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 |
Alphabet (Google) Class A
GOOGL
|
+$1.42B |
| 2 |
FISV
Fiserv Inc
FISV
|
+$445M |
| 3 |
Netflix
NFLX
|
+$235M |
| 4 |
Regeneron Pharmaceuticals
REGN
|
+$208M |
| 5 |
Alibaba
BABA
|
+$199M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$1.41B |
| 2 |
MGM Resorts International
MGM
|
+$573M |
| 3 |
Caterpillar
CAT
|
+$373M |
| 4 |
CNH
CNH Industrial
CNH
|
+$250M |
| 5 |
Cenovus Energy
CVE
|
+$206M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.07% |
| 2 | Communication Services | 22.9% |
| 3 | Consumer Discretionary | 12.16% |
| 4 | Industrials | 10.01% |
| 5 | Technology | 9.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Cummins
CMI
$80.9B
| $200M | 0.32% |
819,042
-11,062
| -1% | -$2.83M |
|
77
Howard Hughes
HHH
$3.97B
| $169M | 0.27% |
1,819,430
-23,547
| -1% | -$2.33M |
|
|
ARNC
78
DELISTED
Arconic Corporation
ARNC
| $169M | 0.27% |
4,740,583
-32,850
| -0.7% | -$1.09M |
|
79
Salesforce
CRM
$171B
| $164M | 0.26% |
673,420
+131,641
| +24% | +$30.3M |
|
80
Allison Transmission
ALSN
$11B
| $160M | 0.25% |
4,028,068
+3,999,818
| +14,159% | +$170M |
|
81
Intercontinental Exchange
ICE
$90.5B
| $158M | 0.25% |
+1,330,627
| New | +$153M |
|
82
ManpowerGroup
MAN
$2.86B
| $152M | 0.24% |
1,277,022
+3,828
| +0.3% | +$452K |
|
|
GOCO
83
DELISTED
GoHealth
GOCO
| $143M | 0.23% |
850,992
+840,521
| +8,027% | +$147M |
|
84
Liberty Global Class C
LBTYK
$3.55B
| $137M | 0.22% |
5,075,039
-981,748
| -16% | -$26.5M |
|
|
QVCGA
85
DELISTED
QVC Group Inc Series A
QVCGA
| $134M | 0.21% |
205,175
-352
| -0.2% | -$226K |
|
|
PDCE
86
DELISTED
PDC Energy, Inc.
PDCE
| $116M | 0.18% |
2,532,693
-6,500
| -0.3% | -$266K |
|
|
SEE
87
DELISTED
Sealed Air
SEE
| $95.9M | 0.15% |
1,618,195
+149,650
| +10% | +$8.07M |
|
88
Carter's
CRI
$1.31B
| $92M | 0.15% |
891,254
-3,723
| -0.4% | -$379K |
|
|
CHX
89
DELISTED
ChampionX
CHX
| $82.3M | 0.13% |
3,207,917
-461,160
| -13% | -$11.2M |
|
90
Blackrock
BLK
$179B
| $78.2M | 0.12% |
89,359
+705
| +0.8% | +$595K |
|
|
CIT
91
DELISTED
CIT Group Inc.
CIT
| $71.2M | 0.11% |
1,379,391
-575
| -0% | -$30.2K |
|
92
Herc Holdings
HRI
$5.41B
| $66M | 0.11% |
589,208
-373,463
| -39% | -$39.5M |
|
93
Walt Disney
DIS
$186B
| $48.3M | 0.08% |
274,692
+33,917
| +14% | +$6.1M |
|
94
First Citizens BancShares
FCNCA
$24.7B
| $48M | 0.08% |
57,640
-25
| -0% | -$21.3K |
|
95
Zimmer Biomet
ZBH
$19.3B
| $47.4M | 0.08% |
303,884
-4,460
| -1% | -$722K |
|
96
Nasdaq
NDAQ
$54.9B
| $46.4M | 0.07% |
791,916
+109,362
| +16% | +$6.02M |
|
97
Equifax
EFX
$22.6B
| $45.6M | 0.07% |
190,519
+34,672
| +22% | +$7.75M |
|
98
Apple
AAPL
$4.51T
| $38.5M | 0.06% |
280,960
-127,851
| -31% | -$16.6M |
|
99
Texas Instruments
TXN
$241B
| $36.2M | 0.06% |
188,252
-115,052
| -38% | -$21.6M |
|
100
Autoliv
ALV
$9.18B
| $34.3M | 0.05% |
350,480
+11,295
| +3% | +$1.14M |
|
Similar funds
Bill Nygren's Q2 2021 Portfolio in Review
As of Q2 2021, Bill Nygren held 140 positions worth $62.8B, up 7.3% from $58.5B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Bill Nygren's Q2 2021 filing shows 3 new, 51 increased, 73 reduced and 4 closed positions. Its largest new stake was Intercontinental Exchange: 1,330,627 shares worth $158M. The largest sale was Alphabet (Google) Class C, an estimated $1.41B.
By sector, the portfolio is most concentrated in Financials at 24% of assets, down from 24% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Bill Nygren's largest Q2 2021 buy was Intercontinental Exchange: 1,330,627 shares worth $158M.
- Bill Nygren added most to Alphabet (Google) Class A in Q2 2021, an estimated $1.42B increase.
- Bill Nygren's biggest Q2 2021 reduction was Alphabet (Google) Class C, cutting an estimated $1.41B.
- Bill Nygren fully exited Armstrong World Industries in Q2 2021, selling an estimated $788K.
- Bill Nygren's ten largest holdings make up 36% of its $62.8B portfolio in Q2 2021.
- Bill Nygren opened 3 new positions and closed 4 in Q2 2021.
- Bill Nygren's portfolio value rose 7.3% quarter-over-quarter to $62.8B.
Based on Harris Associates's 13F filing for Q2 2021, filed 16 Aug 2021.