Oakmark Select Fund Investor Class adds TRGP; exits CHTR and GLIBK among Q4 moves

Oakmark Select Fund Investor Class outperformed the benchmark for the quarter, driven by strong performance in communication services and financials.

The fund, in its quarterly fund letter, stated that the industrials sector was the only detractor.

During the fourth quarter, the fund added Target Resources (TRGP [https://seekingalpha.com/symbol/TRGP]), a midstream natural gas and natural gas liquids (NGL) company that is part of a group controlling 90% of the fractionation capacity in the world’s largest NGL hub, Mont Belvieu.

On the other hand, the fund announced final sales of Charter Communications Cl A (CHTR [https://seekingalpha.com/symbol/CHTR]), GCI Liberty Cl C (GLIBK [https://seekingalpha.com/symbol/GLIBK]) and Liberty Broadband Cl C (LBRDK [https://seekingalpha.com/symbol/LBRDK]).

Source: Quarterly fund letter [https://seekingalpha.com/article/4859580-oakmark-select-fund-q4-2025-commentary]

MORE ON OAKMARK SELECT FUND INVESTOR CLASS, TARGA RESOURCES, ETC.

* Oakmark Select Fund Q4 2025 Commentary [https://seekingalpha.com/article/4859580-oakmark-select-fund-q4-2025-commentary]
* GCI Liberty: Fairly-Valued And Increasingly Exposed [https://seekingalpha.com/article/4858086-gci-liberty-fairly-valued-and-increasingly-exposed]
* Charter Communications, Inc. (CHTR) Presents at UBS Global Media and Communications Conference 2025 Transcript [https://seekingalpha.com/article/4851272-charter-communications-inc-chtr-presents-at-ubs-global-media-and-communications-conference]
* Targa Resources declares $1.00 dividend, intends to raise dividend to $1.25 [https://seekingalpha.com/news/4539765-targa-resources-declares-100-dividend-intends-to-raise-dividend-to-125]
* Wells Fargo cuts rating of cable operators amid competition from fiber and fixed wireless [https://seekingalpha.com/news/4538780-wells-fargo-cuts-rating-of-cable-operators-amid-competition-from-fiber-and-fixed-wireless]