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Harris Associates

Dec 2024 → Jun 2026 · Publishes quarterly · 18 funds

Our archive holds 23 letters from Harris Associates, behind 61 investment theses and positions in 40 companies. Every quote below is copied verbatim from the letter it came from.

Harris Associates’s own letters page
23
Letters
40
Companies
25
Moves
61
Theses

What they bought and sold · 25 moves

Companies held · 40

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

Theses · 61

  • Scout24
    June 2026

    Scout24 is the dominant German property classifieds platform with strong network effects and significant pricing and ARPU upside.

    Read the full thesis
  • Reply
    June 2026

    Reply has a decentralized IT services model with durable demand and AI-related productivity upside at an attractive valuation.

    Read the full thesis
  • Birkenstock Holding
    June 2026

    Birkenstock is a premium footwear brand with structural barriers, vertical integration, and durable growth and margin potential.

    Read the full thesis
  • Hiab
    June 2026

    Hiab is a high-quality niche industrial with structural growth, margin expansion potential, and a value-unlocking independence catalyst.

    Read the full thesis
  • Dormakaba
    June 2026

    Dormakaba benefits from barriers to entry, pricing power, and improved management with potential margin recovery.

    Read the full thesis
  • SATS Ltd.
    June 2026

    SATS is a global aviation services leader with barriers to entry, scale advantages, and durable growth and margin expansion.

    Read the full thesis
  • oOh!media
    June 2026

    oOh!media is the leading Australian out-of-home advertiser with structural share gains and improving margins, implying meaningful upside.

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  • Equitable Holdings
    June 2026

    Equitable Holdings is attractive for its shift toward fee-based capital-light businesses, merger upside, and low valuation.

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  • Accenture
    June 2026

    Accenture is seen as temporarily pressured but well positioned to benefit from AI-driven transformation, with deep client relationships and a low valuation.

    Read the full thesis
  • Marsh & McLennan
    June 2026

    Marsh & McLennan is the largest insurance broker and risk management firm, supported by oligopolistic positioning, organic growth, margin expansion, and efficiency initiatives.

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  • ICON
    June 2026

    ICON is a leading pure-play clinical research organization with improving bookings, margin expansion, and a long runway for future growth.

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  • Centene
    June 2026

    Centene is a government managed care leader with expected earnings recovery from stabilizing medical costs, better reimbursement, and expense initiatives.

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Showing the 48 most recent of 61 theses. Browse them by company to see the rest.

Letter archive · 23

2026

2025

2024

Funds · 18

  • Harris Associates Global Concentrated Strategy2
  • Harris Associates Global Strategy2
  • Harris Associates International Small Cap Strategy2
  • Harris Associates Japan Strategy2
  • Harris Associates U.S. Large Value Strategy2
  • Harris Associates Global All Cap Strategy1
  • Harris Associates International Strategy1
  • Harris Associates U.S. Concentrated Strategy1
  • Harris Oakmark Concentrated Strategy1
  • Harris Oakmark Global All Cap Strategy1
  • Harris Oakmark Global Concentrated Strategy1
  • Harris Oakmark Global Strategy1
  • Harris Oakmark International Equity Strategy1
  • Harris Oakmark International Small Cap Strategy1
  • Harris Oakmark Japan Strategy1
  • Harris Oakmark US Large Value Strategy1
  • Harris US Concentrated Strategy1
  • Harris US Large Value Strategy1

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