Portfolio Manager Bill Nygren talked about opportunities in the financials sector on CNBC’s “Closing Bell: Overtime.”
The holdings mentioned comprise the following percentages of total net assets as of 05/31/2023:
|Alphabet Cl A||3.9%|
|Capital One Financial||3.3%|
|CBRE Group Cl A||2.2%|
|Comcast Cl A||2.2%|
|Digital Equipment Corp||0%|
|Meta Platforms Cl A||2.0%|
|SVB Financial Group||0%|
Please note: The top 10 Oakmark Holdings noted in the video are the top 10 Holdings for the Oakmark Fund.
Portfolio holdings are not intended as recommendations of individual stocks and are subject to change. The Funds disclaim any obligation to advise shareholders of such changes. Information about portfolio holdings does not represent a recommendation or an endorsement to Fund shareholders or other members of the public to buy or sell any security contained in the Funds’ portfolios. Portfolio holdings are current to the date listed but are subject to change any time. There are no assurances that the securities will remain in the Funds’ portfolios after the date listed or that the securities that were previously sold may not be repurchased.
The price to earnings ratio (“P/E”) compares a company’s current share price to its per-share earnings. It may also be known as the “price multiple” or “earnings multiple”, and gives a general indication of how expensive or cheap a stock is. Investors should not base investment decisions on any single attribute or characteristic data point.
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The Oakmark Fund’s portfolio tends to be invested in a relatively small number of stocks. As a result, the appreciation or depreciation of any one security held by the Fund will have a greater impact on the Fund’s net asset value than it would if the Fund invested in a larger number of securities. Although that strategy has the potential to generate attractive returns over time, it also increases the Fund’s volatility.
Investing in value stocks presents the risk that value stocks may fall out of favor with investors and underperform growth stocks during given periods.
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