Oakmark Equity and Income Fund underperformed with the equity portfolio return of 3.64% for the quarter compared to 8.12% for the S&P 500 index. The fixed income portfolio returned 2.40% compared to 2.03% for the Bloomberg U.S. Aggregate Bond Index. The fund’s allocation was 59.6% in equities, 39.3% in fixed income, and 1.1% in cash.
In Q3 2025, the fund initiated new positions in Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), TE Connectivity (NYSE:TEL), and Warner Bros. Discovery (NASDAQ:WBD) to its holdings.
During the third quarter, the fund exited Charter Communications (NASDAQ:CHTR), Centene (NYSE:CNC), and Keurig Dr Pepper (NASDAQ:KDP).
Looking ahead, OAKBX only new addition was the technology company Salesforce, so it expects NYSE:CRM to contribute significantly to the earnings growth and return of the portfolio.
