Harris Associates (Oakmark)

Q1 2023 13F · by Bill Nygren, CIO

As of: Mar 31, 2023
Filed: May 15, 2023
US stock: $51.5B · prev $49.1B
Positions: 149 · prev 143
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%

Moves156 since the prior filing

+6.1 pp in · −6.1 pp out

New 15 +0.88 pp
Added 49 +5.27 pp
Trimmed 83 −5.25 pp
Exited 9 −0.87 pp

The book

Diversified · behaves like 43 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 26% a year, about 3.9 years per position

Low
Moderate
High

Top 5 positions22% of US stock

Positions149 in this filing · 9 exited


GOOGLAlphabet Inc. Class A	7.43%	36,900,231	$3.8B	added+1%	+0.84 pp	30 q
AMZNAmazon.Com Inc	4.59%	22,869,031	$2.4B	added+18%	+1.29 pp	6 q
FISVFiserv, Inc.	3.81%	17,362,274	$2.0B	trimmed−11%	−0.20 pp	10 q
ORCLOracle Corp	3.46%	19,179,054	$1.8B	added0%	+0.27 pp	40 q
CHTRCharter Comm Inc Del CL A New	2.99%	4,311,043	$1.5B	added+11%	+0.30 pp	28 q
CRMSalesforce, Inc.	2.99%	7,714,470	$1.5B	trimmed−5%	+0.79 pp	9 q
COFCapital One Financial	2.86%	15,326,877	$1.5B	added+22%	+0.48 pp	40 q
CNHCnh Industrial N.v.	2.82%	95,024,122	$1.5B	added+4%	−0.16 pp	10 q
BACBank of America Corporation	2.80%	50,482,810	$1.4B	added+21%	−0.01 pp	40 q
GMGeneral Motors Company	2.74%	38,415,673	$1.4B	trimmed−2%	+0.04 pp	40 q
KKRKKR & Co. Inc.	2.72%	26,656,801	$1.4B	added0%	+0.20 pp	10 q
HCAHCA Healthcare, Inc.	2.53%	4,938,692	$1.3B	trimmed−26%	−0.73 pp	29 q
ICEIntercontinental Exchange Inc.	2.49%	12,300,265	$1.3B	added+28%	+0.48 pp	8 q
CBRECbre Group, Inc.	1.90%	13,442,723	$979M	trimmed−2%	−0.24 pp	37 q
RYAAYRyanair Holdings plc	1.86%	10,154,207	$957M	trimmed−7%	+0.20 pp	21 q
WBDWarner Bros. Discovery, Inc. Series A	1.77%	60,312,666	$911M	trimmed−1%	+0.59 pp	3 q
0VQJLTe Connectivity Ltd	1.75%	6,880,451	$902M	trimmed−18%	−0.22 pp	40 q
PHParker-Hannifin Corporation	1.73%	2,655,114	$892M	trimmed−4%	+0.09 pp	5 q
WTWWillis Towers Watson Public Limited Company	1.66%	3,686,127	$857M	trimmed−6%	−0.30 pp	9 q
WFCWells Fargo & Co.	1.65%	22,688,311	$848M	added+9%	−0.10 pp	40 q
EOGEOG Resources, Inc.	1.61%	7,224,872	$828M	added+18%	0.00 pp	16 q
AIGAmerican International Group, Inc.	1.55%	15,822,414	$797M	trimmed−2%	−0.53 pp	40 q
BKNGBooking Holdings Inc.	1.31%	253,735	$673M	trimmed−51%	−0.80 pp	21 q
COPConocoPhillips	1.30%	6,725,979	$667M	added×2.9	+0.74 pp	9 q
ALLYAlly Financial Inc.	1.28%	25,964,238	$662M	trimmed−0%	−0.01 pp	30 q
SCHWThe Charles Schwab Corporation	1.25%	12,266,936	$643M	added+42%	−0.21 pp	19 q
CMCSAComcast Corp	1.21%	16,375,690	$621M	added+2%	+0.07 pp	40 q
WDAYWorkday, Inc. Class A	1.19%	2,960,963	$612M	trimmed−3%	+0.15 pp	14 q
CCitigroup Inc.	1.09%	11,970,871	$561M	trimmed−23%	−0.34 pp	37 q
OTEXOpen Text Corp	1.09%	14,572,307	$562M	trimmed−4%	+0.17 pp	15 q
LBTYALiberty Global Ltd. Class A	1.03%	27,268,010	$532M	trimmed−15%	−0.21 pp	23 q
BWABorgWarner Inc.	1.01%	10,570,229	$519M	trimmed−9%	+0.06 pp	40 q
IPGThe Interpublic Group of Companies, Inc.	1.01%	13,934,239	$519M	trimmed−1%	+0.05 pp	36 q
METAMeta Platforms, Inc. Class A	1.00%	2,423,164	$514M	trimmed−15%	+0.30 pp	21 q
LBRDKLiberty Broadband Corporation Class C	0.98%	6,159,832	$503M	added+3%	+0.06 pp	30 q
PINSPinterest, Inc. Class A	0.97%	18,334,483	$500M	trimmed−28%	−0.30 pp	14 q
BLQADBlackrock Inc	0.91%	697,677	$467M	trimmed−11%	−0.23 pp	40 q
NFLXNetFlix Inc	0.91%	1,357,758	$469M	trimmed−45%	−0.58 pp	23 q
HLTHilton Worldwide Holdings Inc.	0.88%	3,216,649	$453M	trimmed−10%	−0.03 pp	21 q
MASMasco Corporation	0.86%	8,947,345	$445M	added+7%	+0.06 pp	4 q
GSGoldman Sachs Group Inc.	0.82%	1,298,727	$425M	trimmed−6%	−0.15 pp	40 q
STTState Street Corporation	0.82%	5,610,722	$425M	trimmed−0%	−0.07 pp	40 q
BRK.BBERKSHIRE HATHAWAY Class B	0.81%	1,357,843	$419M	trimmed−14%	−0.19 pp	14 q
APAAPA Corporation	0.76%	10,903,629	$393M	added+8%	−0.20 pp	9 q
VVISA Inc.	0.72%	1,646,078	$371M	trimmed−12%	−0.07 pp	40 q
LADLithia Motors, Inc.	0.67%	1,503,388	$344M	added+13%	+0.11 pp	5 q
PHMPultegroup, Inc.	0.65%	5,747,572	$335M	trimmed−3%	+0.10 pp	6 q
ADBEAdobe Inc.	0.63%	847,061	$326M	added+47%	+0.23 pp	2 q
FCNCAFirst Citizens BancShares Inc	0.62%	328,310	$319M	added+28%	+0.22 pp	9 q
MCOMoody's Corporation	0.61%	1,032,081	$316M	added+65%	+0.25 pp	25 q
THCTenet Healthcare Corporation New	0.59%	5,075,669	$302M	trimmed−7%	+0.05 pp	40 q
AXPAmerican Express Company	0.58%	1,824,858	$301M	added+11%	+0.08 pp	13 q
EFXEquifax, Incorporated	0.58%	1,470,894	$298M	added+3%	+0.01 pp	20 q
RGAReinsurance Group of America, Incorporated	0.57%	2,200,526	$292M	trimmed−17%	−0.20 pp	13 q
MOAltria Group, Inc.	0.55%	6,337,364	$283M	added+4%	−0.02 pp	9 q
FBINFortune Brands Innovations, Inc.	0.51%	4,478,289	$263M	added+6%	+0.02 pp	3 q
GOOGAlphabet Inc. Class C	0.50%	2,482,301	$258M	added+1%	+0.06 pp	36 q
BNYBank of New York Mellon Corporation	0.49%	5,610,694	$255M	added0%	−0.03 pp	40 q
THOThor Industries, Inc.	0.47%	3,014,515	$240M	added+5%	+0.03 pp	20 q
EBAYeBay Inc	0.42%	4,914,882	$218M	added0%	+0.01 pp	18 q
GPNGlobal Payments, Inc.	0.41%	2,016,757	$212M	added0%	0.00 pp	6 q
KRThe Kroger Co.	0.41%	4,320,851	$213M	new	+0.41 pp	new
FLSFlowserve Corporation	0.40%	6,060,984	$206M	trimmed−7%	−0.01 pp	12 q
LEALear Corporation	0.40%	1,475,300	$206M	trimmed−9%	−0.01 pp	40 q
VIPSVipshop Holdings Limited	0.40%	13,631,385	$207M	trimmed−28%	−0.13 pp	7 q
DISThe Walt Disney Company	0.39%	2,003,768	$201M	trimmed−17%	−0.04 pp	12 q
MAMastercard Incorporated	0.38%	541,958	$197M	trimmed−44%	−0.30 pp	40 q
TTWOTake-Two Interactive Software Inc	0.37%	1,604,288	$191M	trimmed−4%	+0.01 pp	6 q
TFCTruist Financial Corporation	0.37%	5,620,804	$192M	new	+0.37 pp	new
CSLCarlisle Companies, Inc.	0.35%	805,988	$182M	added+3%	−0.02 pp	21 q
HHCThe Howard Hughes Corporation	0.33%	2,104,227	$168M	trimmed−1%	0.00 pp	40 q
NOVNOV Inc.	0.29%	8,064,347	$149M	trimmed−46%	−0.34 pp	9 q
PCARPaccar Inc	0.29%	2,052,523	$150M	trimmed−28%	−0.09 pp	7 q
MGAMagna International	0.28%	2,659,272	$142M	added0%	−0.02 pp	2 q
UBERUber Technologies, Inc.	0.28%	4,490,715	$142M	trimmed−16%	+0.01 pp	3 q
CRICarter's Inc.	0.25%	1,759,123	$127M	added+3%	−0.01 pp	40 q
SEESealed Air Corp New	0.25%	2,793,415	$128M	added+35%	+0.04 pp	12 q
WENThe Wendy's Company	0.24%	5,711,808	$124M	added+16%	+0.01 pp	6 q
ARNCArconic Corporation	0.23%	4,468,759	$117M	trimmed−8%	+0.02 pp	12 q
PDCEPDC Energy, Inc.	0.23%	1,809,503	$116M	held	—	23 q
QSRRestaurant Brands International Inc.	0.22%	1,694,543	$114M	trimmed−2%	−0.01 pp	10 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.17%	2,145,628	$88M	added×6.8	+0.15 pp	13 q
91990EURCushman & Wakefield UK Holdc	0.16%	7,601,199	$80M	added+4%	−0.02 pp	8 q
MANManpowerGroup	0.15%	951,708	$79M	trimmed−25%	−0.06 pp	17 q
CVSCvs Health Corporation	0.14%	981,787	$73M	trimmed−1%	−0.05 pp	40 q
WMGWarner Music Group Corp. Class A	0.14%	2,124,778	$71M	trimmed−1%	−0.01 pp	7 q
OPLNOPENLANE, Inc	0.10%	3,808,980	$52M	added+1%	0.00 pp	7 q
MBCMasterBrand, Inc.	0.10%	6,288,412	$51M	added+2%	+0.01 pp	2 q
CRBGCorebridge Financial, Inc.	0.08%	2,695,305	$43M	new	+0.08 pp	new
ALVAutoliv, Inc.	0.07%	400,830	$37M	added+1%	+0.01 pp	17 q
ACVAACV Auctions Inc.	0.06%	2,287,637	$30M	trimmed−0%	+0.02 pp	6 q
DLTRDollar Tree Inc.	0.06%	221,201	$32M	added+24%	+0.01 pp	7 q
ABMABM Industries, Inc.	0.05%	578,300	$26M	added+5%	0.00 pp	4 q
ALSNAllison Transmission Holdings, Inc.	0.05%	540,158	$24M	trimmed−71%	−0.11 pp	9 q
AAPLApple Inc.	0.05%	157,908	$26M	trimmed−1%	+0.01 pp	40 q
CHXChampionX Corporation	0.05%	917,642	$25M	trimmed−34%	−0.03 pp	20 q
GILGildan Activewear Inc.	0.05%	762,900	$25M	added+86%	+0.03 pp	14 q
GRFSGrifois, S.A.	0.04%	2,791,600	$21M	added+8%	0.00 pp	5 q
LWLamb Weston Holdings, Inc.	0.04%	175,045	$18M	trimmed−22%	0.00 pp	5 q
JCIJohnson Controls International plc	0.04%	351,114	$21M	trimmed−27%	−0.02 pp	22 q
LIVNLivaNova PLC	0.04%	425,912	$19M	trimmed−79%	−0.19 pp	22 q
KDPKeurig Dr Pepper Inc.	0.03%	450,740	$16M	trimmed−86%	−0.20 pp	11 q
TXNTexas Instruments Incorporated	0.03%	82,846	$15M	trimmed−6%	0.00 pp	40 q
STZConstellation Brands, Inc.	0.02%	36,082	$8M	trimmed−30%	0.00 pp	17 q
REYNReynolds Consumer Products Inc.	0.02%	462,972	$13M	trimmed−30%	−0.02 pp	8 q
ADPAutomatic Data Processing	0.01%	30,590	$7M	trimmed−20%	−0.01 pp	40 q
CIGIColliers International Group Inc. Subordinate Voting Shares	0.01%	59,300	$6M	new	+0.01 pp	new
CCKCrown Holdings Inc.	0.01%	75,015	$6M	new	+0.01 pp	new
DEODiageo plc	0.01%	20,053	$4M	trimmed−22%	0.00 pp	40 q
DOVDover Corporation	0.01%	32,896	$5M	trimmed−5%	0.00 pp	40 q
EEFTEuronet Worldwide Inc	0.01%	45,396	$5M	trimmed−14%	0.00 pp	12 q
GLPIGaming and Leisure Properties, Inc.	0.01%	58,875	$3M	trimmed−75%	−0.02 pp	38 q
ITGartner, Inc.	0.01%	8,271	$3M	trimmed−98%	−0.23 pp	20 q
HRIHerc Holdings Inc.	0.01%	23,211	$3M	trimmed−16%	0.00 pp	28 q
HWMHowmet Aerospace Inc.	0.01%	73,519	$3M	trimmed−95%	−0.10 pp	25 q
TMUST-Mobile US, Inc.	0.01%	34,923	$5M	trimmed−73%	−0.03 pp	12 q
ARMKAramark	0.00%	15,724	$562,919	trimmed−97%	−0.04 pp	11 q
BAXBaxter International Inc.	0.00%	15,150	$614,484	added+73%	0.00 pp	29 q
BRK.ABerkshire Hathaway Inc.	0.00%	1	$465,600	new	0.00 pp	new
CATCaterpillar Inc.	0.00%	5,070	$1M	trimmed−19%	0.00 pp	38 q
CVXChevron Corporation	0.00%	2,350	$383,426	added+74%	0.00 pp	2 q
CMICummins Inc.	0.00%	8,542	$2M	trimmed−97%	−0.12 pp	40 q
FANGDiamondback Energy, Inc.	0.00%	1,672	$226,004	trimmed−62%	0.00 pp	16 q
GDGeneral Dynamics Corporation	0.00%	6,590	$2M	trimmed−85%	−0.02 pp	12 q
HUMHumana Inc.	0.00%	1,906	$925,287	trimmed−96%	−0.05 pp	15 q
HIIHuntington Ingalls Industries, Inc.	0.00%	1,889	$391,061	trimmed−32%	0.00 pp	9 q
ITWIllinois Tool Works Inc.	0.00%	2,472	$601,808	trimmed−10%	0.00 pp	40 q
IBMInternational Business Machines Corporation	0.00%	3,800	$498,142	new	0.00 pp	new
JPMJPMorgan Chase & Co.	0.00%	6,475	$843,757	added+25%	0.00 pp	40 q
LBRDALiberty Broadband Corporation Class A	0.00%	16,939	$1M	added+59%	0.00 pp	14 q
MSFTMicrosoft Corp	0.00%	2,566	$739,778	added+41%	0.00 pp	40 q
NDAQNasdaq, Inc.	0.00%	35,308	$2M	trimmed−10%	0.00 pp	16 q
NUVNuveen Municipal Value Fund, Inc.	0.00%	18,150	$159,902	new	0.00 pp	new
PMPhilip Morris International Inc.	0.00%	8,655	$841,699	trimmed−10%	0.00 pp	40 q
POSTPost Holdings, Inc.	0.00%	27,467	$2M	trimmed−75%	−0.02 pp	19 q
PGProcter & Gamble Company	0.00%	1,500	$223,035	new	0.00 pp	new
QRVOQorvo, Inc.	0.00%	9,757	$991,018	trimmed−89%	−0.02 pp	22 q
REGNRegeneron Pharmaceuticals Inc	0.00%	1,886	$2M	trimmed−98%	−0.13 pp	21 q
SPGIS&P Global Inc.	0.00%	5,395	$2M	trimmed−21%	0.00 pp	17 q
SPYState Street SPDR S&P 500 ETF Trust	0.00%	1,066	$436,410	trimmed−99%	−0.09 pp	4 q
DIAState Street SPDR Dow Jones Industrial Average ETF Trust	0.00%	1,250	$415,775	new	0.00 pp	new
XLVState Street Health Care Select Sector SPDR ETF	0.00%	60	$7,768	new	0.00 pp	new
XLKState Street Technology Select Sector SPDR ETF	0.00%	862	$130,171	new	0.00 pp	new
XLUState Street Utilities Select Sector SPDR ETF	0.00%	2,250	$152,303	new	0.00 pp	new
TEITempleton Emerging Markets Income Fund	0.00%	12,500	$63,375	new	0.00 pp	new
TKRThe Timken Company	0.00%	14,790	$1M	trimmed−66%	−0.01 pp	6 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.00%	2,153	$1M	trimmed−17%	0.00 pp	40 q
MTNVail Resorts, Inc.	0.00%	9,295	$2M	new	0.00 pp	new
AONAon plc Class A	0.00%	1,910	$602,204	held	—	12 q
PHGKoninklijke Philips N.v.	—	−12,425,736	—	exited	−0.38 pp	—
ETSYEtsy, Inc.	—	−1,104,600	—	exited	−0.27 pp	—
TVGrupo Televisa S.A.	—	−19,854,465	—	exited	−0.18 pp	—
QQQInvesco QQQ Trust, Series 1	—	−80,098	—	exited	−0.04 pp	—
GEGE Aerospace	—	−2,900	—	exited	0.00 pp	—
INTCIntel Corp	—	−25,000	—	exited	0.00 pp	—
MGMMgm Resorts International	—	−7,375	—	exited	0.00 pp	—
TJXTJX Companies, Inc. (The)	—	−3,562	—	exited	0.00 pp	—
TRNTrinity Industries, Inc.	—	−16,100	—	exited	0.00 pp	—