Harris Associates (Oakmark)

Q2 2022 13F · by Bill Nygren, CIO

As of: Jun 30, 2022
Filed: Aug 15, 2022
US stock: $50.2B · prev $62.2B
Positions: 138 · prev 140
Options notional: $0
Documents: 1· no amendments

Picture79.9% US stock

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

US stock listed on a US exchange 79.9%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 20.1%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves142 since the prior filing

+8.2 pp in · −8.2 pp out

New 4 +0.49 pp
Added 60 +7.69 pp
Trimmed 72 −7.77 pp
Exited 6 −0.42 pp

The book

Diversified · behaves like 48 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 44% a year, about 2.3 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions138 in this filing · 6 exited


GOOGLAlphabet Inc. Class A	7.63%	1,756,204	$3.8B	added+2%	−0.08 pp	27 q
FISVFiserv, Inc.	4.11%	23,169,883	$2.1B	trimmed−4%	+0.18 pp	7 q
CHTRCharter Comm Inc Del CL A New	3.89%	4,165,307	$2.0B	added+1%	+0.26 pp	25 q
BACBank of America Corporation	3.07%	49,438,173	$1.5B	added+12%	+0.14 pp	37 q
AMZNAmazon.Com Inc	2.84%	13,408,633	$1.4B	added+97%	+1.06 pp	3 q
GMGeneral Motors Company	2.76%	43,615,406	$1.4B	added+6%	−0.13 pp	37 q
AIGAmerican International Group, Inc.	2.65%	26,027,259	$1.3B	trimmed−7%	−0.16 pp	37 q
HCAHCA Healthcare, Inc.	2.59%	7,745,529	$1.3B	added+1%	−0.49 pp	26 q
CCitigroup Inc.	2.38%	26,016,567	$1.2B	trimmed−3%	+0.07 pp	34 q
CNHCnh Industrial N.v.	2.22%	96,534,929	$1.1B	added+5%	−0.15 pp	7 q
BKNGBooking Holdings Inc.	2.15%	616,383	$1.1B	trimmed−7%	−0.36 pp	18 q
0VQJLTe Connectivity Ltd	1.81%	8,047,140	$911M	trimmed−2%	+0.09 pp	37 q
ALLYAlly Financial Inc.	1.79%	26,751,182	$896M	added0%	−0.08 pp	27 q
METAMeta Platforms, Inc. Class A	1.72%	5,349,549	$863M	added+36%	+0.31 pp	18 q
KDPKeurig Dr Pepper Inc.	1.71%	24,192,294	$856M	trimmed−46%	−1.00 pp	8 q
CBRECbre Group, Inc.	1.68%	11,477,868	$845M	added+16%	+0.23 pp	34 q
EOGEOG Resources, Inc.	1.67%	7,591,122	$838M	trimmed−12%	+0.02 pp	13 q
CRMSalesforce, Inc.	1.65%	5,023,137	$829M	added×2.5	+0.97 pp	6 q
LBTYALiberty Global Ltd. Class A	1.65%	39,333,248	$828M	trimmed−7%	−0.08 pp	20 q
SCHWThe Charles Schwab Corporation	1.60%	12,735,326	$805M	added+6%	−0.03 pp	16 q
WTWWillis Towers Watson Public Limited Company	1.51%	3,840,436	$758M	added+7%	+0.15 pp	6 q
ORCLOracle Corp	1.41%	10,107,225	$706M	added+49%	+0.51 pp	37 q
NFLXNetFlix Inc	1.39%	3,988,753	$698M	added+43%	−0.29 pp	20 q
CMCSAComcast Corp	1.26%	16,161,760	$634M	added+4%	+0.09 pp	37 q
RYAAYRyanair Holdings plc	1.20%	8,941,805	$601M	added+16%	+0.12 pp	18 q
BRK.BBERKSHIRE HATHAWAY Class B	1.18%	2,171,880	$593M	trimmed−4%	−0.10 pp	11 q
APAAPA Corporation	1.16%	16,672,747	$582M	trimmed−15%	−0.14 pp	6 q
KKRKKR & Co. Inc.	1.16%	12,544,394	$581M	added+100%	+0.57 pp	7 q
WFCWells Fargo & Co.	1.13%	14,524,948	$569M	added+4%	+0.04 pp	37 q
PHParker-Hannifin Corporation	1.11%	2,273,254	$559M	added×17.3	+1.05 pp	2 q
BLQADBlackrock Inc	1.10%	902,958	$550M	added+77%	+0.47 pp	37 q
PINSPinterest, Inc. Class A	1.08%	29,752,136	$540M	added+60%	+0.35 pp	11 q
COFCapital One Financial	1.07%	5,141,394	$536M	trimmed−7%	−0.10 pp	37 q
HLTHilton Worldwide Holdings Inc.	0.98%	4,394,480	$490M	trimmed−16%	−0.30 pp	18 q
TVGrupo Televisa S.A.	0.97%	59,600,086	$488M	trimmed−2%	−0.17 pp	27 q
VVISA Inc.	0.93%	2,368,798	$466M	trimmed−21%	−0.14 pp	37 q
HUMHumana Inc.	0.89%	957,423	$448M	trimmed−69%	−1.26 pp	12 q
RGAReinsurance Group of America, Incorporated	0.86%	3,700,109	$434M	trimmed−22%	+0.02 pp	10 q
OTEXOpen Text Corp	0.82%	10,896,921	$412M	added+8%	+0.13 pp	12 q
IPGThe Interpublic Group of Companies, Inc.	0.80%	14,510,989	$399M	added+10%	+0.05 pp	33 q
MAMastercard Incorporated	0.79%	1,249,385	$394M	trimmed−1%	+0.07 pp	37 q
COPConocoPhillips	0.78%	4,359,192	$391M	trimmed−15%	−0.05 pp	6 q
BWABorgWarner Inc.	0.77%	11,648,608	$389M	added+16%	+0.14 pp	37 q
LEALear Corporation	0.77%	3,062,574	$386M	trimmed−6%	+0.02 pp	37 q
STTState Street Corporation	0.77%	6,296,661	$388M	added+37%	+0.13 pp	37 q
GPNGlobal Payments, Inc.	0.76%	3,425,463	$379M	added+30%	+0.18 pp	3 q
GSGoldman Sachs Group Inc.	0.76%	1,291,888	$384M	trimmed−5%	+0.04 pp	37 q
LBRDKLiberty Broadband Corporation Class C	0.75%	3,253,361	$376M	added+72%	+0.34 pp	27 q
PHGKoninklijke Philips N.v.	0.73%	16,990,012	$366M	added×2.6	+0.42 pp	2 q
VIPSVipshop Holdings Limited	0.71%	35,848,341	$355M	trimmed−10%	+0.13 pp	4 q
REGNRegeneron Pharmaceuticals Inc	0.69%	582,626	$344M	trimmed−47%	−0.54 pp	18 q
GEGE Aerospace	0.63%	4,945,720	$315M	added+20%	+0.02 pp	4 q
THCTenet Healthcare Corporation New	0.61%	5,850,349	$307M	trimmed−1%	−0.21 pp	37 q
NOVNOV Inc.	0.60%	17,882,097	$302M	trimmed−3%	+0.02 pp	6 q
HWMHowmet Aerospace Inc.	0.59%	9,369,513	$295M	trimmed−10%	−0.01 pp	22 q
ITGartner, Inc.	0.57%	1,172,847	$284M	trimmed−10%	−0.06 pp	17 q
EFXEquifax, Incorporated	0.54%	1,494,792	$273M	added+49%	+0.16 pp	17 q
WDAYWorkday, Inc. Class A	0.54%	1,933,364	$270M	added+13%	−0.12 pp	11 q
GOOGAlphabet Inc. Class C	0.51%	117,597	$257M	trimmed−3%	−0.03 pp	33 q
MOAltria Group, Inc.	0.51%	6,188,078	$258M	trimmed−19%	−0.13 pp	6 q
BNYBank of New York Mellon Corporation	0.51%	6,145,917	$256M	added+32%	+0.14 pp	37 q
LADLithia Motors, Inc.	0.50%	906,196	$249M	added+16%	+0.12 pp	2 q
QSRRestaurant Brands International Inc.	0.50%	4,980,033	$250M	trimmed−8%	−0.01 pp	7 q
ICEIntercontinental Exchange Inc.	0.49%	2,628,139	$247M	added+1%	−0.07 pp	5 q
AXPAmerican Express Company	0.48%	1,730,816	$240M	trimmed−16%	−0.14 pp	10 q
THOThor Industries, Inc.	0.48%	3,196,326	$239M	trimmed−2%	+0.07 pp	17 q
MCOMoody's Corporation	0.46%	855,430	$233M	added+43%	+0.14 pp	22 q
TMUST-Mobile US, Inc.	0.46%	1,721,884	$232M	trimmed−38%	−0.11 pp	9 q
LIVNLivaNova PLC	0.46%	3,701,777	$231M	trimmed−4%	−0.05 pp	19 q
FCNCAFirst Citizens BancShares Inc	0.45%	344,765	$225M	added+15%	+0.13 pp	6 q
CSLCarlisle Companies, Inc.	0.44%	930,208	$222M	trimmed−4%	+0.06 pp	18 q
TTWOTake-Two Interactive Software Inc	0.44%	1,786,419	$219M	added+1%	0.00 pp	3 q
EBAYeBay Inc	0.41%	4,890,188	$204M	added0%	−0.04 pp	15 q
MASMasco Corporation	0.41%	4,030,385	$204M	new	+0.41 pp	new
ALSNAllison Transmission Holdings, Inc.	0.40%	5,174,843	$199M	added+1%	+0.08 pp	6 q
FLSFlowserve Corporation	0.39%	6,905,987	$198M	added0%	−0.01 pp	9 q
PHMPultegroup, Inc.	0.38%	4,835,529	$192M	added+10%	+0.08 pp	3 q
FANGDiamondback Energy, Inc.	0.36%	1,495,838	$181M	trimmed−38%	−0.17 pp	13 q
DISThe Walt Disney Company	0.36%	1,932,350	$182M	added×5.6	+0.28 pp	9 q
PCARPaccar Inc	0.34%	2,102,159	$173M	added+1%	+0.04 pp	4 q
HHCThe Howard Hughes Corporation	0.29%	2,124,859	$145M	added+6%	−0.04 pp	37 q
ARNCArconic Corporation	0.28%	4,950,899	$139M	trimmed−2%	+0.07 pp	9 q
91990EURCushman & Wakefield UK Holdc	0.26%	8,625,822	$131M	added+31%	+0.04 pp	5 q
CMICummins Inc.	0.25%	655,030	$127M	trimmed−16%	−0.01 pp	37 q
PMPhilip Morris International Inc.	0.25%	1,251,859	$124M	trimmed−49%	−0.12 pp	37 q
WENThe Wendy's Company	0.25%	6,554,710	$124M	added+12%	+0.04 pp	3 q
CRICarter's Inc.	0.24%	1,716,106	$121M	added+61%	+0.08 pp	37 q
PDCEPDC Energy, Inc.	0.24%	1,988,453	$123M	trimmed−8%	−0.01 pp	20 q
CVSCvs Health Corporation	0.22%	1,191,483	$110M	trimmed−71%	−0.46 pp	37 q
MANManpowerGroup	0.19%	1,259,283	$96M	trimmed−8%	−0.02 pp	14 q
SEESealed Air Corp New	0.19%	1,626,352	$94M	trimmed−2%	+0.01 pp	9 q
CHXChampionX Corporation	0.17%	4,215,142	$84M	trimmed−0%	0.00 pp	17 q
LWLamb Weston Holdings, Inc.	0.17%	1,201,052	$86M	added+6%	+0.06 pp	2 q
POSTPost Holdings, Inc.	0.14%	841,423	$69M	trimmed−9%	+0.04 pp	16 q
WMGWarner Music Group Corp. Class A	0.11%	2,166,956	$53M	added+43%	+0.02 pp	4 q
JCIJohnson Controls International plc	0.10%	1,038,028	$50M	added+2%	−0.01 pp	19 q
OPLNOPENLANE, Inc	0.09%	2,910,458	$43M	added+48%	+0.03 pp	4 q
HIIHuntington Ingalls Industries, Inc.	0.08%	193,372	$42M	added+4%	+0.02 pp	6 q
ALVAutoliv, Inc.	0.07%	524,020	$38M	added+25%	+0.02 pp	14 q
STZConstellation Brands, Inc.	0.07%	148,852	$35M	trimmed−96%	−1.17 pp	14 q
DLTRDollar Tree Inc.	0.07%	238,011	$37M	trimmed−37%	−0.03 pp	4 q
CDKCDK Global, Inc.	0.06%	577,837	$32M	trimmed−91%	−0.46 pp	12 q
AAPLApple Inc.	0.05%	167,792	$23M	trimmed−1%	0.00 pp	37 q
ARMKAramark	0.05%	807,109	$25M	added+3%	0.00 pp	8 q
REYNReynolds Consumer Products Inc.	0.05%	906,384	$25M	added+12%	+0.01 pp	5 q
GLPIGaming and Leisure Properties, Inc.	0.04%	437,686	$20M	trimmed−4%	+0.01 pp	35 q
SPYState Street SPDR S&P 500 ETF Trust	0.04%	53,472	$20M	new	+0.04 pp	new
ABMABM Industries, Inc.	0.03%	400,300	$17M	new	+0.03 pp	new
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.03%	332,400	$13M	trimmed−71%	−0.06 pp	10 q
GDGeneral Dynamics Corporation	0.03%	62,464	$14M	trimmed−97%	−0.73 pp	9 q
GRFSGrifois, S.A.	0.03%	1,128,100	$13M	added+25%	+0.01 pp	2 q
TXNTexas Instruments Incorporated	0.03%	102,781	$16M	trimmed−4%	0.00 pp	37 q
ACVAACV Auctions Inc.	0.02%	1,385,848	$9M	trimmed−24%	−0.02 pp	3 q
ADPAutomatic Data Processing	0.02%	59,365	$12M	trimmed−14%	−0.01 pp	37 q
EEFTEuronet Worldwide Inc	0.02%	85,456	$9M	trimmed−15%	0.00 pp	9 q
NDAQNasdaq, Inc.	0.02%	51,465	$8M	trimmed−11%	0.00 pp	13 q
QRVOQorvo, Inc.	0.02%	87,372	$8M	trimmed−5%	0.00 pp	19 q
DEODiageo plc	0.01%	27,768	$5M	trimmed−30%	0.00 pp	37 q
DOVDover Corporation	0.01%	36,393	$4M	trimmed−4%	0.00 pp	37 q
ETSYEtsy, Inc.	0.01%	74,782	$5M	new	+0.01 pp	new
GILGildan Activewear Inc.	0.01%	224,200	$6M	added+10%	0.00 pp	11 q
HRIHerc Holdings Inc.	0.01%	39,171	$4M	trimmed−12%	0.00 pp	25 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	6,879	$4M	trimmed−28%	0.00 pp	37 q
BAXBaxter International Inc.	0.00%	9,052	$581,000	trimmed−13%	0.00 pp	26 q
CATCaterpillar Inc.	0.00%	6,775	$1M	trimmed−28%	0.00 pp	35 q
unresolvedGohealth Inc	0.00%	2,233,687	$1M	trimmed−64%	−0.01 pp	6 q
HALHalliburton Company	0.00%	75,575	$2M	trimmed−98%	−0.25 pp	15 q
ITWIllinois Tool Works Inc.	0.00%	2,196	$400,000	trimmed−29%	0.00 pp	37 q
INTCIntel Corp	0.00%	25,000	$935,000	held	—	37 q
JPMJPMorgan Chase & Co.	0.00%	5,175	$583,000	trimmed−3%	0.00 pp	37 q
LBRDALiberty Broadband Corporation Class A	0.00%	21,768	$2M	trimmed−57%	−0.01 pp	11 q
MGMMgm Resorts International	0.00%	7,375	$214,000	trimmed−18%	0.00 pp	26 q
MSFTMicrosoft Corp	0.00%	1,816	$466,000	added+4%	0.00 pp	37 q
RTLRRattler Midstream LP	0.00%	69,588	$950,000	trimmed−4%	0.00 pp	4 q
SPGIS&P Global Inc.	0.00%	6,725	$2M	trimmed−4%	0.00 pp	14 q
TKRThe Timken Company	0.00%	33,480	$2M	added+19%	0.00 pp	3 q
TRNTrinity Industries, Inc.	0.00%	16,100	$390,000	held	—	21 q
AONAon plc Class A	0.00%	4,240	$1M	trimmed−5%	0.00 pp	9 q
DXCDXC Technology Company	—	−6,750,713	—	exited	−0.35 pp	—
BRBRBellRing Brands, Inc.	—	−686,233	—	exited	−0.03 pp	—
unresolvedQurate Retail Inc	—	−3,956,523	—	exited	−0.03 pp	—
ZBHZimmer Biomet Holdings, Inc.	—	−39,663	—	exited	−0.01 pp	—
CVXChevron Corporation	—	−1,350	—	exited	0.00 pp	—
LMTLockheed Martin Corp.	—	−2,670	—	exited	0.00 pp	—