{
  "generatedAt": "2026-10-22T03:46:57Z",
  "disclaimer": "Analysis and opinion, not investment advice.",
  "kind": "person",
  "slug": "harris-associates-oakmark",
  "name": "Harris Associates Oakmark",
  "role": "Harris Associates L.P.",
  "url": "https://deepstack.ltd/people/harris-associates-oakmark/",
  "api": "https://deepstack.ltd/api/v1/entities/people/harris-associates-oakmark.json",
  "summary": "Harris Associates Oakmark is named in 2 Parts of The Buildout, most recently Part 17: The Guarantee Has No Date. Argued in Part 15 (The two shocks compound), Part 17 (The cash flows cover it).",
  "parts": [
    {
      "part": 15,
      "headline": "Oil Is the Headline. The Real Yield Is the Bill.",
      "url": "https://deepstack.ltd/stories/oil-is-the-headline-the-real-yield-is-the-bill/"
    },
    {
      "part": 17,
      "headline": "The Guarantee Has No Date",
      "url": "https://deepstack.ltd/stories/the-guarantee-has-no-date/"
    }
  ],
  "numbers": [],
  "mentions": [
    {
      "part": 17,
      "section": "The cash flows cover it",
      "excerpt": "Harris Associates Oakmark wrote in its third-quarter 2026 letter that it holds bonds of Meta, Alphabet, Amazon and Oracle for their wider spreads and lower leverage than the investment-grade market.",
      "url": "https://deepstack.ltd/stories/the-guarantee-has-no-date/"
    }
  ],
  "sides": [
    {
      "part": 15,
      "question": null,
      "side": "the-two-shocks-compound",
      "sideLabel": "The two shocks compound",
      "claim": "Heavy new bond issuance from technology hyperscalers investing in AI infrastructure is pressuring bond prices and increasing yields.",
      "date": null,
      "url": null,
      "linkVerified": false,
      "storyUrl": "https://deepstack.ltd/stories/oil-is-the-headline-the-real-yield-is-the-bill/",
      "sidesUrl": "https://deepstack.ltd/sides/oil-is-the-headline-the-real-yield-is-the-bill/"
    },
    {
      "part": 17,
      "question": null,
      "side": "the-cash-flows-cover-it",
      "sideLabel": "The cash flows cover it",
      "claim": "The portfolio is positioned in bonds of highly profitable hyperscaler technology companies (Meta, Alphabet, Amazon, Oracle, SpaceX), taking advantage of wider spreads and lower leverage compared to the broader investment-grade market.",
      "date": null,
      "url": "https://fiscal.ai/fund-letters/harris-associates-oakmark-q3-2026-fscl_document_2QRD4GKW375",
      "linkVerified": true,
      "storyUrl": "https://deepstack.ltd/stories/the-guarantee-has-no-date/",
      "sidesUrl": "https://deepstack.ltd/sides/the-guarantee-has-no-date/"
    }
  ],
  "coverage": null,
  "lastUpdated": "2026-10-22"
}