Exploring the Latest Investment Adjustments in the Fourth Quarter of 2024
Oakmark Intl Small Cap (Trades, Portfolio) recently submitted its N-PORT filing for the fourth quarter of 2024, shedding light on its strategic investment decisions during this period. The Oakmark International Small Cap Fund is known for its focus on small-cap companies, investing at least 80% of its net assets in such stocks under normal market conditions. The fund's managers are committed to long-term investment strategies, seeking out businesses with growth potential that are managed in a way that benefits shareholders. Oakmark's approach involves purchasing securities when they are priced significantly below the fund's intrinsic value estimate and patiently waiting for the price to align with this value.
Summary of New Buy
Oakmark Intl Small Cap (Trades, Portfolio) added a total of three stocks, with the most significant addition being Davide Campari-Milano NV (MIL:CPR, Financial). The fund acquired 3,580,300 shares, which now account for 1.82% of the portfolio, with a total value of €22.41 million. The second largest addition was Sopra Steria Group SA (XPAR:SOP, Financial), consisting of 27,364 shares, representing approximately 0.39% of the portfolio, with a total value of €4.85 million. The third largest addition was Auction Technology Group PLC (LSE:ATG, Financial), with 654,900 shares, accounting for 0.37% of the portfolio and a total value of £4.51 million.
Key Position Increases
Oakmark Intl Small Cap (Trades, Portfolio) also increased stakes in a total of seven stocks. The most notable increase was in Azelis Group NV (XBRU:AZE, Financial), with an additional 470,724 shares, bringing the total to 960,100 shares. This adjustment represents a significant 96.19% increase in share count, impacting the portfolio by 0.76%, with a total value of €18.90 million. The second largest increase was in Fielmann Group AG (XTER:FIE, Financial), with an additional 108,300 shares, bringing the total to 492,500. This adjustment represents a 28.19% increase in share count, with a total value of €21.11 million.
Summary of Sold Out
Oakmark Intl Small Cap (Trades, Portfolio) completely exited three holdings in the fourth quarter of 2024. The fund sold all 140,700 shares of Euronext NV (XPAR:ENX, Financial), resulting in a -0.95% impact on the portfolio. Additionally, it liquidated all 284,100 shares of Gildan Activewear Inc (TSX:GIL, Financial), causing a -0.83% impact on the portfolio.
Key Position Reduces
Oakmark Intl Small Cap (Trades, Portfolio) also reduced its position in 52 stocks. The most significant changes include a reduction of Julius Baer Gruppe AG (XSWX:BAER, Financial) by 308,000 shares, resulting in a -34.46% decrease in shares and a -1.15% impact on the portfolio. The stock traded at an average price of CHF55.64 during the quarter and has returned 5.02% over the past three months and 2.73% year-to-date. Additionally, the fund reduced its position in St James's Place PLC (LSE:STJ, Financial) by 1,600,100 shares, resulting in a -38.41% reduction in shares and a -0.98% impact on the portfolio. The stock traded at an average price of £8.37 during the quarter and has returned 25.41% over the past three months and 26.50% year-to-date.
Portfolio Overview
As of the fourth quarter of 2024, Oakmark Intl Small Cap (Trades, Portfolio)'s portfolio included 63 stocks. The top holdings were 3.43% in ISS AS (OCSE:ISS, Financial), 3.41% in Atea ASA (OSL:ATEA, Financial), 3.32% in Duerr AG (XTER:DUE, Financial), 3.26% in Azimut Holding SpA (MIL:AZM, Financial), and 3.18% in BNK Financial Group Inc (XKRX:138930, Financial).
The holdings are primarily concentrated in nine of the eleven industries: Industrials, Financial Services, Consumer Cyclical, Technology, Healthcare, Consumer Defensive, Basic Materials, Communication Services, and Real Estate.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
