Harris Associates

Harris Associates

Value investing asset manager

Overview

Harris Associates focuses on value investing and builds client portfolios by identifying companies trading below their intrinsic value and viewing each stock as ownership in a business. The process analyzes long-term quality, cash flow, and capital allocation to select holdings expected to grow value over time, then maintains positions through market ups and downs. It differentiates itself with a disciplined, long-term approach, emphasis on treating stocks as business ownership, and a collaborative culture that prioritizes client outcomes over short-term performance. The goal is to deliver attractive, long-term returns for clients by investing in quality businesses at prices below their intrinsic value using a steady, well-defined process.

About Harris Associates

Simplify's Rating
Why Harris Associates is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

201-500

Company Stage

N/A

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

1976

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Simplify's Take

What believers are saying

  • Morningstar named OAKM one of 2026’s best active ETFs on March 4.
  • Harris announced April 2, 2026 promotions for Alex Fitch and Jeremy Thames.
  • OAKM holds $1.05 billion and runs with a fee waiver through January 27, 2027.

What critics are saying

  • Michael Mangan exited May 1, 2026, exposing key-person fragility in Oakmark International.
  • Bill Nygren steps off Oakmark Select December 31, 2026, testing franchise continuity.
  • Oakmark Fund trailed the S&P 500 in second quarter 2026, inviting client redemptions.

What makes Harris Associates unique

  • Oakmark’s value process buys businesses, not tickers, since Bill Nygren’s long tenure.
  • April 2, 2026 updates show deep internal succession, not external hires.
  • Oakmark ETFs and mutual funds share one research engine across asset classes.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Profit Sharing

401(k) Retirement Plan

Tuition Reimbursement

Commuter Benefits

Wellness Program

Company News

PR Newswire
Mar 7th, 2025
Harris | Oakmark Announces Portfolio Manager Retirement And Adds To International Equity Leadership

CHICAGO, March 7, 2025 /PRNewswire/ -- After two decades of distinguished service, Mike Manelli, Partner and co-portfolio manager of the Oakmark International Fund and the Oakmark International Small Cap Fund, will retire at year-end 2025 and will relinquish his co-portfolio manager duties effective July 1, 2025.Mr. Manelli is leaving the firm for personal reasons. "My wife has a genetic kidney disease (PKD). Unfortunately, the disease has progressed at a much more rapid pace than we had hoped, and we are now actively in the process of seeking a kidney donor for her. While I'm disappointed to be departing at this time, it's been a privilege to work with the international team for the past 20 years. I am confident the team will continue its long history of success

BTR News
Jul 16th, 2024
Harris Associates launches Brixton Junction by Node co-living scheme

Harris Associates launches Brixton Junction by Node co-living scheme.

Global Student Living (GSL)
Jun 19th, 2024
Harris Associates launches sale of nationwide PBSA portfolio

Harris Associates has launched 'The Collection', a portfolio of five assets and 795 beds, in chronically undersupplied student markets around the UK.

Slater Sentinel
Apr 5th, 2024
Centene Co. (NYSE:CNC) Shares Acquired by Nilsine Partners LLC

Harris Associates L P acquired a new stake in Centene in the third quarter valued at $274,274,000.

BTR News
Oct 4th, 2023
Reinventing Real Estate podcast: Harris Associates talks to Watkin Jones

Innovative investment agency Harris Associates has recently launched its 'Reinventing Real Estate' podcast, hosted by Head of Co-Living Jenna Harris and Head of Student Accommodation Jamie Harris, to discuss the current trends and the future of the property sector by interviewing the titans of the UK marketplace.

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