Harbor Capital Appreciation Fund Institutional Class
HACAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 111 South Wacker Drive Chicago IL United States of America 60606
- IPO Date
- Dec 29, 1987
- CIK
- 0000793769
- Website
- harborcapital.com
- Similar Companies
- Business
- Harbor Capital Appreciation Fund Institutional Class (HACAX) is an open-end mutual fund that seeks long-term growth of capital primarily through investments in equity securities of larger established companies believed to possess above-average prospects for growth, including common and preferred stocks, convertible securities, warrants, and cash equivalents; the fund employs a bottom-up, research-intensive process focusing on companies with durable competitive advantages, strong earnings and cash flow growth potential, skilled management, balance sheet strength, and attractive valuations over a 3-to-5-year horizon, resulting in a diversified portfolio with sector allocations such as information technology (approximately 35%), consumer discretionary (20%), and communication services (20%) as of late 2024, benchmarked against the Russell 1000 Growth Index. The Institutional Class shares, with a net expense ratio of 0.68% and gross expense ratio of 0.72% (subject to waivers through February 2025), feature a minimum investment typically suited for institutional and high-net-worth investors, while related share classes include Investor, Administrative, and Retirement variants offered through Harbor Funds. Managed by Jennison Associates LLC since May 1990—a partnership spanning over five decades—under a team led by Kathleen McCarragher (Head of Growth Equity), Blair Boyer, Natasha Kuhlkin, and Owuraka Koney (added July 2025), the fund maintains low portfolio turnover (around 28-50%) and holds top positions in leading growth names like NVIDIA, Amazon.com, Microsoft, Apple, and Meta Platforms. Launched on December 29, 1987, and domiciled in the United States with total net assets exceeding $29 billion as of mid-2025, the fund operates globally through its equity holdings, primarily targeting U.S. large-cap growth equities across developed markets, and is part of the Harbor Funds complex headquartered in Chicago, Illinois. Recent developments include strategic portfolio adjustments such as the elimination of the Trade Desk (TTD) position in Q3 2025 due to slowing growth and competitive pressures, ongoing management enhancements with Owuraka Koney joining the team in July 2025, and sustained outperformance in quarterly commentaries for Q2 and Q3 2025 amid strong returns in core growth sectors, alongside N-PORT filings revealing tactical shifts in high-conviction holdings during mid-2025.