2024-07-18 22:30:00 ET
Summary
- We are value investors. In constructing portfolios for our clients, we seek out companies that we believe are trading in the market at significant discounts to their underlying value. These businesses must offer significant profit potential and be run by managers who think and act as owners.
- We believe in the importance of intensive, fundamental research. Our research process is based on a disciplined quantitative and qualitative screening process.
- The Fund returned -3.98% versus 4.28% for the S&P 500 Index for the quarter.
- We are finding attractive investment opportunities across a diverse group of industries amid the unusually wide spread between high P/E and low P/E stocks that exists today.
- The Fund returned -3.98% versus 4.28% for the S&P 500 Index ( SP500 , SPX ) for the quarter, and 12.72% since inception, versus 10.57% for the S&P 500 Index over the same period.
- At the sector level, the largest contributors were communication services and information technology, and the largest detractors were health care and energy.
- We are finding attractive investment opportunities across a diverse group of industries amid the unusually wide spread between high P/E and low P/E stocks that exists today. Read more in the 2Q 2024 U.S. equity market com mentary .
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For further details see:
Oakmark Fund: Q2 2024 Commentary