IQVIA Holdings (IQV) Traded Lower Due to AI-Related Fears Despite Reporting In-Line Results

Oakmark Funds, advised by Harris Associates, released its “Oakmark Global Select Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. It is a non-diversified fund that focuses on long-term capital appreciation by investing in common stocks of U.S. and non-U.S. companies. In the first quarter, the fund (Investor Class) delivered a return of -8.12%, lagging behind the benchmark, the MSCI World Index’s -3.57% return. Energy and industrials were the top performance contributors at the sector level, while health care and consumer discretionary detracted...