Harris Associates
Harris Associates U.S. Concentrated Strategy
US Large-cap
Jun 2026 → Sep 2026
Our archive holds 2 letters from this strategy, behind 4 investment theses and positions in 8 companies. Every quote below is copied verbatim from the letter it came from.
2 letters in a year · follow all of Harris Associates for every strategy.
Performance
as of Sep 30, 2026 · net of fees · USD · Net of Fees
- YTD+12.2%index +19.3%
- 1Y+21.6%index +23.8%
- 3Y · /yr+18.9%index +20.1%
- 5Y · /yr+10.7%index +11.9%
- 10Y · /yr+12.0%index +11.4%
- Inception · /yr+13.1%index +10.7%
Index: Russell 1000 Value Index
| YTD | 1Y | 3Yper year | 5Yper year | 10Yper year | Since inceptionper year | |
|---|---|---|---|---|---|---|
| Harris Associates U.S. Concentrated Strategy | +12.2% | +21.6% | +18.9% | +10.7% | +12.0% | +13.1% |
| Russell 1000 Value Index | +19.3% | +23.8% | +20.1% | +11.9% | +11.4% | +10.7% |
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
l We eliminated the following position(s) during the period: • Deere
• Marsh & McLennan is the world’s largest insur- ance broker and risk management firm.
Also held
Its investment theses
- Rocket CompaniesSep 2026Rocket Companies is a mortgage originator and servicer with scale, a low-cost model, market share gains, and underappreciated earnings power in a recovery.
- Marsh & McLennanJun 2026Marsh & McLennan is the largest insurance broker and risk management firm, supported by oligopolistic positioning, organic growth, margin expansion, and efficiency initiatives.
- ICONJun 2026ICON is a leading pure-play clinical research organization with improving bookings, margin expansion, and a long runway for future growth.
- CenteneJun 2026Centene is a government managed care leader with expected earnings recovery from stabilizing medical costs, better reimbursement, and expense initiatives.