Harris Associates (Oakmark)

Q2 2023 13F · by Bill Nygren, CIO

As of: Jun 30, 2023
Filed: Aug 14, 2023
US stock: $53.1B · prev $51.5B
Positions: 142 · prev 149
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%

Moves155 since the prior filing

+13.1 pp in · −13.1 pp out

New 9 +2.14 pp
Added 48 +10.96 pp
Trimmed 82 −12.15 pp
Exited 16 −0.96 pp

The book

Diversified · behaves like 45 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 49% a year, about 2.0 years per position

Low
Moderate
High

Top 5 positions21% of US stock

Positions142 in this filing · 16 exited


GOOGLAlphabet Inc. Class A	6.05%	26,850,730	$3.2B	trimmed−27%	−1.38 pp	31 q
COFCapital One Financial	3.93%	19,090,102	$2.1B	added+25%	+1.07 pp	41 q
AMZNAmazon.Com Inc	3.83%	15,618,648	$2.0B	trimmed−32%	−0.76 pp	7 q
CHTRCharter Comm Inc Del CL A New	3.72%	5,381,827	$2.0B	added+25%	+0.73 pp	29 q
FISVFiserv, Inc.	3.68%	15,491,265	$2.0B	trimmed−11%	−0.13 pp	11 q
ICEIntercontinental Exchange Inc.	3.10%	14,550,979	$1.6B	added+18%	+0.61 pp	9 q
KKRKKR & Co. Inc.	3.07%	29,160,310	$1.6B	added+9%	+0.35 pp	11 q
CNHCnh Industrial N.v.	3.06%	112,756,552	$1.6B	added+19%	+0.24 pp	11 q
COPConocoPhillips	2.92%	14,955,108	$1.5B	added×2.2	+1.62 pp	10 q
BACBank of America Corporation	2.89%	53,462,371	$1.5B	added+6%	+0.09 pp	41 q
GMGeneral Motors Company	2.80%	38,534,984	$1.5B	added0%	+0.06 pp	41 q
ORCLOracle Corp	2.71%	12,077,686	$1.4B	trimmed−37%	−0.75 pp	41 q
AIGAmerican International Group, Inc.	2.44%	22,548,138	$1.3B	added+43%	+0.89 pp	41 q
CBRECbre Group, Inc.	2.24%	14,735,255	$1.2B	added+10%	+0.34 pp	38 q
CRMSalesforce, Inc.	2.01%	5,056,476	$1.1B	trimmed−34%	−0.98 pp	10 q
SCHWThe Charles Schwab Corporation	2.01%	18,865,188	$1.1B	added+54%	+0.76 pp	20 q
WFCWells Fargo & Co.	1.93%	24,037,028	$1.0B	added+6%	+0.28 pp	41 q
EOGEOG Resources, Inc.	1.86%	8,623,978	$987M	added+19%	+0.25 pp	17 q
HCAHCA Healthcare, Inc.	1.72%	3,013,323	$914M	trimmed−39%	−0.81 pp	30 q
PHParker-Hannifin Corporation	1.66%	2,264,268	$883M	trimmed−15%	−0.07 pp	6 q
0VQJLTe Connectivity Ltd	1.63%	6,164,588	$864M	trimmed−10%	−0.12 pp	41 q
WTWWillis Towers Watson Public Limited Company	1.57%	3,532,080	$832M	trimmed−4%	−0.09 pp	10 q
RYAAYRyanair Holdings plc	1.55%	7,440,497	$823M	trimmed−27%	−0.31 pp	22 q
WBDWarner Bros. Discovery, Inc. Series A	1.52%	64,361,159	$807M	added+7%	−0.25 pp	4 q
CMCSAComcast Corp	1.36%	17,431,130	$724M	added+6%	+0.15 pp	41 q
ALLYAlly Financial Inc.	1.32%	26,031,492	$703M	added0%	+0.04 pp	31 q
FCNCAFirst Citizens BancShares Inc	1.25%	519,290	$666M	added+58%	+0.63 pp	10 q
DHRDanaher Corporation	1.05%	2,321,140	$557M	new	+1.05 pp	new
MASMasco Corporation	1.05%	9,728,394	$558M	added+9%	+0.19 pp	5 q
LBRDKLiberty Broadband Corporation Class C	0.98%	6,473,290	$519M	added+5%	0.00 pp	31 q
IPGThe Interpublic Group of Companies, Inc.	0.97%	13,382,059	$516M	trimmed−4%	−0.04 pp	37 q
CCitigroup Inc.	0.94%	10,792,958	$497M	trimmed−10%	−0.15 pp	38 q
LADLithia Motors, Inc.	0.94%	1,647,856	$501M	added+10%	+0.27 pp	6 q
STTState Street Corporation	0.94%	6,806,725	$498M	added+21%	+0.12 pp	41 q
BWABorgWarner Inc.	0.93%	10,146,082	$496M	trimmed−4%	−0.08 pp	41 q
OTEXOpen Text Corp	0.89%	11,338,207	$472M	trimmed−22%	−0.20 pp	16 q
KRThe Kroger Co.	0.88%	9,918,639	$466M	added×2.3	+0.47 pp	2 q
WDAYWorkday, Inc. Class A	0.88%	2,074,013	$468M	trimmed−30%	−0.31 pp	15 q
APAAPA Corporation	0.86%	13,374,458	$457M	added+23%	+0.10 pp	10 q
HLTHilton Worldwide Holdings Inc.	0.81%	2,943,624	$428M	trimmed−8%	−0.07 pp	22 q
METAMeta Platforms, Inc. Class A	0.79%	1,469,711	$422M	trimmed−39%	−0.21 pp	22 q
GSGoldman Sachs Group Inc.	0.78%	1,292,895	$417M	trimmed−0%	−0.04 pp	41 q
BLQADBlackrock Inc	0.76%	581,177	$402M	trimmed−17%	−0.15 pp	41 q
MCOMoody's Corporation	0.74%	1,124,848	$391M	added+9%	+0.13 pp	26 q
IQVIQVIA Holdings Inc.	0.68%	1,598,580	$359M	new	+0.68 pp	new
FBINFortune Brands Innovations, Inc.	0.66%	4,879,786	$351M	added+9%	+0.15 pp	4 q
LBTYALiberty Global Ltd. Class A	0.66%	20,700,139	$349M	trimmed−24%	−0.37 pp	24 q
VVISA Inc.	0.62%	1,385,541	$329M	trimmed−16%	−0.10 pp	41 q
MOAltria Group, Inc.	0.61%	7,204,971	$326M	added+14%	+0.06 pp	10 q
AXPAmerican Express Company	0.61%	1,868,638	$326M	added+2%	+0.03 pp	14 q
BNYBank of New York Mellon Corporation	0.59%	7,100,250	$316M	added+27%	+0.10 pp	41 q
THOThor Industries, Inc.	0.59%	3,008,564	$311M	trimmed−0%	+0.12 pp	21 q
TFCTruist Financial Corporation	0.59%	10,387,680	$315M	added+85%	+0.22 pp	2 q
PINSPinterest, Inc. Class A	0.58%	11,344,771	$310M	trimmed−38%	−0.39 pp	15 q
PHMPultegroup, Inc.	0.58%	3,963,314	$308M	trimmed−31%	−0.07 pp	7 q
EFXEquifax, Incorporated	0.57%	1,278,183	$301M	trimmed−13%	−0.01 pp	21 q
CSLCarlisle Companies, Inc.	0.54%	1,116,935	$287M	added+39%	+0.19 pp	22 q
RGAReinsurance Group of America, Incorporated	0.54%	2,087,033	$289M	trimmed−5%	−0.03 pp	14 q
BKNGBooking Holdings Inc.	0.52%	102,841	$278M	trimmed−59%	−0.79 pp	22 q
GOOGAlphabet Inc. Class C	0.49%	2,132,498	$258M	trimmed−14%	−0.01 pp	37 q
CRBGCorebridge Financial, Inc.	0.46%	13,895,536	$245M	added×5.2	+0.38 pp	2 q
GPNGlobal Payments, Inc.	0.42%	2,282,785	$225M	added+13%	+0.01 pp	7 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.40%	6,202,728	$210M	added×2.9	+0.23 pp	14 q
CECelanese Corporation	0.39%	1,795,819	$208M	new	+0.39 pp	new
EBAYeBay Inc	0.38%	4,506,727	$201M	trimmed−8%	−0.04 pp	19 q
LEALear Corporation	0.37%	1,384,124	$199M	trimmed−6%	−0.03 pp	41 q
MGAMagna International	0.36%	3,356,809	$189M	added+26%	+0.08 pp	3 q
DISThe Walt Disney Company	0.34%	1,995,536	$178M	trimmed−0%	−0.05 pp	13 q
HHCThe Howard Hughes Corporation	0.31%	2,104,276	$166M	added0%	−0.02 pp	41 q
SEESealed Air Corp New	0.31%	4,097,645	$164M	added+47%	+0.06 pp	13 q
BRK.BBERKSHIRE HATHAWAY Class B	0.28%	431,977	$147M	trimmed−68%	−0.53 pp	15 q
VIPSVipshop Holdings Limited	0.27%	8,734,169	$144M	trimmed−36%	−0.13 pp	8 q
CRICarter's Inc.	0.25%	1,803,846	$131M	added+3%	0.00 pp	41 q
PCARPaccar Inc	0.25%	1,583,096	$132M	trimmed−23%	−0.04 pp	8 q
FLSFlowserve Corporation	0.24%	3,428,375	$127M	trimmed−43%	−0.16 pp	13 q
WENThe Wendy's Company	0.23%	5,600,304	$122M	trimmed−2%	−0.01 pp	7 q
NFLXNetFlix Inc	0.22%	264,173	$116M	trimmed−81%	−0.69 pp	24 q
BAXBaxter International Inc.	0.21%	2,425,779	$111M	added×160.1	+0.21 pp	30 q
PDCEPDC Energy, Inc.	0.19%	1,436,693	$102M	trimmed−21%	−0.04 pp	24 q
WMGWarner Music Group Corp. Class A	0.16%	3,233,130	$84M	added+52%	+0.02 pp	8 q
MANManpowerGroup	0.14%	931,870	$74M	trimmed−2%	−0.01 pp	18 q
CVSCvs Health Corporation	0.13%	1,011,899	$70M	added+3%	−0.01 pp	41 q
QSRRestaurant Brands International Inc.	0.13%	864,439	$67M	trimmed−49%	−0.09 pp	11 q
OPLNOPENLANE, Inc	0.12%	4,150,297	$63M	added+9%	+0.02 pp	8 q
MAMastercard Incorporated	0.11%	154,405	$61M	trimmed−72%	−0.27 pp	41 q
ACVAACV Auctions Inc.	0.07%	2,239,408	$39M	trimmed−2%	+0.01 pp	7 q
ABMABM Industries, Inc.	0.07%	916,850	$39M	added+59%	+0.02 pp	5 q
GILGildan Activewear Inc.	0.07%	1,072,900	$35M	added+41%	+0.02 pp	15 q
AAPLApple Inc.	0.06%	153,312	$30M	trimmed−3%	+0.01 pp	41 q
ALVAutoliv, Inc.	0.06%	404,400	$34M	added+1%	−0.01 pp	18 q
DLTRDollar Tree Inc.	0.06%	215,341	$31M	trimmed−3%	0.00 pp	8 q
91990EURCushman & Wakefield UK Holdc	0.06%	3,988,798	$33M	trimmed−48%	−0.10 pp	9 q
ALSNAllison Transmission Holdings, Inc.	0.05%	514,416	$29M	trimmed−5%	0.00 pp	10 q
CIGIColliers International Group Inc. Subordinate Voting Shares	0.05%	251,140	$25M	added×4.2	+0.04 pp	2 q
GRFSGrifois, S.A.	0.05%	2,769,700	$25M	trimmed−1%	+0.01 pp	6 q
JCIJohnson Controls International plc	0.04%	343,124	$23M	trimmed−2%	0.00 pp	23 q
NOVNOV Inc.	0.03%	888,929	$14M	trimmed−89%	−0.26 pp	10 q
TXNTexas Instruments Incorporated	0.03%	79,322	$14M	trimmed−4%	0.00 pp	41 q
ADBEAdobe Inc.	0.02%	26,805	$13M	trimmed−97%	−0.61 pp	3 q
CHXChampionX Corporation	0.02%	380,250	$12M	trimmed−59%	−0.03 pp	21 q
CCKCrown Holdings Inc.	0.02%	103,980	$9M	added+39%	+0.01 pp	2 q
SPNNSapiens International Corp	0.02%	331,600	$9M	new	+0.02 pp	new
ADPAutomatic Data Processing	0.01%	29,925	$7M	trimmed−2%	0.00 pp	41 q
DEODiageo plc	0.01%	19,553	$3M	trimmed−2%	0.00 pp	41 q
DOVDover Corporation	0.01%	32,311	$5M	trimmed−2%	0.00 pp	41 q
EEFTEuronet Worldwide Inc	0.01%	43,216	$5M	trimmed−5%	0.00 pp	13 q
KDPKeurig Dr Pepper Inc.	0.01%	164,678	$5M	trimmed−63%	−0.02 pp	12 q
LBRDALiberty Broadband Corporation Class A	0.01%	33,779	$3M	added+99%	+0.01 pp	15 q
MBCMasterBrand, Inc.	0.01%	238,465	$3M	trimmed−96%	−0.09 pp	3 q
ABBVAbbvie Inc.	0.00%	3,255	$438,546	new	0.00 pp	new
BRK.ABerkshire Hathaway Inc.	0.00%	1	$517,810	held	—	2 q
CATCaterpillar Inc.	0.00%	4,225	$1M	trimmed−17%	0.00 pp	39 q
CVXChevron Corporation	0.00%	1,850	$291,098	trimmed−21%	0.00 pp	3 q
CFGCitizens Financial Group, Inc.	0.00%	36,100	$941,488	new	0.00 pp	new
STZConstellation Brands, Inc.	0.00%	5,283	$1M	trimmed−85%	−0.02 pp	18 q
CMICummins Inc.	0.00%	8,223	$2M	trimmed−4%	0.00 pp	41 q
FANGDiamondback Energy, Inc.	0.00%	1,672	$219,634	held	—	17 q
FITBFifth Third Bancorp	0.00%	24,500	$642,145	new	0.00 pp	new
GLPIGaming and Leisure Properties, Inc.	0.00%	42,267	$2M	trimmed−28%	−0.01 pp	39 q
ITGartner, Inc.	0.00%	4,321	$2M	trimmed−48%	−0.01 pp	21 q
GDGeneral Dynamics Corporation	0.00%	6,590	$1M	held	—	13 q
HRIHerc Holdings Inc.	0.00%	13,456	$2M	trimmed−42%	−0.01 pp	29 q
HWMHowmet Aerospace Inc.	0.00%	10,000	$495,600	trimmed−86%	−0.01 pp	26 q
HUMHumana Inc.	0.00%	1,245	$556,677	trimmed−35%	0.00 pp	16 q
HIIHuntington Ingalls Industries, Inc.	0.00%	1,239	$281,996	trimmed−34%	0.00 pp	10 q
IBMInternational Business Machines Corporation	0.00%	3,977	$532,162	added+5%	0.00 pp	2 q
JPMJPMorgan Chase & Co.	0.00%	5,175	$752,652	trimmed−20%	0.00 pp	41 q
MCDMcDonald's Corporation	0.00%	900	$268,569	new	0.00 pp	new
MSFTMicrosoft Corp	0.00%	2,466	$839,772	trimmed−4%	0.00 pp	41 q
NDAQNasdaq, Inc.	0.00%	28,707	$1M	trimmed−19%	0.00 pp	17 q
PMPhilip Morris International Inc.	0.00%	8,297	$809,953	trimmed−4%	0.00 pp	41 q
POSTPost Holdings, Inc.	0.00%	3,475	$301,109	trimmed−87%	0.00 pp	20 q
REGNRegeneron Pharmaceuticals Inc	0.00%	878	$630,878	trimmed−53%	0.00 pp	22 q
REYNReynolds Consumer Products Inc.	0.00%	72,146	$2M	trimmed−84%	−0.02 pp	9 q
SPGIS&P Global Inc.	0.00%	5,230	$2M	trimmed−3%	0.00 pp	18 q
SPYState Street SPDR S&P 500 ETF Trust	0.00%	1,016	$450,372	trimmed−5%	0.00 pp	5 q
TMUST-Mobile US, Inc.	0.00%	14,537	$2M	trimmed−58%	−0.01 pp	13 q
THCTenet Healthcare Corporation New	0.00%	3,900	$317,382	trimmed−100%	−0.59 pp	41 q
TKRThe Timken Company	0.00%	12,355	$1M	trimmed−16%	0.00 pp	7 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.00%	2,053	$986,754	trimmed−5%	0.00 pp	41 q
MTNVail Resorts, Inc.	0.00%	9,165	$2M	trimmed−1%	0.00 pp	2 q
CPRICapri Holdings Limited	0.00%	17,675	$634,356	new	0.00 pp	new
TTWOTake-Two Interactive Software Inc	—	−1,604,288	—	exited	−0.37 pp	—
UBERUber Technologies, Inc.	—	−4,490,715	—	exited	−0.28 pp	—
ARNCArconic Corporation	—	−4,468,759	—	exited	−0.23 pp	—
LWLamb Weston Holdings, Inc.	—	−175,045	—	exited	−0.04 pp	—
LIVNLivaNova PLC	—	−425,912	—	exited	−0.04 pp	—
ARMKAramark	—	−15,724	—	exited	0.00 pp	—
ITWIllinois Tool Works Inc.	—	−2,472	—	exited	0.00 pp	—
NUVNuveen Municipal Value Fund, Inc.	—	−18,150	—	exited	0.00 pp	—
PGProcter & Gamble Company	—	−1,500	—	exited	0.00 pp	—
QRVOQorvo, Inc.	—	−9,757	—	exited	0.00 pp	—
DIAState Street SPDR Dow Jones Industrial Average ETF Trust	—	−1,250	—	exited	0.00 pp	—
XLVState Street Health Care Select Sector SPDR ETF	—	−60	—	exited	0.00 pp	—
XLKState Street Technology Select Sector SPDR ETF	—	−862	—	exited	0.00 pp	—
XLUState Street Utilities Select Sector SPDR ETF	—	−2,250	—	exited	0.00 pp	—
TEITempleton Emerging Markets Income Fund	—	−12,500	—	exited	0.00 pp	—
AONAon plc Class A	—	−1,910	—	exited	0.00 pp	—