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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Chicago, Illinois 60606
Since 1976, Harris Associates has provided tailored investment solutions for wealthy individuals and families.
Tony Coniaris on CNBC’s “Squawk on the Street” (09.07.21)
The Quarterly Recap
July 8, 2021
Governance is a back-burner issue for investors who trade their portfolios frequently. When you only hold a stock for a few months, it barely matters. But when your holding period is measured in years,...
Following an unusually elevated year of portfolio turnover (at least by Oakmark standards), we added just one new position to the portfolio during the second quarter. That’s not to say we weren’t active. We...
During the second quarter of 2021, the U.S. economy continued its reopening and, as a result, business fundamentals improved further. Not surprisingly, equity prices followed suit.
While academic thinking may change with the times, we base our investing on a factor that does not change—human nature. As long as human emotion works to cause mispricing of securities, we disciplined value...
A top contributor to the Fund’s performance was a U.S. communication services provider, while a top detractor was a Netherlands-based internet company.
A top contributor to the Fund’s performance was a media company headquartered in Mexico, while a top detractor was a South African-based holding company with leading internet and media assets.
Insights and Commentary by Bill Nygren
Insights and Commentary by David Herro
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