HARRIS ASSOCIATES L P

HARRIS ASSOCIATES L P declares $8.3B in 19 of the 230 AI and semiconductor companies tracked on Silicon Floor, as of Jun 30, 2026 (Form 13F): 11.0% of its $75.4B 13F portfolio. Largest positions: Alphabet (0.07% of the company) and Salesforce (2.0% of the company). Over time: $8.3B in 19 of these companies for Q2 2026, against $9.1B in 14 for Q4 2019 (13F values as filed). From Mar 31, 2026 to Jun 30, 2026, it bought $373.8M and sold $440.6M of these stocks, at the quarter's prices: a net sale of $66.8M; 3 new positions.

Performance of its AI picks

The AI-stock portfolio HARRIS ASSOCIATES L P declared for Q2 2026 (Form 13F), held unchanged, returned +17.3% in Q3 2026 (SMH -7.1%), ranked 12 of 1,785 active managers. Over the last 12 months, quarter after quarter: +15.3% (SMH +87.2%), ranked 1259 of 1,360 active managers. Over three years, quarter after quarter: +113.5% (SMH +325.8%). Over five years, quarter after quarter: +103.4% (SMH +389.8%). Trades made during a quarter are not visible in 13F filings: this measures its declared picks, not the return of its funds.

Largest positions

1. Alphabet (GOOGL): $2.9B, 8.2M shares, 0.07% of the company, 3.9% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
2. Salesforce (CRM): $2.5B, 16.2M shares, 2.0% of the company, 3.4% of its portfolio (added this quarter); held since Q1 2021
3. Amazon (AMZN): $1.1B, 4.7M shares, 0.04% of the company, 1.5% of its portfolio (trimmed this quarter); held since Q4 2021
4. TE Connectivity (TEL): $614.5M, 3.0M shares, 1.1% of the company, 0.81% of its portfolio (added this quarter); held since Q4 2019 or earlier
5. Adobe (ADBE): $580.0M, 2.8M shares, 0.73% of the company, 0.77% of its portfolio (added this quarter); held since Q1 2026
6. Accenture (ACN): $343.1M, 2.8M shares, 0.46% of the company, 0.45% of its portfolio (trimmed this quarter); held since Q1 2026
7. Oracle (ORCL): $95.4M, 650,879 shares, 0.02% of the company, 0.13% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
8. Apple (AAPL): $38.0M, 131,305 shares, 0.00% of the company, 0.05% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
9. Microsoft (MSFT): $25.6M, 68,612 shares, 0.00% of the company, 0.03% of its portfolio (added this quarter); held since Q4 2019 or earlier
10. Texas Instruments (TXN): $13.8M, 46,260 shares, 0.01% of the company, 0.02% of its portfolio (trimmed this quarter); held since Q4 2019 or earlier
11. Meta Platforms (META): $2.6M, 4,655 shares, 0.00% of the company, 0.00% of its portfolio (added this quarter); held since Q4 2019 or earlier
12. NVIDIA (NVDA): $2.5M, 12,475 shares, 0.00% of the company, 0.00% of its portfolio (added this quarter); held since Q3 2024
13. Caterpillar (CAT): $2.0M, 1,840 shares, 0.00% of the company, 0.00% of its portfolio; held since Q4 2019 or earlier
14. Applied Materials (AMAT): $1.4M, 1,945 shares, 0.00% of the company, 0.00% of its portfolio (trimmed this quarter); held since Q2 2025
15. Johnson Controls (JCI): $1.1M, 7,350 shares, 0.00% of the company, 0.00% of its portfolio; held since Q4 2019 or earlier

By sector

• Cloud & AI giants: $4.1B, 49% of its AI holdings, 5 companies
• AI software: $3.5B, 43% of its AI holdings, 4 companies
• Interconnect: $614.5M, 7% of its AI holdings, 1 company
• Chips & compute: $17.7M, 0% of its AI holdings, 5 companies
• Power, electrical & cooling: $3.0M, 0% of its AI holdings, 2 companies
• Equipment & test: $1.4M, 0% of its AI holdings, 1 company
• Memory & storage: $207,772.00, 0% of its AI holdings, 1 company

Biggest changes this quarter

• trimmed Alphabet (GOOGL): -$384.5M at the quarter's price
• added to Salesforce (CRM): +$193.2M at the quarter's price
• added to Adobe (ADBE): +$109.7M at the quarter's price
• added to TE Connectivity (TEL): +$46.7M at the quarter's price
• trimmed Amazon (AMZN): -$25.6M at the quarter's price
• added to Microsoft (MSFT): +$23.1M at the quarter's price
• trimmed Accenture (ACN): -$16.7M at the quarter's price
• trimmed Oracle (ORCL): -$13.1M at the quarter's price
• opened a position in AMD (AMD): +$508,296.00 at the quarter's price
• trimmed Texas Instruments (TXN): -$372,587.00 at the quarter's price

Other holders of this size

• TCW GROUP INC: $8.2B in 116 of these companies
• COMMERCE BANK: $8.4B in 122 of these companies
• Hudson Bay Capital Management LP: $8.1B in 102 of these companies
• TD Waterhouse Canada Inc.: $8.4B in 173 of these companies
• EXCHANGE TRADED CONCEPTS, LLC: $8.1B in 163 of these companies
• Pacer Advisors, Inc.: $8.5B in 163 of these companies
• FLOSSBACH VON STORCH SE: $8.0B in 18 of these companies
• NISA INVESTMENT ADVISORS, LLC: $8.6B in 208 of these companies

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