Oldfield Partners Keeps Adding to Its 2nd-Largest Position in Lear Stock (LEA)

Company Overview - Lear is a leading global supplier of automotive seating and electrical systems, serving major vehicle manufacturers with a diversified product portfolio and global presence [9] - The company generates revenue primarily through the sale of seating and E-Systems products to automotive manufacturers, targeting passenger vehicles, light trucks, and SUVs across North America, Europe, Asia, and South America [11] Financial Performance - Lear reported a total revenue of $23 billion and a net income of $535.3 million for the trailing twelve months (TTM) [5] - The company's dividend yield stands at 2.48% [5] - As of January 9, 2026, Lear's share price was $126.15, reflecting a 34% increase over the past year, outperforming the S&P 500 by 16 percentage points [4][5] Investment Activity - On January 9, 2026, Oldfield Partners LLP disclosed the purchase of 33,313 shares of Lear, valued at approximately $3.56 million based on quarterly average pricing [2][7] - The value of Oldfield's Lear position increased by $12.37 million at quarter-end, indicating both trading activity and price appreciation [3][7] - Post-transaction, Lear accounts for 20.93% of Oldfield's assets under management (AUM), making it the fund's second largest holding [4][7] Market Position - Lear's competitive positioning is supported by its extensive engineering expertise and manufacturing scale, allowing it to deliver integrated solutions that align with evolving automotive technologies [9]