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Keurig Dr Pepper (KDP) Declined Following Acquisition Announcement

Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the quarter, the fund underperformed the benchmark, the S&P 500 Index, while it has outperformed the benchmark since inception. Communication services and energy were the largest contributors at the sector level, while consumer staples and consumer discretionary detracted. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, Oakmark Select...