Latest news with #OakmarkInternationalFund
Yahoo
29-05-2025
- Business
- Yahoo
David Herro's Strategic Moves: BNP Paribas Reduced by 1.5%
David Herro (Trades, Portfolio) recently submitted the N-PORT filing for the first quarter of 2025, providing insights into his investment moves during this period. David Herro (Trades, Portfolio) has been a manager of the Oakmark International Fund (OAKIX) since 1992, the Oakmark International Small Cap Fund (OAKEX) since 1995, and the Oakmark Global Select Fund (OAKWX) since 2006. He is also the Chief Investment Officer for International Equities at Harris Associates, which he joined in 1992. His career honors include being named Morningstar's International Stock Fund Manager of the Year in 2006 and International Stock Fund Manager of the Decade for 2000-09. Mr. Herro has an M.A. in Economics from the University of Wisconsin-Milwaukee (1985) and a B.S. in Business/Economics from the University of Wisconsin-Platteville (1983). His investment philosophy focuses on buying businesses trading at a significant discount to intrinsic value, investing in companies expected to grow shareholder value, and partnering with management teams that act as owners. Warning! GuruFocus has detected 6 Warning Sign with XPAR:BNP. David Herro (Trades, Portfolio) added a total of 5 stocks, among them: The most significant addition was Flutter Entertainment PLC (NYSE:FLUT), with 390,700 shares, accounting for 0.67% of the portfolio and a total value of $86,559,590 million. The second largest addition to the portfolio was Asahi Group Holdings Ltd (TSE:2502), consisting of 3,475,700 shares, representing approximately 0.35% of the portfolio, with a total value of ?44,407,520. The third largest addition was Lvmh Moet Hennessy Louis Vuitton SE (XPAR:MC), with 23,600 shares, accounting for 0.11% of the portfolio and a total value of 14,614,960. David Herro (Trades, Portfolio) also increased stakes in a total of 11 stocks, among them: The most notable increase was KB Financial Group Inc (XKRX:105560), with an additional 2,751,300 shares, bringing the total to 3,153,700 shares. This adjustment represents a significant 683.72% increase in share count, a 1.16% impact on the current portfolio, with a total value of ?170,942,240. The second largest increase was Ashtead Group PLC (LSE:AHT), with an additional 2,377,787 shares, bringing the total to 3,803,900. This adjustment represents a significant 166.73% increase in share count, with a total value of 205,664,490. David Herro (Trades, Portfolio) completely exited 4 holdings in the first quarter of 2025, as detailed below: Liberty Global Ltd (NASDAQ:LBTYA): David Herro (Trades, Portfolio) sold all 5,227,791 shares, resulting in a -0.45% impact on the portfolio. Bunzl PLC (LSE:BNZL): David Herro (Trades, Portfolio) liquidated all 411,500 shares, causing a -0.11% impact on the portfolio. David Herro (Trades, Portfolio) also reduced positions in 53 stocks. The most significant changes include: Reduced BNP Paribas (XPAR:BNP) by 3,657,884 shares, resulting in a -38.33% decrease in shares and a -1.5% impact on the portfolio. The stock traded at an average price of 69.43 during the quarter and has returned 11.85% over the past 3 months and 37.62% year-to-date. Reduced CNH Industrial NV (NYSE:CNH) by 14,278,300 shares, resulting in a -31.24% reduction in shares and a -1.08% impact on the portfolio. The stock traded at an average price of $12.54 during the quarter and has returned 0.05% over the past 3 months and 13.74% year-to-date. At the first quarter of 2025, David Herro (Trades, Portfolio)'s portfolio included 70 stocks. The top holdings included 3.83% in BNP Paribas (XPAR:BNP), 3.67% in Bayer AG (XTER:BAYN), 3.17% in Kering SA (XPAR:KER), 3.01% in CNH Industrial NV (NYSE:CNH), and 2.98% in Continental AG (XTER:CON). The holdings are mainly concentrated in 9 of the 11 industries: Industrials, Financial Services, Consumer Cyclical, Healthcare, Consumer Defensive, Technology, Basic Materials, Communication Services, and Real Estate. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
Yahoo
17-04-2025
- Business
- Yahoo
Should You Invest in Flutter Entertainment plc (FLUT)?
Oakmark Funds, advised by Harris Associates, released its 'Oakmark International Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. For the quarter ended March 31, 2025, the fund's Investor Share Class returned 7.88% compared to the MSCI World ex USA Index's 6.20% return. Since its inception, the fund returned 8.37% compared to a 6.07% return for the index. Financials and health care sector contributed to the fund's performance in the quarter, while communication services and information technology detracted. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Oakmark International Fund highlighted stocks such as Flutter Entertainment plc (NYSE:FLUT). Flutter Entertainment plc (NYSE:FLUT) is a sports betting and gaming company. The one-month return of Flutter Entertainment plc (NYSE:FLUT) was -6.00%, and its shares gained 25.31% of their value over the last 52 weeks. On April 16, 2025, Flutter Entertainment plc (NYSE:FLUT) stock closed at $227.18 per share with a market capitalization of $40.15 billion. Oakmark International Fund stated the following regarding Flutter Entertainment plc (NYSE:FLUT) in its Q1 2025 investor letter: "Flutter Entertainment plc (NYSE:FLUT) is the world's largest online gambling company, boasting a portfolio of premier online sports betting and casino brands including FanDuel, Sportsbet, Pokerstars and Paddy Power. The company commands the number one market position across the vast majority of its revenue base driven by its best-in-class product. We appreciate that online gambling favors scaled players and believe that management has Flutter well-positioned to capitalize on strong secular growth tailwinds as the penetration of online gambling continues to increase. A recent sell-off in the share price provided the opportunity to buy shares in a company led by a management team that is renowned for top-notch execution and capital allocation." Flutter Entertainment plc (NYSE:FLUT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 98 hedge fund portfolios held Flutter Entertainment plc (NYSE:FLUT) at the end of the fourth quarter which was 69 in the previous quarter. While we acknowledge the potential of Flutter Entertainment plc (NYSE:FLUT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Flutter Entertainment plc (NYSE:FLUT) in another article, where we shared the list of best casino stocks to buy according to billionaires. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
17-04-2025
- Business
- Yahoo
WPP plc (WPP) Fell due to Results Falling Short of Expectations
Oakmark Funds, advised by Harris Associates, released its 'Oakmark International Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. For the quarter ended March 31, 2025, the fund's Investor Share Class returned 7.88% compared to the MSCI World ex USA Index's 6.20% return. Since its inception, the fund returned 8.37% compared to a 6.07% return for the index. Financials and health care sector contributed to the fund's performance in the quarter, while communication services and information technology detracted. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Oakmark International Fund highlighted stocks such as WPP plc (NYSE:WPP). WPP plc (NYSE:WPP) is a creative transformation company. The one-month return of WPP plc (NYSE:WPP) was -12.05%, and its shares lost 25.77% of their value over the last 52 weeks. On April 16, 2025, WPP plc (NYSE:WPP) stock closed at $35.46 per share with a market capitalization of $7.873 billion. Oakmark International Fund stated the following regarding WPP plc (NYSE:WPP) in its Q1 2025 investor letter: "WPP plc (NYSE:WPP) was the top detractor during the quarter. The U.K.-headquartered advertising company's stock price declined after it delivered weaker than expected fourth-quarter 2024 results and 2025 guidance. The results were impacted by client losses, disruptions from restructuring activity, and pullback in more discretionary client spending. Despite the headwinds, margins and free cash flow (FCF) remained resilient. While the economic environment remains uncertain, management believes WPP's growth should start to recover in the back half of 2025, and their FCF generation should rebound as restructuring activities fade. While the past year has been a tough one for WPP, we continue to believe expected fourth-quarter 2024 results and 2025 guidance. The results were impacted by client losses, disruptions from restructuring activity, and pullback in more discretionary client spending. Despite the headwinds, margins and free cash flow (FCF) remained resilient. While the economic environment remains uncertain, management believes WPP's growth should start to recover in the back half of 2025, and their FCF generation should rebound as restructuring activities fade. While the past year has been a tough one for WPP, we continue to believe the business can deliver low single-digit growth and much improved FCF. WPP can also monetize equity assets like Kantar for material amounts. We continue to think the discounted valuation overly discounts the company's fundamental value." A media buying executive looking out a window at a brand advertiser's billboard. WPP plc (NYSE:WPP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 5 hedge fund portfolios held WPP plc (NYSE:WPP) at the end of the fourth quarter which was 4 in the previous quarter. While we acknowledge the potential of WPP plc (NYSE:WPP) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered WPP plc (NYSE:WPP) in another article, where we shared the list of best advertising stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
17-04-2025
- Business
- Yahoo
Do You Think Rentokil Initial plc (RTO) is a Low Volatility Stock?
Oakmark Funds, advised by Harris Associates, released its 'Oakmark International Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. For the quarter ended March 31, 2025, the fund's Investor Share Class returned 7.88% compared to the MSCI World ex USA Index's 6.20% return. Since its inception, the fund returned 8.37% compared to a 6.07% return for the index. Financials and health care sector contributed to the fund's performance in the quarter, while communication services and information technology detracted. In addition, you can check the fund's top 5 holdings to determine its best picks for 2025. In its first-quarter 2025 investor letter, Oakmark International Fund highlighted stocks such as Rentokil Initial plc (NYSE:RTO). Rentokil Initial plc (NYSE:RTO) is a route-based services provider. The one-month return of Rentokil Initial plc (NYSE:RTO) was -1.40%, and its shares lost 22.69% of their value over the last 52 weeks. On April 16, 2025, Rentokil Initial plc (NYSE:RTO) stock closed at $21.84 per share with a market capitalization of $11.064 billion. Oakmark International Fund stated the following regarding Rentokil Initial plc (NYSE:RTO) in its Q1 2025 investor letter: "Rentokil Initial plc (NYSE:RTO) is the largest pest control company globally. We think pest control is a good business that grows GDP plus with low volatility, earns at tractive margins, and has low capital intensity with strong cash flow generation. As a market leader, Rentokil additionally benefits from scale ad vantages that drive lower procurement and customer acquisition costs, and greater customer monetization, thanks to the breadth of products and ser vices the company can offer at a premium price. Due to industry fragmentation, Rentokil also has a strong pipeline of acquisitions with attractive eco nomics. While most of Rentokil's mergers and acquisitions are bolt-ons, they have occasionally done large deals. Their most recent large deal, the acquisition of Terminix, has gone poorly to-date and resulted in a share price decline in excess of the deal value. While Terminix's integration will take several quarters to complete, we believe they will ultimately succeed and that the resulting business will be a stronger and more profitable one that can deliver growth in line with the industry's average. This should drive a re-rating in the shares towards peer and private market multiples. We believe the market has overly discounted the business's future prospects." A specialist cleaning service team in full protective equipment removing hazardous waste. Rentokil Initial plc (NYSE:RTO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 24 hedge fund portfolios held Rentokil Initial plc (NYSE:RTO) at the end of the fourth quarter compared to 19 in the third quarter. While we acknowledge the potential of Rentokil Initial plc (NYSE:RTO) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. We covered Rentokil Initial plc (NYSE:RTO) in another article, where we shared Silver Beech Capital's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
