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Harris Associates (Oakmark Funds)

Harris Associates LP, manager of the Oakmark family of funds.

Portfolio Value

$75.03B

Positions

156

Top 10 Weight

30.85%

Largest Position

3.71%

As of

Q1 2026

Filed

May 15, 2026

SALESFORCE INC3.71%INTERCONTINENTAL EXCHANGE IN3.43%KEURIG DR PEPPER INC3.27%AIRBNB INC3.23%ALPHABET INC3.22%hover the bar for the rest

Strategy Snapshot

  • Portfolio value fell 5.2% quarter-over-quarter to $75.03B.
  • Moderately diversified portfolio — the top 10 holdings make up 30.8% of assets.
  • This quarter: 15 new buys, 41 adds, 87 trims, 26 full exits — net seller.
  • Biggest new buy: MARSH & MCLENNAN COS INC (MRSH) ($896.58M).
  • Biggest exit: ASTRAZENECA PLC ($342.87M position closed).

Changes since Q4 2025

New Buys

  • MARSH & MCLENNAN COS INC (MRSH)$896.58M
  • SUNBELT RENTALS HOLDINGS INC (SUNB)$758.52M
  • ROPER TECHNOLOGIES INC (ROP)$612.02M
  • ACCENTURE PLC IRELAND$573.44M
  • ADOBE INC (ADBE)$557.58M
  • RAYMOND JAMES FINL INC (RJF)$495.95M
  • SYNCHRONY FINANCIAL (SYF)$316.91M
  • Coupang Inc (CPNG)$188.46M
  • HALEON PLC ADR (HLN)$150.47M
  • WATERS CORP (WAT)$85.98M

Added To / Trimmed

  • DEERE & CO (DE)-83.5%
  • WARNER BROS DISCOVERY INC (WBD)-58.3%
  • SALESFORCE INC (CRM)++52.4%
  • NETFLIX INC. (NFLX)++30200.5%
  • PHILLIPS 66 (PSX)-34.7%
  • CONOCOPHILLIPS (COP)-27.4%
  • EOG RES INC (EOG)-44.0%
  • GARTNER INC (IT)++225.3%
  • MARATHON PETE CORP (MPC)-30.4%
  • GENERAL MTRS CO (GM)-22.7%

Exited

  • ASTRAZENECA PLC$342.87M
  • APA CORPORATION (APA)$284.83M
  • BAXTER INTERNATIONAL INC$161.40M
  • CELANESE CORP DEL (CE)$143.82M
  • MAGNA INTL INC (MGA)$11.02M
  • CSX CORP (CSX)$7.05M
  • OMNICOM GROUP INC (OMC)$4.95M
  • HOWARD HUGHES HOLDINGS INC (HHH)$3.06M
  • APTIV PLC$2.95M
  • KROGER CO (KR)$2.60M

Current Holdings

Showing top 50 of 156 positions by value. View full filing on SEC EDGAR

#SecurityValue% of PortfolioAvg Buy PricePriceGainvs 52W HighThis QtrLast Activity
1SALESFORCE INC

CRM

$2.78B
3.71%
~$231.66$165.89−28.4%−40.1%+52.4%BUY Q1 2026
2INTERCONTINENTAL EXCHANGE IN

ICE

$2.57B
3.43%
~$146.17$140.53−3.9%−25.8%+4.9%BUY Q1 2026
3KEURIG DR PEPPER INC

KDP

$2.45B
3.27%
~$29.94$31.71+5.9%−11.8%+7.9%BUY Q1 2026
4AIRBNB INC$2.42B
3.23%
~$128.72+2.5%BUY Q1 2026
5ALPHABET INC

GOOGL

$2.41B
3.22%
~$181.80$359.68+97.8%−12.0%-5.9%SELL Q1 2026
6CONOCOPHILLIPS

COP

$2.30B
3.07%
~$106.49$116.98+9.8%−13.9%-27.4%SELL Q1 2026
7TARGA RES CORP

TRGP

$2.19B
2.91%
~$177.63$272.60+53.5%−2.6%-10.3%SELL Q1 2026
8IQVIA HLDGS INC

IQV

$2.08B
2.77%
~$204.71$181.46−11.4%−26.5%+7.6%BUY Q1 2026
9SCHWAB CHARLES CORP

SCHW

$2.05B
2.73%
~$73.03$91.10+24.7%−15.3%-1.0%SELL Q1 2026
10CAPITAL ONE FINL CORP

COF

$1.89B
2.52%
~$157.06$184.73+17.6%−28.9%-4.3%SELL Q1 2026
11FIRST CTZNS BANCSHARES INC N

FCNCA

$1.79B
2.38%
~$1806.12$2108.61+16.7%−5.5%+2.1%BUY Q1 2026
12WILLIS TOWERS WATSON PLC LTD$1.75B
2.33%
~$287.81+7.2%BUY Q1 2026
13PHILLIPS 66

PSX

$1.66B
2.22%
~$133.67$179.45+34.3%−5.9%-34.7%SELL Q1 2026
14AMERICAN INTL GROUP INC$1.55B
2.07%
~$76.47-7.0%SELL Q1 2026
15ELEVANCE HEALTH INC FORMERLY$1.50B
2.00%
~$355.99+7.1%BUY Q1 2026
16MERCK & CO INC

MRK

$1.49B
1.98%
~$100.16$119.05+18.9%−4.9%-12.2%SELL Q1 2026
17CORTEVA INC

CTVA

$1.39B
1.86%
~$62.17$76.14+22.5%−11.1%-2.2%SELL Q1 2026
18EQUIFAX INC

EFX

$1.36B
1.81%
~$242.24$163.71−32.4%−40.7%-0.4%SELL Q1 2026
19DELTA AIR LINES INC

DAL

$1.20B
1.60%
~$54.38$83.06+52.8%−0.9%-8.5%SELL Q1 2026
20ZIMMER BIOMET HOLDINGS INC

ZBH

$1.17B
1.56%
~$90.99$88.57−2.7%−18.2%+5.7%BUY Q1 2026
21FISERV INC

FISV

$1.15B
1.54%
~$92.25$53.78−41.7%−69.7%+2.6%BUY Q1 2026
22GE HEALTHCARE TECHNOLOGIES I

GEHC

$1.11B
1.48%
~$79.51$65.18−18.0%−27.4%-1.6%SELL Q1 2026
23CITIGROUP INC

C

$1.05B
1.40%
~$64.42$139.83+117.1%−0.9%-7.7%SELL Q1 2026
24ALLY FINL INC

ALLY

$1.04B
1.38%
~$39.06$44.37+13.6%−6.1%-2.3%SELL Q1 2026
25GENERAL MTRS CO

GM

$1.00B
1.34%
~$46.46$81.50+75.4%−7.0%-22.7%SELL Q1 2026
26AMAZON COM INC$991.51M
1.32%
~$207.63+6.7%BUY Q1 2026
27REINSURANCE GROUP AMER INC

RGA

$990.27M
1.32%
~$201.61$210.45+4.4%−8.2%+13.8%BUY Q1 2026
28NETFLIX INC.

NFLX

$948.02M
1.26%
~$96.33$80.34−16.6%−40.1%+30200.5%BUY Q1 2026
29BANK AMER CORP$921.76M
1.23%
~$40.04-4.8%SELL Q1 2026
30UNION PAC CORP

UNP

$917.70M
1.22%
~$233.65$272.70+16.7%−2.5%+3.4%BUY Q1 2026
31WARNER BROS DISCOVERY INC

WBD

$902.72M
1.20%
~$7.94$26.98+240.0%−10.1%-58.3%SELL Q1 2026
32MARSH & MCLENNAN COS INC

MRSH

$896.58M
1.19%
~$173.45$168.68−2.8%−23.4%NEWBUY Q1 2026
33Wells Fargo Co New

WFC

$874.37M
1.17%
~$64.90$83.73+29.0%−14.4%-14.9%SELL Q1 2026
34CBRE GROUP INC

CBRE

$869.95M
1.16%
~$89.51$133.41+49.0%−23.4%-7.3%SELL Q1 2026
35CHARTER COMMUNICATIONS INC N

CHTR

$861.15M
1.15%
~$281.31$145.82−48.2%−65.5%-8.2%SELL Q1 2026
36AERCAP HOLDINGS NV$809.58M
1.08%
~$143.69+1.0%BUY Q1 2026
37CARLYLE GROUP INC

CG

$802.50M
1.07%
~$50.42$45.75−9.3%−34.5%+9.1%BUY Q1 2026
38GLOBAL PMTS INC

GPN

$797.86M
1.06%
~$87.60$67.71−22.7%−25.3%+4.5%BUY Q1 2026
39SYSCO CORP

SYY

$785.27M
1.05%
~$74.51$79.19+6.3%−13.8%+39.1%BUY Q1 2026
40NIKE INC

NKE

$780.48M
1.04%
~$67.96$44.93−33.9%−44.0%-1.2%SELL Q1 2026
41STATE STR CORP

STT

$778.08M
1.04%
~$74.97$167.63+123.6%−0.4%-2.5%SELL Q1 2026
42COMCAST CORP NEW

CMCSA

$759.32M
1.01%
~$37.04$24.50−33.9%−28.7%-3.7%SELL Q1 2026
43SUNBELT RENTALS HOLDINGS INC

SUNB

$758.52M
1.01%
~$65.09$82.37+26.5%−2.5%NEWBUY Q1 2026
44MARATHON PETE CORP

MPC

$685.16M
0.91%
~$155.59$263.58+69.4%−3.3%-30.4%SELL Q1 2026
45NASDAQ INC

NDAQ

$679.98M
0.91%
~$73.10$88.98+21.7%−12.6%-7.1%SELL Q1 2026
46CDW CORP

CDW

$651.46M
0.87%
~$135.67$132.19−2.6%−28.1%+18.9%BUY Q1 2026
47CNH INDUSTRIAL NV$639.40M
0.85%
~$10.13-20.8%SELL Q1 2026
48AMRIZE LTD$635.53M
0.85%
~$54.08-0.3%SELL Q1 2026
49ROPER TECHNOLOGIES INC

ROP

$612.02M
0.82%
~$353.86$334.97−5.3%−41.8%NEWBUY Q1 2026
50EOG RES INC

EOG

$597.25M
0.80%
~$117.61$136.65+16.2%−10.0%-44.0%SELL Q1 2026

~ Avg buy price is estimated from quarterly 13F snapshots; actual trade dates and prices are not disclosed in filings. Gain compares the current market price to that estimated cost. vs 52W High shows how far the price sits below its 52-week high. Quotes via Yahoo Finance, may be delayed.

Filing History

PeriodValue TrendPortfolio ValuePositionsFiled
Q1 2026
$75.03B156May 15, 2026
Q4 2025
$79.12B167Feb 17, 2026
Q3 2025
$62.38B177Nov 14, 2025
Q2 2025
$61.50B171Aug 14, 2025
Q1 2025
$59.55B158May 15, 2025
Q4 2024
$75.99B153Feb 14, 2025
Q3 2024
$76.62B146Nov 14, 2024
Q2 2024
$59.08B132Aug 14, 2024