Harris Associates (Oakmark)

Q3 2022 13F · by Bill Nygren, CIO

As of: Sep 30, 2022
Filed: Nov 14, 2022
US stock: $46.2B · prev $50.2B
Positions: 140 · prev 138
Options notional: $0
Documents: 1· no amendments

Picture77.4% US stock

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

US stock listed on a US exchange 77.4%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 22.6%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves132 since the prior filing

+6.4 pp in · −6.4 pp out

New 5 +2.00 pp
Added 39 +4.36 pp
Trimmed 85 −6.36 pp
Exited 3 −0.06 pp

The book

Diversified · behaves like 49 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 29% a year, about 3.4 years per position

Low
Moderate
High

Top 5 positions21% of US stock

Positions140 in this filing · 3 exited


GOOGLAlphabet Inc. Class A	7.06%	34,120,901	$3.3B	trimmed−3%	−0.57 pp	28 q
FISVFiserv, Inc.	4.31%	21,297,450	$2.0B	trimmed−8%	+0.20 pp	8 q
AMZNAmazon.Com Inc	3.31%	13,525,869	$1.5B	added+1%	+0.47 pp	4 q
HCAHCA Healthcare, Inc.	3.00%	7,543,460	$1.4B	trimmed−3%	+0.41 pp	27 q
GMGeneral Motors Company	2.88%	41,530,506	$1.3B	trimmed−5%	+0.12 pp	38 q
CHTRCharter Comm Inc Del CL A New	2.85%	4,337,558	$1.3B	added+4%	−1.04 pp	26 q
BACBank of America Corporation	2.73%	41,825,471	$1.3B	trimmed−15%	−0.34 pp	38 q
CNHCnh Industrial N.v.	2.41%	97,856,145	$1.1B	added+1%	+0.19 pp	8 q
AIGAmerican International Group, Inc.	2.32%	22,538,804	$1.1B	trimmed−13%	−0.33 pp	38 q
CCitigroup Inc.	2.07%	22,995,184	$958M	trimmed−12%	−0.31 pp	35 q
CRMSalesforce, Inc.	2.04%	6,563,115	$944M	added+31%	+0.39 pp	7 q
KKRKKR & Co. Inc.	1.96%	21,107,271	$908M	added+68%	+0.80 pp	8 q
NFLXNetFlix Inc	1.93%	3,779,883	$890M	trimmed−5%	+0.54 pp	21 q
ORCLOracle Corp	1.93%	14,590,009	$891M	added+44%	+0.52 pp	38 q
BKNGBooking Holdings Inc.	1.91%	537,270	$883M	trimmed−13%	−0.24 pp	19 q
WFCWells Fargo & Co.	1.85%	21,250,108	$855M	added+46%	+0.72 pp	38 q
CBRECbre Group, Inc.	1.79%	12,282,620	$829M	added+7%	+0.11 pp	35 q
WTWWillis Towers Watson Public Limited Company	1.79%	4,116,528	$827M	added+7%	+0.28 pp	7 q
0VQJLTe Connectivity Ltd	1.78%	7,449,620	$822M	trimmed−7%	−0.03 pp	38 q
SCHWThe Charles Schwab Corporation	1.75%	11,221,265	$806M	trimmed−12%	+0.15 pp	17 q
EOGEOG Resources, Inc.	1.70%	7,047,614	$787M	trimmed−7%	+0.03 pp	14 q
METAMeta Platforms, Inc. Class A	1.62%	5,509,960	$748M	added+3%	−0.10 pp	19 q
ALLYAlly Financial Inc.	1.61%	26,796,400	$746M	added0%	−0.18 pp	28 q
COFCapital One Financial	1.53%	7,650,571	$705M	added+49%	+0.46 pp	38 q
PHParker-Hannifin Corporation	1.45%	2,763,009	$670M	added+22%	+0.34 pp	3 q
PINSPinterest, Inc. Class A	1.44%	28,462,345	$663M	trimmed−4%	+0.36 pp	12 q
WBDWarner Bros. Discovery, Inc. Series A	1.38%	55,389,592	$637M	new	+1.38 pp	new
RYAAYRyanair Holdings plc	1.35%	10,644,857	$622M	added+19%	+0.15 pp	19 q
KDPKeurig Dr Pepper Inc.	1.20%	15,531,867	$556M	trimmed−36%	−0.51 pp	9 q
BRK.BBERKSHIRE HATHAWAY Class B	1.17%	2,021,331	$540M	trimmed−7%	−0.01 pp	12 q
LBTYALiberty Global Ltd. Class A	1.15%	34,201,918	$533M	trimmed−13%	−0.50 pp	21 q
BLQADBlackrock Inc	1.03%	864,961	$476M	trimmed−4%	−0.07 pp	38 q
HLTHilton Worldwide Holdings Inc.	1.00%	3,840,410	$463M	trimmed−13%	+0.02 pp	19 q
APAAPA Corporation	0.99%	13,354,110	$457M	trimmed−20%	−0.17 pp	7 q
CMCSAComcast Corp	0.91%	14,265,001	$418M	trimmed−12%	−0.35 pp	38 q
RGAReinsurance Group of America, Incorporated	0.90%	3,297,706	$415M	trimmed−11%	+0.04 pp	11 q
GPNGlobal Payments, Inc.	0.89%	3,815,370	$412M	added+11%	+0.13 pp	4 q
STTState Street Corporation	0.86%	6,534,249	$397M	added+4%	+0.09 pp	38 q
VVISA Inc.	0.86%	2,232,194	$397M	trimmed−6%	−0.07 pp	38 q
GSGoldman Sachs Group Inc.	0.85%	1,343,057	$394M	added+4%	+0.09 pp	38 q
BWABorgWarner Inc.	0.79%	11,640,904	$366M	trimmed−0%	+0.02 pp	38 q
COPConocoPhillips	0.79%	3,570,371	$365M	trimmed−18%	+0.01 pp	7 q
IPGThe Interpublic Group of Companies, Inc.	0.78%	14,112,314	$361M	trimmed−3%	−0.02 pp	34 q
WDAYWorkday, Inc. Class A	0.76%	2,309,161	$352M	added+19%	+0.22 pp	12 q
LEALear Corporation	0.73%	2,801,151	$335M	trimmed−9%	−0.04 pp	38 q
ICEIntercontinental Exchange Inc.	0.69%	3,544,559	$320M	added+35%	+0.20 pp	6 q
PHGKoninklijke Philips N.v.	0.69%	20,233,663	$317M	added+19%	−0.04 pp	3 q
OTEXOpen Text Corp	0.68%	11,871,107	$313M	added+9%	−0.14 pp	13 q
MAMastercard Incorporated	0.62%	1,011,015	$287M	trimmed−19%	−0.17 pp	38 q
THCTenet Healthcare Corporation New	0.62%	5,543,569	$286M	trimmed−5%	+0.01 pp	38 q
FCNCAFirst Citizens BancShares Inc	0.59%	344,265	$275M	trimmed−0%	+0.14 pp	7 q
TVGrupo Televisa S.A.	0.59%	50,365,514	$271M	trimmed−15%	−0.38 pp	28 q
EFXEquifax, Incorporated	0.56%	1,518,330	$260M	added+2%	+0.02 pp	18 q
ITGartner, Inc.	0.56%	935,733	$259M	trimmed−20%	−0.01 pp	18 q
NOVNOV Inc.	0.56%	16,051,337	$260M	trimmed−10%	−0.04 pp	7 q
MOAltria Group, Inc.	0.54%	6,135,690	$248M	trimmed−1%	+0.03 pp	7 q
MASMasco Corporation	0.54%	5,391,271	$252M	added+34%	+0.13 pp	2 q
VIPSVipshop Holdings Limited	0.52%	28,670,782	$241M	trimmed−20%	−0.19 pp	5 q
HWMHowmet Aerospace Inc.	0.50%	7,475,013	$231M	trimmed−20%	−0.09 pp	23 q
GOOGAlphabet Inc. Class C	0.49%	2,339,508	$225M	trimmed−1%	−0.02 pp	34 q
CSLCarlisle Companies, Inc.	0.48%	797,447	$224M	trimmed−14%	+0.04 pp	19 q
PHMPultegroup, Inc.	0.48%	5,950,319	$223M	added+23%	+0.10 pp	4 q
BNYBank of New York Mellon Corporation	0.47%	5,605,718	$216M	trimmed−9%	−0.04 pp	38 q
THOThor Industries, Inc.	0.46%	3,064,146	$214M	trimmed−4%	−0.02 pp	18 q
LADLithia Motors, Inc.	0.45%	966,291	$207M	added+7%	−0.05 pp	3 q
LBRDKLiberty Broadband Corporation Class C	0.44%	2,773,846	$205M	trimmed−15%	−0.31 pp	28 q
TTWOTake-Two Interactive Software Inc	0.42%	1,786,455	$195M	added0%	−0.02 pp	4 q
ETSYEtsy, Inc.	0.41%	1,893,140	$190M	added×25.3	+0.40 pp	2 q
DISThe Walt Disney Company	0.39%	1,922,714	$181M	trimmed−1%	+0.03 pp	10 q
LIVNLivaNova PLC	0.39%	3,590,497	$182M	trimmed−3%	−0.07 pp	20 q
PCARPaccar Inc	0.38%	2,105,612	$176M	added0%	+0.04 pp	5 q
ALSNAllison Transmission Holdings, Inc.	0.37%	5,115,523	$173M	trimmed−1%	−0.03 pp	7 q
EBAYeBay Inc	0.36%	4,504,975	$166M	trimmed−8%	−0.05 pp	16 q
FLSFlowserve Corporation	0.34%	6,545,667	$159M	trimmed−5%	−0.05 pp	10 q
MCOMoody's Corporation	0.32%	612,137	$149M	trimmed−28%	−0.14 pp	23 q
FBINFortune Brands Innovations, Inc.	0.31%	2,627,863	$141M	new	+0.31 pp	new
UBERUber Technologies, Inc.	0.31%	5,324,469	$141M	new	+0.31 pp	new
REGNRegeneron Pharmaceuticals Inc	0.28%	188,176	$130M	trimmed−68%	−0.41 pp	19 q
WENThe Wendy's Company	0.28%	6,905,227	$129M	added+5%	+0.03 pp	4 q
QSRRestaurant Brands International Inc.	0.27%	2,310,603	$123M	trimmed−54%	−0.23 pp	8 q
AXPAmerican Express Company	0.26%	907,630	$122M	trimmed−48%	−0.22 pp	11 q
CRICarter's Inc.	0.25%	1,738,979	$114M	added+1%	+0.01 pp	38 q
HHCThe Howard Hughes Corporation	0.25%	2,124,455	$118M	trimmed−0%	−0.04 pp	38 q
PDCEPDC Energy, Inc.	0.25%	1,994,953	$115M	added0%	+0.01 pp	21 q
FANGDiamondback Energy, Inc.	0.24%	928,056	$112M	trimmed−38%	−0.12 pp	14 q
CVSCvs Health Corporation	0.23%	1,106,246	$106M	trimmed−7%	+0.01 pp	38 q
GEGE Aerospace	0.19%	1,425,497	$88M	trimmed−71%	−0.44 pp	5 q
SEESealed Air Corp New	0.19%	1,982,296	$88M	added+22%	0.00 pp	10 q
91990EURCushman & Wakefield UK Holdc	0.19%	7,550,485	$86M	trimmed−12%	−0.07 pp	6 q
ARNCArconic Corporation	0.18%	4,895,079	$83M	trimmed−1%	−0.10 pp	10 q
CHXChampionX Corporation	0.18%	4,215,142	$82M	held	—	18 q
MANManpowerGroup	0.18%	1,296,186	$84M	added+3%	−0.01 pp	15 q
CMICummins Inc.	0.17%	378,596	$77M	trimmed−42%	−0.08 pp	38 q
TMUST-Mobile US, Inc.	0.14%	499,086	$67M	trimmed−71%	−0.32 pp	10 q
PMPhilip Morris International Inc.	0.13%	736,859	$61M	trimmed−41%	−0.12 pp	38 q
WMGWarner Music Group Corp. Class A	0.11%	2,136,053	$50M	trimmed−1%	0.00 pp	5 q
JCIJohnson Controls International plc	0.11%	1,046,060	$51M	added+1%	+0.01 pp	20 q
OPLNOPENLANE, Inc	0.10%	4,066,528	$45M	added+40%	+0.01 pp	5 q
HUMHumana Inc.	0.08%	75,373	$37M	trimmed−92%	−0.81 pp	13 q
ALVAutoliv, Inc.	0.06%	425,015	$28M	trimmed−19%	−0.01 pp	15 q
DLTRDollar Tree Inc.	0.06%	203,726	$28M	trimmed−14%	−0.01 pp	5 q
AAPLApple Inc.	0.05%	167,483	$23M	trimmed−0%	0.00 pp	38 q
ARMKAramark	0.05%	780,014	$24M	trimmed−3%	0.00 pp	9 q
HIIHuntington Ingalls Industries, Inc.	0.05%	103,002	$23M	trimmed−47%	−0.03 pp	7 q
LWLamb Weston Holdings, Inc.	0.05%	299,306	$23M	trimmed−75%	−0.12 pp	3 q
REYNReynolds Consumer Products Inc.	0.05%	882,998	$23M	trimmed−3%	0.00 pp	6 q
POSTPost Holdings, Inc.	0.04%	238,282	$20M	trimmed−72%	−0.10 pp	17 q
ABMABM Industries, Inc.	0.03%	400,300	$15M	held	—	2 q
ADPAutomatic Data Processing	0.03%	54,576	$12M	trimmed−8%	+0.01 pp	38 q
STZConstellation Brands, Inc.	0.03%	57,254	$13M	trimmed−62%	−0.04 pp	15 q
GLPIGaming and Leisure Properties, Inc.	0.03%	265,121	$12M	trimmed−39%	−0.01 pp	36 q
GDGeneral Dynamics Corporation	0.03%	61,839	$13M	trimmed−1%	0.00 pp	10 q
GILGildan Activewear Inc.	0.03%	409,400	$12M	added+83%	+0.02 pp	12 q
TXNTexas Instruments Incorporated	0.03%	97,672	$15M	trimmed−5%	0.00 pp	38 q
ACVAACV Auctions Inc.	0.02%	1,343,655	$10M	trimmed−3%	0.00 pp	4 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.02%	313,300	$10M	trimmed−6%	−0.01 pp	11 q
GRFSGrifois, S.A.	0.02%	1,742,600	$11M	added+54%	−0.01 pp	3 q
DEODiageo plc	0.01%	27,298	$5M	trimmed−2%	0.00 pp	38 q
DOVDover Corporation	0.01%	36,393	$4M	held	—	38 q
EEFTEuronet Worldwide Inc	0.01%	77,791	$6M	trimmed−9%	−0.01 pp	10 q
HRIHerc Holdings Inc.	0.01%	34,411	$4M	trimmed−12%	0.00 pp	26 q
NDAQNasdaq, Inc.	0.01%	47,991	$3M	trimmed−69%	−0.01 pp	14 q
QRVOQorvo, Inc.	0.01%	86,872	$7M	trimmed−1%	−0.01 pp	20 q
TKRThe Timken Company	0.01%	45,455	$3M	added+36%	+0.01 pp	4 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.01%	6,729	$3M	trimmed−2%	0.00 pp	38 q
BAXBaxter International Inc.	0.00%	9,052	$488,000	held	—	27 q
CATCaterpillar Inc.	0.00%	6,775	$1M	held	—	36 q
HALHalliburton Company	0.00%	33,593	$827,000	trimmed−56%	0.00 pp	16 q
ITWIllinois Tool Works Inc.	0.00%	2,745	$496,000	added+25%	0.00 pp	38 q
INTCIntel Corp	0.00%	25,000	$644,000	held	—	38 q
JPMJPMorgan Chase & Co.	0.00%	5,175	$541,000	held	—	38 q
LBRDALiberty Broadband Corporation Class A	0.00%	21,079	$2M	trimmed−3%	0.00 pp	12 q
MGMMgm Resorts International	0.00%	7,375	$219,000	held	—	27 q
MSFTMicrosoft Corp	0.00%	1,816	$423,000	held	—	38 q
MUMicron Technology, Inc.	0.00%	4,576	$229,000	new	0.00 pp	new
SPGIS&P Global Inc.	0.00%	6,725	$2M	held	—	15 q
SPYState Street SPDR S&P 500 ETF Trust	0.00%	1,086	$388,000	trimmed−98%	−0.04 pp	2 q
SAPSap SE	0.00%	2,480	$202,000	new	0.00 pp	new
TRNTrinity Industries, Inc.	0.00%	16,100	$344,000	held	—	22 q
AONAon plc Class A	0.00%	4,190	$1M	trimmed−1%	0.00 pp	10 q
CDKCDK Global, Inc.	—	−577,837	—	exited	−0.06 pp	—
unresolvedGohealth Inc	—	−2,233,687	—	exited	0.00 pp	—
RTLRRattler Midstream LP	—	−69,588	—	exited	0.00 pp	—