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)

Global Concentrated

Global Concentrated portfolios hold a focused selection of large-cap U.S. and international equities, with portfolios limited to approximately 20 securities.

Strategy’s Best Use:

Investors seeking exposure to a focused selection of large-cap U.S. and international stocks.

Portfolio Construction:

Our bottom-up portfolio construction leads to the selection of approximately 20 attractive large-cap companies from our approved list of U.S. and international stocks. The market capitalization focus is greater than $5 billion at the time of initial purchase. We do not strive for specific country, sector or industry exposure in the Global Concentrated strategy. Instead, these allocations are determined strictly by stock selection. Typically, portfolios have no more than 30 percent invested in any country (except U.S.), 30 percent in any industry and are subject to a 15 percent maximum position size at the time of initial purchase. 

Foreign currency exposure may be hedged defensively in the Global Concentrated strategy for any currencies that we believe are significantly overvalued. Investment in emerging market securities is permitted only in countries that meet our legal standards.

A Value Approach at Its Core:

Global Concentrated portfolios are composed of securities that we believe trade at a significant discount to our estimate of intrinsic value, have intrinsic values that grow with time and have shareholder-oriented management teams. 

Learn more about the investment philosophy and process that guide all strategies at Harris Associates here.

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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Global Concentrated Strategy

Global Concentrated Strategy - Major global markets continued to experience pressure and volatility in the third quarter as investors...

Growth of a $10,000 Investment

From 03/31/2007 to 09/30/2022

Performance Returns

  • Returns % as of 10/31/2022
  • Returns % as of 09/30/2022
Composite Inception: 04/01/2007

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

Portfolio Characteristics

As of 09/30/2022

Median Market Cap

$53,479 M

Weighted Average Market Cap

$246,165 M

Current Price to Earnings Ratio

9.9

Projected Price to Earnings

9.6

Current Price to Book Ratio

1.4

Projected Price to Book

1.3

Current Price to Cash Flow

6.7

Projected Price to Cash Flow

5.0

Number of Securities

26

Portfolio Turnover

34%

Dividend Yield

2.16%

Beta vs. Benchmark

1.209

Standard Deviation

21.64%

Active Share

93.67%

Equity Sector Breakdowns

As of 09/30/2022

Top 10 Equities and Equivalents

As of 09/30/2022

Total % in Top 10 Holdings 50.9%

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.

Country Allocations

As of 09/30/2022

Emerging Markets consists of: South Korea.