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Harris Associates

Dec 2024 → Sep 2026 · Publishes quarterly · 18 funds

Our archive holds 31 letters from Harris Associates, behind 80 investment theses and positions in 117 companies. Every quote below is copied verbatim from the letter it came from.

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31
Letters
117
Companies
76
Moves
80
Theses

18 strategies

Harris Associates publishes a letter per strategy. Each one has its own page with what it holds, what it bought and what it wrote.

Returns as reported in each strategy’s latest letter, extracted automatically and not verified by us; one share class, in its own currency. Not investment advice. Past performance does not predict future returns.

What they bought and sold · 76 moves

  • ExitedPrudential
    September 2026
    “We eliminated the following position(s) during the period: • Deere • Gartner • Prudential”
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  • ExitedEssentra
    September 2026
    “We eliminated the following position(s) during the period:”
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  • ExitedAlten
    September 2026
    “We eliminated the following position(s) during the period:”
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  • ExitedCharter Communications
    September 2026
    “We eliminated the following position(s) during the period: • Charter Communications Cl A”
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  • ExitedWingArc1st
    September 2026
    “We eliminated the following position(s) during the period: • Bunka Shutter • DTS • WingArc1st”
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  • ExitedDeere
    September 2026
    “We eliminated the following position(s) during the period: • Deere • Gartner • Prudential”
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  • New positionRiken Keiki
    September 2026
    “We initiated the following position(s) during the pe- riod: • Riken Keiki is a manufacturer of industrial gas detection equipment,”
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  • ExitedBunka Shutter
    September 2026
    “We eliminated the following position(s) during the period: • Bunka Shutter”
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  • ExitedDTS
    September 2026
    “We eliminated the following position(s) during the period: • Bunka Shutter • DTS • WingArc1st”
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  • ExitedBank Mandiri
    September 2026
    “We eliminated the following position(s) during the period:”
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  • ExitedFresenius
    September 2026
    “We eliminated the following position(s) during the period:”
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  • ExitedPrudential
    September 2026
    “We eliminated the following position(s) during the period:”
    Read the letter
  • ExitedConocoPhillips
    September 2026
    “We eliminated the following position(s) during the period: • BMW • ConocoPhillips • Waters”
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  • ExitedGartner
    September 2026
    “We eliminated the following position(s) during the period: • Deere • Gartner • Prudential”
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  • ExitedBMW
    September 2026
    “We eliminated the following position(s) during the period: • BMW • ConocoPhillips • Waters”
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  • ExitedWaters
    September 2026
    “We eliminated the following position(s) during the period: • BMW • ConocoPhillips • Waters”
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  • New positionAmerican Express
    September 2026
    “We initiated the following position(s) during the pe- riod: • American Express is a leading global payments franchise”
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  • New positionMeta Platforms
    September 2026
    “We initiated the following position(s) during the pe- riod: • Meta Platforms is a U.S.-headquartered tech- nology company whose Family of Apps (includ- ing Facebook, Instagram, and WhatsApp) reaches 3.6 billion daily active users.”
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  • New positionAmrize
    September 2026
    “We initiated the following position(s) during the pe- riod: • Amrize is a leading producer of building materi- als and construction solutions, established fol- lowing Holcim's spin-off of its North American operations in June ‘25.”
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  • ExitedDTS
    September 2026
    “We eliminated the following position(s) during the period:”
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  • New positionCooper Companies
    June 2026
    “We initiated the following position(s) during the pe- riod:”
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  • ExitedWaters
    June 2026
    “We eliminated the following position(s) during the period:”
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  • ExitedCharter Communications
    June 2026
    “We eliminated the following position(s) during the period:”
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  • ExitedAkzo Nobel
    June 2026
    “We eliminated the following position(s) during the period:”
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  • ExitedEOG Resources
    June 2026
    “We eliminated the following position(s) during the period: • EOG Resources”
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  • ExitedMarathon Petroleum
    June 2026
    “We eliminated the following position(s) during the period: • EOG Resources • Marathon Petroleum”
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  • ExitedWarner Bros Discovery
    June 2026
    “We eliminated the following position(s) during the period: • EOG Resources • Marathon Petroleum • Warner Bros Discovery”
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  • New positionMarsh & McLennan
    June 2026
    “• Marsh & McLennan is the world’s largest insur- ance broker and risk management firm.”
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  • ExitedDeere
    June 2026
    “l We eliminated the following position(s) during the period: • Deere”
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  • ExitedAumovio
    June 2026
    “We eliminated the following position(s) during the period:”
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Showing the 30 most recent of 76 recorded moves.

Companies held · 117

Every company Harris Associates has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 80

  • Meta Platforms
    September 2026

    Meta Platforms combines exceptional core business economics with AI monetization opportunities and an attractive discount to intrinsic value.

    Read the full thesis
  • Verisure
    September 2026

    Verisure is a professional alarm monitoring company with recurring subscription revenue, low attrition, proprietary technology, and inflecting free cash flow.

    Read the full thesis
  • Brambles
    September 2026

    Brambles is a dominant pallet pooling company with scale advantages, digital tracking improvements, and an attractive valuation after temporary disruptions.

    Read the full thesis
  • Arcadis NV
    September 2026

    Arcadis NV is a global engineering and design consultancy with strong franchises, margin expansion potential, and durable demand from infrastructure and sustainability spending.

    Read the full thesis
  • American Express
    September 2026

    American Express has a durable closed-loop advantage, premium brand strength, high returns, and attractive valuation relative to its growth profile.

    Read the full thesis
  • Rocket Companies
    September 2026

    Rocket Companies is a mortgage originator and servicer with scale, a low-cost model, market share gains, and underappreciated earnings power in a recovery.

    Read the full thesis
  • Valmet Corporation
    September 2026

    Valmet Corporation provides process technologies and services to pulp, paper, and energy markets, with better-than-expected results and a strategic review supporting the investment case.

    Read the full thesis
  • Riken Keiki
    September 2026

    Riken Keiki has a dominant market position, recurring aftermarket revenue, and strong semiconductor-driven growth, with shares viewed as attractively priced.

    Read the full thesis
  • DSV
    September 2026

    DSV is a freight forwarding and logistics company whose DB Schenker acquisition is expected to drive cost synergies and long-term profitability improvement.

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  • Kone
    September 2026

    Kone is a high-quality elevator and escalator company with recurring service revenue, a potential acquisition catalyst, and attractive valuation.

    Read the full thesis
  • TE Connectivity
    September 2026

    TE Connectivity has durable competitive advantages, secular growth exposure, and an attractive valuation.

    Read the full thesis
  • Sony Group Corporation
    September 2026

    Sony Group Corporation has durable competitive advantages across gaming, music, and image sensors, and trades at a discount to intrinsic value.

    Read the full thesis

Showing the 48 most recent of 80 theses. Browse them by company to see the rest.

Letter archive · 31

2026

2025

2024

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