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 | |
|---|---|---|---|---|---|---|---|
76
Haleon
HLN
$40.3B
| $157M | 0.21% |
16,833,252
+1,801,211
| +12% | +$16.7M |
2026 Q1
1 quarter
|
|
77
ABM Industries
ABM
$3.2B
| $129M | 0.17% |
2,912,307
+30,163
| +1% | +$1.24M |
2022 Q2
16 quarters
|
|
|
78
DELISTED
Warner Bros
WBD
| $128M | 0.17% |
4,803,194
-28,070,845
| -85% | -$759M |
2022 Q3
15 quarters
|
|
79
Vail Resorts
MTN
$5.43B
| $104M | 0.14% |
764,385
+18,827
| +3% | +$2.45M |
2023 Q1
13 quarters
|
|
80
Oracle
ORCL
$391B
| $95.4M | 0.13% |
650,879
-89,646
| -12% | -$16.2M |
2013 Q2
52 quarters
|
|
81
DELISTED
Liberty Broadband Class C
LBRDK
| $87.8M | 0.12% |
2,638,832
-1,389,895
| -34% | -$54.2M |
2015 Q4
42 quarters
|
|
82
Envista
NVST
$3.94B
| $72.6M | 0.1% |
2,756,781
-505,115
| -15% | -$12.7M |
2020 Q1
25 quarters
|
|
83
Thor Industries
THO
$4.04B
| $69.4M | 0.09% |
923,940
-38,637
| -4% | -$2.97M |
2018 Q2
32 quarters
|
|
84
American Express
AXP
$214B
| $68.8M | 0.09% |
203,453
-253
| -0.1% | -$81K |
2020 Q1
25 quarters
|
|
85
HCA Healthcare
HCA
$104B
| $60.1M | 0.08% |
154,097
-4,046
| -3% | -$1.71M |
2016 Q1
41 quarters
|
|
|
86
Marathon Petroleum
MPC
$112B
| $58.6M | 0.08% |
229,011
-2,576,961
| -92% | -$633M |
2025 Q1
5 quarters
|
|
87
Cooper Companies
COO
$12B
| $55M | 0.07% |
+766,520
| New | +$50.1M |
2026 Q2
0 quarters
|
|
88
Mastercard
MA
$576B
| $51.9M | 0.07% |
100,993
-17,622
| -15% | -$8.79M |
2013 Q2
52 quarters
|
|
89
Ryanair
RYAAY
$30B
| $51.2M | 0.07% |
790,544
-55,634
| -7% | -$3.28M |
2018 Q1
33 quarters
|
|
90
Wendy's
WEN
$1.59B
| $46.3M | 0.06% |
5,587,137
-342,664
| -6% | -$2.45M |
2021 Q4
18 quarters
|
|
91
Allison Transmission
ALSN
$10.4B
| $45.4M | 0.06% |
402,762
-129,245
| -24% | -$15.7M |
2021 Q1
21 quarters
|
|
92
Warner Music
WMG
$16.9B
| $43.6M | 0.06% |
1,611,030
+105
| +0% | +$3.12K |
2021 Q3
19 quarters
|
|
93
Blackrock
BLK
$188B
| $42.9M | 0.06% |
44,575
-9,980
| -18% | -$10.3M |
2024 Q4
6 quarters
|
|
94
Apple
AAPL
$5.19T
| $38M | 0.05% |
131,305
-236
| -0.2% | -$67.5K |
2013 Q2
52 quarters
|
|
95
CVS Health
CVS
$114B
| $34.7M | 0.05% |
335,817
-158,309
| -32% | -$14.1M |
2013 Q2
52 quarters
|
|
96
Colliers International
CIGI
$4.59B
| $33.2M | 0.04% |
354,200
+40,900
| +13% | +$4.13M |
2023 Q1
13 quarters
|
|
97
EOG Resources
EOG
$82B
| $31.8M | 0.04% |
244,809
-3,886,429
| -94% | -$529M |
2019 Q2
28 quarters
|
|
98
Zegna
ZGN
$3.69B
| $31.7M | 0.04% |
2,435,700
-476,100
| -16% | -$6.14M |
2025 Q3
3 quarters
|
|
99
KKR & Co
KKR
$86.8B
| $31.6M | 0.04% |
343,974
-25,841
| -7% | -$2.51M |
2020 Q4
22 quarters
|
|
100
Hilton Worldwide Holdings Inc. Common Stock
HLT
$83B
| $28.2M | 0.04% |
85,299
-10,347
| -11% | -$3.4M |
2018 Q1
33 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.