What smart money is saying about Murphy USA
2 funds in our archive have pitched Murphy USA — most recently Artisan Partners U.S. Small-Cap Growth Strategy in June 2026.
Murphy USA Inc. specializes in providing retail gasoline and a variety of convenience store items. It manages a network of retail outlets operating under its well-known banners: Murphy USA, Murphy Express, and QuickChek. By December 31, 2021, its extensive footprint included 1,679 retail fuel stations primarily concentrated across the Southeastern, Southwestern, and Midwestern regions of the United States. Established in 1996, the corporation maintains its headquarters in El Dorado, Arkansas.
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Position history
Between Q2 2025 and Q2 2026, 5 fund letters reported a position in Murphy USA — 2 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 1 | 1 | 1 |
| Q3 2025 | 1 | 0 | 0 | 0 |
| Q2 2025 | 2 | 1 | 0 | 1 |
Fund activity · 5 positions · 3 moves
- New positionArtisan Partners U.S. Small-Cap Growth StrategyJune 2026
“We initiated a GardenSM position following a management change.”
Murphy USA - June 2026
“Reduced: Murphy USA, Inc (MUSA) - We trimmed MUSA after the stock rallied on fuel margin strength, which is inherently cyclical and difficult to sustain at current levels.”
Murphy USA - September 2025
“Murphy USA, a leading operator of gas stations and convenience stores primarily located near Walmart locations, was the notable detractor.”
Murphy USA - June 2025
“Top 3 Detractors from Relative Performance Murphy USA, Inc. (MUSA) – MUSA was a bottom performer after reporting softer market share gains in Q1 due to lower retail fuel prices.”
Murphy USA - New positionAMG River Road Focused Absolute Value FundJune 2025
Listed in AMG River Road Focused Absolute Value Fund’s reported holdings.
Murphy USA
Fund coverage · 2 theses
Murphy USA runs a low-cost convenience and fuel retail network and is entering a favorable profit cycle driven by margins, share gains and store growth.
Read the full thesisMurphy USA’s strategic locations near Walmart, low-cost operations, and capital-light model offer a compelling mix of high customer traffic and superior returns, making it a structurally advantaged player in the convenience store industry.
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