Harris Associates (Oakmark)

Q4 2020 13F · by Bill Nygren, CIO

As of: Dec 31, 2020
Filed: Feb 16, 2021
US stock: $51.7B · prev $41.1B
Positions: 133 · prev 132
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves138 since the prior filing

+10.2 pp in · −10.1 pp out

New 7 +5.65 pp
Added 54 +4.54 pp
Trimmed 71 −8.61 pp
Exited 6 −1.54 pp

The book

Diversified · behaves like 49 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 33% a year, about 3.0 years per position

Low
Moderate
High

Top 5 positions20% of US stock

Positions133 in this filing · 6 exited


CNHCnh Industrial N.v.	4.89%	200,377,287	$2.5B	new	+4.89 pp	new
GOOGLAlphabet Inc. Class A	4.68%	1,379,240	$2.4B	trimmed−5%	−0.49 pp	21 q
BACBank of America Corporation	4.13%	70,440,269	$2.1B	trimmed−2%	−0.09 pp	31 q
CHTRCharter Comm Inc Del CL A New	3.38%	2,644,845	$1.7B	trimmed−4%	−0.80 pp	19 q
GMGeneral Motors Company	3.31%	41,101,881	$1.7B	trimmed−8%	+0.09 pp	31 q
CCitigroup Inc.	3.23%	27,092,988	$1.7B	added+4%	+0.50 pp	28 q
BKNGBooking Holdings Inc.	3.14%	729,115	$1.6B	trimmed−2%	+0.03 pp	12 q
0VQJLTe Connectivity Ltd	3.08%	13,161,302	$1.6B	trimmed−11%	−0.42 pp	31 q
HCAHCA Healthcare, Inc.	2.87%	9,014,139	$1.5B	trimmed−2%	+0.07 pp	20 q
HLTHilton Worldwide Holdings Inc.	2.49%	11,572,439	$1.3B	trimmed−9%	−0.14 pp	12 q
GOOGAlphabet Inc. Class C	2.44%	720,820	$1.3B	added+2%	−0.09 pp	27 q
AIGAmerican International Group, Inc.	2.26%	30,820,739	$1.2B	trimmed−2%	+0.16 pp	31 q
KDPKeurig Dr Pepper Inc.	2.21%	35,775,606	$1.1B	added×2.0	+1.02 pp	2 q
LBTYALiberty Global Ltd. Class A	2.08%	44,508,065	$1.1B	added+24%	+0.25 pp	14 q
ALLYAlly Financial Inc.	1.95%	28,239,762	$1.0B	trimmed−11%	+0.01 pp	21 q
METAMeta Platforms, Inc. Class A	1.93%	3,659,888	$1000M	trimmed−1%	−0.42 pp	12 q
CBRECbre Group, Inc.	1.78%	14,663,755	$920M	trimmed−1%	+0.09 pp	28 q
CMCSAComcast Corp	1.77%	17,471,727	$916M	trimmed−1%	−0.22 pp	31 q
STZConstellation Brands, Inc.	1.72%	4,064,357	$890M	trimmed−9%	−0.35 pp	8 q
MAMastercard Incorporated	1.70%	2,456,363	$877M	trimmed−18%	−0.78 pp	31 q
NFLXNetFlix Inc	1.47%	1,401,363	$758M	trimmed−20%	−0.66 pp	14 q
SCHWThe Charles Schwab Corporation	1.45%	14,163,879	$751M	added0%	+0.20 pp	10 q
COFCapital One Financial	1.34%	7,018,279	$694M	trimmed−5%	+0.05 pp	31 q
BRK.BBERKSHIRE HATHAWAY Class B	1.33%	2,962,803	$687M	added+2%	−0.17 pp	5 q
WDAYWorkday, Inc. Class A	1.30%	2,796,673	$670M	trimmed−2%	−0.19 pp	5 q
AAgilent Technologies Inc.	1.20%	5,235,581	$620M	trimmed−10%	−0.23 pp	6 q
RYAAYRyanair Holdings plc	1.17%	5,506,994	$606M	trimmed−41%	−0.68 pp	12 q
CVECenovus Energy Inc.	1.16%	98,287,307	$598M	added+8%	+0.30 pp	12 q
LEALear Corporation	1.13%	3,663,503	$583M	added0%	+0.16 pp	31 q
CVSCvs Health Corporation	1.10%	8,340,956	$570M	added+4%	−0.04 pp	31 q
TVGrupo Televisa S.A.	1.02%	64,185,260	$529M	added+1%	+0.07 pp	21 q
ADPAutomatic Data Processing	0.97%	2,858,718	$504M	trimmed−3%	−0.03 pp	31 q
HWMHowmet Aerospace Inc.	0.95%	17,237,129	$492M	added+2%	+0.27 pp	16 q
unresolvedGeneral Electric Co	0.94%	44,911,017	$485M	trimmed−0%	+0.26 pp	31 q
MGMMgm Resorts International	0.94%	15,461,098	$487M	added+4%	+0.15 pp	20 q
VVISA Inc.	0.94%	2,215,006	$484M	trimmed−9%	−0.25 pp	31 q
CATCaterpillar Inc.	0.93%	2,641,026	$481M	trimmed−13%	−0.18 pp	29 q
EOGEOG Resources, Inc.	0.92%	9,531,182	$475M	added+60%	+0.40 pp	7 q
ORCLOracle Corp	0.89%	7,126,881	$461M	added+3%	−0.12 pp	31 q
RGAReinsurance Group of America, Incorporated	0.88%	3,921,878	$455M	trimmed−0%	−0.03 pp	4 q
MCOMoody's Corporation	0.82%	1,452,551	$422M	trimmed−19%	−0.44 pp	16 q
STTState Street Corporation	0.77%	5,445,597	$396M	added0%	−0.01 pp	31 q
HUMHumana Inc.	0.74%	938,792	$385M	added+11%	−0.11 pp	6 q
OTEXOpen Text Corp	0.72%	8,197,115	$372M	added+25%	+0.05 pp	6 q
WFCWells Fargo & Co.	0.72%	12,343,722	$373M	added+6%	+0.05 pp	31 q
GSGoldman Sachs Group Inc.	0.68%	1,334,745	$352M	trimmed−1%	+0.02 pp	31 q
BABAAlibaba Group Holding Limited	0.59%	1,309,645	$305M	added×4.2	+0.37 pp	4 q
IPGThe Interpublic Group of Companies, Inc.	0.56%	12,328,330	$290M	added+5%	+0.08 pp	27 q
LBRDKLiberty Broadband Corporation Class C	0.55%	1,810,881	$287M	trimmed−5%	−0.11 pp	21 q
THCTenet Healthcare Corporation New	0.55%	7,114,001	$284M	added+7%	+0.15 pp	31 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.54%	8,255,383	$278M	added+2%	+0.05 pp	4 q
ITGartner, Inc.	0.54%	1,758,451	$282M	trimmed−1%	0.00 pp	11 q
JCIJohnson Controls International plc	0.54%	5,965,419	$278M	added+3%	−0.04 pp	13 q
BWABorgWarner Inc.	0.53%	7,119,835	$275M	added+8%	−0.09 pp	31 q
DXCDXC Technology Company	0.53%	10,654,388	$274M	added0%	+0.07 pp	13 q
9991429DAptiv Irish Holdings Ltd	0.53%	2,085,897	$272M	trimmed−0%	+0.06 pp	13 q
AXPAmerican Express Company	0.52%	2,224,991	$269M	added0%	−0.02 pp	4 q
REGNRegeneron Pharmaceuticals Inc	0.49%	528,130	$255M	trimmed−21%	−0.42 pp	12 q
LIVNLivaNova PLC	0.48%	3,735,678	$247M	trimmed−3%	+0.06 pp	13 q
GDGeneral Dynamics Corporation	0.46%	1,608,465	$239M	added+63%	+0.13 pp	3 q
PHParker-Hannifin Corporation	0.46%	870,313	$237M	trimmed−39%	−0.25 pp	31 q
EBAYeBay Inc	0.44%	4,476,658	$225M	added0%	−0.13 pp	9 q
PMPhilip Morris International Inc.	0.44%	2,736,413	$227M	trimmed−0%	−0.06 pp	31 q
9990302DApache Corp	0.41%	14,770,495	$210M	added+67%	+0.21 pp	31 q
BNYBank of New York Mellon Corporation	0.41%	5,047,135	$214M	trimmed−15%	−0.08 pp	31 q
CDKCDK Global, Inc.	0.41%	4,063,067	$211M	added×17.9	+0.39 pp	6 q
POSTPost Holdings, Inc.	0.41%	2,091,041	$211M	added+5%	−0.01 pp	10 q
CMICummins Inc.	0.39%	883,332	$201M	trimmed−32%	−0.28 pp	31 q
FLSFlowserve Corporation	0.38%	5,280,519	$195M	added+55%	+0.15 pp	3 q
CSLCarlisle Companies, Inc.	0.36%	1,178,942	$184M	added0%	+0.01 pp	12 q
TMUST-Mobile US, Inc.	0.35%	1,343,068	$181M	added+2%	−0.02 pp	3 q
HALHalliburton Company	0.32%	8,728,900	$165M	trimmed−3%	+0.05 pp	9 q
FANGDiamondback Energy, Inc.	0.31%	3,280,145	$159M	added×4.9	+0.26 pp	7 q
SPGIS&P Global Inc.	0.31%	483,787	$159M	added0%	−0.11 pp	8 q
LBTYKLiberty Global Ltd. Class C	0.31%	6,698,717	$158M	trimmed−5%	−0.04 pp	14 q
FISVFiserv, Inc.	0.27%	1,207,864	$138M	new	+0.27 pp	new
HHCThe Howard Hughes Corporation	0.27%	1,758,809	$139M	trimmed−12%	−0.01 pp	31 q
GLPIGaming and Leisure Properties, Inc.	0.26%	3,202,561	$136M	trimmed−11%	−0.06 pp	29 q
THOThor Industries, Inc.	0.26%	1,430,959	$133M	added+4%	−0.06 pp	11 q
ARNCArconic Corporation	0.25%	4,337,596	$129M	added+4%	+0.06 pp	3 q
QSRRestaurant Brands International Inc.	0.25%	2,150,975	$131M	new	+0.25 pp	new
DEODiageo plc	0.24%	780,903	$124M	trimmed−12%	−0.06 pp	31 q
KKRKKR & Co. Inc.	0.24%	3,016,912	$122M	new	+0.24 pp	new
TCOMTrip.com Group Limited	0.24%	3,674,182	$124M	trimmed−42%	−0.24 pp	5 q
MANManpowerGroup	0.23%	1,299,564	$117M	added0%	0.00 pp	8 q
unresolvedQurate Retail Inc	0.22%	10,259,379	$113M	trimmed−23%	−0.01 pp	11 q
AAPLApple Inc.	0.18%	712,390	$95M	trimmed−33%	−0.12 pp	31 q
HRIHerc Holdings Inc.	0.18%	1,424,947	$95M	trimmed−3%	+0.04 pp	19 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.18%	262,557	$92M	trimmed−31%	−0.11 pp	31 q
TXNTexas Instruments Incorporated	0.17%	545,693	$90M	trimmed−25%	−0.08 pp	31 q
CRICarter's Inc.	0.16%	884,016	$83M	added+3%	−0.02 pp	31 q
CXOConcho Resources Inc.	0.15%	1,330,143	$78M	added×3.8	+0.11 pp	7 q
BLQADBlackrock Inc	0.14%	100,633	$73M	trimmed−23%	−0.04 pp	31 q
TRNTrinity Industries, Inc.	0.13%	2,462,448	$65M	trimmed−14%	−0.01 pp	15 q
ZBHZimmer Biomet Holdings, Inc.	0.12%	396,448	$61M	trimmed−0%	−0.01 pp	12 q
CHXChampionX Corporation	0.11%	3,669,077	$56M	added+1%	+0.04 pp	11 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.10%	4,190,588	$52M	trimmed−12%	+0.02 pp	14 q
PDCEPDC Energy, Inc.	0.10%	2,554,193	$52M	trimmed−1%	+0.02 pp	14 q
GILGildan Activewear Inc.	0.09%	1,597,900	$45M	trimmed−8%	+0.01 pp	5 q
INTCIntel Corp	0.09%	956,557	$48M	trimmed−49%	−0.15 pp	31 q
DISThe Walt Disney Company	0.08%	240,462	$44M	added+1%	+0.01 pp	3 q
PINSPinterest, Inc. Class A	0.07%	576,962	$38M	trimmed−91%	−0.59 pp	5 q
SEESealed Air Corp New	0.07%	737,100	$34M	added+8%	+0.01 pp	3 q
ALVAutoliv, Inc.	0.06%	324,000	$30M	trimmed−27%	−0.02 pp	8 q
BBBlackBerry Limited	0.06%	4,797,500	$32M	trimmed−41%	−0.03 pp	5 q
NDAQNasdaq, Inc.	0.06%	227,620	$30M	added0%	−0.01 pp	7 q
BGBunge Global SA	0.06%	448,920	$29M	added+2%	+0.01 pp	2 q
ARMKAramark	0.05%	606,190	$23M	trimmed−9%	+0.01 pp	2 q
EFXEquifax, Incorporated	0.05%	140,423	$27M	added+20%	+0.01 pp	11 q
CBChubb Limited	0.04%	135,115	$21M	added×8.5	+0.04 pp	2 q
DOVDover Corporation	0.03%	103,636	$13M	trimmed−5%	0.00 pp	31 q
EEFTEuronet Worldwide Inc	0.03%	97,135	$14M	added+30%	+0.01 pp	3 q
QRVOQorvo, Inc.	0.03%	103,136	$17M	trimmed−8%	−0.01 pp	13 q
MASMasco Corporation	0.02%	186,211	$10M	trimmed−15%	−0.01 pp	9 q
WABWabtec Inc.	0.02%	110,711	$8M	added+7%	0.00 pp	8 q
WEXWEX Inc.	0.01%	17,965	$4M	added×2.3	+0.01 pp	3 q
PRGOPerrigo Company PLC	0.01%	72,040	$3M	added×3.6	+0.01 pp	3 q
unresolvedAmerican Intl Group Inc	0.00%	58	$0	new	0.00 pp	new
AWIArmstrong World Industries, Inc.	0.00%	8,750	$651,000	new	0.00 pp	new
BAXBaxter International Inc.	0.00%	28,339	$2M	added+2%	−0.01 pp	20 q
BCBrunswick Corporation	0.00%	8,450	$644,000	trimmed−19%	0.00 pp	13 q
CHRWC.H. Robinson Worldwide, Inc.	0.00%	9,800	$920,000	trimmed−82%	−0.01 pp	19 q
CLGXCorelogic, Inc.	0.00%	17,600	$1M	trimmed−80%	−0.01 pp	13 q
FDXFedEx Corporation	0.00%	5,530	$1M	trimmed−54%	−0.01 pp	31 q
WOOFoot Locker Inc	0.00%	24,125	$976,000	trimmed−98%	−0.12 pp	31 q
ITWIllinois Tool Works Inc.	0.00%	3,100	$632,000	held	—	31 q
JPMJPMorgan Chase & Co.	0.00%	6,137	$780,000	trimmed−71%	0.00 pp	31 q
LBRDALiberty Broadband Corporation Class A	0.00%	15,020	$2M	added+1%	−0.01 pp	5 q
MSFTMicrosoft Corp	0.00%	1,850	$411,000	trimmed−14%	0.00 pp	31 q
LUVSouthwest Airlines Co.	0.00%	18,540	$864,000	trimmed−99%	−0.29 pp	14 q
TDOCTeladoc Health, Inc.	0.00%	2,344	$469,000	new	0.00 pp	new
AONAon plc Class A	0.00%	10,455	$2M	trimmed−2%	−0.01 pp	3 q
unresolvedFiat Chrysler Automobiles NV s	0.00%	131,800	$2M	trimmed−52%	−0.01 pp	23 q
BIDUBaidu, Inc.	—	−3,172,049	—	exited	−0.98 pp	—
NOVNOV Inc.	—	−12,209,616	—	exited	−0.27 pp	—
LYVLive Nation Entertainment Inc.	—	−1,745,716	—	exited	−0.23 pp	—
ACAArcosa, Inc.	—	−538,760	—	exited	−0.06 pp	—
CRMSalesforce, Inc.	—	−800	—	exited	0.00 pp	—
AMTTd Ameritrade Holding Corp	—	−41,995	—	exited	0.00 pp	—