Harris Associates (Oakmark)

Q4 2021 13F · by Bill Nygren, CIO

As of: Dec 31, 2021
Filed: Feb 14, 2022
US stock: $64.2B · prev $62.8B
Positions: 142 · prev 137
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

+4.2 pp in · −4.1 pp out

New 10 +0.73 pp
Added 59 +3.42 pp
Trimmed 67 −2.47 pp
Exited 5 −1.63 pp

The book

Diversified · behaves like 43 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 20% a year, about 5.1 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions142 in this filing · 5 exited


GOOGLAlphabet Inc. Class A	8.10%	1,796,521	$5.2B	trimmed−4%	+0.13 pp	25 q
FISVFiserv, Inc.	3.78%	23,381,362	$2.4B	added+44%	+0.97 pp	5 q
BACBank of America Corporation	3.68%	53,172,150	$2.4B	trimmed−11%	−0.34 pp	35 q
CHTRCharter Comm Inc Del CL A New	3.25%	3,198,109	$2.1B	added+2%	−0.37 pp	23 q
HUMHumana Inc.	3.21%	4,439,280	$2.1B	added+1%	+0.49 pp	10 q
HCAHCA Healthcare, Inc.	3.14%	7,850,976	$2.0B	trimmed−1%	+0.06 pp	24 q
GMGeneral Motors Company	3.05%	33,438,060	$2.0B	trimmed−4%	+0.13 pp	35 q
CNHCnh Industrial N.v.	2.96%	97,910,801	$1.9B	trimmed−19%	−0.32 pp	5 q
KDPKeurig Dr Pepper Inc.	2.81%	48,953,336	$1.8B	added+3%	+0.23 pp	6 q
AIGAmerican International Group, Inc.	2.68%	30,309,640	$1.7B	trimmed−2%	−0.03 pp	35 q
CCitigroup Inc.	2.64%	28,107,283	$1.7B	trimmed−0%	−0.50 pp	32 q
BKNGBooking Holdings Inc.	2.50%	668,851	$1.6B	added0%	−0.03 pp	16 q
0VQJLTe Connectivity Ltd	2.21%	8,804,628	$1.4B	trimmed−4%	+0.20 pp	35 q
HLTHilton Worldwide Holdings Inc.	2.08%	8,551,345	$1.3B	trimmed−9%	+0.10 pp	16 q
METAMeta Platforms, Inc. Class A	1.97%	3,756,973	$1.3B	trimmed−0%	−0.06 pp	16 q
LBTYALiberty Global Ltd. Class A	1.87%	43,252,282	$1.2B	trimmed−7%	−0.33 pp	18 q
ALLYAlly Financial Inc.	1.84%	24,828,869	$1.2B	added+2%	−0.14 pp	25 q
NFLXNetFlix Inc	1.70%	1,817,197	$1.1B	trimmed−7%	−0.20 pp	18 q
CBRECbre Group, Inc.	1.65%	9,744,435	$1.1B	trimmed−5%	+0.06 pp	32 q
SCHWThe Charles Schwab Corporation	1.63%	12,469,818	$1.0B	trimmed−1%	+0.16 pp	14 q
STZConstellation Brands, Inc.	1.57%	4,031,037	$1.0B	trimmed−0%	+0.22 pp	12 q
BRK.BBERKSHIRE HATHAWAY Class B	1.51%	3,234,981	$967M	trimmed−2%	+0.08 pp	9 q
EOGEOG Resources, Inc.	1.36%	9,826,808	$873M	trimmed−3%	+0.06 pp	11 q
REGNRegeneron Pharmaceuticals Inc	1.30%	1,321,319	$834M	trimmed−0%	+0.02 pp	16 q
CMCSAComcast Corp	1.28%	16,399,361	$825M	trimmed−5%	−0.26 pp	35 q
COFCapital One Financial	1.24%	5,488,613	$796M	trimmed−6%	−0.27 pp	35 q
GDGeneral Dynamics Corporation	1.21%	3,725,866	$777M	added+1%	+0.06 pp	7 q
CVSCvs Health Corporation	1.14%	7,116,134	$734M	trimmed−12%	+0.05 pp	35 q
VVISA Inc.	1.09%	3,216,280	$697M	added+66%	+0.40 pp	35 q
RYAAYRyanair Holdings plc	1.06%	6,678,826	$683M	added+10%	−0.01 pp	16 q
WFCWells Fargo & Co.	1.02%	13,646,124	$655M	added+1%	+0.02 pp	35 q
LEALear Corporation	0.97%	3,403,233	$623M	trimmed−0%	+0.12 pp	35 q
TVGrupo Televisa S.A.	0.96%	65,860,239	$617M	added+1%	−0.18 pp	25 q
ORCLOracle Corp	0.91%	6,717,110	$586M	trimmed−8%	−0.10 pp	35 q
MAMastercard Incorporated	0.82%	1,458,639	$524M	added+28%	+0.19 pp	35 q
APAAPA Corporation	0.80%	19,148,135	$515M	trimmed−8%	+0.09 pp	4 q
GSGoldman Sachs Group Inc.	0.79%	1,322,250	$506M	trimmed−0%	−0.01 pp	35 q
ITGartner, Inc.	0.77%	1,473,406	$493M	trimmed−16%	−0.07 pp	15 q
RGAReinsurance Group of America, Incorporated	0.76%	4,430,058	$485M	added+11%	+0.05 pp	8 q
THCTenet Healthcare Corporation New	0.76%	6,000,495	$490M	trimmed−11%	+0.05 pp	35 q
IPGThe Interpublic Group of Companies, Inc.	0.72%	12,404,470	$465M	added+3%	+0.01 pp	31 q
STTState Street Corporation	0.68%	4,722,981	$439M	trimmed−3%	+0.02 pp	35 q
GEGE Aerospace	0.66%	4,499,387	$425M	trimmed−0%	−0.08 pp	2 q
BWABorgWarner Inc.	0.63%	8,954,978	$404M	added+86%	+0.30 pp	35 q
WDAYWorkday, Inc. Class A	0.63%	1,482,932	$405M	trimmed−37%	−0.31 pp	9 q
COPConocoPhillips	0.62%	5,520,677	$398M	added+4%	+0.05 pp	4 q
OTEXOpen Text Corp	0.61%	8,188,015	$389M	added+2%	−0.01 pp	10 q
WTWWillis Towers Watson Public Limited Company	0.61%	1,649,082	$392M	added×161.0	+0.61 pp	4 q
AXPAmerican Express Company	0.58%	2,271,272	$372M	added+2%	−0.01 pp	8 q
GOOGAlphabet Inc. Class C	0.55%	122,227	$354M	trimmed−8%	−0.01 pp	31 q
ICEIntercontinental Exchange Inc.	0.55%	2,569,528	$351M	added+25%	+0.18 pp	3 q
QSRRestaurant Brands International Inc.	0.53%	5,648,088	$343M	added+41%	+0.14 pp	5 q
DXCDXC Technology Company	0.52%	10,418,420	$335M	trimmed−3%	−0.05 pp	17 q
HWMHowmet Aerospace Inc.	0.52%	10,550,805	$336M	added+6%	+0.03 pp	20 q
LIVNLivaNova PLC	0.52%	3,823,266	$334M	added0%	+0.04 pp	17 q
FANGDiamondback Energy, Inc.	0.51%	3,041,049	$328M	trimmed−7%	+0.01 pp	11 q
VIPSVipshop Holdings Limited	0.50%	38,410,444	$323M	added+35%	−0.01 pp	2 q
EBAYeBay Inc	0.49%	4,733,292	$315M	trimmed−7%	−0.07 pp	13 q
TMUST-Mobile US, Inc.	0.47%	2,611,740	$303M	added+58%	+0.13 pp	7 q
KKRKKR & Co. Inc.	0.46%	3,928,941	$293M	trimmed−9%	+0.04 pp	5 q
LBRDKLiberty Broadband Corporation Class C	0.46%	1,817,779	$293M	added+1%	−0.04 pp	25 q
MOAltria Group, Inc.	0.45%	6,142,899	$291M	added+20%	+0.08 pp	4 q
BNYBank of New York Mellon Corporation	0.43%	4,793,246	$278M	added0%	+0.03 pp	35 q
CDKCDK Global, Inc.	0.42%	6,425,459	$268M	added+11%	+0.03 pp	10 q
THOThor Industries, Inc.	0.42%	2,603,695	$270M	added+4%	−0.07 pp	15 q
ADPAutomatic Data Processing	0.41%	1,064,176	$262M	trimmed−56%	−0.36 pp	35 q
MCOMoody's Corporation	0.39%	646,957	$253M	trimmed−40%	−0.22 pp	20 q
NOVNOV Inc.	0.39%	18,377,342	$249M	added+2%	+0.01 pp	4 q
CSLCarlisle Companies, Inc.	0.38%	977,365	$243M	trimmed−15%	+0.01 pp	16 q
PMPhilip Morris International Inc.	0.36%	2,411,111	$229M	added0%	0.00 pp	35 q
HALHalliburton Company	0.35%	9,909,041	$227M	trimmed−2%	0.00 pp	13 q
POSTPost Holdings, Inc.	0.35%	1,970,514	$222M	trimmed−1%	0.00 pp	14 q
HHCThe Howard Hughes Corporation	0.32%	1,997,868	$203M	added+16%	+0.08 pp	35 q
FLSFlowserve Corporation	0.31%	6,513,130	$199M	added0%	−0.05 pp	7 q
ALSNAllison Transmission Holdings, Inc.	0.29%	5,154,838	$187M	added+10%	+0.03 pp	4 q
PCARPaccar Inc	0.28%	2,053,845	$181M	added+34%	+0.09 pp	2 q
TTWOTake-Two Interactive Software Inc	0.28%	1,026,868	$182M	new	+0.28 pp	new
CRMSalesforce, Inc.	0.27%	690,212	$175M	added+1%	−0.03 pp	4 q
ARNCArconic Corporation	0.26%	5,042,883	$166M	added+3%	+0.01 pp	7 q
CMICummins Inc.	0.26%	763,413	$167M	added0%	−0.01 pp	35 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.23%	3,280,516	$148M	trimmed−8%	−0.01 pp	8 q
GPNGlobal Payments, Inc.	0.22%	1,046,065	$141M	new	+0.22 pp	new
MANManpowerGroup	0.21%	1,358,872	$132M	added+5%	−0.01 pp	12 q
91990EURCushman & Wakefield UK Holdc	0.20%	5,856,144	$130M	added+7%	+0.04 pp	3 q
PDCEPDC Energy, Inc.	0.19%	2,449,268	$119M	trimmed−0%	0.00 pp	18 q
WENThe Wendy's Company	0.19%	5,224,936	$125M	new	+0.19 pp	new
SEESealed Air Corp New	0.18%	1,666,660	$112M	added+1%	+0.04 pp	7 q
JCIJohnson Controls International plc	0.17%	1,319,599	$107M	trimmed−49%	−0.11 pp	17 q
CRICarter's Inc.	0.16%	1,038,194	$105M	added+16%	+0.02 pp	35 q
SPGIS&P Global Inc.	0.16%	219,147	$103M	trimmed−48%	−0.13 pp	12 q
BLQADBlackrock Inc	0.13%	89,292	$82M	trimmed−1%	+0.01 pp	35 q
unresolvedQurate Retail Inc	0.12%	9,936,386	$76M	added0%	−0.04 pp	15 q
CITCIT Group Inc.	0.11%	1,381,841	$71M	added0%	0.00 pp	4 q
CHXChampionX Corporation	0.10%	3,291,742	$67M	added+5%	−0.01 pp	15 q
DISThe Walt Disney Company	0.09%	370,867	$57M	added+19%	+0.01 pp	7 q
unresolvedGohealth Inc	0.08%	14,076,341	$53M	trimmed−1%	−0.03 pp	4 q
DLTRDollar Tree Inc.	0.07%	327,790	$46M	added+7%	+0.02 pp	2 q
FCNCAFirst Citizens BancShares Inc	0.07%	57,778	$48M	added0%	−0.01 pp	4 q
AAPLApple Inc.	0.06%	222,047	$39M	trimmed−6%	+0.01 pp	35 q
ALVAutoliv, Inc.	0.06%	381,270	$39M	trimmed−28%	−0.01 pp	12 q
ZBHZimmer Biomet Holdings, Inc.	0.06%	293,668	$37M	added0%	−0.01 pp	16 q
BGBunge Global SA	0.05%	336,966	$31M	trimmed−27%	−0.01 pp	6 q
ARMKAramark	0.04%	671,304	$25M	added+6%	+0.01 pp	6 q
EFXEquifax, Incorporated	0.04%	79,119	$23M	trimmed−32%	−0.01 pp	15 q
GLPIGaming and Leisure Properties, Inc.	0.04%	497,321	$24M	trimmed−13%	0.00 pp	33 q
HIIHuntington Ingalls Industries, Inc.	0.04%	130,112	$24M	added+26%	+0.01 pp	4 q
OPLNOPENLANE, Inc	0.04%	1,468,933	$23M	added×10.2	+0.04 pp	2 q
TXNTexas Instruments Incorporated	0.04%	132,322	$25M	trimmed−8%	0.00 pp	35 q
CBChubb Limited	0.04%	134,248	$26M	trimmed−0%	0.00 pp	6 q
AMZNAmazon.Com Inc	0.03%	5,874	$20M	new	+0.03 pp	new
REYNReynolds Consumer Products Inc.	0.03%	697,830	$22M	added+55%	+0.01 pp	3 q
WMGWarner Music Group Corp. Class A	0.03%	403,933	$17M	added+6%	0.00 pp	2 q
DEODiageo plc	0.02%	52,710	$12M	trimmed−23%	0.00 pp	35 q
EEFTEuronet Worldwide Inc	0.02%	101,004	$12M	added+11%	0.00 pp	7 q
GILGildan Activewear Inc.	0.02%	231,300	$10M	trimmed−58%	−0.01 pp	9 q
HRIHerc Holdings Inc.	0.02%	100,274	$16M	trimmed−17%	−0.01 pp	23 q
NDAQNasdaq, Inc.	0.02%	63,176	$13M	trimmed−72%	−0.05 pp	11 q
QRVOQorvo, Inc.	0.02%	91,804	$14M	held	—	17 q
ACVAACV Auctions Inc.	0.01%	446,225	$8M	new	+0.01 pp	new
CATCaterpillar Inc.	0.01%	22,893	$5M	trimmed−23%	0.00 pp	33 q
DOVDover Corporation	0.01%	49,641	$9M	trimmed−1%	0.00 pp	35 q
LBRDALiberty Broadband Corporation Class A	0.01%	45,048	$7M	added+11%	0.00 pp	9 q
PINSPinterest, Inc. Class A	0.01%	96,447	$4M	held	—	9 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	13,896	$7M	trimmed−34%	0.00 pp	35 q
AONAon plc Class A	0.01%	10,705	$3M	trimmed−27%	0.00 pp	7 q
LBTYKLiberty Global Ltd. Class C	0.01%	238,014	$7M	trimmed−22%	0.00 pp	18 q
BAXBaxter International Inc.	0.00%	17,150	$1M	trimmed−35%	0.00 pp	24 q
ITWIllinois Tool Works Inc.	0.00%	3,100	$765,000	held	—	35 q
INTCIntel Corp	0.00%	25,000	$1M	trimmed−12%	0.00 pp	35 q
IWDiShares Russell 1000 Value ETF	0.00%	6,120	$1M	new	0.00 pp	new
JPMJPMorgan Chase & Co.	0.00%	5,337	$845,000	held	—	35 q
LMTLockheed Martin Corp.	0.00%	4,417	$2M	added+20%	0.00 pp	2 q
MGMMgm Resorts International	0.00%	19,675	$883,000	trimmed−54%	0.00 pp	24 q
MSFTMicrosoft Corp	0.00%	1,750	$589,000	held	—	35 q
PHMPultegroup, Inc.	0.00%	7,668	$438,000	new	0.00 pp	new
RLRalph Lauren Corporation	0.00%	1,800	$214,000	new	0.00 pp	new
RTLRRattler Midstream LP	0.00%	105,588	$1M	held	—	2 q
SPYState Street SPDR S&P 500 ETF Trust	0.00%	616	$293,000	new	0.00 pp	new
TKRThe Timken Company	0.00%	6,950	$482,000	new	0.00 pp	new
TRNTrinity Industries, Inc.	0.00%	16,100	$486,000	trimmed−6%	0.00 pp	19 q
TCOMTrip.com Group Limited	0.00%	59,800	$1M	trimmed−98%	−0.13 pp	2 q
STSensata Technologies Holding plc	0.00%	43,115	$3M	added×2.3	0.00 pp	4 q
BABAAlibaba Group Holding Limited	—	−4,779,180	—	exited	−1.13 pp	—
CVECenovus Energy Inc.	—	−31,414,185	—	exited	−0.50 pp	—
CHRWC.H. Robinson Worldwide, Inc.	—	−2,800	—	exited	0.00 pp	—
WABWabtec Inc.	—	−33,020	—	exited	0.00 pp	—
WEXWEX Inc.	—	−17,176	—	exited	0.00 pp	—