Oakmark
Oakmark Select Fund
Sep 2025 → Sep 2026
Our archive holds 5 letters from this strategy, behind 4 investment theses and positions in 13 companies. Every quote below is copied verbatim from the letter it came from.
5 letters in 2 years · follow all of Oakmark for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Institutional Class | OANLX
- YTD+12.4%index +12.8%
- 1Y+22.0%index +15.7%
- 3Y · /yr+19.1%index +22.9%
- 5Y · /yr+11.1%index +13.8%
- 10Y · /yr+11.6%index +15.3%
- Inception · /yr+12.2%index +10.3%
Index: S&P 500 Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Oakmark Select Fund | +12.4% | +22.0% | +19.1% | +11.1% | +11.6% | +12.2% |
| S&P 500 Index | +12.8% | +15.7% | +22.9% | +13.8% | +15.3% | +10.3% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
Final sales • Phillips 66
Rocket Companies is a leading U.S. mortgage origi- nator and servicer with a technology-driven plat- form spanning direct-to-consumer lending, partner channel mortgages, and adjacent businesses such as Rocket Money, Redfin, and personal loans.
New purchases Meta Platforms is a U.S.-headquartered technology company whose Family of Apps (including Face- book, Instagram, and WhatsApp) reaches 3.6 billion daily active users.
Final sales • Deere • Warner Bros Discovery
Final sales • Deere • Warner Bros Discovery
Also held
Its investment theses
- Meta PlatformsSep 2026Meta Platforms operates Facebook, Instagram and WhatsApp, with exceptional core economics, AI monetization potential, and shares trading at a meaningful discount to intrinsic value.
- Rocket CompaniesSep 2026Rocket Companies is a technology-driven mortgage and lending platform with scale advantages, a low-cost model, market share gains, and underappreciated earnings power.
- Marsh & McLennanMar 2026Marsh & McLennan is the largest insurance broker with sustained margin expansion, efficiency initiatives, limited AI disruption risk, and an attractive mid-teens earnings multiple.
- Targa ResourcesDec 2025Targa Resources is a leading NGL midstream operator with cost advantages, fee-based earnings stability, and an attractive valuation despite Permian growth uncertainty.