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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
+8.38%
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
$51.4B
AUM Growth
+$3.72B
Cap. Flow
-$24.6M
Cap. Flow %
-0.05%
Top 10 Hldgs %
31.22%
Holding
194
New
3
Increased
69
Reduced
73
Closed
13

Top Buys

Rank Stock Value
1
ORCL icon
Oracle
ORCL
+$484M
2
NOV icon
NOV
NOV
+$251M
3
BEN icon
Franklin Templeton, Inc.
BEN
+$238M
4
BAC icon
Bank of America
BAC
+$233M
5
GM icon
General Motors
GM
+$187M

Top Sells

Rank Stock Value
1
BA icon
Boeing
BA
+$436M
2
NOC icon
Northrop Grumman
NOC
+$396M
3
FLS icon
Flowserve
FLS
+$388M
4
DVN icon
Devon Energy
DVN
+$222M
5
RRC icon
Range Resources
RRC
+$205M

Sector Composition

Rank Sector Weight
1 Financials 24.95%
2 Technology 17.96%
3 Consumer Discretionary 14.68%
4 Industrials 13.89%
5 Energy 10.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNI icon
176
Canadian National Railway
CNI
$78.5B
$228K ﹤0.01%
4,500
– –
RRC icon
177
Range Resources
RRC
$9.59B
$228K ﹤0.01%
3,000
-2,626,458
-100% -$205M
NRT
178
North European Oil Royalty Trust
NRT
$79.3M
$223K ﹤0.01%
10,200
– –
RDS.A
179
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
$212K ﹤0.01%
3,450
– –
GWW icon
180
W.W. Grainger
GWW
$61.8B
$209K ﹤0.01%
800
– –
AYI icon
181
Acuity Brands
AYI
$10.3B
– –
-7,200
Closed -$544K
BP icon
182
BP
BP
$115B
– –
-7,059
Closed -$241K
CME icon
183
CME Group
CME
$98.9B
– –
-505,868
Closed -$38.4M
FLS icon
184
Flowserve
FLS
$10.1B
– –
-7,181,700
Closed -$388M
IFF icon
185
International Flavors & Fragrances
IFF
$21.5B
– –
-389,049
Closed -$29.2M
KR icon
186
Kroger
KR
$35.5B
– –
-13,000
Closed -$225K
NOC icon
187
Northrop Grumman
NOC
$78.3B
– –
-4,783,500
Closed -$396M
TDY icon
188
Teledyne Technologies
TDY
$29.5B
– –
-956,050
Closed -$74M
THO icon
189
Thor Industries
THO
$4.14B
– –
-187,194
Closed -$9.21M
TV icon
190
Televisa
TV
$1.47B
– –
-1,334,418
Closed -$33.1M
TWX
191
DELISTED
Time Warner Inc
TWX
– –
-3,911
Closed -$217K
KDN
192
DELISTED
KAYDON CORP
KDN
– –
-982,678
Closed -$27.1M
MOLXA
193
DELISTED
MOLEX INC CL-A
MOLXA
– –
-148,712
Closed -$3.7M
4 5 6 7
8

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Bill Nygren's Q3 2013 Portfolio in Review

As of Q3 2013, Bill Nygren held 194 positions worth $51.4B, up 7.8% from $47.6B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Bill Nygren's Q3 2013 filing shows 3 new, 69 increased, 73 reduced and 13 closed positions. Its largest new stake was Qualcomm: 2,111,925 shares worth $142M. The largest sale was Boeing, an estimated $436M.

By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 23% a quarter earlier, followed by Technology and Consumer Discretionary.

  • Bill Nygren's largest Q3 2013 buy was Qualcomm: 2,111,925 shares worth $142M.
  • Bill Nygren added most to Oracle in Q3 2013, an estimated $484M increase.
  • Bill Nygren's biggest Q3 2013 reduction was Boeing, cutting an estimated $436M.
  • Bill Nygren fully exited Northrop Grumman in Q3 2013, selling an estimated $396M.
  • Bill Nygren's ten largest holdings make up 31% of its $51.4B portfolio in Q3 2013.
  • Bill Nygren opened 3 new positions and closed 13 in Q3 2013.
  • Bill Nygren's portfolio value rose 7.8% quarter-over-quarter to $51.4B.

Based on Harris Associates's 13F filing for Q3 2013, filed 12 Nov 2013.