $620.25 per share. One-month return of Meta Platforms, Inc. (NASDAQ:META) was -6.24%, and its shares gained 1.22% of their value over the last 52 weeks. Meta Platforms, Inc. (NASDAQ:META) has a market capitalization of $1.56 trillion.
Mar Vista U.S. Quality Premier Strategy stated the following regarding Meta Platforms, Inc. (NASDAQ:META) in its fourth quarter 2025 investor letter:
“Meta Platforms, Inc. (NASDAQ:META) continues to compound on its 13-15% growth trajectory, although the Q3 earnings report sparked a debate about the increasing cost of maintaining its competitive edge. While revenue growth remains robust, driven by a 10% rise in average ad prices and AI-powered content recommendations, investors are primarily focused on the projected “material step up” in capital expenditures and operating expenses for 2026. This spending shift, spearheaded by infrastructure development and the “Meta Superintelligence” team, has drawn comparisons to 2022, when aggressive spending led to market uncertainty about near-term earnings power. While we believe these investments are essential to safeguard Meta’s market position, we are cautious that the narrative surrounding new AI products remains largely unproven and that the limit for infrastructure spending may not be yet reached.
