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 | |
|---|---|---|---|---|---|---|
101
Blackrock
BLK
$179B
| $95.2M | 0.2% |
+370,455
| New | +$99.2M |
|
|
HSNI
102
DELISTED
HSN, Inc.
HSNI
| $94.9M | 0.2% |
+1,766,596
| New | +$96.1M |
|
103
Baxter International
BAX
$13.6B
| $88.7M | 0.19% |
+2,358,689
| New | +$90.3M |
|
104
Lam Research
LRCX
$393B
| $82.9M | 0.17% |
+18,695,180
| New | +$84.5M |
|
105
Bruker
BRKR
$9.07B
| $81.3M | 0.17% |
+5,036,490
| New | +$87.1M |
|
106
Merck
MRK
$376B
| $78.2M | 0.16% |
+1,764,730
| New | +$78.8M |
|
107
Teledyne Technologies
TDY
$29.5B
| $74M | 0.16% |
+956,050
| New | +$72.8M |
|
|
ORBK
108
DELISTED
Orbotech Ltd
ORBK
| $70.9M | 0.15% |
+5,698,398
| New | +$62M |
|
109
Advance Auto Parts
AAP
$2.57B
| $69.1M | 0.15% |
+851,697
| New | +$70.5M |
|
|
ARRS
110
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $63.2M | 0.13% |
+4,400,999
| New | +$69.6M |
|
111
Harley-Davidson
HOG
$2.93B
| $61M | 0.13% |
+1,113,534
| New | +$60.2M |
|
112
Comcast
CMCSA
$95.3B
| $57.5M | 0.12% |
+2,754,960
| New | +$56.9M |
|
113
MillerKnoll
MLKN
$1.57B
| $54.4M | 0.11% |
+2,010,548
| New | +$53M |
|
|
AAWW
114
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $54.3M | 0.11% |
+1,240,450
| New | +$53.3M |
|
|
DISCK
115
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $42.9M | 0.09% |
+1,228,486
| New | +$42.9M |
|
116
Nike
NKE
$60.5B
| $42.2M | 0.09% |
+1,325,808
| New | +$41.2M |
|
117
CME Group
CME
$98.9B
| $38.4M | 0.08% |
+505,868
| New | +$33.2M |
|
|
KATE
118
DELISTED
Kate Spade & Company
KATE
| $36.9M | 0.08% |
+1,653,000
| New | +$35.2M |
|
119
Patterson-UTI
PTEN
$4.71B
| $34.1M | 0.07% |
+1,760,400
| New | +$38.4M |
|
120
Televisa
TV
$1.47B
| $33.1M | 0.07% |
+1,334,418
| New | +$34M |
|
121
International Flavors & Fragrances
IFF
$21.5B
| $29.2M | 0.06% |
+389,049
| New | +$30.3M |
|
122
Greif
GEF
$5B
| $28.5M | 0.06% |
+540,650
| New | +$27.4M |
|
|
KDN
123
DELISTED
KAYDON CORP
KDN
| $27.1M | 0.06% |
+982,678
| New | +$25.3M |
|
|
BLT
124
DELISTED
BLOUNT INTERNATIONAL (NEW)
BLT
| $26M | 0.05% |
+2,198,623
| New | +$29.3M |
|
|
UPL
125
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $24.6M | 0.05% |
+1,242,600
| New | +$26.6M |
|
Similar funds
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.