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Bill Nygren Harris Associates
AUM
$75.4B
Turnover
12.87%
1-Year Est. Return
14.46%
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.
This Fund
S&P 500
This Quarter Est. Return
+7.73%
1 Year Est. Return
+14.46%
3 Year Est. Return
+51.56%
5 Year Est. Return
+71.24%
10 Year Est. Return
+347.3%
AUM
$75.4B
AUM Growth
+$391M
(+0.52%)
Cap. Flow
-$2.78B
Cap. Flow % of AUM
Cap. Flow %
-3.68%
Top 10 Holdings %
Top 10 Hldgs %
31.37%
Holding
171
New
13
Increased
51
Reduced
84
Closed
9
Avg Time Held
Equity + Options
4.7
years
Top 10 Avg Time Held
Equity + Options
2
years
Top 20 Avg Time Held
Equity + Options
1.7
years
Avg Time Held Equity only
4.7
years
Top 10 Avg Time Held Equity only
2
years
Top 20 Avg Time Held Equity only
1.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marsh
MRSH
|
+$588M |
| 2 |
Sysco
SYY
|
+$400M |
| 3 |
Equitable Holdings
EQH
|
+$396M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$375M |
| 5 |
Booking.com
BKNG
|
+$266M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Phillips 66
PSX
|
+$1.27B |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$766M |
| 3 |
Warner Bros
WBD
|
+$759M |
| 4 |
Charter Communications
CHTR
|
+$650M |
| 5 |
Marathon Petroleum
MPC
|
+$633M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.51% |
| 2 | Healthcare | 14.39% |
| 3 | Industrials | 11.71% |
| 4 | Technology | 10.08% |
| 5 | Consumer Discretionary | 9.95% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Adobe
ADBE
$99.3B
| $580M | 0.77% |
2,829,066
+535,245
| +23% | +$127M |
2026 Q1
1 quarter
|
|
52
Synchrony
SYF
$24.1B
| $566M | 0.75% |
7,446,335
+2,787,334
| +60% | +$205M |
2026 Q1
1 quarter
|
|
53
Raymond James Financial
RJF
$29.9B
| $562M | 0.74% |
3,693,787
+268,466
| +8% | +$40.8M |
2026 Q1
1 quarter
|
|
54
Lithia Motors
LAD
$5.92B
| $556M | 0.74% |
1,915,329
-41,308
| -2% | -$11.7M |
2022 Q1
17 quarters
|
|
55
Charles River Laboratories
CRL
$16.5B
| $508M | 0.67% |
2,241,144
+87,848
| +4% | +$15.6M |
2025 Q2
4 quarters
|
|
56
Genuine Parts
GPC
$17.2B
| $431M | 0.57% |
3,653,725
-280,271
| -7% | -$29.3M |
2024 Q3
7 quarters
|
|
57
Constellation Brands
STZ
$22.3B
| $431M | 0.57% |
3,097,056
-136,211
| -4% | -$20.2M |
2025 Q1
5 quarters
|
|
58
Paycom
PAYC
$11.8B
| $427M | 0.57% |
3,397,446
+139,672
| +4% | +$18.2M |
2023 Q4
10 quarters
|
|
59
Fortune Brands Innovations
FBIN
$4.89B
| $419M | 0.56% |
7,629,819
+250,805
| +3% | +$10M |
2022 Q3
15 quarters
|
|
|
60
Equitable Holdings
EQH
$14.8B
| $416M | 0.55% |
9,489,037
+9,460,792
| +33,495% | +$396M |
2026 Q1
1 quarter
|
|
61
Gartner
IT
$13.9B
| $369M | 0.49% |
2,846,799
-288,975
| -9% | -$43.5M |
2025 Q4
2 quarters
|
|
62
Becton Dickinson
BDX
$52.9B
| $356M | 0.47% |
2,350,963
+128,924
| +6% | +$19.3M |
2024 Q4
6 quarters
|
|
63
Accenture
ACN
$147B
| $343M | 0.45% |
2,757,314
-134,588
| -5% | -$23.4M |
2026 Q1
1 quarter
|
|
64
Mondelez International
MDLZ
$80.1B
| $319M | 0.42% |
5,520,536
-110,920
| -2% | -$6.68M |
2025 Q1
5 quarters
|
|
|
65
Phillips 66
PSX
$116B
| $297M | 0.39% |
1,757,891
-7,376,537
| -81% | -$1.27B |
2023 Q3
11 quarters
|
|
|
66
Booking.com
BKNG
$119B
| $278M | 0.37% |
+1,557,503
| New | +$266M |
2026 Q2
0 quarters
|
|
|
67
CALL
Accenture
ACN
$147B
| $264M | 0.35% |
+2,120,000
| New | +$368M |
2026 Q2
0 quarters
|
|
68
Coupang
CPNG
$24.9B
| $248M | 0.33% |
14,296,823
+4,314,969
| +43% | +$77.9M |
2026 Q1
1 quarter
|
|
69
Visa
V
$766B
| $244M | 0.32% |
711,659
-5,601
| -0.8% | -$1.8M |
2013 Q2
52 quarters
|
|
70
Molina Healthcare
MOH
$11.2B
| $219M | 0.29% |
957,500
-20,647
| -2% | -$3.74M |
2025 Q1
5 quarters
|
|
71
Deere & Co
DE
$172B
| $199M | 0.26% |
313,034
-205,456
| -40% | -$119M |
2024 Q1
9 quarters
|
|
72
Fomento Económico Mexicano
FMX
$43.6B
| $197M | 0.26% |
1,541,584
-702,036
| -31% | -$84.6M |
2025 Q3
3 quarters
|
|
73
Comcast
CMCSA
$78.4B
| $176M | 0.23% |
7,173,464
-19,274,599
| -73% | -$497M |
2013 Q2
52 quarters
|
|
74
Owens Corning
OC
$8.87B
| $174M | 0.23% |
1,095,517
+180,124
| +20% | +$21.9M |
2025 Q2
4 quarters
|
|
75
Brunswick
BC
$4.24B
| $161M | 0.21% |
1,913,396
-319,885
| -14% | -$25.6M |
2023 Q3
11 quarters
|
|
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Bill Nygren's Q2 2026 Portfolio in Review
As of Q2 2026, Bill Nygren held 171 positions worth $75.4B, up 0.52% from $75B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Bill Nygren withdrew a net $2.78B in Q2 2026, closing 9 positions and reducing 84 holdings. Its most notable exit was Flutter Entertainment, an estimated $115M position sold in full.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Bill Nygren opened a new position in Booking.com worth $278M.
- Bill Nygren's largest Q2 2026 buy was Booking.com: 1,557,503 shares worth $278M.
- Bill Nygren added most to Marsh in Q2 2026, an estimated $588M increase.
- Bill Nygren's biggest Q2 2026 reduction was Phillips 66, cutting an estimated $1.27B.
- Bill Nygren fully exited Flutter Entertainment in Q2 2026, selling an estimated $115M.
- Bill Nygren's ten largest holdings make up 31% of its $75.4B portfolio in Q2 2026.
- Bill Nygren opened 13 new positions and closed 9 in Q2 2026.
- Bill Nygren's portfolio value rose 0.52% quarter-over-quarter to $75.4B.
Based on Harris Associates's 13F filing for Q2 2026, filed 14 Aug 2026.