The Oakmark Funds are advised by Harris Associates L.P. an autonomous subsidiary of Natixis Investment Managers, L.P.
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Bill Nygren on Bloomberg (05.03.21)
The Quarterly Recap
March 31, 2021
While most investors over the past year worried about how bad 2020 might be, we focused on how good things could be in 2025. As is often the case during a crisis, we had...
The economic recovery that began late last year carried into the first quarter, benefitting many of our cyclical holdings. Both interest rates and oil prices increased meaningfully during the recent quarter, helping many of...
Clients regularly ask us, “How do you incorporate macroeconomic factors and forecast into your investment process?” Our answer is always, “We don’t. We just assume things will be normal five years from now.” By...
During the quarter, we introduced five names to the portfolio and eliminated two. But this understates the actual activity level. We also pruned back 21 holdings as their prices increased.
A German automotive manufacturer was a top contributor to the Fund’s quarterly performance while a financial services company headquartered in Switzerland was a top detractor.
A Swiss mining firm was a top contributor to the Fund’s quarterly performance while a financial services company headquartered in Switzerland was a top detractor.
Insights and Commentary by Bill Nygren
Insights and Commentary by David Herro
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