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 |
Salesforce
CRM
|
+$1.06B |
| 2 |
MRSH
Marsh
MRSH
|
+$929M |
| 3 |
Netflix
NFLX
|
+$866M |
| 4 |
SUNB
Sunbelt Rentals Holdings
SUNB
|
+$818M |
| 5 |
Accenture
ACN
|
+$674M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Deere & Co
DE
|
+$1.48B |
| 2 |
Warner Bros
WBD
|
+$1.29B |
| 3 |
Phillips 66
PSX
|
+$759M |
| 4 |
ConocoPhillips
COP
|
+$728M |
| 5 |
EOG Resources
EOG
|
+$393M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.67% |
| 2 | Healthcare | 12.65% |
| 3 | Technology | 10.56% |
| 4 | Industrials | 10.45% |
| 5 | Energy | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Truist Financial
TFC
$61.6B
| $1.04M | ﹤0.01% |
22,630
-370
| -2% | -$18.3K |
|
127
Johnson Controls International
JCI
$86.7B
| $962K | ﹤0.01% |
7,350
-815
| -10% | -$105K |
|
128
Philip Morris
PM
$293B
| $843K | ﹤0.01% |
5,099
| – | – |
|
129
Moody's
MCO
$87.2B
| $831K | ﹤0.01% |
1,905
-43
| -2% | -$20.3K |
|
130
Applied Materials
AMAT
$391B
| $752K | ﹤0.01% |
2,200
| – | – |
|
131
AbbVie
ABBV
$468B
| $583K | ﹤0.01% |
2,682
| – | – |
|
132
Broadcom
AVGO
$1.75T
| $561K | ﹤0.01% |
1,813
+103
| +6% | +$33.9K |
|
133
Vanguard Morningstar Value ETF
VTV
$193B
| $505K | ﹤0.01% |
2,572
-17,287
| -87% | -$3.46M |
|
134
Tenet Healthcare
THC
$22.6B
| $453K | ﹤0.01% |
2,400
| – | – |
|
135
Herc Holdings
HRI
$5.41B
| $447K | ﹤0.01% |
4,495
-2,610
| -37% | -$372K |
|
136
Blackstone
BX
$108B
| $431K | ﹤0.01% |
3,750
| – | – |
|
137
Eli Lilly
LLY
$1.12T
| $414K | ﹤0.01% |
450
+36
| +9% | +$36.5K |
|
138
iShares 0-3 Month Treasury Bond ETF
SGOV
$103B
| $376K | ﹤0.01% |
3,736
+3,336
| +834% | +$335K |
|
139
Costco
COST
$420B
| $361K | ﹤0.01% |
362
-294
| -45% | -$287K |
|
140
Danaher
DHR
$154B
| $348K | ﹤0.01% |
1,838
-423
| -19% | -$90.1K |
|
141
Chevron
CVX
$403B
| $279K | ﹤0.01% |
1,350
| – | – |
|
142
Idexx Laboratories
IDXX
$43.9B
| $271K | ﹤0.01% |
482
+27
| +6% | +$17.3K |
|
143
Parker-Hannifin
PH
$126B
| $264K | ﹤0.01% |
295
| – | – |
|
144
PepsiCo
PEP
$196B
| $259K | ﹤0.01% |
1,665
-459
| -22% | -$71.5K |
|
145
Walmart Inc
WMT
$825B
| $259K | ﹤0.01% |
2,080
-1,432
| -41% | -$176K |
|
146
SAP
SAP
$252B
| $249K | ﹤0.01% |
+1,454
| New | +$300K |
|
147
ExxonMobil
XOM
$679B
| $249K | ﹤0.01% |
1,466
-500
| -25% | -$73K |
|
148
Diageo
DEO
$52.6B
| $245K | ﹤0.01% |
3,295
-200
| -6% | -$17.4K |
|
149
Unilever
UL
$138B
| $235K | ﹤0.01% |
+4,123
| New | +$276K |
|
150
Oshkosh
OSK
$9.7B
| $232K | ﹤0.01% |
1,575
-70
| -4% | -$10.9K |
|
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Bill Nygren's Q1 2026 Portfolio in Review
As of Q1 2026, Bill Nygren held 184 positions worth $75B, down 5.2% from $79.1B the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Bill Nygren's Q1 2026 filing shows 16 new, 41 increased, 88 reduced and 26 closed positions. Its largest new stake was Marsh: 5,169,119 shares worth $897M. The largest sale was Deere & Co, an estimated $1.48B.
By sector, the portfolio is most concentrated in Financials at 29% of assets, up from 28% a quarter earlier, followed by Healthcare and Technology.
- Bill Nygren's largest Q1 2026 buy was Marsh: 5,169,119 shares worth $897M.
- Bill Nygren added most to Salesforce in Q1 2026, an estimated $1.06B increase.
- Bill Nygren's biggest Q1 2026 reduction was Deere & Co, cutting an estimated $1.48B.
- Bill Nygren fully exited AstraZeneca in Q1 2026, selling an estimated $343M.
- Bill Nygren's ten largest holdings make up 31% of its $75B portfolio in Q1 2026.
- Bill Nygren opened 16 new positions and closed 26 in Q1 2026.
- Bill Nygren's portfolio value fell 5.2% quarter-over-quarter to $75B.
Based on Harris Associates's 13F filing for Q1 2026, filed 15 May 2026.