Oracle Corporation (ORCL), General Motors Company (GM), Intel Corporation (INTC): Harris Associates’ Most Valuable Holdings

In its latest 13F filing, Harris Associates, which is wholly owned by Natixis Global Asset Management, has disclosed its equity portfolio held as of the end of the second quarter of 2014. The portfolio contains 257 positions, with a total market value of $59.4 billion. In this article, we are going to take a look at the top three equity positions from Harris Associates’ latest 13F filing.

Oracle Corporation (NYSE:ORCL)

The first-largest holding is Oracle Corporation (NYSE:ORCL), in which Harris Associates increased its stake to 70.42 million shares from 68.46 million shares held previously. The reported value of the holding is $2.9 billion. Last month, the company said it signed an agreement to acquire TOA Technologies, a provider of cloud-based field service solutions. In addition, Oracle Corporation (NYSE:ORCL) said it agreed to acquire MICROS Systems Inc. (NASDAQ:MCRS), which provides integrated software and hardware solutions to the hospitality and retail industries. The deal is expected to close in the second half of 2014.

Aside from Harris Associates, Eagle Capital Management, led by Boykin Curry, and Jean-Marie Eveillard’s First Eagle Investment Management. The first hedge fund disclosed ownership of 45.47 million shares, while second fund holds 33.22 million shares of the company.

Next on the list is General Motors Company (NYSE:GM), in which the fund revealed a $2.6 billion stake, containing 71.11 million shares. Previously, the fund owned 63.54 million shares of General Motors Company (NYSE:GM). Shares of the company rose by 0.74% to $33.95 on Wednesday. Among other investors, Berkshire Hathaway, managed by Warren Buffett, disclosed owning 30 million shares of General Motors Company (NYSE:GM), and Frank Brosens’ Taconic Capital reported holding 13.23 million shares.

Intel Corporation (NASDAQ:INTC) is occupying the third position. Harris Associates reduced its stake in the company to 67.56 million shares from 66.86 million shares the fund reported previously. Intel Corporation (NASDAQ:INTC), a designer and builder of the essential technologies for computing devices, has a market cap of $168.8 billion. Intel Corporation (NASDAQ:INTC) has earlier agreed to acquire LSI’s Axxia Networking Business and related assets from Avago Technologies Limited for $650 million in cash. The transaction is anticipated to close in the fourth calendar quarter of 2014, according to a press release.

Other significant shareholders of Intel Corporation (NASDAQ:INTC) include Fisher Asset Management, managed by Ken Fisher, and Renaissance Technologies, led by Jim Simons, holding 39.54 million shares, and 17.33 million shares of the company.

Disclosure: none

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