Oakmark Fund
Actively managed U.S. stock fund
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Fixed Income Clearing Corp. | 5.42% | $1.30B | — | — |
3.22% | $772.78M | 2.9M | $268.14 | |
3.13% | $751.16M | 8.0M | $93.66 | |
2.94% | $707.71M | 21.6M | $32.73 | |
ABNBAirbnb Inc | 2.92% | $702.76M | 4.9M | $143.10 |
2.89% | $694.03M | 5.0M | $139.96 | |
2.84% | $682.21M | 5.3M | $128.50 | |
2.74% | $659.37M | 1.7M | $386.73 | |
CTVACorteva Inc | 2.67% | $640.57M | 7.6M | $84.69 |
2.54% | $610.03M | 13.3M | $45.95 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 61 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 94.56% |
| Cash & short-term | 5.42% |
| Derivatives | -0.04% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Financials
- 35.1%
- Health Care
- 11.2%
- Industrials
- 9.0%
- Consumer Discretionary
- 8.4%
- 8 other sectors
- 36.3%
- Financials
- 35.1%
- Health Care
- 11.2%
- Industrials
- 9.0%
- Consumer Discretionary
- 8.4%
- Energy
- 6.2%
- Information Technology
- 6.0%
- Other
- 5.4%
- Consumer Staples
- 5.3%
- International
- 4.7%
- Materials
- 4.0%
- Communication Services
- 4.0%
- Real Estate
- 0.7%
How it has done
OAKMX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.11%. Past returns are a record, not a forecast.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.89% | +17.96% | +57.61% | +65.36% | -9.42% | |
| 0.70% | +18.20% | +58.55% | +67.11% | -9.38% | |
| 0.67% | +18.24% | +58.67% | +67.32% | -9.38% | |
| 0.61% | +18.32% | +58.96% | +67.73% | -9.36% |
These classes hold the same portfolio, so the 2.37pp spread over 5 years is the cost difference between them — roughly 0.47pp a year — not a difference in what they own.
Fees & fund details
Oakmark Fund is an actively managed U.S. equity fund. 10% of OAKMX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Leveraged
- Expense ratio, by class
- 0.61% – 0.89%· OAKMX 0.89%
- Portfolio turnover
- 63.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
4 new
5 exited
Understand how this fund fits with the rest.
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