Oakmark Select Fund’s Q2 2022 Investor Letter

Oakmark Funds, an investment management firm, published its “Oakmark Select Fund” second quarter 2022 investor letter – a copy that can be downloaded here. The volatility in the first quarter accelerated in the second quarter over concerns about sustained inflation, the need for higher interest rates, and the consequently increased odds of a recession. As a result, stock prices fell considerably, and the Oakmark Select Fund (“Fund”) was not immune. The Oakmark Select Fund declined 16% during the second quarter, compared to the S&P 500 Index’s negative 16% return. Go over the fund’s top 5 positions to have a glimpse of its finest picks for 2022.