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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 | |
|---|---|---|---|---|---|---|---|
101
Goldman Sachs
GS
$263B
| $27.5M | 0.04% |
27,218
-1,425
| -5% | -$1.39M |
2013 Q2
52 quarters
|
|
102
Microsoft
MSFT
$3.96T
| $25.6M | 0.03% |
68,612
+61,855
| +915% | +$25M |
2013 Q2
52 quarters
|
|
103
Autoliv
ALV
$8.35B
| $24.9M | 0.03% |
214,490
-18,585
| -8% | -$2.21M |
2019 Q1
29 quarters
|
|
104
Cushman & Wakefield Ltd
CWK
$2.72B
| $24.9M | 0.03% |
1,858,460
-25,597
| -1% | -$343K |
2021 Q2
20 quarters
|
|
105
Workday
WDAY
$48.9B
| $23.6M | 0.03% |
192,764
+181,097
| +1,552% | +$22.9M |
2019 Q4
26 quarters
|
|
106
Crown Holdings
CCK
$12.6B
| $21.3M | 0.03% |
190,865
-740
| -0.4% | -$74.8K |
2023 Q1
13 quarters
|
|
107
Openlane
OPLN
$4.57B
| $15.9M | 0.02% |
386,223
-184,934
| -32% | -$6.46M |
2021 Q3
19 quarters
|
|
108
Texas Instruments
TXN
$260B
| $13.8M | 0.02% |
46,260
-1,250
| -3% | -$347K |
2013 Q2
52 quarters
|
|
|
109
Charter Communications
CHTR
$12.3B
| $13.8M | 0.02% |
96,777
-3,892,266
| -98% | -$650M |
2015 Q3
43 quarters
|
|
110
BorgWarner
BWA
$11.7B
| $12.9M | 0.02% |
193,743
-28,330
| -13% | -$1.79M |
2013 Q2
52 quarters
|
|
111
Berkshire Hathaway Class B
BRK.B
$1.15T
| $12.6M | 0.02% |
25,253
-186
| -0.7% | -$89.4K |
2019 Q4
26 quarters
|
|
112
Birkenstock
BIRK
$5.34B
| $7.96M | 0.01% |
+185,100
| New | +$7.48M |
2026 Q2
0 quarters
|
|
113
Waters Corp
WAT
$44.9B
| $6.91M | 0.01% |
18,413
-270,299
| -94% | -$92.2M |
2026 Q1
1 quarter
|
|
114
Bank of New York Mellon
BNY
$99B
| $6.13M | 0.01% |
42,419
-565
| -1% | -$77.3K |
2013 Q2
52 quarters
|
|
115
Meta Platforms (Facebook)
META
$1.78T
| $2.62M | ﹤0.01% |
4,655
+194
| +4% | +$119K |
2018 Q1
33 quarters
|
|
116
Dover
DOV
$26.9B
| $2.51M | ﹤0.01% |
11,213
-650
| -5% | -$142K |
2013 Q2
52 quarters
|
|
117
NVIDIA
NVDA
$5.36T
| $2.5M | ﹤0.01% |
12,475
+7
| +0.1% | +$1.44K |
2024 Q3
7 quarters
|
|
118
JPMorgan Chase
JPM
$890B
| $2.03M | ﹤0.01% |
6,215
+400
| +7% | +$124K |
2013 Q2
52 quarters
|
|
119
Caterpillar
CAT
$340B
| $1.96M | ﹤0.01% |
1,840
| – | – |
2013 Q4
50 quarters
|
|
120
Carlisle Companies
CSL
$13.5B
| $1.67M | ﹤0.01% |
4,612
-425
| -8% | -$149K |
2018 Q1
33 quarters
|
|
121
State Street SPDR S&P 500 ETF Trust
SPY
$824B
| $1.6M | ﹤0.01% |
2,148
-5,564
| -72% | -$4.03M |
2022 Q2
16 quarters
|
|
122
Lear
LEA
$5.81B
| $1.53M | ﹤0.01% |
11,425
-500
| -4% | -$67K |
2013 Q2
52 quarters
|
|
123
Alibaba
BABA
$260B
| $1.48M | ﹤0.01% |
15,413
+1,972
| +15% | +$247K |
2024 Q4
6 quarters
|
|
124
Applied Materials
AMAT
$325B
| $1.41M | ﹤0.01% |
1,945
-255
| -12% | -$118K |
2025 Q2
4 quarters
|
|
125
Philip Morris
PM
$308B
| $1.1M | ﹤0.01% |
6,093
+994
| +19% | +$172K |
2013 Q2
52 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.