Super investor portfolio
Bill Nygren portfolio
Latest holdings of Oakmark Funds (Harris Associates) as of Q2 2026: 162 positions worth $75.4B, decoded into plain English.
Oakmark Funds (Harris Associates) · Chicago · since 1976
SEC 13F · period Q2 2026 · filed 14 Aug 2026 · View filing5-min briefing
Portfolio summary and charts
The 30-second read
30 sec- Keurig Dr Pepper (KDP) is the largest position at 4.0% of a $75.4B portfolio.
- Biggest buy: added most to Marsh & Mclennan Companies, about $586M of new money.
- Biggest sale: trimmed Phillips 66, about $1.2B.
- Diversified conviction: the top 10 holdings make up 31%, and the portfolio behaves like 53 equal-sized bets.
Portfolio value
$75.4B
+0.5% vs Q1 2026
Positions
162
13 new · 9 sold out
Top-10 weight
31%
Diversified conviction
Behaves like
53 bets
Effective number of positions
Turnover
7%
Portfolio traded this quarter
01 · Holdings map
Every box is a position, sized by its weight
NewAddedTrimmedUnchanged
What this meansKeurig Dr Pepper alone is 4% of the portfolio, and the top three make up 11%. Colors show what changed since last quarter, so you can spot fresh conviction at a glance.
02 · Sector allocation
Where the money is
Financials 35%Industrials 18%Consumer Discretionary 9%Consumer Staples 9%Technology 6%Health Care 6%Energy 5%Communication 5%Other positions 6%
What this meansFinancials is the biggest slice at 35% of the portfolio.
03 · Concentration curve
How focused is the portfolio?
Bill NygrenEqual-weight benchmark
What this meansThe steeper the gold curve rises above the dashed line, the more the portfolio depends on a few big bets. It behaves like 53 equal-sized positions.
04 · Quarter activityQ1 2026 → Q2 2026
Biggest buys and sells
Bought / addedSold / trimmed
What this meansThe largest move was adding to Marsh & Mclennan Companies, worth about $586M. Values are estimated at quarter-end prices.
05 · Portfolio valueQ2 2024 → Q2 2026
Two years of reported value
What this meansValue changes with both market prices and new money in or out. It moved from $59.1B to $75.4B over 9 quarters.
06 · Position historyShare of portfolio by quarter
How today’s top positions grew over time
KDPABNBCRMIQVCOFGOOGLEverything else
What this meansWide, steady bands are long-term core holdings; bands that appear suddenly are recent bets.
07 · Holdings
All 162 positions
| # | Stock | Sector | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|---|---|
| 1 | KDP Keurig Dr Pepper | Consumer Staples | 4.03% | Hold | 92,854,297 | $3.0B |
| 2 | ABNB Airbnb | Consumer Discretionary | 3.58% | Trimmed −2% | 18,861,551 | $2.7B |
| 3 | CRM Salesforce | Technology | 3.35% | Added +8% | 16,151,269 | $2.5B |
| 4 | IQV Iqvia | Industrials | 3.12% | Hold | 12,183,830 | $2.4B |
| 5 | COF Capital One Financial | Financials | 3.06% | Added +11% | 11,492,010 | $2.3B |
| 6 | GOOGL Alphabet (Class A) | Communication | 2.97% | Trimmed −25% | 6,264,999 | $2.2B |
| 7 | SCHW Schwab Charles | Financials | 2.96% | Added +11% | 24,201,471 | $2.2B |
| 8 | ICE Intercontinental Exchange | Financials | 2.95% | Added +10% | 18,050,700 | $2.2B |
| 9 | TRGP Targa Resources | Energy | 2.82% | Trimmed −9% | 7,937,530 | $2.1B |
| 10 | FCNCA First Citizens Bancshares | Financials | 2.54% | Trimmed −3% | 919,347 | $1.9B |
| 11 | ELV Elevance Health | Financials | 2.53% | Added +3% | 4,924,511 | $1.9B |
| 12 | DAL Delta Air Lines | Industrials | 2.15% | Trimmed −4% | 17,329,926 | $1.6B |
| 13 | COP Conocophillips | Energy | 2.09% | Trimmed −13% | 15,178,673 | $1.6B |
| 14 | MRK Merck | Health Care | 2.06% | Trimmed −2% | 12,073,109 | $1.6B |
| 15 | WTW Willis Towers Watson | Financials | 2.05% | Trimmed −2% | 5,908,033 | $1.5B |
| 16 | AIG American International | Financials | 2.01% | Trimmed −1% | 20,357,272 | $1.5B |
| 17 | MRSH Marsh & Mclennan Companies | Financials | 1.92% | Added +68% | 8,687,496 | $1.4B |
| 18 | CTVA Corteva | Consumer Staples | 1.83% | Trimmed −2% | 16,333,110 | $1.4B |
| 19 | SYY Sysco | Consumer Staples | 1.81% | Added +48% | 16,292,380 | $1.4B |
| 20 | BAC Bank of America | Financials | 1.74% | Added +22% | 23,090,903 | $1.3B |
| 21 | C Citigroup | Financials | 1.62% | Trimmed −6% | 8,751,443 | $1.2B |
| 22 | ALLY Ally Financial | Financials | 1.59% | Trimmed −1% | 26,105,434 | $1.2B |
| 23 | EFX Equifax | Industrials | 1.57% | Trimmed −1% | 7,447,263 | $1.2B |
| 24 | AMZN Amazon | Consumer Discretionary | 1.47% | Trimmed −2% | 4,653,406 | $1.1B |
| 25 | ZBH Zimmer Biomet | Health Care | 1.45% | Trimmed −2% | 12,738,025 | $1.1B |
| 26 | FISV Fiserv | Industrials | 1.44% | Added +13% | 22,210,980 | $1.1B |
| 27 | UNP Union Pacific | Industrials | 1.39% | Added +2% | 3,844,522 | $1.0B |
| 28 | GM General Motors | Consumer Discretionary | 1.35% | Trimmed −2% | 13,198,809 | $1.0B |
| 29 | RGA Reinsurance Group of America | Financials | 1.32% | Trimmed −3% | 4,684,424 | $996M |
| 30 | GEHC GE HealthCare Technologies | Health Care | 1.30% | Trimmed −2% | 15,329,664 | $981M |
| 31 | AER AerCap | Industrials | 1.25% | Added +9% | 6,460,145 | $942M |
| 32 | GPN Global Payments | Industrials | 1.24% | Added +9% | 12,912,987 | $937M |
| 33 | WFC Wells Fargo | Financials | 1.19% | Trimmed −1% | 10,892,476 | $900M |
| 34 | CBRE Cbre | Real Estate | 1.07% | Trimmed −6% | 6,013,890 | $810M |
| 35 | STT State Street | Financials | 1.07% | Trimmed −22% | 4,765,306 | $808M |
| 36 | NFLX Netflix | Communication | 1.04% | Added +12% | 11,014,943 | $786M |
| 37 | SUNB Sunbelt Rentals | Industrials | 1.04% | Trimmed −10% | 10,461,105 | $783M |
| 38 | CDW CDW | Consumer Discretionary | 1.03% | Added +3% | 5,543,451 | $780M |
| 39 | ICLR Icon | Industrials | 1.03% | Added +3% | 4,468,146 | $776M |
| 40 | AMRZ Amrize | Materials | 0.99% | Added +23% | 13,990,945 | $746M |
| 41 | CG Carlyle | Financials | 0.99% | Added +6% | 17,661,625 | $744M |
| 42 | CRBG Corebridge Financial | Financials | 0.95% | Added +1% | 25,132,155 | $720M |
| 43 | CNC Centene | Financials | 0.95% | Trimmed −21% | 11,124,640 | $714M |
| 44 | GOOG Alphabet (Class C) | Communication | 0.91% | Added +118% | 1,937,306 | $685M |
| 45 | MAS Masco | Industrials | 0.90% | Trimmed −3% | 8,318,944 | $677M |
| 46 | ROP Roper Technologies | Technology | 0.89% | Added +14% | 1,974,325 | $668M |
| 47 | Cnh Cnh Indl N V | Other | 0.88% | Added +2% | 59,068,990 | $663M |
| 48 | NDAQ Nasdaq | Financials | 0.85% | Added +1% | 8,092,686 | $638M |
| 49 | TEL TE Connectivity | Industrials | 0.81% | Added +8% | 3,047,993 | $615M |
| 50 | NKE NIKE | Materials | 0.78% | Trimmed −3% | 14,403,570 | $591M |
| 51 | ADBE Adobe | Technology | 0.77% | Added +23% | 2,829,066 | $580M |
| 52 | SYF Synchrony Financial | Financials | 0.75% | Added +60% | 7,446,335 | $566M |
| 53 | RJF Raymond James Financial | Financials | 0.74% | Added +8% | 3,693,787 | $562M |
| 54 | LAD Lithia Motors | Consumer Discretionary | 0.74% | Trimmed −2% | 1,915,329 | $556M |
| 55 | CRL Charles River Laboratories International | Industrials | 0.67% | Added +4% | 2,241,144 | $508M |
| 56 | GPC Genuine Parts | Industrials | 0.57% | Trimmed −7% | 3,653,725 | $431M |
| 57 | STZ Constellation Brands | Consumer Staples | 0.57% | Trimmed −4% | 3,097,056 | $431M |
| 58 | PAYC Paycom Software | Technology | 0.57% | Added +4% | 3,397,446 | $427M |
| 59 | FBIN Fortune Brands Innovations | Materials | 0.56% | Added +3% | 7,629,819 | $419M |
| 60 | EQH Equitable | Financials | 0.55% | Added +33495% | 9,489,037 | $416M |
| 61 | IT Gartner | Industrials | 0.49% | Trimmed −9% | 2,846,799 | $369M |
| 62 | BDX Becton Dickinson | Health Care | 0.47% | Added +6% | 2,350,963 | $356M |
| 63 | Accenture Accenture PLC Ireland | Other | 0.45% | Trimmed −5% | 2,757,314 | $343M |
| 64 | MDLZ Mondelez International | Consumer Staples | 0.42% | Trimmed −2% | 5,520,536 | $319M |
| 65 | PSX Phillips 66 | Energy | 0.39% | Trimmed −81% | 1,757,891 | $297M |
| 66 | BKNG Booking Holdings | Consumer Discretionary | 0.37% | New | 1,557,503 | $278M |
| 67 | Accenture Accenture PLC Ireland (call options) | Other | 0.35% | New | 2,120,000 | $264M |
| 68 | CPNG Coupang | Consumer Discretionary | 0.33% | Added +43% | 14,296,823 | $248M |
| 69 | V Visa | Financials | 0.32% | Trimmed −1% | 711,659 | $244M |
| 70 | MOH Molina Healthcare | Financials | 0.29% | Trimmed −2% | 957,500 | $219M |
| 71 | DE Deere | Industrials | 0.26% | Trimmed −40% | 313,034 | $199M |
| 72 | FMX Mexican Economic Development | Consumer Staples | 0.26% | Trimmed −31% | 1,541,584 | $197M |
| 73 | CMCSA Comcast | Communication | 0.23% | Trimmed −73% | 7,173,464 | $176M |
| 74 | OC Owens Corning | Materials | 0.23% | Added +20% | 1,095,517 | $174M |
| 75 | BC Brunswick | Industrials | 0.21% | Trimmed −14% | 1,913,396 | $161M |
| 76 | HLN Haleon | Consumer Staples | 0.21% | Added +12% | 16,833,252 | $157M |
| 77 | ABM Abm Industries | Industrials | 0.17% | Added +1% | 2,912,307 | $129M |
| 78 | WBD Warner Bros. Discovery | Communication | 0.17% | Trimmed −85% | 4,803,194 | $128M |
| 79 | MTN Vail Resorts | Consumer Discretionary | 0.14% | Added +3% | 764,385 | $104M |
| 80 | ORCL Oracle | Technology | 0.13% | Trimmed −12% | 650,879 | $95M |
| 81 | Liberty Liberty Broadband | Other | 0.12% | Trimmed −34% | 2,638,832 | $88M |
| 82 | NVST Envista | Health Care | 0.10% | Trimmed −15% | 2,756,781 | $73M |
| 83 | THO Thor Industries | Consumer Discretionary | 0.09% | Trimmed −4% | 923,940 | $69M |
| 84 | AXP American Express | Financials | 0.09% | Hold | 203,453 | $69M |
| 85 | HCA HCA Healthcare | Health Care | 0.08% | Trimmed −3% | 154,097 | $60M |
| 86 | MPC Marathon Petroleum | Energy | 0.08% | Trimmed −92% | 229,011 | $59M |
| 87 | COO Cooper Companies | Health Care | 0.07% | New | 766,520 | $55M |
| 88 | MA Mastercard | Financials | 0.07% | Trimmed −15% | 100,993 | $52M |
| 89 | RYAAY Ryanair | Industrials | 0.07% | Trimmed −7% | 790,544 | $51M |
| 90 | WEN Wendy's | Consumer Discretionary | 0.06% | Trimmed −6% | 5,587,137 | $46M |
| 91 | ALSN Allison Transmission | Consumer Discretionary | 0.06% | Trimmed −24% | 402,762 | $45M |
| 92 | WMG Warner Music | Consumer Discretionary | 0.06% | Hold | 1,611,030 | $44M |
| 93 | BLK BlackRock | Financials | 0.06% | Trimmed −18% | 44,575 | $43M |
| 94 | AAPL Apple | Technology | 0.05% | Hold | 131,305 | $38M |
| 95 | CVS CVS Health | Consumer Staples | 0.05% | Trimmed −32% | 335,817 | $35M |
| 96 | CIGI Colliers International | Real Estate | 0.04% | Added +13% | 354,200 | $33M |
| 97 | EOG EOG Resources | Energy | 0.04% | Trimmed −94% | 244,809 | $32M |
| 98 | ZGN Ermenegildo Zegna | Consumer Discretionary | 0.04% | Trimmed −16% | 2,435,700 | $32M |
| 99 | KKR KKR | Financials | 0.04% | Trimmed −7% | 343,974 | $32M |
| 100 | HLT Hilton Worldwide | Consumer Discretionary | 0.04% | Trimmed −11% | 85,299 | $28M |
| 101 | GS Goldman Sachs | Financials | 0.04% | Trimmed −5% | 27,218 | $28M |
| 102 | MSFT Microsoft | Technology | 0.03% | Added +915% | 68,612 | $26M |
| 103 | ALV Autoliv | Consumer Discretionary | 0.03% | Trimmed −8% | 214,490 | $25M |
| 104 | CWK Cushman & Wakefield | Real Estate | 0.03% | Trimmed −1% | 1,858,460 | $25M |
| 105 | WDAY Workday | Technology | 0.03% | Added +1552% | 192,764 | $24M |
| 106 | CCK Crown | Industrials | 0.03% | Hold | 190,865 | $21M |
| 107 | OPLN Openlane | Consumer Discretionary | 0.02% | Trimmed −32% | 386,223 | $16M |
| 108 | TXN Texas Instruments | Technology | 0.02% | Trimmed −3% | 46,260 | $14M |
| 109 | CHTR Charter Communications | Communication | 0.02% | Trimmed −98% | 96,777 | $14M |
| 110 | BWA Borgwarner | Consumer Discretionary | 0.02% | Trimmed −13% | 193,743 | $13M |
| 111 | BRK.B Berkshire Hathaway (Class B) | Financials | 0.02% | Trimmed −1% | 25,253 | $13M |
| 112 | BIRK Birkenstock | Materials | 0.01% | New | 185,100 | $8M |
| 113 | WAT Waters | Health Care | 0.01% | Trimmed −94% | 18,413 | $7M |
| 114 | BNY Bank of New York Mellon | Financials | 0.01% | Trimmed −1% | 42,419 | $6M |
| 115 | META Meta Platforms | Communication | 0.00% | Added +4% | 4,655 | $3M |
| 116 | DOV Dover | Industrials | 0.00% | Trimmed −5% | 11,213 | $3M |
| 117 | NVDA NVIDIA | Technology | 0.00% | Hold | 12,475 | $2M |
| 118 | JPM JPMorgan Chase | Financials | 0.00% | Added +7% | 6,215 | $2M |
| 119 | CAT Caterpillar | Industrials | 0.00% | Hold | 1,840 | $2M |
| 120 | CSL Carlisle Companies | Materials | 0.00% | Trimmed −8% | 4,612 | $2M |
| 121 | SPY SPDR S&P 500 ETF Trust | Other | 0.00% | Trimmed −72% | 2,148 | $2M |
| 122 | LEA Lear | Consumer Discretionary | 0.00% | Trimmed −4% | 11,425 | $2M |
| 123 | BABA Alibaba | Industrials | 0.00% | Added +15% | 15,413 | $1M |
| 124 | AMAT Applied Materials | Technology | 0.00% | Trimmed −12% | 1,945 | $1M |
| 125 | PM Philip Morris International | Consumer Staples | 0.00% | Added +19% | 6,093 | $1M |
| 126 | Johnson Johnson Controls Internation | Other | 0.00% | Hold | 7,350 | $1M |
| 127 | VTV Vanguard Index Fds | Funds & other | 0.00% | Added +71% | 4,390 | $957K |
| 128 | TFC Truist Financial | Financials | 0.00% | Trimmed −17% | 18,735 | $933K |
| 129 | MCO Moody's | Financials | 0.00% | Hold | 1,905 | $863K |
| 130 | AVGO Broadcom | Technology | 0.00% | Trimmed −2% | 1,779 | $672K |
| 131 | HRI Herc | Industrials | 0.00% | Hold | 4,495 | $644K |
| 132 | ABBV AbbVie | Health Care | 0.00% | Trimmed −10% | 2,420 | $609K |
| 133 | LLY ELI Lilly | Health Care | 0.00% | Trimmed −4% | 431 | $517K |
| 134 | AMD Advanced Micro Devices | Technology | 0.00% | New | 875 | $508K |
| 135 | THC Tenet Healthcare | Health Care | 0.00% | Hold | 2,400 | $449K |
| 136 | BX Blackstone | Financials | 0.00% | Hold | 3,750 | $441K |
| 137 | DHR Danaher | Technology | 0.00% | Hold | 1,838 | $350K |
| 138 | WMT Walmart | Consumer Staples | 0.00% | Added +42% | 2,962 | $335K |
| 139 | COST Costco Wholesale | Consumer Staples | 0.00% | Trimmed −1% | 358 | $335K |
| 140 | SGOV iShares Tr | Funds & other | 0.00% | Trimmed −16% | 3,151 | $317K |
| 141 | PH Parker-Hannifin | Industrials | 0.00% | Hold | 295 | $289K |
| 142 | PEP Pepsico | Consumer Staples | 0.00% | Added +21% | 2,015 | $273K |
| 143 | UL Unilever | Consumer Staples | 0.00% | Added +10% | 4,516 | $272K |
| 144 | SAP SAP | Technology | 0.00% | Added +15% | 1,673 | $258K |
| 145 | INTC Intel | Technology | 0.00% | New | 1,757 | $245K |
| 146 | OSK Oshkosh | Consumer Discretionary | 0.00% | Hold | 1,575 | $242K |
| 147 | IDXX Idexx Laboratories | Health Care | 0.00% | Trimmed −6% | 455 | $240K |
| 148 | DEO Diageo | Consumer Staples | 0.00% | Trimmed −12% | 2,895 | $233K |
| 149 | CVX Chevron | Energy | 0.00% | Hold | 1,350 | $224K |
| 150 | PG Procter & Gamble | Consumer Staples | 0.00% | Hold | 1,494 | $219K |
| 151 | VOT Vanguard Index Fds | Funds & other | 0.00% | Hold | 700 | $214K |
| 152 | MU Micron Technology | Technology | 0.00% | New | 180 | $208K |
| 153 | RSP Invesco Exchange Traded Fd T | Funds & other | 0.00% | New | 969 | $206K |
| 154 | PUK Prudential | Financials | 0.00% | New | 7,635 | $205K |
| 155 | KB KB Financial | Financials | 0.00% | Trimmed −98% | 1,944 | $204K |
| 156 | ACWI iShares Tr | Funds & other | 0.00% | Hold | 1,092 | $171K |
| 157 | IWM iShares Tr | Funds & other | 0.00% | Hold | 533 | $160K |
| 158 | VUG Vanguard Index Fds | Funds & other | 0.00% | New | 1,677 | $144K |
| 159 | XT iShares Tr | Funds & other | 0.00% | New | 563 | $47K |
| 160 | Liberty Liberty Broadband | Other | 0.00% | Trimmed −74% | 1,110 | $37K |
| 161 | IJK iShares Tr | Funds & other | 0.00% | New | 292 | $34K |
| 162 | IJR iShares Tr | Funds & other | 0.00% | New | 177 | $26K |
Values as reported at quarter end (30 Jun 2026). Activity compares share counts with the Q1 2026 filing. Source: SEC filing 0000813917-26-000042 · all filings on EDGAR.
08 · Sold out this quarter
Positions closed
- FlutterFlutter Entmt$115M at Q1 2026
- ELVElevance Health (call options)$100M at Q1 2026
- SealedSealed Air$54M at Q1 2026
- FISVFiserv (call options)$53M at Q1 2026
- GRFSGrifols$15M at Q1 2026
- ExxonExxon Mobil$249K at Q1 2026
- NUVNuveen Municipal Value Fund$134K at Q1 2026
- MBBiShares Tr$3K at Q1 2026
- USIGiShares Tr$3K at Q1 2026
09 · About the investor
Bill Nygren
Bill Nygren manages flagship funds at Oakmark, the fund family of Chicago-based Harris Associates. The firm buys companies trading well below its estimate of intrinsic value; the 13F covers all of Harris Associates’ US holdings.
Philosophy in brief
- Buy businesses trading at a big discount to intrinsic value.
- Invest with managers who think like owners.
- Sell when price approaches value, then repeat.
How to read this page
The 13F shows US-listed long positions at quarter end, filed up to 45 days later. It does not show short positions, cash, bonds (except convertibles) or most non-US holdings, so treat it as one view of the strategy, not the whole picture.
10 · Other smart moneyPoliticians and insiders
Who else is trading these holdings
- 01KDP Keurig Dr Pepper1 congressional trade disclosed (1 buys) · insiders bought $250K in Q3 20264.0% of portfolio
- 02ABNB Airbnb2 congressional trades disclosed (1 buys)3.6% of portfolio
- 03CRM Salesforce5 congressional trades disclosed (3 buys) · insiders bought $999K in Q3 20263.4% of portfolio
- 04IQV Iqvia4 congressional trades disclosed (0 buys)3.1% of portfolio
- 05COF Capital One Financial1 congressional trade disclosed (1 buys)3.1% of portfolio
- 06GOOGL Alphabet (Class A)24 congressional trades disclosed (7 buys)3.0% of portfolio
- 07SCHW Schwab Charles3 congressional trades disclosed (2 buys)3.0% of portfolio
- 08ICE Intercontinental Exchange3 congressional trades disclosed (2 buys)2.9% of portfolio
11 · Similar portfolios
Investors who think alike
Cosine similarity of position weights (100 = identical portfolios). Chips show the biggest shared holdings.
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