The Oakmark Funds are advised by Harris Associates L.P. an autonomous subsidiary of Natixis Investment Managers, L.P.
Learn more about the principles and philosophy behind our funds at HarrisAssoc.com.
Since 1976, Harris Associates has provided tailored investment solutions for wealthy individuals and families.
We are long-term value investors. We apply a consistent investment philosophy and a fundamentally driven research process to build and manage our Funds. We seek to identify companies that are priced at a substantial discount to what we consider to be their underlying business value – and then we patiently wait for the gap between price and value to narrow.
See Our Philosophy
Insights
Client Portfolio Manager Daniel Nicholas reflects on time-honored rituals at Oakmark that illustrate that what has made the Oakmark Fund successful since its founding...
Daniel A. Nicholas, CFA
Marketing/Client Relations
January 15, 2020
Our Commentary
Commentary
We believe our long-term returns have been higher because we have applied our value approach consistently as opposed to following current market trends. Based...
Commentary
Despite the recovery in 2019, I still believe our portfolios offer good value for three reasons.
Commentary
We were encouraged that investors rewarded several of our key holdings within the financials sector, our largest and top contributing sector during the fourth...
Commentary
Unlike one year ago when fear ruled the day, the fourth quarter of 2019 was a welcome return to a market where business fundamentals...
Commentary
We well know the danger of “value traps,” i.e., businesses priced cheaply because their business value is deteriorating over time. Long before Harris Associates...
Commentary
Many investors abhor volatility, but we believe that managing it is part of our job. Volatility goes in both directions, and given the unpredictability...
Commentary
The top contributor to the Fund’s performance was a U.K. retail bank, while the largest detractor was an insurance firm based in the U.S.
Commentary
The Fund’s top contributor this quarter was an ultra-low-cost air carrier headquartered in Ireland, while the largest detractor was an advertising and media services...
Commentary
The Fund’s top contributor this quarter was a German mechanical and plant engineering firm, while the largest detractor was an Australian company that operates...
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