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: Fourth Quarter 2020

December 31, 2020

A large contributor to the Fund’s performance was a U.K.-based retail bank, while a large detractor was a China-based internet and direct marketing retailer.

Oakmark International Small Cap Fund: Fourth Quarter 2020

December 31, 2020

A large contributor to the Fund’s performance was a Canadian software and services technology firm, while a large detractor was a German software and services technology company.

Oakmark International Fund: Third Quarter 2020

September 30, 2020

A global luxury automotive and truck manufacturer based in Germany was the largest contributor to the Fund’s quarterly performance while the U.K.-based producer of engines for the aerospace, defense and power markets was the...

News + Insights

News

Oakmark International Small Cap Fund 25th Anniversary Retrospective

November 17, 2020

In honor of Oakmark International Small Cap’s 25th anniversary, Portfolio Manager Michael Manelli reflects on the Fund’s history.

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.