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 |
MRSH
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 | |
|---|---|---|---|---|---|---|
101
Goldman Sachs
GS
$303B
| $27.5M | 0.04% |
27,218
-1,425
| -5% | -$1.39M |
|
102
Microsoft
MSFT
$3.59T
| $25.6M | 0.03% |
68,612
+61,855
| +915% | +$25M |
|
103
Autoliv
ALV
$9.18B
| $24.9M | 0.03% |
214,490
-18,585
| -8% | -$2.21M |
|
104
Cushman & Wakefield Ltd
CWK
$3.48B
| $24.9M | 0.03% |
1,858,460
-25,597
| -1% | -$343K |
|
105
Workday
WDAY
$49.4B
| $23.6M | 0.03% |
192,764
+181,097
| +1,552% | +$22.9M |
|
106
Crown Holdings
CCK
$13B
| $21.3M | 0.03% |
190,865
-740
| -0.4% | -$74.8K |
|
|
OPLN
107
Openlane
OPLN
$4.08B
| $15.9M | 0.02% |
386,223
-184,934
| -32% | -$6.46M |
|
108
Texas Instruments
TXN
$241B
| $13.8M | 0.02% |
46,260
-1,250
| -3% | -$347K |
|
|
109
Charter Communications
CHTR
$17.9B
| $13.8M | 0.02% |
96,777
-3,892,266
| -98% | -$650M |
|
110
BorgWarner
BWA
$13.8B
| $12.9M | 0.02% |
193,743
-28,330
| -13% | -$1.79M |
|
111
Berkshire Hathaway Class B
BRK.B
$1.06T
| $12.6M | 0.02% |
25,253
-186
| -0.7% | -$89.4K |
|
112
Birkenstock
BIRK
$5.89B
| $7.96M | 0.01% |
+185,100
| New | +$7.48M |
|
113
Waters Corp
WAT
$40.4B
| $6.91M | 0.01% |
18,413
-270,299
| -94% | -$92.2M |
|
|
BNY
114
Bank of New York Mellon
BNY
$108B
| $6.13M | 0.01% |
42,419
-565
| -1% | -$77.3K |
|
115
Meta Platforms (Facebook)
META
$1.4T
| $2.62M | ﹤0.01% |
4,655
+194
| +4% | +$119K |
|
116
Dover
DOV
$27.2B
| $2.51M | ﹤0.01% |
11,213
-650
| -5% | -$142K |
|
117
NVIDIA
NVDA
$5.2T
| $2.5M | ﹤0.01% |
12,475
+7
| +0.1% | +$1.44K |
|
118
JPMorgan Chase
JPM
$935B
| $2.03M | ﹤0.01% |
6,215
+400
| +7% | +$124K |
|
119
Caterpillar
CAT
$381B
| $1.96M | ﹤0.01% |
1,840
| – | – |
|
120
Carlisle Companies
CSL
$14.6B
| $1.67M | ﹤0.01% |
4,612
-425
| -8% | -$149K |
|
121
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $1.6M | ﹤0.01% |
2,148
-5,564
| -72% | -$4.03M |
|
122
Lear
LEA
$8.56B
| $1.53M | ﹤0.01% |
11,425
-500
| -4% | -$67K |
|
123
Alibaba
BABA
$286B
| $1.48M | ﹤0.01% |
15,413
+1,972
| +15% | +$247K |
|
124
Applied Materials
AMAT
$391B
| $1.41M | ﹤0.01% |
1,945
-255
| -12% | -$118K |
|
125
Philip Morris
PM
$293B
| $1.1M | ﹤0.01% |
6,093
+994
| +19% | +$172K |
|
Similar funds
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 $2.56B 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.