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.
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).
News
July 23, 2025
Portfolio Manager Mike Nicolas joined CNBC's “Squawk on the Street” to discuss the outlook for U.S. markets and where he is finding value today.
Insights
May 31, 2025
Harris | Oakmark portfolio managers Bill Nygren and Mike Nicolas discuss today’s market environment, and what they look for in a good investment idea...
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 Fund: Third Calendar Quarter 2025
September 30, 2025
At the sector level, the largest contributors to performance were financials and energy, while health care and consumer staples were the largest detractors.
Oakmark Equity and Income Fund: Third Calendar Quarter 2025
September 30, 2025
At the sector level for the equity portfolio, the largest contributors to performance were communication services and energy, while consumer staples and health care were the largest detractors.
Oakmark Fund: Second Calendar Quarter 2025
June 30, 2025
Market volatility early in the quarter provided an opportunity to reposition the portfolio. A bank holding was the top contributor this quarter, while a financial technology holding was the top detractor.