News
Mike Nicolas on CNBC’s “Squawk on the Street” (07.20.23)
July 20, 2023
Portfolio Manager Mike Nicolas talked about recent portfolio activity during a CNBC “Squawk on the Street” interview.

Partner and Portfolio Manager
Michael Nicolas has been a manager of the Oakmark Fund since 2020 and a manager of the Oakmark Equity and Income Fund since 2022. 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 20, 2023
Portfolio Manager Mike Nicolas talked about recent portfolio activity during a CNBC “Squawk on the Street” interview.
News
June 30, 2023
Portfolio Managers Clyde McGregor and Mike Nicolas discuss the firm’s investment philosophy and process, how they define value, and where they find opportunity today...
News
February 15, 2023
Portfolio Manager Mike Nicolas talked about the financials and communication services sectors during an interview on CNBC’s “Squawk on the Street.”
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: Second Calendar Quarter 2023
June 30, 2023
We initiated five new holdings and eliminated five others. Most of the eliminations were in companies that we invested in or added to last year when faster growing stocks sold-off sharply. However, trends reversed...
Oakmark Equity and Income Fund: Second Calendar Quarter 2023
June 30, 2023
We have managed the Equity and Income Fund in the same manner for its nearly 28-year existence. Our understanding of how to determine value continues to evolve, but our fundamental principles remain constant. We...
Oakmark Fund: First Calendar Quarter 2023
March 31, 2023
We initiated two new holdings and eliminated three others during the first quarter. We sold the positions as each approached our estimate of intrinsic value. We believe our recent purchases are more attractive on...