Oakmark Intl Small Cap

Oakmark Intl Small Cap

Last Update: 2014-08-08
Related: David Herro

Number of Stocks: 57
Number of New Stocks: 3

Total Value: $2,958 Mil
Q/Q Turnover: 16%

Countries: USA DNK FRA GBR JPN CHE KOR NOR DEU NLD AUS SWE GRC CAN ITA NZL HKG FIN
Details: Top Buys | Top Sales | Top Holdings  Embed:

Oakmark Intl Small Cap' s Profile & Performance

Profile

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Oakmark International Small Ca

YearReturn (%)S&P500 (%)Excess Gain (%)
201327.6831.55-3.9
201218.3915.43.0
2011-16.442.08-18.5
3-Year Cumulative26.3 (8.1%/year)55 (15.7%/year)-28.7 (-7.6%/year)
201021.5315.066.5
200967.4526.4641.0
5-Year Cumulative157 (20.8%/year)125.5 (17.7%/year)31.5 (3.1%/year)
2008-45.71-37-8.7
2007-8.335.61-13.9
200634.915.7919.1
200521.264.9116.4
200428.951217.0
10-Year Cumulative169.8 (10.4%/year)104.1 (7.4%/year)65.7 (3%/year)
200352.4128.723.7
2002-5.12-22.117.0
200112.98-11.924.9
2000-8.86-9.10.2
199953.772132.8
15-Year Cumulative517.8 (12.9%/year)98.3 (4.7%/year)419.5 (8.2%/year)
19989.228.6-19.4
1997-19.933.4-53.3
199625.01232.0
1995-3.737.6-41.3

Top Ranked Articles

David Herro’s Oakmark Intl Small Cap Fund Comments on LSL Property Services
The largest detractor from the Fund’s performance for the past quarter was LSL Property Services (LSE:LSL). Despite a year-long rebound in the U.K. housing market, the share price of LSL declined during the quarter due to concerns about slowing transactional growth as a result of the rapid appreciation in U.K. home prices, coupled with the possibility that the Bank of England will increase interest rates. Although this may be true after the growth of the past year, over the medium- to long-term the U.K. housing transactional volumes remain well below normal, and LSL should continue to benefit from increased transaction volumes. Currently LSL is trading at less than 10x current years earning, and in our opinion it remains one of the Fund’s most compelling investment opportunities. Read more...
David Herro’s Oakmark Intl Small Cap Fund Comments on Treasury Wine Estates
The top contributing stock for the quarter was Treasury Wine Estates (ASX:TWE), an Australian-based vineyard operator and winemaker that also has significant assets in North America, as well as a global marketing and distribution business. During the quarter Treasury Wine Estates received a preliminary, highly conditional bid from a global investment firm, Kohlberg Kravis Roberts (KKR), to purchase the company for AUD 4.70 per share. The bid was rejected, with management stating that the per-share offer amount undervalued the company. However, the board of directors indicated that the company would consider any new proposals that reflected a price closer to their perception of fair value. Discussions with KKR have since ended without any subsequent offers. We believe that management made the correct decision, as we too feel that the business value of Treasury Wine Estates is worth more than what KKR offered. We recently spoke with Treasury’s Chairman, Paul Rayner, and new CEO, Michael Clarke, with regard to this issue, in addition to recent management changes and a new AUD 35 million cost-cutting program, and we are confident Read more...
David Herro's Oakmark International Small Cap Fund's Second Quarter 2014 Letter
June 30, 2014 Read more...
» More Oakmark Intl Small Cap Articles

Commentaries and Stories

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David Herro’s Oakmark Intl Small Cap Fund Comments on LSL Property Services
The largest detractor from the Fund’s performance for the past quarter was LSL Property Services (LSE:LSL). Despite a year-long rebound in the U.K. housing market, the share price of LSL declined during the quarter due to concerns about slowing transactional growth as a result of the rapid appreciation in U.K. home prices, coupled with the possibility that the Bank of England will increase interest rates. Although this may be true after the growth of the past year, over the medium- to long-term the U.K. housing transactional volumes remain well below normal, and LSL should continue to benefit from increased transaction volumes. Currently LSL is trading at less than 10x current years earning, and in our opinion it remains one of the Fund’s most compelling investment opportunities. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

David Herro’s Oakmark Intl Small Cap Fund Comments on Treasury Wine Estates
The top contributing stock for the quarter was Treasury Wine Estates (ASX:TWE), an Australian-based vineyard operator and winemaker that also has significant assets in North America, as well as a global marketing and distribution business. During the quarter Treasury Wine Estates received a preliminary, highly conditional bid from a global investment firm, Kohlberg Kravis Roberts (KKR), to purchase the company for AUD 4.70 per share. The bid was rejected, with management stating that the per-share offer amount undervalued the company. However, the board of directors indicated that the company would consider any new proposals that reflected a price closer to their perception of fair value. Discussions with KKR have since ended without any subsequent offers. We believe that management made the correct decision, as we too feel that the business value of Treasury Wine Estates is worth more than what KKR offered. We recently spoke with Treasury’s Chairman, Paul Rayner, and new CEO, Michael Clarke, with regard to this issue, in addition to recent management changes and a new AUD 35 million cost-cutting program, and we are confident More...

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David Herro's Oakmark International Small Cap Fund's Second Quarter 2014 Letter
June 30, 2014 More...

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