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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
|---|---|---|---|---|---|---|---|
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"The Oakmark Fund posted a 4.36% return in Q2 2025, actively capitalizing on tariff-related market selloffs to build positions in high-quality names like Amazon, Nike, Salesforce, and Zimmer Biomet at discounted valuations."
In the second quarter of 2025, the Oakmark Fund (Investor Class) achieved a 4.36% return, underperforming the S&P 500's 10.94% but outperforming it since inception. The manager took advantage of early-quarter tariff-related market anxiety to trim holdings that remained resilient and buy heavily discounted stocks. Top performers included Citigroup and Charles Schwab, while Global Payments was the biggest detractor due to negative investor sentiment on its Worldpay acquisition. High-profile additions to the portfolio included Amazon, Nike, Salesforce (initiated via a put writing strategy), and Zimmer Biomet. Final exits were made in BorgWarner, CVS Health, and Kroger.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
Market Conviction
High-conviction positioning: The Oakmark Fund posted a 4.36% return in Q2 2025, actively capitalizing on tariff-related market selloffs to build positions in high-quality names like Amazon, Nike, Salesforce, a...
Growth Outlook
Market outlook remains above average conviction: The Oakmark Fund posted a 4.36% return in Q2 2025, actively capitalizing on tariff-related market selloffs to build positions in high-quality names like Amazon, Nike, Salesforce, a...
Risk Appetite
Risk appetite posture is above average conviction: The Oakmark Fund posted a 4.36% return in Q2 2025, actively capitalizing on tariff-related market selloffs to build positions in high-quality names like Amazon, Nike, Salesforce, a...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. The Oakmark Fund posted a 4.36% return in Q2 2025, actively capitalizing on tariff-related market selloffs to build positions in high-quality names like Amazon, Nike, Salesforce, a...
Forward Guidance
Forward guidance signal: The Oakmark Fund posted a 4.36% return in Q2 2025, actively capitalizing on tariff-related market selloffs to build positions in high-quality names like Amazon, Nike, Salesforce, a...
Language Signal
Tone analysis indicates above average conviction language: The Oakmark Fund posted a 4.36% return in Q2 2025, actively capitalizing on tariff-related market selloffs to build positions in high-quality names like Amazon, Nike, Salesforce, a...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. The Oakmark Fund posted a 4.36% return in Q2 2025, actively capitalizing on tariff-related market selloffs to build positions in high-quality names like Amazon, Nike, Salesforce, a...
Opportunity Density
Opportunity density index indicates high conviction actionable entry points. The Oakmark Fund posted a 4.36% return in Q2 2025, actively capitalizing on tariff-related market selloffs to build positions in high-quality names like Amazon, Nike, Salesforce, a...
Time Horizon
Investment time horizon reflects a high conviction orientation. The Oakmark Fund posted a 4.36% return in Q2 2025, actively capitalizing on tariff-related market selloffs to build positions in high-quality names like Amazon, Nike, Salesforce, a...
