Harris Associates (Oakmark) 13F, Q1 2026
Bill Nygren · quarter ending 31 March 2026 · filed 15 May 2026 · SEC CIK 813917
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 2 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q1 2026
The 25 largest of 156 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2025 filing.
| Company | Ticker | Value | % of book | vs Q4 2025 |
|---|---|---|---|---|
| <![CDATA[SALESFORCE INC]]> | CRM | $2.78B | 3.7% | +52% shares |
| <![CDATA[INTERCONTINENTAL EXCHANGE IN]]> | ICE | $2.57B | 3.4% | +5% shares |
| <![CDATA[KEURIG DR PEPPER INC]]> | KDP | $2.45B | 3.3% | +8% shares |
| <![CDATA[AIRBNB INC]]> | ABNB | $2.42B | 3.2% | +3% shares |
| <![CDATA[ALPHABET INC]]> | GOOGL | $2.41B | 3.2% | -6% shares |
| <![CDATA[CONOCOPHILLIPS]]> | COP | $2.30B | 3.1% | -27% shares |
| <![CDATA[TARGA RES CORP]]> | TRGP | $2.19B | 2.9% | -10% shares |
| <![CDATA[IQVIA HLDGS INC]]> | IQV | $2.08B | 2.8% | +8% shares |
| <![CDATA[SCHWAB CHARLES CORP]]> | SCHW | $2.05B | 2.7% | unchanged |
| <![CDATA[CAPITAL ONE FINL CORP]]> | COF | $1.89B | 2.5% | -4% shares |
| <![CDATA[FIRST CTZNS BANCSHARES INC D]]> | FCNCA | $1.79B | 2.4% | +2% shares |
| <![CDATA[WILLIS TOWERS WATSON PLC LTD]]> | $1.75B | 2.3% | +7% shares | |
| <![CDATA[PHILLIPS 66]]> | PSX | $1.66B | 2.2% | -35% shares |
| <![CDATA[AMERICAN INTL GROUP INC]]> | AIG | $1.55B | 2.1% | -7% shares |
| <![CDATA[MERCK & CO INC]]> | MRK | $1.49B | 2.0% | -12% shares |
| <![CDATA[ELEVANCE HEALTH INC FORMERLY]]> | ELV | $1.40B | 1.9% | unchanged |
| <![CDATA[CORTEVA INC]]> | CTVA | $1.39B | 1.9% | -2% shares |
| <![CDATA[EQUIFAX INC]]> | EFX | $1.36B | 1.8% | unchanged |
| <![CDATA[DELTA AIR LINES INC]]> | DAL | $1.20B | 1.6% | -9% shares |
| <![CDATA[ZIMMER BIOMET HOLDINGS INC]]> | ZBH | $1.17B | 1.6% | +6% shares |
| <![CDATA[GE HEALTHCARE TECHNOLOGIES I]]> | GEHC | $1.11B | 1.5% | unchanged |
| <![CDATA[FISERV INC]]> | FISV | $1.10B | 1.5% | +27% shares |
| <![CDATA[CITIGROUP INC]]> | C | $1.05B | 1.4% | -8% shares |
| <![CDATA[ALLY FINL INC]]> | ALLY | $1.04B | 1.4% | -2% shares |
| <![CDATA[GENERAL MTRS CO]]> | GM | $1.00B | 1.3% | -23% shares |
What changed since Q4 2025
Against the Q4 2025 filing, Harris Associates (Oakmark) opened 15 new positions, added to 37, trimmed 73, left 31 unchanged and exited 26. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- MRSH$896.58M
- SUNB$758.52M
- ROP$612.02M
- <![CDATA[ACCENTURE PLC IRELAND]]>$573.44M
- ADBE$557.58M
- RJF$495.95M
- SYF$316.91M
- CPNG$188.46M
and 7 more
Exited
- AZNNwas $342.87M
- APAwas $284.83M
- BAXwas $161.40M
- CEwas $143.82M
- MGAwas $11.02M
- CSXwas $7.05M
- OMCwas $4.95M
- HHHwas $3.06M
and 18 more
Other quarters
Source: SEC Form 13F-HR, accession 0000813917-26-000038, 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.