Superworth
Bill Nygren
Harris Associates (Oakmark)Intrinsic value
Value investor buying companies below intrinsic value with owner-minded managers.
- US stock portfolio
- $75.2B
- Positions
- 162
- Quarter
- Q2 2026
- 13F filed with the SEC
- In its top 10
- 31%
- Active share
- 85%
- different from S&P 500 Value
- Turnover a year
- 5%
- Median holding
- 3.3 yrs
How the picks did
Beat its closest index (mostly the S&P 500) by 0.3 pts a year over 5 years (20 quarters).
How this is measured
Each 13F report is held from the week it was filed to the week of the next, priced weekly without dividends, and compared with the price of an ETF tracking the index it was closest to that quarter. No shorts, cash, bonds or options. Small and delisted companies we do not price are left out, and a quarter counts only when 70% or more of the portfolio is priced. Past results say nothing about future ones.
13F shows US long stock positions only, filed up to 45 days after the quarter.
Largest holdings
Each tile's size is its share of the portfolio at the end of Q2 2026. Green was bought or added to that quarter, red trimmed.
What changed in Q2 2026
Its bets against S&P 500 Value
Holds much more than the index
Holds much less, or none
Funds it runs
- Net assets
- $24B
- Stocks
- 57
- Active share
- 87%
TRGP 3%, DAL 3%, KDP 3%
- Net assets
- $12.4B
- Stocks
- 56
- Active share
- 88%
BNP Paribas SA 4%, adidas AG 3%, COMP 3%
- Net assets
- $8.3B
- Stocks
- 22
- Active share
- 95%
KDP 8%, CRM 6%, FCNCA 6%
- Net assets
- $5.8B
- Stocks
- 51
- Active share
- 88%
GOOG 3%, KDP 3%, RGA 2%
- Net assets
- $1.9B
- Stocks
- 55
- Active share
- 88%
BNP Paribas SA 3%, adidas AG 3%, COMP 3%
- Net assets
- $1.2B
- Stocks
- 63
- Active share
- 96%
Atea ASA 3%, Julius Baer Group Ltd 3%, Convatec Group PLC 3%
- Net assets
- $1.2B
- Stocks
- 72
- Active share
- 72%
NVDA 6%, GOOG 5%, AMZN 4%
- Net assets
- $1.1B
- Stocks
- 53
- Active share
- 94%
Samsung Electronics Co Ltd 4%, IQV 3%, BNP Paribas SA 3%
- Net assets
- $1B
- Stocks
- 38
- Active share
- 88%
C 4%, KDP 4%, DAL 4%
- Net assets
- $1B
- Stocks
- 386
- Active share
- 65%
TSM 4%, ASML 2%, SHEL 1%
- Net assets
- $1B
- Stocks
- 676
- Active share
- 27%
ASML 3%, BNP Paribas SA 1%, AZN 1%
- Net assets
- $964.7M
- Stocks
- 1003
- Active share
- 58%
ASML 3%, Samsung Electronics Co Ltd 2%, TSM 2%
By sector
Every position, Q2 2026
| Company | Share of portfolio | Value | Change |
|---|---|---|---|
| KDPKeurig Dr Pepper | 4.04% | $3B | trimmed |
| ABNBAirbnb | 3.59% | $2.7B | trimmed |
| CRMSalesforce | 3.37% | $2.5B | added |
| IQVIQVIA | 3.13% | $2.4B | added |
| COFCapital One Financial | 3.07% | $2.3B | added |
| GOOGLAlphabet | 2.98% | $2.2B | trimmed |
| SCHWCharles Schwab | 2.97% | $2.2B | added |
| ICEIntercontinental Exchange | 2.96% | $2.2B | added |
| TRGPTarga Resources | 2.83% | $2.1B | trimmed |
| FCNCAFirst Citizens BancShares | 2.55% | $1.9B | trimmed |
| ELVElevance Health | 2.53% | $1.9B | added |
| DALDelta Air Lines | 2.16% | $1.6B | trimmed |
| COPConocoPhillips | 2.10% | $1.6B | trimmed |
| MRKMerck | 2.06% | $1.6B | trimmed |
| WTWWillis Towers Watson Public | 2.05% | $1.5B | trimmed |
| AIGAmerican International | 2.02% | $1.5B | trimmed |
| MRSHMarsh & McLennan Companies | 1.93% | $1.4B | added |
| CTVACorteva | 1.84% | $1.4B | trimmed |
| SYYSysco | 1.81% | $1.4B | added |
| BACBank of America | 1.75% | $1.3B | added |
| CCitigroup | 1.63% | $1.2B | trimmed |
| ALLYAlly Financial | 1.60% | $1.2B | trimmed |
| EFXEquifax | 1.57% | $1.2B | trimmed |
| AMZNAmazon.com | 1.48% | $1.1B | trimmed |
| ZBHZimmer Biomet | 1.46% | $1.1B | trimmed |
| FISVFiserv | 1.45% | $1.1B | added |
| UNPUnion Pacific | 1.39% | $1B | added |
| GMGeneral Motors | 1.35% | $1B | trimmed |
| RGAReinsurance Group of America | 1.33% | $996.1M | trimmed |
| GEHCGE HealthCare Technologies | 1.31% | $981.3M | trimmed |
| AERAerCap | 1.25% | $941.8M | added |
| GPNGlobal Payments | 1.25% | $937M | added |
| WFCWells Fargo | 1.20% | $900.2M | trimmed |
| CBRECBRE | 1.08% | $810M | trimmed |
| STTState Street | 1.08% | $808.2M | trimmed |
| NFLXNetflix | 1.05% | $786.5M | added |
| SUNBSunbelt Rentals | 1.04% | $782.6M | trimmed |
| CDWCDW | 1.04% | $779.6M | added |
| Icon PUB | 1.03% | $776.2M | added |
| AMRZAmrize | 0.99% | $745.7M | added |
| CGCarlyle | 0.99% | $743.7M | added |
| CRBGCorebridge Financial | 0.96% | $719.5M | added |
| CNCCentene | 0.95% | $714.1M | trimmed |
| GOOGAlphabet | 0.91% | $684.5M | added |
| MASMasco | 0.90% | $676.9M | trimmed |
| ROPRoper Technologies | 0.89% | $668.1M | added |
| CNHCNH Industrial | 0.88% | $663.3M | added |
| NDAQNasdaq | 0.85% | $637.9M | added |
| TELTE Connectivity | 0.82% | $614.5M | added |
| NKENIKE | 0.79% | $591.3M | trimmed |
| ADBEAdobe | 0.77% | $580M | added |
| SYFSynchrony Financial | 0.75% | $566.3M | added |
| RJFRaymond James Financial | 0.75% | $561.6M | added |
| LADLithia Motors | 0.74% | $556.4M | trimmed |
| CRLCharles River Laboratories International | 0.68% | $508.3M | added |
| GPCGenuine Parts | 0.57% | $431.1M | trimmed |
| STZConstellation Brands | 0.57% | $430.8M | trimmed |
| PAYCPaycom Software | 0.57% | $427M | added |
| FBINFortune Brands Innovations | 0.56% | $418.9M | added |
| EQHEquitable | 0.55% | $416.4M | added |
| ITGartner | 0.49% | $369M | trimmed |
| BDXBecton, Dickinson and | 0.47% | $355.8M | added |
| ACNAccenture | 0.46% | $343.1M | trimmed |
| MDLZMondelez International | 0.42% | $319.3M | trimmed |
| PSXPhillips 66 | 0.40% | $297.2M | trimmed |
| BKNGBooking | 0.37% | $277.6M | new |
| ACNAccenture call options | 0.35% | $263.8M | new |
| CPNGCoupang | 0.33% | $248.3M | added |
| VVisa | 0.32% | $244.2M | trimmed |
| MOHMolina Healthcare | 0.29% | $219M | trimmed |
| DEDeere | 0.26% | $198.6M | trimmed |
| Fomento Economico Mexicano S | 0.26% | $197.2M | trimmed |
| CMCSAComcast | 0.23% | $176.1M | trimmed |
| OCOwens Corning | 0.23% | $174.1M | added |
| BCBrunswick | 0.21% | $161.2M | trimmed |
| HLNHaleon | 0.21% | $157.1M | added |
| ABMABM Industries | 0.17% | $128.8M | added |
| Warner Bros Discovery | 0.17% | $128.1M | trimmed |
| MTNVail Resorts | 0.14% | $104.1M | added |
| ORCLOracle | 0.13% | $95.4M | trimmed |
| Liberty Broadband | 0.12% | $87.8M | trimmed |
| NVSTEnvista | 0.10% | $72.6M | trimmed |
| THOThor Industries | 0.09% | $69.4M | trimmed |
| AXPAmerican Express | 0.09% | $68.8M | trimmed |
| HCAHCA Healthcare | 0.08% | $60.1M | trimmed |
| MPCMarathon Petroleum | 0.08% | $58.6M | trimmed |
| COOCooper Companies | 0.07% | $55M | new |
| MAMastercard | 0.07% | $51.9M | trimmed |
| RYAAYRyanair | 0.07% | $51.2M | trimmed |
| WENWendy's | 0.06% | $46.3M | trimmed |
| ALSNAllison Transmission | 0.06% | $45.4M | trimmed |
| WMGWarner Music | 0.06% | $43.6M | added |
| BLKBlackRock | 0.06% | $42.9M | trimmed |
| AAPLApple | 0.05% | $38M | trimmed |
| CVSCVS Health | 0.05% | $34.7M | trimmed |
| CIGIColliers International | 0.04% | $33.2M | added |
| EOGEOG Resources | 0.04% | $31.8M | trimmed |
| ZGNErmenegildo Zegna | 0.04% | $31.7M | trimmed |
| KKRKKR | 0.04% | $31.6M | trimmed |
| HLTHilton Worldwide | 0.04% | $28.2M | trimmed |
The largest 100 of 162 positions.
About these numbers
A 13F lists a manager's US stock positions at the end of a quarter and is filed up to 45 days later. It leaves out shorts, cash, bonds and most non-US holdings, so it is a picture of the stock book, not the whole firm. The filings on SEC EDGAR