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Bill Nygren Harris Associates

AUM $75.4B
1-Year Est. Return 14.46%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-9.41%
1 Year Est. Return
+14.46%
3 Year Est. Return
+51.56%
5 Year Est. Return
+71.24%
10 Year Est. Return
+347.3%
AUM
$57.2B
AUM Growth
-$5.46B
Cap. Flow
+$819M
Cap. Flow %
1.43%
Top 10 Hldgs %
34.53%
Holding
143
New
5
Increased
48
Reduced
66
Closed
22

Top Buys

Rank Stock Value
1
BIDU icon
Baidu
BIDU
+$1.54B
2
APC
Anadarko Petroleum
APC
+$915M
3
CMI icon
Cummins
CMI
+$597M
4
CAT icon
Caterpillar
CAT
+$359M
5
GE icon
GE Aerospace
GE
+$214M

Top Sells

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$895M
2
NOV icon
NOV
NOV
+$545M
3
BEN icon
Franklin Templeton, Inc.
BEN
+$503M
4
V icon
Visa
V
+$425M
5
OCR
OMNICARE INC
OCR
+$330M

Sector Composition

Rank Sector Weight
1 Financials 35.32%
2 Technology 16.72%
3 Consumer Discretionary 13.03%
4 Industrials 11.52%
5 Communication Services 7.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GILD icon
126
Gilead Sciences
GILD
$181B
– –
-4,004
Closed -$469K
GNRC icon
127
Generac Holdings
GNRC
$12.2B
– –
-8,800
Closed -$350K
IBM icon
128
IBM
IBM
$222B
– –
-2,078
Closed -$323K
JNJ icon
129
Johnson & Johnson
JNJ
$651B
– –
-14,134
Closed -$1.38M
PENN icon
130
PENN Entertainment
PENN
$2.5B
– –
-22,800
Closed -$418K
PFE icon
131
Pfizer
PFE
$160B
– –
-10,039
Closed -$319K
SBUX icon
132
Starbucks
SBUX
$122B
– –
-8,000
Closed -$429K
SNA icon
133
Snap-on
SNA
$20.3B
– –
-74,995
Closed -$11.9M
WBA
134
DELISTED
Walgreens Boots Alliance
WBA
– –
-16,300
Closed -$1.38M
WMT icon
135
Walmart Inc
WMT
$825B
– –
-27,000
Closed -$638K
XOM icon
136
ExxonMobil
XOM
$679B
– –
-28,358
Closed -$2.36M
DISCK
137
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
– –
-60,692
Closed -$1.89M
FNFV
138
DELISTED
Fidelity Natl Financial, Inc.
FNFV
– –
-72,416
Closed -$1.11M
REMY
139
DELISTED
REMY INTL INC NEW COMMON
REMY
– –
-395,000
Closed -$8.73M
OCR
140
DELISTED
OMNICARE INC
OCR
– –
-3,498,303
Closed -$330M
DTV
141
DELISTED
DIRECTV COM STK (DE)
DTV
– –
-28,780
Closed -$2.67M
HOT
142
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
– –
-53,119
Closed -$4.31M
AAWW
143
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
– –
-55,000
Closed -$3.02M
2 3 4 5
6

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Bill Nygren's Q3 2015 Portfolio in Review

As of Q3 2015, Bill Nygren held 143 positions worth $57.2B, down 8.7% from $62.6B the previous quarter. Its ten largest holdings account for 35% of the portfolio.

Bill Nygren's Q3 2015 filing shows 5 new, 48 increased, 66 reduced and 22 closed positions. Its largest new stake was Baidu: 9,325,265 shares worth $1.28B. The largest sale was Amazon, an estimated $895M.

By sector, the portfolio is most concentrated in Financials at 35% of assets, down from 37% a quarter earlier, followed by Technology and Consumer Discretionary.

  • Bill Nygren's largest Q3 2015 buy was Baidu: 9,325,265 shares worth $1.28B.
  • Bill Nygren added most to Cummins in Q3 2015, an estimated $597M increase.
  • Bill Nygren's biggest Q3 2015 reduction was Amazon, cutting an estimated $895M.
  • Bill Nygren fully exited OMNICARE INC in Q3 2015, selling an estimated $330M.
  • Bill Nygren's ten largest holdings make up 35% of its $57.2B portfolio in Q3 2015.
  • Bill Nygren opened 5 new positions and closed 22 in Q3 2015.
  • Bill Nygren's portfolio value fell 8.7% quarter-over-quarter to $57.2B.

Based on Harris Associates's 13F filing for Q3 2015, filed 13 Nov 2015.