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)

U.S. Concentrated

As a best-ideas strategy, U.S. Concentrated portfolios are structured to maximize the impact of our stock selection and are typically limited to 20 holdings.

Strategy’s Best Use:

Institutional investors and clients working through financial professionals to seek a more focused approach to U.S. equities.

Portfolio Construction:

A typical U.S. Concentrated portfolio holds approximately 20 names. These are typically stocks with market caps of $1 billion or more when they are purchased. There are no specific sector targets. Allocations are determined entirely through our stock selection process. However, exposure to a single industry typically doesn’t exceed 25 percent, and we generally restrict position size to 10 percent at the time of initial purchase.

A Value Approach at Its Core:

We follow the same strict, value-oriented approach to investing that we use with each of our strategies, seeking out substantially underpriced companies with strong business fundamentals and proven shareholder-oriented management teams.

What to Expect as a Client:

You can expect to receive the highest level of care from our experienced and responsive client services team regardless of the size of the portfolio you entrust with us.

Portfolio Managers

View Our Team

Contact Us to Learn More

For questions please contact us or call 312-646-3600.

Commentary

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Concentrated Strategy

Concentrated Strategy - U.S. stock market indexes finished higher for the quarter as gains in October and December offset...

Growth of a $10,000 Investment

From 12/31/1990 to 12/31/2021

Performance Returns

  • Returns % as of 12/31/2021
Composite Inception: 01/01/1991

Returns for periods of less than one year are not annualized.

Portfolio Characteristics

As of 12/31/2021

Median Market Cap

$70,567 M

Weighted Average Market Cap

$378,468 M

Current Price to Earnings Ratio

20.6

Projected Price to Earnings

17.6

Current Price to Book Ratio

3.3

Projected Price to Book

2.9

Current Price to Cash Flow

18.1

Projected Price to Cash Flow

15.2

Number of Securities

26

Portfolio Turnover

34%

Dividend Yield

0.72%

Beta vs. Benchmark

1.022

Standard Deviation

17.03%

Active Share

90.34%

Equity Sector Breakdowns

As of 12/31/2021

Top 10 Equities and Equivalents

As of 12/31/2021

Total % in Top 10 Holdings 52.7%

Total # of Holdings 26

Portfolio holdings are subject to change and are not intended as recommendations of individual stocks. Individual security weights may not add to the displayed total due to rounding.