WallStSmart

Bill Nygren - Oakmark Funds

Harris Associates

Latest 13F filing
Q4 2025
filed Feb 17, 2026
Portfolio value
$79.12B
Positions
167
Top 10 concentration
31.3%
QoQ change
+26.8%
+$16.75B
Activity vs. Q3 2025
10
New positions
58
Added to
26
Unchanged
73
Reduced
91
Exited

Portfolio composition — Q4 2025

  • GOOGLALPHABET INC3.5%
  • COFCAPITAL ONE FINL CORP3.3%
  • CRMSALESFORCE INC3.3%
  • IQVIQVIA HLDGS INC3.2%
  • ABNBAIRBNB INC3.2%
  • ICEINTERCONTINENTAL EXCHANGE IN3.2%
  • KDPKEURIG DR PEPPER INC3.1%
  • WBDWARNER BROS DISCOVERY INC2.9%
  • COPCONOCOPHILLIPS2.8%
  • SCHWSCHWAB CHARLES CORP2.8%
  • Other157 more positions68.7%

Top buys

New & added positions, by size

  • COFADD
    CAPITAL ONE FINL CORP
    $2.62B
    +19.9%
  • CRMADD
    SALESFORCE INC
    $2.59B
    +39.0%
  • ABNBADD
    AIRBNB INC
    $2.54B
    +21.0%
  • ICEADD
    INTERCONTINENTAL EXCHANGE IN
    $2.52B
    +52.9%
  • KDPADD
    KEURIG DR PEPPER INC
    $2.42B
    +37.8%

Top sells

Reduced & exited positions, biggest cuts first

  • RSPEXIT
    INVESCO EXCHANGE TRADED FD T
    -100.0%
    Exited
  • EFAEXIT
    ISHARES TR
    -100.0%
    Exited
  • IWREXIT
    ISHARES TR
    -100.0%
    Exited
  • USHYEXIT
    ISHARES TR
    -100.0%
    Exited
  • LHXEXIT
    L3HARRIS TECHNOLOGIES INC
    -100.0%
    Exited

Holdings as of Q4 2025

#TickerIssuerSharesValue% PortfolioReported priceActionΔ Shares
1GOOGLALPHABET INC8,918,581$2.79B3.53%$313.00REDUCE-21.8%
2COFCAPITAL ONE FINL CORP10,825,295$2.62B3.32%$242.36ADD+19.9%
3CRMSALESFORCE INC9,791,328$2.59B3.28%$264.91ADD+39.0%
4IQVIQVIA HLDGS INC11,319,718$2.55B3.22%$225.41REDUCE-0.6%
5ABNBAIRBNB INC18,694,408$2.54B3.21%$135.72ADD+21.0%
6ICEINTERCONTINENTAL EXCHANGE IN15,584,531$2.52B3.19%$161.96ADD+52.9%
7KDPKEURIG DR PEPPER INC86,269,175$2.42B3.05%$28.01ADD+37.8%
8WBDWARNER BROS DISCOVERY INC78,854,809$2.27B2.87%$28.82REDUCE-17.8%
9COPCONOCOPHILLIPS24,002,747$2.25B2.84%$93.61ADD+27.2%
10SCHWSCHWAB CHARLES CORP22,031,493$2.20B2.78%$99.91ADD+3.7%
11FCNCAFIRST CTZNS BANCSHARES INC D928,944$1.99B2.52%$2146.18ADD+26.0%
12AIGAMERICAN INTL GROUP INC22,144,430$1.89B2.39%$85.55ADD+24.5%
13WTWWILLIS TOWERS WATSON PLC LTD5,613,089$1.84B2.33%$328.60ADD+30.7%
14PSXPHILLIPS 6613,978,492$1.80B2.28%$129.04ADD+2.5%
15TRGPTARGA RES CORP9,729,925$1.80B2.27%$184.50ADD+134.2%
16ELVELEVANCE HEALTH INC FORMERLY4,794,445$1.68B2.12%$350.55ADD+50.3%
17EFXEQUIFAX INC7,557,127$1.64B2.07%$216.98ADD+29.5%
18MRKMERCK & CO INC14,088,705$1.48B1.87%$105.26ADD+43.4%
19DEDEERE & CO3,135,045$1.46B1.84%$465.57ADD+45.4%
20GMGENERAL MTRS CO17,407,745$1.42B1.79%$81.32REDUCE-17.3%
21DALDELTA AIR LINES INC DEL19,666,515$1.36B1.73%$69.40ADD+45.4%
22FISVFISERV INC20,154,703$1.35B1.71%$67.17ADD+198.0%
23GEHCGE HEALTHCARE TECHNOLOGIES I15,854,646$1.30B1.64%$82.02ADD+43.9%
24ALLYALLY FINL INC27,045,748$1.22B1.55%$45.29ADD+0.2%
25WFCWELLS FARGO CO NEW12,903,643$1.20B1.52%$93.20ADD+19.5%
26CCITIGROUP INC10,041,169$1.17B1.48%$116.69REDUCE-27.3%
27CTVACORTEVA INC17,026,221$1.14B1.44%$67.03ADD+168.1%
28CBRECBRE GROUP INC6,928,621$1.11B1.41%$160.79ADD+0.6%
29ZBHZIMMER BIOMET HOLDINGS INC12,264,703$1.10B1.39%$89.92ADD+158.2%
30BACBANK AMERICA CORP19,853,400$1.09B1.38%$55.00REDUCE-26.9%
31AMZNAMAZON COM INC4,463,110$1.03B1.30%$230.82ADD+2.5%
32NKENIKE INC14,956,882$952.90M1.20%$63.71ADD+72.3%
33CHTRCHARTER COMMUNICATIONS INC N4,344,822$906.98M1.15%$208.75ADD+24.3%
34CGCARLYLE GROUP INC15,198,269$898.37M1.14%$59.11ADD+39.1%
35GPNGLOBAL PMTS INC11,348,361$878.36M1.11%$77.40ADD+66.4%
36RGAREINSURANCE GRP OF AMERICA I4,261,078$866.96M1.10%$203.46ADD+27.4%
37UNPUNION PAC CORP3,656,510$845.82M1.07%$231.32ADD+149.5%
38AERAERCAP HOLDINGS NV5,840,480$839.63M1.06%$143.76NEW
39NDAQNASDAQ INC8,621,689$837.42M1.06%$97.13ADD+46.0%
40CMCSACOMCAST CORP NEW27,458,428$820.73M1.04%$29.89ADD+24.5%
41STTSTATE STR CORP6,306,244$813.57M1.03%$129.01REDUCE-17.3%
42EOGEOG RES INC7,372,292$774.16M0.98%$105.01ADD+61.6%
43CRBGCOREBRIDGE FINL INC24,370,017$735.24M0.93%$30.17ADD+30.1%
44TELTE CONNECTIVITY PLC3,229,986$734.85M0.93%$227.51REDUCE-19.4%
45MASMASCO CORP11,501,911$729.91M0.92%$63.46ADD+55.2%
46CNHCNH INDL N V73,420,366$676.94M0.86%$9.22REDUCE-7.4%
47MPCMARATHON PETE CORP4,031,962$655.72M0.83%$162.63ADD+0.7%
48LADLITHIA MTRS INC1,967,035$653.70M0.83%$332.33REDUCE-0.8%
49CDWCDW CORP4,525,812$616.42M0.78%$136.20ADD+1548.4%
50AMRZAMRIZE LTD11,379,547$615.41M0.78%$54.08NEW
51SYYSYSCO CORP7,913,611$583.15M0.74%$73.69REDUCE-4.7%
52BDXBECTON DICKINSON & CO2,841,721$551.49M0.70%$194.07REDUCE-8.8%
53GPCGENUINE PARTS CO4,347,003$534.51M0.68%$122.96ADD+49.3%
54PAYCPAYCOM SOFTWARE INC3,209,759$511.51M0.65%$159.36ADD+68.5%
55ICLRICON PLC2,510,166$457.40M0.58%$182.22ADD+7.2%
56STZCONSTELLATION BRANDS INC3,234,152$446.18M0.56%$137.96ADD+57.8%
57MOHMOLINA HEALTHCARE INC2,346,437$407.20M0.51%$173.54REDUCE-12.5%
58FBINFORTUNE BRANDS INNOVATIONS I7,641,019$382.20M0.48%$50.02REDUCE-1.4%
59CNCCENTENE CORP DEL9,050,554$372.43M0.47%$41.15REDUCE-0.8%
60AZNASTRAZENECA PLC3,729,731$342.87M0.43%$91.93NEW
61CRLCHARLES RIV LABS INTL INC1,677,606$334.65M0.42%$199.48ADD+13.9%
62GOOGALPHABET INC961,570$301.74M0.38%$313.80REDUCE-18.9%
63APAAPA CORPORATION11,644,670$284.83M0.36%$24.46REDUCE-53.4%
64FMXFOMENTO ECONOMICO MEXICANO S2,704,716$273.37M0.35%$101.07REDUCE-0.1%
65VVISA INC735,344$257.89M0.33%$350.71REDUCE-2.9%
66MDLZMONDELEZ INTL INC4,619,758$248.68M0.31%$53.83ADD+221.9%
67ITGARTNER INC963,984$243.19M0.31%$252.28NEW
68FLUTFLUTTER ENTMT PLC1,016,963$218.69M0.28%$215.04ADD+58.9%
69LBRDKLIBERTY BROADBAND CORP4,148,894$201.64M0.25%$48.60REDUCE-35.2%
70BCBRUNSWICK CORP2,435,469$180.81M0.23%$74.24REDUCE-28.2%
71BAXBAXTER INTL INC8,445,832$161.40M0.20%$19.11REDUCE-0.3%
72RYAAYRYANAIR HOLDINGS PLC2,233,754$161.25M0.20%$72.19REDUCE-27.0%
73SDASEALED AIR CORP NEW3,805,827$157.68M0.20%$41.43REDUCE-28.3%
74ORCLORACLE CORP760,995$148.33M0.19%$194.91REDUCE-5.0%
75CECELANESE CORP DEL3,401,656$143.82M0.18%$42.28REDUCE-1.0%
76ABMABM INDS INC2,711,878$114.71M0.14%$42.30REDUCE-2.1%
77THOTHOR INDS INC1,060,985$108.93M0.14%$102.67REDUCE-2.0%
78NVSTENVISTA HOLDINGS CORPORATION4,645,560$100.86M0.13%$21.71REDUCE-32.2%
79MTNVAIL RESORTS INC714,776$94.92M0.12%$132.80REDUCE-20.6%
80HCAHCA HEALTHCARE INC181,042$84.52M0.11%$466.86REDUCE-18.4%
81WENWENDYS CO9,966,105$83.02M0.10%$8.33REDUCE-6.0%
82AXPAMERICAN EXPRESS CO219,077$81.05M0.10%$369.95REDUCE-10.0%
83MAMASTERCARD INCORPORATED119,031$67.95M0.09%$570.88REDUCE-5.4%
84ALSNALLISON TRANSMISSION HLDGS I678,527$66.43M0.08%$97.90REDUCE-4.5%
85BWABORGWARNER INC1,373,924$61.91M0.08%$45.06REDUCE-33.5%
86BLKBLACKROCK INC54,409$58.24M0.07%$1070.34REDUCE-18.4%
87WMGWARNER MUSIC GROUP CORP1,652,725$50.69M0.06%$30.67REDUCE-20.2%
88KKRKKR & CO INC370,193$47.19M0.06%$127.48REDUCE-2.6%
89CVSCVS HEALTH CORP525,051$41.67M0.05%$79.36REDUCE-4.3%
90OPLNOPENLANE INC1,375,115$40.95M0.05%$29.78REDUCE-18.3%
91AAPLAPPLE INC133,170$36.20M0.05%$271.86ADD+3.4%
92ZGNERMENEGILDO ZEGNA N V3,213,300$32.94M0.04%$10.25REDUCE-9.6%
93HLTHILTON WORLDWIDE HLDGS INC114,415$32.87M0.04%$287.25REDUCE-9.5%
94CWKCUSHMAN AND WAKEFIELD LTD1,983,990$32.12M0.04%$16.19NEW
95OCOWENS CORNING NEW280,528$31.39M0.04%$111.91ADD+7.1%
96ALVAUTOLIV INC255,590$30.34M0.04%$118.70REDUCE-3.4%
97GSGOLDMAN SACHS GROUP INC33,049$29.05M0.04%$879.00REDUCE-10.2%
98GRFSGRIFOLS S A2,689,100$25.14M0.03%$9.35REDUCE-1.6%
99CCKCROWN HLDGS INC193,110$19.88M0.03%$102.97ADD+3.5%
100BRK/BBERKSHIRE HATHAWAY INC DEL25,999$13.07M0.02%$502.65REDUCE-3.9%
101MGAMAGNA INTL INC206,680$11.02M0.01%$53.30REDUCE-90.4%
102CIGICOLLIERS INTL GROUP INC72,600$10.67M0.01%$146.98REDUCE-9.5%
103TXNTEXAS INSTRS INC48,265$8.37M0.01%$173.49REDUCE-0.1%
104BKBANK NEW YORK MELLON CORP67,654$7.85M0.01%$116.09REDUCE-98.0%
105CSXCSX CORP194,360$7.05M0.01%$36.250%
106OMCOMNICOM GROUP INC61,340$4.95M0.01%$80.75NEW
107VTVVANGUARD INDEX FDS19,859$3.79M0.00%$190.99ADD+2554.9%
108SPYSPDR S&P 500 ETF TR5,037$3.43M0.00%$681.92ADD+151.7%
109MSFTMICROSOFT CORP6,854$3.31M0.00%$483.62REDUCE-12.7%
110HHHHOWARD HUGHES HOLDINGS INC38,394$3.06M0.00%$79.77REDUCE-34.7%
111NFLXNETFLIX INC32,540$3.05M0.00%$93.76ADD+905.6%
112APTVAPTIV PLC38,815$2.95M0.00%$76.09REDUCE-34.4%
113METAMETA PLATFORMS INC4,285$2.83M0.00%$660.09ADD+12.4%
114LEALEAR CORP22,750$2.61M0.00%$114.60REDUCE-44.9%
115KRKROGER CO41,645$2.60M0.00%$62.48REDUCE-85.4%
116NVDANVIDIA CORPORATION13,154$2.45M0.00%$186.50REDUCE-12.3%
117DOVDOVER CORP11,863$2.32M0.00%$195.24REDUCE-2.1%
118JPMJPMORGAN CHASE & CO.5,935$1.91M0.00%$322.22ADD+4.0%
119CSLCARLISLE COS INC5,480$1.75M0.00%$319.86REDUCE-12.1%
120BABAALIBABA GROUP HLDG LTD9,589$1.41M0.00%$146.58ADD+345.0%
121CATCATERPILLAR INC2,408$1.38M0.00%$572.870%
122WDAYWORKDAY INC5,727$1.23M0.00%$214.78REDUCE-13.2%
123MBCMASTERBRAND INC108,716$1.20M0.00%$11.04REDUCE-1.4%
124TFCTRUIST FINL CORP23,000$1.13M0.00%$49.210%
125HRIHERC HLDGS INC7,105$1.05M0.00%$148.38REDUCE-2.3%
126MCOMOODYS CORP1,948$995.14K0.00%$510.85REDUCE-25.1%
127JCIJOHNSON CTLS INTL PLC8,165$977.76K0.00%$119.75REDUCE-5.4%
128PMPHILIP MORRIS INTL INC5,099$817.88K0.00%$160.400%
129ABBVABBVIE INC2,682$612.81K0.00%$228.49REDUCE-15.2%
130AVGOBROADCOM INC1,710$591.83K0.00%$346.100%
131BXBLACKSTONE INC3,750$578.02K0.00%$154.14NEW
132COSTCOSTCO WHSL CORP NEW656$565.70K0.00%$862.34ADD+12.9%
133AMATAPPLIED MATLS INC2,200$565.38K0.00%$256.990%
134DHRDANAHER CORPORATION2,261$517.59K0.00%$228.92REDUCE-31.9%
135PANWPALO ALTO NETWORKS INC2,640$486.29K0.00%$184.20NEW
136THCTENET HEALTHCARE CORP2,400$476.93K0.00%$198.720%
137UNHUNITEDHEALTH GROUP INC1,414$466.78K0.00%$330.110%
138LLYELI LILLY & CO414$444.92K0.00%$1074.680%
139WMTWALMART INC3,512$391.27K0.00%$111.41ADD+33.2%
140MCDMCDONALDS CORP1,273$389.07K0.00%$305.630%
141AMDADVANCED MICRO DEVICES INC1,530$327.67K0.00%$214.160%
142TMOTHERMO FISHER SCIENTIFIC INC541$313.48K0.00%$579.450%
143IDXXIDEXX LABS INC455$307.82K0.00%$676.530%
144PEPPEPSICO INC2,124$304.84K0.00%$143.520%
145DEODIAGEO PLC3,495$301.51K0.00%$86.27REDUCE-31.9%
146PGPROCTER AND GAMBLE CO1,897$271.86K0.00%$143.31ADD+2.8%
147KBKB FINL GROUP INC3,115$268.01K0.00%$86.04REDUCE-7.4%
148PHPARKER-HANNIFIN CORP295$259.29K0.00%$878.960%
149ABTABBOTT LABS2,046$256.34K0.00%$125.290%
150AONAON PLC699$246.66K0.00%$352.88REDUCE-0.7%
151XOMEXXON MOBIL CORP1,966$236.59K0.00%$120.340%
152PUKPRUDENTIAL PLC7,520$234.02K0.00%$31.12ADD+0.3%
153HDBHDFC BANK LTD6,000$219.24K0.00%$36.54REDUCE-31.5%
154LBRDALIBERTY BROADBAND CORP4,305$207.84K0.00%$48.28REDUCE-18.9%
155ADPAUTOMATIC DATA PROCESSING IN805$207.07K0.00%$257.230%
156OSKOSHKOSH CORP1,645$206.66K0.00%$125.630%
157DISDISNEY WALT CO1,810$205.92K0.00%$113.77REDUCE-5.9%
158CVXCHEVRON CORP NEW1,350$205.75K0.00%$152.41REDUCE-18.3%
159VOTVANGUARD INDEX FDS700$195.40K0.00%$279.140%
160PDXPIMCO DYNAMIC INCOME STRATEG10,000$187.80K0.00%$18.780%
161ACWIISHARES TR1,092$154.51K0.00%$141.490%
162NUVNUVEEN MUN VALUE FD INC14,854$134.58K0.00%$9.06NEW
163IWMISHARES TR533$131.20K0.00%$246.160%
164SGOVISHARES TR400$40.15K0.00%$100.38NEW
165INDAISHARES TR600$32.43K0.00%$54.050%
166EUFNISHARES TR600$22.25K0.00%$37.090%
167IEURISHARES TR46$3.27K0.00%$70.980%

Positions exited in Q4 2025

TickerIssuerPrior shares
RSPINVESCO EXCHANGE TRADED FD T1,469
EFAISHARES TR468
IWRISHARES TR1,000
USHYISHARES TR3,795
LHXL3HARRIS TECHNOLOGIES INC713
QCOMQUALCOMM INC1,266
NOWSERVICENOW INC340
TSMTAIWAN SEMICONDUCTOR MFG LTD1,185
BTXBLACKROCK TECH AND PRIVATE E0
EBAYEBAY INC.0
ETENERGY TRANSFER L P0
FMSFRESENIUS MEDICAL CARE AG0
HDHOME DEPOT INC0
INTUINTUIT0
CFGCITIZENS FINL GROUP INC15,702
KVUEKENVUE INC0
LYGLLOYDS BANKING GROUP PLC0
OTEXOPEN TEXT CORP0
SAPIENS INTL CORP N V0
SYKSTRYKER CORPORATION0
VSTSVESTIS CORPORATION0
BMYBRISTOL-MYERS SQUIBB CO0
ETSYETSY INC0
INTCINTEL CORP0
EEMISHARES TR0
ACWXISHARES TR0
IGFISHARES TR0
ITAISHARES TR0
LPLALPL FINL HLDGS INC0
ZTSZOETIS INC0
LWLAMB WESTON HLDGS INC0
TRNTRINITY INDS INC0
VOOVANGUARD INDEX FDS0
VTIVANGUARD INDEX FDS0
TMUST-MOBILE US INC0
NVST 1.75 08/15/28ENVISTA HOLDINGS CORPORATION0
FLSFLOWSERVE CORP0
IWDISHARES TR0
IJRISHARES TR0
GDGENERAL DYNAMICS CORP0
LBTYALIBERTY GLOBAL LTD0
SNRENSUNRISE COMMUNICATIONS AG0
FANGDIAMONDBACK ENERGY INC0
DSIISHARES TR0
ESGDISHARES TR0
IBDSISHARES TR0
SEGSEAPORT ENTMT GROUP INC0
CSCOCISCO SYS INC0
FITBFIFTH THIRD BANCORP0
PHINPHINIA INC0
FERGFERGUSON PLC NEW0
GLPIGAMING & LEISURE PPTYS INC0
REYNREYNOLDS CONSUMER PRODS INC0
VBVANGUARD INDEX FDS0
VWOVANGUARD INTL EQUITY INDEX F0
VPLVANGUARD INTL EQUITY INDEX F0
VGKVANGUARD INTL EQUITY INDEX F0
CMICUMMINS INC0
IBDQISHARES TR0
IBDPISHARES TR0
IBDRISHARES TR0
VUGVANGUARD INDEX FDS0
VOVANGUARD INDEX FDS0
HWMHOWMET AEROSPACE INC0
SPGIS&P GLOBAL INC0
SEGSEAPORT ENTMT GROUP INC0
PINSPINTEREST INC0
MANMANPOWERGROUP INC WIS0
BRK/ABERKSHIRE HATHAWAY INC DEL0
APY1EURCHAMPIONX CORPORATION0
GLIBAGCI LIBERTY INC2,000
GLIBKGCI LIBERTY INC354,597
GILGILDAN ACTIVEWEAR INC0
MSIMOTOROLA SOLUTIONS INC469
CRICARTERS INC11,700
CDNSCADENCE DESIGN SYSTEM INC790
BKNGBOOKING HOLDINGS INC46
MOALTRIA GROUP INC0
AAGILENT TECHNOLOGIES INC0
ACVAACV AUCTIONS INC3,804,814
BLKCHFBLACKROCK INC0
BECNUSDBEACON ROOFING SUPPLY INC0
CWKCUSHMAN WAKEFIELD PLC2,310,494
ULUNILEVER PLC0
SWSMURFIT WESTROCK PLC0
APTVAPTIV PLC0
TELTE CONNECTIVITY LTD0
KOCOCA COLA CO3,190
CPRICAPRI HOLDINGS LIMITED0
HONHONEYWELL INTL INC1,015
IPGINTERPUBLIC GROUP COS INC493,971

Source: SEC EDGAR 13F-HR filing Feb 17, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0000813917.