Oakmark Select Fund’s Q1 2026 Investor Letter

Harris Oakmark recently released its first-quarter 2026 investor letter for the “Oakmark Select Fund”. 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. The Fund believes that equity markets are more influenced by crowd psychology and short-term fluctuations rather than...