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

Robert Bierig portrait

Robert F. Bierig

Partner and Portfolio Manager

Robert Bierig has been a manager of the Oakmark Fund and the Oakmark Select Fund since 2022. He is also a portfolio manager and U.S. investment analyst at Harris Associates as well as a vice president of the Oakmark Funds.

He joined Harris Associates in 2012 after serving as managing principal at Amethyst Capital, managing director at GEICO Investments, investor at Frist Capital, investment analyst at ESL Investments and investment banking analyst at Morgan Stanley.

Mr. Bierig earned a B.A. in economics from Duke University (2000).

Funds under management

Commentary

Oakmark Fund: Second Calendar Quarter 2024

June 30, 2024

Amid the unusually wide spread between high P/E and low P/E stocks that exists today, we are finding attractive investment opportunities across a diverse group of industries.

Oakmark Select Fund: Second Calendar Quarter 2024

June 30, 2024

While the outperformance of growth stocks weighed on our relative returns in the second quarter, it has also created opportunities to purchase shares in a diversified set of undervalued securities.

Oakmark Fund: First Calendar Quarter 2024

March 31, 2024

Amid the outperformance of growth stocks to start the year, we are finding attractive opportunities that meet our value investment criteria, which led to us initiating three new holdings during the quarter. ...

News + Insights

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News

Bill Nygren and Robert Bierig on the “Millennial Investing” Podcast (10.24.23)

October 24, 2023

Portfolio Managers Bill Nygren and Robert Bierig talk about the firm’s investment philosophy and process and how that has led to value opportunities, especially...

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Insights

Staying the Course: Value Investing in an Evolving World

June 24, 2023

Portfolio Managers Alex Fitch and Robert Bierig share why the market’s desire for low risk stocks has created an exploitable opportunity for mispriced companies.

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.