The Oakmark Global All Cap Strategy demonstrated commendable performance in the fourth quarter of 2025, surpassing its benchmark. During the reporting period, the strategy achieved a net return of 4.99%, significantly outperforming the MSCI World Index, which recorded a return of 3.12%. This positive outcome was largely driven by strong contributions from several key holdings within the portfolio.
Among the top positive contributors to the portfolio's performance were DSV, a global transport and logistics company; IQVIA Holdings, a leading provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry; and Samsung Electronics Pfd., the preferred shares of the South Korean technology giant. Conversely, some investments acted as detractors during the quarter, including Alibaba Group, the Chinese e-commerce and technology conglomerate; CNH Industrial, a global leader in agricultural and construction equipment; and Dassault Systèmes, a French software company specializing in 3D design, 3D digital mock-up, and product lifecycle management software. The strategic choices in these varied sectors underscore the team's diversified approach.
The impressive results of the Oakmark Global All Cap Strategy in the fourth quarter of 2025 are a testament to diligent research and a value-oriented investment philosophy. By consistently identifying companies trading below their intrinsic value and managed by owner-minded leaders, the strategy aims to deliver sustained long-term growth. Such a disciplined approach not only navigates market complexities effectively but also empowers investors to participate in the success of fundamentally sound businesses, fostering a pathway to financial well-being and prosperity.
