CHTR - Tracking William Nygren's Harris Associates Portfolio - Q1 2024 Update
2024-06-23 20:39:26 ET
Summary
- Harris Associates' 13F portfolio value increased from $58.03B to $61.82B this quarter, with around 200 positions reported.
- The top five stakes in the portfolio are Alphabet, IQVIA, Capital One Financial, Fiserv, and Intercontinental Exchange, totaling around 20% of the portfolio.
- New stakes in Deere & Co. and Kenvue Inc. were established, while stakes in companies like Alphabet, Capital One Financial, and Fiserv saw decreases.
This article is part of a series that provides an ongoing analysis of the changes made to Harris Associates 13F stock portfolio on a quarterly basis. It is based on Harris Associates’ regulatory 13F Form filed on 5/15/2024. William Nygren’s 13F portfolio value increased from $58.03B to $61.82B this quarter. The portfolio is diversified with recent 13F reports showing around 200 positions. There are 61 securities that are significantly large (more than ~0.5% of the portfolio each) and they are the focus of this article. The largest five stakes are Alphabet, IQVIA, Capital One Financial, Fiserv, and Intercontinental Exchange. They add up to ~20% of the portfolio. Please visit our Tracking William Nygren’s Harris Associates Portfolio series to get an idea of their investment philosophy and our last update for the fund’s moves during Q4 2023.
Harris Associates currently has ~$110B under management. Their flagship mutual funds are the Oakmark Fund ( OAKMX ) incepted in 1991 and the Oakmark International ( OAKIX ) incepted in 1992. Both funds have produced substantial alpha during their lifetimes: 12.96% annualized return compared to 10.51% for the S&P 500 index for OAKMX and 8.55% annualized return for OAKIX compared to 6.10% annualized return for the MSCI World ex-US Index. The other mutual funds in the group are Oakmark Select (OAKLX), Oakmark Equity and Income (OAKBX), Oakmark Global (OAKGX), Oakmark Global Select (OAKWX), and Oakmark International Small Cap (OAKEX)....
Tracking William Nygren's Harris Associates Portfolio - Q1 2024 Update