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Funds (13F)

Harris Associates L P

Backtest from 16 Aug 2013 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+14.3%
S&P 500 +14.1%
Last 12 months
+20.8%
S&P 500 +12.1%
Sharpe ratio
0.68
S&P 500 0.78
Biggest drop
−40.5%
S&P 500 −31.8%
$10.0k$20.0k$40.0k 2013201520172019202120232025 $58.7k$57.0k
Harris Associates L PS&P 500 $10,000 in Harris Associates L P from 16 Aug 2013 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Harris Associates L P's quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Harris Associates L P's 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+14.3%+14.1%
Total return+487%+470%
Last 12 months+20.8%+12.1%
Last 3 months+6.6%—
Last month+7.7%—
This year so far+13.0%—
Volatility a year19.5%16.0%
Sharpe ratio0.680.78
Biggest drop−40.5%−31.8%
Beta to the S&P 5001.111.00
Alpha a year (t-statistic)−0.6% (−0.25)—
Share of weeks up60%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
KDP4.1%——
ABNB3.6%——
CRM3.4%——
IQV3.2%——
COF3.1%——
GOOGL3.0%——
SCHW3.0%——
ICE3.0%——
TRGP2.9%——
FCNCA2.6%——
ELV2.6%——
DAL2.2%——
COP2.1%——
MRK2.1%——
WTW2.1%——
AIG2.0%——
MRSH2.0%——
CTVA1.9%——
SYY1.8%——
BAC1.8%——
C1.6%——
ALLY1.6%——
EFX1.6%——
AMZN1.5%——
ZBH1.5%——
FISV1.5%——
UNP1.4%——
GM1.4%——
RGA1.4%——
GEHC1.3%——
AER1.3%——
GPN1.3%——
WFC1.2%——
CBRE1.1%——
STT1.1%——
NFLX1.1%——
SUNB1.1%——
CDW1.1%——
ICLR1.1%——
AMRZ1.0%——
CG1.0%——
CRBG1.0%——
CNC1.0%——
MAS0.9%——
ROP0.9%——
CNH0.9%——
NDAQ0.9%——
TEL0.8%——
NKE0.8%——
ADBE0.8%——
SYF0.8%——
RJF0.8%——
LAD0.8%——
CRL0.7%——
GPC0.6%——
STZ0.6%——
PAYC0.6%——
FBIN0.6%——
EQH0.6%——
IT0.5%——
BDX0.5%——
ACN0.5%——
MDLZ0.4%——
PSX0.4%——
BKNG0.4%——
CPNG0.3%——
V0.3%——
MOH0.3%——
DE0.3%——
CMCSA0.2%——
OC0.2%——
BC0.2%——
HLN0.2%——
ABM0.2%——
MTN0.1%——
ORCL0.1%——
NVST0.1%——
THO0.1%——
AXP0.1%——
HCA0.1%——
MPC0.1%——
COO0.1%——
MA0.1%——
RYAAY0.1%——
WEN0.1%——
ALSN0.1%——
WMG0.1%——
BLK0.1%——
AAPL0.1%——
CVS0.1%——
CIGI0.0%——
EOG0.0%——
ZGN0.0%——
KKR0.0%——
HLT0.0%——
GS0.0%——
MSFT0.0%——
ALV0.0%——
CWK0.0%——
WDAY0.0%——
CCK0.0%——
OPLN0.0%——
TXN0.0%——
CHTR0.0%——
BWA0.0%——
BIRK0.0%——
WAT0.0%——
BNY0.0%——
META0.0%——
DOV0.0%——
NVDA0.0%——
JPM0.0%——
CAT0.0%——
CSL0.0%——
LEA0.0%——
BABA0.0%——
AMAT0.0%——
PM0.0%——
JCI0.0%——
TFC0.0%——
MCO0.0%——
AVGO0.0%——
HRI0.0%——
ABBV0.0%——
LLY0.0%——
AMD0.0%——
THC0.0%——
BX0.0%——
DHR0.0%——
WMT0.0%——
COST0.0%——
PH0.0%——
PEP0.0%——
UL0.0%——
SAP0.0%——
INTC0.0%——
OSK0.0%——
IDXX0.0%——
CVX0.0%——
PG0.0%——
MU0.0%——
PUK0.0%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest16 Aug 2013 to 2 Nov 2026+14.3%+14.1%0.680.78−40.5%1.11−0.6% (−0.25)
2018 onwards5 Jan 2018 to 2 Nov 2026+12.8%+13.9%0.540.66−40.5%1.09−1.3% (−0.41)
Last three years3 Nov 2023 to 2 Nov 2026+19.5%+21.8%0.981.16−15.5%0.76+2.1% (0.36)
Last year7 Nov 2025 to 2 Nov 2026+22.4%+14.2%1.350.84−9.1%0.45+12.3% (1.07)
DateCompanyAction
21 Aug 2026PUKBought
21 Aug 2026MUBought
21 Aug 2026INTCBought
21 Aug 2026COOBought
21 Aug 2026BKNGBought
21 Aug 2026BIRKBought
21 Aug 2026AMDBought
22 May 2026WATBought
22 May 2026ULBought
22 May 2026SYFBought
22 May 2026SUNBBought
22 May 2026SAPBought
22 May 2026ROPBought
22 May 2026RJFBought
22 May 2026MRSHBought
22 May 2026HLNBought
22 May 2026EQHBought
22 May 2026CPNGBought
22 May 2026ADBEBought
22 May 2026ACNBought
20 Feb 2026PANWBought
20 Feb 2026OMCBought
20 Feb 2026ITBought
20 Feb 2026CWKBought
20 Feb 2026BXBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026FLUTSold
22 May 2026UNHSold
22 May 2026TMOSold
22 May 2026PUKSold
22 May 2026PANWSold
22 May 2026OMCSold
22 May 2026MGASold
22 May 2026MCDSold
22 May 2026MBCSold
22 May 2026KRSold
22 May 2026HHHSold
22 May 2026HDBSold
22 May 2026DISSold
22 May 2026CSXSold
22 May 2026CESold
22 May 2026BAXSold
22 May 2026APTVSold
22 May 2026APASold
22 May 2026AONSold
22 May 2026AMDSold
22 May 2026ADPSold
22 May 2026ABTSold
20 Feb 2026TSMSold
20 Feb 2026QCOMSold
20 Feb 2026NOWSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest