This article first appeared on GuruFocus .
Insights from Oakmark Intl Small Cap ( Trades , Portfolio )'s Recent N-PORT Filing
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Oakmark Intl Small Cap ( Trades , Portfolio ) recently submitted its N-PORT filing for the third quarter of 2025, revealing strategic investment decisions made during this period. The Oakmark International Small Cap Fund is known for its focus on small-cap companies, investing at least 80% of its net assets in such stocks. The fund's managers are committed to long-term investments, seeking businesses with growth potential that are managed in a way that benefits shareholders. Oakmark's strategy involves purchasing securities priced significantly below their intrinsic value and patiently waiting for the market to recognize this value.
Summary of New Buy
Oakmark Intl Small Cap ( Trades , Portfolio ) added a total of six stocks, with the most significant addition being Hamamatsu Photonics KK ( TSE:6965 ). This purchase involved 1,921,400 shares, accounting for 1.61% of the portfolio, with a total value of 20,853,010 million. The second largest addition was Robertet SA ( XPAR:RBT ), consisting of 12,935 shares, representing approximately 0.93% of the portfolio, with a total value of 12,057,960. The third largest addition was Alten ( XPAR:ATE ), with 121,700 shares, accounting for 0.77% of the portfolio and a total value of 9,987,450.
Key Position Increases
Oakmark Intl Small Cap ( Trades , Portfolio ) also increased stakes in a total of 21 stocks. The most notable increase was in Bakkafrost P/F ( OSL:BAKKA ), with an additional 346,300 shares, bringing the total to 399,200 shares. This adjustment represents a significant 654.63% increase in share count, a 1.22% impact on the current portfolio, with a total value of kr18,296,830. The second largest increase was in Amplifon SpA ( MIL:AMP ), with an additional 812,800 shares, bringing the total to 1,807,600. This adjustment represents a significant 81.7% increase in share count, with a total value of 29,403,270.
Summary of Sold Out
Oakmark Intl Small Cap ( Trades , Portfolio ) completely exited three holdings in the third quarter of 2025. These include Sapiens International Corp NV ( NASDAQ:SPNS ), where all 477,619 shares were sold, resulting in a -1.05% impact on the portfolio. Additionally, Hakuhodo DY Holdings Inc ( TSE:2433 ) was liquidated, with all 1,100,700 shares sold, causing a -0.69% impact on the portfolio.
Key Position Reduces
Oakmark Intl Small Cap ( Trades , Portfolio ) also reduced positions in 33 stocks. The most significant changes include a reduction in JDE Peet's NV ( XAMS:JDEP ) by 429,000 shares, resulting in a -39.8% decrease in shares and a -0.92% impact on the portfolio. The stock traded at an average price of 27.58 during the quarter and has returned 18.54% over the past three months and 97.20% year-to-date. Additionally, iM Financial Group Inc ( XKRX:139130 ) was reduced by 1,229,323 shares, resulting in a -29.76% reduction in shares and a -0.86% impact on the portfolio. The stock traded at an average price of ?14,093.5 during the quarter and has returned 1.01% over the past three months and 81.40% year-to-date.
Portfolio Overview
As of the third quarter of 2025, Oakmark Intl Small Cap ( Trades , Portfolio )'s portfolio included 64 stocks. The top holdings were 3.42% in Azimut Holding SpA ( MIL:AZM ), 3.28% in Julius Baer Gruppe AG ( XSWX:BAER ), 3.08% in Atea ASA ( OSL:ATEA ), 2.88% in Duerr AG ( XTER:DUE ), and 2.71% in ISS AS ( OCSE:ISS ).
The holdings are mainly concentrated in nine of the eleven industries: Industrials, Consumer Cyclical, Technology, Financial Services, Healthcare, Consumer Defensive, Basic Materials, Communication Services, and Real Estate.
