This Fund Trimmed Murphy USA (MUSA) Amid Fuel Margin Strengths

The London Company, an investment management firm, detailed its second-quarter 2026 performance in its Small Cap Strategy's investor letter. Despite U.S. equities rebounding due to AI infrastructure spending and strong earnings, energy stocks, including Murphy USA Inc. (NYSE:MUSA), declined as oil prices dropped. Small-cap stocks outperformed large-cap ones, but quality and yield factors were headwinds.

The company trimmed its holdings in Murphy USA Inc. after the stock surged on fuel margin strength, which it deemed cyclical and difficult to maintain. The London Company remains optimistic about durable, high-quality businesses for long-term growth, but allocated capital to other opportunities instead.