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.
Bill Nygren on CNBC’s “Squawk on the Street” (09.02.20)
The Quarterly Recap
July 8, 2020
We expect both the economy and value investing to recover and believe that our portfolios are considerably undervalued and well positioned for both recoveries.
The heightened market volatility has afforded us the opportunity to upgrade the portfolio by rebalancing existing positions and adding new ideas that offer compelling risk-adjusted return potential.
The world’s efforts to curb the spread of the coronavirus began to have an impact and the significant U.S. fiscal stimulus, announced in late March, provided much-needed support to consumers, businesses, and the credit...
Although these are unusual times, Oakmark is still practicing the same value philosophy it always has. Our analysts are paying especially close attention to balance sheets along with companies’ cash needs over the next...
As always, our investment process attempts to identify issues selling for less than our estimate of their intrinsic value and to hold such issues until price and value come together. Although no one can...
The top contributor to the Fund’s performance was a multinational conglomerate, while the largest detractor was a dominant retail bank in the U.K.
Insights and Commentary by Bill Nygren
Insights and Commentary by David Herro
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