Published on 14 Apr 2023 on Insider Monkey via Yahoo Finance

Oakmark Global Fund Sold Grupo Televisa, S.A.B. (TV) for Better Alternative

Oakmark Funds, advised by Harris Associates, released its “Oakmark Global Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund returned 10.5% compared to a 7.7% return for the MSCI World Index. The fund returned 9.3% since its inception compared to 5.4% for the index. In the first quarter, both the U.S. and non-U.S. portions of the portfolio contributed to the outperformance of the fund. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Oakmark Global Fund highlighted stocks like Grupo Televisa, S.A.B. (NYSE:TV) in the first quarter 2023 investor letter. Headquartered in Mexico City, Mexico, Grupo Televisa, S.A.B. (NYSE:TV) is a media company. On April 13, 2023, Grupo Televisa, S.A.B. (NYSE:TV) stock closed at $5.48 per share. One-month return of Grupo Televisa, S.A.B. (NYSE:TV) was 20.70%, and its shares lost 49.95% of their value over the last 52 weeks. Grupo Televisa, S.A.B. (NYSE:TV) has a market capitalization of $3.162 billion.

Oakmark Global Fund made the following comment about Grupo Televisa, S.A.B. (NYSE:TV) in its Q1 2023 investor letter: