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 |
Caterpillar
CAT
|
+$586M |
| 2 |
Microsoft
MSFT
|
+$573M |
| 3 |
GE Aerospace
GE
|
+$541M |
| 4 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$419M |
| 5 |
Flowserve
FLS
|
+$375M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FedEx
FDX
|
+$638M |
| 2 |
Apple
AAPL
|
+$576M |
| 3 |
Ralph Lauren
RL
|
+$412M |
| 4 |
Home Depot
HD
|
+$385M |
| 5 |
Walmart Inc
WMT
|
+$324M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 35.65% |
| 2 | Technology | 16.74% |
| 3 | Consumer Discretionary | 14.17% |
| 4 | Industrials | 9.86% |
| 5 | Healthcare | 6.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Coca-Cola
KO
$392B
| $1.92M | ﹤0.01% |
47,225
-1,515
| -3% | -$63.4K |
|
|
WBA
127
DELISTED
Walgreens Boots Alliance
WBA
| $1.89M | ﹤0.01% |
22,300
-8,050
| -27% | -$641K |
|
128
Abbott
ABT
$202B
| $1.85M | ﹤0.01% |
39,994
-3,450
| -8% | -$158K |
|
129
IBM
IBM
$222B
| $1.76M | ﹤0.01% |
11,450
-2,676
| -19% | -$406K |
|
130
Johnson & Johnson
JNJ
$651B
| $1.75M | ﹤0.01% |
17,378
-1,690
| -9% | -$172K |
|
131
Oshkosh
OSK
$9.7B
| $1.74M | ﹤0.01% |
+35,750
| New | +$1.63M |
|
132
McDonald's
MCD
$192B
| $1.56M | ﹤0.01% |
16,060
-155,433
| -91% | -$14.7M |
|
133
Starbucks
SBUX
$122B
| $1.44M | ﹤0.01% |
30,400
-9,800
| -24% | -$440K |
|
134
AGCO
AGCO
$7.48B
| $1.42M | ﹤0.01% |
29,850
+5,650
| +23% | +$265K |
|
135
Merck
MRK
$376B
| $1.37M | ﹤0.01% |
24,979
+3,853
| +18% | +$218K |
|
|
HUB.B
136
DELISTED
HUBBELL INC CL-B
HUB.B
| $1.31M | ﹤0.01% |
11,920
| – | – |
|
|
SNI
137
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $1.24M | ﹤0.01% |
18,133
-1,373,788
| -99% | -$99.8M |
|
138
Gilead Sciences
GILD
$181B
| $1.18M | ﹤0.01% |
+12,000
| New | +$1.22M |
|
139
Bristol-Myers Squibb
BMY
$137B
| $920K | ﹤0.01% |
14,267
-2,200
| -13% | -$138K |
|
140
Cenovus Energy
CVE
$60.7B
| $884K | ﹤0.01% |
52,367
-136,625
| -72% | -$2.52M |
|
|
DD
141
DELISTED
Du Pont De Nemours E I
DD
| $797K | ﹤0.01% |
11,741
| – | – |
|
142
ConocoPhillips
COP
$162B
| $716K | ﹤0.01% |
11,500
-100
| -0.9% | -$6.47K |
|
143
Pfizer
PFE
$160B
| $703K | ﹤0.01% |
21,307
-22,136
| -51% | -$704K |
|
|
TRW
144
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $671K | ﹤0.01% |
6,400
-221,126
| -97% | -$23M |
|
145
3M
MMM
$92.3B
| $643K | ﹤0.01% |
4,664
-10,519
| -69% | -$1.45M |
|
146
Danaher
DHR
$154B
| $535K | ﹤0.01% |
9,373
| – | – |
|
147
Capital Southwest
CSWC
$1.59B
| $442K | ﹤0.01% |
25,954
-99,154
| -79% | -$1.65M |
|
148
Generac Holdings
GNRC
$12.2B
| $428K | ﹤0.01% |
8,800
| – | – |
|
149
PENN Entertainment
PENN
$2.5B
| $424K | ﹤0.01% |
27,086
-3,094,614
| -99% | -$48.6M |
|
|
K
150
DELISTED
Kellanova
K
| $422K | ﹤0.01% |
6,816
| – | – |
|
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Bill Nygren's Q1 2015 Portfolio in Review
As of Q1 2015, Bill Nygren held 191 positions worth $63.3B, down 1.7% from $64.4B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Bill Nygren's Q1 2015 filing shows 9 new, 55 increased, 88 reduced and 24 closed positions. Its largest new stake was PRECISION CASTPARTS CORP: 1,975,378 shares worth $415M. The largest sale was FedEx, an estimated $638M.
By sector, the portfolio is most concentrated in Financials at 36% of assets, up from 36% a quarter earlier, followed by Technology and Consumer Discretionary.
- Bill Nygren's largest Q1 2015 buy was PRECISION CASTPARTS CORP: 1,975,378 shares worth $415M.
- Bill Nygren added most to Caterpillar in Q1 2015, an estimated $586M increase.
- Bill Nygren's biggest Q1 2015 reduction was FedEx, cutting an estimated $638M.
- Bill Nygren fully exited FAMILY DOLLAR STORES in Q1 2015, selling an estimated $219M.
- Bill Nygren's ten largest holdings make up 34% of its $63.3B portfolio in Q1 2015.
- Bill Nygren opened 9 new positions and closed 24 in Q1 2015.
- Bill Nygren's portfolio value fell 1.7% quarter-over-quarter to $63.3B.
Based on Harris Associates's 13F filing for Q1 2015, filed 14 May 2015.