Oakmark
Oakmark International Small Cap Fund
International Small-cap
Mar 2025 → Mar 2026
Our archive holds 4 letters from this strategy, behind 12 investment theses and positions in 12 companies. Every quote below is copied verbatim from the letter it came from.
4 letters in 2 years — follow all of Oakmark for every strategy.
Its investment theses
- DTS CorporationMar 2026DTS Corporation is a leading Japanese systems integrator trading at a discount despite strong digitization tailwinds and expected earnings acceleration as investments taper.
- Minor International PCLMar 2026Minor International PCL is a global hospitality leader with valuable brands and free cash flow expected to de-lever the balance sheet and drive multiple expansion and earnings growth.
- VisionalDec 2025Visional is a Japanese HR technology company whose BizReach platform benefits from structural tailwinds and strong management, offering long-term growth at a significant discount to intrinsic value.
- AltenSep 2025Alten is a leading global engineering service provider poised for growth due to rising R&D outsourcing and a strong business model, despite recent stock price challenges amid sector downturns.
- Hamamatsu PhotonicsSep 2025Hamamatsu Photonics is a leading Japanese photon specialist with a strong market position, long-term customer partnerships, and a commitment to R&D that makes it well-positioned for growth despite current cyclical headwinds.
- AumovioSep 2025Aumovio is a promising standalone company specializing in auto components and technology systems, poised to capitalize on key automotive megatrends following its spinoff from Continental.
- JEOL Ltd.Sep 2025JEOL is a company that manufactures scientific instruments and mask writing equipment, benefiting from high entry barriers and recurring revenue streams, while aiming to improve profitability in its primary business segments.
- RobertetSep 2025Robertet is a leading global producer of flavors and fragrances, specializing in natural ingredients for luxury brands, with a strong potential for value creation despite current market undervaluation.
- Kansai PaintSep 2025Kansai Paint is a leading Japanese paint and coatings company that has reinitiated investment due to improved value and management's focus on niche markets and shareholder returns after a recent share price decline.
- Ermenegildo ZegnaMar 2025Ermenegildo Zegna is a luxury fashion house with significant growth potential, currently undervalued relative to peers, despite recent challenges in its Thom Browne brand.