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 |
Centene
CNC
|
+$575M |
| 2 |
Salesforce
CRM
|
+$508M |
| 3 |
Equifax
EFX
|
+$457M |
| 4 |
Nasdaq
NDAQ
|
+$454M |
| 5 |
Deere & Co
DE
|
+$448M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KKR & Co
KKR
|
+$967M |
| 2 |
American Express
AXP
|
+$707M |
| 3 |
Danaher
DHR
|
+$419M |
| 4 |
Bank of America
BAC
|
+$325M |
| 5 |
Oracle
ORCL
|
+$321M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.35% |
| 2 | Communication Services | 14.3% |
| 3 | Industrials | 10.24% |
| 4 | Technology | 10.06% |
| 5 | Consumer Discretionary | 8.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Texas Instruments
TXN
$241B
| $9.64M | 0.02% |
49,550
-3,036
| -6% | -$561K |
|
102
Workday
WDAY
$49.4B
| $6.52M | 0.01% |
29,172
-262
| -0.9% | -$63.1K |
|
103
Johnson Controls International
JCI
$86.7B
| $5.91M | 0.01% |
88,927
-164,395
| -65% | -$11.1M |
|
104
Netflix
NFLX
$331B
| $2.77M | ﹤0.01% |
41,070
-18,950
| -32% | -$1.18M |
|
105
Dover
DOV
$27.2B
| $2.67M | ﹤0.01% |
14,770
-5,877
| -28% | -$1.05M |
|
106
Diageo
DEO
$52.6B
| $1.35M | ﹤0.01% |
10,741
-2,485
| -19% | -$342K |
|
107
Vestis
VSTS
$1.68B
| $1.26M | ﹤0.01% |
+103,115
| New | +$1.49M |
|
|
LBRDA
108
DELISTED
Liberty Broadband Class A
LBRDA
| $1.06M | ﹤0.01% |
19,335
-5,800
| -23% | -$300K |
|
109
JPMorgan Chase
JPM
$935B
| $1.01M | ﹤0.01% |
4,989
+69
| +1% | +$13.5K |
|
110
Parker-Hannifin
PH
$126B
| $996K | ﹤0.01% |
1,970
-1,414
| -42% | -$758K |
|
111
Herc Holdings
HRI
$5.41B
| $995K | ﹤0.01% |
7,465
-500
| -6% | -$73.9K |
|
112
Microsoft
MSFT
$3.59T
| $941K | ﹤0.01% |
2,105
| – | – |
|
113
Phinia Inc
PHIN
$2.67B
| $901K | ﹤0.01% |
22,896
-485,383
| -95% | -$20M |
|
|
FITB
114
Fifth Third Bancorp
FITB
$49.7B
| $787K | ﹤0.01% |
21,565
| – | – |
|
115
MasterBrand
MBC
$1.85B
| $772K | ﹤0.01% |
52,598
-284
| -0.5% | -$4.7K |
|
116
Gartner
IT
$12.4B
| $768K | ﹤0.01% |
1,711
-595
| -26% | -$265K |
|
117
Booking.com
BKNG
$158B
| $681K | ﹤0.01% |
4,300
-14,125
| -77% | -$2.09M |
|
118
Automatic Data Processing
ADP
$112B
| $622K | ﹤0.01% |
2,605
-1,014
| -28% | -$249K |
|
119
Citizens Financial Group
CFG
$29.4B
| $617K | ﹤0.01% |
17,127
-13,743
| -45% | -$479K |
|
120
Caterpillar
CAT
$381B
| $600K | ﹤0.01% |
1,800
| – | – |
|
121
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $573K | ﹤0.01% |
1,052
-105
| -9% | -$55K |
|
122
Flowserve
FLS
$10.1B
| $539K | ﹤0.01% |
11,200
-2,200
| -16% | -$105K |
|
123
Tenet Healthcare
THC
$22.6B
| $519K | ﹤0.01% |
3,900
| – | – |
|
124
Philip Morris
PM
$293B
| $477K | ﹤0.01% |
4,710
-1,305
| -22% | -$128K |
|
125
S&P Global
SPGI
$127B
| $455K | ﹤0.01% |
1,020
-26
| -2% | -$11.2K |
|
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Bill Nygren's Q2 2024 Portfolio in Review
As of Q2 2024, Bill Nygren held 138 positions worth $59.1B, down 4.4% from $61.8B the previous quarter. Its ten largest holdings account for 35% of the portfolio.
Bill Nygren's Q2 2024 filing shows 5 new, 57 increased, 62 reduced and 6 closed positions. Its largest new stake was Nasdaq: 7,499,932 shares worth $452M. The largest sale was KKR & Co, an estimated $967M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 34% a quarter earlier, followed by Communication Services and Industrials.
- Bill Nygren's largest Q2 2024 buy was Nasdaq: 7,499,932 shares worth $452M.
- Bill Nygren added most to Centene in Q2 2024, an estimated $575M increase.
- Bill Nygren's biggest Q2 2024 reduction was KKR & Co, cutting an estimated $967M.
- Bill Nygren fully exited Ferguson in Q2 2024, selling an estimated $9.18M.
- Bill Nygren's ten largest holdings make up 35% of its $59.1B portfolio in Q2 2024.
- Bill Nygren opened 5 new positions and closed 6 in Q2 2024.
- Bill Nygren's portfolio value fell 4.4% quarter-over-quarter to $59.1B.
Based on Harris Associates's 13F filing for Q2 2024, filed 14 Aug 2024.