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.
111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
Since 1976, Harris Associates has provided tailored investment solutions for wealthy individuals and families.
David Herro on CNBC’s “Closing Bell” (05.13.20)
The Quarterly Recap
March 31, 2020
Extreme market volatility gave us opportunities to attempt to increase the fundamental attractiveness of our portfolio. We were able to buy stocks in companies we believed offered greater undervaluation, higher quality or stronger balance...
Since the beginning of this volatile market situation, we have been busy focusing on three things: staying up to date on business values, keeping the portfolio “forward” positioned and seeking new investment opportunities.
Significant market volatility pushed share prices well below our estimates of intrinsic value and, therefore, we believe our portfolio is more discounted today than it was before the downturn. This has given us the...
As you would expect during a period of rapidly changing prices and an evolving fundamental landscape, our trading has been much more active than usual. We took advantage of the extreme market volatility by...
Market turmoil has affected the Fund’s asset allocation, and we are working to realign the portfolio appropriately. Our most important advice to clients during this tumultuous time is to take the same action we...
We have no ability to predict the pandemic’s end, but we firmly believe that this, too, will pass and the turbulent market it is creating—and will continue to create—will generate compelling opportunities for long-term...
Insights and Commentary by Bill Nygren
Insights and Commentary by David Herro
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