Harris Associates Portfolio holdings
Harris Associates is a value-focused stock picker that runs the Oakmark family of mutual funds and ETFs. Its founders, including Victor Morgenstern, had earlier worked in the private investment office of Irving Harris, a Chicago entrepreneur, before starting the firm in the 1970s. The firm looks for companies whose shares trade below its own estimate of what the business is worth, and it applies that approach to large, mid-sized and small companies in the United States and abroad, on a long-only basis. Harris is owned by Natixis Investment Managers, a Paris-based asset management group, but it makes its own investment decisions. Its clients range from high net worth individuals and charities to pension plans, insurers and sovereign wealth funds.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marsh
MRSH
|
+$588M |
| 2 |
Sysco
SYY
|
+$400M |
| 3 |
Equitable Holdings
EQH
|
+$396M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$375M |
| 5 |
Booking.com
BKNG
|
+$266M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Phillips 66
PSX
|
+$1.27B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$766M |
| 3 |
Warner Bros
WBD
|
+$759M |
| 4 |
Charter Communications
CHTR
|
+$650M |
| 5 |
Marathon Petroleum
MPC
|
+$633M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.51% |
| 2 | Healthcare | 14.39% |
| 3 | Industrials | 11.71% |
| 4 | Technology | 10.08% |
| 5 | Consumer Discretionary | 9.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Fiserv Inc
FISV
$33B
| $1.09B | 1.44% |
22,210,980
+2,473,350
| +13% | +$138M |
2020 Q4
22 quarters
|
|
27
Union Pacific
UNP
$183B
| $1.05B | 1.39% |
3,844,522
+62,084
| +2% | +$16.3M |
2025 Q3
3 quarters
|
|
28
General Motors
GM
$78.5B
| $1.02B | 1.35% |
13,198,809
-258,900
| -2% | -$20.3M |
2013 Q2
52 quarters
|
|
29
Reinsurance Group of America
RGA
$17.4B
| $996M | 1.32% |
4,684,424
-166,054
| -3% | -$34.6M |
2020 Q1
25 quarters
|
|
30
GE HealthCare
GEHC
$38.8B
| $981M | 1.3% |
15,329,664
-265,324
| -2% | -$17.4M |
2024 Q2
8 quarters
|
|
31
AerCap
AER
$25.2B
| $942M | 1.25% |
6,460,145
+558,523
| +9% | +$79.3M |
2025 Q4
2 quarters
|
|
32
Global Payments
GPN
$25.4B
| $937M | 1.24% |
12,912,987
+1,057,665
| +9% | +$72.8M |
2021 Q4
18 quarters
|
|
33
Wells Fargo
WFC
$262B
| $900M | 1.19% |
10,892,476
-90,745
| -0.8% | -$7.29M |
2013 Q2
52 quarters
|
|
34
CBRE Group
CBRE
$40.7B
| $810M | 1.07% |
6,013,890
-408,300
| -6% | -$56.3M |
2014 Q1
49 quarters
|
|
35
State Street
STT
$47.2B
| $808M | 1.07% |
4,765,306
-1,382,629
| -22% | -$213M |
2013 Q2
52 quarters
|
|
36
Netflix
NFLX
$276B
| $786M | 1.04% |
11,014,943
+1,155,170
| +12% | +$102M |
2017 Q3
35 quarters
|
|
37
Sunbelt Rentals Holdings
SUNB
$33.1B
| $783M | 1.04% |
10,461,105
-1,192,228
| -10% | -$89.4M |
2026 Q1
1 quarter
|
|
38
CDW
CDW
$21.1B
| $780M | 1.03% |
5,543,451
+160,389
| +3% | +$20.1M |
2025 Q2
4 quarters
|
|
39
Icon
ICLR
$15.2B
| $776M | 1.03% |
4,468,146
+116,829
| +3% | +$14.9M |
2025 Q2
4 quarters
|
|
40
Amrize Ltd
AMRZ
$23.5B
| $746M | 0.99% |
13,990,945
+2,646,178
| +23% | +$143M |
2025 Q4
2 quarters
|
|
41
Carlyle Group
CG
$15.2B
| $744M | 0.99% |
17,661,625
+1,077,718
| +6% | +$50.6M |
2024 Q4
6 quarters
|
|
42
Corebridge Financial
CRBG
$16.2B
| $720M | 0.95% |
25,132,155
+167,895
| +0.7% | +$4.54M |
2023 Q1
13 quarters
|
|
43
Centene
CNC
$37.6B
| $714M | 0.95% |
11,124,640
-2,969,891
| -21% | -$159M |
2023 Q3
11 quarters
|
|
|
44
Alphabet (Google) Class C
GOOG
$3.53T
| $685M | 0.91% |
1,937,306
+1,050,142
| +118% | +$375M |
2013 Q2
52 quarters
|
|
45
Masco
MAS
$16.7B
| $677M | 0.9% |
8,318,944
-277,790
| -3% | -$19.4M |
2022 Q2
16 quarters
|
|
46
Roper Technologies
ROP
$48.7B
| $668M | 0.89% |
1,974,325
+244,779
| +14% | +$83.5M |
2026 Q1
1 quarter
|
|
47
CNH Industrial
CNH
$18.8B
| $663M | 0.88% |
59,068,990
+941,871
| +2% | +$10M |
2020 Q4
22 quarters
|
|
48
Nasdaq
NDAQ
$61.3B
| $638M | 0.85% |
8,092,686
+82,503
| +1% | +$7.24M |
2024 Q2
8 quarters
|
|
49
TE Connectivity
TEL
$63.3B
| $615M | 0.81% |
3,047,993
+231,799
| +8% | +$49.4M |
2013 Q2
52 quarters
|
|
50
Nike
NKE
$60.1B
| $591M | 0.78% |
14,403,570
-372,689
| -3% | -$16.4M |
2025 Q2
4 quarters
|
|
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Harris Associates's Q2 2026 Portfolio in Review
As of Q2 2026, Harris Associates held 171 positions worth $75.4B, up 0.52% from $75B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Harris Associates withdrew a net $2.78B in Q2 2026, closing 9 positions and reducing 84 holdings. Its most notable exit was Flutter Entertainment, an estimated $115M position sold in full.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Harris Associates opened a new position in Booking.com worth $278M.
- Harris Associates's largest Q2 2026 buy was Booking.com: 1,557,503 shares worth $278M.
- Harris Associates added most to Marsh in Q2 2026, an estimated $588M increase.
- Harris Associates's biggest Q2 2026 reduction was Phillips 66, cutting an estimated $1.27B.
- Harris Associates fully exited Flutter Entertainment in Q2 2026, selling an estimated $115M.
- Harris Associates's ten largest holdings make up 31% of its $75.4B portfolio in Q2 2026.
- Harris Associates opened 13 new positions and closed 9 in Q2 2026.
- Harris Associates's portfolio value rose 0.52% quarter-over-quarter to $75.4B.
Based on Harris Associates's 13F filing for Q2 2026, filed 14 Aug 2026.