Oakmark Select Fund Outperforms Benchmark in Q4, Adds Target Resources
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 19 2026
0mins
Should l Buy CHTR?
Source: seekingalpha
- Quarterly Performance: The Oakmark Select Fund Investor Class outperformed its benchmark in Q4, primarily driven by strong gains in the communication services and financial sectors, demonstrating resilience amid market volatility.
- Sector Impact Analysis: While the industrials sector was the only detractor, the overall strong performance reflects the fund's successful stock selection strategy.
- New Investment Positioning: The fund added Target Resources (TRGP) in Q4, a company controlling 90% of the fractionation capacity in the world's largest NGL hub, Mont Belvieu, indicating a bullish outlook on the midstream natural gas market.
- Asset Adjustment Strategy: The fund announced final sales of Charter Communications Cl A (CHTR), GCI Liberty Cl C (GLIBK), and Liberty Broadband Cl C (LBRDK), highlighting its proactive approach to optimizing the investment portfolio.
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Analyst Views on CHTR
Wall Street analysts forecast CHTR stock price to rise
13 Analyst Rating
5 Buy
6 Hold
2 Sell
Hold
Current: 222.810
Low
165.00
Averages
286.91
High
428.00
Current: 222.810
Low
165.00
Averages
286.91
High
428.00
About CHTR
Charter Communications, Inc. is a broadband connectivity company and cable operator serving more than 57 million homes and businesses in 41 states through its Spectrum brand. Over an advanced communications network, the Company offers a range of residential and business services, including Spectrum Internet, television (TV), Mobile and Voice. For small businesses, Spectrum Business delivers a range of broadband products and services coupled with special features and applications to enhance productivity. For mid-market and large businesses, Spectrum Business provides customized, fiber-based solutions. Spectrum Reach delivers advertising and production for the modern media landscape. The Company also distributes news coverage and sports programming to its customers through Spectrum Networks. The Company offers its customers subscription-based Internet, video, mobile and voice services, with prices and related charges based on the types of service selected.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Individual Stock Dynamics: While Franklin Resources Inc is up 4.71% year-to-date, Arthur J. Gallagher & Co. has seen a significant drop of 15.51%, highlighting divergent performances that may influence investor decisions.
- Services Sector Trends: The services sector is also underperforming with a 1.6% decline, led by notable losses from Expedia Group Inc (EXPE) and Charter Communications Inc (CHTR) at 4.8% and 4.2%, respectively, further exacerbating the overall market's bearish sentiment.
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- Nonfarm Payroll Decline: According to the Bureau of Labor Statistics, nonfarm payrolls dropped by 92,000 in February, with the unemployment rate rising from 4.3% to 4.4%, falling short of economists' expectations for a 50,000 job increase, suggesting challenges in economic recovery.
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- Revenue Structure Transition: CEO Mark Lazarus indicated that the company aims to transition its business model by 2026, targeting a future where 50% of revenue comes from digital and ad-supported ventures, highlighting a strategic focus on growth opportunities.
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- First Earnings Report: Versant is set to release its inaugural earnings report as a public company on Tuesday, providing the market with its first insight into the financial health of a company primarily composed of pay-TV networks, despite a revenue decline to $7.1 billion in 2024 from $7.4 billion in 2023.
- Market Pressures Intensify: The stock has dropped about 25% since its January debut, reflecting market concerns over traditional TV businesses as customers migrate to streaming alternatives, even though over 80% of its revenue still comes from pay-TV distribution.
- Strategic Transition Plans: Versant aims to pivot its business model by 2026, targeting a revenue split of 50% from pay-TV and 50% from digital, platform, and ad-supported ventures, indicating a strong focus on future growth opportunities.
- Long-term Partnership Agreements: Versant's agreements with major distributors extend through 2028 and beyond, providing stability and visibility for the business, even as it faces upcoming renewal negotiations, amidst increasing occurrences of content blackouts in the industry.
See More
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- Financial Sector Performance: Financial stocks are the worst performers in afternoon trading on Monday, showing a 2.0% decline, with Franklin Resources Inc (BEN) and Arthur J. Gallagher & Co. (AJG) lagging at 4.7% and 4.5% losses, indicating a weak trend in the sector.
- ETF Performance: The Financial Select Sector SPDR ETF (XLF), which tracks the financial sector, is down 2.0% on the day and has declined 9.51% year-to-date, reflecting a lack of investor confidence in the financial industry.
- Individual Stock Dynamics: While Franklin Resources Inc is up 4.71% year-to-date, Arthur J. Gallagher & Co. has seen a significant drop of 15.51%, highlighting divergent performances that may influence investor decisions.
- Services Sector Trends: The services sector is also underperforming with a 1.6% decline, led by notable losses from Expedia Group Inc (EXPE) and Charter Communications Inc (CHTR) at 4.8% and 4.2%, respectively, further exacerbating the overall market's bearish sentiment.
See More
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- Job Loss in Information Sector: The information sector lost 11,000 jobs in February, significantly higher than the average monthly loss of 5,000 over the past year, indicating a rapid impact of AI adoption as companies become more cautious in hiring, potentially leading to long-term employment structure changes.
- Nonfarm Payroll Decline: According to the Bureau of Labor Statistics, nonfarm payrolls dropped by 92,000 in February, with the unemployment rate rising from 4.3% to 4.4%, falling short of economists' expectations for a 50,000 job increase, suggesting challenges in economic recovery.
- Accelerated Technology Adoption: Cramer noted that employment in transportation and warehousing has declined by 157,000 jobs since its peak in February 2025, reflecting a growing reliance on robots and automation, indicating profound changes in industry structure.
- Signal of Economic Transformation: Cramer emphasized that these employment market changes are not cyclical but secular, suggesting that the economy is transitioning to a more efficient technology-driven model, with companies increasingly adopting new technologies to meet market demands.
See More
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- Service Expansion: Spectrum Business has added Managed Network Services under the CALNET contract, aiming to provide state and local government agencies with more flexible technology solutions, thereby enhancing their operational efficiency and technological capabilities.
- Simplified Network Management: The new service acts as an extension of the IT department, assisting government agencies in managing and modernizing complex networks more easily, ensuring the continuous delivery of critical services and enhancing the agencies' technological responsiveness.
- Unified Communication Solutions: Spectrum Business has also launched unified communication services in partnership with RingCentral, offering cloud-hosted VoIP services that support voice calling, virtual meetings, and instant messaging, catering to the needs of today's distributed workforce.
- Network Connectivity Optimization: By providing fiber connectivity directly into the California Government Enterprise Network data center, Spectrum Business enables agencies to manage data traffic more effectively, further driving digital transformation and improving service quality.
See More
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- Service Expansion: Spectrum Business has added Managed Network Services under the CALNET contract to provide state and local government agencies with more flexible technology solutions, thereby enhancing their technological capabilities to meet objectives more effectively.
- Simplified Network Management: The new service acts as an extension of the IT department, assisting government agencies in simplifying the management and modernization of complex networks, ensuring continuity of critical services and enhancing service reliability and infrastructure robustness.
- Unified Communications Solution: Spectrum Business has also launched unified communications services with RingCentral, offering cloud-hosted VoIP services that support voice calling, virtual meeting rooms, and instant messaging, catering to the needs of today's distributed workforce.
- Diverse Connectivity Options: In addition to the new services, Spectrum offers a variety of connectivity options, including Metropolitan Area Network Ethernet Services and Cloud Connect, aimed at meeting the diverse needs of government agencies and facilitating digital transformation.
See More
Versant Media Group Set to Release First Earnings Report as Public Company
- First Earnings Report: Versant Media Group is set to release its inaugural earnings report as a public company on Tuesday, providing Wall Street with its first insight into a company primarily composed of pay-TV networks, despite a revenue decline to $7.1 billion in 2024 from $7.4 billion in 2023, indicating market pressures.
- Stock Performance Decline: Since its January debut, Versant's stock has dropped approximately 25%, with a current market capitalization of around $4.8 billion, reflecting investor concerns regarding the traditional pay-TV business amid the rise of streaming alternatives.
- Revenue Structure Transition: CEO Mark Lazarus indicated that the company aims to transition its business model by 2026, targeting a future where 50% of revenue comes from digital and ad-supported ventures, highlighting a strategic focus on growth opportunities.
- Long-term Partnership Agreements: Versant's long-term agreements with major distributors will extend through 2028 and beyond, providing crucial stability for the company despite upcoming contract renewals, which are expected to be challenging.
See More
Versant Set to Release First Earnings Report as Public Company
- First Earnings Report: Versant is set to release its inaugural earnings report as a public company on Tuesday, providing the market with its first insight into the financial health of a company primarily composed of pay-TV networks, despite a revenue decline to $7.1 billion in 2024 from $7.4 billion in 2023.
- Market Pressures Intensify: The stock has dropped about 25% since its January debut, reflecting market concerns over traditional TV businesses as customers migrate to streaming alternatives, even though over 80% of its revenue still comes from pay-TV distribution.
- Strategic Transition Plans: Versant aims to pivot its business model by 2026, targeting a revenue split of 50% from pay-TV and 50% from digital, platform, and ad-supported ventures, indicating a strong focus on future growth opportunities.
- Long-term Partnership Agreements: Versant's agreements with major distributors extend through 2028 and beyond, providing stability and visibility for the business, even as it faces upcoming renewal negotiations, amidst increasing occurrences of content blackouts in the industry.
See More
