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 - portrait

Michael A. Nicolas, CFA

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).

Funds under management

Commentary

Oakmark Fund: Fourth Quarter 2022

December 31, 2022

We initiated two new holdings and eliminated two others in the fourth quarter. We believe that these new investments are more attractive positions on a risk-adjusted basis for the Fund.

Oakmark Equity and Income Fund: Fourth Quarter 2022

December 31, 2022

Keep in mind that balanced funds’ historically lower volatility has enabled many investors to weather market turbulence while still realizing attractive returns. With the recent changes in the fixed income environment, we believe that...

Oakmark Fund: Third Quarter 2022 and Fiscal Year-End

September 30, 2022

At Oakmark, our job is to take advantage of dislocations between a company’s share price and our estimate of its long-term business value. Market drawdowns and heightened volatility enhance our ability to uncover what...

News + Insights

Michael Nicolas on CNBC

News

Mike Nicolas on CNBC’s “Squawk on the Street” (02.15.23)

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.”

Michael Nicolas on CNBC

News

Mike Nicolas on CNBC’s “Squawk on the Street” (10.03.22)

October 3, 2022

Portfolio Manager Mike Nicolas appeared on CNBC’s “Squawk on the Street” to talk about current portfolio positioning.

Michael Nicolas on CNBC

News

Mike Nicolas on CNBC’s “Squawk on the Street” (06.08.22)

June 8, 2022

Portfolio Manager Mike Nicolas spoke about the firm's broader definition of value and long investment horizon, which has uncovered opportunities in many market environments...

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.