Harbor Capital Appreciation Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Harbor Capital Appreciation Fund held 45 positions with $25.42B in net assets. Its ten largest holdings made up 58.7% of the fund. The HACAX share class costs 0.67% a year. Over the 12 months to May 2026, HACAX returned 22.8%, with dividends reinvested. In 2026 Q3 it added 9 new positions and exited 4.
The Fund seeks long-term growth of capital.
The fund is managed by a subadvisor that employs a bottom-up stock-picking approach, selecting U.S. companies with market capitalizations of at least $1 billion that the subadvisor believes have above-average growth prospects, superior earnings and sales growth, strong profitability, and defensible competitive advantages. The subadvisor integrates environmental, social and governance research into its process where material to valuation. The fund may hold up to 20% of assets in foreign securities, including those in emerging markets, and currently maintains substantial exposure to information technology.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 10.73% | $2.73B | 13.7M | $199.57 |
AMZNAmazon.com Inc | 8.39% | $2.13B | 8.1M | $265.06 |
AVGOBroadcom Inc | 7.91% | $2.01B | 4.8M | $417.43 |
AAPLApple Inc | 6.44% | $1.64B | 6.0M | $271.35 |
MSFTMicrosoft Corp | 5.44% | $1.38B | 3.4M | $407.78 |
GOOGAlphabet Inc | 4.68% | $1.19B | 3.1M | $381.94 |
GOOGLAlphabet Inc | 4.45% | $1.13B | 2.9M | $384.80 |
4.14% | $1.05B | 1.1M | $934.60 | |
3.76% | $956.51M | 1.6M | $611.91 | |
TSLATesla Inc | 2.76% | $701.47M | 1.8M | $381.63 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 45 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.81% |
By sector
- Information Technology
- 48.4%
- Communication Services
- 13.9%
- Consumer Discretionary
- 12.2%
- Health Care
- 7.8%
- 5 other sectors
- 17.7%
- Information Technology
- 48.4%
- Communication Services
- 13.9%
- Consumer Discretionary
- 12.2%
- Health Care
- 7.8%
- Financials
- 6.3%
- Industrials
- 4.8%
- Consumer Staples
- 2.9%
- International
- 2.9%
- Utilities
- 0.7%
How it has done
HACAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 18.98%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.67% | +22.76% | +95.11% | +77.27% | -13.70% | |
| 0.92% | +22.45% | +93.70% | +75.13% | -13.80% | |
| 1.01% | +22.34% | +93.06% | +74.18% | -13.83% | |
| 0.59% | +22.83% | +95.58% | +77.99% | -13.68% |
These classes hold the same portfolio, so the 3.81pp spread over 5 years is the cost difference between them — roughly 0.76pp a year — not a difference in what they own.
Fees & fund details
Harbor Capital Appreciation Fund is an actively managed U.S. equity fund. 36% of HACAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 97% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.59% – 1.01%· HACAX 0.67%
- Portfolio turnover
- 28.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
9 new· the largest 8
4 exited
Understand how this fund fits with the rest.
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