Harris Associates (Oakmark)

Q1 2026 13F · by Bill Nygren, CIO

As of: Mar 31, 2026
Filed: May 15, 2026
US stock: $74.9B · prev $78.8B
Positions: 156 · prev 167
Options notional: $153M
Documents: 1· no amendments

Picture99.8% US stock

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

US stock listed on a US exchange 99.8%
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 0.2%

Moves171 since the prior filing

+9.0 pp in · −9.0 pp out

New 15 +6.18 pp
Added 41 +2.79 pp
Trimmed 87 −7.75 pp
Exited 26 −1.21 pp

Options: 2 moves on a notional base, in the table below.

The book

Diversified · behaves like 55 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

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

Low
Moderate
High

Top 5 positions17% of US stock

Positions156 in this filing · 26 exited


CRMSalesforce, Inc.	3.72%	14,917,993	$2.8B	added+52%	+0.43 pp	21 q
ICEIntercontinental Exchange Inc.	3.43%	16,342,258	$2.6B	added+5%	+0.23 pp	20 q
KDPKeurig Dr Pepper Inc.	3.27%	93,082,313	$2.5B	added+8%	+0.20 pp	8 q
ABNBAirbnb, Inc. Class A	3.23%	19,162,235	$2.4B	added+3%	+0.01 pp	6 q
GOOGLAlphabet Inc. Class A	3.22%	8,393,944	$2.4B	trimmed−6%	−0.32 pp	42 q
COPConocoPhillips	3.07%	17,428,651	$2.3B	trimmed−27%	+0.22 pp	21 q
TRGPTarga Resources Corp.	2.92%	8,723,203	$2.2B	trimmed−10%	+0.64 pp	5 q
IQVIQVIA Holdings Inc.	2.77%	12,183,275	$2.1B	added+8%	−0.47 pp	12 q
SCHWThe Charles Schwab Corporation	2.74%	21,812,476	$2.0B	trimmed−1%	−0.05 pp	31 q
COFCapital One Financial	2.52%	10,357,647	$1.9B	trimmed−4%	−0.81 pp	52 q
FCNCAFirst Citizens BancShares Inc	2.39%	948,101	$1.8B	added+2%	−0.14 pp	21 q
WTWWillis Towers Watson Public Limited Company	2.34%	6,017,682	$1.7B	added+7%	0.00 pp	21 q
PSXPhillips 66	2.22%	9,134,428	$1.7B	trimmed−35%	−0.07 pp	11 q
AIGAmerican International Group, Inc.	2.07%	20,596,978	$1.5B	trimmed−7%	−0.33 pp	52 q
MRKMerck & Co., Inc.	1.99%	12,366,933	$1.5B	trimmed−12%	+0.11 pp	7 q
ELVElevance Health, Inc.	1.88%	4,796,526	$1.4B	added0%	−0.25 pp	6 q
CTVACorteva, Inc.	1.86%	16,656,133	$1.4B	trimmed−2%	+0.41 pp	11 q
EFXEquifax, Incorporated	1.81%	7,529,116	$1.4B	trimmed−0%	−0.27 pp	32 q
DALDelta Air Lines, Inc.	1.60%	18,002,954	$1.2B	trimmed−8%	−0.13 pp	9 q
ZBHZimmer Biomet Holdings, Inc.	1.56%	12,959,939	$1.2B	added+6%	+0.16 pp	4 q
GEHCGE HealthCare Technologies Inc.	1.48%	15,594,988	$1.1B	trimmed−2%	−0.17 pp	8 q
FISVFiserv, Inc.	1.47%	19,737,630	$1.1B	added+27%	+0.14 pp	22 q
CCitigroup Inc.	1.40%	9,270,652	$1.1B	trimmed−8%	−0.09 pp	49 q
ALLYAlly Financial Inc.	1.38%	26,410,285	$1.0B	trimmed−2%	−0.17 pp	42 q
GMGeneral Motors Company	1.34%	13,457,709	$1.0B	trimmed−23%	−0.46 pp	52 q
AMZNAmazon.Com Inc	1.32%	4,760,706	$992M	added+7%	+0.01 pp	18 q
RGAReinsurance Group of America, Incorporated	1.32%	4,850,478	$990M	added+14%	+0.22 pp	25 q
NFLXNetFlix Inc	1.27%	9,859,773	$948M	added×303.0	+1.27 pp	35 q
BACBank of America Corporation	1.23%	18,907,859	$922M	trimmed−5%	−0.16 pp	52 q
UNPUnion Pacific Corp.	1.23%	3,782,438	$918M	added+3%	+0.16 pp	3 q
WBDWarner Bros. Discovery, Inc. Series A	1.21%	32,874,039	$903M	trimmed−58%	−1.67 pp	15 q
MRSHMarsh	1.20%	5,169,119	$897M	new	+1.20 pp	new
WFCWells Fargo & Co.	1.17%	10,983,221	$874M	trimmed−15%	−0.36 pp	52 q
CBRECbre Group, Inc.	1.16%	6,422,190	$870M	trimmed−7%	−0.25 pp	49 q
CHTRCharter Comm Inc Del CL A New	1.15%	3,989,043	$861M	trimmed−8%	0.00 pp	40 q
AERAercap Holdings N.V.	1.08%	5,901,622	$810M	added+1%	+0.01 pp	2 q
CGThe Carlyle Group Inc.	1.07%	16,583,907	$802M	added+9%	−0.07 pp	6 q
GPNGlobal Payments, Inc.	1.07%	11,855,322	$798M	added+4%	−0.04 pp	18 q
SYYSysco Corporation	1.05%	11,009,012	$785M	added+39%	+0.31 pp	6 q
NKENike, Inc.	1.04%	14,776,259	$780M	trimmed−1%	−0.17 pp	4 q
STTState Street Corporation	1.04%	6,147,935	$778M	trimmed−3%	+0.01 pp	52 q
CMCSAComcast Corp	1.01%	26,448,063	$759M	trimmed−4%	−0.03 pp	52 q
SUNBSunbelt Rentals Holdings, Inc.	1.01%	11,653,333	$759M	new	+1.01 pp	new
MPCMarathon Petroleum Corporation	0.92%	2,805,972	$685M	trimmed−30%	+0.09 pp	5 q
NDAQNasdaq, Inc.	0.91%	8,010,183	$680M	trimmed−7%	−0.15 pp	8 q
CDWCDW Corporation	0.87%	5,383,062	$651M	added+19%	+0.09 pp	4 q
AMRZAmrize Ltd	0.85%	11,344,767	$636M	trimmed−0%	+0.07 pp	2 q
CNHCnh Industrial N.v.	0.85%	58,127,119	$639M	trimmed−21%	−0.01 pp	22 q
ROPRoper Technologies, Inc.	0.82%	1,729,546	$612M	new	+0.82 pp	new
CRBGCorebridge Financial, Inc.	0.80%	24,964,260	$596M	added+2%	−0.13 pp	13 q
EOGEOG Resources, Inc.	0.80%	4,131,238	$597M	trimmed−44%	−0.18 pp	28 q
TELTE Connectivity plc	0.79%	2,816,194	$589M	trimmed−13%	−0.14 pp	7 q
ACNAccenture PLC	0.77%	2,891,902	$573M	new	+0.77 pp	new
ADBEAdobe Inc.	0.74%	2,293,821	$558M	new	+0.74 pp	new
MASMasco Corporation	0.69%	8,596,734	$519M	trimmed−25%	−0.24 pp	16 q
ITGartner, Inc.	0.66%	3,135,774	$497M	added×3.3	+0.35 pp	2 q
RJFRaymond James Financial, Inc.	0.66%	3,425,321	$496M	new	+0.66 pp	new
STZConstellation Brands, Inc.	0.65%	3,233,267	$485M	trimmed−0%	+0.08 pp	5 q
LADLithia Motors, Inc.	0.65%	1,956,637	$489M	trimmed−1%	−0.18 pp	17 q
ICLRIcon Plc	0.64%	4,351,317	$482M	added+73%	+0.06 pp	4 q
CNCCentene Corporation	0.62%	14,094,531	$461M	added+56%	+0.15 pp	11 q
GPCGenuine Parts Company	0.56%	3,933,996	$416M	trimmed−10%	−0.12 pp	7 q
PAYCPaycom Software, Inc.	0.53%	3,257,774	$396M	added+2%	−0.12 pp	10 q
CRLCharles River Laboratories International, Inc.	0.50%	2,153,296	$371M	added+28%	+0.08 pp	4 q
BDXBecton, Dickinson and Co.	0.47%	2,222,039	$349M	trimmed−22%	−0.23 pp	6 q
MDLZMondelez International, Inc. Class A	0.43%	5,631,456	$325M	added+22%	+0.11 pp	5 q
SYFSynchrony Financial	0.42%	4,659,001	$317M	new	+0.42 pp	new
DEDeere & Company	0.39%	518,490	$292M	trimmed−83%	−1.46 pp	9 q
FBINFortune Brands Innovations, Inc.	0.38%	7,379,014	$288M	trimmed−3%	−0.10 pp	15 q
GOOGAlphabet Inc. Class C	0.34%	887,164	$254M	trimmed−8%	−0.04 pp	48 q
FMXFomento Economico Mexicano, S.a.b. De C.v.	0.33%	2,243,620	$249M	trimmed−17%	−0.02 pp	3 q
VVISA Inc.	0.29%	717,260	$217M	trimmed−2%	−0.04 pp	52 q
LBRDKLiberty Broadband Corporation Class C	0.27%	4,028,727	$203M	trimmed−3%	+0.01 pp	42 q
CPNGCoupang, Inc.	0.25%	9,981,854	$188M	new	+0.25 pp	new
BCBrunswick Corporation	0.22%	2,233,281	$162M	trimmed−8%	−0.01 pp	11 q
HLNHaleon plc	0.20%	15,032,041	$150M	new	+0.20 pp	new
MOHMolina Healthcare, Inc.	0.17%	978,147	$130M	trimmed−58%	−0.35 pp	5 q
ABMABM Industries, Inc.	0.15%	2,882,144	$111M	added+6%	0.00 pp	16 q
ORCLOracle Corp	0.15%	740,525	$109M	trimmed−3%	−0.04 pp	52 q
FLUTFlutter Entertainment plc	0.15%	1,131,464	$115M	added+11%	−0.13 pp	5 q
OCOwens Corning	0.13%	915,393	$99M	added×3.3	+0.09 pp	4 q
MTNVail Resorts, Inc.	0.13%	745,558	$96M	added+4%	+0.01 pp	13 q
NVSTEnvista Holdings Corporation, $0.01 par value per share	0.11%	3,261,896	$83M	trimmed−30%	−0.02 pp	25 q
WATWaters Corp	0.11%	288,712	$86M	new	+0.11 pp	new
HCAHCA Healthcare, Inc.	0.10%	158,143	$75M	trimmed−13%	−0.01 pp	41 q
THOThor Industries, Inc.	0.10%	962,577	$77M	trimmed−9%	−0.04 pp	32 q
ALSNAllison Transmission Holdings, Inc.	0.08%	532,007	$62M	trimmed−22%	0.00 pp	21 q
AXPAmerican Express Company	0.08%	203,706	$62M	trimmed−7%	−0.02 pp	25 q
MAMastercard Incorporated	0.08%	118,615	$59M	trimmed−0%	−0.01 pp	52 q
BLKBlackrock, Inc.	0.07%	54,555	$52M	added0%	0.00 pp	6 q
RYAAYRyanair Holdings plc	0.07%	846,178	$49M	trimmed−62%	−0.13 pp	33 q
SEESealed Air Corp New	0.07%	1,278,223	$54M	trimmed−66%	−0.13 pp	24 q
WENThe Wendy's Company	0.06%	5,929,801	$41M	trimmed−41%	−0.05 pp	18 q
CVSCvs Health Corporation	0.05%	494,126	$35M	trimmed−6%	0.00 pp	52 q
KKRKKR & Co. Inc.	0.05%	369,815	$34M	trimmed−0%	−0.01 pp	22 q
WMGWarner Music Group Corp. Class A	0.05%	1,610,925	$41M	trimmed−3%	−0.01 pp	19 q
AAPLApple Inc.	0.04%	131,541	$33M	trimmed−1%	−0.01 pp	52 q
CIGIColliers International Group Inc. Subordinate Voting Shares	0.04%	313,300	$34M	added×4.3	+0.03 pp	13 q
HLTHilton Worldwide Holdings Inc.	0.04%	95,646	$29M	trimmed−16%	0.00 pp	33 q
ZGNErmenegildo Zegna N.V.	0.04%	2,911,800	$30M	trimmed−9%	0.00 pp	3 q
ALVAutoliv, Inc.	0.03%	233,075	$25M	trimmed−9%	−0.01 pp	29 q
CCKCrown Holdings Inc.	0.03%	191,605	$19M	trimmed−1%	0.00 pp	13 q
GSGoldman Sachs Group Inc.	0.03%	28,643	$24M	trimmed−13%	−0.01 pp	52 q
CWKCushman & Wakefield Ltd.	0.03%	1,884,057	$23M	trimmed−5%	−0.01 pp	2 q
BRK.BBERKSHIRE HATHAWAY Class B	0.02%	25,439	$12M	trimmed−2%	0.00 pp	26 q
BWABorgWarner Inc.	0.02%	222,073	$12M	trimmed−84%	−0.06 pp	52 q
GRFSGrifois, S.A.	0.02%	1,821,667	$15M	trimmed−32%	−0.01 pp	17 q
OPLNOPENLANE, Inc	0.02%	571,157	$17M	trimmed−58%	−0.03 pp	19 q
BNYBank of New York Mellon Corporation	0.01%	42,984	$5M	trimmed−36%	0.00 pp	52 q
KBKB Financial Group Inc	0.01%	83,474	$8M	added×26.8	+0.01 pp	4 q
SPYState Street SPDR S&P 500 ETF Trust	0.01%	7,712	$5M	added+53%	+0.01 pp	16 q
TXNTexas Instruments Incorporated	0.01%	47,510	$9M	trimmed−2%	0.00 pp	52 q
ABBVAbbvie Inc.	0.00%	2,682	$583,308	held	—	4 q
BABAAlibaba Group Holding Limited	0.00%	13,441	$2M	added+40%	0.00 pp	6 q
AMATApplied Materials Inc	0.00%	2,200	$751,938	held	—	4 q
BXBlackstone Inc.	0.00%	3,750	$431,213	held	—	2 q
AVGOBroadcom Inc.	0.00%	1,813	$561,142	added+6%	0.00 pp	4 q
CSLCarlisle Companies, Inc.	0.00%	5,037	$2M	trimmed−8%	0.00 pp	33 q
CATCaterpillar Inc.	0.00%	1,840	$1M	trimmed−24%	0.00 pp	50 q
CVXChevron Corporation	0.00%	1,350	$279,315	held	—	14 q
COSTCostco Wholesale Corp	0.00%	362	$360,708	trimmed−45%	0.00 pp	4 q
DHRDanaher Corporation	0.00%	1,838	$348,485	trimmed−19%	0.00 pp	12 q
DEODiageo plc	0.00%	3,295	$245,313	trimmed−6%	0.00 pp	52 q
DOVDover Corporation	0.00%	11,863	$2M	held	—	52 q
EQHEquitable Holdings, Inc.	0.00%	28,245	$1M	new	0.00 pp	new
XOMExxon Mobil Corp	0.00%	1,466	$248,722	trimmed−25%	0.00 pp	5 q
METAMeta Platforms, Inc. Class A	0.00%	4,461	$3M	added+4%	0.00 pp	33 q
HRIHerc Holdings Inc.	0.00%	4,495	$447,477	trimmed−37%	0.00 pp	40 q
IDXXIdexx Laboratories Inc	0.00%	482	$270,831	added+6%	0.00 pp	3 q
IWMiShares Russell 2000 ETF	0.00%	533	$132,184	held	—	5 q
ACWIiShares MSCI ACWI ETF	0.00%	1,092	$151,100	held	—	7 q
MBBiShares MBS ETF	0.00%	28	$2,659	new	0.00 pp	new
USIGiShares Broad USD Investment Grade Corporate Bond ETF	0.00%	50	$2,562	new	0.00 pp	new
SGOViShares 0-3 Month Treasury Bond ETF	0.00%	3,736	$376,066	added×9.3	0.00 pp	2 q
JPMJPMorgan Chase & Co.	0.00%	5,815	$2M	trimmed−2%	0.00 pp	52 q
LEALear Corporation	0.00%	11,925	$1M	trimmed−48%	0.00 pp	52 q
LBRDALiberty Broadband Corporation Class A	0.00%	4,305	$216,197	held	—	26 q
LLYEli Lilly & Co.	0.00%	450	$413,897	added+9%	0.00 pp	4 q
MSFTMicrosoft Corp	0.00%	6,757	$3M	trimmed−1%	0.00 pp	52 q
MCOMoody's Corporation	0.00%	1,905	$831,056	trimmed−2%	0.00 pp	37 q
NVDANvidia Corp	0.00%	12,468	$2M	trimmed−5%	0.00 pp	7 q
NUVNuveen Municipal Value Fund, Inc.	0.00%	14,854	$133,540	held	—	2 q
OSKOshkosh Corp.	0.00%	1,575	$231,856	trimmed−4%	0.00 pp	3 q
PHParker-Hannifin Corporation	0.00%	295	$264,096	held	—	4 q
PEPPepsiCo, Inc.	0.00%	1,665	$258,558	trimmed−22%	0.00 pp	4 q
PMPhilip Morris International Inc.	0.00%	5,099	$843,069	held	—	52 q
PGProcter & Gamble Company	0.00%	1,494	$215,793	trimmed−21%	0.00 pp	4 q
SAPSap SE	0.00%	1,454	$248,939	new	0.00 pp	new
THCTenet Healthcare Corporation New	0.00%	2,400	$452,904	held	—	52 q
TFCTruist Financial Corporation	0.00%	22,630	$1M	trimmed−2%	0.00 pp	13 q
ULUnilever plc	0.00%	4,123	$234,887	new	0.00 pp	new
VOTVanguard Morningstar Mid-Cap Growth ETF	0.00%	700	$180,145	held	—	4 q
VTVVanguard Morningstar Value ETF	0.00%	2,572	$504,626	trimmed−87%	0.00 pp	8 q
WMTWalmart Inc.	0.00%	2,080	$258,502	trimmed−41%	0.00 pp	5 q
WDAYWorkday, Inc. Class A	0.00%	11,667	$2M	added×2.0	0.00 pp	26 q
JCIJohnson Controls International plc	0.00%	7,350	$962,483	trimmed−10%	0.00 pp	34 q
AZNNAstrazeneca Plc-spons ADR	—	−3,729,731	—	exited	−0.44 pp	—
APAAPA Corporation	—	−11,644,670	—	exited	−0.36 pp	—
BAXBaxter International Inc.	—	−8,445,832	—	exited	−0.20 pp	—
CECelanese Corporation	—	−3,401,656	—	exited	−0.18 pp	—
CSXCSX Corporation	—	−194,360	—	exited	−0.01 pp	—
MGAMagna International	—	−206,680	—	exited	−0.01 pp	—
OMCOmnicom Group Inc.	—	−61,340	—	exited	−0.01 pp	—
ABTAbbott Laboratories	—	−2,046	—	exited	0.00 pp	—
AMDAdvanced Micro Devices	—	−1,530	—	exited	0.00 pp	—
ADPAutomatic Data Processing	—	−805	—	exited	0.00 pp	—
DISThe Walt Disney Company	—	−1,810	—	exited	0.00 pp	—
HDBHDFC Bank Limited	—	−6,000	—	exited	0.00 pp	—
HHHHoward Hughes Holdings Inc.	—	−38,394	—	exited	0.00 pp	—
EUFNiShares MSCI Europe Financials ETF	—	−600	—	exited	0.00 pp	—
INDAiShares MSCI India ETF	—	−600	—	exited	0.00 pp	—
IIshares Core Msci Europe ETF	—	−46	—	exited	0.00 pp	—
KRThe Kroger Co.	—	−41,645	—	exited	0.00 pp	—
MBCMasterBrand, Inc.	—	−108,716	—	exited	0.00 pp	—
MCDMcDonald's Corporation	—	−1,273	—	exited	0.00 pp	—
PDXPIMCO Dynamic Income Strategy Fund	—	−10,000	—	exited	0.00 pp	—
PANWPalo Alto Networks, Inc.	—	−2,640	—	exited	0.00 pp	—
PUKPrudential PLC	—	−7,520	—	exited	0.00 pp	—
TMOThermo Fisher Scientific, Inc.	—	−541	—	exited	0.00 pp	—
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	—	−1,414	—	exited	0.00 pp	—
AONAon plc Class A	—	−699	—	exited	0.00 pp	—
APTVAptiv PLC	—	−38,815	—	exited	0.00 pp	—