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 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: First Quarter 2022

March 31, 2022

We took advantage of the market’s volatility during the quarter by adding six new positions to the portfolio. We also eliminated three of our holdings as each of these successful investments approached our estimate...

Oakmark Fund: Fourth Quarter 2021

December 31, 2021

While the continued economic recovery is unlikely to be linear, our long-term time horizon and bottom-up investment process afford us the ability to look past the near-term macro volatility and focus on what each...

Oakmark Fund: Third Quarter 2021

September 30, 2021

As long-term investors, we don’t make investments with the expectation that our thesis will play out quickly. More important to our process is the price we’re paying compared to what we believe a business...

News + Insights

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...

Image of a microphone

News

Bill Nygren and Mike Nicolas on “Millennial Investing” Podcast

February 1, 2022

Portfolio Managers Bill Nygren and Mike Nicolas appeared on the “Millennial Investing” podcast to talk about the firm’s investment philosophy and how that lead...

Michael Nicolas on CNBC

News

Mike Nicolas on CNBC’s “Squawk on the Street” (12.16.21)

December 16, 2021

Portfolio Manager Mike Nicolas discussed why he is finding value in the financials and payments spaces on CNBC’s “Squawk on the Street.”

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.