Oakmark Funds, advised by Harris Associates, released its “Oakmark Select Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund returned 8.07% in the third quarter compared to a 5.89% return for the S&P 500 Index. The fund returned 11.76% since its inception compared to the index’s return of 9.82% over the same period. The largest contributing sectors were real estate and financials while the energy sector was the only detractor from performance. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.
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