Harris Associates (Oakmark)

Q1 2024 13F · by Bill Nygren, CIO

As of: Mar 31, 2024
Filed: May 15, 2024
US stock: $61.8B · prev $58.0B
Positions: 133 · 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%

Moves142 since the prior filing

+7.9 pp in · −8.0 pp out

New 7 +3.26 pp
Added 34 +4.68 pp
Trimmed 84 −8.01 pp
Exited 17 0.00 pp

The book

Diversified · behaves like 47 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 35% a year, about 2.8 years per position

Low
Moderate
High

Top 5 positions20% of US stock

Positions133 in this filing · 17 exited


GOOGLAlphabet Inc. Class A	4.82%	19,739,050	$3.0B	trimmed−5%	−0.17 pp	34 q
IQVIQVIA Holdings Inc.	4.15%	10,143,388	$2.6B	added+4%	+0.26 pp	4 q
COFCapital One Financial	3.87%	16,086,171	$2.4B	trimmed−15%	−0.41 pp	44 q
FISVFiserv, Inc.	3.70%	14,320,360	$2.3B	trimmed−5%	+0.26 pp	14 q
ICEIntercontinental Exchange Inc.	3.36%	15,110,721	$2.1B	trimmed−5%	−0.17 pp	12 q
BACBank of America Corporation	3.04%	49,501,639	$1.9B	trimmed−9%	−0.12 pp	44 q
CNHCnh Industrial N.v.	3.02%	144,010,122	$1.9B	trimmed−10%	−0.35 pp	14 q
CHTRCharter Comm Inc Del CL A New	2.94%	6,251,046	$1.8B	added+21%	−0.52 pp	32 q
COPConocoPhillips	2.79%	13,552,507	$1.7B	added+7%	+0.26 pp	13 q
AIGAmerican International Group, Inc.	2.74%	21,695,319	$1.7B	trimmed−5%	+0.08 pp	44 q
SCHWThe Charles Schwab Corporation	2.66%	22,773,650	$1.6B	added+19%	+0.40 pp	23 q
GMGeneral Motors Company	2.60%	35,495,951	$1.6B	trimmed−1%	+0.39 pp	44 q
CBRECbre Group, Inc.	2.38%	15,159,666	$1.5B	trimmed−5%	−0.19 pp	41 q
KRThe Kroger Co.	2.25%	24,367,263	$1.4B	added+9%	+0.49 pp	5 q
CNCCentene Corporation	2.16%	16,992,482	$1.3B	added+56%	+0.77 pp	3 q
DEDeere & Company	2.14%	3,216,792	$1.3B	new	+2.14 pp	new
WFCWells Fargo & Co.	2.13%	22,697,396	$1.3B	trimmed−2%	+0.16 pp	44 q
PSXPhillips 66	1.99%	7,533,473	$1.2B	added+9%	+0.41 pp	3 q
WTWWillis Towers Watson Public Limited Company	1.77%	3,980,434	$1.1B	trimmed−2%	+0.07 pp	13 q
KKRKKR & Co. Inc.	1.74%	10,676,301	$1.1B	trimmed−49%	−1.22 pp	14 q
EOGEOG Resources, Inc.	1.68%	8,140,154	$1.0B	added+12%	+0.16 pp	20 q
CRMSalesforce, Inc.	1.52%	3,110,708	$937M	trimmed−21%	−0.26 pp	13 q
AXPAmerican Express Company	1.47%	3,984,143	$907M	trimmed−20%	−0.15 pp	17 q
WBDWarner Bros. Discovery, Inc. Series A	1.47%	104,000,212	$908M	added+31%	−0.09 pp	7 q
AMZNAmazon.Com Inc	1.45%	4,984,420	$899M	trimmed−37%	−0.62 pp	10 q
CMCSAComcast Corp	1.45%	20,621,125	$894M	added+9%	+0.02 pp	44 q
CCitigroup Inc.	1.44%	14,071,565	$890M	added+33%	+0.50 pp	41 q
ALLYAlly Financial Inc.	1.38%	21,078,276	$856M	trimmed−10%	−0.03 pp	34 q
FCNCAFirst Citizens BancShares Inc	1.36%	514,632	$841M	added+3%	+0.14 pp	13 q
CTVACorteva, Inc.	1.19%	12,725,183	$734M	added+41%	+0.45 pp	3 q
PAYCPaycom Software, Inc.	1.09%	3,393,155	$675M	added×3.6	+0.75 pp	2 q
APAAPA Corporation	1.08%	19,335,699	$665M	added+23%	+0.11 pp	13 q
LADLithia Motors, Inc.	1.00%	2,060,973	$620M	added+2%	−0.15 pp	9 q
0VQJLTe Connectivity Ltd	1.00%	4,252,116	$618M	trimmed−9%	−0.13 pp	44 q
BLQADBlackrock Inc	0.99%	731,322	$610M	trimmed−8%	−0.12 pp	44 q
ORCLOracle Corp	0.99%	4,871,823	$612M	trimmed−13%	−0.02 pp	44 q
MASMasco Corporation	0.98%	7,703,566	$608M	trimmed−21%	−0.15 pp	8 q
IPGThe Interpublic Group of Companies, Inc.	0.87%	16,499,712	$538M	trimmed−4%	−0.10 pp	40 q
RYAAYRyanair Holdings plc	0.87%	3,707,100	$540M	trimmed−28%	−0.32 pp	25 q
BNYBank of New York Mellon Corporation	0.86%	9,253,673	$533M	added+5%	+0.07 pp	44 q
CSCOCisco Systems, Inc. (DE)	0.84%	10,417,572	$520M	trimmed−5%	−0.11 pp	3 q
STTState Street Corporation	0.84%	6,744,042	$521M	added+5%	−0.02 pp	44 q
MOAltria Group, Inc.	0.77%	10,937,341	$477M	added+8%	+0.07 pp	13 q
GSGoldman Sachs Group Inc.	0.75%	1,102,856	$461M	trimmed−6%	−0.03 pp	44 q
RGAReinsurance Group of America, Incorporated	0.73%	2,353,282	$454M	added+18%	+0.17 pp	17 q
DHRDanaher Corporation	0.70%	1,729,637	$432M	trimmed−42%	−0.48 pp	4 q
BAXBaxter International Inc.	0.69%	9,972,284	$426M	added+8%	+0.07 pp	33 q
CRBGCorebridge Financial, Inc.	0.67%	14,520,676	$417M	trimmed−10%	+0.07 pp	5 q
TFCTruist Financial Corporation	0.66%	10,444,111	$407M	added+1%	0.00 pp	5 q
OTEXOpen Text Corp	0.63%	10,085,517	$392M	trimmed−9%	−0.18 pp	19 q
KVUEKenvue Inc.	0.61%	17,654,856	$379M	new	+0.61 pp	new
BWABorgWarner Inc.	0.60%	10,601,892	$368M	trimmed−3%	−0.08 pp	44 q
FBINFortune Brands Innovations, Inc.	0.60%	4,387,043	$371M	trimmed−10%	−0.04 pp	7 q
MGAMagna International	0.57%	6,459,452	$352M	added+8%	−0.04 pp	6 q
CVSCvs Health Corporation	0.56%	4,325,860	$345M	added+4%	−0.01 pp	44 q
AAgilent Technologies Inc.	0.51%	2,180,328	$317M	trimmed−7%	−0.05 pp	2 q
DALDelta Air Lines, Inc.	0.51%	6,536,230	$313M	new	+0.51 pp	new
CECelanese Corporation	0.50%	1,814,419	$312M	trimmed−5%	−0.01 pp	4 q
MCOMoody's Corporation	0.49%	765,980	$301M	trimmed−6%	−0.06 pp	29 q
THOThor Industries, Inc.	0.49%	2,573,754	$302M	trimmed−4%	−0.06 pp	24 q
GPNGlobal Payments, Inc.	0.48%	2,224,464	$297M	trimmed−17%	−0.10 pp	10 q
DISThe Walt Disney Company	0.46%	2,315,243	$283M	trimmed−2%	+0.09 pp	16 q
LBRDKLiberty Broadband Corporation Class C	0.45%	4,901,503	$281M	trimmed−20%	−0.41 pp	34 q
GOOGAlphabet Inc. Class C	0.43%	1,764,469	$269M	trimmed−3%	−0.01 pp	40 q
EBAYeBay Inc	0.40%	4,644,831	$245M	added+1%	+0.06 pp	22 q
VVISA Inc.	0.40%	891,954	$249M	trimmed−4%	−0.02 pp	44 q
LBTYALiberty Global Ltd. Class A	0.38%	13,707,493	$232M	trimmed−11%	−0.09 pp	27 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.34%	9,759,458	$209M	trimmed−10%	−0.11 pp	17 q
SEESealed Air Corp New	0.33%	5,523,513	$205M	added+12%	+0.02 pp	16 q
HCAHCA Healthcare, Inc.	0.30%	548,266	$183M	trimmed−75%	−0.73 pp	33 q
WENThe Wendy's Company	0.26%	8,643,075	$163M	added+75%	+0.09 pp	10 q
HLTHilton Worldwide Holdings Inc.	0.25%	721,397	$154M	trimmed−68%	−0.45 pp	25 q
MTNVail Resorts, Inc.	0.25%	695,733	$155M	added×38.3	+0.24 pp	5 q
BCBrunswick Corporation	0.23%	1,483,236	$143M	trimmed−1%	−0.02 pp	3 q
HHHHoward Hughes Holdings Inc.	0.22%	1,895,126	$138M	trimmed−7%	−0.08 pp	3 q
CRICarter's Inc.	0.18%	1,318,442	$112M	trimmed−25%	−0.05 pp	44 q
EFXEquifax, Incorporated	0.16%	373,378	$100M	trimmed−65%	−0.30 pp	24 q
LEALear Corporation	0.16%	694,326	$101M	trimmed−15%	−0.04 pp	44 q
WMGWarner Music Group Corp. Class A	0.15%	2,825,110	$93M	trimmed−5%	−0.03 pp	11 q
OPLNOPENLANE, Inc	0.11%	3,856,561	$67M	trimmed−7%	0.00 pp	11 q
MAMastercard Incorporated	0.11%	141,565	$68M	trimmed−2%	0.00 pp	44 q
ACVAACV Auctions Inc.	0.07%	2,264,076	$42M	added+2%	+0.01 pp	10 q
ABMABM Industries, Inc.	0.07%	1,009,720	$45M	added+6%	0.00 pp	8 q
ALSNAllison Transmission Holdings, Inc.	0.06%	428,974	$35M	trimmed−7%	+0.01 pp	13 q
CSLCarlisle Companies, Inc.	0.06%	89,893	$35M	trimmed−77%	−0.15 pp	25 q
METAMeta Platforms, Inc. Class A	0.06%	73,769	$36M	trimmed−92%	−0.48 pp	25 q
91990EURCushman & Wakefield UK Holdc	0.05%	3,078,999	$32M	added+10%	0.00 pp	12 q
AAPLApple Inc.	0.04%	129,769	$22M	trimmed−6%	−0.01 pp	44 q
ALVAutoliv, Inc.	0.04%	224,055	$27M	trimmed−21%	−0.01 pp	21 q
CIGIColliers International Group Inc. Subordinate Voting Shares	0.04%	207,340	$25M	trimmed−2%	−0.01 pp	5 q
GRFSGrifois, S.A.	0.04%	3,857,700	$26M	added+40%	−0.01 pp	9 q
BRK.BBERKSHIRE HATHAWAY Class B	0.03%	46,038	$19M	trimmed−38%	−0.02 pp	18 q
GILGildan Activewear Inc.	0.03%	582,000	$22M	trimmed−17%	−0.01 pp	18 q
PHINPHINIA Inc.	0.03%	508,279	$20M	trimmed−75%	−0.07 pp	3 q
JCIJohnson Controls International plc	0.03%	253,322	$17M	trimmed−27%	0.00 pp	26 q
SPNNSapiens International Corp	0.03%	556,600	$18M	added+24%	+0.01 pp	4 q
MANManpowerGroup	0.02%	186,246	$14M	trimmed−13%	−0.01 pp	21 q
CCKCrown Holdings Inc.	0.01%	116,940	$9M	added+12%	−0.01 pp	5 q
DOVDover Corporation	0.01%	20,647	$4M	trimmed−17%	0.00 pp	44 q
NFLXNetFlix Inc	0.01%	6,002	$4M	trimmed−91%	−0.05 pp	27 q
TXNTexas Instruments Incorporated	0.01%	52,586	$9M	trimmed−22%	−0.01 pp	44 q
WDAYWorkday, Inc. Class A	0.01%	29,434	$8M	trimmed−90%	−0.13 pp	18 q
FERGFerguson Enterprises Inc.	0.01%	42,040	$9M	trimmed−30%	−0.01 pp	3 q
ABBVAbbvie Inc.	0.00%	1,400	$254,940	trimmed−50%	0.00 pp	4 q
ADPAutomatic Data Processing	0.00%	3,619	$903,809	trimmed−65%	0.00 pp	44 q
BKNGBooking Holdings Inc.	0.00%	737	$3M	trimmed−78%	−0.02 pp	25 q
CATCaterpillar Inc.	0.00%	1,800	$659,574	held	—	42 q
CVXChevron Corporation	0.00%	1,782	$281,093	trimmed−68%	0.00 pp	6 q
CFGCitizens Financial Group, Inc.	0.00%	30,870	$1M	held	—	4 q
DEODiageo plc	0.00%	13,226	$2M	trimmed−29%	0.00 pp	44 q
FANGDiamondback Energy, Inc.	0.00%	1,220	$241,767	new	0.00 pp	new
ETSYEtsy, Inc.	0.00%	18,680	$1M	new	0.00 pp	new
FITBFifth Third Bancorp	0.00%	21,565	$802,434	held	—	4 q
FLSFlowserve Corporation	0.00%	13,400	$612,112	trimmed−56%	0.00 pp	16 q
GLPIGaming and Leisure Properties, Inc.	0.00%	9,496	$437,481	trimmed−54%	0.00 pp	42 q
ITGartner, Inc.	0.00%	2,306	$1M	trimmed−15%	0.00 pp	24 q
GDGeneral Dynamics Corporation	0.00%	725	$204,805	new	0.00 pp	new
HRIHerc Holdings Inc.	0.00%	7,965	$1M	trimmed−25%	0.00 pp	32 q
HWMHowmet Aerospace Inc.	0.00%	7,500	$513,225	held	—	29 q
JPMJPMorgan Chase & Co.	0.00%	4,920	$985,476	trimmed−5%	0.00 pp	44 q
LBRDALiberty Broadband Corporation Class A	0.00%	25,135	$1M	trimmed−38%	−0.01 pp	18 q
LYGLloyds Banking Group PLC	0.00%	47,090	$121,963	new	0.00 pp	new
MBCMasterBrand, Inc.	0.00%	52,882	$991,009	trimmed−76%	−0.01 pp	6 q
MSFTMicrosoft Corp	0.00%	2,105	$885,616	held	—	44 q
PHParker-Hannifin Corporation	0.00%	3,384	$2M	trimmed−92%	−0.03 pp	9 q
PMPhilip Morris International Inc.	0.00%	6,015	$551,094	trimmed−12%	0.00 pp	44 q
PINSPinterest, Inc. Class A	0.00%	22,196	$769,535	trimmed−78%	−0.01 pp	18 q
REYNReynolds Consumer Products Inc.	0.00%	13,000	$371,280	held	—	12 q
SPGIS&P Global Inc.	0.00%	1,046	$445,021	trimmed−67%	0.00 pp	21 q
SPYState Street SPDR S&P 500 ETF Trust	0.00%	1,157	$605,192	trimmed−94%	−0.02 pp	8 q
THCTenet Healthcare Corporation New	0.00%	3,900	$409,929	held	—	44 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.00%	1,280	$633,216	trimmed−4%	0.00 pp	44 q
CPRICapri Holdings Limited	0.00%	6,500	$294,450	held	—	4 q
BRK.ABerkshire Hathaway Inc.	—	−1	—	exited	0.00 pp	—
CHXChampionX Corporation	—	−20,700	—	exited	0.00 pp	—
CMICummins Inc.	—	−3,797	—	exited	0.00 pp	—
EFAiShares MSCI EAFE ETF	—	−669	—	exited	0.00 pp	—
IBDQiShares iBonds Dec 2025 Term Corporate ETF	—	−20,114	—	exited	0.00 pp	—
IBDPiShares iBonds Dec 2024 Term Corporate ETF	—	−10,208	—	exited	0.00 pp	—
IBDRiShares iBonds Dec 2026 Term Corporate ETF	—	−31,655	—	exited	0.00 pp	—
IBDSiShares iBonds Dec 2027 Term Corporate ETF	—	−15,825	—	exited	0.00 pp	—
NDAQNasdaq, Inc.	—	−20,915	—	exited	0.00 pp	—
TMUST-Mobile US, Inc.	—	−3,200	—	exited	0.00 pp	—
VWOVanguard FTSE Emerging Markets ETF	—	−4,788	—	exited	0.00 pp	—
VPLVanguard FTSE Pacific ETF	—	−3,589	—	exited	0.00 pp	—
VGKVanguard FTSE Europe ETF	—	−4,128	—	exited	0.00 pp	—
VOVanguard Morningstar Mid-Cap ETF	—	−1,079	—	exited	0.00 pp	—
VUGVanguard Morningstar Growth ETF	—	−1,068	—	exited	0.00 pp	—
VTVVanguard Morningstar Value ETF	—	−2,945	—	exited	0.00 pp	—
VBVanguard Morningstar Small-Cap ETF	—	−1,174	—	exited	0.00 pp	—