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: 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...

Oakmark Equity and Income Fund: Third Quarter 2022 and Fiscal Year-End

September 30, 2022

We do not know when the market environment will become more rewarding, but we know that over time price and value come together often enough to generate successful investing outcomes.

Oakmark Fund: Second Quarter 2022

June 30, 2022

The current environment has provided us with the opportunity to add several new positions to the Fund and rebalance toward companies with higher risk-adjusted returns, largely by eliminating holdings that have withstood the downturn...

News + Insights

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...

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...

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.