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.
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
We believe in delivering successful investment results for our clients and establishing long-term relationships with their representatives and consultants.
“No matter how brilliant your insight or attractive the risk-reward proposition of an active bet, benefits can be negated if behavioral biases go unchecked. By proactively addressing our biases, we aim to maximize the impact of our research insights and take full advantage of attractive risk-reward opportunities for our clients.”
—Lauren Digani, Manager, Institutional Client Service
Whether you are an institutional client or consult for one, you’ll find world-class options to fulfill your allocation needs. We have experience working directly with institutional clients, such as pension funds, foundations and endowments. We also understand how to work with consultants who represent them.
Regardless of the strategy or vehicle, expect a consistent application of our time-tested philosophy to our investment process.
We provide access to our investment professionals through regular communication regarding our performance, portfolio updates and thoughts on the best opportunities given the current investment environment.
More than a style of investing, generating value goes to the heart of everything we do for you. We believe our long-term relationships are a testament to our high level of customer service.
With a consistent, firm-wide investment philosophy and process, we build each separate account portfolio one stock at a time. Because the needs of each client are different and the markets constantly change, the separate account relationship is a dynamic one.
Related News, Insights, and Commentary
News
Bill Nygren, Oakmark Portfolio Manager and CIO – U.S., joined CNBC "Squawk on the Street" to discuss his views on value opportunities in today’s...
Commentary
Concentrated Strategy - U.S. equities finished higher during the third quarter, with 10 of 11 GICS sectors posting positive returns. The financials and industrials...
Insights
We are now fifteen months along since the market hit its pandemic low on March 23rd of last year. In that time U.S. stocks...
News
Portfolio Manager David Herro discusses investing in Japan and why, despite current market conditions, investors should be cautious during a CNBC “Closing Bell: Overtime”...
Insights
Portfolio Managers Justin Hance and Eric Liu share why the weekly research team meeting helps to fully vet new investment ideas. The discussion of...
News
CIO-U.S. and Portfolio Manager Bill Nygren joined CNBC’s “Money Movers” to discuss portfolio activity over the most recent quarter.
News
Portfolio Manager David Herro shares why one looks outside the U.S., particularly Europe, they’re able to find high-quality, well-managed businesses that trade at almost...
Insights
If you’ve ever gone on a long car ride for vacation or out-of-town wedding, and then returned home, perhaps you’ve felt that the return...
Insights
We continue to focus on the fundamentals of the companies in which we are invested. Over time, sticking to a consistent investment approach has...
News
Portfolio Manager David Herro discusses finding value in European equities and what makes an investment successful during a CNBC “Money Movers” interview.
News
CIO-U.S. and Portfolio Manager Bill Nygren discussed the wide spread between stocks with high and low P/E ratios and highlighted five companies that provide...
News
Eric Liu, co-portfolio manager of the Oakmark International and Oakmark Global Select Funds and a senior investment analyst at Harris Associates L.P., adviser to...
News
David Herro, Harris Associates CIO-International and Portfolio Manager, discusses the case for non-US stocks and where he's finding opportunities today during Morningstar's “The Long...
Diversity, Equity & Inclusion
Harris Associates’ Diversity, Equity and Inclusion Council hosted the firm-wide event, “How to Be a Better Ally in the Workplace,” to amplify the importance...
News
Bill Nygren, Oakmark Portfolio Manager and CIO – U.S., joined CNBC "Squawk on the Street" to discuss 2Q earnings results and where he is...
News
Portfolio Manager Mike Nicolas discusses today’s opportunity set, makes a case for financials, and comments on value versus growth investing during a CNBC “Money...
Insights
There is no doubt that the last two years have left all of us with some wounds. It’s unsettling that Covid is as prevalent...
Insights
Institutional Client Service Manager Lauren Digani discusses why millennial investors may be best positioned to benefit from value exposure in their portfolios.
Insights
With the market at an all-time high, we still see opportunities. Amidst potential political uncertainty, we remain focused on long-term results.
Insights
The silver lining on the types of markets we experienced over the past year is that they provide plenty of good investment opportunities for...
Insights
Portfolio Manager Eric Liu discusses how Harris Associates measures risk in Chinese equity markets.
Insights
Portfolio Manager Bill Nygren writes about the importance of educational shareholder letters.
Insights
Oakmark Portfolio Manager Bill Nygren discusses why he and his team believe there’s increased risk in the S&P 500 today — and how they...
Insights
It is difficult to know where to begin on recapping this past year— it defies summation in many respects.
News
When there’s as much dispersion as there is in the market right now, it really provides a lot of opportunities for us to find...
News
Bill Nygren, Oakmark Portfolio Manager and CIO – U.S., joined CNBC "Squawk on the Street" to discuss where he’s seeing opportunity in the current...
Insights
With four billion people heading to the polls in 2024, elections are top of mind for investors; David Herro, CIO-International and Portfolio manager discusses...
News
Head of Fixed Income and Portfolio Manager Adam Abbas talked about the firm’s value investing approach to fixed income, key drivers for security selection...
News
Portfolio Manager Adam Abbas discusses the leveraged finance market landscape during a podcast interview on Reorg Radio.
Insights
International investment analyst Alex Frey shares how the firm’s checklist mentality fuels its time-tested research process.
News
Portfolio Manager Adam Abbas appeared on Reuters TV to discuss the latest inflation readings and the impact they could have on the fixed income...
Insights
Adam Abbas, Portfolio Manager and Head of Fixed Income at Oakmark, explains why above–average rate volatility and bond supply are potential opportunities for future...
News
Portfolio Manager Bill Nygren talked about why he finds attractive opportunities in the energy and financials sectors during a CNBC “Closing Bell: Overtime” interview.
Insights
Coming off a positive year for equities, this year continued apace for the first few weeks. The S&P 500 was up about 3% for...
News
Portfolio Manager Tony Coniaris discusses why he sees value in a health care business and energy company during an interview on CNBC’s “Closing Bell:...
Insights
David Herro and Michael Manelli discuss potential catalysts for international stocks in the coming months and opportunities in the small cap value space.
Insights
Where can value investors find unique opportunities in today’s fixed income environment, which is marked by uncertainty, rising rates and concerns over short-term market...
Insights
It remains our job, at Harris Associates, to see through these impending headlines (aye, not ignore), understand the impact to cash flows, and evaluate...
News
David Herro, Harris Associates CIO-International and Portfolio Manager, discusses global markets and more during a CNBC "Squawk on the Street" interview.
News
Portfolio Manager Alex Fitch discusses new portfolio additions to highlight opportunities in today’s market during a CNBC “Money Movers” interview.
Diversity, Equity & Inclusion
Harris Associates’ Diversity, Equity & Inclusion (DEI) Council hosted Steve Rogers, entrepreneur, professor and trustee of the Oakmark Funds, as a guest speaker as...
News
Portfolio Manager Mike Nicolas discusses why growing per share value over time is a key tenant that helps to avoid value traps during an...
News
Portfolio Manager Alex Fitch shares the importance of mid-cycle earnings when valuing a business during an interview on “The JRo Show.”
News
Portfolio Manager Adam Abbas discusses the current landscape for the fixed income market and shares why bonds can be an important diversifier in a...
Insights
The Federal Reserve is finally catching its breath in the fight against inflation. We think the Fed’s decision will be positive for credit across...
News
Portfolio Manager Bill Nygren discusses how using a sum-of-the-parts analysis led to a long-term investment in a communication services company during an interview with...
News
CIO-U.S. and Portfolio Manager Bill Nygren discussed where he sees value opportunities in a market dominated by mega-cap technology companies during a “Barron’s Roundtable”...
News
Portfolio Managers Tony Coniaris and John Sitarz do a deep dive on the cable industry and share why they see value in a communication...
Commentary
Global Strategy - Global equities finished higher during the third quarter, with 10 of 11 GICS sectors posting positive returns. The financials and industrials...
Insights
Bill Nygren, CIO-US and Portfolio Manager, debunks three value investing myths and shares his views on opportunities in the category given today’s markets and...
News
CIO-U.S. and PM Bill Nygren talked about the importance of a diversified portfolio on CNBC’s “Squawk on the Street.”
News
Portfolio Managers Alex Fitch and Mike Nicolas discuss how the firm defines value investing, its idea generation and research process, and how to estimate...
Insights
Every market decline has its own unique precipitating causes. The past has shown the best way to compound long-term wealth involves riding out the...
Commentary
Japan Strategy - Japanese equity markets finished lower quarter-over-quarter after the Bank of Japan raised interest rates and signaled further increases to come....
Insights
Our belief is that our research process, concentrated portfolios and long-term focus are what best position our portfolios for long-term success.
Insights
Despite challenges the past two years, international markets show promise, especially for stock pickers. Is the U.S. stronghold about to shift?
Diversity, Equity & Inclusion
The Harris Women’s Network (HWN) held a quarterly roundtable on May 4, 2023, to discuss women’s approach to the job search.
News
Portfolio Manager Bill Nygren appeared on CNBC’s “Squawk on the Street” to discuss the current value environment, the Magnificent Seven and why he sees...
Diversity, Equity & Inclusion
Harris Associates partners with Genesys Works, connecting high school students with valuable internship opportunities.
News
CIO-U.S. and Portfolio Manager Bill Nygren discusses the firm’s private equity perspective to public equity investing, investment philosophy, risk management process and more during...
News
The Oakmark Equity and Income Fund is honored to receive a 2024 LSEG Lipper Fund Award for best mixed-asset target allocation moderate fund over...
News
Portfolio Manager Tony Coniaris joins CNBC’s ‘Money Movers’ to discuss Q1 earnings reports, top picks and more.
News
CIO-U.S. and Portfolio Manager Bill Nygren discussed Harris | Oakmark’s value investment philosophy and research process and how to find opportunities in non-traditional value...
News
Chairman and Portfolio Manager Tony Coniaris talked about what falling interest rates mean for financial holdings during a CNBC “Money Movers” interview.
Insights
The ability to see through the trees is always necessary as an investor. Whether that be the headlines about supply chain, inflation, interest rate...
Insights
Portfolio Manager Bill Nygren writes about the parallels found in being a successful winemaker and investor.
News
Portfolio Manager Bill Nygren discussed why the unusually large spread in P/E multiples has created opportunities for value investors during a CNBC “Squawk on...
Insights
The headlines moving markets from the second quarter persisted into the third: inflation, supply chain disruptions, debt ceiling debates, etc. While those headlines are...
News
Oakmark CIO – International Equities and Portfolio Manager David Herro discusses the European Central Bank rate cuts, his stock picks, and more during a...
News
CIO-International Equities and PM David Herro joined CNBC’s “Squawk on the Street” to talk about opportunities in the health care and consumer discretionary sectors....
News
Oakmark CIO – U.S., and Portfolio Manager Bill Nygren joined CNBC “Money Movers” to discuss the recent outperformance of the financial sector.
Insights
Director of Responsible Investing Chris Knowland discusses how the firm has always considered ESG factors in its value-oriented investment process.
Insights
Oakmark Portfolio Managers David Herro and Eric Liu discuss how macro and geopolitical events may impact international stocks in the short term and why...
Insights
“If you don't like the weather in New England now, just wait a few minutes.” – Mark Twain
Commentary
Global All Cap Strategy - Global equities finished higher during the third quarter, with 10 of 11 GICS sectors posting positive returns. The financials...
Diversity, Equity & Inclusion
In 2024, Harris | Oakmark continued its ongoing partnership with Sport Dans La Ville.
Insights
What happens when a cheap stock happens to have good growth? Portfolio Manager Bill Nygren shares why buying great businesses at average prices if...
Insights
What do investors and athletes have in common when making decisions under pressure? A framework that will help them stick to the “game plan”...
Insights
The market has justified concerns and that is why we have seen the performance of the stock market we have seen thus far in...
News
Portfolio Manager Alex Fitch shares why he sees opportunity in a financials company due to its competitive moat during a CNBC “Fast Money” interview....
Diversity, Equity & Inclusion
The Harris Women's Network (HWN) hosted an industry plus-one event on March 8th, 2024, Planting the Seeds of Inclusion.
Insights
Client Portfolio Manager Danny Nicholas shares why we largely exclude politics when making long-term forecasts.
Commentary
U.S. Equity Strategy - U.S. equities finished higher during the third quarter, with 10 of 11 GICS sectors posting positive returns. The financials and...
Insights
The first six months of this year brought on the worst global health crisis in more than a century. The result has been a...
Insights
Portfolio Manager Eric Liu discusses Harris | Oakmark’s long-term outlook and how it’s used to identify opportunities in international equities.
Insights
Stock prices may fluctuate on whatever the news of the day is, while business values are likely to be much more stable, which gives...
Insights
Twelve months ago, we were at the onset of a global pandemic, the likes of which only those in the centenarian-plus club have remotely...
News
“Value investing isn’t just buying the cheapest P/E and cheapest price-to-book stocks. We think buying great businesses at average prices is just as much...
Insights
Portfolio Manager Bill Nygren discusses the concentrated investment approach for the Oakmark and Oakmark Select Funds and why he and his co-portfolio managers are...
Insights
Why are international equities poised for value opportunities today? Portfolio Manager David Herro discusses reasons why, including price dispersions between value and growth stocks,...
Commentary
Global Concentrated Strategy - Global equities finished higher during the third quarter, with 10 of 11 GICS sectors posting positive returns. The financials and...
News
Rana Wright, Partner, Chief Legal and Administrative Officer at Harris | Oakmark discusses our firm's recent rebrand with Wealth Solutions Report.
Commentary
International Small Cap Strategy - International equities finished higher during the third quarter, with 9 of 11 GICS sectors posting positive returns. The financials...
Commentary
International Equity Strategy - International equities finished higher during the third quarter, with 9 of 11 GICS sectors posting positive returns. The financials and...
Insights
Three quarters of the way through the seeming “decade” that is 2020, unpredictability seems to be a persistent attribute. Whether it be market performance,...
Insights
Director of U.S. Research Alex Fitch writes about why the role of the ESG-conscious investor should be to balance trade-offs and make decisions that...
Insights
In this two-tiered market, there’s ample opportunity to put together what we believe is an inexpensive portfolio. We continue to find companies with compelling...
Insights
The new year has gotten off to a strong start. The S&P 500 Index, the index frequently used to gauge the health of the...
