Oakmark Fund’s Q4 2023 Investor Letter

Oakmark Funds, advised by Harris Associates, released its “Oakmark Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The fund returned 12.92% in the fourth quarter, compared to an 11.69% return for the S&P 500 Index. For the calendar year, the fund returned 30.89% compared to 26.29% for the index. Despite 2023 being another year where value faced a challenge over growth, the firm is pleased that the Fund outperformed for the entire year as well as the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.