Oakmark Funds, advised by Harris Associates, released its “Oakmark International Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. For the quarter ended March 31, 2025, the fund’s Investor Share Class returned 7.88% compared to the MSCI World ex USA Index’s 6.20% return. Since its inception, the fund returned 8.37% compared to a 6.07% return for the index. Financials and health care sector contributed to the fund’s performance in the quarter, while communication services and information technology detracted. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its first-quarter 2025 investor letter, Oakmark International Fund highlighted stocks such as LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY). LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is a leading luxury goods company. The one-month return of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) was -18.44%, and its shares lost 36.20% of their value over the last 52 weeks. On April 16, 2025, LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) stock closed at $108.93 per share with a market capitalization of $276.31 billion.
Oakmark International Fund stated the following regarding LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) in its Q1 2025 investor letter:
“LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is the world’s largest luxury goods company with a portfolio of 75 brands, including prestigious houses Louis Vuitton and Christian Dior. Importantly, the company is focused on fashion and leather goods. This is one of the more attractive subcategories within the sector and where Vuitton has high brand desirability and scale, which drive industry leading profitability. The business is run by Bernard Arnault, who we consider to be one of the best CEOs in Europe, and who is fully aligned with shareholders given his family’s 41% ownership. The opportunity exists because of the recent fears around tariffs and the macro environ ment (initially in China and increasingly in the U.S.). We view this as a rare opportunity to purchase shares in LVMH at a discounted valuation to its peers and the company’s own trading history. We expect that the industry will recover over the medium term, that recent innovations will help sustain attractive revenue growth and that self-help will serve to reaccelerate earnings growth.”
A stunning jewelry display with diamonds and gold, highlighting the company’s commitment to quality.
LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 2 hedge fund portfolios held LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) at the end of the fourth quarter which was 1 in the previous quarter. While we acknowledge the potential of LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMUY) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.