Oakmark Funds, advised by Harris Associates, released its “Oakmark International Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. For the quarter ended March 31, 2025, the fund's Investor Share Class returned 7.88% compared to the MSCI World ex USA Index’s 6.20% return. Since its inception, the fund returned 8.37% compared to a 6.07% return for the index. Financials and health care sector contributed to the fund’s performance in the quarter, while communication services and information technology detracted. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its first-quarter 2025 investor letter, Oakmark International Fund highlighted stocks such as Flutter Entertainment plc (NYSE:FLUT). Flutter Entertainment plc (NYSE:FLUT) is a sports betting and gaming company. The one-month return of Flutter Entertainment plc (NYSE:FLUT) was -6.00%, and its shares gained 25.31% of their value over the last 52 weeks. On April 16, 2025, Flutter Entertainment plc (NYSE:FLUT) stock closed at $227.18 per share with a market capitalization of $40.15 billion.

Oakmark International Fund stated the following regarding Flutter Entertainment plc (NYSE:FLUT) in its Q1 2025 investor letter:

"Flutter Entertainment plc (NYSE:FLUT) is the world's largest online gambling company, boasting a portfolio of premier online sports betting and casino brands including FanDuel, Sportsbet, Pokerstars and Paddy Power. The company commands the number one market position across the vast majority of its revenue base driven by its best-in-class product. We appreciate that online gambling favors scaled players and believe that management has Flutter well-positioned to capitalize on strong secular growth tailwinds as the penetration of online gambling continues to increase. A recent sell-off in the share price provided the opportunity to buy shares in a company led by a management team that is renowned for top-notch execution and capital allocation."

Flutter Entertainment plc (NYSE:FLUT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 98 hedge fund portfolios held Flutter Entertainment plc (NYSE:FLUT) at the end of the fourth quarter which was 69 in the previous quarter. While we acknowledge the potential of Flutter Entertainment plc (NYSE:FLUT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

Story Continues

We covered Flutter Entertainment plc (NYSE:FLUT) in another article, where we shared the list of best casino stocks to buy according to billionaires. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.

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