Harris Associates (Oakmark)

Q4 2022 13F · by Bill Nygren, CIO

As of: Dec 31, 2022
Filed: Feb 14, 2023
US stock: $49.1B · prev $46.2B
Positions: 143 · prev 140
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%

Moves138 since the prior filing

+8.0 pp in · −8.0 pp out

New 6 +0.83 pp
Added 34 +7.20 pp
Trimmed 95 −8.03 pp
Exited 3 0.00 pp

The book

Diversified · behaves like 48 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

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

Low
Moderate
High

Top 5 positions20% of US stock

Positions143 in this filing · 3 exited


GOOGLAlphabet Inc. Class A	6.59%	36,673,037	$3.2B	added+7%	−0.47 pp	29 q
FISVFiserv, Inc.	4.01%	19,465,773	$2.0B	trimmed−9%	−0.30 pp	9 q
AMZNAmazon.Com Inc	3.30%	19,320,369	$1.6B	added+43%	−0.01 pp	5 q
HCAHCA Healthcare, Inc.	3.26%	6,670,965	$1.6B	trimmed−12%	+0.26 pp	28 q
ORCLOracle Corp	3.19%	19,160,481	$1.6B	added+31%	+1.26 pp	39 q
CNHCnh Industrial N.v.	2.98%	91,391,645	$1.5B	trimmed−7%	+0.57 pp	9 q
BACBank of America Corporation	2.81%	41,668,180	$1.4B	trimmed−0%	+0.08 pp	39 q
GMGeneral Motors Company	2.70%	39,376,366	$1.3B	trimmed−5%	−0.18 pp	39 q
CHTRCharter Comm Inc Del CL A New	2.69%	3,900,700	$1.3B	trimmed−10%	−0.16 pp	27 q
KKRKKR & Co. Inc.	2.52%	26,632,166	$1.2B	added+26%	+0.56 pp	9 q
COFCapital One Financial	2.38%	12,597,510	$1.2B	added+65%	+0.85 pp	39 q
CRMSalesforce, Inc.	2.20%	8,149,570	$1.1B	added+24%	+0.16 pp	8 q
CBRECbre Group, Inc.	2.14%	13,661,270	$1.1B	added+11%	+0.35 pp	36 q
BKNGBooking Holdings Inc.	2.11%	515,271	$1.0B	trimmed−4%	+0.20 pp	20 q
AIGAmerican International Group, Inc.	2.08%	16,138,770	$1.0B	trimmed−28%	−0.24 pp	39 q
ICEIntercontinental Exchange Inc.	2.01%	9,604,926	$985M	added×2.7	+1.32 pp	7 q
0VQJLTe Connectivity Ltd	1.97%	8,420,102	$967M	added+13%	+0.19 pp	39 q
WTWWillis Towers Watson Public Limited Company	1.96%	3,929,672	$961M	trimmed−5%	+0.17 pp	8 q
WFCWells Fargo & Co.	1.75%	20,863,698	$861M	trimmed−2%	−0.10 pp	39 q
RYAAYRyanair Holdings plc	1.66%	10,886,532	$814M	added+2%	+0.31 pp	20 q
PHParker-Hannifin Corporation	1.64%	2,763,801	$804M	added0%	+0.19 pp	4 q
EOGEOG Resources, Inc.	1.61%	6,118,451	$792M	trimmed−13%	−0.09 pp	15 q
NFLXNetFlix Inc	1.49%	2,489,312	$734M	trimmed−34%	−0.44 pp	22 q
SCHWThe Charles Schwab Corporation	1.46%	8,632,397	$719M	trimmed−23%	−0.29 pp	18 q
CCitigroup Inc.	1.43%	15,534,369	$703M	trimmed−32%	−0.64 pp	36 q
ALLYAlly Financial Inc.	1.29%	25,997,686	$636M	trimmed−3%	−0.32 pp	29 q
PINSPinterest, Inc. Class A	1.27%	25,636,921	$622M	trimmed−10%	−0.17 pp	13 q
LBTYALiberty Global Ltd. Class A	1.24%	32,062,554	$607M	trimmed−6%	+0.09 pp	22 q
WBDWarner Bros. Discovery, Inc. Series A	1.18%	60,906,095	$577M	added+10%	−0.20 pp	2 q
BLQADBlackrock Inc	1.14%	787,188	$558M	trimmed−9%	+0.11 pp	39 q
CMCSAComcast Corp	1.14%	16,077,965	$562M	added+13%	+0.23 pp	39 q
WDAYWorkday, Inc. Class A	1.04%	3,061,049	$512M	added+33%	+0.28 pp	13 q
BRK.BBERKSHIRE HATHAWAY Class B	1.00%	1,582,150	$489M	trimmed−22%	−0.17 pp	13 q
GSGoldman Sachs Group Inc.	0.97%	1,385,455	$476M	added+3%	+0.12 pp	39 q
APAAPA Corporation	0.96%	10,125,907	$473M	trimmed−24%	−0.03 pp	8 q
IPGThe Interpublic Group of Companies, Inc.	0.96%	14,129,191	$471M	added0%	+0.18 pp	35 q
BWABorgWarner Inc.	0.95%	11,597,323	$467M	trimmed−0%	+0.16 pp	39 q
LBRDKLiberty Broadband Corporation Class C	0.92%	5,953,101	$454M	added×2.1	+0.48 pp	29 q
OTEXOpen Text Corp	0.92%	15,205,007	$451M	added+28%	+0.24 pp	14 q
HLTHilton Worldwide Holdings Inc.	0.91%	3,555,374	$449M	trimmed−7%	−0.09 pp	20 q
STTState Street Corporation	0.89%	5,626,573	$436M	trimmed−14%	+0.03 pp	39 q
MASMasco Corporation	0.80%	8,395,119	$392M	added+56%	+0.26 pp	3 q
VVISA Inc.	0.79%	1,867,852	$388M	trimmed−16%	−0.07 pp	39 q
RGAReinsurance Group of America, Incorporated	0.77%	2,648,211	$376M	trimmed−20%	−0.13 pp	12 q
METAMeta Platforms, Inc. Class A	0.70%	2,838,008	$342M	trimmed−48%	−0.92 pp	20 q
MAMastercard Incorporated	0.68%	965,852	$336M	trimmed−4%	+0.06 pp	39 q
NOVNOV Inc.	0.63%	14,821,903	$310M	trimmed−8%	+0.07 pp	8 q
MOAltria Group, Inc.	0.57%	6,121,390	$280M	trimmed−0%	+0.03 pp	8 q
EFXEquifax, Incorporated	0.57%	1,430,188	$278M	trimmed−6%	+0.01 pp	19 q
COPConocoPhillips	0.56%	2,318,726	$274M	trimmed−35%	−0.23 pp	8 q
LADLithia Motors, Inc.	0.56%	1,333,498	$273M	added+38%	+0.11 pp	4 q
PHMPultegroup, Inc.	0.55%	5,945,669	$271M	trimmed−0%	+0.07 pp	5 q
THCTenet Healthcare Corporation New	0.54%	5,463,374	$267M	trimmed−1%	−0.08 pp	39 q
VIPSVipshop Holdings Limited	0.53%	18,990,366	$259M	trimmed−34%	+0.01 pp	6 q
BNYBank of New York Mellon Corporation	0.52%	5,598,265	$255M	trimmed−0%	+0.05 pp	39 q
AXPAmerican Express Company	0.50%	1,650,306	$244M	added+82%	+0.24 pp	12 q
FBINFortune Brands Innovations, Inc.	0.49%	4,238,472	$242M	added+61%	+0.18 pp	2 q
GOOGAlphabet Inc. Class C	0.44%	2,458,117	$218M	added+5%	−0.05 pp	35 q
THOThor Industries, Inc.	0.44%	2,861,284	$216M	trimmed−7%	−0.02 pp	19 q
DISThe Walt Disney Company	0.43%	2,413,095	$210M	added+26%	+0.04 pp	11 q
EBAYeBay Inc	0.41%	4,912,706	$204M	added+9%	+0.05 pp	17 q
FLSFlowserve Corporation	0.41%	6,494,659	$199M	trimmed−1%	+0.07 pp	11 q
GPNGlobal Payments, Inc.	0.41%	2,008,561	$199M	trimmed−47%	−0.48 pp	5 q
LEALear Corporation	0.41%	1,622,426	$201M	trimmed−42%	−0.32 pp	39 q
ADBEAdobe Inc.	0.40%	577,517	$194M	new	+0.40 pp	new
FCNCAFirst Citizens BancShares Inc	0.40%	256,600	$195M	trimmed−25%	−0.19 pp	8 q
PHGKoninklijke Philips N.v.	0.38%	12,425,736	$186M	trimmed−39%	−0.31 pp	4 q
PCARPaccar Inc	0.38%	1,894,399	$187M	trimmed−10%	0.00 pp	6 q
CSLCarlisle Companies, Inc.	0.37%	778,948	$184M	trimmed−2%	−0.11 pp	20 q
MCOMoody's Corporation	0.36%	625,952	$174M	added+2%	+0.04 pp	24 q
TTWOTake-Two Interactive Software Inc	0.36%	1,679,764	$175M	trimmed−6%	−0.06 pp	5 q
HHCThe Howard Hughes Corporation	0.33%	2,129,578	$163M	added0%	+0.08 pp	39 q
MGAMagna International	0.30%	2,648,933	$149M	new	+0.30 pp	new
ETSYEtsy, Inc.	0.27%	1,104,600	$132M	trimmed−42%	−0.14 pp	3 q
UBERUber Technologies, Inc.	0.27%	5,317,381	$131M	trimmed−0%	−0.04 pp	2 q
CRICarter's Inc.	0.26%	1,713,308	$128M	trimmed−1%	+0.01 pp	39 q
ITGartner, Inc.	0.24%	353,533	$119M	trimmed−62%	−0.32 pp	19 q
KDPKeurig Dr Pepper Inc.	0.23%	3,176,017	$113M	trimmed−80%	−0.97 pp	10 q
PDCEPDC Energy, Inc.	0.23%	1,809,503	$115M	trimmed−9%	−0.02 pp	22 q
QSRRestaurant Brands International Inc.	0.23%	1,721,043	$111M	trimmed−26%	−0.04 pp	9 q
WENThe Wendy's Company	0.23%	4,940,755	$112M	trimmed−28%	−0.05 pp	5 q
LIVNLivaNova PLC	0.23%	2,008,159	$112M	trimmed−44%	−0.16 pp	21 q
ARNCArconic Corporation	0.21%	4,882,354	$103M	trimmed−0%	+0.03 pp	11 q
MANManpowerGroup	0.21%	1,262,108	$105M	trimmed−3%	+0.03 pp	16 q
SEESealed Air Corp New	0.21%	2,066,290	$103M	added+4%	+0.02 pp	11 q
CVSCvs Health Corporation	0.19%	996,499	$93M	trimmed−10%	−0.04 pp	39 q
TVGrupo Televisa S.A.	0.18%	19,854,465	$91M	trimmed−61%	−0.41 pp	29 q
91990EURCushman & Wakefield UK Holdc	0.18%	7,287,024	$91M	trimmed−3%	−0.01 pp	7 q
ALSNAllison Transmission Holdings, Inc.	0.16%	1,889,892	$79M	trimmed−63%	−0.21 pp	8 q
WMGWarner Music Group Corp. Class A	0.15%	2,150,098	$75M	added+1%	+0.04 pp	6 q
REGNRegeneron Pharmaceuticals Inc	0.13%	89,639	$65M	trimmed−52%	−0.15 pp	20 q
CMICummins Inc.	0.12%	247,381	$60M	trimmed−35%	−0.05 pp	39 q
HWMHowmet Aerospace Inc.	0.11%	1,397,521	$55M	trimmed−81%	−0.39 pp	24 q
OPLNOPENLANE, Inc	0.10%	3,784,950	$49M	trimmed−7%	0.00 pp	6 q
MBCMasterBrand, Inc.	0.09%	6,169,374	$47M	new	+0.09 pp	new
SPYState Street SPDR S&P 500 ETF Trust	0.09%	118,554	$45M	added×109.2	+0.09 pp	3 q
CHXChampionX Corporation	0.08%	1,397,942	$41M	trimmed−67%	−0.10 pp	19 q
ALVAutoliv, Inc.	0.06%	397,130	$30M	trimmed−7%	0.00 pp	16 q
JCIJohnson Controls International plc	0.06%	478,113	$31M	trimmed−54%	−0.05 pp	21 q
ABMABM Industries, Inc.	0.05%	552,500	$25M	added+38%	+0.02 pp	3 q
DLTRDollar Tree Inc.	0.05%	178,121	$25M	trimmed−13%	−0.01 pp	6 q
HUMHumana Inc.	0.05%	45,808	$23M	trimmed−39%	−0.03 pp	14 q
ACVAACV Auctions Inc.	0.04%	2,295,363	$19M	added+71%	+0.02 pp	5 q
AAPLApple Inc.	0.04%	158,808	$21M	trimmed−5%	−0.01 pp	39 q
ARMKAramark	0.04%	503,703	$21M	trimmed−35%	−0.01 pp	10 q
GRFSGrifois, S.A.	0.04%	2,575,400	$22M	added+48%	+0.02 pp	4 q
QQQInvesco QQQ Trust, Series 1	0.04%	80,098	$21M	new	+0.04 pp	new
LWLamb Weston Holdings, Inc.	0.04%	223,800	$20M	trimmed−25%	−0.01 pp	4 q
REYNReynolds Consumer Products Inc.	0.04%	665,685	$20M	trimmed−25%	−0.01 pp	7 q
TMUST-Mobile US, Inc.	0.04%	127,564	$18M	trimmed−74%	−0.10 pp	11 q
GLPIGaming and Leisure Properties, Inc.	0.03%	239,781	$12M	trimmed−10%	0.00 pp	37 q
TXNTexas Instruments Incorporated	0.03%	88,201	$15M	trimmed−10%	0.00 pp	39 q
ADPAutomatic Data Processing	0.02%	38,107	$9M	trimmed−30%	−0.01 pp	39 q
STZConstellation Brands, Inc.	0.02%	51,794	$12M	trimmed−10%	−0.01 pp	16 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.02%	313,300	$11M	held	—	12 q
GDGeneral Dynamics Corporation	0.02%	43,780	$11M	trimmed−29%	−0.01 pp	11 q
GILGildan Activewear Inc.	0.02%	409,400	$11M	held	—	13 q
POSTPost Holdings, Inc.	0.02%	109,458	$10M	trimmed−54%	−0.02 pp	18 q
QRVOQorvo, Inc.	0.02%	86,004	$8M	trimmed−1%	+0.01 pp	21 q
DEODiageo plc	0.01%	25,798	$5M	trimmed−5%	0.00 pp	39 q
DOVDover Corporation	0.01%	34,635	$5M	trimmed−5%	0.00 pp	39 q
EEFTEuronet Worldwide Inc	0.01%	52,523	$5M	trimmed−32%	0.00 pp	11 q
HRIHerc Holdings Inc.	0.01%	27,691	$4M	trimmed−20%	0.00 pp	27 q
TKRThe Timken Company	0.01%	43,815	$3M	trimmed−4%	0.00 pp	5 q
BAXBaxter International Inc.	0.00%	8,750	$445,988	trimmed−3%	0.00 pp	28 q
CATCaterpillar Inc.	0.00%	6,231	$1M	trimmed−8%	0.00 pp	37 q
CVXChevron Corporation	0.00%	1,350	$242,312	new	0.00 pp	new
FANGDiamondback Energy, Inc.	0.00%	4,408	$602,926	trimmed−100%	−0.24 pp	15 q
GEGE Aerospace	0.00%	2,900	$242,991	trimmed−100%	−0.19 pp	6 q
HIIHuntington Ingalls Industries, Inc.	0.00%	2,785	$642,444	trimmed−97%	−0.05 pp	8 q
ITWIllinois Tool Works Inc.	0.00%	2,745	$604,724	held	—	39 q
INTCIntel Corp	0.00%	25,000	$660,750	held	—	39 q
JPMJPMorgan Chase & Co.	0.00%	5,175	$693,968	held	—	39 q
LBRDALiberty Broadband Corporation Class A	0.00%	10,639	$806,968	trimmed−50%	0.00 pp	13 q
MGMMgm Resorts International	0.00%	7,375	$247,284	held	—	28 q
MSFTMicrosoft Corp	0.00%	1,816	$435,513	held	—	39 q
NDAQNasdaq, Inc.	0.00%	39,291	$2M	trimmed−18%	−0.01 pp	15 q
PMPhilip Morris International Inc.	0.00%	9,623	$973,944	trimmed−99%	−0.13 pp	39 q
SPGIS&P Global Inc.	0.00%	6,792	$2M	added+1%	0.00 pp	16 q
TJXTJX Companies, Inc. (The)	0.00%	3,562	$283,535	new	0.00 pp	new
TRNTrinity Industries, Inc.	0.00%	16,100	$476,077	held	—	23 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.00%	2,606	$1M	trimmed−61%	−0.01 pp	39 q
AONAon plc Class A	0.00%	1,910	$573,267	trimmed−54%	0.00 pp	11 q
HALHalliburton Company	—	−33,593	—	exited	0.00 pp	—
MUMicron Technology, Inc.	—	−4,576	—	exited	0.00 pp	—
SAPSap SE	—	−2,480	—	exited	0.00 pp	—