Navigating the Markets: Harris Associates' Evolving Investment Landscape
Portfolio Growth and Core Holdings in Q3 2025
During the third quarter of 2025, Harris Associates' investment portfolio experienced substantial expansion, reaching a total valuation of $62.38 billion. A significant portion of this growth is anchored by its core investments in prominent companies. Firms such as Alphabet, IQVIA, Charles Schwab, Capital One, and Airbnb collectively constitute approximately 18% of the entire portfolio, demonstrating their strategic importance to the fund's overall allocation.
Strategic Stake Increases Across Diverse Sectors
The third quarter of 2025 was marked by several strategic stake enhancements in a variety of sectors. Harris Associates notably expanded its holdings in Airbnb, a leader in the travel and hospitality industry, indicating strong confidence in its growth trajectory. Significant investments were also directed towards Phillips 66, an energy company, and Salesforce, a cloud-based software giant, reflecting a diversified approach. Additional increases were observed in companies like Keurig Dr Pepper, Equifax, Elevance Health, and Fiserv, highlighting the fund's broad market engagement.
Major Reductions and Portfolio Rebalancing Efforts
Conversely, the same quarter also saw a series of significant reductions in certain key holdings, signaling a rebalancing of the portfolio. Harris Associates scaled back its positions in tech giant Alphabet, financial services leaders Charles Schwab and Capital One, and Intercontinental Exchange. Further reductions were made in industrial heavyweights General Motors and Deere, along with commercial real estate services firm CBRE, and telecommunications provider Charter Communications. These adjustments reflect a dynamic approach to portfolio management, adapting to market conditions and investment outlooks.
Oakmark's Expansion into the ETF Market
In a notable development for the broader investment group, Oakmark, an affiliate, launched new Exchange Traded Funds (ETFs) between 2024 and 2025. This move signifies an expansion of Oakmark's product offerings, enhancing its ability to provide diverse investment solutions to clients. The introduction of these new ETFs underscores a continued commitment to active portfolio management strategies, aiming to leverage market opportunities and generate value for investors.