Harris Associates
Harris Oakmark US Large Value Strategy
US Value
Jun 2025 → Jun 2025
Our archive holds 1 letter from this strategy, behind 3 investment theses and positions in 10 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: • BorgWarner
The market has yet to ascribe value to these improvements, providing the opportunity to initiate a position in a dominant, growing company at a discounted valuation to peers and the broader market.
We initiated the following position(s) during the pe- riod: • Amazon is the world's largest online retailer and provider of cloud services.
This provided us the opportunity to buy shares in a leading software business that we view as having significant competitive ad- vantages.
Also held
Its investment theses
- AmazonJun 2025Amazon is a dominant online retailer and cloud services provider with a strong competitive advantage, poised for long-term growth, and currently available at a discount due to recent stock price declines.
- NikeJun 2025Nike is a strong investment opportunity due to its strategic plan to improve performance and maintain its leadership position in the athletic market despite recent challenges.
- Zimmer BiometJun 2025Zimmer Biomet is a leading orthopedic medical device company poised for growth due to favorable market trends and operational improvements that are currently undervalued.