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Lloyds Banking Group plc (LYG) Surged on Strong 2024 Results

Oakmark Funds, advised by Harris Associates, released its “Oakmark Global Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund’s investor class returned 4.39% in the quarter compared to a -1.79% return for the MSCI World Index (net). The fund generated a 9.10% return since its inception compared to the index’s 6.21% return over the same period. The largest contributors at the sector level were financials and health care, while the largest detractors were communication services and materials. In addition, you can check the top 5 holdings...