Oakmark Equity and Income Fund Sold HCA Healthcare (HCA) as it Reached Estimated Fair Value

Oakmark Funds, advised by Harris Associates, released its “Oakmark Equity and Income Fund” first quarter 2024 investor letter. A copy of the same can be downloaded here. The fund delivered 4.92% during the quarter compared to the Lipper Balanced Fund Index’s 5.15% return. This was driven by an 8.53% return on the equity portfolio, which lagged the S&P 500 Index of 10.56%. The fund has returned an average of 9.69% per year since its inception in November 1995 outperforming the...