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 | |
|---|---|---|---|---|---|---|
126
Johnson Controls International
JCI
$86.7B
| $1.07M | ﹤0.01% |
7,350
| – | – |
|
127
Vanguard Morningstar Value ETF
VTV
$193B
| $957K | ﹤0.01% |
4,390
+1,818
| +71% | +$380K |
|
128
Truist Financial
TFC
$61.6B
| $933K | ﹤0.01% |
18,735
-3,895
| -17% | -$192K |
|
129
Moody's
MCO
$87.2B
| $863K | ﹤0.01% |
1,905
| – | – |
|
130
Broadcom
AVGO
$1.75T
| $672K | ﹤0.01% |
1,779
-34
| -2% | -$13.6K |
|
131
Herc Holdings
HRI
$5.41B
| $644K | ﹤0.01% |
4,495
| – | – |
|
132
AbbVie
ABBV
$468B
| $609K | ﹤0.01% |
2,420
-262
| -10% | -$56.4K |
|
133
Eli Lilly
LLY
$1.12T
| $517K | ﹤0.01% |
431
-19
| -4% | -$19.4K |
|
134
Advanced Micro Devices
AMD
$773B
| $508K | ﹤0.01% |
+875
| New | +$359K |
|
135
Tenet Healthcare
THC
$22.6B
| $449K | ﹤0.01% |
2,400
| – | – |
|
136
Blackstone
BX
$108B
| $441K | ﹤0.01% |
3,750
| – | – |
|
137
Danaher
DHR
$154B
| $350K | ﹤0.01% |
1,838
| – | – |
|
138
Walmart Inc
WMT
$825B
| $335K | ﹤0.01% |
2,962
+882
| +42% | +$109K |
|
139
Costco
COST
$420B
| $335K | ﹤0.01% |
358
-4
| -1% | -$3.98K |
|
140
iShares 0-3 Month Treasury Bond ETF
SGOV
$103B
| $317K | ﹤0.01% |
3,151
-585
| -16% | -$58.8K |
|
141
Parker-Hannifin
PH
$126B
| $289K | ﹤0.01% |
295
| – | – |
|
142
PepsiCo
PEP
$196B
| $273K | ﹤0.01% |
2,015
+350
| +21% | +$52.3K |
|
143
Unilever
UL
$138B
| $272K | ﹤0.01% |
4,516
+393
| +10% | +$22.7K |
|
144
SAP
SAP
$252B
| $258K | ﹤0.01% |
1,673
+219
| +15% | +$37.4K |
|
145
Intel
INTC
$476B
| $245K | ﹤0.01% |
+1,757
| New | +$178K |
|
146
Oshkosh
OSK
$9.7B
| $242K | ﹤0.01% |
1,575
| – | – |
|
147
Idexx Laboratories
IDXX
$43.9B
| $240K | ﹤0.01% |
455
-27
| -6% | -$15.1K |
|
148
Diageo
DEO
$52.6B
| $233K | ﹤0.01% |
2,895
-400
| -12% | -$32.3K |
|
149
Chevron
CVX
$403B
| $224K | ﹤0.01% |
1,350
| – | – |
|
150
Procter & Gamble
PG
$336B
| $219K | ﹤0.01% |
1,494
| – | – |
|
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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.