Bill Nygren Harris Associates
Bill Nygren is a portfolio manager at Harris Associates and a long-time lead voice behind the Oakmark family of funds. He is known for a value philosophy that seeks growing businesses at discounts to intrinsic value rather than statistically cheap “cigar butts” alone. Nygren’s shareholder letters are popular for clear explanations of valuation, portfolio changes, and long-term equity ownership.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$1.67B |
| 2 |
General Motors
GM
|
+$1.64B |
| 3 |
Intel
INTC
|
+$1.59B |
| 4 |
JPMorgan Chase
JPM
|
+$1.3B |
| 5 |
FedEx
FDX
|
+$1.29B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.02% |
| 2 | Technology | 16.93% |
| 3 | Industrials | 15.98% |
| 4 | Consumer Discretionary | 14.73% |
| 5 | Energy | 10.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Willis Towers Watson
WTW
$31.8B
| $577M | 1.21% |
+5,343,387
| New | +$566M |
|
27
Rockwell Automation
ROK
$48.5B
| $532M | 1.12% |
+6,399,003
| New | +$553M |
|
28
Labcorp
LH
$27.3B
| $529M | 1.11% |
+6,155,318
| New | +$511M |
|
29
Philip Morris
PM
$293B
| $523M | 1.1% |
+6,042,042
| New | +$561M |
|
|
QVCGA
30
DELISTED
QVC Group Inc Series A
QVCGA
| $505M | 1.06% |
+534,733
| New | +$483M |
|
|
BHI
31
DELISTED
Baker Hughes
BHI
| $488M | 1.02% |
+10,576,589
| New | +$484M |
|
32
Check Point Software Technologies
CHKP
$13.3B
| $482M | 1.01% |
+9,706,000
| New | +$467M |
|
|
HOT
33
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $473M | 0.99% |
+7,482,202
| New | +$486M |
|
|
DTV
34
DELISTED
DIRECTV COM STK (DE)
DTV
| $459M | 0.96% |
+7,454,833
| New | +$447M |
|
35
Diageo
DEO
$52.6B
| $452M | 0.95% |
+3,935,700
| New | +$476M |
|
|
FRX
36
DELISTED
FOREST LABORATORIES INC
FRX
| $434M | 0.91% |
+10,583,900
| New | +$409M |
|
37
Boeing
BA
$169B
| $429M | 0.9% |
+4,186,069
| New | +$398M |
|
|
TRW
38
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $420M | 0.88% |
+6,319,934
| New | +$381M |
|
|
SNI
39
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $402M | 0.84% |
+6,018,733
| New | +$404M |
|
|
CMCSK
40
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $400M | 0.84% |
+10,089,623
| New | +$400M |
|
|
TIF
41
DELISTED
Tiffany & Co.
TIF
| $400M | 0.84% |
+5,487,564
| New | +$409M |
|
42
Northrop Grumman
NOC
$78.3B
| $396M | 0.83% |
+4,783,500
| New | +$372M |
|
43
Flowserve
FLS
$10.1B
| $388M | 0.81% |
+7,181,700
| New | +$389M |
|
44
ExxonMobil
XOM
$679B
| $387M | 0.81% |
+4,283,890
| New | +$385M |
|
45
Aflac
AFL
$58.2B
| $378M | 0.79% |
+13,019,420
| New | +$353M |
|
|
XEC
46
DELISTED
CIMAREX ENERGY CO
XEC
| $377M | 0.79% |
+5,796,772
| New | +$412M |
|
47
Principal Financial Group
PFG
$23.7B
| $363M | 0.76% |
+9,680,200
| New | +$354M |
|
|
FDO
48
DELISTED
FAMILY DOLLAR STORES
FDO
| $356M | 0.75% |
+5,708,095
| New | +$354M |
|
49
Tenet Healthcare
THC
$22.6B
| $355M | 0.75% |
+7,707,378
| New | +$345M |
|
|
OCR
50
DELISTED
OMNICARE INC
OCR
| $353M | 0.74% |
+7,398,287
| New | +$331M |
|
Similar funds
Bill Nygren's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Bill Nygren, which disclosed 191 positions worth $47.6B. Its ten largest holdings account for 29% of the portfolio.
Its largest position is Oracle: 50,319,721 shares worth $1.55B.
By sector, the portfolio is most concentrated in Financials at 23% of assets, followed by Technology and Industrials.
- Bill Nygren's largest Q2 2013 buy was Oracle: 50,319,721 shares worth $1.55B.
- Bill Nygren's ten largest holdings make up 29% of its $47.6B portfolio in Q2 2013.
- Bill Nygren disclosed 191 positions in Q2 2013, its first 13F filing on record.
Based on Harris Associates's 13F filing for Q2 2013, filed 12 Aug 2013.