Oakmark Select Fund’s Q1 2023 Investor Letter

Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. The fund returned 10.9% in the first quarter compared to a 7.5% return for the S&P 500 Index. The fund outperformed both general market and value indexes in the quarter. Communication services and information technology were the largest contributing sectors in the quarter, while energy and real estate detracted from performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.