Oakmark
Oakmark Select Fund
Sep 2025 → Mar 2026
Our archive holds 3 letters from this strategy, behind 2 investment theses and positions in 2 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 2 years — follow all of Oakmark for every strategy.
Its investment theses
- 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.