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.
Our Philosophy
Insights
U.S. Investment Analyst Joe Pittman explains why Harris’ commitment to continuous learning is foundational to successful investing in a dynamic world.
Joseph P. Pittman, CFA
U.S. Investment Analyst
February 18, 2021
Our Commentary
Commentary
As value investors, we are used to believing that the world will return to “normal” faster than is implied by stock prices. That is...
Commentary
Very similar to the year 2016, this past year was filled with extremes driven by exogenous factors, from the pandemic to Brexit, with elections...
Commentary
Enthusiasm about the efficacy and timing of the Covid-19 vaccines benefitted many of our most economically sensitive, cyclical holdings during the quarter.
Commentary
Short-term returns can be uneven and good, as it was in the most recent quarter, or disappointing, as in the first quarter of this...
Commentary
We were fairly active in the quarter, adding two new holdings to the portfolio while eliminating three.
Commentary
A large contributor to the Fund’s performance was a U.K.-based retail bank, while a large detractor was a China-based internet and direct marketing retailer....
Commentary
A large contributor to the Fund’s performance was a U.K.-based retail bank, while a large detractor was a China-based internet and direct marketing retailer....
Commentary
A large contributor to the Fund’s performance was a Canadian software and services technology firm, while a large detractor was a German software and...
Commentary
We are patient investors, and time has taught us that if we do our analysis well, a meaningful percentage of our investments can close...
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