Oakmark Funds, advised by Harris Associates, released its “Oakmark Global Fund” second quarter 2025 investor letter, underperforming its benchmark, the MSCI World Index. Top performance contributors were industrials and financials, while health care and energy detracted. Check the top 5 holdings of the fund for best picks in 2025.

In its second quarter 2025 investor letter, Oakmark Global Fund highlighted Adidas AG, an athletic and sports lifestyle products manufacturer. Adidas AG had a one-month return of 6.09% and closed at $120.79 per share on July 14, 2025, with a market capitalization of $43.496 billion.

Oakmark Global Fund praised Adidas AG in its investor letter, citing the company’s management revitalization, potential for margin expansion, and market growth. Despite solid fundamentals, the stock price declined due to tariff concerns, providing an opportunity for Oakmark to initiate a position in the company at a discount to its estimated intrinsic value.

Adidas AG is not among the 30 Most Popular Stocks Among Hedge Funds, with only 1 hedge fund holding it at the end of the first quarter. While acknowledging its investment potential, other AI stocks are seen as offering greater upside with less downside risk. Explore our free report on the best short-term AI stock for more insights.

For more investor letters from hedge funds and leading investors, visit the hedge fund investor letters Q2 2025 page. Discover the best and worst Dow stocks for the next 12 months and 10 unstoppable stocks that could double your money in the next year.

Read more at Yahoo Finance: Is Adidas AG (ADDDF) Poised for Above-Market Growth?