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

Michael A. Nicolas - portrait

Michael A. Nicolas, CFA

Partner and Portfolio Manager

Michael Nicolas has been a manager of the Oakmark Fund since 2020, the Oakmark Equity and Income Fund since 2022 and the Oakmark U.S. Large Cap ETF since 2024. He is also an investment analyst at Harris Associates and a vice president of the Oakmark Funds.

He started at Harris Associates in 2013 after serving as a managing director at Lakeview Investment Group. Prior to that, he was a senior analyst at Stratford Advisory Group.

Mr. Nicolas earned a B.B.A. from the University of Wisconsin-Madison (2002).

Funds under management

Commentary

Oakmark Fund: Third Calendar Quarter 2024

September 30, 2024

We continue to find attractive investment opportunities across a wide variety of sectors amid the unusually wide spread between high P/E and low P/E stocks that exists today.

Oakmark Equity and Income Fund: Third Calendar Quarter 2024

September 30, 2024

We continue to find attractive investment opportunities across sectors and asset classes that meet our value investment criteria.

Oakmark Fund: Second Calendar Quarter 2024

June 30, 2024

Amid the unusually wide spread between high P/E and low P/E stocks that exists today, we are finding attractive investment opportunities across a diverse group of industries.

News + Insights

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News

Mike Nicolas on growing per share value over time on “The JRo Show”

March 15, 2024

Portfolio Manager Mike Nicolas discusses why growing per share value over time is a key tenant that helps to avoid value traps during an...

Oakmark Equity and Income Institutional Class Ticker

News

Oakmark Equity and Income Fund wins 2024 LSEG Lipper Fund Award

March 14, 2024

The Oakmark Equity and Income Fund is honored to receive a 2024 LSEG Lipper Fund Award for best mixed-asset target allocation moderate fund over...

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News

Mike Nicolas on CNBC’s “Money Movers” (03.11.24)

March 11, 2024

Portfolio Manager Mike Nicolas discusses today’s opportunity set, makes a case for financials, and comments on value versus growth investing during a CNBC “Money...

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 during the next election cycle. As long-term investors, we don’t think it matters.