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


For more than 40 years, Harris Associates has developed a strong reputation as a long-term, shareholder-oriented investment firm. This approach is a byproduct of our value investment philosophy that requires every investment to meet the following criteria: 1) they are companies that we believe are priced at significant discounts to our estimate of the company’s intrinsic value, 2) that have a path to grow per share value and 3) are run by managers who think and act as owners.

We view each stock purchase as if we are buying a piece of the business and, in turn, believe that discussing relevant issues that may affect the company’s long-term performance is part of our due diligence process. We utilize engagement as a way to act in shareholders’ (i.e., our clients’) best interests to maximize the expected value of our investments.

The engagement process begins before investment and carries on throughout the investment process. By the time we decide to invest in a company, we have already concluded that management and the board of directors are likely to act in shareholders’ best interests. Occasionally, we have important disagreements about the best way to maximize shareholder value. When management does not meet our expectations, we initiate a private, direct conversation. We prefer this interaction over public shareholder resolutions. Engagement is carried out under the premise that unsatisfactory or insufficient change by the company will generally be met with divestment.

Engagement Policy

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Meet your team

Our greatest value to you as a company is found in the people who deliver our services. Whether they are involved in security analysis, allocation or meeting your account’s needs, each is dedicated to ensuring our relationship delivers the expertise you seek.