What Harris Associates L.P. does

Harris Associates L.P. is a Chicago-based, value-focused investment manager founded in 1976 as a partnership and operating as an indirect subsidiary of Natixis Investment Managers under autonomous management. The firm manages approximately $106 billion in assets under management as of June 30, 2026 across U.S. equity, global equity, international equity, and balanced strategies, delivered through multiple vehicles including the Oakmark family of mutual funds (eight funds spanning U.S. large-cap, global, international, international small cap, equity and income, and fixed income), three Oakmark ETFs, separate accounts, commingled vehicles, and sub-advisory services. Its investment approach is built on an intensive, checklist-driven fundamental research process with a 5-7 year horizon, seeking businesses trading at significant discounts to intrinsic value with management teams that act like owners, and integrating ESG analysis into the fundamental framework rather than running it as a standalone strategy.

Harris Associates generates revenue primarily through investment advisory and management fees charged on AUM across its vehicles, supplemented by distribution-related economics from Harris Associates Securities LLC, a FINRA-registered broker-dealer that distributes the Oakmark Funds. The firm serves three explicit client segments: high-net-worth individuals and families (Private Wealth Management), financial advisors and wealth management practices, and institutional investors plus consultants such as endowments, foundations, and pension funds. Distribution combines direct institutional and wealth relationships, advisor networks, sub-advisory wrappers for platforms, and ETF availability through brokerage channels. Marketing is anchored by content (News + Insights, quarterly commentaries, portfolio manager interviews), media appearances on CNBC and Bloomberg TV, and a 50-year brand under the Harris | Oakmark identity.

Operationally, the firm is led by a deep, long-tenured investment team including William C. Nygren (joined 1983, Partner and Co-CIO U.S.), Tony Coniaris (joined 1999, Partner, Chairman, and Co-CIO International Equities), David G. Herro (Co-CIO International Equities), Alex Fitch (Co-CIO U.S. and Director of U.S. Research), Eric Liu, and Justin Hance, with portfolio construction supported by Director of Research roles in both U.S. and international equities and a Head of Fixed Income (Adam D. Abbas) overseeing the Oakmark Bond Fund and Oakmark Equity and Income Fund. The firm recently transitioned following Clyde McGregor's retirement after 46 years.

Name

Harris Associates L.P.

Legal name

Harris Associates L.P.

Website

https://harrisassoc.com

Company type

Private

Founded year

1976

Operating status

Operating

Short description

Harris Associates L.P. is a Chicago-based value investment manager founded in 1976, managing approximately $106 billion across mutual funds, ETFs, separate accounts, commingled vehicles, and sub-advisory services for high-net-worth individuals, financial advisors, and institutional clients.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910)

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

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

Keywords

• Value investing
• Equity management
• Asset management
• Mutual funds
• Wealth management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Advisory Fees: Harris Associates generates revenue through investment advisory and management fees charged on assets under management across its various investment vehicles including separate accounts, commingled vehicles, mutual funds, and ETFs. Fees are typically calculated as a percentage of AUM and vary by vehicle type and client segment.
2. Distribution Fees (Oakmark Funds): Harris Associates Securities LLC, a registered broker-dealer and FINRA member, serves as the distributor of the Oakmark Funds. Revenue is generated through distribution-related arrangements with the fund family.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Harris Associates is a value-focused investment management firm managing approximately $106 billion in equity (U.S., global, international) and balanced (equity and fixed income) portfolios. The firm offers investment management services through Separate Accounts, Commingled Vehicles, Sub-Advisory Services, the Oakmark family of mutual funds (eight funds), and Oakmark ETFs (three ETFs). It serves high-net-worth individuals, financial advisors, and institutional investors via three client segments: Private Wealth Management, Financial Advisors, and Institutions + Consultants.

Product overview

Harris Associates L.P. is a value-focused global asset manager offering a comprehensive suite of investment products and services. The firm manages the Oakmark family of mutual funds (including Oakmark, Select, Global, Global Select, International, International Small Cap, Equity and Income, and Bond Funds) and ETFs (Oakmark U.S. Large Cap ETF, International Large Cap ETF, and Global Large Cap ETF). Investment vehicles include Separate Accounts, Commingled Vehicles, and Sub-Advisory Services. Strategies span U.S. Equity, Global Equity, and International Equity. Services target high-net-worth individuals, families, financial advisors, and institutional investors. The firm manages approximately $106 billion in assets under management (as of June 30, 2026) and operates as an autonomous subsidiary of Natixis Investment Managers.

Differentiator

Problem solved

Functional benefit

Brands

• Oakmark: Family of mutual funds managed by Harris Associates using a value-focused investment approach. Includes Oakmark, Oakmark Select, Oakmark Global, Oakmark Global Select, Oakmark International, Oakmark International Small Cap, Oakmark Equity and Income, and Oakmark Bond.

Products and services

• Oakmark Fund

Quantifiable outcome

• Active share typically exceeds 89% versus benchmarks, indicating highly differentiated portfolios
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Ariel Investments: Chicago-based active value manager running mutual funds (Ariel, Ariel Focus, Ariel International, Ariel Global) with a deep-value, long-term approach targeting individual and institutional clients — direct peer in geography and strategy.
• Tweedy, Browne Company: Long-standing deep-value global equity manager offering mutual funds and advisory accounts with a highly concentrated, benchmark-agnostic portfolio approach — directly comparable to Harris's value philosophy and active-share profile.
• Longleaf Partners (Southeastern Asset Management): Concentrated, value-oriented equity manager offering mutual funds (Longleaf Partners, Small-Cap, International, Global) with a long-term, owner-minded approach that mirrors the Oakmark Funds' investment philosophy.
• Dodge & Cox: San Francisco-based active value manager running a concentrated fund family (Stock, Balanced, International Stock, etc.) with a long-tenured, research-driven approach — closely analogous to Harris/Oakmark in style, vehicle mix, and client base.
• Lazard Asset Management: Global active asset manager offering international, global, and U.S. equity strategies including value-tilted mandates, distributed through institutional and intermediary channels similar to Harris's three-segment GTM.
• First Pacific Advisors: Diversified active manager offering mutual funds and separate accounts with concentrated value and quality strategies, overlapping with Harris's mix of equity and balanced funds.

Broad incumbents

• T. Rowe Price: Global asset manager with deep value, equity, fixed income, and multi-asset funds competing head-to-head with the Oakmark Funds across institutional, advisor, and retail segments.
• Franklin Templeton: Diversified global asset manager offering value-oriented equity funds and ETFs (e.g., Mutual series) that compete with Oakmark Funds in advisor and institutional channels.
• American Century Investments: Large diversified active asset manager offering mutual funds and ETFs across value, growth, and blended strategies — broad incumbent competing with Oakmark Funds in retail and advisor channels.
• Janus Henderson Investors: Global active asset manager offering value and international equity strategies distributed via intermediaries and institutions, overlapping with Harris's GTM segments and product range.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

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 L.P.