Mar Vista U.S. Quality Q2 2026 Commentary

Mar Vista's U.S. Quality strategy returned +12.71% net-of-fees in the second quarter of 2026. Read more here.

Summary U.S. equities advanced during the second quarter despite an increasingly complex macroeconomic backdrop. AI remained the dominant investment theme throughout the quarter, but investor focus shifted from simply funding AI infrastructure toward identifying businesses capable of converting those investments into durable earnings growth and competitive advantages. Mar Vista's U.S. Quality strategy returned +12.71% net-of-fees in the second quarter of 2026.

Top Q2 portfolio contributors were GE Aerospace, Amphenol and Taiwan Semiconductor Manufacturing; top detractors were Netflix, Intuit and QXO. Looking ahead, we believe the investment environment is becoming increasingly differentiated. Getty Images Commentary U.S. equities advanced during the second quarter despite an increasingly complex macroeconomic backdrop.

Economic growth remained resilient, supported by healthy consumer spending, stable labor markets, and continued corporate earnings growth. Although inflation remained more persistent than many investors anticipated, corporate fundamentals continued to