Oakmark Global Select Fund Q1 2025 Commentary
Source: SeekingAlpha
2025-04-11 12:30:00 ET
Summary
- The Fund’s Investor Share Class returned 8.54% in Q1 2025, outperforming the MSCI World Index's -1.79%, driven by financials and consumer discretionary sectors.
- Lloyds Banking Group was the top contributor, benefiting from strong net-interest income, robust future guidance, and a significant share buyback program.
- Alphabet was the top detractor, with a slight miss in Cloud revenue despite strong search revenue growth and promising AI advancements.
- New purchases include Molina Healthcare and Sysco Corporation, both acquired at discounts due to temporary pressures and long-term growth potential.
First-quarter highlights
Top contributors
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Oakmark Global Select Fund Q1 2025 Commentary
Lloyds Banking Group plc
NASDAQ: LLDTF
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