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- Portfolio Manager- Headshot

Michael L. Manelli, CFA

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).

Commentary

Oakmark International Fund: Second Quarter 2020

July 8, 2020

The Fund’s top contributor this quarter was one of the world’s largest mining firms and commodities traders with headquarters in Switzerland, while the largest detractor was a leading producer of engines for the aerospace...

Oakmark International Small Cap Fund: Second Quarter 2020

July 8, 2020

The Fund’s top contributor this quarter was a Finnish engineering company that specializes in the manufacture and service of overhead cranes and lifting equipment, while the largest detractor was a U.K. engineering firm that...

Oakmark International Fund: First Quarter 2020

March 31, 2020

The market volatility provided an opportunity to add two new holdings to the Fund this quarter: a global life and health insurance provider headquartered in the U.K. along with a company that is one...

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.