Harris Associates

What Harris Associates does

Harris Associates L.P. is a Chicago-based, SEC-registered investment management firm founded in 1976 that applies a long-term, concentrated value investing philosophy across U.S., global, and international equities as well as balanced and fixed income mandates. The firm is the investment adviser to the Oakmark family of funds, comprising nine mutual funds (Oakmark, Select, Global, Global Select, International, International Small Cap, Equity and Income, and Bond), three Oakmark ETFs (U.S. Large Cap, International Large Cap, Global Large Cap), and dedicated strategies accessed through separate accounts, commingled vehicles, sub-advisory arrangements, and a private wealth management practice. Its investment process centers on intensive fundamental research, intrinsic-value estimation, and concentrated 15-25 stock portfolios held with a stated five-to-seven year horizon.

The firm's revenue model is asset-based advisory fees on approximately $105 billion in total firm AUM as of March 31, 2026, generated across institutional, high-net-worth, financial advisor, and retail client segments, with no publicly disclosed pricing. Distribution is multi-channel: direct-to-consumer via the 1-800-OAKMARK phone line and oakmark.com for Oakmark Funds, direct sales for separate accounts and commingled vehicles, sub-advisory on third-party platforms, ETF marketplace distribution through Foreside Fund Services, and marketing support from Natixis Distribution, LLC. Harris Associates Securities L.P., a wholly owned FINRA-member subsidiary, serves as broker-dealer distributor for the Oakmark Funds.

Harris Associates operates as an indirect subsidiary of Natixis Investment Managers, retaining autonomous investment decision-making while leveraging the parent's distribution infrastructure and global reach. The firm is in the midst of a formalized leadership transition, with Alex Fitch appointed Co-CIO U.S. effective June 30, 2026, Robert Bierig elevated to Deputy Chairman the same date, and Jeremy Thames and Alex Frey promoted to Portfolio Manager and Director of International Research respectively on December 31, 2026, alongside Tony Coniaris and Bill Nygren stepping back from select co-portfolio management responsibilities.

Name

Harris Associates

Legal name

Harris Associates L.P.

Website

https://harrisassoc.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

51–100 employees

Short description

Harris Associates is a Chicago-based, SEC-registered value investment manager founded in 1976 and the adviser to the Oakmark fund family, managing approximately $105 billion in AUM across U.S., global, and international equity and balanced strategies for institutional, high-net-worth, and retail clients.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Other Financial Vehicles (52599)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)

akta.pro secondary industries

Large-Cap Equity (Active) (FSAAAIAA), Private Banking & UHNW Wealth Advisory (FSAEABAC)

Keywords

• Value investing
• Equity mutual funds
• Asset management
• Investment advisory
• Portfolio management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Advisory Fees on Assets Under Management: Harris Associates earns investment advisory fees based on assets under management across its various strategies including separate accounts, commingled vehicles, and the Oakmark mutual funds. Total firm AUM is approximately $105 billion as of March 31, 2026.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Harris Associates is an investment management firm that delivers value-oriented equity and balanced investment strategies primarily through the Oakmark Funds family, which includes nine mutual funds (U.S. equity, global equity, international equity, balanced, and fixed income), three ETFs, and institutional services such as separate accounts, commingled vehicles, and sub-advisory relationships. The firm manages approximately $105 billion in assets under management as of March 31, 2026, applying intensive fundamental research and a long-term intrinsic-value approach with five-to-seven-year investment horizons.

Product overview

Harris Associates, through its Oakmark Funds family, offers a comprehensive platform of investment products and services. The core offering includes nine mutual funds spanning U.S. equity (Oakmark Fund, Oakmark Select Fund), global equity (Oakmark Global Fund, Oakmark Global Select Fund), international equity (Oakmark International Fund, Oakmark International Small Cap Fund), balanced allocation (Oakmark Equity and Income Fund), and fixed income (Oakmark Bond Fund). Additionally, the firm provides three ETF products (Oakmark U.S. Large Cap ETF, Oakmark International Large Cap ETF, Oakmark Global Large Cap ETF) for investors seeking exchange-traded exposure to its value investing approach. Beyond the fund family, Harris Associates offers separate accounts, commingled vehicles, sub-advisory services, and private wealth management, allowing institutional clients, financial advisors, and high-net-worth individuals to access the firm's disciplined, long-term value investing philosophy through various investment vehicles and structures.

Differentiator

Problem solved

Functional benefit

Products and services

• Oakmark Fund

Quantifiable outcome

• Oakmark Fund 5-year return of 117% (September 2019 - September 2024) for investor who bought during market selloff
• +1 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor.

• Foreside Fund Services, LLCminorChannel Partner/ Reseller/ DistributorForeside Fund Services, LLC serves as the distributor for the Oakmark ETFs. Harris Associates L.P. and Harris Associates Securities L.P. are not affiliated with Foreside Fund Services, LLC.
• Natixis Distribution, LLCminorChannel Partner/ Reseller/ DistributorNatixis Distribution, LLC (Member FINRA | SIPC) is a marketing agent for the Oakmark Funds and Oakmark ETFs.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Dodge & Cox: Dodge & Cox is a long-tenured, employee-owned San Francisco-based active value manager running U.S. and international equity strategies for institutional and retail clients. It is one of the closest pure-play comparable firms to Harris in philosophy, vehicle mix, and client base.
• Tweedy, Browne Company: Tweedy, Browne is an employee-owned global value manager offering mutual funds and managed accounts with a deep-value, contrarian approach. Closely comparable in philosophy and client mix.
• Third Avenue Management: Third Avenue runs concentrated, deep-value mutual funds and SMAs with intensive fundamental research. Its concentrated mandate and value-driven philosophy are directly comparable to Harris/Oakmark.
• Ariel Investments: Ariel is an employee-owned active value manager offering mutual funds and separate accounts focused on U.S. mid- and small-cap value. Comparable as a fundamentals-driven, employee-owned active value manager with institutional and retail reach.
• Longleaf Partners: Longleaf Partners is an active value manager running concentrated mutual fund portfolios with a long-term horizon. Its concentrated, fundamentals-first approach and mutual-fund-led distribution mirror Harris/Oakmark's strategy.
• Pzena Investment Management: Pzena is a publicly traded classic value manager running concentrated global, international, and U.S. value strategies for institutional and retail clients. Comparable in philosophy, vehicle mix, and client segmentation to Harris.

Broad incumbents

• MFS Investment Management: MFS is a large, Boston-based active manager (subsidiary of Sun Life) offering global, international, and U.S. equity mutual funds and institutional mandates. Comparable in active equity focus, mutual fund-led distribution, and subsidiary ownership structure.
• Franklin Templeton: Franklin Templeton is a global asset manager with deep active equity and value capabilities (including the legacy Legg Mason value franchises) across mutual funds, ETFs, and institutional vehicles. Comparable as a broad incumbent with active value exposure.
• American Century Investments: American Century is a large, diversified mutual fund complex offering active equity, fixed income, and multi-asset strategies to retail and institutional clients. Comparable as a broad incumbent active manager with mutual fund-led distribution.

Emerging players

• Gabelli Funds: Gabelli is a value-focused asset manager offering mutual funds, closed-end funds, and SMAs with a research-driven, contrarian approach. Comparable in niche value orientation and U.S.-focused active equity exposure.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/harris-associates
• Xx.com/harrisoakmark

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Harris Associates