Oakmark Select Fund’s Q2 2026 Investor Letter

Harris Oakmark recently released its second-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 9.39% vs. 15.20 % for the index. At the sector level, health care and consumer staples contributed to performance, while information technology and energy detracted. Investors continued to favor companies perceived to be direct beneficiaries of AI spending in a narrow...