Oakmark Global Fund Added BNP Paribas SA (BNPQY) on a Dip

Oakmark Funds, advised by Harris Associates, released its “Oakmark Global Fund” second quarter 2025 investor letter. The fund underperformed its benchmark, the MSCI World Index (net), in the second quarter. A copy of the letter can be downloaded here. The largest performance contributors were industrials and financials, at the sector level, while health care and energy detracted. In addition, you can check the top 5 holdings of the fund to know its best picks in 2025.

In its second quarter 2025 investor letter, Oakmark Global Fund highlighted stocks such as BNP Paribas SA (OTC:BNPQY). BNP Paribas SA (OTC:BNPQY) is a financial services company that offers various banking and financial products and services. The one-month return of BNP Paribas SA (OTC:BNPQY) was 2.48%, and its shares gained 31.83% of their value over the last 52 weeks. On July 14, 2025, BNP Paribas SA (OTC:BNPQY) stock closed at $44.87 per share with a market capitalization of $101.414 billion.

Oakmark Global Fund stated the following regarding BNP Paribas SA (OTC:BNPQY) in its second quarter 2025 investor letter:

“BNP Paribas SA (OTC:BNPQY) is one of the world’s largest banks with operations in more than 60 countries and the largest in Europe. We like that BNP is a highly diversified business with a best-in-class deposit franchise. In our view, the bank is well-positioned for profitable growth as it focuses on optimizing high-potential business segments, executing value-accretive acquisitions, and driving operating leverage via con tinued cost control. Despite strong fundamental results, the stock trades at a discount to our estimate of intrinsic value due to French macro concerns, manageable regulatory uncertainty, and a lower interest rate environment. This created the opportunity to purchase shares in a well-managed company with strong underlying profitability and meaningful upside potential that should be a relative beneficiary in a falling rate environment.”

A businessperson in a suit shaking hands to seal a deal, symbolizing the company’s corporate banking services.

BNP Paribas SA (OTC:BNPQY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the risk and potential of BNPQY 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 BNPQY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In addition, please check out our hedge fund investor letters Q2 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.