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 - Portfolio Manager - Headshot

Michael A. Nicolas, CFA

Portfolio Manager

Michael Nicolas has been a co-manager of the Oakmark Fund since 2020. 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 Quarter 2020

September 30, 2020

Our disciplined investment process and long-term focus enable us to capitalize on dislocations between stock price and business value without having to speculate about short-term catalysts or to manage to a specific benchmark.

Oakmark Fund: Second Quarter 2020

July 8, 2020

The heightened market volatility has afforded us the opportunity to upgrade the portfolio by rebalancing existing positions and adding new ideas that offer compelling risk-adjusted return potential.

Oakmark Fund: First Quarter 2020

March 31, 2020

Significant market volatility pushed share prices well below our estimates of intrinsic value and, therefore, we believe our portfolio is more discounted today than it was before the downturn. This has given us the...

News + Insights

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News

Bill Nygren and Michael Nicolas on “The Investor’s Podcast”

April 17, 2020

Portfolio Managers Bill Nygren and Michael Nicolas appeared on “The Investor’s Podcast” to talk about how to determine the intrinsic value of a business,...

Michael Nicolas in front of the window.

News

New Co-Portfolio Manager for the Oakmark Fund

January 28, 2020

Michael Nicolas, an investment analyst at Harris Associates L.P., adviser to the Oakmark Funds, has been appointed co-manager of the Oakmark Fund.

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.