Harris Associates Investment Trust NPORT-P Oakmark Select Fund (Dec 2022 report)

Oakmark Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.7%
FINANCIALS – 30.9%
DIVERSIFIED FINANCIALS – 19.3%
KKR & Co., Inc.		9,630	$	447,025
Capital One Financial Corp.		3,709		344,789
The Goldman Sachs Group, Inc.		955		327,928
Ally Financial, Inc.		13,359		326,630
State Street Corp.		4,200		325,778
Intercontinental Exchange, Inc.		2,975		305,226
The Bank of New York Mellon Corp.		5,221		237,638
The Charles Schwab Corp.		2,658		221,305
American Express Co.		1,328		196,182
Moody's Corp.		195		54,295
				2,786,796
BANKS – 6.8%
Wells Fargo & Co.		9,963		411,372
Citigroup, Inc.		7,724		349,366
Bank of America Corp.		6,724		222,682
				983,420
INSURANCE – 4.8%
Willis Towers Watson PLC		1,380		337,520
American International Group, Inc.		3,193		201,913
Reinsurance Group of America, Inc.		1,132		160,851
				700,284
				4,470,500
COMMUNICATION SERVICES – 17.1%
MEDIA & ENTERTAINMENT – 17.1%
Alphabet, Inc., Class A (a)		5,566		491,115
Comcast Corp., Class A		9,000		314,733
Pinterest, Inc., Class A (a) (b)		11,750		285,290
Netflix, Inc. (a)		962		283,556
Meta Platforms, Inc., Class A (a)		2,225		267,805
Warner Bros Discovery, Inc. (a)		18,987		179,997
Take-Two Interactive Software, Inc. (a)		1,600		166,608
The Walt Disney Co. (a)		1,900		165,072
Charter Communications, Inc., Class A (a)		485		164,338
Liberty Broadband Corp., Class C (a)		2,019		153,986
				2,472,500
CONSUMER DISCRETIONARY – 13.3%
AUTOMOBILES & COMPONENTS – 4.7%
General Motors Co.		8,112		272,888
BorgWarner, Inc.		6,500		261,625
Magna International, Inc.		2,500		140,450
				674,963
RETAILING – 4.1%
Amazon.com, Inc. (a)		3,290		276,360
eBay, Inc.		4,653		192,951
Etsy, Inc. (a) (b)		1,050		125,769
				595,080
CONSUMER SERVICES – 2.7%
Booking Holdings, Inc. (a)		139		279,318
Hilton Worldwide Holdings, Inc.		949		119,928
				399,246
CONSUMER DURABLES & APPAREL – 1.8%
PulteGroup, Inc.		5,654		257,427
				1,926,716
INFORMATION TECHNOLOGY – 13.1%
SOFTWARE & SERVICES – 11.9%
Oracle Corp.		4,705		384,603
Fiserv, Inc. (a)		3,075		310,790
Salesforce, Inc. (a)		2,220		294,350
Workday, Inc., Class A (a)		1,677		280,646
Adobe, Inc. (a)		550		185,091
Global Payments, Inc.		1,540		152,953
Gartner, Inc. (a) (b)		325		109,246
				1,717,679
TECHNOLOGY HARDWARE & EQUIPMENT – 1.2%
TE Connectivity, Ltd.		1,484		170,414
				1,888,093
INDUSTRIALS – 8.9%
CAPITAL GOODS – 6.5%
Parker-Hannifin Corp.		940		273,540
Masco Corp.		4,574		213,487
Fortune Brands Innovations, Inc.		3,155		180,154
PACCAR, Inc.		1,800		178,146
Cummins, Inc.		221		53,546
Masterbrand, Inc. (a)		5,010		37,827
				936,700
COMMERCIAL & PROFESSIONAL SERVICES – 1.6%
Equifax, Inc.		1,170		227,401
TRANSPORTATION – 0.8%
Uber Technologies, Inc. (a)		5,063		125,211
				1,289,312
ENERGY – 6.1%
EOG Resources, Inc.		2,657		344,078
APA Corp.		7,185		335,387
ConocoPhillips		1,734		204,577
				884,042
REAL ESTATE – 2.4%
CBRE Group, Inc., Class A (a)		4,418		340,009
HEALTH CARE – 2.1%
HEALTH CARE EQUIPMENT & SERVICES – 2.1%
HCA Healthcare, Inc.		1,242		298,029
CONSUMER STAPLES – 1.8%
FOOD, BEVERAGE & TOBACCO – 1.8%
Altria Group, Inc.		5,610		256,433
TOTAL COMMON STOCKS – 95.7%
(Cost $11,551,842)				13,825,634

OAKMARK FUNDS

Oakmark Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
SHORT-TERM INVESTMENTS – 4.3%
U.S. GOVERNMENT BILLS – 2.4%
United States Treasury Bills, 3.56%, due 01/24/23 (c)	$	175,000	$	174,608
United States Treasury Bills, 4.32%, due 02/28/23 (c)		175,000		173,833
TOTAL U.S. GOVERNMENT BILLS – 2.4%
(Cost $348,428)				348,441
REPURCHASE AGREEMENT – 1.9%
Fixed Income Clearing Corp. Repurchase Agreement, 4.26% dated 12/30/22 due 01/03/23, repurchase price $279,967, collateralized by United States Treasury Notes, 0.375% - 1.250% due 07/15/23 - 07/31/23, aggregate value plus accrued interest of $285,432 (Cost: $279,835)		279,835		279,835
TOTAL SHORT-TERM INVESTMENTS – 4.3%
(Cost $628,263)				628,276
TOTAL INVESTMENTS – 100.0% (Cost $12,180,105)				14,453,910
Other Assets In Excess of Liabilities – 0.0%(d)				2,175
TOTAL NET ASSETS – 100.0%			$	14,456,085

(a)	Non-income producing security
(b)	All or a portion of this investment is held in connection with one or more options within the Fund.
(c)	The rate shown represents the annualized yield at the time of purchase; not a coupon rate.
(d)	Amount rounds to less than 0.1%.

Oakmark.com

Oakmark Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

WRITTEN OPTIONS

Description	Exercise Price		Expiration Date	Number of Contracts			Notional Amount			Market Value			Premiums (Received) by Fund			Unrealized Gain/(Loss)
CALLS
Etsy, Inc.	$	130.00	3/17/23		(4,846	)	$	(58,045	)	$	(5,040	)	$	(9,814	)	$	4,774
Gartner, Inc.	$	330.00	3/17/23		(1,500	)	$	(50,421	)	$	(3,698	)	$	(4,954	)	$	1,256
Gartner, Inc.	$	340.00	3/17/23		(1,750	)	$	(58,825	)	$	(3,482	)	$	(6,121	)	$	2,639
Pinterest, Inc.	$	25.00	3/17/23		(47,691	)	$	(115,794	)	$	(12,686	)	$	(16,200	)	$	3,514
							$	(283,085	)	$	(24,906	)	$	(37,089	)	$	12,183

OAKMARK FUNDS

Oakmark Select Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.1%
FINANCIALS – 31.3%
DIVERSIFIED FINANCIALS – 19.1%
KKR & Co., Inc.		5,500	$	255,310
Capital One Financial Corp.		2,231		207,403
Intercontinental Exchange, Inc.		1,800		184,662
Ally Financial, Inc.		7,000		171,153
				818,528
BANKS – 12.2%
Citigroup, Inc.		4,012		181,463
First Citizens BancShares, Inc., Class A		238		180,546
Wells Fargo & Co.		3,600		148,644
First Citizens BancShares, Inc., Class B		16		11,024
				521,677
				1,340,205
COMMUNICATION SERVICES – 21.5%
MEDIA & ENTERTAINMENT – 21.5%
Alphabet, Inc., Class A (a)		4,199		370,497
Netflix, Inc. (a)		574		169,113
Charter Communications, Inc., Class A (a)		476		161,378
Warner Bros Discovery, Inc. (a)		12,150		115,182
Liberty Broadband Corp., Class C (a)		1,400		106,778
				922,948
INFORMATION TECHNOLOGY – 15.0%
SOFTWARE & SERVICES – 15.0%
Oracle Corp.		3,550		290,177
Salesforce, Inc. (a)		1,595		211,481
Fiserv, Inc. (a)		1,396		141,125
				642,783
CONSUMER DISCRETIONARY – 8.9%
RETAILING – 8.9%
Lithia Motors, Inc.		1,028		210,473
Amazon.com, Inc. (a)		2,036		171,022
				381,495
REAL ESTATE – 6.9%
CBRE Group, Inc., Class A (a)		3,850		296,270
ENERGY – 6.0%
EOG Resources, Inc.		1,181		152,916
APA Corp.		2,242		104,657
				257,573
HEALTH CARE – 4.2%
HEALTH CARE EQUIPMENT & SERVICES – 4.2%
HCA Healthcare, Inc.		757		181,709
INDUSTRIALS – 1.3%
CAPITAL GOODS – 1.3%
Allison Transmission Holdings, Inc.		1,337		55,604
TOTAL COMMON STOCKS – 95.1%
(Cost $3,460,928)				4,078,587

		Par Value		Value
SHORT-TERM INVESTMENTS – 4.8%
REPURCHASE AGREEMENT – 4.8%
Fixed Income Clearing Corp. Repurchase Agreement, 4.26% dated 12/30/22 due 01/03/23, Repurchase price $205,050, collateralized by United States Treasury Notes, 0.125% - 2.500% due 07/31/23 - 09/30/23, aggregate value plus accrued interest of $209,053 (Cost: $204,953)	$	204,953		204,953
TOTAL SHORT-TERM INVESTMENTS – 4.8%
(Cost $204,953)				204,953
TOTAL INVESTMENTS – 99.9% (Cost $3,665,881)				4,283,540
Other Assets In Excess of Liabilities – 0.1%				5,200
TOTAL NET ASSETS – 100.0%			$	4,288,740

(a) Non-income producing security

OAKMARK FUNDS

Oakmark Global Fund

Global Diversification —December 31, 2022 (Unaudited)

		% of Equity Investments
Europe		48.2	%
	Germany*			14.9	%
	United Kingdom			13.7	%
	Switzerland			8.5	%
	Netherlands*			3.5	%
	Belgium*			2.8	%
	Ireland*			2.6	%
	France*			2.2	%
North America		46.1	%
	United States			46.1	%
Asia		5.5	%
	China			3.1	%
	South Korea			2.0	%
	India			0.4	%
Latin America		0.2	%
	Mexico			0.2	%

* Euro currency countries comprise 26.0% of equity investments.

Oakmark Global Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 97.4%
FINANCIALS – 23.8%
INSURANCE – 8.9%
Prudential PLC (United Kingdom)		2,881	$	39,267
Allianz SE (Germany)		181		38,951
Willis Towers Watson PLC (United States)		100		24,360
				102,578
BANKS – 7.6%
Lloyds Banking Group PLC (United Kingdom)		86,004		47,214
Bank of America Corp. (United States)		1,070		35,422
Axis Bank, Ltd. (India)		374		4,218
				86,854
DIVERSIFIED FINANCIALS – 7.3%
Julius Baer Group, Ltd. (Switzerland)		655		38,159
St James's Place PLC (United Kingdom)		1,323		17,511
Credit Suisse Group AG (Switzerland)		5,780		17,278
KKR & Co., Inc. (United States)		249		11,563
Credit Suisse Group AG ADR (Switzerland) (a)		1		3
				84,514
				273,946
CONSUMER DISCRETIONARY – 18.3%
RETAILING – 7.9%
Prosus N.V. (Netherlands)		571		39,387
Alibaba Group Holding, Ltd. (China) (b)		3,180		35,143
Amazon.com, Inc. (United States) (b)		195		16,397
				90,927
AUTOMOBILES & COMPONENTS – 7.2%
Mercedes-Benz Group AG (Germany)		642		42,222
General Motors Co. (United States)		1,228		41,297
				83,519
CONSUMER DURABLES & APPAREL – 2.1%
Kering SA (France)		48		24,279
CONSUMER SERVICES – 1.1%
Booking Holdings, Inc. (United States) (b)		6		12,424
				211,149
INFORMATION TECHNOLOGY – 16.3%
SOFTWARE & SERVICES – 9.6%
Oracle Corp. (United States)		399		32,614
Fiserv, Inc. (United States) (b)		304		30,685
Mastercard, Inc., Class A (United States)		81		28,166
SAP SE (Germany)		192		19,800
				111,265
TECHNOLOGY HARDWARE & EQUIPMENT – 6.7%
TE Connectivity, Ltd. (United States)		480		55,081
Samsung Electronics Co., Ltd. (South Korea)		503		22,061
				77,142
				188,407
INDUSTRIALS – 12.3%
CAPITAL GOODS – 9.8%
CNH Industrial N.V. (United Kingdom)		2,154		34,505
Daimler Truck Holding AG (Germany) (b)		1,058		32,770
Parker-Hannifin Corp. (United States)		56		16,383
Flowserve Corp. (United States)		477		14,627
Travis Perkins PLC (United Kingdom)		1,100		11,832
Howmet Aerospace, Inc. (United States)		75		2,963
				113,080
TRANSPORTATION – 2.5%
Ryanair Holdings PLC ADR (Ireland) (a) (b)		392		29,317
				142,397
COMMUNICATION SERVICES – 11.9%
MEDIA & ENTERTAINMENT – 11.9%
Alphabet, Inc., Class A (United States) (b)		670		59,141
The Interpublic Group of Cos., Inc. (United States)		903		30,084
Liberty Broadband Corp., Class C (United States) (b)		239		18,228
Pinterest, Inc., Class A (United States) (b)		646		15,685
Warner Bros Discovery, Inc. (United States) (b)		862		8,171
Charter Communications, Inc., Class A (United States) (b)		10		3,425
Grupo Televisa SAB ADR (Mexico) (a)		627		2,857
				137,591
HEALTH CARE – 7.0%
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 4.5%
Bayer AG (Germany)		660		34,141
Novartis AG (Switzerland)		200		18,089
				52,230
HEALTH CARE EQUIPMENT & SERVICES – 2.5%
Tenet Healthcare Corp. (United States) (b)		578		28,193
				80,423
CONSUMER STAPLES – 2.7%
FOOD, BEVERAGE & TOBACCO – 2.7%
Anheuser-Busch InBev SA/NV (Belgium)		518		31,171
MATERIALS – 2.5%
Glencore PLC (Switzerland)		3,319		22,166
Arconic Corp. (United States) (b)		306		6,476
				28,642
ENERGY – 2.3%
Nov, Inc. (United States)		1,292		26,990
REAL ESTATE – 0.3%
Cushman & Wakefield PLC (United Kingdom) (b)		271		3,372
TOTAL COMMON STOCKS – 97.4%
(Cost $794,879)				1,124,088

OAKMARK FUNDS

Oakmark Global Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
SHORT-TERM INVESTMENT – 2.1%
REPURCHASE AGREEMENT – 2.1%
Fixed Income Clearing Corp. Repurchase Agreement, 4.26% dated 12/30/22 due 01/03/23, Repurchase price $24,013, collateralized by a United States Treasury Note, 0.375% due 07/15/23, value plus accrued interest of $24,481 (Cost: $24,001)	$	24,001	$	24,001
TOTAL SHORT-TERM INVESTMENTS – 2.1%
(Cost $24,001)				24,001
TOTAL INVESTMENTS – 99.5% (Cost $818,880)				1,148,089
Foreign Currencies (Cost $2) – 0.0% (c)				2
Other Assets In Excess of Liabilities – 0.5%				5,644
TOTAL NET ASSETS – 100.0%			$	1,153,735

(a)	Sponsored American Depositary Receipt
(b)	Non-income producing security
(c)	Amount rounds to less than 0.1%.

Oakmark.com

Oakmark Global Select Fund

Global Diversification —December 31, 2022 (Unaudited)

		% of Equity Investments
North America		54.8	%
	United States			54.8	%
Europe		33.9	%
	Germany*			11.7	%
	United Kingdom			9.7	%
	Netherlands*			4.9	%
	Switzerland			4.9	%
	France*			2.7	%
Asia		11.3	%
	South Korea			7.8	%
	China			3.5	%

* Euro currency countries comprise 19.3% of equity investments.

Oakmark Global Select Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 92.9%
CONSUMER DISCRETIONARY – 22.7%
RETAILING – 12.6%
Prosus N.V. (Netherlands)		713	$	49,156
Amazon.com, Inc. (United States) (a)		543		45,642
Alibaba Group Holding, Ltd. (China) (a)		3,161		34,927
				129,725
AUTOMOBILES & COMPONENTS – 4.6%
Mercedes-Benz Group AG (Germany)		719		47,277
CONSUMER SERVICES – 3.4%
Booking Holdings, Inc. (United States) (a)		17		34,512
CONSUMER DURABLES & APPAREL – 2.1%
Cie Financiere Richemont SA, Class A (Switzerland)		166		21,512
				233,026
COMMUNICATION SERVICES – 21.5%
MEDIA & ENTERTAINMENT – 21.5%
Alphabet, Inc., Class A (United States) (a)		1,173		103,508
Charter Communications, Inc., Class A (United States) (a)		135		45,609
Netflix, Inc. (United States) (a)		123		36,359
NAVER Corp. (South Korea)		250		35,583
				221,059
FINANCIALS – 17.6%
BANKS – 9.0%
Lloyds Banking Group PLC (United Kingdom)		97,547		53,552
Bank of America Corp. (United States)		1,192		39,486
				93,038
INSURANCE – 4.5%
American International Group, Inc. (United States)		729		46,127
DIVERSIFIED FINANCIALS – 4.1%
Capital One Financial Corp. (United States)		423		39,359
Credit Suisse Group AG (Switzerland)		784		2,344
				41,703
				180,868
HEALTH CARE – 10.3%
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 5.5%
Bayer AG (Germany)		612		31,648
Novartis AG (Switzerland)		276		24,933
				56,581
HEALTH CARE EQUIPMENT & SERVICES – 4.8%
HCA Healthcare, Inc. (United States)		208		49,840
				106,421
INFORMATION TECHNOLOGY – 9.2%
SOFTWARE & SERVICES – 9.2%
Fiserv, Inc. (United States) (a)		557		56,336
SAP SE (Germany)		366		37,795
				94,131
REAL ESTATE – 4.8%
CBRE Group, Inc., Class A (United States) (a)		644		49,585
INDUSTRIALS – 4.2%
CAPITAL GOODS – 4.2%
CNH Industrial N.V. (United Kingdom)		2,687		43,040
CONSUMER STAPLES – 2.6%
FOOD, BEVERAGE & TOBACCO – 2.6%
Danone SA (France)		511		26,918
TOTAL COMMON STOCKS – 92.9%
(Cost $741,895)				955,048
PREFERRED STOCKS – 4.0%
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS – 4.0%
Samsung Electronics Co., Ltd. (South Korea)		1,035		41,492
TOTAL PREFERRED STOCKS – 4.0%
(Cost $53,045)				41,492

	Par Value		Value
SHORT-TERM INVESTMENTS – 2.8%
REPURCHASE AGREEMENT – 2.8%
Fixed Income Clearing Corp. Repurchase Agreement, 4.26% dated 12/30/22 due 01/03/23, Repurchase price $28,931, collateralized by a United States Treasury Note, 1.250% due 07/31/23, value plus accrued interest of $29,496 (Cost: $28,917)	$	28,917		28,917
TOTAL SHORT-TERM INVESTMENTS – 2.8%
(Cost $28,917)				28,917
TOTAL INVESTMENTS – 99.7% (Cost $823,857)				1,025,457
Foreign Currencies (Cost $1) – 0.0% (b)				1
Other Assets In Excess of Liabilities – 0.3%				3,255
TOTAL NET ASSETS – 100.0%			$	1,028,713

(a)	Non-income producing security
(b)	Amount rounds to less than 0.1%.

OAKMARK FUNDS

Oakmark International Fund

Global Diversification —December 31, 2022 (Unaudited)

		% of Equity Investments
Europe		87.9	%
	Germany*			28.2	%
	United Kingdom			16.3	%
	France*			15.6	%
	Switzerland			8.3	%
	Netherlands*			6.2	%
	Italy*			3.3	%
	Sweden			3.3	%
	Belgium*			2.0	%
	Ireland*			2.0	%
	Spain*			1.4	%
	Denmark			1.3	%
Asia		9.0	%
	South Korea			3.5	%
	China			3.2	%
	Japan			1.8	%
	India			0.5	%
North America		2.2	%
	Canada			2.2	%
Australasia		0.7	%
	Australia			0.7	%
Latin America		0.2	%
	Mexico			0.2	%

* Euro currency countries comprise 58.7% of equity investments.

Oakmark International Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.6%
CONSUMER DISCRETIONARY – 23.6%
AUTOMOBILES & COMPONENTS – 9.7%
Mercedes-Benz Group AG (Germany)		8,598	$	565,086
Bayerische Motoren Werke AG (Germany)		5,510		491,833
Continental AG (Germany)		8,076		483,945
Valeo (France) (a)		15,627		279,359
				1,820,223
RETAILING – 5.7%
Prosus N.V. (Netherlands)		7,095		489,462
Alibaba Group Holding, Ltd. (China) (b)		36,538		403,748
Vipshop Holdings, Ltd. ADR (China) (b) (c)		13,476		183,809
				1,077,019
CONSUMER DURABLES & APPAREL – 5.1%
adidas AG (Germany)		3,193		435,583
Kering SA (France)		587		298,731
The Swatch Group AG, Bearer Shares (Switzerland)		525		149,426
Cie Financiere Richemont SA, Class A (Switzerland)		644		83,523
				967,263
CONSUMER SERVICES – 3.1%
Accor SA (France) (a) (b)		15,397		384,859
Compass Group PLC (United Kingdom)		4,672		108,300
Restaurant Brands International, Inc. (Canada)		1,228		79,387
				572,546
				4,437,051
FINANCIALS – 19.6%
BANKS – 9.9%
BNP Paribas SA (France)		10,949		624,137
Intesa Sanpaolo SPA (Italy)		270,736		602,223
Lloyds Banking Group PLC (United Kingdom)		1,017,614		558,654
Axis Bank, Ltd. (India)		7,096		80,090
				1,865,104
DIVERSIFIED FINANCIALS – 5.0%
EXOR N.V. (Netherlands)		5,407		395,343
Schroders PLC (United Kingdom)		64,401		339,459
Credit Suisse Group AG (Switzerland)		65,658		196,268
				931,070
INSURANCE – 4.7%
Allianz SE (Germany)		2,279		490,106
Prudential PLC (United Kingdom)		29,563		402,975
				893,081
				3,689,255
INDUSTRIALS – 16.4%
CAPITAL GOODS – 13.2%
CNH Industrial N.V. (United Kingdom)		26,952		431,753
Daimler Truck Holding AG (Germany) (b)		12,228		378,889
Siemens AG (Germany)		2,712		376,325
SKF AB, Class B (Sweden)		18,029		274,982
Volvo AB, Class B (Sweden)		13,798		249,222
Ashtead Group PLC (United Kingdom)		3,695		210,840
Komatsu, Ltd. (Japan)		8,877		194,529
Schindler Holding AG (Switzerland)		682		128,340
Smiths Group PLC (United Kingdom)		4,930		95,271
Sandvik AB (Sweden)		3,910		70,600
Rolls-Royce Holdings PLC (United Kingdom) (b)		61,916		69,763
				2,480,514
TRANSPORTATION – 3.2%
Ryanair Holdings PLC ADR (Ireland) (b) (c)		4,772		356,784
DSV A/S (Denmark)		1,510		238,390
				595,174
				3,075,688
INFORMATION TECHNOLOGY – 9.8%
SOFTWARE & SERVICES – 9.8%
Worldline SA (France) (b)		9,827		384,254
SAP SE (Germany)		3,443		355,210
Open Text Corp. (Canada)		10,780		319,416
Amadeus IT Group SA (Spain) (b)		4,975		258,568
Capgemini SE (France)		1,484		247,695
Edenred (France)		2,597		141,433
Fujitsu, Ltd. (Japan)		1,046		140,434
				1,847,010
HEALTH CARE – 8.2%
HEALTH CARE EQUIPMENT & SERVICES – 4.3%
Fresenius SE & Co. KGaA (Germany)		16,439		461,922
Fresenius Medical Care AG & Co. KGaA (Germany)		6,530		213,675
Koninklijke Philips N.V. (Netherlands)		8,814		132,130
				807,727
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 3.9%
Bayer AG (Germany)		8,190		423,669
Novartis AG (Switzerland)		2,276		205,790
Roche Holding AG (Switzerland)		334		104,808
				734,267
				1,541,994
COMMUNICATION SERVICES – 7.2%
MEDIA & ENTERTAINMENT – 5.8%
NAVER Corp. (South Korea)		2,502		355,801
Publicis Groupe SA (France)		4,502		286,368
WPP PLC (United Kingdom)		24,997		247,868
Informa PLC (United Kingdom)		21,906		164,088
Grupo Televisa SAB ADR (Mexico) (c)		8,925		40,698
				1,094,823
TELECOMMUNICATION SERVICES – 1.4%
Liberty Global PLC, Class A (United Kingdom) (b)		13,205		249,973
				1,344,796

OAKMARK FUNDS

Oakmark International Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.6%  (cont.)
MATERIALS – 5.8%
Holcim AG (Switzerland)		6,655	$	344,619
Glencore PLC (Switzerland)		45,503		303,877
thyssenkrupp AG (Germany) (a) (b)		30,786		187,714
Orica, Ltd. (Australia)		12,930		132,583
Akzo Nobel N.V. (Netherlands)		1,812		121,318
				1,090,111
CONSUMER STAPLES – 5.0%
FOOD, BEVERAGE & TOBACCO – 3.0%
Anheuser-Busch InBev SA/NV (Belgium)		6,016		362,387
Danone SA (France)		3,819		201,265
				563,652
HOUSEHOLD & PERSONAL PRODUCTS – 2.0%
Henkel AG & Co. KGaA (Germany)		4,354		280,842
Reckitt Benckiser Group PLC (United Kingdom)		1,425		99,127
				379,969
				943,621
TOTAL COMMON STOCKS – 95.6%
(Cost $19,513,272)				17,969,526
PREFERRED STOCKS – 1.4%
INFORMATION TECHNOLOGY – 1.4%
TECHNOLOGY HARDWARE & EQUIPMENT – 1.4%
Samsung Electronics Co., Ltd. (South Korea)		6,730		269,706
TOTAL PREFERRED STOCKS – 1.4%
(Cost $384,397)				269,706
	Par Value		Value
SHORT-TERM INVESTMENTS – 2.9%
REPURCHASE AGREEMENT – 2.3%
Fixed Income Clearing Corp. Repurchase Agreement, 4.26% dated 12/30/22 due 01/03/23, Repurchase price $422,052, collateralized by a United States Treasury Note, 0.375% due 07/15/23, value plus accrued interest of $430,289  (Cost: $421,852)	$	421,852		421,852
COMMERCIAL PAPER – 0.6%
Walgreens Boots Alliance, Inc., 144A,
4.81% - 5.02%, due 01/09/23 - 01/24/23 (d) (e)		79,500		79,306
American Honda Finance Corp.,
4.56% - 4.59%, due 01/05/23 - 01/06/23 (e)		39,500		39,467
TOTAL COMMERCIAL PAPER – 0.6%
(Cost $118,799)				118,773
TOTAL SHORT-TERM INVESTMENTS – 2.9%
(Cost $540,651)				540,625
TOTAL INVESTMENTS – 99.9% (Cost $20,438,320)				18,779,857
Foreign Currencies (Cost $5,867) – 0.0% (f)				5,866
Other Assets In Excess of Liabilities – 0.1%				22,245
TOTAL NET ASSETS – 100.0%			$	18,807,968

(a)	See Note 2 in the Notes to Schedules of Investments regarding investments in affiliated issuers.
(b)	Non-income producing security
(c)	Sponsored American Depositary Receipt
(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers.
(e)	The rate shown represents the annualized yield at the time of purchase; not a coupon rate.
(f)	Amount rounds to less than 0.1%.

Oakmark.com

Oakmark International Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

Schedule of Transactions with Affiliated Issuers

Purchase and sale transactions and dividend and interest income earned during the period on these securities are set forth below (in thousands). The industry, country, or geographic region for each of the below affiliates can be found in the Schedule of Investments.

Affiliates	Shares Held		Purchases (Cost)		Sales (Proceeds)		Realized Gain/(Loss)			Change in Unrealized		Dividend Income		Value September 30, 2022		Value December 31, 2022		Percent of Net Assets
Accor SA		15,397	$	6,764	$	10,537	$	(1,557	)	$	64,704	$	0	$	325,485	$	384,859		2.0	%
thyssenkrupp AG (a)		30,786		0		55,482		(173,106	)		244,445		0		171,857		187,714		1.0	%
Valeo		15,627		9,870		0		0			41,777		0		227,712		279,359		1.5	%
TOTAL		61,810	$	16,634	$	66,019	$	(174,663	)	$	350,926	$	0	$	725,054	$	851,932		4.5	%

(a) Due to transactions during the period ended December 31, 2022, the company is no longer an affiliate.  

OAKMARK FUNDS

Oakmark International Small Cap Fund

Global Diversification —December 31, 2022 (Unaudited)

		% of Equity Investments
Europe		80.0	%
	United Kingdom			20.2	%
	Germany*			11.7	%
	Switzerland			9.5	%
	Sweden			7.9	%
	Italy*			7.7	%
	Spain*			6.7	%
	Finland*			5.6	%
	Norway			4.1	%
	Denmark			3.1	%
	Netherlands*			2.7	%
	Belgium*			0.8	%
Asia		10.6	%
	South Korea			4.1	%
	Japan			3.9	%
	China			1.9	%
	Indonesia			0.7	%
Latin America		3.9	%
	Mexico			3.9	%
Australasia		3.7	%
	Australia			3.7	%
North America		1.0	%
	Canada			1.0	%
Middle East		0.8	%
	Israel			0.8	%

* Euro currency countries comprise 35.2% of equity investments.

Oakmark International Small Cap Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.8%
INDUSTRIALS – 30.9%
CAPITAL GOODS – 18.6%
Konecranes OYJ (Finland)		1,681	$	51,753
Travis Perkins PLC (United Kingdom)		3,813		40,998
Fluidra SA (Spain)		2,570		39,951
Duerr AG (Germany)		1,175		39,642
Metso Outotec Oyj (Finland)		2,565		26,395
Howden Joinery Group PLC (United Kingdom)		3,148		21,374
Sulzer AG (Switzerland)		237		18,460
Babcock International Group PLC (United Kingdom) (a)		5,276		17,999
dormakaba Holding AG (Switzerland)		34		12,593
				269,165
COMMERCIAL & PROFESSIONAL SERVICES – 12.3%
Applus Services SA (Spain)		5,226		35,889
Hays PLC (United Kingdom)		19,767		27,649
Loomis AB (Sweden)		993		27,211
ISS A/S (Denmark) (a)		1,255		26,608
Pagegroup PLC (United Kingdom)		3,405		18,985
Randstad N.V. (Netherlands)		231		14,108
SThree PLC (United Kingdom)		2,809		13,687
Mitie Group PLC (United Kingdom)		15,106		13,624
				177,761
				446,926
FINANCIALS – 17.8%
DIVERSIFIED FINANCIALS – 12.0%
Azimut Holding SpA (Italy)		2,243		50,252
Julius Baer Group, Ltd. (Switzerland)		793		46,185
St James's Place PLC (United Kingdom)		2,388		31,618
EFG International AG (Switzerland)		2,446		23,362
Abrdn PLC (United Kingdom)		7,703		17,623
Element Fleet Management Corp. (Canada)		360		4,908
				173,948
BANKS – 3.9%
BNK Financial Group, Inc. (South Korea)		6,132		31,590
DGB Financial Group, Inc. (South Korea)		4,520		25,010
				56,600
INSURANCE – 1.9%
Talanx AG (Germany)		568		26,933
				257,481
INFORMATION TECHNOLOGY – 12.8%
SOFTWARE & SERVICES – 11.1%
Software AG (Germany)		1,667		43,210
Atea ASA (Norway)		3,240		37,704
Nexi SpA (Italy) (a)		3,663		28,884
TeamViewer AG (Germany) (a)		2,087		26,914
BIPROGY, Inc. (Japan)		936		23,849
				160,561
TECHNOLOGY HARDWARE & EQUIPMENT – 1.7%
Softwareone Holding AG (Switzerland)		1,692		23,994
				184,555
CONSUMER DISCRETIONARY – 9.6%
AUTOMOBILES & COMPONENTS – 6.9%
Pirelli & C SpA (Italy)		6,418		27,509
Vitesco Technologies Group AG (Germany) (a)		437		25,376
Dometic Group AB (Sweden)		3,819		24,621
Autoliv, Inc. (Sweden)		295		22,560
				100,066
CONSUMER SERVICES – 1.8%
Wynn Macau, Ltd. (China) (a)		17,095		19,055
MGM China Holdings, Ltd. (China) (a)		6,632		7,307
				26,362
CONSUMER DURABLES & APPAREL – 0.6%
Gildan Activewear, Inc. (Canada)		304		8,322
RETAILING – 0.3%
Wickes Group PLC (United Kingdom)		2,241		3,963
				138,713
COMMUNICATION SERVICES – 7.8%
MEDIA & ENTERTAINMENT – 7.1%
Megacable Holdings SAB de CV (Mexico)		11,119		29,545
oOh!media, Ltd. (Australia)		25,117		21,974
Schibsted ASA, Class B (Norway)		1,044		19,091
Viaplay Group AB (Sweden) (a)		904		17,148
Hakuhodo DY Holdings, Inc. (Japan)		1,371		13,898
				101,656
TELECOMMUNICATION SERVICES – 0.7%
Sarana Menara Nusantara Tbk PT (Indonesia)		147,073		10,392
				112,048
HEALTH CARE – 7.3%
HEALTH CARE EQUIPMENT & SERVICES – 6.1%
Ansell, Ltd. (Australia)		1,527		29,362
ConvaTec Group PLC (United Kingdom)		8,689		24,433
Elekta AB, Class B (Sweden)		3,065		18,446
GN Store Nord A/S (Denmark)		705		16,221
				88,462
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES – 1.2%
Grifols SA ADR (Spain) (a) (b)		1,915		16,277
				104,739
CONSUMER STAPLES – 5.2%
FOOD, BEVERAGE & TOBACCO – 2.4%
JDE Peet's N.V. (Netherlands)		790		22,861
Strauss Group, Ltd. (Israel)		438		11,573
				34,434

OAKMARK FUNDS

Oakmark International Small Cap Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 95.8%  (cont.)
CONSUMER STAPLES – 5.2% (cont.)
HOUSEHOLD & PERSONAL PRODUCTS – 1.7%
Kimberly-Clark de Mexico SAB de CV, Class A (Mexico)		14,389	$	24,419
FOOD & STAPLES RETAILING – 1.1%
Sugi Holdings Co., Ltd. (Japan)		359		16,048
				74,901
MATERIALS – 3.1%
DS Smith PLC (United Kingdom)		8,897		34,582
Titan Cement International SA (Belgium)		833		10,704
				45,286
REAL ESTATE – 1.3%
LSL Property Services PLC (United Kingdom)		4,079		12,330
IWG PLC (Switzerland) (a)		3,436		6,895
				19,225
TOTAL COMMON STOCKS – 95.8%
(Cost $1,413,065)				1,383,874
	Par Value		Value
SHORT-TERM INVESTMENT – 3.6%
REPURCHASE AGREEMENT – 3.6%
Fixed Income Clearing Corp. Repurchase Agreement, 4.26% dated 12/30/22 due 01/03/23, Repurchase price $51,851, collateralized by a United States Treasury Note, 0.375% due 07/15/23, value plus accrued interest of $52,864  (Cost: $51,827)	$	51,827		51,827
TOTAL SHORT-TERM INVESTMENTS – 3.6%
(Cost $51,827)				51,827
TOTAL INVESTMENTS – 99.4% (Cost $1,464,892)				1,435,701
Foreign Currencies (Cost $297) – 0.0% (c)				297
Other Assets In Excess of Liabilities – 0.6%				8,511
TOTAL NET ASSETS – 100.0%			$	1,444,509

(a)	Non-income producing security
(b)	Sponsored American Depositary Receipt
(c)	Amount rounds to less than 0.1%.

Oakmark.com

Oakmark Equity and Income Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
COMMON STOCKS – 58.1%
FINANCIALS – 15.5%
DIVERSIFIED FINANCIALS – 8.6%
KKR & Co., Inc.		2,313	$	107,356
Ally Financial, Inc.		4,146		101,362
The Charles Schwab Corp.		1,091		90,828
State Street Corp.		966		74,941
Intercontinental Exchange, Inc.		667		68,428
Capital One Financial Corp.		512		47,614
BlackRock, Inc.		50		35,077
				525,606
INSURANCE – 4.5%
Reinsurance Group of America, Inc.		929		131,944
American International Group, Inc.		1,160		73,333
Willis Towers Watson PLC		298		72,934
				278,211
BANKS – 2.4%
Bank of America Corp.		4,473		148,133
				951,950
CONSUMER DISCRETIONARY – 10.4%
AUTOMOBILES & COMPONENTS – 6.2%
General Motors Co.		4,052		136,303
BorgWarner, Inc.		3,140		126,401
Thor Industries, Inc.		808		60,975
Lear Corp.		436		54,089
				377,768
RETAILING – 2.8%
Amazon.com, Inc. (a)		1,573		132,157
Lithia Motors, Inc.		195		39,843
				172,000
CONSUMER DURABLES & APPAREL – 1.0%
Carter's, Inc.		846		63,142
CONSUMER SERVICES – 0.4%
Booking Holdings, Inc. (a)		11		22,853
				635,763
COMMUNICATION SERVICES – 7.5%
MEDIA & ENTERTAINMENT  – 7.5%
Alphabet, Inc., Class A (a)		2,598		229,221
Charter Communications, Inc., Class A (a)		274		92,846
Comcast Corp., Class A		1,760		61,551
Warner Music Group Corp., Class A		1,231		43,121
Warner Bros Discovery, Inc. (a)		3,861		36,598
				463,337
INFORMATION TECHNOLOGY – 5.9%
SOFTWARE & SERVICES – 3.6%
Fiserv, Inc. (a)		1,094		110,591
Oracle Corp.		808		66,038
Workday, Inc., Class A (a)		243		40,627
				217,256
TECHNOLOGY HARDWARE & EQUIPMENT – 2.3%
TE Connectivity, Ltd.		1,244		142,797
				360,053
INDUSTRIALS – 5.7%
CAPITAL GOODS – 4.8%
Carlisle Cos., Inc.		520		122,433
Parker-Hannifin Corp.		321		93,382
Masco Corp.		1,323		61,739
Howmet Aerospace, Inc.		371		14,613
				292,167
COMMERCIAL & PROFESSIONAL SERVICES   – 0.9%
KAR Auction Services, Inc. (a)		2,562		33,429
ABM Industries, Inc.		544		24,169
				57,598
				349,765
MATERIALS – 4.2%
Glencore PLC		28,371		189,467
Sealed Air Corp.		678		33,824
Arconic Corp. (a)		1,545		32,687
				255,978
ENERGY – 3.6%
PDC Energy, Inc.		1,749		111,028
EOG Resources, Inc.		487		63,024
ChampionX Corp.		994		28,827
Nov, Inc.		940		19,641
				222,520
HEALTH CARE – 3.6%
HEALTH CARE EQUIPMENT & SERVICES – 3.6%
HCA Healthcare, Inc.		714		171,379
LivaNova PLC (a)		881		48,928
				220,307
REAL ESTATE – 1.3%
The Howard Hughes Corp. (a)		1,028		78,579
CONSUMER STAPLES – 0.4%
FOOD, BEVERAGE & TOBACCO – 0.4%
Keurig Dr Pepper, Inc.		712		25,383
TOTAL COMMON STOCKS – 58.1%
(Cost $2,547,398)				3,563,635
PREFERRED STOCKS – 0.1%
COMMUNICATION SERVICES – 0.1%
Liberty Broadband Corp. (b), 7.00%		224		5,217
TOTAL PREFERRED STOCKS – 0.1%
(Cost $6,229)				5,217

OAKMARK FUNDS

Oakmark Equity and Income Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 36.6%
CORPORATE BONDS – 19.5%
FINANCIALS – 5.3%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
2.45%, due 10/29/26	$	19,000	$	16,614
3.40%, due 10/29/33		15,500		11,752
Ally Financial, Inc.
4.70%(5 year Treasury Constant Maturity Rate + 3.868%) (b) (c)		23,750		15,883
3.875%, due 05/21/24		7,950		7,739
2.20%, due 11/02/28		8,750		6,822
4.70%(7 year Treasury Constant Maturity Rate + 3.481%) (b) (c)		2,000		1,253
Apollo Commercial Real Estate Finance, Inc. REIT, 144A
4.625%, due 06/15/29 (d)		20,373		16,306
Bank Of America Corp.
2.551% (SOFR + 1.050%), due 02/04/28 (c)		13,575		12,057
Bank of America Corp.
4.45%, due 03/03/26		5,000		4,899
Blackstone Mortgage Trust, Inc. REIT, 144A
3.75%, due 01/15/27 (d)		27,500		23,647
Citigroup, Inc.
3.40%, due 05/01/26		15,000		14,217
3.352%(3 mo. USD LIBOR + 0.897%), due 04/24/25 (c)		6,360		6,167
CNO Financial Group, Inc.
5.25%, due 05/30/25		5,895		5,848
Equitable Financial Life Global Funding, 144A
1.70%, due 11/12/26 (d)		15,000		13,126
First Citizens BancShares, Inc.
3.375% (3 mo. Trem SOFR + 2.465%), due 03/15/30 (c)		15,000		14,165
Goldman Sachs Group, Inc.
3.615% (SOFR + 1.846%), due 03/15/28 (c)		14,200		13,227
JPMorgan Chase & Co.
1.47% (SOFR + 0.765%), due 09/22/27 (c)		31,000		26,839
KKR Group Finance Co. XII LLC, 144A
4.85%, due 05/17/32 (d)		9,000		8,403
Pershing Square Holdings, Ltd, 144A
3.25%, due 11/15/30 (d)		14,000		10,900
Reinsurance Group of America, Inc.
3.15%, due 06/15/30		6,900		5,861
3.95%, due 09/15/26		4,905		4,734
RGA Global Funding, 144A
2.00%, due 11/30/26 (d)		3,995		3,535
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc., 144A
4.00%, due 10/15/33 (d)		7,075		5,284
Stifel Financial Corp.
4.00%, due 05/15/30		12,242		10,618
SVB Financial Group
2.10%, due 05/15/28		21,500		17,776
4.25%(5 year Treasury Constant Maturity Rate + 3.074%) (b) (c)		26,750		17,549
4.00%(5 year Treasury Constant Maturity Rate + 3.202%) (b) (c)		5,000		3,300
The Goldman Sachs Group, Inc.
1.948%(SOFR + 0.913%), due 10/21/27 (c)		13,500		11,804
3.20%, due 02/23/23		7,000		6,982
Wells Fargo & Co.
2.393% (SOFR + 2.100%), due 06/02/28 (c)		11,000		9,709
				327,016
INDUSTRIALS – 4.5%
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons, LP / Albertsons LLC, 144A
3.50%, due 02/15/23 (d)		12,470		12,392
AutoNation, Inc.
3.85%, due 03/01/32		9,250		7,383
Bacardi, Ltd., 144A
4.45%, due 05/15/25 (d)		4,900		4,754
BAT Capital Corp.
3.557%, due 08/15/27		6,965		6,363
2.259%, due 03/25/28		2,975		2,469
BAT International Finance PLC
1.668%, due 03/25/26		4,460		3,952
Carlisle Cos., Inc.
2.20%, due 03/01/32		21,055		15,995
Carrier Global Corp.
2.242%, due 02/15/25		691		651
Delta Air Lines, Inc. / SkyMiles IP, Ltd, 144A
4.75%, due 10/20/28 (d)		18,081		16,996
Fedex Corp. Pass Through Trust
1.875%, due 08/20/35		9,205		7,544
Fortune Brands Home & Security, Inc.
4.00%, due 06/15/25		13,430		13,069
Fortune Brands Innovations, Inc.
4.00%, due 09/21/23		9,945		9,874
GXO Logistics, Inc.
1.65%, due 07/15/26		6,750		5,779
Hilton Domestic Operating Co., Inc., 144A
4.00%, due 05/01/31 (d)		19,250		16,105
3.625%, due 02/15/32 (d)		18,500		14,815
3.75%, due 05/01/29 (d)		9,000		7,785
Howmet Aerospace, Inc.
3.00%, due 01/15/29		25,500		21,675
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 144A
5.75%, due 04/01/33 (d)		5,000		4,769
Lennox International, Inc.
1.35%, due 08/01/25		2,000		1,810
MIWD Holdco II LLC / MIWD Finance Corp.,144A
5.50%, due 02/01/30 (d)		8,000		6,369
The Boeing Co.
2.70%, due 02/01/27		27,247		24,595
3.625%, due 02/01/31		12,675		11,105

Oakmark.com

Oakmark Equity and Income Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

		Par Value		Value
FIXED INCOME – 36.6%  (cont.)
CORPORATE BONDS – 19.5%  (cont.)
INDUSTRIALS – 4.5%  (cont.)
Uber Technologies, Inc., 144A
8.00%, due 11/01/26 (d)	$	13,000	$	13,045
7.50%, due 05/15/25 (d)		7,940		7,934
7.50%, due 09/15/27 (d)		4,470		4,473
4.50%, due 08/15/29 (d)		4,710		4,104
US Foods, Inc., 144A
4.75%, due 02/15/29 (d)		5,430		4,821
Viterra Finance BV, 144A
5.25%, due 04/21/32 (d)		19,750		17,348
2.00%, due 04/21/26 (d)		11,400		9,886
				277,860
CONSUMER DISCRETIONARY – 3.4%
Aramark Services, Inc., 144A
6.375%, due 05/01/25 (d)		9,900		9,778
AutoNation, Inc.
1.95%, due 08/01/28		4,940		3,939
Booking Holdings, Inc.
3.55%, due 03/15/28		9,950		9,273
4.625%, due 04/13/30		4,950		4,781
Brunswick Corp.
2.40%, due 08/18/31		35,813		26,330
CCO Holdings LLC / CCO Holdings Capital Corp., 144A
4.75%, due 03/01/30 (d)		2,980		2,570
5.125%, due 05/01/27 (d)		250		233
Charter Communications Operating LLC / Charter Communications Operating Capital
4.20%, due 03/15/28		9,950		9,145
Daimler Trucks Finance North America LLC, 144A
2.50%, due 12/14/31 (d)		3,750		2,906
Dick's Sporting Goods, Inc.
3.15%, due 01/15/32		20,000		15,610
Expedia Group, Inc.
4.625%, due 08/01/27		18,526		17,773
3.25%, due 02/15/30		5,860		4,971
5.00%, due 02/15/26		4,334		4,277
International Game Technology PLC, 144A
6.50%, due 02/15/25 (d)		6,213		6,251
6.25%, due 01/15/27 (d)		200		198
Lear Corp.
2.60%, due 01/15/32		8,910		6,703
Lithia Motors, Inc., 144A
3.875%, due 06/01/29 (d)		8,540		7,021
4.625%, due 12/15/27 (d)		2,980		2,688
M/I Homes, Inc.
3.95%, due 02/15/30		7,100		5,733
Marriott International, Inc.
2.75%, due 10/15/33		13,750		10,490
4.625%, due 06/15/30		9,400		8,771
MGM Resorts International
4.75%, due 10/15/28		13,875		12,111
6.75%, due 05/01/25		9,850		9,901
Newell Brands, Inc.
6.625%, due 09/15/29		9,300		9,192
Thor Industries, Inc., 144A
4.00%, due 10/15/29 (d)		19,500		15,311
				205,956
ENERGY – 1.4%
Boardwalk Pipelines LP
3.60%, due 09/01/32		3,798		3,143
Chesapeake Energy Corp., 144A
5.875%, due 02/01/29 (d)		14,525		13,762
Florida Gas Transmission Co. LLC, 144A
2.30%, due 10/01/31 (d)		14,750		11,260
Hess Midstream Operations LP, 144A
4.25%, due 02/15/30 (d)		20,000		17,098
NOV, Inc.
3.60%, due 12/01/29		14,835		13,039
Parsley Energy LLC / Parsley Finance Corp., 144A
4.125%, due 02/15/28 (d)		20,576		18,896
PDC Energy, Inc.
5.75%, due 05/15/26		2,500		2,386
Vine Energy Holdings LLC, 144A
6.75%, due 04/15/29 (d)		8,000		7,789
				87,373
COMMUNICATION SERVICES – 1.3%
Charter Communications Operating LLC / Charter Communications Operating Capital
2.30%, due 02/01/32		8,665		6,382
4.908%, due 07/23/25		2,985		2,926
Meta Platforms, Inc.
3.85%, due 08/15/32		10,000		8,799
Netflix, Inc.
4.875%, due 04/15/28		33,740		32,579
5.875%, due 02/15/25		11,940		12,091
5.875%, due 11/15/28		6,965		7,059
Netflix, Inc., 144A
5.375%, due 11/15/29 (d)		4,970		4,821
Warnermedia Holdings, Inc., 144A
4.054%, due 03/15/29 (d)		3,750		3,244
				77,901
REAL ESTATE – 1.0%
CBRE Services, Inc.
2.50%, due 04/01/31		10,750		8,473
GLP Capital, LP / GLP Financing II, Inc. REIT
5.375%, due 11/01/23		12,000		11,958
4.00%, due 01/15/31		9,425		8,085
5.25%, due 06/01/25		4,975		4,891
5.75%, due 06/01/28		4,975		4,878
5.375%, due 04/15/26		3,925		3,851
Omega Healthcare Investors, Inc. REIT
4.375%, due 08/01/23		3,098		3,080
5.25%, due 01/15/26		1,257		1,231

OAKMARK FUNDS

Oakmark Equity and Income Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

		Par Value		Value
FIXED INCOME – 36.6%  (cont.)
CORPORATE BONDS – 19.5%  (cont.)
REAL ESTATE – 1.0%  (cont.)
RHP Hotel Properties, LP / RHP Finance Corp. REIT, 144A
4.50%, due 02/15/29 (d)	$	10,875	$	9,381
The Howard Hughes Corp., 144A
4.375%, due 02/01/31 (d)		6,500		5,259
5.375%, due 08/01/28 (d)		3,400		3,062
				64,149
HEALTH CARE – 0.9%
Embecta Corp., 144A
5.00%, due 02/15/30 (d)		6,602		5,587
GE Healthcare Holding, Inc., 144A
5.60%, due 11/15/25 (d)		3,000		3,019
GE HealthCare Technologies, Inc., 144A
5.65%, due 11/15/27 (d)		5,750		5,817
5.857%, due 03/15/30 (d)		2,000		2,047
Regeneron Pharmaceuticals, Inc.
1.75%, due 09/15/30		20,959		16,188
Universal Health Services, Inc.
1.65%, due 09/01/26		7,750		6,641
Zimmer Biomet Holdings, Inc.
2.60%, due 11/24/31		21,850		17,701
				57,000
MATERIALS – 0.6%
Anglo American Capital PLC, 144A
2.25%, due 03/17/28 (d)		18,750		15,768
3.875%, due 03/16/29 (d)		1,000		898
Glencore Funding LLC, 144A
2.625%, due 09/23/31 (d)		10,000		7,966
3.875%, due 10/27/27 (d)		4,950		4,621
Novelis Corp., 144A
3.875%, due 08/15/31 (d)		9,681		7,903
				37,156
CONSUMER STAPLES – 0.5%
Altria Group, Inc.
2.45%, due 02/04/32		30,400		22,933
Imperial Brands Finance PLC, 144A
6.125%, due 07/27/27 (d)		4,000		3,981
Smithfield Foods, Inc., 144A
4.25%, due 02/01/27 (d)		995		916
				27,830
INFORMATION TECHNOLOGY – 0.4%
Apple, Inc.
2.65%, due 02/08/51		6,000		3,957
Broadcom Corp. / Broadcom Cayman Finance, Ltd.
3.50%, due 01/15/28		4,975		4,526
Broadcom, Inc., 144A
3.469%, due 04/15/34 (d)		9,955		7,941
Dell International LLC / EMC Corp.
5.45%, due 06/15/23		3,927		3,929
Gen Digital, Inc., 144A	��
5.00%, due 04/15/25 (d)		1,000		973
Micron Technology, Inc.
2.703%, due 04/15/32		3,500		2,617
NXP BV / NXP Funding LLC / NXP USA, Inc.
2.50%, due 05/11/31		3,750		2,987
				26,930
UTILITIES – 0.2%
The Southern Co.
3.75% (5 year Treasury Constant Maturity Rate + 2.915%), due 09/15/51 (c)		13,750		11,103
Total Corporate Bonds
(Cost $1,369,943)				1,200,274
GOVERNMENT AND AGENCY SECURITIES – 10.8%
U.S. GOVERNMENT NOTES – 10.8%
United States Treasury Notes
3.125%, due 08/15/25		300,000		291,258
2.00%, due 04/30/24		100,000		96,485
2.875%, due 05/15/32		100,000		92,156
2.75%, due 08/15/42		90,000		72,362
2.25%, due 11/15/24		75,000		72,032
3.00%, due 08/15/52		45,000		37,076
				661,369
Total Government and Agency Securities
(Cost $692,684)				661,369
COLLATERALIZED MORTGAGE OBLIGATIONS – 3.0%
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-147-Class A2
3.00%, due 06/25/32 (c)		40,000		35,385
Benchmark Mortgage Trust, Series 2022-B35-Class A5
4.445%, due 05/15/55 (c)		25,000		23,888
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates, Series K-148-Class A2
3.50%, due 07/25/32 (c)		20,000		18,431
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA5-Class M1A, 144A
6.878% (SOFR30A + 2.950%), due 06/25/42 (c) (d)		17,735		17,943
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA6- Class M1A, 144A
6.078% (SOFR30A + 2.150%), due 09/25/42 (c) (d)		14,897		14,906
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-1522-Class A2
2.361%, due 10/25/36		14,500		10,977

Oakmark.com

Oakmark Equity and Income Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

		Par Value		Value
FIXED INCOME – 36.6%  (cont.)
COLLATERALIZED MORTGAGE OBLIGATIONS – 3.0%  (cont.)
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA1-Class M1A, 144A
4.928% (SOFR30A + 1.000%), due 01/25/42 (c) (d)	$	8,869	$	8,641
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-145-Class A2
2.58%, due 05/25/32		10,000		8,536
JP Morgan Mortgage Trust, Series 2021-10-Class B1, 144A
2.811%, due 12/25/51 (c) (d)		10,297		7,567
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-143-Class A2
2.35%, due 03/25/32		9,000		7,545
Federal National Mortgage Association Connecticut Avenue Securities, Series 2022-R06-Class 1M1, 144A
6.678% (SOFR30A + 2.750%), due 05/25/42 (c) (d)		6,895		6,981
Bank, Series 2022-BNK40-Class A4
3.394%, due 03/15/64 (c)		6,400		5,624
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA3-Class M1A, 144A
5.928% (SOFR30A + 2.000%), due 04/25/42 (c) (d)		4,153		4,133
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-1521-Class A2
2.184%, due 08/25/36		5,000		3,725
JP Morgan Mortgage Trust, Series 2022-6-Class B1, 144A
3.309%, due 11/25/52 (c) (d)		4,736		3,620
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-1517-Class A2
1.716%, due 07/25/35		4,000		2,901
Bank, Series 2022-BNK40-Class AS
3.394%, due 03/15/64 (c)		3,500		2,895
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS – 3.0%
(Cost $193,430)				183,698
ASSET BACKED SECURITIES – 2.0%
Santander Drive Auto Receivables Trust, Series 2022-3-Class C,
4.49%, due 08/15/29		20,250		19,604
Hyundai Auto Receivables Trust,
5.39%, due 06/15/27		14,500		14,649
Ally Auto Receivables Trust,
5.07%, due 04/15/27		13,250		13,296
GreatAmerica Leasing Receivables Funding LLC, Series 2022-1-Class A4, 144A,
5.35%, due 07/16/29 (d)		10,000		9,973
GreatAmerica Leasing Receivables Funding LLC, Series 2022-1-Class B, 144A,
5.74%, due 07/16/29 (d)		9,500		9,475
GreatAmerica Leasing Receivables Funding LLC, Series 2022-1-Class C, 144A,
5.98%, due 07/15/30 (d)		7,250		7,230
Ford Credit Auto Owner Trust, Series 2022-C-Class C,
5.22%, due 03/15/30		6,000		5,935
LAD Auto Receivables Trust, Series 2022-1A-Class A, 144A,
5.21%, due 06/15/27 (d)		5,983		5,887
Santander Drive Auto Receivables Trust, Series 2022-5-Class C,
4.74%, due 10/16/28		5,750		5,558
Hpefs Equipment Trust, Series 2022-3A-Class-C, 144A,
6.13%, due 08/20/29 (c) (d)		5,500		5,518
Ford Credit Auto Owner Trust, Series 2022-D-Class C,
6.46%, due 05/15/30 (c)		5,300		5,333
GM Financial Consumer Automobile Receivables Trust, Series 2022-3-Class B,
4.42%, due 02/16/28		5,030		4,879
CCG Receivables Trust, Series 2022-1-Class B, 144A,
4.42%, due 07/16/29 (d)		5,000		4,848
GM Financial Consumer Automobile Receivables Trust, Series 2022-3-Class C,
4.72%, due 03/16/28		5,000		4,830
Carvana Auto Receivables Trust, Series 2021-N3-Class C,
1.02%, due 06/12/28		4,369		4,223
CCG Receivables Trust, Series 2022-1-Class C, 144A,
4.67%, due 07/16/29 (d)		3,000		2,911
Sierra Timeshare Receivables Funding LLC, Series 2022-2A-Class C, 144A,
6.36%, due 06/20/40 (d)		1,516		1,476
Total Asset Backed Securities
(Cost $127,168)				125,625
BANK LOANS – 1.3%(e)
INDUSTRIALS – 0.4%
Skymiles IP, Ltd. 2020 Term Loan B
7.993% (3 mo. USD LIBOR + 3.750%), due 10/20/27 (c)		14,000		14,252
Naked Juice LLC Term Loan
7.93% (3 mo. SOFR + 3.250%), due 01/24/29 (c)		995		887

OAKMARK FUNDS

Oakmark Equity and Income Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 36.6%  (cont.)
BANK LOANS – 1.3%(e)   (cont.)
INDUSTRIALS – 0.4%  (cont.)
Uber Technologies, Inc. 2021 Term Loan B
8.235% (3 mo. USD LIBOR + 3.500%), due 02/25/27 (c)	$	7,968	$	7,947
				23,086
HEALTH CARE – 0.4%
Medline Borrower, LP USD Term Loan B
7.634% (1 mo. USD LIBOR + 3.250%), due 10/23/28 (c)		22,465		21,319
ENERGY – 0.3%
Championx Corp. 2022 Term Loan B1
7.567% (1 mo. SOFR + 3.250%), due 06/07/29 (c)		16,459		16,356
MATERIALS – 0.2%
Asplundh Tree Expert LLC 2021 Term Loan B
6.134% (1 mo. USD LIBOR + 1.750%), due 09/07/27 (c)		13,724		13,701
FINANCIALS – 0.0%(f)
Allspring Buyer LLC Term Loan B
7.75% (3 mo. USD LIBOR + 3.000%), due 11/01/28 (c)		2,641		2,601
CONSUMER DISCRETIONARY – 0.0%(f)
Rent A Center, Inc. 2021 First Lien Term Loan B
7.688% (3 mo. USD LIBOR + 3.250%), due 02/17/28 (c)		983		944
Total Bank Loans
(Cost $79,175)				78,007
TOTAL FIXED INCOME – 36.6%
(Cost $2,462,400)				2,248,973
SHORT-TERM INVESTMENTS – 4.2%
REPURCHASE AGREEMENT – 3.2%
Fixed Income Clearing Corp. Repurchase Agreement, 4.26% dated 12/30/22 due 01/03/23, Repurchase price $196,486, collateralized by United States Treasury Notes, 0.000% - 1.375% due 09/30/23 - 12/28/23, aggregate value plus accrued interest of $200,321  (Cost: $196,393)		196,393		196,393
COMMERCIAL PAPER – 1.0%
Walgreens Boots Alliance, Inc.,
144A,  4.81% - 4.99%, due 01/06/23 - 01/23/23 (d) (g)		44,500		44,410
American Honda Finance Corp.,
4.59%, due 01/05/23 (g)		15,000		14,989
Total Commercial Paper
(Cost $59,412)				59,399
TOTAL SHORT-TERM INVESTMENTS – 4.2%
(Cost $255,805)				255,792
TOTAL INVESTMENTS – 99.0%
(Cost $5,271,832)				6,073,617
Foreign Currencies – 0.0%(f)				0	(h)
Other Assets In Excess of Liabilities – 1.0%				64,261
NET ASSETS – 100.0%			$	6,137,878

(a)	Non-income producing security
(b)	Security is perpetual and has no stated maturity date.
(c)	Floating Rate Note. Rate shown is as of December 31, 2022.
(d)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers.
(e)	Bank loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown.
(f)	Amount rounds to less than 0.1%.
(g)	The rate shown represents the annualized yield at the time of purchase; not a coupon rate.
(h)	Amount rounds to less than $1,000.
Abbreviations:
	LIBOR: London Inter-Bank Offered Rate
	REIT: Real Estate Investment Trust
	SOFR: Secured Overnight Financing Rate

Oakmark.com

Oakmark Bond Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Shares		Value
PREFERRED STOCKS – 0.8%
COMMUNICATION SERVICES – 0.8%
Liberty Broadband Corp. (a), 7.00%		31	$	714
TOTAL PREFERRED STOCKS – 0.8%
(Cost $821)				714
	Par Value		Value
FIXED INCOME – 96.4%
CORPORATE BONDS – 43.5%
INDUSTRIALS – 8.0%
AutoNation, Inc.
3.85%, due 03/01/32	$	500		399
BAT Capital Corp.
2.259%, due 03/25/28		1,000		830
Delta Air Lines, Inc. / SkyMiles IP, Ltd, 144A
4.75%, due 10/20/28 (b)		750		705
Hilton Domestic Operating Co., Inc., 144A
3.625%, due 02/15/32 (b)		1,000		801
Howmet Aerospace, Inc.
3.00%, due 01/15/29		600		510
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc., 144A
5.75%, due 04/01/33 (b)		500		477
MIWD Holdco II LLC / MIWD Finance Corp.,144A
5.50%, due 02/01/30 (b)		500		398
The Boeing Co.
2.70%, due 02/01/27		500		451
3.625%, due 02/01/31		200		175
Uber Technologies, Inc., 144A
4.50%, due 08/15/29 (b)		1,100		958
US Foods, Inc., 144A
4.75%, due 02/15/29 (b)		370		329
Viterra Finance BV, 144A
2.00%, due 04/21/26 (b)		1,000		867
5.25%, due 04/21/32 (b)		250		220
				7,120
FINANCIALS – 8.0%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
2.45%, due 10/29/26		500		437
3.40%, due 10/29/33		500		379
Ally Financial, Inc.
4.70%(7 year Treasury Constant Maturity Rate + 3.481%) (a) (c)		1,000		626
2.20%, due 11/02/28		500		390
Apollo Commercial Real Estate Finance, Inc. REIT, 144A
4.625%, due 06/15/29 (b)		750		600
Blackstone Mortgage Trust, Inc. REIT, 144A
3.75%, due 01/15/27 (b)		1,000		860
Goldman Sachs Group, Inc.
3.615% (SOFR + 1.846%), due 03/15/28 (c)		500		466
KKR Group Finance Co. XII LLC, 144A
4.85%, due 05/17/32 (b)		1,000		934
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc., 144A
3.875%, due 03/01/31 (b)		500		382
4.00%, due 10/15/33 (b)		250		187
Signature Bank/New York NY
4.00% (AMERIBOR + 3.890%), due 10/15/30 (c)		1,000		913
SVB Financial Group
4.25%(5 year Treasury Constant Maturity Rate + 3.074%) (a) (c)		1,150		754
4.00%(5 year Treasury Constant Maturity Rate + 3.202%) (a) (c)		250		165
				7,093
ENERGY – 7.1%
Boardwalk Pipelines LP
3.60%, due 09/01/32		1,000		827
Chesapeake Energy Corp., 144A
5.875%, due 02/01/29 (b)		1,117		1,058
Energy Transfer, LP
4.15%, due 09/15/29		500		452
EQT Corp.
5.70%, due 04/01/28		1,000		995
Hess Midstream Operations LP, 144A
4.25%, due 02/15/30 (b)		750		641
NOV, Inc.
3.60%, due 12/01/29		500		439
Oceaneering International, Inc.
6.00%, due 02/01/28		500		461
Parsley Energy LLC / Parsley Finance Corp., 144A
4.125%, due 02/15/28 (b)		1,500		1,378
PDC Energy, Inc.
5.75%, due 05/15/26		125		119
				6,370
CONSUMER DISCRETIONARY – 5.3%
Brunswick Corp.
2.40%, due 08/18/31		1,100		809
Daimler Trucks Finance North America LLC, 144A
2.375%, due 12/14/28 (b)		1,000		840
Dick's Sporting Goods, Inc.
3.15%, due 01/15/32		500		390
Lithia Motors, Inc., 144A
4.375%, due 01/15/31 (b)		500		407
M/I Homes, Inc.
3.95%, due 02/15/30		500		404
Marriott International, Inc.
2.75%, due 10/15/33		1,000		763
Newell Brands, Inc.
6.625%, due 09/15/29		700		692
Thor Industries, Inc., 144A
4.00%, due 10/15/29 (b)		500		392
				4,697
HEALTH CARE – 4.0%
Embecta Corp., 144A
5.00%, due 02/15/30 (b)		330		279

OAKMARK FUNDS

Oakmark Bond Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 96.4%  (cont.)
CORPORATE BONDS – 43.5%  (cont.)
HEALTH CARE – 4.0%  (cont.)
GE HealthCare Technologies, Inc., 144A
5.65%, due 11/15/27 (b)	$	1,000	$	1,012
HCA, Inc.
3.50%, due 09/01/30		500		431
Regeneron Pharmaceuticals, Inc.
1.75%, due 09/15/30		500		386
Tenet Healthcare Corp.
6.875%, due 11/15/31		750		676
Zimmer Biomet Holdings, Inc.
2.60%, due 11/24/31		1,000		810
				3,594
MATERIALS – 3.0%
Anglo American Capital PLC, 144A
3.875%, due 03/16/29 (b)		1,000		898
ArcelorMittal SA
6.55%, due 11/29/27		1,000		1,005
Glencore Funding LLC, 144A
2.625%, due 09/23/31 (b)		1,000		796
				2,699
REAL ESTATE – 2.3%
CBRE Services, Inc.
2.50%, due 04/01/31		1,000		788
GLP Capital, LP / GLP Financing II, Inc. REIT
4.00%, due 01/15/31		500		429
Sun Communities Operating, LP REIT
2.70%, due 07/15/31		1,000		789
				2,006
COMMUNICATION SERVICES – 2.2%
Charter Communications Operating LLC / Charter Communications Operating Capital
2.30%, due 02/01/32		270		199
Netflix, Inc., 144A
4.875%, due 06/15/30 (b)		1,000		933
Warnermedia Holdings, Inc., 144A
4.054%, due 03/15/29 (b)		1,000		865
				1,997
CONSUMER STAPLES – 1.9%
Altria Group, Inc.
2.45%, due 02/04/32		1,250		943
Imperial Brands Finance PLC, 144A
6.125%, due 07/27/27 (b)		750		746
				1,689
UTILITIES – 0.9%
The Southern Co.
3.75% (5 year Treasury Constant Maturity Rate + 2.915%), due 09/15/51 (c)		1,000		808
INFORMATION TECHNOLOGY – 0.8%
Micron Technology, Inc.
2.703%, due 04/15/32		1,000		748
Total Corporate Bonds
(Cost $44,819)				38,821
GOVERNMENT AND AGENCY SECURITIES – 21.0%
U.S. GOVERNMENT NOTES – 21.0%
United States Treasury Notes
0.875%, due 09/30/26		5,000		4,440
3.00%, due 08/15/52		2,500		2,060
4.50%, due 11/30/24		2,000		2,000
3.125%, due 08/31/27		2,000		1,924
3.125%, due 08/31/29		2,000		1,899
1.25%, due 06/30/28		2,000		1,729
2.875%, due 05/15/32		1,500		1,382
2.75%, due 02/15/28		1,000		940
1.875%, due 11/15/51		1,250		792
2.50%, due 03/31/27		500		469
3.375%, due 08/15/42		500		447
2.00%, due 11/15/41		500		357
2.00%, due 08/15/51		500		327
				18,766
Total Government and Agency Securities
(Cost $20,530)				18,766
COLLATERALIZED MORTGAGE OBLIGATIONS – 12.5%
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-157-Class A2
3.99%, due 05/25/33		3,325		3,214
Bank, Series 2022-BNK40-Class A4
3.394%, due 03/15/64		3,600		3,163
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA5-Class M2, 144A
10.678% (SOFR30A + 6.750%), due 06/25/42 (b) (c)		1,000		1,045
Federal Home Loan Mortgage Corporation Multifamily Structured Pass Through Certificates, Series K-072-Class A2
3.444%, due 12/25/27		750		717
JP Morgan Mortgage Trust, Series 2022-3-Class B1, 144A
3.116%, due 08/25/52 (b)		984		717
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA3-Class M2, 144A
8.278% (SOFR30A + 4.350%), due 04/25/42 (b) (c)		500		480
JP Morgan Mortgage Trust, Series 2022-8-Class B2, 144A
4.675%, due 01/25/53 (b)		607		477
Federal Home Loan Mortgage Corporation STACR REMIC Trust, Series 2022-DNA3-Class M1A, 144A
5.928% (SOFR30A + 2.000%), due 04/25/42 (b) (c)		418		416

Oakmark.com

Oakmark Bond Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

	Par Value		Value
FIXED INCOME – 96.4%  (cont.)
COLLATERALIZED MORTGAGE OBLIGATIONS – 12.5%  (cont.)
JP Morgan Mortgage Trust, Series 2020-5-Class B1, 144A
3.584%, due 12/25/50 (b)	$	474	$	381
JP Morgan Mortgage Trust, Series 2016-3-Class B1, 144A
3.282%, due 10/25/46 (b)		274		247
JP Morgan Mortgage Trust, Series 2016-3-Class B2, 144A
3.282%, due 10/25/46 (b)		186		168
JP Morgan Mortgage Trust, Series 2016-3-Class B3, 144A
3.282%, due 10/25/46 (b)		111		99
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS – 12.5%
(Cost $11,823)				11,124
ASSET BACKED SECURITIES – 11.7%
Santander Drive Auto Receivables Trust, Series 2022-5-Class A3,
4.11%, due 08/17/26		2,000		1,963
Capital One Prime Auto Receivables Trust, Series 2022-1-Class A4,
3.32%, due 09/15/27		2,000		1,918
Hpefs Equipment Trust, Series 2022-3A-Class-C, 144A,
6.13%, due 08/20/29 (b)		1,000		1,003
Ford Credit Auto Owner Trust, Series 2022-C-Class C,
5.22%, due 03/15/30		1,000		989
Carvana Auto Receivables Trust, Series 2022-P1-Class D,
4.80%, due 01/10/29		1,000		873
Sierra Timeshare Receivables Funding LLC, Series 2022-1A-Class C, 144A,
3.94%, due 10/20/38 (b)		626		589
Sierra Timeshare Receivables Funding LLC, Series 2022-2A-Class D, 144A,
9.22%, due 06/20/40 (b)		569		553
GreatAmerica Leasing Receivables Funding LLC, Series 2022-1-Class B, 144A,
5.74%, due 07/16/29 (b)		500		499
GreatAmerica Leasing Receivables Funding LLC, Series 2022-1-Class C, 144A,
5.98%, due 07/15/30 (b)		500		499
Santander Drive Auto Receivables Trust, Series 2022-5-Class C,
4.74%, due 10/16/28		500		483
CarMax Auto Owner Trust , Series 2022-2-Class D,
4.75%, due 10/16/28		500		471
Carvana Auto Receivables Trust, Series 2022-N1-Class D, 144A,
4.13%, due 12/11/28 (b)		500		471
Hyundai Auto Receivables Trust, Series 2022-C-Class A3,
5.39%, due 06/15/27		160		162
Total Asset Backed Securities
(Cost $10,845)				10,473
BANK LOANS – 7.7%(d)
INDUSTRIALS – 2.1%
Naked Juice LLC Term Loan
7.93% (3 mo. SOFR + 3.250%), due 01/24/29 (c)		995		888
Skymiles IP, Ltd. 2020 Term Loan B
7.993% (3 mo. USD LIBOR + 3.750%), due 10/20/27 (c)		1,000		1,018
				1,906
FINANCIALS – 2.1%
Allspring Buyer LLC Term Loan B
7.75% (3 mo. USD LIBOR + 3.000%), due 11/01/28 (c)		880		867
Citadel Securities LP 2022 Incremental Term Loan B
7.201% (1 mo. SOFR + 3.000%), due 02/02/28 (c)		998		985
				1,852
HEALTH CARE – 1.4%
Owens & Minor, Inc. 2022 Term Loan B
8.173% -8.541% (1 mo. SOFR + 3.750%), due 03/29/29 (c)		497		497
Medline Borrower, LP USD Term Loan B
7.634% (1 mo. USD LIBOR + 3.250%), due 10/23/28 (c)		746		708
ENERGY – 1.1%
Championx Corp. 2022 Term Loan B1
7.567% (1 mo. SOFR + 3.250%), due 06/07/29 (c)		998		991
CONSUMER DISCRETIONARY – 1.0%
Carrols Restaurant Group, Inc. Term Loan B
7.673% (3 mo. USD LIBOR + 3.250%), due 04/30/26 (c)		994		872
Total Bank Loans
(Cost $6,949)				6,826
TOTAL FIXED INCOME – 96.4%
(Cost $94,966)				86,010
SHORT-TERM INVESTMENTS – 3.2%
REPURCHASE AGREEMENT – 3.2%
Fixed Income Clearing Corp. Repurchase Agreement, 4.26% dated 12/30/22 due 01/03/23, Repurchase price $2,809, collateralized by United States Treasury Notes, 0.375% - 1.750% due 01/31/23 - 07/15/23, aggregate value plus accrued interest of $2,863  (Cost: $2,807)		2,807		2,807
TOTAL SHORT-TERM INVESTMENTS – 3.2%
(Cost $2,807)				2,807

OAKMARK FUNDS

Oakmark Bond Fund	December 31, 2022 (Unaudited)
Schedule of Investments (in thousands)

TOTAL INVESTMENTS – 100.4% (Cost $98,594)		89,531
Liabilities In Excess of Other Assets – (0.4)%		(340	)
NET ASSETS – 100.0%	$	89,191

(a)	Security is perpetual and has no stated maturity date.
(b)	Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold, normally only to qualified institutional buyers.
(c)	Floating Rate Note. Rate shown is as of December 31, 2022.
(d)	Bank loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of bank loans may be substantially less than the stated maturities shown.
Abbreviations:
	LIBOR: London Inter-Bank Offered Rate
	REIT: Real Estate Investment Trust
	SOFR: Secured Overnight Financing Rate

Oakmark.com

THE OAKMARK FUNDS

Notes to Schedules of Investments (Unaudited)

1. ORGANIZATION

The following are the significant accounting policies of Oakmark Fund (“Oakmark”), Oakmark Select Fund (“Select”), Oakmark Global Fund (“Global”), Oakmark Global Select Fund (“Global Select”), Oakmark International Fund (“International”), Oakmark International Small Cap Fund (“Int’l Small Cap”), Oakmark Equity and Income Fund (“Equity and Income”), and Oakmark Bond Fund (“Bond”) collectively referred to as the “Funds,” each a series of Harris Associates Investment Trust (the “Trust”), a Massachusetts business trust, organized on February 1, 1991, which is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”) and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 Financial Services— Investment Companies. Each Fund, other than Select and Global Select, is diversified in accordance with the 1940 Act. The following policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”).

2. SIGNIFICANT ACCOUNTING POLICIES

Security valuation

The share price is also called the net asset value (the “NAV”) of a share. The NAV of shares of each class is normally determined by the Funds’ custodian as of the close of regular session trading (usually 4:00 p.m. Eastern time) on the New York Stock Exchange (the “NYSE”) on any day on which the NYSE is open for regular trading. If the NYSE is unexpectedly closed on a day it would normally be open for business, or if the NYSE has an unscheduled early closure, the Funds reserve the right to accept purchase and redemption orders and calculate their share price as of the normally scheduled close of regular trading on the NYSE for that day.

The NYSE is closed on Saturdays and Sundays and on New Year’s Day, the third Mondays in January and February, Good Friday, the last Monday in May, Juneteenth, Independence Day, Labor Day, Thanksgiving, and Christmas. If one of these holidays falls on a Saturday or Sunday, the NYSE will be closed on the preceding Friday or the following Monday, respectively. A Fund’s NAV will not be calculated on days when the NYSE is closed. The NAV of a class of Fund shares is determined by dividing the value of the assets attributable to that class, less liabilities attributable to that class, by the number of outstanding shares of that class.

Trading in securities of non-U.S. issuers takes place in various markets on some days and at times when the NYSE is not open for trading. In addition, securities of non-U.S. issuers may not trade on some days when the NYSE is open for trading. The value of the Funds’ portfolio holdings may change on days when the NYSE is not open for trading and you cannot purchase or redeem Fund shares.

Equity securities principally traded on securities exchanges in the United States are valued at the last sale price or the official closing price as of the time of valuation on that exchange, or lacking a reported sale price on the principal exchange at the time of valuation, at the most recent bid quotation. Each over-the-counter security traded on the NASDAQ National Market System shall be valued at the NASDAQ Official Closing Price (“NOCP”), or lacking a NOCP at the time of valuation, at the most recent bid quotation. Other over-the-counter securities are valued at the last sales prices at the time of valuation or, lacking any reported sales on that day, at the most recent bid quotations.

Each equity security principally traded on a securities exchange outside the United States shall be valued, depending on local convention or regulation, at the last sale price, the last bid or asked price, the mean between the last bid and asked prices, the official closing price, an auction price, or the pricing convention accepted as the official closing price by MSCI for their index calculations. If there are unexpected disruptions in the primary market or valuations from the primary market are deemed suspect, equity securities may be valued based on a pricing composite or valuations from another exchange as of the close of the regular trading hours on the appropriate exchange or other designated time. The market value of exchange-traded securities is determined by using prices provided by one or more independent pricing services, or, as needed, by obtaining market quotations from independent broker-dealers.

Short-term debt instruments (i.e., debt instruments whose maturities or expiration dates at the time of acquisition are one year or less) or money market instruments are valued at the latest bid quotation or an evaluated price from an independent pricing service. If a bid quotation or evaluated price from a pricing vendor is not available for short-term debt instrument or money market instrument maturing in 60 days or less from date of valuation, such instruments are valued at amortized cost, which approximates market value.

All other debt instruments are valued at the latest bid quotation or at an evaluated price provided by an independent pricing service. The pricing service may use standard inputs, such as benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data, including market research publications. For certain security types, additional inputs may be used or some of the standard inputs may not be applicable. Additionally, the pricing service monitors market indicators and industry and economic events, which may serve as a trigger to gather and possibly use additional market data.

Options are valued at the mean of the most recent bid and asked quotations. In the event an option is out-of-the-money and no bid is available, a zero value may be assumed as the bid for purposes of calculating the mean of the most recent bid and ask quotations. In the event that designated pricing vendors are unable to provide valuations or timely valuations for Flexible Exchange ("FLEX") options on a given day, each FLEX option purchased or written may be valued using the Option Valuation ("OVME") function on Bloomberg. The OVME function requires objective inputs (strike price, exercise style and expiration dates) to derive a valuation using Bloomberg’s proprietary calculations. FLEX options shall be valued at the mid of the buy and sell valuations produced by OVME.

If values or prices are not readily available or are deemed unreliable, or if an event that is expected to affect the value of a portfolio security occurs after the close of the primary market or exchange on which that security is traded and before the close of the NYSE, the security will be valued at a fair value determined in good faith in accordance with the Fund's valuation procedures approved by the Board. In December 2020, the Securities and Exchange Commission (“SEC”) adopted Rule 2a-5 under the 1940 Act, which establishes requirements for determining fair value in good faith for purposes of the 1940 Act, including related oversight and reporting requirements. Effective as of September 8, 2022, the Board approved changes to the Funds’ valuation procedures to comply with Rule 2a-5 and designated the Adviser as the Funds’ valuation designee (as defined in the rule). The valuation designee is responsible for determining fair value in good faith for any and all Fund investments, subject to oversight by the Board. The Funds may use a systematic fair valuation model provided by an independent pricing service to value securities of non-U.S. issuers in order to adjust for changes in value that may occur between the close of certain foreign exchanges and the NYSE. All assets and liabilities initially expressed in foreign currencies are converted into U.S. dollars at a current exchange price quoted by an independent pricing service or any major bank or dealer. If such quotations are not available, the rate of exchange will be determined in good faith in accordance with Fund policies and procedures. Although fair valuation may be more commonly used with equity securities of non-U.S. issuers, it also may be used in a range of other circumstances, including thinly-traded domestic securities or fixed-income securities. When fair value pricing is employed, the value of a portfolio security used by a Fund to calculate its NAV may differ from quoted or published prices for the same security.

Fair value measurement

Various inputs are used in determining the value of each Fund’s investments. These inputs are prioritized into three broad levels as follows:

Level 1 – quoted prices in active markets for identical securities

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk and others)

Level 3 – significant unobservable inputs (including the assumptions of the Adviser in determining the fair value of investments)

Observable inputs are those based on market data obtained from independent sources and unobservable inputs reflect the Adviser’s own assumptions based on the best information available. The input levels are not necessarily an indication of risk or liquidity associated with investing in those securities.

The following is a summary of the inputs used as of December 31, 2022, in valuing each Fund’s assets and liabilities. Except for the industries or investment types separately stated below, the total amounts for common stocks, fixed income and short-term investments in the table below are presented by industry or investment type in each Fund’s Schedule of Investments. Information on forward foreign currency contracts is presented in each Fund’s Schedule of Investments.

(in thousands)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Other Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Oakmark
Common Stocks	$	13,825,634		$	0	$	0
Short Term Investments		0			628,276		0
Call Options Written		(24,906	)		0		0
Total	$	13,800,728		$	628,276	$	0
Select
Common Stocks	$	4,078,587		$	0	$	0
Short Term Investments		0			204,953		0
Total	$	4,078,587		$	204,953	$	0
Global
Common Stocks	$	1,124,088		$	0	$	0
Short Term Investments		0			24,001		0
Total	$	1,124,088		$	24,001	$	0
Global Select
Common Stocks	$	955,048		$	0	$	0
Preferred Stocks		41,492			0		0
Short Term Investments		0			28,917		0
Total	$	996,540		$	28,917	$	0
International
Common Stocks	$	17,969,526		$	0	$	0
Preferred Stocks		269,706			0		0
Short Term Investments		0			540,625		0
Total	$	18,239,232		$	540,625	$	0
Int'l Small Cap
Common Stocks	$	1,383,874		$	0	$	0
Short Term Investments		0			51,827		0
Total	$	1,383,874		$	51,827	$	0
Equity and Income
Common Stocks	$	3,563,635		$	0	$	0
Preferred Stocks		5,217			0		0
Corporate Bonds		0			1,200,274		0
Government and Agency Securities		0			661,369		0
Collateralized Mortgage Obligations		0			183,698		0
Asset Backed Securities		0			125,625		0
Bank Loans		0			78,007		0
Short Term Investments		0			255,792		0
Total	$	3,568,852		$	2,504,765	$	0
Bond
Preferred Stocks	$	714		$	0	$	0
Corporate Bonds		0			38,821		0
Government and Agency Securities		0			18,766		0
Collateralized Mortgage Obligations		0			11,124		0
Asset Backed Securities		0			10,473		0
Bank Loans		0			6,826		0
Short Term Investments		0			2,807		0
Total	$	714		$	88,817	$	0

Foreign currency translations

Certain Funds invest in foreign securities, which may involve a number of risk factors and special considerations not present with investments in securities of U.S. corporations. Values of investments and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at current exchange rates obtained by a recognized bank, dealer or independent pricing service on the day of valuation. Purchases and sales of investments and dividend and interest income are converted at the prevailing rate of exchange on the respective dates of such transactions.

Forward foreign currency contracts

Forward foreign currency contracts are agreements to exchange one currency for another at a future date and at a specified price. The Funds’ transactions in forward foreign currency contracts are limited to transaction and portfolio hedging. The contractual amounts of forward foreign currency contracts do not necessarily represent the amounts potentially subject to risk. The measurement of the risks associated with these instruments is meaningful only when all related and offsetting transactions are considered and could exceed the net unrealized value shown in the tables below. Risks arise from the possible inability of counterparties to meet the terms of their contracts and from movements in currency values. Forward foreign currency contracts are valued at the current day’s interpolated foreign exchange rates. Unrealized gain or loss on the contracts, as measured by the difference between the forward foreign exchange rates at the dates of entry into the contracts and the forward rates at the end of the period.

At December 31, 2022, none of the Funds had outstanding forward foreign currency contracts.

Short sales

Each Fund may sell a security it does not own in anticipation of a decline in the fair value of that security. When a Fund sells a security short, it must borrow the security sold short and deliver it to the broker-dealer through which it made the short sale. A gain, limited to the price at which the Fund sold the security short, or loss, unlimited in size, will be recognized upon the termination of the short sale. Each Fund may sell shares of when-issued securities. Typically, a Fund sells when-issued securities when a company announces a spin-off or re-organization, and the post spin-off or post reorganization shares begin trading on a when-issued basis prior to the effective date of the corporate action. A sale of a when-issued security is treated as a short sale for accounting purposes. After the effective date, when shares of the new company are received, any shares sold on a when-issued basis will be delivered to the counterparty. At December 31, 2022, none of the Funds had short sales.

When-issued or delayed-delivery securities

Each Fund may purchase securities on a when-issued or delayed-delivery basis. Although the payment and interest terms of these securities are established at the time a Fund enters into the commitment, the securities may be delivered and paid for a month or more after the date of purchase when their value may have changed. A Fund makes such commitments only with the intention of actually acquiring the securities, but may sell the securities before the settlement date if the Adviser deems it advisable for investment reasons. At December 31, 2022, none of the Funds held when-issued securities.

Accounting for options

When a Fund writes an option, the premium received by the Fund is recorded as a liability and is subsequently adjusted to the current fair value of the option written. Premiums received from writing options that expire are recorded by the Fund on the expiration date as realized gains from option transactions. The difference between the premium and the amount paid on effecting a closing purchase transaction, including brokerage commissions, is also treated as a realized gain, or if the premium is less than the amount paid for the closing purchase transaction, as a realized loss. If a call option is exercised, the premium is added to the proceeds from the sale of the underlying security or currency in determining whether the Fund has realized a gain or a loss. If a put option is exercised, the premium reduces the cost basis of the security or currency purchased by the Fund. In writing an option, the Fund bears the market risk of an unfavorable change in the price of the security or currency underlying the written option. As the writer of a covered call option on a security, a Fund foregoes, during the option's life, the opportunity to profit from increases in the market value of the security covering the call option above the sum of the premium and the exercise price of the call. Exercise of an option written by the Fund could result in the Fund selling or buying a security or currency at a price different from the current fair value. Options written by the Fund do not give rise to counterparty credit risk, as they obligate the Fund, not its counterparties, to perform.

When a Fund purchases an option, the premium paid by the Fund is recorded as an asset and is subsequently adjusted to the current fair value of the option purchased. Purchasing call options tends to increase the Fund’s exposure to the underlying instrument. Purchasing put options tends to decrease the Fund’s exposure to the underlying instrument. Premiums paid for purchasing options that expire are treated as realized losses. Premiums paid for purchasing options that are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying security to determine the realized gain or loss. The risks associated with purchasing put and call options are potential loss of the premium paid and, in the instances of OTC derivatives, the failure of the counterparty to honor its obligation under the contract.

Select used purchased options for tax management and as an investment strategy in an effort to increase the Funds returns during the period ended December 31, 2022. There were no purchased options outstanding at December 31, 2022.

Oakmark and Select used options written for tax management purposes and as an investment strategy in an effort to increase the Funds returns during the period ended December 31, 2022. Written options outstanding, if any, are listed on each Fund's Schedule of Investments.

For the period ended December 31, 2022, the amount of premiums paid (received) for equity options purchased and written are listed by Fund in the table below (in thousands):

	Equity		Equity
	Options		Options
Fund	Purchased		Written
Oakmark	$	0	$	(60,870	)
Select		34,259		(35,226	)

Repurchase agreements

Each Fund may invest in repurchase agreements, which are short-term investments whereby the Fund acquires ownership of a debt security and the seller agrees to repurchase the security at a future date at a specified price.

The Funds’ custodian receives delivery of the underlying securities collateralizing repurchase agreements. It is the Funds’ policy that the value of the collateral be at least equal to 102% of the repurchase price, including interest. The Adviser is responsible for determining that the value of the collateral is at all times at least equal to 102% of the repurchase price, including interest. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty, including possible delays or restrictions upon a Fund’s ability to dispose of the underlying securities. At December 31, 2022, all of the Funds held repurchase agreements.

Security lending

Each Fund may lend its portfolio securities to broker-dealers and banks. Any such loan must be continuously secured by collateral in cash, cash equivalents or U.S. Treasury or agency securities maintained on a current basis in an amount at least equal to the fair value of the securities loaned by a Fund. The Fund would continue to receive the equivalent of the interest or dividends paid by the issuer on the securities loaned and would also receive an additional return that may be in the form of a fixed fee or a percentage of the earnings on the collateral. The Fund has the right to call the loan and attempt to obtain the securities loaned at any time on notice of not more than five business days. In the event of bankruptcy or other default of the borrower, the Fund could experience delays in liquidating the loan collateral or recovering the loaned securities and incur expenses related to enforcing its rights. There could also be a decline in the value of the collateral or in the fair value of the securities loaned while the Fund seeks to enforce its rights thereto and the Fund could experience subnormal levels of income or lack of access to income during that period. A Fund may not exercise proxy voting rights for a security that is on loan if it is unable to recall the security prior to the record date. The Trust, on behalf of the Funds, has entered into an agreement with State Street to serve as its agent for the purpose of lending securities and maintaining the collateral account.

At December 31, 2022, none of the Funds had securities on loan.

3. INVESTMENTS IN AFFILIATED ISSUERS

A company was considered to be an affiliate of a Fund because that Fund owned 5% or more of the company's voting securities during all or part of the period ended December 31, 2022. Purchase and sale transactions and dividend and interest income earned during the period on these securities are listed after the applicable Fund's Schedule of Investments.

4. SUBSEQUENT EVENTS

The Adviser has evaluated the possibility of subsequent events existing in the Funds' Schedule of Investments. The Adviser has determined that there are no material events that would require adjustment or disclosure in the Funds' Schedule of Investments through the date of the publication of this report.