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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
+1.69%
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
$55.8B
AUM Growth
-$132M
Cap. Flow
-$993M
Cap. Flow %
-1.78%
Top 10 Hldgs %
33.28%
Holding
199
New
12
Increased
58
Reduced
85
Closed
23

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$626M
2
C icon
Citigroup
C
+$466M
3
CBRE icon
CBRE Group
CBRE
+$394M
4
DEO icon
Diageo
DEO
+$346M
5
RL icon
Ralph Lauren
RL
+$301M

Top Sells

Rank Stock Value
1
FRX
FOREST LABORATORIES INC
FRX
+$632M
2
APTV icon
Aptiv
APTV
+$533M
3
ITW icon
Illinois Tool Works
ITW
+$276M
4
DVN icon
Devon Energy
DVN
+$249M
5
DGX icon
Quest Diagnostics
DGX
+$229M

Sector Composition

Rank Sector Weight
1 Financials 30.11%
2 Technology 19.55%
3 Consumer Discretionary 13.52%
4 Industrials 11.41%
5 Healthcare 7.84%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BA icon
176
Boeing
BA
$169B
– –
-85,054
Closed -$11.6M
BP icon
177
BP
BP
$115B
– –
-5,291
Closed -$210K
CNO icon
178
CNO Financial Group
CNO
$4.95B
– –
-505,600
Closed -$8.94M
CXT icon
179
Crane NXT
CXT
$2.89B
– –
-791,696
Closed -$18.5M
DGX icon
180
Quest Diagnostics
DGX
$27B
– –
-4,268,300
Closed -$229M
EMR icon
181
Emerson Electric
EMR
$87.7B
– –
-214,250
Closed -$15M
FWONA icon
182
Liberty Media Series A
FWONA
$24.2B
– –
-7,909
Closed -$206K
GWW icon
183
W.W. Grainger
GWW
$61.8B
– –
-800
Closed -$204K
KR icon
184
Kroger
KR
$35.5B
– –
-81,254
Closed -$1.61M
LBTYA icon
185
Liberty Global Class A
LBTYA
$3.63B
– –
-7,093
Closed -$260K
MDLZ icon
186
Mondelez International
MDLZ
$82.3B
– –
-9,004
Closed -$318K
MET icon
187
MetLife
MET
$60B
– –
-42,189
Closed -$2.03M
NRT
188
North European Oil Royalty Trust
NRT
$79.3M
– –
-10,200
Closed -$204K
OVV icon
189
Ovintiv
OVV
$18.5B
– –
-1,664,070
Closed -$150M
RRC icon
190
Range Resources
RRC
$9.59B
– –
-3,000
Closed -$253K
SIG icon
191
Signet Jewelers
SIG
$3.16B
– –
-1,742,797
Closed -$137M
TM icon
192
Toyota
TM
$234B
– –
-59,600
Closed -$7.27M
BBBY
193
DELISTED
Bed Bath & Beyond Inc
BBBY
– –
-4,000
Closed -$321K
RDS.A
194
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
– –
-3,450
Closed -$230K
ESL
195
DELISTED
Esterline Technologies
ESL
– –
-18,950
Closed -$1.93M
KATE
196
DELISTED
Kate Spade & Company
KATE
– –
-697,000
Closed -$22.4M
UTIW
197
DELISTED
UTI WORLDWIDE INC
UTIW
– –
-132,950
Closed -$2.33M
KMP
198
DELISTED
KINDER MORGAN ENER PNTRS L.P.
KMP
– –
-9,200
Closed -$742K
4 5 6 7
8

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Bill Nygren's Q1 2014 Portfolio in Review

As of Q1 2014, Bill Nygren held 199 positions worth $55.8B, down 0.24% from $56B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Bill Nygren's Q1 2014 filing shows 12 new, 58 increased, 85 reduced and 23 closed positions. Its largest new stake was Citigroup: 9,362,711 shares worth $446M. The largest sale was FOREST LABORATORIES INC, an estimated $632M.

By sector, the portfolio is most concentrated in Financials at 30% of assets, up from 28% a quarter earlier, followed by Technology and Consumer Discretionary.

  • Bill Nygren's largest Q1 2014 buy was Citigroup: 9,362,711 shares worth $446M.
  • Bill Nygren added most to Apple in Q1 2014, an estimated $626M increase.
  • Bill Nygren's biggest Q1 2014 reduction was FOREST LABORATORIES INC, cutting an estimated $632M.
  • Bill Nygren fully exited Quest Diagnostics in Q1 2014, selling an estimated $229M.
  • Bill Nygren's ten largest holdings make up 33% of its $55.8B portfolio in Q1 2014.
  • Bill Nygren opened 12 new positions and closed 23 in Q1 2014.
  • Bill Nygren's portfolio value fell 0.24% quarter-over-quarter to $55.8B.

Based on Harris Associates's 13F filing for Q1 2014, filed 25 Apr 2014.