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.
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).
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: Second Calendar Quarter 2024
June 30, 2024
This quarter, a Netherlands-based global consumer internet group contributed to performance, while a U.S.-based manufacturer was a detractor.
Oakmark International Small Cap Fund: Second Calendar Quarter 2024
June 30, 2024
A Norwegian-based hardware and software reseller was a top contributor this quarter, while a German application software company was a detractor.
Oakmark International Fund: First Calendar Quarter 2024
March 31, 2024
A German bus and truck manufacturer was a top contributor during the quarter, while a German pharmaceutical company was a top detractor.