Life Without Apple Is Still Peachy for Some Fund Managers

Company profile: TE, with a market value of $15 billion, is an international manufacturer of connectors and electrical components. It posted sales of $14 billion in 2011. It's Oakmark Select's second-biggest holding at 6% of the portfolio.

Dividend Yield: 2%

Investor takeaway: Its shares are up 17.4% this year and have a three-year, average annual return of 30%. Analysts give its shares seven "buy" ratings, four "buy/holds," and four "holds," according to a survey of analysts by S&P. Analysts estimate it will earn $3.01 per share this year. S&P has it rated "hold" on valuation concerns.

1. Comcast(CMCSA)

Company profile: Comcast, with a market value of $81 billion, merged with NBC Universal last year, resulting in a media and entertainment conglomerate that has diversified interests in cable, broadcasting, film and theme parks. It's BBH Core Select's second-biggest holding at 4.9% of the fund. It makes up 5% of Oakmark Select fund.

Dividend Yield: 2.19%

Investor takeaway: Its shares are up 26% this year and have a three-year, average annual return of 30%. Analysts give its shares 16 "buy" ratings, eight "buy/holds," and seven "holds," according to a survey of analysts by S&P.

S&P has it rated "buy," and says "we see ample financial flexibility for continued strong return of capital to shareholders through share buybacks and dividends."