Oakmark Fund Expands Large-Cap Strategy with Sysco Corporation Addition

Oakmark Funds, advised by Harris Associates, has disclosed the addition of Sysco Corporation (SYY) to its holdings as part of its first-quarter 2026 investment strategy. The fund's primary objective remains the delivery of capital appreciation through a diversified selection of large-cap U.S. companies. The strategic move into Sysco reflects the fund's ongoing efforts to identify value within the large-cap space. By diversifying its holdings, the fund aims to mitigate risk while positioning itself for long-term growth in the U.S. equity market. Performance data for the first quarter of 2026 indicates a challenging environment for equities. The investor class of the Oakmark Fund recorded a return of -2.47%. However, this result represents a relative outperformance when compared to the broader market benchmark. The S&P 500 Index declined by 4.33% during the same period, meaning the Oakmark Fund limited its losses more effectively than the index. This relative strength suggests that the fund's current defensive or value-oriented positioning provided a buffer against the steeper market decline.