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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
-0.2%
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
$49.6B
AUM Growth
-$3.5B
Cap. Flow
-$3.08B
Cap. Flow %
-6.2%
Top 10 Hldgs %
32.38%
Holding
127
New
4
Increased
37
Reduced
77
Closed
9

Top Buys

Rank Stock Value
1
LNKD
LinkedIn Corporation
LNKD
+$374M
2
HOG icon
Harley-Davidson
HOG
+$226M
3
IQV icon
IQVIA
IQV
+$222M
4
KMX icon
CarMax
KMX
+$149M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$142M

Top Sells

Rank Stock Value
1
INTC icon
Intel
INTC
+$594M
2
AMAT icon
Applied Materials
AMAT
+$333M
3
MON
Monsanto Co
MON
+$325M
4
APC
Anadarko Petroleum
APC
+$281M
5
GE icon
GE Aerospace
GE
+$235M

Sector Composition

Rank Sector Weight
1 Financials 33.87%
2 Technology 15.15%
3 Industrials 12.16%
4 Consumer Discretionary 12.15%
5 Communication Services 12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ORBK
126
DELISTED
Orbotech Ltd
ORBK
– –
-175,988
Closed -$4.18M
BLT
127
DELISTED
BLOUNT INTERNATIONAL (NEW)
BLT
– –
-1,964,544
Closed -$19.6M
2 3 4 5
6

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Bill Nygren's Q2 2016 Portfolio in Review

As of Q2 2016, Bill Nygren held 127 positions worth $49.6B, down 6.6% from $53.1B the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Bill Nygren withdrew a net $3.08B in Q2 2016, closing 9 positions and reducing 77 holdings. Its most notable exit was Franklin Templeton, Inc., an estimated $211M position sold in full.

By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 34% a quarter earlier, followed by Technology and Industrials.

Against the trend, Bill Nygren opened a new position in LinkedIn Corporation worth $511M.

  • Bill Nygren's largest Q2 2016 buy was LinkedIn Corporation: 2,700,650 shares worth $511M.
  • Bill Nygren added most to Harley-Davidson in Q2 2016, an estimated $226M increase.
  • Bill Nygren's biggest Q2 2016 reduction was Intel, cutting an estimated $594M.
  • Bill Nygren fully exited Franklin Templeton, Inc. in Q2 2016, selling an estimated $211M.
  • Bill Nygren's ten largest holdings make up 32% of its $49.6B portfolio in Q2 2016.
  • Bill Nygren opened 4 new positions and closed 9 in Q2 2016.
  • Bill Nygren's portfolio value fell 6.6% quarter-over-quarter to $49.6B.

Based on Harris Associates's 13F filing for Q2 2016, filed 10 Aug 2016.