Harris Associates (Oakmark)

Q4 2024 13F · by Bill Nygren, CIO

As of: Dec 31, 2024
Filed: Feb 14, 2025
US stock: $60.3B · prev $60.8B
Positions: 152 · prev 145
Options notional: $0
Documents: 1· no amendments

Picture79.4% US stock

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

US stock listed on a US exchange 79.4%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 20.6%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves152 since the prior filing

+8.4 pp in · −8.4 pp out

New 15 +4.33 pp
Added 36 +4.05 pp
Trimmed 93 −7.81 pp
Exited 8 −0.57 pp

The book

Diversified · behaves like 48 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 38% a year, about 2.6 years per position

Low
Moderate
High

Top 5 positions19% of US stock

Positions152 in this filing · 8 exited


GOOGLAlphabet Inc. Class A	5.17%	16,490,303	$3.1B	trimmed−6%	+0.37 pp	37 q
IQVIQVIA Holdings Inc.	3.69%	11,335,677	$2.2B	added+11%	−0.28 pp	7 q
COFCapital One Financial	3.51%	11,860,704	$2.1B	trimmed−18%	−0.05 pp	47 q
DEDeere & Company	3.42%	4,863,517	$2.1B	added0%	+0.09 pp	4 q
SCHWThe Charles Schwab Corporation	3.40%	27,689,365	$2.0B	trimmed−2%	+0.39 pp	26 q
ICEIntercontinental Exchange Inc.	3.31%	13,408,507	$2.0B	added+1%	−0.20 pp	15 q
FISVFiserv, Inc.	3.08%	9,053,132	$1.9B	trimmed−34%	−0.96 pp	17 q
AIGAmerican International Group, Inc.	2.80%	23,219,983	$1.7B	added+7%	+0.18 pp	47 q
GMGeneral Motors Company	2.67%	30,233,166	$1.6B	trimmed−7%	+0.28 pp	47 q
CNCCentene Corporation	2.55%	25,400,126	$1.5B	trimmed−3%	−0.71 pp	6 q
CHTRCharter Comm Inc Del CL A New	2.46%	4,335,792	$1.5B	trimmed−15%	−0.26 pp	35 q
COPConocoPhillips	2.39%	14,526,914	$1.4B	added+10%	+0.11 pp	16 q
CBRECbre Group, Inc.	2.35%	10,777,586	$1.4B	trimmed−24%	−0.54 pp	44 q
FCNCAFirst Citizens BancShares Inc	2.27%	648,775	$1.4B	trimmed−5%	+0.19 pp	16 q
PSXPhillips 66	2.21%	11,689,072	$1.3B	added+19%	+0.09 pp	6 q
BACBank of America Corporation	2.19%	30,131,545	$1.3B	trimmed−15%	−0.12 pp	47 q
CNHCnh Industrial N.v.	2.18%	116,101,645	$1.3B	trimmed−21%	−0.51 pp	17 q
KRThe Kroger Co.	1.98%	19,551,961	$1.2B	trimmed−14%	−0.15 pp	8 q
CCitigroup Inc.	1.94%	16,610,466	$1.2B	added+2%	+0.26 pp	44 q
WTWWillis Towers Watson Public Limited Company	1.83%	3,519,884	$1.1B	trimmed−2%	+0.10 pp	16 q
WFCWells Fargo & Co.	1.69%	14,490,892	$1.0B	trimmed−31%	−0.27 pp	47 q
WBDWarner Bros. Discovery, Inc. Series A	1.67%	95,518,508	$1.0B	added0%	+0.38 pp	10 q
EOGEOG Resources, Inc.	1.64%	8,070,914	$989M	added+15%	+0.22 pp	23 q
EFXEquifax, Incorporated	1.51%	3,582,785	$913M	added+97%	+0.63 pp	27 q
KDPKeurig Dr Pepper Inc.	1.51%	28,338,474	$910M	added×26.6	+1.44 pp	3 q
ALLYAlly Financial Inc.	1.38%	23,096,964	$832M	added+6%	+0.11 pp	37 q
CTVACorteva, Inc.	1.31%	13,928,630	$793M	trimmed−3%	−0.08 pp	6 q
CMCSAComcast Corp	1.27%	20,482,857	$769M	trimmed−4%	−0.20 pp	47 q
BNYBank of New York Mellon Corporation	1.21%	9,522,501	$732M	trimmed−1%	+0.08 pp	47 q
STTState Street Corporation	1.20%	7,387,652	$725M	trimmed−0%	+0.12 pp	47 q
PAYCPaycom Software, Inc.	1.19%	3,502,881	$718M	trimmed−14%	+0.08 pp	5 q
AMZNAmazon.Com Inc	1.17%	3,229,040	$708M	trimmed−12%	+0.04 pp	13 q
ABNBAirbnb, Inc. Class A	1.16%	5,346,823	$703M	new	+1.16 pp	new
LADLithia Motors, Inc.	1.16%	1,949,983	$697M	trimmed−4%	+0.09 pp	12 q
KVUEKenvue Inc.	1.12%	31,518,279	$673M	added0%	−0.08 pp	4 q
ELVElevance Health, Inc.	1.11%	1,821,284	$672M	new	+1.11 pp	new
NDAQNasdaq, Inc.	1.10%	8,591,486	$664M	trimmed−0%	+0.07 pp	3 q
TELTE Connectivity plc	1.05%	4,418,310	$632M	added+32%	+0.22 pp	2 q
CRBGCorebridge Financial, Inc.	1.04%	20,900,104	$626M	trimmed−1%	+0.03 pp	8 q
MRKMerck & Co., Inc.	1.03%	6,244,450	$621M	added×2.1	+0.48 pp	2 q
GPNGlobal Payments, Inc.	0.99%	5,351,860	$600M	added+6%	+0.14 pp	13 q
DALDelta Air Lines, Inc.	0.98%	9,820,652	$594M	trimmed−22%	−0.07 pp	4 q
APAAPA Corporation	0.97%	25,219,997	$582M	added+1%	−0.03 pp	16 q
LBRDKLiberty Broadband Corporation Class C	0.83%	6,684,522	$500M	trimmed−1%	−0.03 pp	37 q
MASMasco Corporation	0.77%	6,374,795	$463M	trimmed−4%	−0.14 pp	11 q
CRMSalesforce, Inc.	0.74%	1,331,486	$445M	trimmed−74%	−1.53 pp	16 q
FBINFortune Brands Innovations, Inc.	0.71%	6,292,703	$430M	added+4%	−0.18 pp	10 q
RGAReinsurance Group of America, Incorporated	0.71%	2,005,763	$428M	trimmed−3%	−0.03 pp	20 q
BWABorgWarner Inc.	0.62%	11,737,751	$373M	trimmed−1%	−0.09 pp	47 q
GEHCGE HealthCare Technologies Inc.	0.55%	4,247,304	$332M	added×2.3	+0.27 pp	3 q
SYYSysco Corporation	0.55%	4,347,279	$332M	new	+0.55 pp	new
GPCGenuine Parts Company	0.52%	2,671,208	$312M	added+15%	−0.01 pp	2 q
RYAAYRyanair Holdings plc	0.52%	7,230,765	$315M	trimmed−30%	−0.24 pp	28 q
GOOGAlphabet Inc. Class C	0.49%	1,541,549	$294M	trimmed−5%	+0.05 pp	43 q
MGAMagna International	0.49%	7,048,088	$295M	trimmed−0%	+0.01 pp	9 q
VVISA Inc.	0.46%	870,151	$275M	trimmed−2%	+0.06 pp	47 q
CVSCvs Health Corporation	0.42%	5,707,675	$256M	trimmed−1%	−0.18 pp	47 q
OTEXOpen Text Corp	0.42%	8,979,632	$254M	trimmed−30%	−0.28 pp	22 q
BAXBaxter International Inc.	0.41%	8,463,227	$247M	trimmed−13%	−0.20 pp	36 q
ORCLOracle Corp	0.41%	1,484,339	$247M	trimmed−12%	−0.07 pp	47 q
BLKBlackrock, Inc.	0.39%	227,631	$233M	new	+0.39 pp	new
APTVAptiv PLC	0.38%	3,836,741	$232M	new	+0.38 pp	new
BDXBecton, Dickinson and Co.	0.34%	893,355	$203M	new	+0.34 pp	new
SEESealed Air Corp New	0.33%	5,931,078	$201M	added+2%	−0.02 pp	19 q
BCBrunswick Corporation	0.30%	2,814,541	$182M	added+74%	+0.08 pp	6 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.30%	9,421,314	$182M	trimmed−10%	−0.04 pp	20 q
IPGThe Interpublic Group of Companies, Inc.	0.30%	6,499,902	$182M	trimmed−55%	−0.45 pp	43 q
MTNVail Resorts, Inc.	0.29%	923,138	$173M	added+51%	+0.11 pp	8 q
CGThe Carlyle Group Inc.	0.27%	3,186,743	$161M	new	+0.27 pp	new
CECelanese Corporation	0.25%	2,222,539	$154M	trimmed−1%	−0.25 pp	7 q
WENThe Wendy's Company	0.25%	9,249,305	$151M	added+2%	−0.01 pp	13 q
THOThor Industries, Inc.	0.24%	1,491,290	$143M	trimmed−38%	−0.20 pp	27 q
WMGWarner Music Group Corp. Class A	0.21%	4,046,002	$125M	trimmed−2%	0.00 pp	14 q
HHHHoward Hughes Holdings Inc.	0.20%	1,596,879	$123M	trimmed−18%	−0.05 pp	6 q
ABMABM Industries, Inc.	0.18%	2,126,861	$109M	added+2%	0.00 pp	11 q
KKRKKR & Co. Inc.	0.18%	715,717	$106M	trimmed−11%	+0.01 pp	17 q
ETSYEtsy, Inc.	0.16%	1,778,291	$94M	trimmed−9%	−0.02 pp	4 q
HCAHCA Healthcare, Inc.	0.16%	319,644	$96M	trimmed−2%	−0.06 pp	36 q
LBTYALiberty Global Ltd. Class A	0.15%	6,934,484	$88M	trimmed−19%	−0.15 pp	30 q
AXPAmerican Express Company	0.14%	289,809	$86M	trimmed−17%	−0.02 pp	20 q
OPLNOPENLANE, Inc	0.13%	3,855,328	$76M	trimmed−0%	+0.02 pp	14 q
GSGoldman Sachs Group Inc.	0.11%	114,866	$66M	trimmed−77%	−0.29 pp	47 q
HLTHilton Worldwide Holdings Inc.	0.11%	280,267	$69M	trimmed−4%	0.00 pp	28 q
LPLALPL Financial Holdings Inc.	0.11%	195,474	$64M	trimmed−8%	+0.03 pp	2 q
MAMastercard Incorporated	0.11%	131,627	$69M	trimmed−1%	0.00 pp	47 q
ACVAACV Auctions Inc.	0.08%	2,267,615	$49M	trimmed−0%	0.00 pp	13 q
ALSNAllison Transmission Holdings, Inc.	0.07%	389,767	$42M	trimmed−7%	0.00 pp	16 q
91990EURCushman & Wakefield UK Holdc	0.07%	3,005,538	$39M	trimmed−1%	0.00 pp	15 q
SPYState Street SPDR S&P 500 ETF Trust	0.06%	57,805	$34M	added×7.5	+0.05 pp	11 q
AAPLApple Inc.	0.05%	129,560	$32M	added+1%	0.00 pp	47 q
ALVAutoliv, Inc.	0.05%	351,425	$33M	trimmed−3%	−0.01 pp	24 q
GRFSGrifois, S.A.	0.05%	3,723,900	$28M	trimmed−3%	−0.01 pp	12 q
BECNBeacon Roofing Supply, Inc.	0.04%	211,895	$22M	new	+0.04 pp	new
CRICarter's Inc.	0.04%	390,471	$21M	trimmed−51%	−0.05 pp	47 q
LEALear Corporation	0.04%	276,100	$26M	trimmed−23%	−0.02 pp	47 q
SNRENSunrise Communicat-cl A	0.04%	504,644	$22M	new	+0.04 pp	new
BABAAlibaba Group Holding Limited	0.03%	188,986	$16M	new	+0.03 pp	new
CCKCrown Holdings Inc.	0.03%	191,574	$16M	trimmed−0%	0.00 pp	8 q
METAMeta Platforms, Inc. Class A	0.03%	31,033	$18M	added0%	0.00 pp	28 q
TFCTruist Financial Corporation	0.03%	415,119	$18M	trimmed−92%	−0.35 pp	8 q
BRK.BBERKSHIRE HATHAWAY Class B	0.02%	32,586	$15M	trimmed−17%	−0.01 pp	21 q
CIGIColliers International Group Inc. Subordinate Voting Shares	0.02%	92,640	$13M	trimmed−48%	−0.02 pp	8 q
DISThe Walt Disney Company	0.02%	122,232	$14M	trimmed−91%	−0.19 pp	19 q
IWDiShares Russell 1000 Value ETF	0.02%	59,610	$11M	new	+0.02 pp	new
TXNTexas Instruments Incorporated	0.02%	49,288	$9M	held	—	47 q
SPNNSapiens International Corp	0.02%	374,500	$10M	trimmed−9%	−0.01 pp	7 q
SWSmurfit Westrock plc	0.02%	273,845	$15M	trimmed−90%	−0.21 pp	2 q
CSLCarlisle Companies, Inc.	0.01%	16,073	$6M	trimmed−16%	0.00 pp	28 q
DHRDanaher Corporation	0.01%	17,673	$4M	trimmed−7%	0.00 pp	7 q
LWLamb Weston Holdings, Inc.	0.01%	93,750	$6M	trimmed−93%	−0.13 pp	2 q
MANManpowerGroup	0.01%	101,107	$6M	trimmed−28%	−0.01 pp	24 q
MCOMoody's Corporation	0.01%	8,321	$4M	trimmed−67%	−0.01 pp	32 q
NFLXNetFlix Inc	0.01%	3,798	$3M	trimmed−4%	+0.01 pp	30 q
SEGSeaport Entertainment Group Inc.	0.01%	197,290	$6M	trimmed−8%	0.00 pp	2 q
WDAYWorkday, Inc. Class A	0.01%	25,497	$7M	trimmed−6%	0.00 pp	21 q
JCIJohnson Controls International plc	0.01%	49,001	$4M	trimmed−8%	0.00 pp	29 q
MOAltria Group, Inc.	0.00%	6,550	$342,500	trimmed−100%	−0.33 pp	16 q
ADPAutomatic Data Processing	0.00%	1,355	$396,649	trimmed−41%	0.00 pp	47 q
BKNGBooking Holdings Inc.	0.00%	153	$760,168	trimmed−6%	0.00 pp	28 q
CATCaterpillar Inc.	0.00%	1,920	$696,499	added+7%	0.00 pp	45 q
CVXChevron Corporation	0.00%	2,188	$316,910	added+13%	0.00 pp	9 q
CFGCitizens Financial Group, Inc.	0.00%	16,022	$701,123	trimmed−6%	0.00 pp	7 q
DEODiageo plc	0.00%	10,931	$1M	added0%	0.00 pp	47 q
DOVDover Corporation	0.00%	13,745	$3M	trimmed−2%	0.00 pp	47 q
EBAYeBay Inc	0.00%	10,568	$654,688	trimmed−100%	−0.24 pp	25 q
VSTSVestis Corporation	0.00%	118,445	$2M	trimmed−3%	0.00 pp	3 q
FLSFlowserve Corporation	0.00%	11,200	$644,224	held	—	19 q
GDGeneral Dynamics Corporation	0.00%	1,325	$349,124	added+82%	0.00 pp	4 q
HRIHerc Holdings Inc.	0.00%	7,465	$1M	held	—	35 q
HDHome Depot, Inc.	0.00%	534	$207,721	new	0.00 pp	new
EEMiShares MSCI Emerging Markets ETF	0.00%	51	$2,133	held	—	2 q
EFAiShares MSCI EAFE ETF	0.00%	972	$73,493	held	—	2 q
IJRiShares Core S&P Small-Cap ETF	0.00%	70	$8,065	trimmed−94%	0.00 pp	2 q
ACWXiShares MSCI ACWI ex US ETF	0.00%	94	$4,903	held	—	2 q
ACWIiShares MSCI ACWI ETF	0.00%	2,300	$270,250	trimmed−33%	0.00 pp	2 q
IGFiShares Global Infrastructure ETF	0.00%	312	$16,308	held	—	2 q
EUFNiShares MSCI Europe Financials ETF	0.00%	600	$13,980	new	0.00 pp	new
INDAiShares MSCI India ETF	0.00%	600	$31,584	new	0.00 pp	new
JPMJPMorgan Chase & Co.	0.00%	4,839	$1M	trimmed−3%	0.00 pp	47 q
LBRDALiberty Broadband Corporation Class A	0.00%	18,835	$1M	trimmed−3%	0.00 pp	21 q
LYGLloyds Banking Group PLC	0.00%	51,690	$140,597	added+13%	0.00 pp	4 q
MBCMasterBrand, Inc.	0.00%	50,362	$735,789	trimmed−4%	0.00 pp	9 q
MCDMcDonald's Corporation	0.00%	960	$278,294	new	0.00 pp	new
MSFTMicrosoft Corp	0.00%	3,736	$2M	added+18%	0.00 pp	47 q
NVDANvidia Corp	0.00%	4,240	$569,390	added+6%	0.00 pp	2 q
PHParker-Hannifin Corporation	0.00%	814	$517,728	trimmed−21%	0.00 pp	12 q
PMPhilip Morris International Inc.	0.00%	4,710	$566,849	trimmed−0%	0.00 pp	47 q
SPGIS&P Global Inc.	0.00%	1,071	$533,390	trimmed−3%	0.00 pp	24 q
THCTenet Healthcare Corporation New	0.00%	3,400	$429,182	trimmed−13%	0.00 pp	47 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.00%	436	$220,555	trimmed−10%	0.00 pp	47 q
VTVVanguard Morningstar Value ETF	0.00%	14,731	$2M	added×4.5	0.00 pp	3 q
VTIVanguard Morningstar Total Stock Market ETF	0.00%	50	$14,491	held	—	2 q
AAgilent Technologies Inc.	—	−1,118,708	—	exited	−0.27 pp	—
9991429DAptiv Irish Holdings Ltd	—	−2,258,580	—	exited	−0.27 pp	—
GILGildan Activewear Inc.	—	−416,500	—	exited	−0.03 pp	—
FANGDiamondback Energy, Inc.	—	−1,220	—	exited	0.00 pp	—
ITGartner, Inc.	—	−465	—	exited	0.00 pp	—
DSIiShares ESG MSCI KLD 400 ETF	—	−118	—	exited	0.00 pp	—
ESGDiShares Trust iShares ESG Aware MSCI EAFE ETF	—	−108	—	exited	0.00 pp	—
unresolvedSeaport Entmt Group Inc	—	−229	—	exited	0.00 pp	—