Harris Oakmark U.S. Concentrated Strategy’s Q2 2026 Investor Letter

Harris Oakmark recently released its second-quarter 2026 investor letter for the “Oakmark U.S. Concentrated Strategy”. The strategy returned 9.21% (net) in the second quarter, lagging the Russell 1000 Value Index’s 13.87%. U.S. equities finished higher during the quarter, with nine of eleven GICS sectors posting gains, led by technology and industrials, while energy and utilities detracted. The market showed concentrated leadership, with investors favoring companies that benefit from AI spending. However, the firm continues to focus on value discipline, avoiding AI-driven market fads, prioritizing companies trading below intrinsic value. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.

A copy of Harris Oakmark U.S. Concentrated Strategy’s Q2 2026 investor letter can be downloaded here.