Harris Associates (Oakmark Funds)
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Bill Nygren's Harris Associates (Oakmark Funds) reported 167 stock positions worth $78.8 billion. Its top holding was Alphabet Class A (GOOGL) at 3.5% of the portfolio, followed by Capital One Financial (COF, 3.3%) and Salesforce (CRM, 3.3%). Compared with Q3 2025, it opened 9 new positions, sold out of 19, added to 58 and reduced 74. The biggest buy was Targa Resources (TRGP, shares +134%) and the biggest sale Alphabet Class A (GOOGL, shares −22%).
- Most Recent 13F
- Q2 2026
- Notable People
- Bill Nygren
- Location
- CHICAGO, IL
- CIK
- 0000813917
- Portfolio Value
- $78.8B (Q4 2025)
- SEC Filing
- 0000813917-26-000022 ↗ filed Feb 17, 2026
Holdings Value
Holdings 167 stocks · $78.8B
| GOOGL Alphabet Inc. Class A | 3.54% | 8,918,581 | $2.8B | Reduce -21.8% |
| COF Capital One Financial Corp. | 3.33% | 10,825,295 | $2.6B | Add +19.9% |
| CRM Salesforce Inc. | 3.29% | 9,791,328 | $2.6B | Add +39.0% |
| IQV Iqvia Holdings Inc. | 3.24% | 11,319,718 | $2.6B | Reduce -0.6% |
| ABNB Airbnb Inc. Class A | 3.22% | 18,694,408 | $2.5B | Add +21.0% |
| ICE Intercontinental Exchange Inc. | 3.20% | 15,584,531 | $2.5B | Add +52.9% |
| KDP Keurig Dr Pepper Inc. | 3.07% | 86,269,175 | $2.4B | Add +37.8% |
| WBD Warner Bros Discovery Inc. | 2.88% | 78,854,809 | $2.3B | Reduce -17.8% |
| COP Conocophillips | 2.85% | 24,002,747 | $2.2B | Add +27.2% |
| SCHW Schwab (charles) Corp. | 2.79% | 22,031,493 | $2.2B | Add +3.8% |
| FCNCA First Citizens Bcshs Class A | 2.53% | 928,944 | $2.0B | Add +26.0% |
| AIG American International Group | 2.40% | 22,144,430 | $1.9B | Add +24.5% |
| WTW Willis Towers Watson PLC | 2.34% | 5,613,089 | $1.8B | Add +30.7% |
| PSX Phillips 66 | 2.29% | 13,978,492 | $1.8B | Add +2.5% |
| TRGP Targa Resources Corp. | 2.28% | 9,729,925 | $1.8B | Add +134.2% |
| ELV Elevance Health Inc. | 2.13% | 4,794,445 | $1.7B | Add +50.3% |
| EFX Equifax Inc. | 2.08% | 7,557,127 | $1.6B | Add +29.5% |
| MRK Merck & Co. Inc. | 1.88% | 14,088,705 | $1.5B | Add +43.4% |
| DE Deere & Co. | 1.85% | 3,135,045 | $1.5B | Add +45.4% |
| GM General Motors Co. | 1.80% | 17,407,745 | $1.4B | Reduce -17.3% |
| DAL Delta Air Lines Inc. | 1.73% | 19,666,515 | $1.4B | Add +45.4% |
| GEHC GE Healthcare Technology | 1.65% | 15,854,646 | $1.3B | Add +43.9% |
| ALLY Ally Financial Inc. | 1.55% | 27,045,748 | $1.2B | Add +0.2% |
| WFC Wells Fargo & Co. | 1.53% | 12,903,643 | $1.2B | Add +19.4% |
| C Citigroup Inc. | 1.49% | 10,041,169 | $1.2B | Reduce -27.3% |
| CTVA Corteva Inc. | 1.45% | 17,026,221 | $1.1B | Add +168.1% |
| CBRE CBRE Group Inc. Class A | 1.41% | 6,928,621 | $1.1B | Add +0.6% |
| ZBH Zimmer Biomet Holdings Inc. | 1.40% | 12,264,703 | $1.1B | Add +158.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.39% | 19,853,400 | $1.1B | Reduce -26.9% |
| FISV Fiserv Inc. | 1.33% | 15,554,703 | $1.0B | Add +130.0% |
| AMZN Amazon.com Inc. | 1.31% | 4,463,110 | $1.0B | Add +2.5% |
| NKE Nike Inc. Class B | 1.21% | 14,956,882 | $952.9M | Add +72.3% |
| CHTR Charter Communications Inc. Class A | 1.15% | 4,344,822 | $907.0M | Add +24.3% |
| CG The Carlyle Group Inc. | 1.14% | 15,198,269 | $898.4M | Add +39.1% |
| GPN Global Payments Inc. | 1.11% | 11,348,361 | $878.4M | Add +66.4% |
| RGA Reinsurance Group of America | 1.10% | 4,261,078 | $867.0M | Add +27.4% |
| UNP Union Pacific Corp. | 1.07% | 3,656,510 | $845.8M | Add +149.5% |
| AER Aercap Holdings NV | 1.07% | 5,840,480 | $839.6M | New |
| NDAQ Nasdaq Inc. | 1.06% | 8,621,689 | $837.4M | Add +46.0% |
| CMCSA Comcast Corp. Class A | 1.04% | 27,458,428 | $820.7M | Add +24.5% |
| STT State Street Corp. | 1.03% | 6,306,244 | $813.6M | Reduce -17.3% |
| EOG EOG Resources Inc. | 0.98% | 7,372,292 | $774.2M | Add +61.6% |
| CRBG Corebridge Financial Inc. | 0.93% | 24,370,017 | $735.2M | Add +30.1% |
| TEL Te Connectivity PLC | 0.93% | 3,229,986 | $734.9M | Reduce -19.4% |
| MAS Masco Corp. | 0.93% | 11,501,911 | $729.9M | Add +55.2% |
| CNH CNH Industrial NV | 0.86% | 73,420,366 | $676.9M | Reduce -7.5% |
| MPC Marathon Petroleum Corp. | 0.83% | 4,031,962 | $655.7M | Add +0.7% |
| LAD Lithia Motors Inc. | 0.83% | 1,967,035 | $653.7M | Reduce -0.8% |
| CDW CDW Corp. | 0.78% | 4,525,812 | $616.4M | Add +1548.5% |
| AMRZ Amrize Ltd. | 0.78% | 11,379,547 | $615.4M | New |
| SYY Sysco Corp. | 0.74% | 7,913,611 | $583.2M | Reduce -4.7% |
| BDX Becton Dickinson and Co. | 0.70% | 2,841,721 | $551.5M | Reduce -8.8% |
| GPC Genuine Parts Co. | 0.68% | 4,347,003 | $534.5M | Add +49.3% |
| PAYC Paycom Software Inc. | 0.65% | 3,209,759 | $511.5M | Add +68.5% |
| ICLR Icon PLC | 0.58% | 2,510,166 | $457.4M | Add +7.2% |
| STZ Constellation Brands Inc. Class A | 0.57% | 3,234,152 | $446.2M | Add +57.8% |
| MOH Molina Healthcare Inc. | 0.52% | 2,346,437 | $407.2M | Reduce -12.5% |
| FBIN Fortune Brands Innovations I | 0.48% | 7,641,019 | $382.2M | Reduce -1.4% |
| CNC Centene Corp. | 0.47% | 9,050,554 | $372.4M | Reduce -0.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.44% | 3,729,731 | $342.9M | New |
| CRL Charles River Laboratories | 0.42% | 1,677,606 | $334.6M | Add +13.9% |
| GOOG Alphabet Inc. Class C | 0.38% | 961,570 | $301.7M | Reduce -18.9% |
| APA Apa Corp. | 0.36% | 11,644,670 | $284.8M | Reduce -53.4% |
| FMX Fomento Economico Mex-SP ADR | 0.35% | 2,704,716 | $273.4M | Reduce -0.1% |
| V Visa Inc. Class A | 0.33% | 735,344 | $257.9M | Reduce -2.9% |
| MDLZ Mondelez International Inc. Class A | 0.32% | 4,619,758 | $248.7M | Add +221.9% |
| IT Gartner Inc. | 0.31% | 963,984 | $243.2M | New |
| FLUT Flutter Entertainment PLC-Di | 0.28% | 1,016,963 | $218.7M | Add +58.9% |
| LBRDK Liberty Broadband-C | 0.26% | 4,148,894 | $201.6M | Reduce -35.2% |
| BC Brunswick Corp. | 0.23% | 2,435,469 | $180.8M | Reduce -28.2% |
| BAX Baxter International Inc. | 0.20% | 8,445,832 | $161.4M | Reduce -0.3% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.20% | 2,233,754 | $161.3M | Reduce -27.0% |
| SEE Sealed Air Corp. | 0.20% | 3,805,827 | $157.7M | Reduce -28.3% |
| ORCL Oracle Corp. | 0.19% | 760,995 | $148.3M | Reduce -5.0% |
| CE Celanese Corp. | 0.18% | 3,401,656 | $143.8M | Reduce -1.0% |
| ABM Abm Industries Inc. | 0.15% | 2,711,878 | $114.7M | Reduce -2.1% |
| THO Thor Industries Inc. | 0.14% | 1,060,985 | $108.9M | Reduce -2.0% |
| NVST Envista Holdings Corp. | 0.13% | 4,645,560 | $100.9M | Reduce -32.2% |
| MTN Vail Resorts Inc. | 0.12% | 714,776 | $94.9M | Reduce -20.6% |
| HCA HCA Healthcare Inc. | 0.11% | 181,042 | $84.5M | Reduce -18.4% |
| WEN The Wendy's Co. | 0.11% | 9,966,105 | $83.0M | Reduce -6.0% |
| AXP American Express Co. | 0.10% | 219,077 | $81.0M | Reduce -9.9% |
| MA Mastercard Inc. Class A | 0.09% | 119,031 | $68.0M | Reduce -5.4% |
| ALSN Allison Transmission Holding | 0.08% | 678,527 | $66.4M | Reduce -4.5% |
| BWA Borgwarner Inc. | 0.08% | 1,373,924 | $61.9M | Reduce -33.5% |
| BLK BlackRock Inc. | 0.07% | 54,409 | $58.2M | Reduce -18.4% |
| WMG Warner Music Group Corp. Class A | 0.06% | 1,652,725 | $50.7M | Reduce -20.2% |
| KKR KKR & Co. Inc. | 0.06% | 370,193 | $47.2M | Reduce -2.6% |
| CVS CVS Health Corp. | 0.05% | 525,051 | $41.7M | Reduce -4.3% |
| OPLN Openlane Inc. | 0.05% | 1,375,115 | $41.0M | Reduce -18.3% |
| AAPL Apple Inc. | 0.05% | 133,170 | $36.2M | Add +3.4% |
| ZGN Ermenegildo Zegna NV | 0.04% | 3,213,300 | $32.9M | Reduce -9.6% |
| HLT Hilton Worldwide Holdings Inc. | 0.04% | 114,415 | $32.9M | Reduce -9.4% |
| CWK Cushman & Wakefield Ltd. | 0.04% | 1,983,990 | $32.1M | Reduce -14.1% |
| OC Owens Corning | 0.04% | 280,528 | $31.4M | Add +7.1% |
| ALV Autoliv Inc. | 0.04% | 255,590 | $30.3M | Reduce -3.4% |
| GS Goldman Sachs Group Inc. | 0.04% | 33,049 | $29.1M | Reduce -10.2% |
| GRFS Grifols SA-ADR | 0.03% | 2,689,100 | $25.1M | Reduce -1.6% |
| CCK Crown Holdings Inc. | 0.03% | 193,110 | $19.9M | Add +3.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.02% | 25,999 | $13.1M | Reduce -3.9% |
Options reported separately and not counted above: FISV calls ($309.0M).
Portfolio Sells Q3 2025 → Q4 2025
| GOOGL Alphabet Inc. Class A | Reduce -21.8% | 3.54% | −0.90 |
| BAC Bank of America Corp. | Reduce -26.9% | 1.39% | −0.86 |
| C Citigroup Inc. | Reduce -27.3% | 1.49% | −0.76 |
| APA Apa Corp. | Reduce -53.4% | 0.36% | −0.61 |
| BNY Bank of New York Mellon Corp. | Reduce -98.0% | 0.01% | −0.59 |
| CNH CNH Industrial NV | Reduce -7.5% | 0.86% | −0.52 |
| TEL Te Connectivity PLC | Reduce -19.4% | 0.93% | −0.48 |
| LBRDK Liberty Broadband-C | Reduce -35.2% | 0.26% | −0.40 |
| STT State Street Corp. | Reduce -17.3% | 1.03% | −0.39 |
| SYY Sysco Corp. | Reduce -4.7% | 0.74% | −0.36 |
| MOH Molina Healthcare Inc. | Reduce -12.5% | 0.52% | −0.31 |
| GM General Motors Co. | Reduce -17.3% | 1.80% | −0.26 |
| BDX Becton Dickinson and Co. | Reduce -8.8% | 0.70% | −0.24 |
| IQV Iqvia Holdings Inc. | Reduce -0.6% | 3.24% | −0.23 |
| FBIN Fortune Brands Innovations I | Reduce -1.4% | 0.48% | −0.18 |
| LAD Lithia Motors Inc. | Reduce -0.8% | 0.83% | −0.17 |
| ORCL Oracle Corp. | Reduce -5.0% | 0.19% | −0.17 |
| MGA Magna International Inc. | Reduce -90.4% | 0.01% | −0.15 |
| WBD Warner Bros Discovery Inc. | Reduce -17.8% | 2.88% | −0.12 |
| BC Brunswick Corp. | Reduce -28.2% | 0.23% | −0.11 |
| BAX Baxter International Inc. | Reduce -0.3% | 0.20% | −0.10 |
| SEE Sealed Air Corp. | Reduce -28.3% | 0.20% | −0.10 |
| NVST Envista Holdings Corp. | Reduce -32.2% | 0.13% | −0.10 |
| MTN Vail Resorts Inc. | Reduce -20.6% | 0.12% | −0.10 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -27.0% | 0.20% | −0.09 |
| V Visa Inc. Class A | Reduce -2.9% | 0.33% | −0.09 |
| FMX Fomento Economico Mex-SP ADR | Reduce -0.1% | 0.35% | −0.08 |
| GOOG Alphabet Inc. Class C | Reduce -18.9% | 0.38% | −0.08 |
| BWA Borgwarner Inc. | Reduce -33.5% | 0.08% | −0.07 |
| ACVA Acv Auctions Inc. Class A | Sold out | 0.00% | −0.06 |
| ABM Abm Industries Inc. | Reduce -2.1% | 0.15% | −0.06 |
| BLK BlackRock Inc. | Reduce -18.4% | 0.07% | −0.05 |
| WEN The Wendy's Co. | Reduce -6.0% | 0.11% | −0.05 |
| CNC Centene Corp. | Reduce -0.8% | 0.47% | −0.05 |
| CE Celanese Corp. | Reduce -1.0% | 0.18% | −0.05 |
| WMG Warner Music Group Corp. Class A | Reduce -20.2% | 0.06% | −0.05 |
| HCA HCA Healthcare Inc. | Reduce -18.4% | 0.11% | −0.04 |
| THO Thor Industries Inc. | Reduce -2.0% | 0.14% | −0.04 |
| MA Mastercard Inc. Class A | Reduce -5.4% | 0.09% | −0.03 |
| KR Kroger Co. | Reduce -85.4% | 0.00% | −0.03 |
| AXP American Express Co. | Reduce -9.9% | 0.10% | −0.03 |
| OPLN Openlane Inc. | Reduce -18.3% | 0.05% | −0.03 |
| IPG Interpublic Group of Cos Inc. | Sold out | 0.00% | −0.02 |
| GLIBK Liberty Capital Corp. Class C | Sold out | 0.00% | −0.02 |
| KKR KKR & Co. Inc. | Reduce -2.6% | 0.06% | −0.02 |
| CWK Cushman & Wakefield Ltd. | Reduce -14.1% | 0.04% | −0.02 |
| ALV Autoliv Inc. | Reduce -3.4% | 0.04% | −0.01 |
| CVS CVS Health Corp. | Reduce -4.3% | 0.05% | −0.01 |
| ALSN Allison Transmission Holding | Reduce -4.5% | 0.08% | −0.01 |
| ZGN Ermenegildo Zegna NV | Reduce -9.6% | 0.04% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| TRGP Targa Resources Corp. | Add +134.2% | 2.28% | +1.16 |
| AER Aercap Holdings NV | New | 1.07% | +1.07 |
| AMRZ Amrize Ltd. | New | 0.78% | +0.78 |
| CTVA Corteva Inc. | Add +168.1% | 1.45% | +0.76 |
| CDW CDW Corp. | Add +1548.5% | 0.78% | +0.71 |
| ZBH Zimmer Biomet Holdings Inc. | Add +158.2% | 1.40% | +0.65 |
| CRM Salesforce Inc. | Add +39.0% | 3.29% | +0.61 |
| MRK Merck & Co. Inc. | Add +43.4% | 1.88% | +0.56 |
| UNP Union Pacific Corp. | Add +149.5% | 1.07% | +0.52 |
| KDP Keurig Dr Pepper Inc. | Add +37.8% | 3.07% | +0.51 |
| DAL Delta Air Lines Inc. | Add +45.4% | 1.73% | +0.50 |
| ELV Elevance Health Inc. | Add +50.3% | 2.13% | +0.48 |
| ICE Intercontinental Exchange Inc. | Add +52.9% | 3.20% | +0.45 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.44% | +0.44 |
| FCNCA First Citizens Bcshs Class A | Add +26.0% | 2.53% | +0.41 |
| GEHC GE Healthcare Technology | Add +43.9% | 1.65% | +0.32 |
| IT Gartner Inc. | New | 0.31% | +0.31 |
| DE Deere & Co. | Add +45.4% | 1.85% | +0.27 |
| COF Capital One Financial Corp. | Add +19.9% | 3.33% | +0.25 |
| NKE Nike Inc. Class B | Add +72.3% | 1.21% | +0.24 |
| NDAQ Nasdaq Inc. | Add +46.0% | 1.06% | +0.23 |
| ABNB Airbnb Inc. Class A | Add +21.0% | 3.22% | +0.21 |
| GPN Global Payments Inc. | Add +66.4% | 1.11% | +0.21 |
| MDLZ Mondelez International Inc. Class A | Add +221.9% | 0.32% | +0.17 |
| AIG American International Group | Add +24.5% | 2.40% | +0.16 |
| EOG EOG Resources Inc. | Add +61.6% | 0.98% | +0.16 |
| STZ Constellation Brands Inc. Class A | Add +57.8% | 0.57% | +0.12 |
| MAS Masco Corp. | Add +55.2% | 0.93% | +0.09 |
| WFC Wells Fargo & Co. | Add +19.4% | 1.53% | +0.07 |
| RGA Reinsurance Group of America | Add +27.4% | 1.10% | +0.07 |
| CRL Charles River Laboratories | Add +13.9% | 0.42% | +0.06 |
| CG The Carlyle Group Inc. | Add +39.1% | 1.14% | +0.04 |
| GPC Genuine Parts Co. | Add +49.3% | 0.68% | +0.03 |
| FLUT Flutter Entertainment PLC-Di | Add +58.9% | 0.28% | +0.02 |
| PAYC Paycom Software Inc. | Add +68.5% | 0.65% | +0.01 |
| OMC Omnicom Group | New | 0.01% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +2554.9% | 0.00% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +151.7% | 0.00% | +0.00 |
| BABA Alibaba Group Holding-SP ADR | Add +345.0% | 0.00% | +0.00 |
| BX Blackstone Inc. | New | 0.00% | +0.00 |
| PANW Palo Alto Networks Inc. | New | 0.00% | +0.00 |
| NUV Nuveen Municipal Value | New | 0.00% | +0.00 |
| SGOV iShares 0-3 Month Treasury B | New | 0.00% | +0.00 |
| WMT Walmart Inc. | Add +33.2% | 0.00% | +0.00 |
| PUK Prudential PLC-ADR | Add +0.3% | 0.00% | 0.00 |
| COST Costco Wholesale Corp. | Add +12.9% | 0.00% | −0.00 |
| PG The Procter & Gamble Co. | Add +2.8% | 0.00% | −0.00 |
| JPM JPMorgan Chase & Co. | Add +4.0% | 0.00% | −0.00 |
| META Meta Platforms Inc. Class A | Add +12.4% | 0.00% | −0.00 |
| NFLX Netflix Inc. | Add +0.6% | 0.00% | −0.00 |
Options Activity Q3 2025 → Q4 2025
| FISV Fiserv Inc. | call | New | 4,600,000 | $309.0M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 161 | $75.2B | KDP, ABNB, CRM, IQV, COF |
| Q1 2026 | 156 | $74.9B | CRM, ICE, KDP, ABNB, GOOGL |
| Q4 2025 | 167 | $78.8B | GOOGL, COF, CRM, IQV, ABNB |
| Q3 2025 | 177 | $62.4B | GOOGL, IQV, SCHW, COF, ABNB |
| Q2 2025 | 171 | $61.5B | GOOGL, COF, SCHW, ICE, ABNB |
| Q1 2025 | 158 | $59.5B | GOOGL, SCHW, DE, ICE, IQV |
| Q4 2024 | 152 | $60.3B | GOOGL, IQV, COF, DE, SCHW |
| Q3 2024 | 144 | $60.8B | GOOGL, FISV, IQV, COF, ICE |
| Q2 2024 | 132 | $59.1B | GOOGL, IQV, FISV, COF, ICE |
| Q1 2024 | 133 | $61.8B | GOOGL, IQV, COF, FISV, ICE |