Harris Associates (Oakmark)

Q3 2021 13F · by Bill Nygren, CIO

As of: Sep 30, 2021
Filed: Nov 15, 2021
US stock: $62.8B · prev $62.8B
Positions: 137 · prev 136
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%

Moves141 since the prior filing

+3.6 pp in · −3.7 pp out

New 9 +1.65 pp
Added 52 +2.00 pp
Trimmed 72 −2.75 pp
Exited 8 −0.94 pp

The book

Diversified · behaves like 43 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 18% a year, about 5.5 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions137 in this filing · 8 exited


GOOGLAlphabet Inc. Class A	7.97%	1,871,337	$5.0B	trimmed−5%	+0.33 pp	24 q
BACBank of America Corporation	4.02%	59,464,549	$2.5B	trimmed−8%	−0.23 pp	34 q
CHTRCharter Comm Inc Del CL A New	3.62%	3,121,292	$2.3B	trimmed−1%	0.00 pp	22 q
CNHCnh Industrial N.v.	3.28%	121,054,120	$2.1B	trimmed−10%	−0.26 pp	4 q
CCitigroup Inc.	3.14%	28,125,763	$2.0B	added+3%	+0.05 pp	31 q
HCAHCA Healthcare, Inc.	3.08%	7,959,746	$1.9B	trimmed−9%	+0.19 pp	23 q
GMGeneral Motors Company	2.92%	34,716,412	$1.8B	trimmed−0%	−0.37 pp	34 q
FISVFiserv, Inc.	2.81%	16,278,281	$1.8B	added+35%	+0.75 pp	4 q
HUMHumana Inc.	2.72%	4,395,116	$1.7B	added+31%	+0.35 pp	9 q
AIGAmerican International Group, Inc.	2.71%	31,039,916	$1.7B	trimmed−1%	+0.34 pp	34 q
KDPKeurig Dr Pepper Inc.	2.58%	47,416,212	$1.6B	added+2%	−0.02 pp	5 q
BKNGBooking Holdings Inc.	2.53%	668,053	$1.6B	added0%	+0.21 pp	15 q
LBTYALiberty Global Ltd. Class A	2.20%	46,289,532	$1.4B	trimmed−9%	−0.01 pp	17 q
METAMeta Platforms, Inc. Class A	2.03%	3,757,754	$1.3B	trimmed−7%	−0.20 pp	15 q
0VQJLTe Connectivity Ltd	2.01%	9,189,265	$1.3B	trimmed−2%	−0.01 pp	34 q
ALLYAlly Financial Inc.	1.98%	24,328,415	$1.2B	added0%	+0.06 pp	24 q
HLTHilton Worldwide Holdings Inc.	1.98%	9,430,421	$1.2B	trimmed−1%	+0.16 pp	15 q
NFLXNetFlix Inc	1.90%	1,950,863	$1.2B	added+1%	+0.27 pp	17 q
CBRECbre Group, Inc.	1.59%	10,272,317	$1.0B	trimmed−6%	+0.10 pp	31 q
CMCSAComcast Corp	1.54%	17,276,993	$966M	trimmed−3%	−0.09 pp	34 q
COFCapital One Financial	1.51%	5,841,599	$946M	trimmed−7%	−0.03 pp	34 q
SCHWThe Charles Schwab Corporation	1.47%	12,627,043	$920M	added+2%	+0.03 pp	13 q
BRK.BBERKSHIRE HATHAWAY Class B	1.43%	3,298,425	$900M	added0%	−0.02 pp	8 q
STZConstellation Brands, Inc.	1.35%	4,033,274	$850M	trimmed−0%	−0.15 pp	11 q
EOGEOG Resources, Inc.	1.30%	10,155,913	$815M	added+7%	+0.04 pp	10 q
REGNRegeneron Pharmaceuticals Inc	1.28%	1,326,296	$803M	trimmed−8%	−0.01 pp	15 q
GDGeneral Dynamics Corporation	1.15%	3,694,716	$724M	added+1%	+0.05 pp	6 q
TVGrupo Televisa S.A.	1.14%	65,233,939	$716M	added+1%	−0.33 pp	24 q
BABAAlibaba Group Holding Limited	1.13%	4,779,180	$708M	added+54%	+0.01 pp	7 q
CVSCvs Health Corporation	1.09%	8,083,496	$686M	trimmed−5%	−0.05 pp	34 q
RYAAYRyanair Holdings plc	1.07%	6,090,220	$670M	added+8%	+0.10 pp	15 q
ORCLOracle Corp	1.01%	7,295,585	$636M	trimmed−1%	+0.09 pp	34 q
WFCWells Fargo & Co.	1.00%	13,487,892	$626M	added+2%	+0.05 pp	34 q
WDAYWorkday, Inc. Class A	0.94%	2,364,511	$591M	trimmed−9%	−0.05 pp	8 q
LEALear Corporation	0.85%	3,414,841	$534M	added+2%	−0.09 pp	34 q
ITGartner, Inc.	0.84%	1,745,475	$530M	added0%	+0.17 pp	14 q
GSGoldman Sachs Group Inc.	0.80%	1,323,560	$500M	trimmed−0%	0.00 pp	34 q
ADPAutomatic Data Processing	0.77%	2,414,119	$483M	trimmed−15%	−0.13 pp	34 q
GEGE Aerospace	0.74%	4,512,268	$465M	new	+0.74 pp	new
APAAPA Corporation	0.71%	20,774,380	$445M	added0%	−0.01 pp	3 q
IPGThe Interpublic Group of Companies, Inc.	0.71%	12,096,243	$444M	trimmed−5%	+0.05 pp	30 q
RGAReinsurance Group of America, Incorporated	0.71%	3,982,329	$443M	added+1%	−0.01 pp	7 q
THCTenet Healthcare Corporation New	0.71%	6,709,450	$446M	added+3%	+0.02 pp	34 q
VVISA Inc.	0.69%	1,940,680	$432M	trimmed−10%	−0.12 pp	34 q
STTState Street Corporation	0.66%	4,866,234	$412M	trimmed−2%	+0.01 pp	34 q
MAMastercard Incorporated	0.63%	1,142,523	$397M	trimmed−5%	−0.07 pp	34 q
OTEXOpen Text Corp	0.62%	8,012,615	$391M	trimmed−26%	−0.26 pp	9 q
MCOMoody's Corporation	0.61%	1,070,028	$380M	trimmed−17%	−0.13 pp	19 q
AXPAmerican Express Company	0.59%	2,227,478	$373M	trimmed−0%	0.00 pp	7 q
COPConocoPhillips	0.57%	5,284,332	$358M	added+24%	+0.16 pp	3 q
DXCDXC Technology Company	0.57%	10,731,134	$361M	trimmed−2%	−0.11 pp	16 q
GOOGAlphabet Inc. Class C	0.56%	132,529	$353M	trimmed−12%	−0.04 pp	30 q
EBAYeBay Inc	0.56%	5,075,887	$354M	trimmed−15%	−0.11 pp	12 q
VIPSVipshop Holdings Limited	0.51%	28,525,800	$318M	new	+0.51 pp	new
CVECenovus Energy Inc.	0.50%	31,414,185	$316M	trimmed−42%	−0.33 pp	15 q
FANGDiamondback Energy, Inc.	0.50%	3,283,437	$311M	added0%	+0.01 pp	10 q
LBRDKLiberty Broadband Corporation Class C	0.50%	1,806,888	$312M	trimmed−2%	−0.01 pp	24 q
HWMHowmet Aerospace Inc.	0.49%	9,917,205	$309M	trimmed−13%	−0.14 pp	19 q
THOThor Industries, Inc.	0.49%	2,504,908	$308M	added+30%	+0.14 pp	14 q
LIVNLivaNova PLC	0.48%	3,814,865	$302M	added+1%	−0.03 pp	16 q
KKRKKR & Co. Inc.	0.42%	4,306,213	$262M	added0%	+0.01 pp	4 q
BNYBank of New York Mellon Corporation	0.40%	4,786,061	$248M	trimmed−5%	−0.01 pp	34 q
CDKCDK Global, Inc.	0.39%	5,813,915	$247M	added+8%	−0.04 pp	9 q
QSRRestaurant Brands International Inc.	0.39%	3,996,643	$245M	trimmed−0%	−0.02 pp	4 q
NOVNOV Inc.	0.38%	17,998,461	$236M	added+12%	−0.01 pp	3 q
MOAltria Group, Inc.	0.37%	5,110,129	$233M	added0%	−0.02 pp	3 q
CSLCarlisle Companies, Inc.	0.37%	1,155,815	$230M	trimmed−2%	+0.01 pp	15 q
ICEIntercontinental Exchange Inc.	0.37%	2,049,565	$235M	added+54%	+0.12 pp	2 q
FLSFlowserve Corporation	0.36%	6,487,883	$225M	added+6%	−0.03 pp	6 q
PMPhilip Morris International Inc.	0.36%	2,403,128	$228M	trimmed−5%	−0.04 pp	34 q
HALHalliburton Company	0.35%	10,064,906	$218M	added0%	−0.02 pp	12 q
POSTPost Holdings, Inc.	0.35%	1,982,992	$218M	added+2%	+0.01 pp	13 q
TMUST-Mobile US, Inc.	0.34%	1,654,567	$211M	added+1%	−0.04 pp	6 q
BWABorgWarner Inc.	0.33%	4,817,900	$208M	trimmed−0%	−0.04 pp	34 q
CRMSalesforce, Inc.	0.30%	683,552	$185M	added+2%	+0.04 pp	3 q
SPGIS&P Global Inc.	0.29%	424,437	$180M	trimmed−14%	−0.03 pp	11 q
JCIJohnson Controls International plc	0.28%	2,588,086	$176M	trimmed−47%	−0.26 pp	16 q
CMICummins Inc.	0.27%	763,236	$171M	trimmed−7%	−0.05 pp	34 q
ALSNAllison Transmission Holdings, Inc.	0.26%	4,679,948	$165M	added+16%	+0.01 pp	3 q
ARNCArconic Corporation	0.25%	4,882,683	$154M	added+3%	−0.02 pp	6 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.24%	3,549,281	$148M	trimmed−33%	−0.12 pp	7 q
HHCThe Howard Hughes Corporation	0.24%	1,718,122	$151M	trimmed−1%	−0.03 pp	34 q
MANManpowerGroup	0.22%	1,295,086	$140M	added+1%	−0.02 pp	11 q
PDCEPDC Energy, Inc.	0.19%	2,454,268	$116M	trimmed−3%	+0.01 pp	17 q
PCARPaccar Inc	0.19%	1,537,540	$121M	new	+0.19 pp	new
unresolvedQurate Retail Inc	0.16%	9,915,371	$101M	trimmed−3%	−0.05 pp	14 q
91990EURCushman & Wakefield UK Holdc	0.16%	5,463,236	$102M	added×5.6	+0.13 pp	2 q
CRICarter's Inc.	0.14%	893,804	$87M	added0%	−0.01 pp	34 q
SEESealed Air Corp New	0.14%	1,644,270	$90M	added+2%	−0.01 pp	6 q
TCOMTrip.com Group Limited	0.13%	2,682,133	$82M	new	+0.13 pp	new
BLQADBlackrock Inc	0.12%	89,896	$75M	added+1%	0.00 pp	34 q
CITCIT Group Inc.	0.11%	1,378,766	$72M	trimmed−0%	0.00 pp	3 q
CHXChampionX Corporation	0.11%	3,121,917	$70M	trimmed−3%	−0.02 pp	14 q
unresolvedGohealth Inc	0.11%	14,184,525	$71M	added+11%	−0.12 pp	3 q
DISThe Walt Disney Company	0.08%	311,886	$53M	added+14%	0.00 pp	6 q
FCNCAFirst Citizens BancShares Inc	0.08%	57,615	$49M	trimmed−0%	0.00 pp	3 q
ALVAutoliv, Inc.	0.07%	531,855	$46M	added+52%	+0.02 pp	11 q
NDAQNasdaq, Inc.	0.07%	228,352	$44M	trimmed−13%	0.00 pp	10 q
ZBHZimmer Biomet Holdings, Inc.	0.07%	293,473	$43M	trimmed−1%	−0.01 pp	15 q
BGBunge Global SA	0.06%	459,806	$37M	added+9%	+0.01 pp	5 q
AAPLApple Inc.	0.05%	235,505	$33M	trimmed−16%	−0.01 pp	34 q
DLTRDollar Tree Inc.	0.05%	305,390	$29M	new	+0.05 pp	new
EFXEquifax, Incorporated	0.05%	116,299	$29M	trimmed−39%	−0.02 pp	14 q
GLPIGaming and Leisure Properties, Inc.	0.04%	574,167	$27M	trimmed−13%	−0.01 pp	32 q
TXNTexas Instruments Incorporated	0.04%	143,432	$28M	trimmed−24%	−0.02 pp	34 q
CBChubb Limited	0.04%	134,718	$23M	trimmed−0%	+0.01 pp	5 q
ARMKAramark	0.03%	630,579	$21M	added+8%	0.00 pp	5 q
GILGildan Activewear Inc.	0.03%	551,300	$20M	trimmed−10%	−0.01 pp	8 q
HRIHerc Holdings Inc.	0.03%	120,921	$20M	trimmed−79%	−0.08 pp	22 q
HIIHuntington Ingalls Industries, Inc.	0.03%	103,677	$20M	added+39%	+0.01 pp	3 q
WMGWarner Music Group Corp. Class A	0.03%	382,655	$16M	new	+0.03 pp	new
DEODiageo plc	0.02%	68,369	$13M	trimmed−60%	−0.03 pp	34 q
EEFTEuronet Worldwide Inc	0.02%	91,135	$12M	trimmed−3%	0.00 pp	6 q
QRVOQorvo, Inc.	0.02%	91,804	$15M	trimmed−2%	−0.01 pp	16 q
REYNReynolds Consumer Products Inc.	0.02%	450,590	$12M	added×8.2	+0.02 pp	2 q
CATCaterpillar Inc.	0.01%	29,740	$6M	trimmed−65%	−0.02 pp	32 q
DOVDover Corporation	0.01%	50,158	$8M	trimmed−32%	−0.01 pp	34 q
LBRDALiberty Broadband Corporation Class A	0.01%	40,728	$7M	added+1%	0.00 pp	8 q
PINSPinterest, Inc. Class A	0.01%	96,447	$5M	trimmed−5%	0.00 pp	8 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	21,063	$8M	trimmed−13%	−0.01 pp	34 q
AONAon plc Class A	0.01%	14,584	$4M	trimmed−6%	0.00 pp	6 q
LBTYKLiberty Global Ltd. Class C	0.01%	304,454	$9M	trimmed−94%	−0.21 pp	17 q
BAXBaxter International Inc.	0.00%	26,277	$2M	added+3%	0.00 pp	23 q
CHRWC.H. Robinson Worldwide, Inc.	0.00%	2,800	$244,000	trimmed−47%	0.00 pp	22 q
ITWIllinois Tool Works Inc.	0.00%	3,100	$641,000	held	—	34 q
INTCIntel Corp	0.00%	28,400	$2M	trimmed−40%	0.00 pp	34 q
JPMJPMorgan Chase & Co.	0.00%	5,337	$874,000	held	—	34 q
OPLNOPENLANE, Inc	0.00%	143,785	$2M	new	0.00 pp	new
LMTLockheed Martin Corp.	0.00%	3,670	$1M	new	0.00 pp	new
MGMMgm Resorts International	0.00%	42,600	$2M	held	—	23 q
MSFTMicrosoft Corp	0.00%	1,750	$493,000	held	—	34 q
RTLRRattler Midstream LP	0.00%	105,588	$1M	new	0.00 pp	new
TRNTrinity Industries, Inc.	0.00%	17,200	$467,000	trimmed−70%	0.00 pp	18 q
WABWabtec Inc.	0.00%	33,020	$3M	trimmed−41%	−0.01 pp	11 q
WEXWEX Inc.	0.00%	17,176	$3M	trimmed−2%	−0.01 pp	6 q
STSensata Technologies Holding plc	0.00%	18,450	$1M	added+49%	0.00 pp	3 q
WTWWillis Towers Watson Public Limited Company	0.00%	10,245	$2M	added×3.1	0.00 pp	3 q
unresolvedGeneral Electric Co	—	−42,152,806	—	exited	−0.90 pp	—
VLRSControladora Vuela Compania De Aviacion, S.a.b. De C.v.	—	−1,168,488	—	exited	−0.04 pp	—
AAgilent Technologies Inc.	—	−18,698	—	exited	0.00 pp	—
BABoeing Company	—	−1,066	—	exited	0.00 pp	—
KMXCarMax Inc.	—	−1,875	—	exited	0.00 pp	—
FDXFedEx Corporation	—	−830	—	exited	0.00 pp	—
WOOFoot Locker Inc	—	−4,000	—	exited	0.00 pp	—
RLRalph Lauren Corporation	—	−1,800	—	exited	0.00 pp	—