Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” first-quarter 2026 investor letter. A copy of the letter can be downloaded here. Oakmark Select Fund is a non-diversified fund that aims to deliver capital appreciation by investing in mid and large-cap US companies. In the quarter, the Fund (investor class) trailed the S&P 500 Index, returning -7.99% vs. -4.33% for the index. Energy is the only contributor to performance at the sector level, while health care and financials detracted from the performance. The Fund believes that equity markets are more influenced by crowd psychology and short-term fluctuations rather than fundamental value. Accordingly, the portfolios are constricted with patience and discipline. 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 Select Fund highlighted Gartner, Inc. (NYSE:IT) as a newly established position. Established in 1979, Gartner, Inc. (NYSE:IT) is a research and advisory company that provides business and technology insights to help businesses make informed decisions. The one-month return of Gartner, Inc. (NYSE:IT) was -5.70%, and its shares lost 62.94% of their value over the last 52 weeks. On April 14, 2026, Gartner, Inc. (NYSE:IT) stock closed at $149.10 per share, with a market capitalization of $10.5 billion.
Oakmark Select Fund stated the following regarding Gartner, Inc. (NYSE:IT) in its Q1 2026 investor letter:
“Gartner, Inc. (NYSE:IT) is a global leader in research services, with a long history of delivering valuable insights and data to business and technology leaders. In our view, the company has the best brand in IT research, supported by its scale and a compelling customer value proposition. These advantages have driven a long history of strong organic growth and robust free-cash-flow conversion. The stock price has declined meaningfully from recent highs due to investor concerns surrounding AI-related disruption. We believe these concerns are overstated. In our view, Gartner is well-positioned to reaccelerate organic growth due to continued high customer engagement and the large opportunity to sell to new and existing customers. We took ad vantage of the opportunity to buy shares in this well managed company at a bargain price.”
Gartner, Inc. (NYSE:IT) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. As per our database, 50 hedge fund portfolios held Gartner, Inc. (NYSE:IT) at the end of the fourth quarter, which was 42 in the previous quarter. In the fourth quarter of 2025, Gartner, Inc. (NYSE:IT) reported revenue of $1.8 billion, reflecting an increase of 2% year-over-year. While we acknowledge the risk and potential of Gartner, Inc. (NYSE:IT) 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 Gartner, Inc. (NYSE:IT) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Gartner, Inc. (NYSE:IT) and shared Generation Investment Global Equity Strategy’s views on the company. 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.
