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

Harris Associates

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606

Mike Manelli portrait

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).


Oakmark International Fund: Fourth Calendar Quarter 2023

December 31, 2023

The top contributor to the Fund’s performance was a European ultra-low-cost airline, while a European merchant acquirer and payment processor was the top detractor.

Oakmark International Small Cap Fund: Fourth Calendar Quarter 2023

December 31, 2023

A top contributor to the Fund’s performance was an engineering company that specializes in lifting equipment and associated services, while a global mechanical and plant engineering firm for the automotive industry was a top...

Oakmark International Fund: Third Quarter 2023 and Fiscal Year-End

September 30, 2023

A German health care group was a top contributor for the quarter, while a French creator and operator of digital transaction processing platforms was a top detractor.

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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 during the next election cycle. As long-term investors, we don’t think it matters.