Letters by company
Martin Marietta Materials INC
8 letters discussing MLM. Everything written about it on this site is on its ticker page.
- YCG Investments Q1: Rock Solid Thesis: The case for owning the Aggregates YCG sold L’Oreal, trimmed CME Group and railroad holdings, and initiated positions in CRH, Vulcan Materials, and Martin Marietta Materials. It argues that dense local networks, permitting barriers and high transport costs give aggregates producers durable pricing power, while housing, industrial construction and infrastructure face pent-up demand. first quarter 2025 CRH $64BMLM $37BVMC $36B
- The London Company Market Observations & Portfolio Commentary Large Cap – 3Q2026 vs. Russell 1000 Value The London Company attributes relative weakness to Russell 1000 Value reconstitution changes and renewed mega-cap technology exposure, while maintaining its bottom-up process. It added to NewMarket and argues that balance-sheet strength, durable dividends, conservative leverage and reasonable valuations offer ballast amid concentrated AI-led market leadership. 3Q2026 BLK $189BCVX $416BENTG $24B
- Fenimore Asset Management Quarterly Investment Commentary Fenimore attributes uneven portfolio results to narrow market leadership, higher rates and sentiment-driven weakness despite durable business fundamentals. The firm sold CBIZ and Baldwin Insurance Group following acquisition announcements, initiated positions including Mobility Global, Houlihan Lokey and UL Solutions, and remained selective as AI infrastructure spending broadened beyond technology. Q3 2026 BN $94BMBGL $6.4BMLM $37B
- Hennessy Funds Where Opportunities Are Emerging in Equity and Fixed Income The Equity and Income Fund added Dominion Energy for its regulated utility earnings, balance-sheet improvements and data-center-driven power demand, while selling Equitable after confidence in its inconsistent core business declined. It favored high-quality equities at reasonable valuations and extended bond exposure in the curve’s belly while adding selected high-quality corporate credit. first half of 2026 D $60BENTG $24BEQGPF $3.8B
- Aristotle Funds Aristotle/Saul Global Equity Fund Commentary Aristotle/Saul Global Equity Fund added Techtronic Industries and Wal-Mart de México while exiting Danaher, Dolby Laboratories and Tokyo Century to pursue clearer catalysts. The fund favors Samsung’s higher-value memory mix and Qualcomm’s diversification, while retaining conviction in Munich Re and Martin Marietta despite near-term market concerns. second quarter 2026 DHR $166BDLB $6.1BMLM $37B
- The London Company Large Cap – 2Q2026 vs. Russell 1000 Value Market Update The Large Cap portfolio retained its quality bias as AI-led semiconductor and cyclical leadership left Quality and Yield factors behind. It trimmed Alphabet to maintain position limits, added to Republic Services for its defensive waste-services model, and argues that elevated AI spending, index concentration and valuations warrant discipline. 2Q2026 ENTG $24BGOOGL $3.6TMLM $37B
- Andvari Associates Andvari's Q2 2026 Letter Andvari argues that Constellation Software, Tyler Technologies and S&P Global retain durable advantages while cloud conversion, transaction revenue and the Mobility Global spinout create further value drivers. It adds Amazon, Microsoft, Texas Instruments and Martin Marietta but underweights AI infrastructure, warning that excessive capital investment, circular financing and competition could erode returns. Q2 2026 AMZN $2.9TCNSWF $52BMBGL $6.4B
- YCG Investments Q3: AI Bubble YCG Investments argues that concentrated exposure to AI beneficiaries leaves index investors vulnerable to an overbuild in computing capacity and a subsequent collapse in pricing. It favors a diversified portfolio of durable, recession-resistant businesses, including cloud platforms, commercial real estate, aggregates and network-like service providers. third quarter 2025 AAPL $5.2TAMZN $2.9TGOOGL $3.6T
