North Point Portfolio Managers Fully Exits Long-Term Gentex Position

North Point Portfolio Managers Corp. has completely exited its position in Gentex (GNTX), selling 324,273 shares for an estimated $7.52 million, according to a recent SEC filing. The liquidation is particularly notable given North Point's history as a long-term investor; the firm had held the automotive technology supplier since 2010. While the fund had been gradually reducing its exposure over several years as the stock price declined from $35 to $25, this final sale represents a total exit from the position. The move comes despite a strong recent earnings report from Gentex, which reported a 17% increase in first-quarter sales and provided revenue growth guidance of 11% for 2026, largely driven by the integration of its VOXX acquisition. As of April 23, 2026, Gentex shares were trading at $23.03. Despite a 6.3% gain over the last year, the stock has underperformed the S&P 500 by 26 percentage points. Analysts suggest the exit could be tied to risks surrounding the VOXX acquisition or long-term technological shifts in vehicle mirror systems. From a fundamental perspective, Gentex currently trades at 12 times forward earnings with a 2% dividend yield and zero debt. The company also maintains a consistent share buyback program, repurchasing approximately 3% of its outstanding shares annually over the last decade, positioning it as a potential value play for contrarian investors.