Harding Loevner Global Equity Strategy’s Views on Oracle (ORCL)
Harding Loevner, an asset management company, released its “Global Equity Strategy” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned 2.62% gross (2.52% net) in the third quarter of 2025, compared to a 7.74% return for the MSCI All Country World Index and 7.36% gain for the MSCI World Index. YTD, the strategy rose 10.61% (net) compared to 18.86% and 17.83% for the indexes. The firm highlighted in the letter that the last six months represented one of the strongest momentum phases in over 70 years. Since the beginning of the year, high-momentum stocks have outperformed low-momentum stocks by a remarkable 45 percentage points, with much of the growth driven by advancements in AI. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its third-quarter 2025 investor letter, Harding Loevner Global Equity Strategy highlighted stocks such as Oracle Corporation (NYSE:ORCL). Oracle Corporation (NYSE:ORCL) offers products and services that address enterprise information technology environments. The one-month return of Oracle Corporation (NYSE:ORCL) was -10.42%, and its shares gained 11.81% of their value over the last 52 weeks. On December 04, 2025, Oracle Corporation (NYSE:ORCL) stock closed at $214.33 per share, with a market capitalization of $611.01 billion.
Harding Loevner Global Equity Strategy stated the following regarding Oracle Corporation (NYSE:ORCL) in its third quarter 2025 investor letter:
“Al, in our view, is a real secular change that is going to reshape Industries. But it also represents a broad source of uncertainty in today’s markets. Its impact could be incremental or profoundly disruptive, and that breadth of possibilities leaves historical company fundamentals as a less reliable guide to long-term future value. Markets have instead leaned on narratives, rewarding companies perceived as central to the buildout of Al and penalizing those that don’t fit the story. Oracle Corporation (NYSE:ORCL), a stock we don’t hold, and The Tradesk, one that we do, highlight the divergence.
