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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 | |
|---|---|---|---|---|---|---|---|
76
Haleon
HLN
$44.1B
| $157M | 0.21% |
16,833,252
+1,801,211
| +12% | +$16.7M |
2026 Q1
1 quarter
|
|
77
ABM Industries
ABM
$3.06B
| $129M | 0.17% |
2,912,307
+30,163
| +1% | +$1.24M |
2022 Q2
16 quarters
|
|
|
78
DELISTED
Warner Bros
WBD
| $128M | 0.17% |
4,803,194
-28,070,845
| -85% | -$759M |
2022 Q3
15 quarters
|
|
79
Vail Resorts
MTN
$5.24B
| $104M | 0.14% |
764,385
+18,827
| +3% | +$2.45M |
2023 Q1
13 quarters
|
|
80
Oracle
ORCL
$391B
| $95.4M | 0.13% |
650,879
-89,646
| -12% | -$16.2M |
2013 Q2
52 quarters
|
|
81
DELISTED
Liberty Broadband Class C
LBRDK
| $87.8M | 0.12% |
2,638,832
-1,389,895
| -34% | -$54.2M |
2015 Q4
42 quarters
|
|
82
Envista
NVST
$3.72B
| $72.6M | 0.1% |
2,756,781
-505,115
| -15% | -$12.7M |
2020 Q1
25 quarters
|
|
83
Thor Industries
THO
$3.43B
| $69.4M | 0.09% |
923,940
-38,637
| -4% | -$2.97M |
2018 Q2
32 quarters
|
|
84
American Express
AXP
$219B
| $68.8M | 0.09% |
203,453
-253
| -0.1% | -$81K |
2020 Q1
25 quarters
|
|
85
HCA Healthcare
HCA
$99.5B
| $60.1M | 0.08% |
154,097
-4,046
| -3% | -$1.71M |
2016 Q1
41 quarters
|
|
|
86
Marathon Petroleum
MPC
$131B
| $58.6M | 0.08% |
229,011
-2,576,961
| -92% | -$633M |
2025 Q1
5 quarters
|
|
87
Cooper Companies
COO
$11.2B
| $55M | 0.07% |
+766,520
| New | +$50.1M |
2026 Q2
0 quarters
|
|
88
Mastercard
MA
$545B
| $51.9M | 0.07% |
100,993
-17,622
| -15% | -$8.79M |
2013 Q2
52 quarters
|
|
89
Ryanair
RYAAY
$28B
| $51.2M | 0.07% |
790,544
-55,634
| -7% | -$3.28M |
2018 Q1
33 quarters
|
|
90
Wendy's
WEN
$1.2B
| $46.3M | 0.06% |
5,587,137
-342,664
| -6% | -$2.45M |
2021 Q4
18 quarters
|
|
91
Allison Transmission
ALSN
$9.16B
| $45.4M | 0.06% |
402,762
-129,245
| -24% | -$15.7M |
2021 Q1
21 quarters
|
|
92
Warner Music
WMG
$16.4B
| $43.6M | 0.06% |
1,611,030
+105
| +0% | +$3.12K |
2021 Q3
19 quarters
|
|
93
Blackrock
BLK
$178B
| $42.9M | 0.06% |
44,575
-9,980
| -18% | -$10.3M |
2024 Q4
6 quarters
|
|
94
Apple
AAPL
$5.02T
| $38M | 0.05% |
131,305
-236
| -0.2% | -$67.5K |
2013 Q2
52 quarters
|
|
95
CVS Health
CVS
$120B
| $34.7M | 0.05% |
335,817
-158,309
| -32% | -$14.1M |
2013 Q2
52 quarters
|
|
96
Colliers International
CIGI
$4.74B
| $33.2M | 0.04% |
354,200
+40,900
| +13% | +$4.13M |
2023 Q1
13 quarters
|
|
97
EOG Resources
EOG
$82.8B
| $31.8M | 0.04% |
244,809
-3,886,429
| -94% | -$529M |
2019 Q2
28 quarters
|
|
98
Zegna
ZGN
$3.47B
| $31.7M | 0.04% |
2,435,700
-476,100
| -16% | -$6.14M |
2025 Q3
3 quarters
|
|
99
KKR & Co
KKR
$80.7B
| $31.6M | 0.04% |
343,974
-25,841
| -7% | -$2.51M |
2020 Q4
22 quarters
|
|
100
Hilton Worldwide
HLT
$81.5B
| $28.2M | 0.04% |
85,299
-10,347
| -11% | -$3.4M |
2018 Q1
33 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.