Oakmark Funds, advised by Harris Associates, released its “Oakmark Fund” first-quarter 2026 investor letter. The objective of the fund is to deliver capital appreciation by investing in diverse large-cap US companies. A copy of the letter can be downloaded here. In the quarter, the Fund (investor class) outperformed the S&P 500 Index, returning -2.47% vs. -4.33% for the index. In addition, you can check the Fund’s top five holdings to determine its best picks for 2026.
In its first-quarter 2026 investor letter, Oakmark Fund highlighted Roper Technologies, Inc. (NASDAQ:ROP). Roper Technologies, Inc. (NASDAQ:ROP) is a technology company that designs and develops vertical software and technology-enabled products. On April 13, 2026, Roper Technologies, Inc. (NASDAQ:ROP) closed at $356.35 per share. One-month return of Roper Technologies, Inc. (NASDAQ:ROP) was 0.98%, and its shares lost 37.16% over the past 52 weeks. Roper Technologies, Inc. (NASDAQ:ROP) has a market capitalization of $36.678 billion.
Oakmark Fund stated the following regarding Roper Technologies, Inc. (NASDAQ:ROP) in its Q1 2026 investor letter:
“Roper Technologies, Inc. (NASDAQ:ROP) is a diversified holdings company that operates a portfolio of market-leading businesses focused on vertical software, managed services, and technology-enabled products for niche markets. In our view, Roper’s vertical software business benefits from a deep moat, strong margins, and a high gross retention rate. Beyond this, we think the company is well-positioned to see organic growth accelerate broadly, and the business is led by a strong management team of shrewd capital allocators. Despite an attractive outlook, the stock has sold off due to misplaced AI fears, allowing us to initiate a position in a capital-light, cash-generative business at a discounted valuation.”
Roper Technologies, Inc. (NASDAQ:ROP) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 61 hedge fund portfolios held Roper Technologies, Inc. (NASDAQ:ROP) at the end of the fourth quarter, compared to 63 in the previous quarter. While we acknowledge the risk and potential of Roper Technologies, Inc. (NASDAQ:ROP) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Roper Technologies, Inc. (NASDAQ:ROP) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Roper Technologies, Inc. (NASDAQ:ROP) and shared the list of dirt cheap stocks to buy with $1000. In addition, please check out our hedge fund investor letters Q1 2026 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.
