Salesforce (CRM): AI Integration Enhances Core Enterprise Software Platform Value
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Harris Oakmark recently released its third-quarter 2026 investor letter for the “Oakmark Fund”. The objective of the fund is to deliver capital appreciation by investing in a diverse set of large-cap US companies. The letter can be downloaded here. The Fund (Investor Class) outperformed the S&P 500 Index for the quarter, driven by strong gains in Information Technology and Health Care, which offset headwinds in Industrials and Materials. The fund returned 3.45% vs. 2.30% for the benchmark. While mega-cap concentration continues to drive broad market returns, it also creates compelling entry points across underappreciated, high-quality companies.By focusing on well-managed businesses selling at discounts to their intrinsic value, patient investors can benefit as the price-value gap narrows over time. In addition, you can check the Fund’s top five holdings to determine its best picks for 2026.
In its Q3 2026 investor letter, Oakmark Fund highlighted Salesforce, Inc. (NYSE:CRM) as a top contributor for the quarter. Salesforce, Inc. (NYSE:CRM) is a cloud computing company that offers Customer Relationship Management (CRM) technology that brings companies and customers together. On October 14, 2026, Salesforce, Inc. (NYSE:CRM) closed at $235.95 per share. Over the past month, Salesforce, Inc. (NYSE:CRM) returned 0.72%, and its shares are down 0.57% over the past year. Salesforce, Inc. has a market capitalization of $194.19 billion with a 52-week trading range between $146.32 and $ 269.11.
Oakmark Fund stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q3 2026 investor letter:
“Salesforce, Inc. (NYSE:CRM) was a contributor during the quarter. Shares of the U.S.-headquartered provider of customer relationship management and enterprise software rose after the company reported accelerating revenue growth and raised guidance. Results were supported by strong momentum in Agentforce, Data Cloud, and Slack, while management highlighted continued momentum in net new annual recurring revenue growth and historically low customer attrition. Investors also grew more confident that Salesforce’s AI capabilities can enhance the value of its software platform, easing concerns that advances in AI could diminish the importance of traditional enterprise software applications.”
Salesforce, Inc. (NYSE:CRM) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 99 hedge fund portfolios held Salesforce, Inc. (NYSE:CRM) at the end of the second quarter, which was 101 in the previous quarter. While we acknowledge the potential of Salesforce, Inc. (NYSE:CRM) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on thebest short-term AI stock.
