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The Oakmark International Small Cap Strategy released its Q4 2025 portfolio report, highlighting key drivers and decisions made during the quarter. As of December 31, 2025, the strategy's portfolio consisted of 55 holdings, with a median market capitalization of $1.4 billion. The team, led by portfolio manager David Herro, focused on investing in high-quality companies with strong financials and competitive advantages. Notably, the strategy added new positions in 10 companies, including Japanese electronics manufacturer, Alps Alpine, and Swedish medical technology firm, Getinge. The portfolio's geographical allocation remained largely unchanged, with 43% invested in European companies, 27% in Asian companies, and 30% in other regions. The strategy's investment approach is centered on fundamental research and a long-term perspective, aiming to deliver strong absolute returns over a full market cycle. With a track record of outperforming its benchmark, the Oakmark International Small Cap Strategy continues to be a popular choice among investors seeking international small-cap exposure.