Oakmark Funds, advised by Harris Associatesreleased its Q1 2026 “Oakmark Select Fund” investor letter. A copy of the letter can be downloaded here. Oakmark Select Fund is a non-diversified fund that aims to generate capital appreciation by investing in large and mid-cap US companies. For the quarter, the Fund (investor class) underperformed the S&P 500 Index, returning -7.99% versus -4.33% for the index. Energy is the only contributor to performance at the sector level, while healthcare and finance detracted from performance. The Fund believes that stock markets are more influenced by crowd psychology and short-term fluctuations than by fundamental value. Consequently, portfolios are restricted with patience and discipline. Additionally, you can check out the Fund’s top five holdings to determine your best picks for 2026.
In its Q1 2026 investor letter, Oakmark Select Fund highlighted Gartner, Inc. (NYSE:IT) as a newly established holding. Founded in 1979, Gartner, Inc. (NYSE:IT) is a research and advisory company that provides business and technology insights to help companies make informed decisions. Gartner, Inc. (NYSE:IT)’s monthly performance was -5.70% and its stock lost 62.94% of its value in the last 52 weeks. On April 14, 2026, Gartner, Inc. (NYSE:IT) stock closed at $149.10 per share, with a market capitalization of $10.5 billion.
Oakmark Select Fund stated the following regarding Gartner, Inc. (NYSE:IT) in its Q1 2026 investor letter:
“Gartner, Inc. (NYSE:IT) is a global leader in research services, with a long history of delivering valuable insights and data to business and technology leaders. In our opinion, the company has the best brand in IT research, backed by its scale and a compelling customer value proposition. These advantages have fueled a long history of strong organic growth and solid free cash flow conversion. The stock price has declined significantly from recent highs due to investor concerns around AI-related disruptions. We believe these concerns are overblown. In our view, Gartner is well positioned to reignite organic growth due to continued high customer engagement and the strong opportunity to sell to new and existing customers. “We took the opportunity to buy shares in this well-run company at a bargain price.”
Gartner, Inc. (NYSE:IT) isn’t on our list of the 40 most popular stocks among hedge funds heading into 2026. According to our database, 50 hedge fund portfolios held Gartner, Inc. (NYSE:IT) at the end of the fourth quarter, up from 42 in the prior quarter. In Q4 2025, Gartner, Inc. (NYSE:IT) reported revenue of $1.8 billion, reflecting a 2% increase year over year. While we recognize the potential of Gartner, Inc. (NYSE:IT) as an investment, we believe certain AI stocks offer greater growth 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.