- We conducted a review of our portfolio to identify investments at risk of having their business models disrupted by technological innovation.
- The acceleration of EV adoption and other auto trends present under-the-surface, long-term risks for Genuine Parts Company and the automotive aftermarket industry.
- Genuine Parts Company is safe from disruption in the immediate future; however, we believe the stock has reached a full valuation after last month's run up in share price.
- We are taking a long-term view and reducing our existing position in Genuine Parts Company in order to be more opportunistic elsewhere.
For further details see:
Genuine Parts: Electric Vehicles Driving Long-Term Risks