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.
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.
Bill Nygren Market Commentary | 4Q22
December 31, 2022
This quarter’s commentary includes an excerpted version of my interview with The Motley Fool.
Oakmark Fund: Fourth Quarter 2022
December 31, 2022
We initiated two new holdings and eliminated two others in the fourth quarter. We believe that these new investments are more attractive positions on a risk-adjusted basis for the Fund.
Oakmark Select Fund: Fourth Quarter 2022
December 31, 2022
We believe that the lower and more widely dispersed valuations in the market today have allowed us to redeploy capital into increasingly attractive investments. We are optimistic that these decisions will sow the seeds...
Oakmark Global Fund: Fourth Quarter 2022
December 31, 2022
There were two great lessons in the difficulty of predictions this year. First, professional market forecasters nailed their call on aggregate company fundamentals, but failed miserably at guessing the resulting stock prices. The second...
Oakmark Global Select Fund: Fourth Quarter 2022
December 31, 2022
A top contributor to the Fund’s performance was the largest operator of for-profit hospitals and related health care services in the U.S., while a top detractor was a U.S.-based global leader in e-commerce and...
Oakmark International Fund: Fourth Quarter 2022
December 31, 2022
A top contributor for the quarter was an Italian retail and commercial bank, while a top detractor was a Swiss financial services company.
Oakmark International Small Cap Fund: Fourth Quarter 2022
December 31, 2022
A Finnish engineering firm that specializes in overhead lifting equipment was a top contributor, while an investment company based in Indonesia that owns and operates telecommunication towers for wireless operators was a top detractor.
Oakmark Equity and Income Fund: Fourth Quarter 2022
December 31, 2022
Keep in mind that balanced funds’ historically lower volatility has enabled many investors to weather market turbulence while still realizing attractive returns. With the recent changes in the fixed income environment, we believe that...
Oakmark Bond Fund: Fourth Quarter 2022
December 31, 2022
This year will be remembered for being possibly one of the most challenging years for fixed income markets in terms of returns and sheer unpredictability. What’s certain is that bear markets eventually come to...
Bill Nygren Market Commentary | Third Quarter 2022 and Fiscal Year-End
September 30, 2022
We’ve already experienced the duration and magnitude of the average bear market. Obviously, that’s no guarantee it won’t continue. But remember that equities have historically been the best-performing asset class despite the occasional painful...
David Herro Market Commentary | Third Quarter 2022 and Fiscal Year-End
September 30, 2022
Our core belief is that equities become LESS risky as they become more attractively priced. And when asset prices rise materially faster than value, they become even MORE risky. As such, despite and because...
Oakmark Fund: Third Quarter 2022 and Fiscal Year-End
September 30, 2022
At Oakmark, our job is to take advantage of dislocations between a company’s share price and our estimate of its long-term business value. Market drawdowns and heightened volatility enhance our ability to uncover what...
Featured
CIO PERSPECTIVES
Insights and Commentary
Bill Nygren, CIO- U.S.
CIO PERSPECTIVES
Insights and Commentary
David Herro, CIO-International