Published on 8 Apr 2024 on Insider Monkey via Yahoo Finance
Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. The fund returned 6.22% in the first quarter compared to a 10.56% return for the S&P 500 Index. The fund returned an average of 11.93% per year since its inception in November 1996 compared to index’s annualized total return of 9.62% over the same period. The largest contributing sectors were financials and energy during the first quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
Oakmark Select Fund featured stocks like Liberty Broadband Corporation (NASDAQ:LBRDA) in the first quarter 2024 investor letter. Headquartered in Englewood, Colorado, Liberty Broadband Corporation (NASDAQ:LBRDA) provides communications services. On April 5, 2024, Liberty Broadband Corporation (NASDAQ:LBRDA) stock closed at $51.50 per share. One-month return of Liberty Broadband Corporation (NASDAQ:LBRDA) was -12.65%, and its shares lost 36.52% of their value over the last 52 weeks. Liberty Broadband Corporation (NASDAQ:LBRDA) has a market capitalization of $7.398 billion.
Oakmark Select Fund stated the following regarding Liberty Broadband Corporation (NASDAQ:LBRDA) in its first quarter 2024 investor letter: