10 Best Stocks to Buy According to Value Investor Oldfield Partners

2. Arrow Electronics, Inc. (NYSE:ARW)

Oldfield Partners’ Stake Value: $69,183,404

Percentage of Oldfield Partners’ 13F Portfolio: 13.07%

Number of Hedge Fund Holders: 39

Arrow Electronics, Inc. (NYSE:ARW) is the world’s largest authorized electronics components distributor (15% market share including larger shares in key markets) serving both electronics OEM customers and component suppliers.

In the second quarter, Arrow Electronics (NYSE:ARW) performed strongly despite ongoing market fluctuations and an extended inventory correction in the electronics supply chain. The company reported revenues of $6.9 billion and non-GAAP earnings per share of $2.78, both exceeding guidance. The Global Components segment outperformed expectations, and while the broader market remains uneven, there are signs of gradual improvement.

Revenue grew sequentially in Asia, driven by increased sales in semiconductors and IP&E, particularly in China. In the Americas, aerospace and defense sectors remained robust, though overall revenue slightly declined. EMEA experienced continued declines in industrial and transportation markets, with Europe being the last to enter correction phases.

Arrow’s Global ECS business exceeded expectations, benefiting from strong cloud and AI-related demand, despite some softness in data storage. The company’s strategic shift towards multi-year subscriptions and recurring revenue streams is fostering deeper client relationships and increasing backlog.