Oakmark Funds, advised by Harris Associates, released its “Oakmark Fund” fourth-quarter 2025 investor letter. The objective of the fund is to deliver capital appreciation by investing in diverse large-cap US companies. A copy of the letter can be downloaded here. In the quarter, the fund (investor class) outperformed the S&P 500 Index, returning 4.78% vs. 2.66% for the index. In addition, you can check the Fund’s top five holdings to determine its best picks for 2025.
In its fourth-quarter 2025 investor letter, Oakmark Fund highlighted stocks such as AerCap Holdings N.V. (NYSE:AER). AerCap Holdings N.V. (NYSE:AER) engages in the lease, financing, sale, and management of flight equipment. On January 13, 2026, AerCap Holdings N.V. (NYSE:AER) stock closed at $144.28 per share. One-month return of AerCap Holdings N.V. (NYSE:AER) was 2.36%, and its shares gained 49.13% of their value over the last 52 weeks. AerCap Holdings N.V. (NYSE:AER) has a market capitalization of $25.727 billion.
Oakmark Fund stated the following regarding AerCap Holdings N.V. (NYSE:AER) in its fourth quarter 2025 investor letter:
“AerCap Holdings N.V. (NYSE:AER) is the largest aircraft lessor globally. Aircraft leasing is a large market that benefits from secular growth in global travel demand. We think AerCap possesses scale advantages that enable the company to earn a higher return on equity (ROE) than its peers. We also believe management’s opportunistic, returns-focused approach to organic and inorganic growth is a key driver of the company’s best-in-class performance. We began purchasing AerCap shares at a modest premium to book value or a single-digit price-to-earnings (P/E) multiple. We find this valuation attractive for a business that has historically generated a low- to-mid teens ROE and has sustainable competitive advantages. Moreover, we believe the book value of AerCap’s portfolio is understated, given the significant increases in aircraft and engine values in recent years.”
AerCap Holdings N.V. (NYSE:AER) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 55 hedge fund portfolios held AerCap Holdings N.V. (NYSE:AER) at the end of the third quarter, compared to 63 in the previous quarter. While we acknowledge the potential of AerCap Holdings N.V. (NYSE:AER) 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 also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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