We are live on ! Find out more
BN

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
+6.22%
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
$79.1B
AUM Growth
+$16.7B
Cap. Flow
+$13.3B
Cap. Flow %
16.75%
Top 10 Hldgs %
31.29%
Holding
187
New
10
Increased
58
Reduced
74
Closed
19

Top Buys

Rank Stock Value
1
TRGP icon
Targa Resources
TRGP
+$939M
2
ICE icon
Intercontinental Exchange
ICE
+$844M
3
AER icon
AerCap
AER
+$774M
4
FISV
Fiserv Inc
FISV
+$736M
5
ZBH icon
Zimmer Biomet
ZBH
+$712M

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$711M
2
WBD icon
Warner Bros
WBD
+$400M
3
C icon
Citigroup
C
+$392M
4
BAC icon
Bank of America
BAC
+$386M
5
BNY
Bank of New York Mellon
BNY
+$374M

Sector Composition

Rank Sector Weight
1 Financials 28.43%
2 Healthcare 13.9%
3 Industrials 11.55%
4 Consumer Discretionary 10.46%
5 Energy 9.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AON icon
151
Aon
AON
$75.3B
$247K ﹤0.01%
699
-5
-0.7% -$1.75K
XOM icon
152
ExxonMobil
XOM
$679B
$237K ﹤0.01%
1,966
– –
PUK icon
153
Prudential
PUK
$35B
$234K ﹤0.01%
7,520
+25
+0.3% +$716
HDB icon
154
HDFC Bank
HDB
$121B
$219K ﹤0.01%
6,000
-2,756
-31% -$99.1K
LBRDA
155
DELISTED
Liberty Broadband Class A
LBRDA
$208K ﹤0.01%
4,305
-1,000
-19% -$51.8K
ADP icon
156
Automatic Data Processing
ADP
$112B
$207K ﹤0.01%
805
– –
OSK icon
157
Oshkosh
OSK
$9.7B
$207K ﹤0.01%
1,645
– –
DIS icon
158
Walt Disney
DIS
$186B
$206K ﹤0.01%
1,810
-113
-6% -$12.4K
CVX icon
159
Chevron
CVX
$403B
$206K ﹤0.01%
1,350
-303
-18% -$46.1K
VOT icon
160
Vanguard Morningstar Mid-Cap Growth ETF
VOT
$19.7B
$195K ﹤0.01%
700
– –
PDX
161
PIMCO Dynamic Income Strategy Fund
PDX
$970M
$188K ﹤0.01%
10,000
– –
ACWI icon
162
iShares MSCI ACWI ETF
ACWI
$33.3B
$155K ﹤0.01%
1,092
– –
NUV icon
163
Nuveen Municipal Value Fund
NUV
$1.88B
$135K ﹤0.01%
+14,854
New +$134K
IWM icon
164
iShares Russell 2000 ETF
IWM
$81.9B
$131K ﹤0.01%
533
– –
SGOV icon
165
iShares 0-3 Month Treasury Bond ETF
SGOV
$103B
$40.2K ﹤0.01%
+400
New +$40.2K
INDA icon
166
iShares MSCI India ETF
INDA
$6.61B
$32.4K ﹤0.01%
600
– –
EUFN icon
167
iShares MSCI Europe Financials ETF
EUFN
$4.28B
$22.3K ﹤0.01%
600
– –
IEUR icon
168
iShares Core MSCI Europe ETF
IEUR
$9.43B
$3.27K ﹤0.01%
46
– –
ACVA icon
169
ACV Auctions
ACVA
$1.26B
– –
-3,804,814
Closed -$37.7M
BKNG icon
170
Booking.com
BKNG
$158B
– –
-1,150
Closed -$248K
CDNS icon
171
Cadence Design Systems
CDNS
$87.9B
– –
-790
Closed -$277K
CFG icon
172
Citizens Financial Group
CFG
$29.4B
– –
-15,702
Closed -$835K
CRI icon
173
Carter's
CRI
$1.31B
– –
-11,700
Closed -$330K
EFA icon
174
iShares MSCI EAFE ETF
EFA
$80B
– –
-468
Closed -$43.7K
HON icon
175
Honeywell
HON
$68.4B
– –
-1,077
Closed -$214K
4 5 6
7
8

Similar funds

Alkeon Capital Management
Alkeon Capital Management New York $74.1B AUM 71.18% 1-Year Est. Return
BC
Brookfield Corp Toronto, Ontario, Canada $77B AUM 10.33% 1-Year Est. Return
Corient Private Wealth
Corient Private Wealth Miami, Florida $77.5B AUM 27.94% 1-Year Est. Return
Bessemer Group
Bessemer Group Woodbridge, New Jersey $72.7B AUM 39.36% 1-Year Est. Return
Baird Financial Group
Baird Financial Group Milwaukee, Wisconsin $72.7B AUM 26.4% 1-Year Est. Return
Renaissance Technologies
Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return
Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group Tokyo, Japan $78.8B AUM 48.4% 1-Year Est. Return
Tudor Investment Corp
Tudor Investment Corp Stamford, Connecticut $71.9B AUM 42.37% 1-Year Est. Return

Bill Nygren's Q4 2025 Portfolio in Review

As of Q4 2025, Bill Nygren held 187 positions worth $79.1B, up 27% from $62.4B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Bill Nygren deployed $13.3B of net new capital in Q4 2025, opening 10 new positions and adding to 58 existing holdings. Its largest new stake was AerCap: 5,840,480 shares worth $840M.

By sector, the portfolio is most concentrated in Financials at 28% of assets, down from 30% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $711M trimmed.

  • Bill Nygren's largest Q4 2025 buy was AerCap: 5,840,480 shares worth $840M.
  • Bill Nygren added most to Targa Resources in Q4 2025, an estimated $939M increase.
  • Bill Nygren's biggest Q4 2025 reduction was Alphabet (Google) Class A, cutting an estimated $711M.
  • Bill Nygren fully exited ACV Auctions in Q4 2025, selling an estimated $37.7M.
  • Bill Nygren's ten largest holdings make up 31% of its $79.1B portfolio in Q4 2025.
  • Bill Nygren opened 10 new positions and closed 19 in Q4 2025.
  • Bill Nygren's portfolio value rose 27% quarter-over-quarter to $79.1B.

Based on Harris Associates's 13F filing for Q4 2025, filed 17 Feb 2026.