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.
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Since 1976, Harris Associates has provided tailored investment solutions for wealthy individuals and families.
An Update from the President
The Quarterly Recap
September 30, 2020
In the Oakmark Fund, we buy large businesses because we view them as less risky than small businesses. Rather than defining “large” based on market capitalization, we define it by business fundamentals: sales, net...
Our disciplined investment process and long-term focus enable us to capitalize on dislocations between stock price and business value without having to speculate about short-term catalysts or to manage to a specific benchmark.
During the quarter, we bought one new position in the Select Fund, which has been a longstanding holding in more diversified Oakmark portfolios. We were happy to take advantage of the pandemic-driven stock price...
We believe that balanced funds fill an important role for many investors and that a value-oriented fund, such as Equity and Income, has the potential to meet investor needs even in the current environment.
We were rather active in the quarter, culling several small holding and initiating one new name in the Oakmark Global Fund.
A global luxury automotive and truck manufacturer based in Germany was the largest contributor to the Fund’s quarterly performance while a German-based company with sizable businesses in pharmaceuticals, agricultural productivity and consumer health products...
Insights and Commentary by Bill Nygren
Insights and Commentary by David Herro
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