Harris Associates
Harris Oakmark International Equity Strategy
International
Jun 2025 → Jun 2025
Our archive holds 1 letter from this strategy, behind 3 investment theses and positions in 8 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Harris Associates for every strategy.
What it bought and sold
We eliminated the following position(s) during the period: • Anheuser-Busch InBev • Brambles • Compass Group • Henkel • Holcim • Schindler Holding
Also held
Its investment theses
- ASMLJun 2025ASML is the world’s largest semiconductor equipment manufacturer and a leading producer of lithography machines, with a strong market position in EUV lithography, making it well-positioned to benefit from increased demand for high-quality chips in data centers, PCs, and AI applications, despite recent stock price declines due to customer budget cuts and geopolitical concerns.
- ASR NederlandJun 2025ASR Nederland is a well-positioned Dutch insurance and investment holding company anticipated to benefit from regulatory reforms and market consolidation, while effectively returning cash to shareholders, especially following its 2023 acquisition of Aegon Netherlands.
- SMC CorporationJun 2025SMC is a leading pneumatic equipment manufacturer poised to benefit from a favorable automation growth cycle, presenting a strong investment opportunity despite recent stock price challenges.