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 |
MON
Monsanto Co
MON
|
+$400M |
| 2 |
Stellantis
STLA
|
+$381M |
| 3 |
Caterpillar
CAT
|
+$295M |
| 4 |
American Express
AXP
|
+$252M |
| 5 |
GE Aerospace
GE
|
+$249M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Amazon
AMZN
|
+$359M |
| 2 |
Illinois Tool Works
ITW
|
+$324M |
| 3 |
Franklin Templeton
BEN
|
+$317M |
| 4 |
Medtronic
MDT
|
+$302M |
| 5 |
Mastercard
MA
|
+$295M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 37.41% |
| 2 | Technology | 15.99% |
| 3 | Consumer Discretionary | 13.88% |
| 4 | Industrials | 10.42% |
| 5 | Energy | 5.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WBA
126
DELISTED
Walgreens Boots Alliance
WBA
| $1.38M | ﹤0.01% |
16,300
-6,000
| -27% | -$517K |
|
127
Walt Disney
DIS
$186B
| $1.12M | ﹤0.01% |
9,840
-21,515
| -69% | -$2.36M |
|
|
FNFV
128
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $1.11M | ﹤0.01% |
72,416
-2,212,600
| -97% | -$33.2M |
|
129
Walmart Inc
WMT
$825B
| $638K | ﹤0.01% |
27,000
-1,140,531
| -98% | -$29.1M |
|
130
Gilead Sciences
GILD
$181B
| $469K | ﹤0.01% |
4,004
-7,996
| -67% | -$874K |
|
131
Starbucks
SBUX
$122B
| $429K | ﹤0.01% |
8,000
-22,400
| -74% | -$1.14M |
|
132
PENN Entertainment
PENN
$2.5B
| $418K | ﹤0.01% |
22,800
-4,286
| -16% | -$71.3K |
|
133
AbbVie
ABBV
$468B
| $387K | ﹤0.01% |
5,759
-32,699
| -85% | -$2.13M |
|
134
Generac Holdings
GNRC
$12.2B
| $350K | ﹤0.01% |
8,800
| – | – |
|
135
IBM
IBM
$222B
| $323K | ﹤0.01% |
2,078
-9,372
| -82% | -$1.51M |
|
136
Pfizer
PFE
$160B
| $319K | ﹤0.01% |
10,039
-11,268
| -53% | -$367K |
|
137
Abbott
ABT
$202B
| $283K | ﹤0.01% |
5,767
-34,227
| -86% | -$1.64M |
|
|
UN
138
DELISTED
Unilever NV New York Registry Shares
UN
| $248K | ﹤0.01% |
5,935
| – | – |
|
139
Allstate
ALL
$64.2B
| – | – |
-5,907
| Closed | -$420K |
|
140
Autoliv
ALV
$9.18B
| – | – |
-152,472
| Closed | -$12.9M |
|
141
Bristol-Myers Squibb
BMY
$137B
| – | – |
-14,267
| Closed | -$920K |
|
142
Berkshire Hathaway Class A
BRK.A
$1.06T
| – | – |
-18
| Closed | -$3.92M |
|
|
143
Berkshire Hathaway Class B
BRK.B
$1.06T
| – | – |
-15,927
| Closed | -$2.3M |
|
144
ConocoPhillips
COP
$162B
| – | – |
-11,500
| Closed | -$716K |
|
145
Capital Southwest
CSWC
$1.59B
| – | – |
-25,954
| Closed | -$442K |
|
146
Cenovus Energy
CVE
$60.7B
| – | – |
-52,367
| Closed | -$884K |
|
147
Danaher
DHR
$154B
| – | – |
-9,373
| Closed | -$535K |
|
148
Honeywell
HON
$68.4B
| – | – |
-3,972
| Closed | -$372K |
|
|
K
149
DELISTED
Kellanova
K
| – | – |
-6,816
| Closed | -$422K |
|
150
Coca-Cola
KO
$392B
| – | – |
-47,225
| Closed | -$1.92M |
|
Similar funds
Bill Nygren's Q2 2015 Portfolio in Review
As of Q2 2015, Bill Nygren held 172 positions worth $62.6B, down 1.1% from $63.3B the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Bill Nygren's Q2 2015 filing shows 5 new, 37 increased, 88 reduced and 34 closed positions. Its largest new stake was Stellantis: 37,186,789 shares worth $352M. The largest sale was Amazon, an estimated $359M.
By sector, the portfolio is most concentrated in Financials at 37% of assets, up from 36% a quarter earlier, followed by Technology and Consumer Discretionary.
- Bill Nygren's largest Q2 2015 buy was Stellantis: 37,186,789 shares worth $352M.
- Bill Nygren added most to Monsanto Co in Q2 2015, an estimated $400M increase.
- Bill Nygren's biggest Q2 2015 reduction was Amazon, cutting an estimated $359M.
- Bill Nygren fully exited Ralph Lauren in Q2 2015, selling an estimated $109M.
- Bill Nygren's ten largest holdings make up 34% of its $62.6B portfolio in Q2 2015.
- Bill Nygren opened 5 new positions and closed 34 in Q2 2015.
- Bill Nygren's portfolio value fell 1.1% quarter-over-quarter to $62.6B.
Based on Harris Associates's 13F filing for Q2 2015, filed 11 Aug 2015.