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 |
Deere & Co
DE
|
+$1.23B |
| 2 |
Centene
CNC
|
+$473M |
| 3 |
Paycom
PAYC
|
+$468M |
| 4 |
Kenvue
KVUE
|
+$358M |
| 5 |
Charter Communications
CHTR
|
+$347M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KKR & Co
KKR
|
+$926M |
| 2 |
HCA Healthcare
HCA
|
+$510M |
| 3 |
Amazon
AMZN
|
+$489M |
| 4 |
Capital One
COF
|
+$387M |
| 5 |
Meta Platforms (Facebook)
META
|
+$360M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.51% |
| 2 | Communication Services | 13.48% |
| 3 | Technology | 9.87% |
| 4 | Healthcare | 9.44% |
| 5 | Consumer Discretionary | 9.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Comcast
CMCSA
$95.3B
| $894M | 1.45% |
20,621,125
+1,747,338
| +9% | +$75.4M |
|
27
Citigroup
C
$221B
| $890M | 1.44% |
14,071,565
+3,481,191
| +33% | +$194M |
|
28
Ally Financial
ALLY
$13.1B
| $856M | 1.38% |
21,078,276
-2,397,400
| -10% | -$87.6M |
|
29
First Citizens BancShares
FCNCA
$24.7B
| $841M | 1.36% |
514,632
+13,764
| +3% | +$20.7M |
|
30
Corteva
CTVA
$54.6B
| $734M | 1.19% |
12,725,183
+3,713,481
| +41% | +$192M |
|
|
31
Paycom
PAYC
$10.3B
| $675M | 1.09% |
3,393,155
+2,446,824
| +259% | +$468M |
|
32
APA Corp
APA
$15.2B
| $665M | 1.08% |
19,335,699
+3,630,006
| +23% | +$115M |
|
33
Lithia Motors
LAD
$8.15B
| $620M | 1% |
2,060,973
+36,266
| +2% | +$10.7M |
|
34
TE Connectivity
TEL
$58.9B
| $618M | 1% |
4,252,116
-410,969
| -9% | -$57.6M |
|
35
Oracle
ORCL
$422B
| $612M | 0.99% |
4,871,823
-706,356
| -13% | -$80.8M |
|
36
Blackrock
BLK
$179B
| $610M | 0.99% |
731,322
-60,176
| -8% | -$48.3M |
|
37
Masco
MAS
$14.5B
| $608M | 0.98% |
7,703,566
-2,065,628
| -21% | -$149M |
|
38
Ryanair
RYAAY
$28.9B
| $540M | 0.87% |
9,267,750
-3,631,730
| -28% | -$197M |
|
|
IPG
39
DELISTED
Interpublic Group of Companies
IPG
| $538M | 0.87% |
16,499,712
-752,820
| -4% | -$24.4M |
|
|
BNY
40
Bank of New York Mellon
BNY
$108B
| $533M | 0.86% |
9,253,673
+476,309
| +5% | +$26.2M |
|
41
State Street
STT
$51.4B
| $521M | 0.84% |
6,744,042
+298,921
| +5% | +$22.2M |
|
42
Cisco
CSCO
$438B
| $520M | 0.84% |
10,417,572
-535,708
| -5% | -$26.7M |
|
43
Altria Group
MO
$110B
| $477M | 0.77% |
10,937,341
+796,681
| +8% | +$33M |
|
44
Goldman Sachs
GS
$303B
| $461M | 0.75% |
1,102,856
-75,816
| -6% | -$29.4M |
|
45
Reinsurance Group of America
RGA
$15.9B
| $454M | 0.73% |
2,353,282
+359,184
| +18% | +$62.7M |
|
46
Danaher
DHR
$154B
| $432M | 0.7% |
1,729,637
-1,238,291
| -42% | -$302M |
|
47
Baxter International
BAX
$13.6B
| $426M | 0.69% |
9,972,284
+717,338
| +8% | +$29.2M |
|
48
Corebridge Financial
CRBG
$14.2B
| $417M | 0.67% |
14,520,676
-1,592,455
| -10% | -$39.3M |
|
49
Truist Financial
TFC
$61.6B
| $407M | 0.66% |
10,444,111
+104,237
| +1% | +$3.81M |
|
50
Open Text
OTEX
$5.97B
| $392M | 0.63% |
10,085,517
-1,055,790
| -9% | -$42.5M |
|
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Bill Nygren's Q1 2024 Portfolio in Review
As of Q1 2024, Bill Nygren held 150 positions worth $61.8B, up 6.5% from $58B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Bill Nygren's Q1 2024 filing shows 7 new, 34 increased, 84 reduced and 17 closed positions. Its largest new stake was Deere & Co: 3,216,792 shares worth $1.32B. The largest sale was KKR & Co, an estimated $926M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 34% a quarter earlier, followed by Communication Services and Technology.
- Bill Nygren's largest Q1 2024 buy was Deere & Co: 3,216,792 shares worth $1.32B.
- Bill Nygren added most to Centene in Q1 2024, an estimated $473M increase.
- Bill Nygren's biggest Q1 2024 reduction was KKR & Co, cutting an estimated $926M.
- Bill Nygren fully exited Nasdaq in Q1 2024, selling an estimated $1.22M.
- Bill Nygren's ten largest holdings make up 34% of its $61.8B portfolio in Q1 2024.
- Bill Nygren opened 7 new positions and closed 17 in Q1 2024.
- Bill Nygren's portfolio value rose 6.5% quarter-over-quarter to $61.8B.
Based on Harris Associates's 13F filing for Q1 2024, filed 15 May 2024.