Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” fourth-quarter 2025 investor letter, outperforming the S&P 500 Index with a return of 8.42%. Communication services and financials were top contributors, while industrials detracted. Check the Fund’s top five holdings for insights into its picks for 2025.

In its fourth-quarter 2025 investor letter, Oakmark Select Fund highlighted Targa Resources Corp. (NYSE: TRGP), which owns and develops domestic infrastructure assets. Targa stock had a one-month return of -1.15% and lost 12.27% over 52 weeks. On January 13, 2026, TRGP closed at $180.28 per share, with a market cap of $38.795 billion.

Oakmark Select Fund praised Targa Resources Corp. (NYSE: TRGP) as a leading midstream natural gas and NGL company with significant market advantages and earnings protection through fee-based arrangements. Despite concerns over Permian oil production, Targa is seen as well-positioned for growth at a discount to peers.

Targa Resources Corp. (NYSE: TRGP) is not among the 30 Most Popular Stocks Among Hedge Funds, with 50 hedge fund portfolios holding it at the end of the third quarter. While acknowledging its investment potential, certain AI stocks are seen as offering greater upside with less downside risk. For a highly undervalued AI stock poised to benefit from tariffs and onshoring, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Here’s Why Oakmark Select Fund Backs Targa Resources (TRGP)