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Stock Update: Ross Stores

The second-best performing stock was Ross Stores. Ross reported better-than-expected third quarter earnings and same-store sales. This alleviated fears about competition from Amazon — that has plagued many traditional brick-and-mortar retailers — and propelled the stock from its 52-week low. We continue to hear from retail landlords that discount concepts like Ross Stores continue to draw traffic. It has been a terrific long-term holding. 

The portfolios are actively managed. For the Fenimore Managed Equity Accounts Composite’s current Top 10 Holdings to the most recent quarter-end, view its Portfolio Details.

To obtain the Fenimore Managed Equity Accounts Composite’s performance data that is current to the most recent quarter-end, click here.

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Highlighting specific companies can be difficult due to the natural variation among the multiple accounts we manage. Accounts vary by objective and tenure so holdings may differ.

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