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 |
Deere & Co
DE
|
+$1.23B |
| 2 |
Centene
CNC
|
+$473M |
| 3 |
Paycom
PAYC
|
+$468M |
| 4 |
Kenvue
KVUE
|
+$358M |
| 5 |
Charter Communications
CHTR
|
+$347M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KKR & Co
KKR
|
+$926M |
| 2 |
HCA Healthcare
HCA
|
+$510M |
| 3 |
Amazon
AMZN
|
+$489M |
| 4 |
Capital One
COF
|
+$387M |
| 5 |
Meta Platforms (Facebook)
META
|
+$360M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.51% |
| 2 | Communication Services | 13.48% |
| 3 | Technology | 9.87% |
| 4 | Healthcare | 9.44% |
| 5 | Consumer Discretionary | 9.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Workday
WDAY
$49.4B
| $8.03M | 0.01% |
29,434
-267,985
| -90% | -$76.3M |
|
102
Dover
DOV
$27.2B
| $3.66M | 0.01% |
20,647
-4,320
| -17% | -$696K |
|
103
Netflix
NFLX
$331B
| $3.65M | 0.01% |
60,020
-618,620
| -91% | -$34.9M |
|
104
Booking.com
BKNG
$158B
| $2.67M | ﹤0.01% |
18,425
-65,275
| -78% | -$9.3M |
|
105
Diageo
DEO
$52.6B
| $1.97M | ﹤0.01% |
13,226
-5,402
| -29% | -$791K |
|
106
Parker-Hannifin
PH
$126B
| $1.88M | ﹤0.01% |
3,384
-40,481
| -92% | -$20.6M |
|
|
LBRDA
107
DELISTED
Liberty Broadband Class A
LBRDA
| $1.44M | ﹤0.01% |
25,135
-15,340
| -38% | -$1.01M |
|
108
Herc Holdings
HRI
$5.41B
| $1.34M | ﹤0.01% |
7,965
-2,625
| -25% | -$400K |
|
109
Etsy
ETSY
$7.44B
| $1.28M | ﹤0.01% |
+18,680
| New | +$1.34M |
|
110
Citizens Financial Group
CFG
$29.4B
| $1.12M | ﹤0.01% |
30,870
| – | – |
|
111
Gartner
IT
$12.4B
| $1.1M | ﹤0.01% |
2,306
-409
| -15% | -$188K |
|
112
MasterBrand
MBC
$1.85B
| $991K | ﹤0.01% |
52,882
-163,445
| -76% | -$2.59M |
|
113
JPMorgan Chase
JPM
$935B
| $985K | ﹤0.01% |
4,920
-255
| -5% | -$46K |
|
114
Automatic Data Processing
ADP
$112B
| $904K | ﹤0.01% |
3,619
-6,780
| -65% | -$1.66M |
|
115
Microsoft
MSFT
$3.59T
| $886K | ﹤0.01% |
2,105
| – | – |
|
|
FITB
116
Fifth Third Bancorp
FITB
$49.7B
| $802K | ﹤0.01% |
21,565
| – | – |
|
117
Pinterest
PINS
$13.3B
| $770K | ﹤0.01% |
22,196
-80,607
| -78% | -$2.93M |
|
118
Caterpillar
CAT
$381B
| $660K | ﹤0.01% |
1,800
| – | – |
|
119
UnitedHealth
UNH
$350B
| $633K | ﹤0.01% |
1,280
-50
| -4% | -$25.4K |
|
120
Flowserve
FLS
$10.1B
| $612K | ﹤0.01% |
13,400
-16,831
| -56% | -$709K |
|
121
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $605K | ﹤0.01% |
1,157
-17,760
| -94% | -$8.84M |
|
122
Philip Morris
PM
$293B
| $551K | ﹤0.01% |
6,015
-782
| -12% | -$72.1K |
|
123
Howmet Aerospace
HWM
$108B
| $513K | ﹤0.01% |
7,500
| – | – |
|
124
S&P Global
SPGI
$127B
| $445K | ﹤0.01% |
1,046
-2,104
| -67% | -$912K |
|
125
Gaming and Leisure Properties
GLPI
$12.7B
| $437K | ﹤0.01% |
9,496
-11,021
| -54% | -$507K |
|
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Bill Nygren's Q1 2024 Portfolio in Review
As of Q1 2024, Bill Nygren held 150 positions worth $61.8B, up 6.5% from $58B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Bill Nygren's Q1 2024 filing shows 7 new, 34 increased, 84 reduced and 17 closed positions. Its largest new stake was Deere & Co: 3,216,792 shares worth $1.32B. The largest sale was KKR & Co, an estimated $926M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 34% a quarter earlier, followed by Communication Services and Technology.
- Bill Nygren's largest Q1 2024 buy was Deere & Co: 3,216,792 shares worth $1.32B.
- Bill Nygren added most to Centene in Q1 2024, an estimated $473M increase.
- Bill Nygren's biggest Q1 2024 reduction was KKR & Co, cutting an estimated $926M.
- Bill Nygren fully exited Nasdaq in Q1 2024, selling an estimated $1.22M.
- Bill Nygren's ten largest holdings make up 34% of its $61.8B portfolio in Q1 2024.
- Bill Nygren opened 7 new positions and closed 17 in Q1 2024.
- Bill Nygren's portfolio value rose 6.5% quarter-over-quarter to $61.8B.
Based on Harris Associates's 13F filing for Q1 2024, filed 15 May 2024.