Harris Associates (Oakmark) 13F, Q1 2025
Bill Nygren · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 813917
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 158 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| <![CDATA[ALPHABET INC]]> | GOOGL | $2.58B | 4.3% | unchanged |
| <![CDATA[SCHWAB CHARLES CORP]]> | SCHW | $2.16B | 3.6% | unchanged |
| <![CDATA[DEERE & CO]]> | DE | $1.98B | 3.3% | -13% shares |
| <![CDATA[INTERCONTINENTAL EXCHANGE IN]]> | ICE | $1.97B | 3.3% | -15% shares |
| <![CDATA[IQVIA HLDGS INC]]> | IQV | $1.97B | 3.3% | unchanged |
| <![CDATA[AMERICAN INTL GROUP INC]]> | AIG | $1.94B | 3.3% | -4% shares |
| <![CDATA[CONOCOPHILLIPS]]> | COP | $1.91B | 3.2% | +25% shares |
| <![CDATA[CAPITAL ONE FINL CORP]]> | COF | $1.77B | 3.0% | -17% shares |
| <![CDATA[PHILLIPS 66]]> | PSX | $1.71B | 2.9% | +18% shares |
| <![CDATA[CHARTER COMMUNICATIONS INC N]]> | CHTR | $1.53B | 2.6% | -5% shares |
| <![CDATA[KEURIG DR PEPPER INC]]> | KDP | $1.49B | 2.5% | +53% shares |
| <![CDATA[GENERAL MTRS CO]]> | GM | $1.40B | 2.3% | unchanged |
| <![CDATA[CENTENE CORP DEL]]> | CNC | $1.28B | 2.1% | -17% shares |
| <![CDATA[CBRE GROUP INC]]> | CBRE | $1.27B | 2.1% | -10% shares |
| <![CDATA[FISERV INC]]> | FISV | $1.25B | 2.1% | -38% shares |
| <![CDATA[FIRST CTZNS BANCSHARES INC N]]> | FCNCA | $1.24B | 2.1% | +3% shares |
| <![CDATA[WILLIS TOWERS WATSON PLC LTD]]> | $1.20B | 2.0% | unchanged | |
| <![CDATA[AIRBNB INC]]> | ABNB | $1.19B | 2.0% | +86% shares |
| <![CDATA[BANK AMERICA CORP]]> | BAC | $1.18B | 2.0% | -6% shares |
| <![CDATA[EQUIFAX INC]]> | EFX | $1.11B | 1.9% | +28% shares |
| <![CDATA[CITIGROUP INC]]> | C | $1.10B | 1.9% | -7% shares |
| <![CDATA[CNH INDL N V]]> | $1.03B | 1.7% | -28% shares | |
| <![CDATA[WARNER BROS DISCOVERY INC]]> | WBD | $1.03B | 1.7% | unchanged |
| <![CDATA[ELEVANCE HEALTH INC]]> | ELV | $991.78M | 1.7% | +25% shares |
| <![CDATA[ALLY FINL INC]]> | ALLY | $908.66M | 1.5% | +8% shares |
What changed since Q4 2024
Against the Q4 2024 filing, Harris Associates (Oakmark) opened 18 new positions, added to 35, trimmed 65, left 40 unchanged and exited 13. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- MOH$345.01M
- STZ$317.19M
- MPC$311.30M
- MDLZ$159.41M
- <![CDATA[FLUTTER ENTMT PLC]]>$127.08M
- TRGP$14.45M
- WMT$1.71M
- BMY$731.9K
and 10 more
Exited
- NVST 1.75 08/15/28was $15.65B
- <![CDATA[LIBERTY GLOBAL LTD]]>was $88.48M
- <![CDATA[SUNRISE COMMUNICATIONS AG]]>was $21.74M
- <![CDATA[BEACON ROOFING SUPPLY INC]]>was $21.52M
- <![CDATA[SMURFIT WESTROCK PLC]]>was $14.75M
- IWDwas $11.04M
- FLSwas $644.2K
- PHwas $517.7K
and 5 more
Other quarters
Source: SEC Form 13F-HR, accession 0001415889-25-013201, filed by HARRIS ASSOCIATES L P. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.