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
Customized Wealth Management Services for Individuals, Families & Advisors
Since 1976, Harris Associates has provided tailored investment solutions for wealthy individuals and families.
Bill Nygren on CNBC’s “Closing Bell: Overtime” (09.14.22)
The Quarterly Recap
June 30, 2022
In this quarter’s commentary, I attempt to put this environment—bear markets, recessions and high inflation—into historical context and evaluate whether it warrants portfolio repositioning.
The current environment has provided us with the opportunity to add several new positions to the Fund and rebalance toward companies with higher risk-adjusted returns, largely by eliminating holdings that have withstood the downturn...
At Oakmark, we believe stock prices are far more volatile than business values. Consequently, when volatility increases, as it did in the second quarter, there is a good chance our trading activity will increase,...
Market prices are more volatile than intrinsic value, and it is our job to prey upon this volatility. We have been active in the Fund, reallocating from issues that have outperformed to new opportunities...
A top contributor to the Fund’s performance was a global internet and technology company based in the Netherlands, while a top detractor was a U.S.-based communication services provider.
A top contributor to the Fund’s performance was a global internet and technology company based in the Netherlands, while a top detractor was a Swiss financial services company.
Insights and Commentary by Bill Nygren
Insights and Commentary by David Herro
Sign up to receive more insights, research, news and more!