Value managerChicago13F filer since 1999

Harris Associates

Managed by Bill Nygren, portfolio manager

13F portfolio value$75.2BQ2 2026 · flat vs Q1

Positions16112 new · 7 sold out

Top 10 weight31%of portfolio value

Turnover8%vs Q1

Largest holdingKDP4.0% of portfolio

Last filingAug 14for Q2 2026

What changed in Q2 2026

Automated summary of the 13F · filed Aug 14, 2026

Added to CRM (+8% shares) and COF (+11% shares); new positions in BKNG, COO and Birkenstock.

Biggest cut: GOOGL (−25% of shares). Sold out of Flutter Entmt, Sealed AIR and GRFS.

Since the quarter ended, the top 10 holdings on Markets are up about 10.6% on average, led by CRM and GOOGL.

Holdings · Q2 2026

1KDPKeurig DR Pepper4.0%$3.04B92.9MNo change——

2ABNBAirbnb3.6%$2.70B18.9MTrimmed −2%——

3CRMSalesforce, Inc.3.4%$2.53B16.2MAdded +8%+39.0%—

4IQVIqvia3.1%$2.35B12.2MNo change——

5COFCapital ONE Finl3.1%$2.31B11.5MAdded +11%——

6GOOGLAlphabet Inc.3.0%$2.24B6.3MTrimmed −25%−17.8%—

7SCHWSchwab Charles3.0%$2.23B24.2MAdded +11%——

8ICEIntercontinental Exchange IN3.0%$2.22B18.1MAdded +10%——

9TRGPTarga RES2.8%$2.13B7.9MTrimmed −9%——

10FCNCAFirst Ctzns Bancshares INC D2.5%$1.91B919KTrimmed −3%——

Sector allocation

Financials5%+0.8 ptTechnology4%−0.3 ptCommunication4%−0.5 ptConsumer discretionary4%+0.3 ptIndustrials2%+0.6 ptOther80%−0.9 pt

Change shown in percentage points vs Q1. Holdings outside Markets’ coverage count as Other.

Reported portfolio value

$60.8B

$60.3B

$59.5B

$61.5B

$62.4B

$78.8B

$74.9B

$75.2B

Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26

13F market value at each quarter end, US long positions only.

Not investment advice. From SEC Form 13F filings (SEC EDGAR 13F). Following an investor alerts you when their next filing lands; it does not copy trades.