This report provides a detailed examination of the Harbor Large Cap Value Fund's performance during the fourth quarter of 2025, highlighting key contributing and detracting factors, as well as significant portfolio adjustments.
Unpacking the Harbor Large Cap Value Fund's Q4 2025 Performance
A Closer Look at the Fund's Quarterly Performance
In the final quarter of 2025, the Harbor Large Cap Value Fund's Institutional Class (referred to as the "Fund") achieved a return of 1.26%. This performance notably trailed its benchmark, the Russell 1000® Value Index (the "Index"), which posted a return of 3.81%. Additionally, the Fund underperformed compared to the broader S&P 500 Index, which recorded a 2.66% return during the same period.
Major Influences on Fund Performance
Several holdings played a crucial role in shaping the Fund's relative performance during the fourth quarter. Companies such as Parker Hannifin, Capital One Financial, Amgen, Merck, and Danaher were among the top five positive contributors, boosting the Fund's returns. Conversely, Lennar, Uber, Sony, Microsoft, and Teledyne Technologies were identified as the primary detractors, weighing down the Fund's overall performance.
Key Portfolio Adjustments and Strategic Decisions
During the quarter, the Fund made several strategic adjustments to its portfolio. It divested its stakes in Commerce Bancshares, Constellation Brands, and Sony Financial. Interestingly, no new positions were initiated during this period, indicating a cautious approach or a focus on rebalancing existing holdings rather than expanding the portfolio.
