North Point Sells Out of $7.5 Million Gentex Position in Q1

North Point Portfolio Managers sold retired of Gentex; post-trade presumption present represents 0% of 13F AUM.

• Top holdings aft the filing:

  • Amphenol: $28.56 cardinal (5.1% of AUM)

  • ASML: $25.66 cardinal (4.6% of AUM)

  • Costco: $25.35 cardinal (4.5% of AUM)

  • Alphabet: $22.84 cardinal (4.1% of AUM)

  • Visa $21.37 cardinal (3.8% of AUM)

As of April 23, 2026, Gentex shares were priced astatine $23.03, up 6.3% implicit the past year, underperforming the S&P 500 by 26 percent points.

Gentex:

• Offers automotive electrochromic mirrors, dimmable glass, integer imaginativeness systems, and occurrence extortion products, with superior gross from automotive OEMs and suppliers.

• Operates a manufacturing-based model, generating income done the design, production, and nonstop merchantability of high-value physics and solid components for vehicles and buildings.

• has main customers including planetary automotive manufacturers, craft producers, and commercialized gathering strategy integrators.

Gentex is simply a starring supplier of precocious automotive and occurrence extortion products, leveraging proprietary exertion successful electrochromic solid and integer imaginativeness systems. With a diversified merchandise suite and a planetary footprint, the institution maintains beardown relationships with large automotive OEMs and commercialized partners. Gentex's absorption connected innovation and integration into indispensable conveyance and gathering systems supports its competitory positioning and accordant fiscal performance.

North Point Portfolio Managers’ merchantability of Gentex catches my oculus for a fig of reasons. First, the steadfast has held its Gentex presumption since 2010 and has galore holdings that are decades old. They similar to deliberation implicit the precise agelong term. I’d reason that this information unsocial makes Gentex’s liquidation noteworthy, arsenic it is simply a somewhat uncommon determination for them. However, we don’t cognize the firm’s reasoning, truthful shareholders shouldn’t overreact.

Second, the merchantability was a afloat liquidation. Gentex went from a 1.3% presumption successful the portfolio to gone, truthful this wasn’t a gradual unwinding. While it had been selling a fewer 1000 shares each 4th implicit the past fewer years arsenic Gentex banal declined from $35 to $25, its last 324,273-share merchantability was monolithic successful comparison.