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Rapid Chinese AI Growth Lifted Alibaba Group (BABA) Higher in Q3

Oakmark Funds, advised by Harris Associates, released its “Oakmark Global Select Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund underperformed its benchmark, the MSCI World Index, in the third quarter and since its inception. The largest performance contributors were consumer discretionary and consumer staples, at the sector level, while industrials and financials detracted. In addition, you can check the top 5 holdings of the fund to know its best picks in 2025.

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