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 |
FISV
Fiserv Inc
FISV
|
+$734M |
| 2 |
Willis Towers Watson
WTW
|
+$388M |
| 3 |
Visa
V
|
+$274M |
| 4 |
BorgWarner
BWA
|
+$189M |
| 5 |
Take-Two Interactive
TTWO
|
+$179M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$708M |
| 2 |
CNH
CNH Industrial
CNH
|
+$407M |
| 3 |
Cenovus Energy
CVE
|
+$316M |
| 4 |
Automatic Data Processing
ADP
|
+$306M |
| 5 |
Bank of America
BAC
|
+$287M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.01% |
| 2 | Communication Services | 21.76% |
| 3 | Consumer Discretionary | 12.31% |
| 4 | Healthcare | 10.37% |
| 5 | Technology | 10.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Zimmer Biomet
ZBH
$19.3B
| $37.3M | 0.06% |
302,478
+201
| +0.1% | +$26.3K |
|
102
Bunge Global
BG
$21.7B
| $31.5M | 0.05% |
336,966
-122,840
| -27% | -$11M |
|
103
Chubb
CB
$132B
| $26M | 0.04% |
134,248
-470
| -0.3% | -$88.3K |
|
104
Texas Instruments
TXN
$241B
| $24.9M | 0.04% |
132,322
-11,110
| -8% | -$2.13M |
|
105
Aramark
ARMK
$15.8B
| $24.7M | 0.04% |
929,756
+56,404
| +6% | +$1.48M |
|
106
Huntington Ingalls Industries
HII
$11.8B
| $24.3M | 0.04% |
130,112
+26,435
| +25% | +$5.11M |
|
107
Gaming and Leisure Properties
GLPI
$12.7B
| $24.2M | 0.04% |
497,321
-76,846
| -13% | -$3.66M |
|
108
Equifax
EFX
$22.6B
| $23.2M | 0.04% |
79,119
-37,180
| -32% | -$10.4M |
|
|
OPLN
109
Openlane
OPLN
$4.08B
| $22.9M | 0.04% |
1,468,933
+1,325,148
| +922% | +$20.3M |
|
110
Reynolds Consumer Products
REYN
$5.37B
| $21.9M | 0.03% |
697,830
+247,240
| +55% | +$7.2M |
|
111
Amazon
AMZN
$2.79T
| $19.6M | 0.03% |
+117,480
| New | +$20.1M |
|
112
Warner Music
WMG
$14.2B
| $17.4M | 0.03% |
403,933
+21,278
| +6% | +$956K |
|
113
Herc Holdings
HRI
$5.41B
| $15.7M | 0.02% |
100,274
-20,647
| -17% | -$3.64M |
|
114
Qorvo
QRVO
$8.43B
| $14.4M | 0.02% |
91,804
| – | – |
|
115
Nasdaq
NDAQ
$54.9B
| $13.3M | 0.02% |
189,528
-495,528
| -72% | -$33.8M |
|
116
Euronet Worldwide
EEFT
$2.62B
| $12M | 0.02% |
101,004
+9,869
| +11% | +$1.17M |
|
117
Diageo
DEO
$52.6B
| $11.6M | 0.02% |
52,710
-15,659
| -23% | -$3.21M |
|
118
Gildan
GIL
$10.4B
| $9.81M | 0.02% |
231,300
-320,000
| -58% | -$12.7M |
|
119
Dover
DOV
$27.2B
| $9.02M | 0.01% |
49,641
-517
| -1% | -$87.7K |
|
120
ACV Auctions
ACVA
$1.26B
| $8.41M | 0.01% |
+446,225
| New | +$8.76M |
|
|
LBRDA
121
DELISTED
Liberty Broadband Class A
LBRDA
| $7.25M | 0.01% |
45,048
+4,320
| +11% | +$700K |
|
122
UnitedHealth
UNH
$350B
| $6.98M | 0.01% |
13,896
-7,167
| -34% | -$3.24M |
|
123
Liberty Global Class C
LBTYK
$3.55B
| $6.69M | 0.01% |
238,014
-66,440
| -22% | -$1.9M |
|
124
Caterpillar
CAT
$381B
| $4.73M | 0.01% |
22,893
-6,847
| -23% | -$1.38M |
|
125
Pinterest
PINS
$13.3B
| $3.51M | 0.01% |
96,447
| – | – |
|
Similar funds
Bill Nygren's Q4 2021 Portfolio in Review
As of Q4 2021, Bill Nygren held 147 positions worth $64.2B, up 2.3% from $62.8B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Bill Nygren's Q4 2021 filing shows 10 new, 59 increased, 67 reduced and 5 closed positions. Its largest new stake was Take-Two Interactive: 1,026,868 shares worth $182M. The largest sale was Alibaba, an estimated $708M.
By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 24% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Bill Nygren's largest Q4 2021 buy was Take-Two Interactive: 1,026,868 shares worth $182M.
- Bill Nygren added most to Fiserv Inc in Q4 2021, an estimated $734M increase.
- Bill Nygren's biggest Q4 2021 reduction was CNH Industrial, cutting an estimated $407M.
- Bill Nygren fully exited Alibaba in Q4 2021, selling an estimated $708M.
- Bill Nygren's ten largest holdings make up 37% of its $64.2B portfolio in Q4 2021.
- Bill Nygren opened 10 new positions and closed 5 in Q4 2021.
- Bill Nygren's portfolio value rose 2.3% quarter-over-quarter to $64.2B.
Based on Harris Associates's 13F filing for Q4 2021, filed 14 Feb 2022.