Oakmark Fund
HARRIS ASSOCIATES INVESTMENT TRUST · Series S000002758 · 4 share classes
data updated 2026-08-10
Fund profile
As filed in the prospectus · 2026 Q1
Oakmark Fund seeks long-term capital appreciation.
The fund invests in a diversified portfolio of large-cap U.S. stocks selected through bottom-up fundamental analysis, seeking companies trading at significant discounts to the adviser's estimate of intrinsic value while demonstrating predictable earnings growth and management alignment with shareholders. The fund typically holds thirty to sixty stocks, concentrating its assets in its highest-conviction ideas, which means a higher percentage of assets may be invested in particular sectors or industries at times. Because performance depends on the adviser's estimates of intrinsic value and the selection of individual securities, results may diverge materially from broad market returns.
| Share class | Expense ratio |
|---|---|
| OAKMX | 0.89% |
| OAYMX | 0.70% |
| OANMX | 0.67% |
| OAZMX | 0.61% |
Portfolio turnover 63.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Stocks | 95.87% |
| Cash & short-term | 4.07% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — |
Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Fixed Income Clearing Corp. | 4.07% | $995.34M | — |
| TRGP | Targa Resources CorpTRGP | 3.37% | $822.90M | 3.3M |
| COP | ConocoPhillipsCOP | 3.31% | $808.32M | 6.1M |
| ICE | Intercontinental Exchange IncICE | 2.73% | $666.74M | 4.2M |
| MRK | Merck & Co IncMRK | 2.69% | $657.63M | 5.5M |
| CTVA | Corteva IncCTVA | 2.65% | $647.81M | 7.7M |
| ABNB | Airbnb IncABNB | 2.62% | $641.50M | 5.1M |
| CRM | Salesforce IncCRM | 2.55% | $622.92M | 3.3M |
| PSX | Phillips 66PSX | 2.43% | $593.43M | 3.3M |
| — | Willis Towers Watson PLC | 2.42% | $592.45M | 2.0M |
Top 10 positions are 28.84% of net assets, top 25 61.06%, across 61 issuers.
See more of this fund's book
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