The Oakmark International Small Cap Fund (Trades, Portfolio) recently disclosed its portfolio updates for the third quarter of 2020, which ended on Sept. 30.
Founded in 1995 and managed by portfolio managers David Herro (Trades, Portfolio), Michael Manelli and Justin Hance, the Oakmark International Small Cap Fund invests in a relatively small number of non-U.S. small cap stocks (approximately 50 to 60). The fund aims to invest in securities that are trading at a discount to intrinsic value and show strong potential to increase value for shareholders.
Based on these criteria, the fund’s top buys for the quarter were MITIE Group PLC (LSE:MTO) and Smith (DS) PLC (LSE:SMDS), while its top sells were Neles Corp. (OHEL:NELES) and Dometic Group AB (OSTO:DOM).
MITIE Group
The fund increased its stake in MITIE Group by 30,257,000 shares, or 218.46%, for a total investment of 44,107,000…
