Oakmark Equity and Income Fund Established a Position in Salesforce (CRM) in Q3

Core Insights - Oakmark Equity and Income Fund's Q3 2025 performance showed underperformance against the S&P 500 and outperformance since inception, with equity portfolio returning 3.64% and fixed income portfolio returning 2.40% [1] - The fund's allocation consisted of 59.6% in equities, 39.3% in fixed income, and 1.1% in cash [1] Company Analysis: Salesforce, Inc. (NYSE:CRM) - Salesforce, Inc. is recognized as a leading technology company providing a comprehensive front office productivity suite, currently undergoing a transformation to enhance profitability and shareholder focus [3] - The stock experienced a one-month return of 1.65% but has declined by 14.35% over the past 52 weeks, closing at $245.33 with a market capitalization of $235.163 billion on October 9, 2025 [2][3] - Despite a significant drop in stock price since exiting the position in December, Salesforce continues to report fundamental results aligned with expectations, indicating potential for future growth [3] Market Position - Salesforce, Inc. ranks 16th among the 30 Most Popular Stocks Among Hedge Funds, with 121 hedge fund portfolios holding the stock at the end of Q2 2025, down from 140 in the previous quarter [4] - The company reported Q2 2026 revenue of $10.25 billion, marking a 10% year-over-year increase and 9% in constant currency [5]