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)

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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

Michael L. Manelli, CFA

Partner, Portfolio Manager and Sr. International Investment Analyst

Portfolio Manager of the Oakmark International Fund and the Oakmark International Small Cap Fund
Portfolio Manager of the International and International Small Cap Strategies
Vice President, Oakmark Funds
B.B.A., University of Iowa, 2000
Research Associate/Analyst at Morgan Stanley, 2001-05
Joined the industry in 2000
Joined Harris Associates in 2005

News + Insights

News

Oakmark International Small Cap Fund wins a 2025 LSEG Lipper Fund Award

March 14, 2025

The Oakmark International Small Cap Fund is honored to receive a 2025 LSEG Lipper Fund Award for best International Small/Mid-Cap Core Fund over five...

David Herro, CFA | Michael Manelli, CFA | Justin Hance, CFA

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

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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