Is Now a Great Time to Dispose Your XPO Stake?

Argosy Investors, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. The fund’s 2022 first-quarter performance was -15.1% in select accounts. The S&P 500 by comparison returned -4.4%. Argosy ended the quarter with 43% of the portfolio in cash and equivalents, which means that these results would have been worse without the allocation to cash. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Argosy Investors mentioned XPO Logistics, Inc. (NYSE:XPO) and explained its insights for the company. Founded in 1989, XPO Logistics, Inc. (NYSE:XPO) is a Greenwich, Connecticut-based freight transportation company with a $5.3 billion market capitalization. XPO Logistics, Inc. (NYSE:XPO) delivered a -40.27% return since the beginning of the year, while its 12-month returns are down by -43.01%. The stock closed at $46.25 per share on June 20, 2022.

Here is what Argosy Investors has to say about XPO Logistics, Inc. (NYSE:XPO) in its Q1 2022 investor letter:

“XPO experienced once-in-a-generation demand for its LTL and brokerage services during an extremely tight freight market, and we are already beginning to see weakness in the freight market. We sold in advance of what we expect to be some weakness in the LTL market.”

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Our calculations show that XPO Logistics, Inc. (NYSE:XPO) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. XPO Logistics, Inc. (NYSE:XPO) was in 47 hedge fund portfolios at the end of the first quarter of 2022, compared to 53 funds in the previous quarter. XPO Logistics, Inc. (NYSE:XPO) delivered a -39.73% return in the past 3 months.

In January 2022, we also shared another hedge fund’s views on XPO Logistics, Inc. (NYSE:XPO) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.