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 | |
|---|---|---|---|---|---|---|
51
Snap-on
SNA
$20.3B
| $337M | 0.71% |
+3,773,775
| New | +$331M |
|
|
AMTD
52
DELISTED
TD Ameritrade Holding Corp
AMTD
| $329M | 0.69% |
+13,540,310
| New | +$294M |
|
53
Goldman Sachs
GS
$303B
| $321M | 0.67% |
+2,124,705
| New | +$324M |
|
54
CVS Health
CVS
$119B
| $315M | 0.66% |
+5,513,713
| New | +$319M |
|
55
BorgWarner
BWA
$13.8B
| $289M | 0.61% |
+7,621,876
| New | +$268M |
|
56
Lear
LEA
$8.56B
| $281M | 0.59% |
+4,654,154
| New | +$269M |
|
57
Omnicom Group
OMC
$24B
| $276M | 0.58% |
+4,392,834
| New | +$269M |
|
58
Ovintiv
OVV
$18.5B
| $274M | 0.58% |
+3,240,829
| New | +$300M |
|
59
Cummins
CMI
$80.9B
| $273M | 0.57% |
+2,520,119
| New | +$286M |
|
60
Quest Diagnostics
DGX
$27B
| $259M | 0.54% |
+4,274,700
| New | +$255M |
|
61
US Bancorp
USB
$96.7B
| $259M | 0.54% |
+7,154,021
| New | +$245M |
|
62
McDonald's
MCD
$192B
| $256M | 0.54% |
+2,585,438
| New | +$259M |
|
|
FL
63
DELISTED
Foot Locker
FL
| $252M | 0.53% |
+7,176,605
| New | +$247M |
|
|
HSP
64
DELISTED
HOSPIRA INC
HSP
| $249M | 0.52% |
+6,491,831
| New | +$219M |
|
65
Unilever
UL
$138B
| $241M | 0.51% |
+5,294,929
| New | +$252M |
|
66
CarMax
KMX
$8.82B
| $240M | 0.5% |
+5,189,615
| New | +$236M |
|
67
PENN Entertainment
PENN
$2.5B
| $237M | 0.5% |
+19,799,524
| New | +$250M |
|
|
VAR
68
DELISTED
Varian Medical Systems, Inc.
VAR
| $231M | 0.48% |
+3,902,989
| New | +$234M |
|
|
COV
69
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $226M | 0.47% |
+4,055,678
| New | +$235M |
|
70
Microsoft
MSFT
$3.59T
| $224M | 0.47% |
+6,476,199
| New | +$212M |
|
71
Autoliv
ALV
$9.18B
| $210M | 0.44% |
+3,773,972
| New | +$204M |
|
72
Range Resources
RRC
$9.59B
| $203M | 0.43% |
+2,629,458
| New | +$201M |
|
73
Home Depot
HD
$335B
| $196M | 0.41% |
+2,527,435
| New | +$190M |
|
74
Alphabet (Google) Class C
GOOG
$4.18T
| $195M | 0.41% |
+8,907,503
| New | +$188M |
|
|
SPLS
75
DELISTED
Staples Inc
SPLS
| $194M | 0.41% |
+12,214,700
| New | +$175M |
|
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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.