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

Mike Manelli portrait

Michael L. Manelli, CFA

Partner and Sr. International Investment Analyst

Mike Manelli is a Partner and an investment analyst on the international research team at Harris Associates, which he joined in 2005 after working as a research associate/analyst at Morgan Stanley, and is a vice president of the Oakmark Funds.

Mr. Manelli received a B.B.A. degree in finance from the University of Iowa (2000).

Commentary

Oakmark International Fund: Second Calendar Quarter 2025

June 30, 2025

The Fund outperformed its benchmark this quarter. A bank holding was the top contributor, while a consumer discretionary holding was the top detractor.

Oakmark International Small Cap Fund: Second Calendar Quarter 2025

June 30, 2025

The Fund had a strong quarter; a bank holding was a top contributor, while a software company was a top detractor.

Oakmark International Fund: First Calendar Quarter 2025

March 31, 2025

The Fund outpaced its benchmark this quarter; a financial holding was a top contributor while a communications company was a top detractor.

News + Insights

Oakmark International Small Cap (OANEX) Lipper Award 2025 image

News

Oakmark International Small Cap Fund wins a 2025 LSEG Lipper Fund Award

March 14, 2025

The Oakmark International Small Cap Fund is honored to receive a 2025 LSEG Lipper Fund Award for best International Small/Mid-Cap Core Fund over five...

News

Harris | Oakmark Announces Portfolio Manager Retirement and Adds to International Equity Leadership

March 7, 2025

Mike Manelli, Partner and co-portfolio manager of the Oakmark International Fund and the Oakmark International Small Cap Fund, will retire at year-end 2025 –...

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.