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.

Harris Associates

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
312-646-3600

David Herro- Portfolio Manager- Headshot

David G. Herro, CFA

Partner and CIO-International Equity

David Herro has been a manager of the Oakmark International Fund since 1992, the Oakmark International Small Cap Fund since 1995, the Oakmark Global Select Fund since 2006 and the Oakmark Global Fund since 2016. He is also the chief investment officer for international equities at Harris Associates, which he joined in 1992, and a vice president of the Oakmark Funds.

His career honors include being named Morningstar’s International Stock Fund Manager of the Year in 2006, International Stock Fund Manager of the Decade for 2000-09 and International Stock Fund Manager of the Year in 2016.

Mr. Herro has an M.A. in economics from the University of Wisconsin-Milwaukee (1985) and a B.S. in business/economics from the University of Wisconsin-Platteville (1983).

Commentary

Oakmark Global Fund: Second Quarter 2020

July 8, 2020

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...

Oakmark Global Select Fund: Second Quarter 2020

July 8, 2020

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.

Oakmark International Fund: Second Quarter 2020

July 8, 2020

The Fund’s top contributor this quarter was one of the world’s largest mining firms and commodities traders with headquarters in Switzerland, while the largest detractor was a leading producer of engines for the aerospace...

News + Insights

David Herro on CNBC

News

David Herro on CNBC’s “Squawk on the Street” (08.12.20)

August 12, 2020

Portfolio Manager David Herro appeared on CNBC’s “Squawk on the Street” to share where he is finding value today, including in the European financials...

David Herro- Portfolio Manager- Headshot

Insights

Oakmark International and Oakmark International Small Cap Fund Second-Quarter 2020 Market Insights

July 13, 2020

During a recent conference call, Portfolio Manager David Herro shared thoughts on the previous quarter and current market environment and participated in a Q&A....

David Herro- Portfolio Manager- Featured on Bloomberg Headshot

News

David Herro on Bloomberg (06.23.20)

June 23, 2020

Portfolio Manager David Herro discussed why he sees value in Europe on Bloomberg’s “The Open.”

We do value investing differently

At Oakmark, we don’t have an opinion about how equities will perform this year, if a recession will start or if the political parties will produce pro-growth candidates for 2020. As long-term investors, we don’t think it matters.