Partner and Portfolio Manager
John Sitarz has been a manager for the Oakmark Global Fund and the Oakmark Global Select Fund since 2022. He is also an investment analyst at Harris Associates and a vice president of the Oakmark Funds.
He joined Harris Associates in 2013. During his time at the firm, he has served as a research associate and assistant. Prior to that he was an audit senior assistant at Deloitte & Touche.
Mr. Sitarz earned B.S. degrees in accounting and business administration from the University of Denver (2012).
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 during the next election cycle. As long-term investors, we don’t think it matters.
Commentary
Oakmark Global Fund: Second Calendar Quarter 2023
June 30, 2023
During the quarter, we initiated new positions in three companies and eliminated our positions in four companies.
Oakmark Global Select Fund: Second Calendar Quarter 2023
June 30, 2023
A top contributor to the Fund’s performance was a global communications services provided based in the U.S., while a Chinese multinational technology company was a top detractor.
Oakmark Global Fund: First Calendar Quarter 2023
March 31, 2023
Given the volatility in the quarter, we were more active than usual adding six new names and selling seven.