Harris Associates (Oakmark)

Q1 2022 13F · by Bill Nygren, CIO

As of: Mar 31, 2022
Filed: May 16, 2022
US stock: $62.2B · prev $64.2B
Positions: 140 · prev 142
Options notional: $0
Documents: 1· no amendments

Picture81.9% US stock

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

US stock listed on a US exchange 81.9%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 18.1%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves143 since the prior filing

+7.8 pp in · −7.7 pp out

New 7 +0.91 pp
Added 60 +6.87 pp
Trimmed 67 −7.54 pp
Exited 9 −0.21 pp

The book

Diversified · behaves like 47 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

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

Low
Moderate
High

Top 5 positions21% of US stock

Positions140 in this filing · 9 exited


GOOGLAlphabet Inc. Class A	7.71%	1,723,628	$4.8B	trimmed−4%	−0.39 pp	26 q
FISVFiserv, Inc.	3.93%	24,085,796	$2.4B	added+3%	+0.15 pp	6 q
CHTRCharter Comm Inc Del CL A New	3.63%	4,132,153	$2.3B	added+29%	+0.38 pp	24 q
HCAHCA Healthcare, Inc.	3.08%	7,646,769	$1.9B	trimmed−3%	−0.06 pp	25 q
BACBank of America Corporation	2.93%	44,141,207	$1.8B	trimmed−17%	−0.75 pp	36 q
GMGeneral Motors Company	2.89%	41,029,259	$1.8B	added+23%	−0.16 pp	36 q
AIGAmerican International Group, Inc.	2.81%	27,839,991	$1.7B	trimmed−8%	+0.13 pp	36 q
KDPKeurig Dr Pepper Inc.	2.71%	44,485,455	$1.7B	trimmed−9%	−0.10 pp	7 q
BKNGBooking Holdings Inc.	2.51%	665,415	$1.6B	trimmed−1%	+0.01 pp	17 q
CNHCnh Industrial N.v.	2.37%	92,317,730	$1.5B	trimmed−6%	−0.59 pp	6 q
CCitigroup Inc.	2.31%	26,870,894	$1.4B	trimmed−4%	−0.33 pp	33 q
HUMHumana Inc.	2.15%	3,065,934	$1.3B	trimmed−31%	−1.06 pp	11 q
ALLYAlly Financial Inc.	1.87%	26,673,412	$1.2B	added+7%	+0.03 pp	26 q
AMZNAmazon.Com Inc	1.78%	340,250	$1.1B	added×57.9	+1.75 pp	2 q
LBTYALiberty Global Ltd. Class A	1.73%	42,225,879	$1.1B	trimmed−2%	−0.14 pp	19 q
0VQJLTe Connectivity Ltd	1.72%	8,188,259	$1.1B	trimmed−7%	−0.49 pp	36 q
NFLXNetFlix Inc	1.68%	2,790,355	$1.0B	added+54%	−0.02 pp	19 q
EOGEOG Resources, Inc.	1.65%	8,614,386	$1.0B	trimmed−12%	+0.29 pp	12 q
SCHWThe Charles Schwab Corporation	1.63%	12,035,564	$1.0B	trimmed−3%	0.00 pp	15 q
CBRECbre Group, Inc.	1.45%	9,885,065	$905M	added+1%	−0.20 pp	33 q
METAMeta Platforms, Inc. Class A	1.41%	3,938,174	$876M	added+5%	−0.56 pp	17 q
WTWWillis Towers Watson Public Limited Company	1.36%	3,579,202	$845M	added×2.2	+0.75 pp	5 q
APAAPA Corporation	1.30%	19,504,569	$806M	added+2%	+0.50 pp	5 q
BRK.BBERKSHIRE HATHAWAY Class B	1.28%	2,254,632	$796M	trimmed−30%	−0.23 pp	10 q
HLTHilton Worldwide Holdings Inc.	1.28%	5,262,265	$798M	trimmed−38%	−0.80 pp	17 q
STZConstellation Brands, Inc.	1.24%	3,350,886	$772M	trimmed−17%	−0.33 pp	13 q
REGNRegeneron Pharmaceuticals Inc	1.23%	1,093,017	$763M	trimmed−17%	−0.07 pp	17 q
COFCapital One Financial	1.17%	5,533,657	$727M	added+1%	−0.07 pp	36 q
CMCSAComcast Corp	1.17%	15,508,250	$726M	trimmed−5%	−0.11 pp	36 q
TVGrupo Televisa S.A.	1.14%	60,752,655	$711M	trimmed−8%	+0.18 pp	26 q
WFCWells Fargo & Co.	1.09%	13,970,061	$677M	added+2%	+0.07 pp	36 q
RYAAYRyanair Holdings plc	1.08%	7,717,068	$672M	added+16%	+0.02 pp	17 q
VVISA Inc.	1.07%	3,000,154	$665M	trimmed−7%	−0.02 pp	36 q
ORCLOracle Corp	0.90%	6,798,292	$562M	added+1%	−0.01 pp	36 q
RGAReinsurance Group of America, Incorporated	0.84%	4,751,718	$520M	added+7%	+0.08 pp	9 q
COPConocoPhillips	0.83%	5,143,223	$514M	trimmed−7%	+0.21 pp	5 q
THCTenet Healthcare Corporation New	0.82%	5,909,136	$508M	trimmed−2%	+0.06 pp	36 q
GDGeneral Dynamics Corporation	0.76%	1,947,998	$470M	trimmed−48%	−0.45 pp	8 q
IPGThe Interpublic Group of Companies, Inc.	0.75%	13,179,694	$467M	added+6%	+0.03 pp	32 q
LEALear Corporation	0.75%	3,269,418	$466M	trimmed−4%	−0.22 pp	36 q
PINSPinterest, Inc. Class A	0.73%	18,558,778	$457M	added×192.4	+0.72 pp	10 q
GSGoldman Sachs Group Inc.	0.72%	1,352,805	$447M	added+2%	−0.07 pp	36 q
MAMastercard Incorporated	0.72%	1,260,226	$450M	trimmed−14%	−0.10 pp	36 q
OTEXOpen Text Corp	0.69%	10,109,221	$429M	added+23%	+0.08 pp	11 q
CVSCvs Health Corporation	0.68%	4,166,957	$422M	trimmed−41%	−0.46 pp	36 q
CRMSalesforce, Inc.	0.68%	2,004,650	$426M	added×2.9	+0.41 pp	5 q
WDAYWorkday, Inc. Class A	0.66%	1,706,091	$409M	added+15%	+0.03 pp	10 q
MOAltria Group, Inc.	0.64%	7,601,176	$397M	added+24%	+0.19 pp	5 q
STTState Street Corporation	0.64%	4,582,592	$399M	trimmed−3%	−0.04 pp	36 q
BLQADBlackrock Inc	0.63%	509,566	$389M	added×5.7	+0.50 pp	36 q
BWABorgWarner Inc.	0.63%	10,069,416	$392M	added+12%	0.00 pp	36 q
ITGartner, Inc.	0.63%	1,307,645	$389M	trimmed−11%	−0.14 pp	16 q
AXPAmerican Express Company	0.62%	2,067,127	$387M	trimmed−9%	+0.04 pp	9 q
GEGE Aerospace	0.61%	4,121,452	$377M	trimmed−8%	−0.05 pp	3 q
HWMHowmet Aerospace Inc.	0.60%	10,363,183	$372M	trimmed−2%	+0.08 pp	21 q
KKRKKR & Co. Inc.	0.59%	6,286,800	$368M	added+60%	+0.13 pp	6 q
GPNGlobal Payments, Inc.	0.58%	2,625,200	$359M	added×2.5	+0.36 pp	2 q
NOVNOV Inc.	0.58%	18,528,147	$363M	added+1%	+0.19 pp	5 q
VIPSVipshop Holdings Limited	0.58%	39,745,612	$358M	added+3%	+0.08 pp	3 q
TMUST-Mobile US, Inc.	0.57%	2,758,911	$354M	added+6%	+0.10 pp	8 q
ICEIntercontinental Exchange Inc.	0.56%	2,613,101	$345M	added+2%	+0.01 pp	4 q
GOOGAlphabet Inc. Class C	0.54%	120,931	$338M	trimmed−1%	−0.01 pp	32 q
FANGDiamondback Energy, Inc.	0.53%	2,416,844	$331M	trimmed−21%	+0.02 pp	12 q
CDKCDK Global, Inc.	0.52%	6,667,131	$325M	added+4%	+0.10 pp	11 q
QSRRestaurant Brands International Inc.	0.51%	5,390,233	$315M	trimmed−5%	−0.02 pp	6 q
LIVNLivaNova PLC	0.51%	3,872,581	$317M	added+1%	−0.01 pp	18 q
EBAYeBay Inc	0.45%	4,871,088	$279M	added+3%	−0.04 pp	14 q
TTWOTake-Two Interactive Software Inc	0.44%	1,776,156	$273M	added+73%	+0.16 pp	2 q
LBRDKLiberty Broadband Corporation Class C	0.41%	1,896,414	$257M	added+4%	−0.05 pp	26 q
THOThor Industries, Inc.	0.41%	3,259,324	$257M	added+25%	−0.01 pp	16 q
FLSFlowserve Corporation	0.40%	6,894,286	$248M	added+6%	+0.09 pp	8 q
CSLCarlisle Companies, Inc.	0.38%	965,083	$237M	trimmed−1%	0.00 pp	17 q
EFXEquifax, Incorporated	0.38%	1,004,399	$238M	added×12.7	+0.34 pp	16 q
LADLithia Motors, Inc.	0.38%	778,500	$234M	new	+0.38 pp	new
BNYBank of New York Mellon Corporation	0.37%	4,650,463	$231M	trimmed−3%	−0.06 pp	36 q
PMPhilip Morris International Inc.	0.37%	2,434,444	$229M	added+1%	+0.01 pp	36 q
DXCDXC Technology Company	0.35%	6,750,713	$220M	trimmed−35%	−0.17 pp	18 q
HHCThe Howard Hughes Corporation	0.33%	2,001,314	$207M	added0%	+0.01 pp	36 q
ALSNAllison Transmission Holdings, Inc.	0.32%	5,146,838	$202M	trimmed−0%	+0.03 pp	5 q
FCNCAFirst Citizens BancShares Inc	0.32%	300,263	$200M	added×5.2	+0.25 pp	5 q
MCOMoody's Corporation	0.32%	596,266	$201M	trimmed−8%	−0.07 pp	21 q
PHGKoninklijke Philips N.v.	0.31%	6,338,150	$195M	new	+0.31 pp	new
PCARPaccar Inc	0.30%	2,089,958	$184M	added+2%	+0.02 pp	3 q
PHMPultegroup, Inc.	0.30%	4,391,326	$184M	added×572.7	+0.30 pp	2 q
CMICummins Inc.	0.26%	776,195	$159M	added+2%	0.00 pp	36 q
HALHalliburton Company	0.25%	4,123,241	$156M	trimmed−58%	−0.10 pp	14 q
PDCEPDC Energy, Inc.	0.25%	2,171,367	$158M	trimmed−11%	+0.06 pp	19 q
91990EURCushman & Wakefield UK Holdc	0.22%	6,568,517	$135M	added+12%	+0.02 pp	4 q
ARNCArconic Corporation	0.21%	5,064,909	$130M	added0%	−0.05 pp	8 q
MANManpowerGroup	0.21%	1,366,784	$128M	added+1%	0.00 pp	13 q
WENThe Wendy's Company	0.21%	5,865,804	$129M	added+12%	+0.02 pp	2 q
SEESealed Air Corp New	0.18%	1,654,715	$111M	trimmed−1%	0.00 pp	8 q
CHXChampionX Corporation	0.17%	4,217,042	$103M	added+28%	+0.07 pp	16 q
CRICarter's Inc.	0.16%	1,065,950	$98M	added+3%	0.00 pp	36 q
LWLamb Weston Holdings, Inc.	0.11%	1,130,256	$68M	new	+0.11 pp	new
JCIJohnson Controls International plc	0.11%	1,022,215	$67M	trimmed−23%	−0.06 pp	18 q
DLTRDollar Tree Inc.	0.10%	379,100	$61M	added+16%	+0.03 pp	3 q
POSTPost Holdings, Inc.	0.10%	929,138	$64M	trimmed−53%	−0.25 pp	15 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.09%	1,159,528	$56M	trimmed−65%	−0.14 pp	9 q
WMGWarner Music Group Corp. Class A	0.09%	1,511,032	$57M	added×3.7	+0.06 pp	3 q
DISThe Walt Disney Company	0.08%	345,008	$47M	trimmed−7%	−0.01 pp	8 q
HIIHuntington Ingalls Industries, Inc.	0.06%	186,792	$37M	added+44%	+0.02 pp	5 q
OPLNOPENLANE, Inc	0.06%	1,967,315	$36M	added+34%	+0.02 pp	3 q
PHParker-Hannifin Corporation	0.06%	131,720	$37M	new	+0.06 pp	new
AAPLApple Inc.	0.05%	169,431	$30M	trimmed−24%	−0.01 pp	36 q
ARMKAramark	0.05%	781,284	$29M	added+16%	+0.01 pp	7 q
ALVAutoliv, Inc.	0.05%	420,240	$32M	added+10%	−0.01 pp	13 q
ACVAACV Auctions Inc.	0.04%	1,833,326	$27M	added×4.1	+0.03 pp	2 q
REYNReynolds Consumer Products Inc.	0.04%	809,339	$24M	added+16%	+0.01 pp	4 q
ADPAutomatic Data Processing	0.03%	68,971	$16M	trimmed−94%	−0.38 pp	36 q
BRBRBellRing Brands, Inc.	0.03%	686,233	$16M	new	+0.03 pp	new
GLPIGaming and Leisure Properties, Inc.	0.03%	454,647	$21M	trimmed−9%	−0.01 pp	34 q
unresolvedQurate Retail Inc	0.03%	3,956,523	$19M	trimmed−60%	−0.09 pp	16 q
TXNTexas Instruments Incorporated	0.03%	107,414	$20M	trimmed−19%	−0.01 pp	36 q
EEFTEuronet Worldwide Inc	0.02%	100,453	$13M	trimmed−1%	0.00 pp	8 q
GRFSGrifois, S.A.	0.02%	901,600	$11M	new	+0.02 pp	new
NDAQNasdaq, Inc.	0.02%	58,028	$10M	trimmed−8%	0.00 pp	12 q
QRVOQorvo, Inc.	0.02%	91,804	$11M	held	—	18 q
DEODiageo plc	0.01%	39,608	$8M	trimmed−25%	−0.01 pp	36 q
DOVDover Corporation	0.01%	37,908	$6M	trimmed−24%	0.00 pp	36 q
GILGildan Activewear Inc.	0.01%	203,100	$8M	trimmed−12%	−0.01 pp	10 q
unresolvedGohealth Inc	0.01%	6,222,100	$7M	trimmed−56%	−0.07 pp	5 q
HRIHerc Holdings Inc.	0.01%	44,351	$7M	trimmed−56%	−0.01 pp	24 q
LBRDALiberty Broadband Corporation Class A	0.01%	50,548	$7M	added+12%	0.00 pp	10 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	9,520	$5M	trimmed−31%	0.00 pp	36 q
ZBHZimmer Biomet Holdings, Inc.	0.01%	39,663	$5M	trimmed−86%	−0.05 pp	17 q
BAXBaxter International Inc.	0.00%	10,350	$803,000	trimmed−40%	0.00 pp	25 q
CATCaterpillar Inc.	0.00%	9,425	$2M	trimmed−59%	−0.01 pp	34 q
CVXChevron Corporation	0.00%	1,350	$220,000	new	0.00 pp	new
ITWIllinois Tool Works Inc.	0.00%	3,100	$649,000	held	—	36 q
INTCIntel Corp	0.00%	25,000	$1M	held	—	36 q
JPMJPMorgan Chase & Co.	0.00%	5,337	$728,000	held	—	36 q
LMTLockheed Martin Corp.	0.00%	2,670	$1M	trimmed−40%	0.00 pp	3 q
MGMMgm Resorts International	0.00%	8,965	$376,000	trimmed−54%	0.00 pp	25 q
MSFTMicrosoft Corp	0.00%	1,750	$540,000	held	—	36 q
RTLRRattler Midstream LP	0.00%	72,588	$1M	trimmed−31%	0.00 pp	3 q
SPGIS&P Global Inc.	0.00%	6,975	$3M	trimmed−97%	−0.16 pp	13 q
TKRThe Timken Company	0.00%	28,040	$2M	added×4.0	0.00 pp	2 q
TRNTrinity Industries, Inc.	0.00%	16,100	$553,000	held	—	20 q
AONAon plc Class A	0.00%	4,480	$1M	trimmed−58%	−0.01 pp	8 q
CITCIT Group Inc.	—	−1,381,841	—	exited	−0.11 pp	—
BGBunge Global SA	—	−336,966	—	exited	−0.05 pp	—
CBChubb Limited	—	−134,248	—	exited	−0.04 pp	—
LBTYKLiberty Global Ltd. Class C	—	−238,014	—	exited	−0.01 pp	—
IWDiShares Russell 1000 Value ETF	—	−6,120	—	exited	0.00 pp	—
RLRalph Lauren Corporation	—	−1,800	—	exited	0.00 pp	—
SPYState Street SPDR S&P 500 ETF Trust	—	−616	—	exited	0.00 pp	—
TCOMTrip.com Group Limited	—	−59,800	—	exited	0.00 pp	—
STSensata Technologies Holding plc	—	−43,115	—	exited	0.00 pp	—