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About Harris Associates
Industries
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
1976
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.
Simplify's Take
What believers are saying
- $114 billion AUM enables intensive research across US and global equities.
- Employees invested over $1 billion in Oakmark Funds as of September 2025.
- Historical Morningstar rankings placed four Oakmark funds in top 2% over five years.
What critics are saying
- Mike Manelli retires July 1, 2025, disrupting international fund continuity.
- Clyde McGregor exited multiple funds December 31, 2023, signaling talent instability.
- Natixis ownership imposes strategic shifts eroding Harris autonomy.
What makes Harris Associates unique
- Harris uses proprietary intrinsic value model valuing intangibles for 30% discounts.
- Benchmark-agnostic bottom-up process builds 40-60 stock portfolios with high active share.
- Targets shareholder-oriented managers growing per-share value long-term.
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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
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
Harris Associates launches Brixton Junction by Node co-living scheme.
Harris Associates has launched 'The Collection', a portfolio of five assets and 795 beds, in chronically undersupplied student markets around the UK.
Harris Associates L P acquired a new stake in Centene in the third quarter valued at $274,274,000.
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.
Harris Associates is Hiring for 9 Jobs on Simplify!
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About Harris Associates
Industries
Financial Services
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
1976
Harris Associates is Hiring for 9 Jobs on Simplify!
Find jobs on Simplify and start your career today