Harris Associates (Oakmark)

Q1 2021 13F · by Bill Nygren, CIO

As of: Mar 31, 2021
Filed: May 17, 2021
US stock: $58.5B · prev $51.7B
Positions: 137 · prev 133
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%

Moves146 since the prior filing

+7.6 pp in · −7.6 pp out

New 16 +1.88 pp
Added 53 +5.71 pp
Trimmed 65 −5.74 pp
Exited 12 −1.88 pp

The book

Diversified · behaves like 50 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 36% a year, about 2.8 years per position

Low
Moderate
High

Top 5 positions20% of US stock

Positions137 in this filing · 12 exited


GOOGLAlphabet Inc. Class A	4.78%	1,357,038	$2.8B	trimmed−2%	+0.10 pp	22 q
BACBank of America Corporation	4.54%	68,662,249	$2.7B	trimmed−3%	+0.41 pp	32 q
CNHCnh Industrial N.v.	3.96%	149,789,387	$2.3B	trimmed−25%	−0.93 pp	2 q
GMGeneral Motors Company	3.59%	36,550,095	$2.1B	trimmed−11%	+0.28 pp	32 q
CCitigroup Inc.	3.40%	27,322,376	$2.0B	added+1%	+0.17 pp	29 q
CHTRCharter Comm Inc Del CL A New	3.06%	2,898,855	$1.8B	added+10%	−0.32 pp	20 q
HCAHCA Healthcare, Inc.	2.88%	8,946,718	$1.7B	trimmed−1%	+0.01 pp	21 q
BKNGBooking Holdings Inc.	2.84%	712,407	$1.7B	trimmed−2%	−0.30 pp	13 q
GOOGAlphabet Inc. Class C	2.62%	740,917	$1.5B	added+3%	+0.18 pp	28 q
KDPKeurig Dr Pepper Inc.	2.61%	44,468,875	$1.5B	added+24%	+0.40 pp	3 q
AIGAmerican International Group, Inc.	2.49%	31,490,353	$1.5B	added+2%	+0.23 pp	32 q
LBTYALiberty Global Ltd. Class A	2.23%	50,957,802	$1.3B	added+14%	+0.15 pp	15 q
HUMHumana Inc.	2.19%	3,063,527	$1.3B	added×3.3	+1.45 pp	7 q
0VQJLTe Connectivity Ltd	2.14%	9,703,497	$1.3B	trimmed−26%	−0.94 pp	32 q
METAMeta Platforms, Inc. Class A	2.01%	3,985,341	$1.2B	added+9%	+0.08 pp	13 q
HLTHilton Worldwide Holdings Inc.	1.97%	9,538,473	$1.2B	trimmed−18%	−0.52 pp	13 q
ALLYAlly Financial Inc.	1.95%	25,259,345	$1.1B	trimmed−11%	0.00 pp	22 q
CBRECbre Group, Inc.	1.69%	12,536,527	$992M	trimmed−15%	−0.09 pp	29 q
FISVFiserv, Inc.	1.68%	8,272,349	$985M	added×6.8	+1.41 pp	2 q
CMCSAComcast Corp	1.64%	17,737,540	$960M	added+2%	−0.13 pp	32 q
STZConstellation Brands, Inc.	1.56%	4,014,427	$915M	trimmed−1%	−0.16 pp	9 q
BRK.BBERKSHIRE HATHAWAY Class B	1.42%	3,257,824	$832M	added+10%	+0.09 pp	6 q
COFCapital One Financial	1.42%	6,508,342	$828M	trimmed−7%	+0.08 pp	32 q
SCHWThe Charles Schwab Corporation	1.37%	12,304,488	$802M	trimmed−13%	−0.08 pp	11 q
NFLXNetFlix Inc	1.32%	1,478,001	$771M	added+5%	−0.15 pp	15 q
EOGEOG Resources, Inc.	1.18%	9,528,380	$691M	trimmed−0%	+0.26 pp	8 q
RYAAYRyanair Holdings plc	1.13%	5,730,839	$659M	added+4%	−0.04 pp	13 q
GDGeneral Dynamics Corporation	1.12%	3,598,164	$653M	added×2.2	+0.66 pp	4 q
CVSCvs Health Corporation	1.10%	8,554,249	$644M	added+3%	0.00 pp	32 q
LEALear Corporation	1.05%	3,403,384	$617M	trimmed−7%	−0.08 pp	32 q
CVECenovus Energy Inc.	1.01%	78,859,707	$592M	trimmed−20%	−0.15 pp	13 q
TVGrupo Televisa S.A.	1.00%	65,749,939	$583M	added+2%	−0.02 pp	22 q
WDAYWorkday, Inc. Class A	0.98%	2,318,515	$576M	trimmed−17%	−0.32 pp	6 q
unresolvedGeneral Electric Co	0.95%	42,161,204	$554M	trimmed−6%	+0.01 pp	32 q
MAMastercard Incorporated	0.95%	1,567,637	$558M	trimmed−36%	−0.75 pp	32 q
ADPAutomatic Data Processing	0.94%	2,918,198	$550M	added+2%	−0.03 pp	32 q
ORCLOracle Corp	0.91%	7,599,994	$533M	added+7%	+0.02 pp	32 q
MGMMgm Resorts International	0.90%	13,901,860	$528M	trimmed−10%	−0.04 pp	21 q
HWMHowmet Aerospace Inc.	0.88%	16,041,776	$515M	trimmed−7%	−0.07 pp	17 q
OTEXOpen Text Corp	0.88%	10,743,315	$512M	added+31%	+0.16 pp	7 q
BABAAlibaba Group Holding Limited	0.86%	2,216,365	$503M	added+69%	+0.27 pp	5 q
RGAReinsurance Group of America, Incorporated	0.85%	3,923,936	$495M	added0%	−0.03 pp	5 q
WFCWells Fargo & Co.	0.85%	12,738,450	$498M	added+3%	+0.13 pp	32 q
REGNRegeneron Pharmaceuticals Inc	0.84%	1,033,578	$489M	added+96%	+0.35 pp	13 q
VVISA Inc.	0.79%	2,174,881	$460M	trimmed−2%	−0.15 pp	32 q
MCOMoody's Corporation	0.78%	1,525,538	$456M	added+5%	−0.04 pp	17 q
GSGoldman Sachs Group Inc.	0.74%	1,327,388	$434M	trimmed−1%	+0.06 pp	32 q
STTState Street Corporation	0.71%	4,942,927	$415M	trimmed−9%	−0.06 pp	32 q
CATCaterpillar Inc.	0.67%	1,700,522	$394M	trimmed−36%	−0.26 pp	30 q
IPGThe Interpublic Group of Companies, Inc.	0.67%	13,367,116	$390M	added+8%	+0.11 pp	28 q
APAAPA Corporation	0.64%	20,771,054	$372M	new	+0.64 pp	new
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.61%	8,723,563	$356M	added+6%	+0.07 pp	5 q
DXCDXC Technology Company	0.58%	10,808,379	$338M	added+1%	+0.05 pp	14 q
THCTenet Healthcare Corporation New	0.56%	6,341,596	$330M	trimmed−11%	+0.01 pp	32 q
AXPAmerican Express Company	0.54%	2,230,855	$316M	added0%	+0.02 pp	5 q
ITGartner, Inc.	0.54%	1,744,637	$318M	trimmed−1%	0.00 pp	12 q
JCIJohnson Controls International plc	0.53%	5,212,852	$311M	trimmed−13%	−0.01 pp	14 q
CDKCDK Global, Inc.	0.48%	5,214,501	$282M	added+28%	+0.07 pp	7 q
LIVNLivaNova PLC	0.48%	3,819,961	$282M	added+2%	0.00 pp	14 q
EBAYeBay Inc	0.47%	4,480,752	$274M	added0%	+0.03 pp	10 q
LBRDKLiberty Broadband Corporation Class C	0.47%	1,827,829	$274M	added+1%	−0.08 pp	22 q
QSRRestaurant Brands International Inc.	0.45%	4,006,108	$260M	added+86%	+0.20 pp	2 q
BNYBank of New York Mellon Corporation	0.41%	5,054,168	$239M	added0%	0.00 pp	32 q
BWABorgWarner Inc.	0.41%	5,121,226	$237M	trimmed−28%	−0.12 pp	32 q
FANGDiamondback Energy, Inc.	0.41%	3,281,438	$241M	added0%	+0.10 pp	8 q
FLSFlowserve Corporation	0.39%	5,935,329	$230M	added+12%	+0.01 pp	4 q
PMPhilip Morris International Inc.	0.38%	2,501,801	$222M	trimmed−9%	−0.06 pp	32 q
CMICummins Inc.	0.37%	830,104	$215M	trimmed−6%	−0.02 pp	32 q
POSTPost Holdings, Inc.	0.37%	2,064,487	$218M	trimmed−1%	−0.04 pp	11 q
HALHalliburton Company	0.36%	9,805,117	$210M	added+12%	+0.04 pp	10 q
KKRKKR & Co. Inc.	0.35%	4,211,089	$206M	added+40%	+0.11 pp	2 q
NOVNOV Inc.	0.35%	15,092,965	$207M	new	+0.35 pp	new
THOThor Industries, Inc.	0.35%	1,524,683	$205M	added+7%	+0.09 pp	12 q
CSLCarlisle Companies, Inc.	0.33%	1,174,575	$193M	trimmed−0%	−0.03 pp	13 q
TMUST-Mobile US, Inc.	0.30%	1,379,675	$173M	added+3%	−0.05 pp	4 q
HHCThe Howard Hughes Corporation	0.29%	1,756,889	$167M	trimmed−0%	+0.02 pp	32 q
SPGIS&P Global Inc.	0.29%	484,044	$171M	added0%	−0.02 pp	9 q
MOAltria Group, Inc.	0.27%	3,062,215	$157M	new	+0.27 pp	new
LBTYKLiberty Global Ltd. Class C	0.26%	6,056,787	$155M	trimmed−10%	−0.05 pp	15 q
AAgilent Technologies Inc.	0.24%	1,081,664	$138M	trimmed−79%	−0.96 pp	7 q
MANManpowerGroup	0.22%	1,273,194	$126M	trimmed−2%	−0.01 pp	9 q
ARNCArconic Corporation	0.21%	4,773,433	$121M	added+10%	−0.04 pp	4 q
unresolvedQurate Retail Inc	0.21%	10,276,339	$121M	added0%	−0.01 pp	12 q
COPConocoPhillips	0.20%	2,207,317	$117M	new	+0.20 pp	new
CRMSalesforce, Inc.	0.20%	541,779	$115M	new	+0.20 pp	new
DEODiageo plc	0.18%	651,727	$107M	trimmed−17%	−0.06 pp	32 q
HRIHerc Holdings Inc.	0.17%	962,671	$98M	trimmed−32%	−0.01 pp	20 q
PDCEPDC Energy, Inc.	0.15%	2,539,193	$87M	trimmed−1%	+0.05 pp	15 q
CRICarter's Inc.	0.14%	894,977	$80M	added+1%	−0.02 pp	32 q
CHXChampionX Corporation	0.14%	3,669,077	$80M	held	—	12 q
CITCIT Group Inc.	0.12%	1,379,966	$71M	new	+0.12 pp	new
GLPIGaming and Leisure Properties, Inc.	0.12%	1,673,298	$71M	trimmed−48%	−0.14 pp	30 q
BLQADBlackrock Inc	0.11%	88,654	$67M	trimmed−12%	−0.03 pp	32 q
SEESealed Air Corp New	0.11%	1,468,545	$67M	added+99%	+0.04 pp	4 q
TXNTexas Instruments Incorporated	0.10%	303,304	$57M	trimmed−44%	−0.07 pp	32 q
AAPLApple Inc.	0.09%	408,811	$50M	trimmed−43%	−0.09 pp	32 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.09%	140,932	$52M	trimmed−46%	−0.09 pp	32 q
DISThe Walt Disney Company	0.08%	240,775	$44M	added0%	0.00 pp	4 q
FCNCAFirst Citizens BancShares Inc	0.08%	57,665	$48M	new	+0.08 pp	new
GILGildan Activewear Inc.	0.08%	1,502,300	$46M	trimmed−6%	−0.01 pp	6 q
ZBHZimmer Biomet Holdings, Inc.	0.08%	299,363	$48M	trimmed−24%	−0.04 pp	13 q
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	0.06%	2,364,788	$34M	trimmed−44%	−0.04 pp	15 q
NDAQNasdaq, Inc.	0.06%	227,518	$34M	trimmed−0%	0.00 pp	8 q
BGBunge Global SA	0.06%	449,006	$36M	added0%	0.00 pp	3 q
ALVAutoliv, Inc.	0.05%	339,185	$31M	added+5%	−0.01 pp	9 q
EFXEquifax, Incorporated	0.05%	155,847	$28M	added+11%	0.00 pp	12 q
TRNTrinity Industries, Inc.	0.04%	746,886	$21M	trimmed−70%	−0.09 pp	16 q
CBChubb Limited	0.04%	135,000	$21M	trimmed−0%	0.00 pp	3 q
ARMKAramark	0.03%	485,259	$18M	trimmed−20%	−0.02 pp	3 q
PINSPinterest, Inc. Class A	0.03%	248,085	$18M	trimmed−57%	−0.04 pp	6 q
QRVOQorvo, Inc.	0.03%	97,351	$18M	trimmed−6%	0.00 pp	14 q
DOVDover Corporation	0.02%	99,311	$14M	trimmed−4%	−0.01 pp	32 q
EEFTEuronet Worldwide Inc	0.02%	95,835	$13M	trimmed−1%	−0.01 pp	4 q
HIIHuntington Ingalls Industries, Inc.	0.02%	58,405	$12M	new	+0.02 pp	new
WABWabtec Inc.	0.02%	116,351	$9M	added+5%	0.00 pp	9 q
INTCIntel Corp	0.01%	62,380	$4M	trimmed−93%	−0.08 pp	32 q
WEXWEX Inc.	0.01%	17,740	$4M	trimmed−1%	0.00 pp	4 q
AONAon plc Class A	0.01%	15,508	$4M	added+48%	+0.01 pp	4 q
ALSNAllison Transmission Holdings, Inc.	0.00%	28,250	$1M	new	0.00 pp	new
AWIArmstrong World Industries, Inc.	0.00%	8,750	$788,000	held	—	2 q
BAXBaxter International Inc.	0.00%	28,739	$2M	added+1%	0.00 pp	21 q
BABoeing Company	0.00%	1,066	$272,000	new	0.00 pp	new
CHRWC.H. Robinson Worldwide, Inc.	0.00%	6,600	$630,000	trimmed−33%	0.00 pp	20 q
KMXCarMax Inc.	0.00%	1,875	$249,000	new	0.00 pp	new
CLGXCorelogic, Inc.	0.00%	8,400	$666,000	trimmed−52%	0.00 pp	14 q
FDXFedEx Corporation	0.00%	830	$236,000	trimmed−85%	0.00 pp	32 q
WOOFoot Locker Inc	0.00%	8,000	$450,000	trimmed−67%	0.00 pp	32 q
unresolvedGohealth Inc	0.00%	157,071	$2M	new	0.00 pp	new
ITWIllinois Tool Works Inc.	0.00%	3,100	$687,000	held	—	32 q
JPMJPMorgan Chase & Co.	0.00%	5,337	$812,000	trimmed−13%	0.00 pp	32 q
LBRDALiberty Broadband Corporation Class A	0.00%	15,078	$2M	added0%	0.00 pp	6 q
MSFTMicrosoft Corp	0.00%	1,750	$413,000	trimmed−5%	0.00 pp	32 q
RLRalph Lauren Corporation	0.00%	1,800	$222,000	new	0.00 pp	new
LUVSouthwest Airlines Co.	0.00%	8,440	$515,000	trimmed−54%	0.00 pp	15 q
STSensata Technologies Holding plc	0.00%	12,700	$736,000	new	0.00 pp	new
WTWWillis Towers Watson Public Limited Company	0.00%	3,289	$753,000	new	0.00 pp	new
STLAStellantis N.V.	0.00%	41,100	$731,000	new	0.00 pp	new
9991429DAptiv Irish Holdings Ltd	—	−2,085,897	—	exited	−0.53 pp	—
PHParker-Hannifin Corporation	—	−870,313	—	exited	−0.46 pp	—
9990302DApache Corp	—	−14,770,495	—	exited	−0.41 pp	—
TCOMTrip.com Group Limited	—	−3,674,182	—	exited	−0.24 pp	—
CXOConcho Resources Inc.	—	−1,330,143	—	exited	−0.15 pp	—
BBBlackBerry Limited	—	−4,797,500	—	exited	−0.06 pp	—
MASMasco Corporation	—	−186,211	—	exited	−0.02 pp	—
PRGOPerrigo Company PLC	—	−72,040	—	exited	−0.01 pp	—
unresolvedAmerican Intl Group Inc	—	−58	—	exited	0.00 pp	—
BCBrunswick Corporation	—	−8,450	—	exited	0.00 pp	—
TDOCTeladoc Health, Inc.	—	−2,344	—	exited	0.00 pp	—
unresolvedFiat Chrysler Automobiles NV s	—	−131,800	—	exited	0.00 pp	—