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.
Partner and Portfolio Manager
Mike Manelli has been a manager of the Oakmark International Small Cap Fund since 2011 and the Oakmark International Fund since 2016.
He is also 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).
News
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
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 –...
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.
Commentary
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.
Oakmark International Small Cap Fund: First Calendar Quarter 2025
March 31, 2025
The Fund benefitted from its overweight to European equities; a facilities management company was a top contributor while a building materials company was a top detractor.
Oakmark International Fund: Fourth Calendar Quarter 2024
December 31, 2024
Despite a challenging fourth quarter and 2024, we are enthused by the Fund’s mid- to long-term prospects given the quality of the businesses in the portfolio and low absolute valuation levels at which they...