OAKM Oakmark U.S. Large Cap ETF

Oakmark U.S. Large Cap ETF (OAKM) currently reports 40 stock positions (subject to change), placing it in the moderately diversified range by holdings breadth. The top line-up is C (4.12%), KDP (4.06%), DAL (3.82%), with C as the largest single weight at 4.12%. Together, the top three holdings account for 12.00%, which indicates that performance drivers are distributed more evenly across the broader basket. This architecture allows the fund to express a clear investment thesis at the top while relying on the broader basket to manage idiosyncratic volatility.

From a capital efficiency perspective, ROIC is 12.28%, WACC is 6.77%, and the economic spread is 5.51%. On balance, holdings marginally exceed their cost of capital, suggesting modest but present value creation. Supporting metrics show ROE at 18.70% and ROA at 5.78%, a combination that helps frame whether profitability strength is broad enough to hold through different market conditions. Taken together, the return profile suggests a portfolio that is value-creative but with less room for execution slippage.

Multiple analysis puts the portfolio at trailing P/E of 16.66, forward P/E of 12.33, PEG of 1.35. Trailing and forward multiples are nearly identical, indicating the market is pricing the portfolio on a relatively static earnings assumption. Growth-adjusted, the portfolio looks reasonably valued — the PEG ratio implies the market is not extrapolating the growth narrative aggressively. At 1.18, the aggregate current ratio reflects holdings with limited near-term liquidity buffer. The combined valuation and liquidity profile points to a portfolio where current prices embed meaningful growth expectations, and where delivery against those expectations will drive the return outcome.

On the margin front: gross margin sits at 51.43%, operating margin at 20.60%, and free cash flow margin at 20.98%. At this level, the portfolio reflects reasonable cost discipline and adequate pricing leverage at the production layer. Operating margins sit in a healthy range — not exceptional, but indicating reasonable operational efficiency. Strong free cash flow margins point to businesses with meaningful financial flexibility and limited dependence on external capital. The margin trifecta here — strong at gross, operating, and free cash flow levels — is a hallmark of competitively advantaged businesses.

The two main inputs to the near-term picture — TTM revenue growth of 11.01% reflecting consistent if unspectacular revenue expansion. Consensus EPS estimates point to 35.1% earnings growth over the next 12 months — a compelling near-term earnings catalyst that, if delivered, changes the valuation conversation materially. Analyst price targets suggest street expectations imply a constructive but measured return profile on a 12-month view. Revenue momentum establishes the baseline; analyst price targets reveal how much the market is already paying for future execution on top of that baseline. Delivered returns will ultimately be shaped by the gap — or lack thereof — between operating execution and the expectations embedded in current prices. The estimated 12-month price change is a weighted composite of analyst price target estimates adjusted by each holding's ETF weight, sourced from publicly available data, and should not be interpreted as a reliable prediction of future performance.

Across the metrics reviewed, the evidence is consistently constructive — quality, growth, and valuation are pulling in the same direction.

The views expressed above are derived from quantitative data only and should not be relied upon as financial advice. Investment decisions should be based on your own research and risk tolerance.