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 | |
|---|---|---|---|---|---|---|---|
101
Goldman Sachs
GS
$264B
| $27.5M | 0.04% |
27,218
-1,425
| -5% | -$1.39M |
2013 Q2
52 quarters
|
|
102
Microsoft
MSFT
$3.89T
| $25.6M | 0.03% |
68,612
+61,855
| +915% | +$25M |
2013 Q2
52 quarters
|
|
103
Autoliv
ALV
$8.67B
| $24.9M | 0.03% |
214,490
-18,585
| -8% | -$2.21M |
2019 Q1
29 quarters
|
|
104
Cushman & Wakefield Ltd
CWK
$3.12B
| $24.9M | 0.03% |
1,858,460
-25,597
| -1% | -$343K |
2021 Q2
20 quarters
|
|
105
Workday
WDAY
$47.3B
| $23.6M | 0.03% |
192,764
+181,097
| +1,552% | +$22.9M |
2019 Q4
26 quarters
|
|
106
Crown Holdings
CCK
$13.1B
| $21.3M | 0.03% |
190,865
-740
| -0.4% | -$74.8K |
2023 Q1
13 quarters
|
|
107
Openlane
OPLN
$4.26B
| $15.9M | 0.02% |
386,223
-184,934
| -32% | -$6.46M |
2021 Q3
19 quarters
|
|
108
Texas Instruments
TXN
$277B
| $13.8M | 0.02% |
46,260
-1,250
| -3% | -$347K |
2013 Q2
52 quarters
|
|
|
109
Charter Communications
CHTR
$15.8B
| $13.8M | 0.02% |
96,777
-3,892,266
| -98% | -$650M |
2015 Q3
43 quarters
|
|
110
BorgWarner
BWA
$10.2B
| $12.9M | 0.02% |
193,743
-28,330
| -13% | -$1.79M |
2013 Q2
52 quarters
|
|
111
Berkshire Hathaway Class B
BRK.B
$1.26T
| $12.6M | 0.02% |
25,253
-186
| -0.7% | -$89.4K |
2019 Q4
26 quarters
|
|
112
Birkenstock
BIRK
$5.99B
| $7.96M | 0.01% |
+185,100
| New | +$7.48M |
2026 Q2
0 quarters
|
|
113
Waters Corp
WAT
$90.5B
| $6.91M | 0.01% |
18,413
-270,299
| -94% | -$92.2M |
2026 Q1
1 quarter
|
|
114
Bank of New York Mellon
BNY
$103B
| $6.13M | 0.01% |
42,419
-565
| -1% | -$77.3K |
2013 Q2
52 quarters
|
|
115
Meta Platforms (Facebook)
META
$1.64T
| $2.62M | ﹤0.01% |
4,655
+194
| +4% | +$119K |
2018 Q1
33 quarters
|
|
116
Dover
DOV
$27.9B
| $2.51M | ﹤0.01% |
11,213
-650
| -5% | -$142K |
2013 Q2
52 quarters
|
|
117
NVIDIA
NVDA
$3.93T
| $2.5M | ﹤0.01% |
12,475
+7
| +0.1% | +$1.44K |
2024 Q3
7 quarters
|
|
118
JPMorgan Chase
JPM
$919B
| $2.03M | ﹤0.01% |
6,215
+400
| +7% | +$124K |
2013 Q2
52 quarters
|
|
119
Caterpillar
CAT
$275B
| $1.96M | ﹤0.01% |
1,840
| – | – |
2013 Q4
50 quarters
|
|
120
Carlisle Companies
CSL
$15.3B
| $1.67M | ﹤0.01% |
4,612
-425
| -8% | -$149K |
2018 Q1
33 quarters
|
|
121
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $1.6M | ﹤0.01% |
2,148
-5,564
| -72% | -$4.03M |
2022 Q2
16 quarters
|
|
122
Lear
LEA
$5.24B
| $1.53M | ﹤0.01% |
11,425
-500
| -4% | -$67K |
2013 Q2
52 quarters
|
|
123
Alibaba
BABA
$235B
| $1.48M | ﹤0.01% |
15,413
+1,972
| +15% | +$247K |
2024 Q4
6 quarters
|
|
124
Applied Materials
AMAT
$294B
| $1.41M | ﹤0.01% |
1,945
-255
| -12% | -$118K |
2025 Q2
4 quarters
|
|
125
Philip Morris
PM
$310B
| $1.1M | ﹤0.01% |
6,093
+994
| +19% | +$172K |
2013 Q2
52 quarters
|
|
Similar funds
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.