Paycom Software (PAYC) Slipped in Q2 on Multiple Factors

Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” second quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned -6.19% in the second quarter compared to a 4.28% return for the S&P 500 Index. The fund returned 11.56% since its inception compared to the index’s return of 9.69% over the same period. The largest contributing sector was communication services while industrials and health care were the leading detractors....