Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund returned -1.15% in the first quarter compared to a -4.27% return for the S&P 500 Index. The fund returned 11.73% since its inception compared to the index’s return of 9.57% over the same period. The largest contributing sectors were industrials and financials, while consumer discretionary and communication services...
