Harris Associates L.P. is a Chicago-based investment firm founded in 1976 by Victor Morgenstern, operating as a subsidiary of Natixis Investment Managers while maintaining full control over investment decisions. The firm manages $93.75 billion in discretionary assets serving 2,347 clients through concentrated equity strategies and the Oakmark mutual fund family. Led by experienced professionals including Tony Coniaris (Co-Chairman, Co-CIO International), Bill Nygren (CIO-U.S.), and David Herro (Co-CIO International), the firm is registered with the SEC (CRD# 169810) and maintains extensive regulatory filings demonstrating institutional credibility and transparency.

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Harris Associates employs a disciplined value investing philosophy focused on long-term intrinsic value rather than short-term market volatility. The firm seeks businesses priced at substantial discounts to intrinsic value, companies with expected long-term per-share growth, and management teams that act like owners. Their approach centers on fundamental research and concentrated positions in highest-conviction opportunities, typically maintaining 20-30 large-cap positions. The investment process emphasizes bottom-up idea generation through generalist analysts conducting research across industries, with ideas vetted by the investment committee before portfolio construction.

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