Harris Associates

Overview

Harris Associates is a Chicago-based investment management firm founded in 1976, specializing in value investing across U.S., international, and global equity strategies, as well as U.S. fixed income strategies. The firm manages assets for institutional and high-net-worth investors worldwide, with approximately $96 billion under management as of June 30, 2025. Harris Associates is known for its disciplined, bottom-up research process and a consistent investment philosophy that focuses on investing in businesses trading at a significant discount to their intrinsic value. The firm's investment approach emphasizes long-term capital appreciation by identifying quality companies with strong growth prospects and owner-oriented management teams. Harris Associates is an affiliate of Natixis Investment Managers, a global asset management firm, and serves as the adviser to the Oakmark Funds, a mutual fund family that utilizes a long-term value investment approach. The Oakmark Funds' assets under management totaled approximately $56 billion as of December 31, 2024. The firm's portfolio managers, including Bill Nygren, Robert Bierig, and Michael Nicolas, are known for their value investing expertise and have been recognized for their contributions to the field. Harris Associates' commitment to value investing and its research-driven investment process have earned it a reputation as a leader in the industry, with a focus on delivering long-term investment performance for its clients.

Investment Focus

• Minimum investment of $5 million
• Focus on growth and buyout stages
• Geographical focus on select countries
• Interest in multiple industries including technology, healthcare, and consumer goods