Oakmark Fund lags in Q3; adds Targa Resources, Union Pacific

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Oakmark Fund (Class I Shares) underperformed the benchmark, the S&P 500 Index, for the quarter, but outperformed the benchmark since inception.

The fund's new purchases: Targa Resources (NYSE:TRGP [https://seekingalpha.com/symbol/TRGP]), a midstream natural gas and NGL company that’s part of a group controlling 90% of the fractionation capacity at Mont Belvieu—the world’s largest NGL hub; and Union Pacific (NYSE:UNP [https://seekingalpha.com/symbol/UNP]), the largest and most profitable Class I railroad in the U.S.

"While our relative performance has been pressured by our underweight exposure to the information technology sector, we are finding attractive opportunities to invest in high-quality, undervalued businesses across a variety of industries," the fund said in a statement.

Source [https://seekingalpha.com/article/4829414-oakmark-fund-q3-2025-commentary]

MORE ON UNION PACIFIC, TARGA RESOURCES, ETC.

* Oakmark Fund Q3 2025 Commentary [https://seekingalpha.com/article/4829414-oakmark-fund-q3-2025-commentary]
* Oakmark U.S. Equity Market Q3 2025 Commentary [https://seekingalpha.com/article/4828472-oakmark-us-equity-market-q3-2025-commentary]
* Union Pacific: An Undervalued Blue-Chip Stock Benefiting From Durable Competitive Advantages [https://seekingalpha.com/article/4826542-union-pacific-unp-undervalued-blue-chip-stock-benefiting-from-durable-competitive-advantages]
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