Oakmark Select Fund’s Q1 2026 Investor Letter

Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” first-quarter 2026 investor letter. Oakmark Select Fund is a non-diversified fund that aims to deliver capital appreciation by investing in mid and large-cap US companies.  In the quarter, the Fund (investor class) trailed the S&P 500 Index, returning -7.99% vs. -4.33% for the index. Energy is the only contributor to performance at the sector level, while health care and financials detracted from the performance. The Fund believes that equity markets are more influenced by crowd psychology and short-term fluctuations rather than fundamental value. Accordingly, the portfolios are constricted with patience and discipline. In addition, you can check the Fund’s top five holdings to determine its best picks for 2026.

A copy of Oakmark Select Fund’s Q1 2026 investor letter can be downloaded here.