Value investing redefined

The Oakmark family of mutual funds is an extension of Harris Associates’ value-focused approach to investing. For more about our selection of funds, visit Oakmark.com.

The Oakmark Funds

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
1-800-OAKMARK (625-6275)

Go to Oakmark.com Close

There is a real disconnect between news flow on public companies and the value of the underlying businesses. The overwhelming majority of discussion is based on what may happen over the next year or so to create volatility in earnings, despite over 90% of intrinsic value depending on what happens after that. This provides opportunities for long-term, value-minded investors like us.

-Tony Coniaris, CFA, Partner, Co-Chairman

David G. Herro, CFA

Partner, Deputy Chairman, Portfolio Manager and Chief Investment Officer-International Equities

Portfolio Manager of the Oakmark International Fund, Oakmark International Small Cap Fund, Oakmark Global Fund and Oakmark Global Select Fund
Portfolio Manager of the International, International Small Cap, Global, Global All Cap, Global Concentrated and Japan Strategies
Vice President, Oakmark Funds
B.S., University of Wisconsin-Platteville, 1983
M.A., University of Wisconsin-Milwaukee, 1985
Portfolio Manager with The State of Wisconsin Investment Board, 1989-92; and The Principal Financial Group, 1986-89
Joined the industry in 1985
Joined Harris Associates in 1992

News + Insights

News

Harris | Oakmark Announces Portfolio Manager Retirement and Adds to International Equity Leadership

March 7, 2025

Mike Manelli, Partner and co-portfolio manager of the Oakmark International Fund and the Oakmark International Small Cap Fund, will retire at year-end 2025 –...

David Herro, CFA | Tony Coniaris, CFA | Michael Manelli, CFA

News

David Herro on CNBC’s “Squawk on the Street” (01.15.25)

January 15, 2025

CIO-International Equities and Portfolio Manager David Herro talked about why the growth rates of European companies are not based on where they’re located but...

David Herro, CFA

Insights

International equities: How companies are closing the value gap

January 13, 2025

CIO-International Equities and Portfolio Manager David Herro discusses how current stock valuations are remarkably low, what actions companies are taking to address the value...

David Herro, CFA

View All News + Insights

We do value investing differently

At Harris Associates, 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.

Understand Our Story