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What Makes Birkenstock Holding plc (BIRK) an Attractive Bet?

Harris Oakmark recently released its second-quarter 2026 investor letter for the “Oakmark International Small Cap Fund”. A copy of the letter can be downloaded here. The fund focuses on long-term capital appreciation by investing in small-cap companies located outside the U.S. In the quarter, the fund (Investor Class) delivered a return of 4.82%, trailing the benchmark, the MSCI World ex USA Index’s 7.94 % return. Information technology and industrials were the top performance contributors at the sector level, while consumer staples and materials were the largest detractors....