Harris Associates L P
Harris Associates L.P. is a Chicago-based investment management firm founded in 1976. It is recognized as a leading practitioner of value investing, offering discretionary investment advisory services primarily to institutions and individuals. Harris manages long-only U.S., international, and global equity strategies through mutual funds (like the Oakmark Funds) and other vehicles. The firm is owned by Natixis Investment Managers but operates independently regarding investment philosophy and day-to-day decisions. Harris maintains a strong emphasis on in-depth research and concentrated portfolios, aiming to deliver superior long-term results. As of 2025, the firm employs approximately 217 people and manages over $96 billion in assets for global clients.
Investment Strategy
Harris Associates employs a long-term, disciplined value investing strategy, focusing on businesses trading at substantial discounts to intrinsic value as estimated through proprietary discounted cash flow analysis and rigorous fundamental research. Their approach is bottom-up, prioritizing individual company analysis over macro trends. Harris seeks companies with strong free cash flows, predictable earnings growth, and engaged management, often building concentrated portfolios and actively engaging companies to promote long-term shareholder value. They offer diverse strategies including U.S. large value equity, international equity, global all-cap equity, and balanced portfolios catering to both institutional and private clients.
Latest 13F Filing Activity
Harris Associates L P filed their most recent 13F report on Jun 30, 2025 disclosing 168 equity positions with a total 13F market value of $62B. The fund increased holdings in Salesforce Inc., Airbnb Inc., Nike Inc. among other positions. Harris Associates L P reduced exposure to Deere & Co., Kroger Co., Kenvue Inc. among others.
Top Holdings
Equity Positions (168)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GOOGL | ALPHABET INC | 4.51% | $2.78B | 15,749,876 | $79.37 | $176.23 | +$192.8M |
C COF | CAPITAL ONE FINL CORP | 3.48% | $2.14B | 10,068,086 | $90.84 | $212.76 | +$375.7M |
S SCHW | SCHWAB CHARLES CORP | 3.41% | $2.10B | 22,969,673 | $56.47 | $91.24 | -$65.7M |
I ICE | INTERCONTINENTAL EXCHANGE IN | 3.06% | $1.88B | 10,270,241 | $108.23 | $183.47 | -$87.6M |
A ABNB | AIRBNB INC | 3.06% | $1.88B | 14,237,331 | $127.83 | $132.34 | +$696.1M |