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 - 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: 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...

News + Insights

Michael Nicolas news image - CNBC

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.

Looking through the Glass lobby door at Harris Associates office. Company logo etched on the glass.

News

“Value Investor Insight” with Clyde McGregor and Mike Nicolas

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...

Michael Nicolas news image - 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.”

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 during the next election cycle. As long-term investors, we don’t think it matters.