Core Insights - Columbia Threadneedle Investments reported a 12.06% return for its Columbia Global Technology Growth Fund in Q3 2025, slightly below the S&P Global 1200 Information Technology Index's return of 12.82% [1] - The fund's performance was positively influenced by stock selection, particularly in the context of strong earnings growth and enthusiasm for artificial intelligence [1] Company Performance - Salesforce, Inc. (NYSE:CRM) experienced a one-month return of 5.95% but saw a decline of 12.62% over the past 52 weeks, closing at $260.41 per share with a market capitalization of $247.91 billion on October 31, 2025 [2] - Salesforce's shares lagged in Q3 2025 due to conservative forward-looking guidance, which contrasted with high expectations for generative AI adoption [3] Innovation and Market Position - Salesforce launched its full-stack AI system, Agentforce, which has seen strong demand across various industries, along with a specialized AI platform for healthcare and pharmaceuticals [3] - In Q2 2026, Salesforce reported revenue of $10.25 billion, marking a 10% year-over-year increase and 9% growth in constant currency [4]

Core Insights - Diamond Hill Capital's "Select Fund" underperformed the Russell 3000 Index in Q3 2025, returning 4.98% compared to the index's 8% gain [1] - Salesforce, Inc. (NYSE:CRM) was highlighted as a significant contributor to the fund's underperformance, facing challenges such as higher customer attrition rates and concerns about AI disruption [3] Company Performance - Salesforce, Inc. reported a one-month return of 6.78% but experienced a 12.92% decline in share value over the past 52 weeks, closing at $256.65 per share with a market capitalization of $244.331 billion on October 30, 2025 [2] - In Q2 2026, Salesforce, Inc. achieved revenue of $10.25 billion, marking a 10% year-over-year increase and 9% in constant currency [3] Investment Sentiment - Salesforce, Inc. ranked 16th among the 30 Most Popular Stocks Among Hedge Funds, with 121 hedge fund portfolios holding its shares at the end of Q2 2025, down from 140 in the previous quarter [3] - Despite its potential, the company is viewed as having less upside compared to certain AI stocks, which are considered to carry lower downside risk [3]

Core Insights - Vulcan Value Partners reported positive absolute performance across all strategies in Q3 2025, with the All-Cap Composite leading at 5.5% net return [1] - Salesforce, Inc. (NYSE:CRM) was highlighted as a key stock, experiencing a one-month return of -3.15% and a 52-week decline of 18.73% [2] Company Overview - Salesforce, Inc. is recognized as the leading SaaS vendor for customer relationship management (CRM) and salesforce automation (SFA) software, including AI agents [3] - The company offers a diverse range of products, including marketing automation, customer service automation, analytics, application integration, and enterprise collaboration [3] Growth Outlook - Growth guidance for Salesforce was slightly lower than anticipated, raising concerns about potential slowing growth and the effectiveness of AI investments [3] - Despite bearish narratives suggesting AI could take market share from enterprise software companies, Salesforce is expected to benefit from AI advancements [3] Market Position - Salesforce's software is deeply integrated within enterprises, showcasing high customer retention, recurring revenue, and scalability with high margin potential [3] - The company is continuously innovating with new products like Agentforce to enhance customer relationships and drive business growth [3]

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]

Core Insights - The third quarter of 2025 was a strong period for US equities, driven by optimism regarding the Federal Reserve's dovish stance and a boom in artificial intelligence [1] - Mar Vista U.S. Quality Strategy reported a return of +3.29% net of fees, underperforming the Russell 1000 Index and S&P 500 Index, which returned +8.00% and +8.12% respectively [1] Company Performance - Salesforce, Inc. (NYSE:CRM) experienced a one-month return of -0.88% and a 52-week decline of 16.49%, closing at $240.43 per share with a market capitalization of $228.889 billion on October 8, 2025 [2] - Concerns affecting Salesforce's stock included potential trade tensions impacting GDP growth and IT budgets, fears of AI cannibalizing Service Cloud seats, and slower-than-expected monetization from AI-enabled offerings like AgentForce [3] Hedge Fund Interest - Salesforce, Inc. ranked 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 revenue of $10.25 billion in Q2 2026, marking a 10% year-over-year increase and 9% in constant currency [4]

Core Insights - Diamond Hill Capital's "Select Strategy" second-quarter 2025 investor letter indicates a market rebound with US stocks rising approximately 11% as measured by the Russell 3000 Index, following a downturn at the start of April due to tariff announcements [1] - The portfolio achieved a net return of 7.31%, underperforming the Russell 3000 Index which returned 10.99% [1] - Salesforce, Inc. (NYSE:CRM) was highlighted as a key stock, with a one-month return of -4.35% and a 52-week loss of 10.45% [2][4] Company Performance - Salesforce, Inc. reported a revenue of $10.25 billion for the second quarter of 2026, marking a year-over-year increase of 10% and 9% in constant currency [4] - The stock closed at $245.10 per share on September 29, 2025, with a market capitalization of $233.335 billion [2] Investment Strategy - The company initiated two new positions in the quarter, including Salesforce, Inc. and Antero Resources Corporation, at what it considers compelling valuations [3] - Salesforce, Inc. ranks 16th among the 30 Most Popular Stocks Among Hedge Funds, with 121 hedge fund portfolios holding its stock at the end of the second quarter, down from 140 in the previous quarter [4]