Oakmark Funds, advised by Harris Associates, released its Q4 2025 “Oakmark Fund” investor letter. The fund’s goal is to generate capital appreciation by investing in various large-cap U.S. companies. A copy of the letter can be downloaded here. For the quarter, the fund (investor class) outperformed the S&P 500 index, returning 4.78% versus the index’s 2.66%. Additionally, you can check out the Fund’s top five holdings to determine your best picks for 2025.
In its Q4 2025 investor letter, Oakmark Fund highlighted stocks like Amrize Ltd (NYSE:AMRZ). Amrize Ltd (NYSE:AMRZ) is a building materials company in North America. On January 13, 2026, Amrize Ltd (NYSE:AMRZ) stock closed at $56.44 per share. Amrize Ltd (NYSE:AMRZ)’s monthly performance was 5.42% and year-to-date its shares gained 4.36% of its value. Amrize Ltd (NYSE:AMRZ) has a market capitalization of $31,216 million.
Oakmark Fund stated the following regarding Amrize Ltd (NYSE:AMRZ) in its Q4 2025 investor letter:
“Amrize Ltd. (NYSE:AMRZ) is a leading producer of construction materials and solutions, established following Holcim’s spin-off of its North American operations in June. As an independent company, Amrize holds strong market positions: it is the largest producer of cement, the second largest manufacturer of commercial roofing products, and one of the top five producers of aggregates in the US and Canada. The company benefits from pricing power due to its scale, advantageous regional presence and tight supply dynamics. We also see long-term potential in the building envelope segment and believe there is a path to narrowing the margin gap relative to its roofing peers. In our view, Amrize is a fundamentally sound business that is flying under the radar of most American investors. This created the opportunity to invest alongside a proven management team focused on generating value for shareholders.”
Amrize Ltd (NYSE:AMRZ) isn’t on our list of the 30 most popular stocks among hedge funds. According to our database, 47 hedge fund portfolios held Amrize Ltd (NYSE:AMRZ) at the end of the third quarter, compared to 48 in the previous quarter. While we recognize the potential of Amrize Ltd (NYSE:AMRZ) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
In another article, we covered Amrize Ltd (NYSE:AMRZ) and shared the list of best cement stocks to buy according to analysts. Also, see our Q4 2025 Letters to Hedge Fund Investors page for more letters to hedge fund investors and other leading investors.