Harris Associates
Harris Associates Global Concentrated Strategy
Global
Dec 2024 → Sep 2026
Our archive holds 3 letters from this strategy, behind 8 investment theses and positions in 15 companies. Every quote below is copied verbatim from the letter it came from.
3 letters in 3 years · follow all of Harris Associates for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Net of Fees
- YTD+1.4%index +11.8%
- 1Y+4.9%index +15.2%
- 3Y · /yr+10.5%index +21.4%
- 5Y · /yr+5.6%index +11.9%
- 10Y · /yr+9.4%index +12.8%
- Inception · /yr+7.6%index +8.2%
Index: MSCI World Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Harris Associates Global Concentrated Strategy | +1.4% | +4.9% | +10.5% | +5.6% | +9.4% | +7.6% |
| MSCI World Index | +11.8% | +15.2% | +21.4% | +11.9% | +12.8% | +8.2% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
We eliminated the following position(s) during the period: • BMW • ConocoPhillips • Waters
We eliminated the following position(s) during the period: • BMW • ConocoPhillips • Waters
We eliminated the following position(s) during the period: • BMW • ConocoPhillips • Waters
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.
Also held
Its investment theses
- DSVSep 2026DSV is a freight forwarding and logistics company whose DB Schenker acquisition is expected to drive cost synergies and long-term profitability improvement.
- AmrizeSep 2026Amrize is a leading building materials company with pricing power, strong market positions, Building Envelope growth potential, and margin upside.
- LVMHSep 2026LVMH is a diversified luxury leader with a scarcity-driven model, share gains, cyclical resilience, and discounted valuation upside.
- Willis Towers WatsonSep 2026Willis Towers Watson is an insurance broker and HR services firm with capital-light economics, margin expansion, AI benefits, and undervaluation.
- CapgeminiDec 2024Capgemini is a leading global IT services company well-positioned for growth due to its strong digital transformation capabilities and attractive asset-lite business model, despite facing short-term challenges.
- DiageoDec 2024Diageo is a leading global producer and marketer of premium drinks with a diverse portfolio of over 200 brands, positioned for competitive advantages and attractive investment opportunities despite recent market challenges.
- Elevance HealthDec 2024Elevance Health is poised for recovery as its stock, currently undervalued due to temporary industry challenges, is expected to bounce back, reflecting its quality and growth potential.
- Sysco CorporationDec 2024Sysco Corporation is a high-quality foodservice distribution company benefiting from scale advantages, poised for long-term growth despite recent slowdowns in independent restaurant sales.