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 |
Oracle
ORCL
|
+$1.67B |
| 2 |
General Motors
GM
|
+$1.64B |
| 3 |
Intel
INTC
|
+$1.59B |
| 4 |
JPMorgan Chase
JPM
|
+$1.3B |
| 5 |
FedEx
FDX
|
+$1.29B |
Top Sells
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.02% |
| 2 | Technology | 16.93% |
| 3 | Industrials | 15.98% |
| 4 | Consumer Discretionary | 14.73% |
| 5 | Energy | 10.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
General Motors
GM
$77.2B
| $1.73B | 3.63% |
+51,908,590
| New | +$1.64B |
|
|
2
Intel
INTC
$476B
| $1.63B | 3.43% |
+67,381,692
| New | +$1.59B |
|
|
3
Oracle
ORCL
$422B
| $1.55B | 3.24% |
+50,319,721
| New | +$1.67B |
|
|
4
JPMorgan Chase
JPM
$935B
| $1.35B | 2.83% |
+25,538,239
| New | +$1.3B |
|
5
Mastercard
MA
$509B
| $1.32B | 2.77% |
+22,954,170
| New | +$1.28B |
|
|
6
FedEx
FDX
$76.9B
| $1.31B | 2.75% |
+13,306,653
| New | +$1.29B |
|
7
Wells Fargo
WFC
$254B
| $1.23B | 2.57% |
+29,720,979
| New | +$1.16B |
|
8
TE Connectivity
TEL
$58.9B
| $1.2B | 2.52% |
+26,318,508
| New | +$1.15B |
|
9
NOV
NOV
$7.28B
| $1.19B | 2.5% |
+19,206,704
| New | +$1.18B |
|
10
American International
AIG
$39.8B
| $1.18B | 2.48% |
+26,475,244
| New | +$1.14B |
|
11
Illinois Tool Works
ITW
$80.4B
| $1.16B | 2.44% |
+16,799,680
| New | +$1.12B |
|
12
Applied Materials
AMAT
$391B
| $1.07B | 2.24% |
+71,573,062
| New | +$1.04B |
|
13
Bank of America
BAC
$431B
| $989M | 2.08% |
+76,899,616
| New | +$980M |
|
14
Devon Energy
DVN
$54B
| $870M | 1.83% |
+16,770,577
| New | +$934M |
|
15
UnitedHealth
UNH
$350B
| $824M | 1.73% |
+12,591,400
| New | +$783M |
|
16
Franklin Templeton, Inc.
BEN
$17.4B
| $714M | 1.5% |
+15,755,703
| New | +$802M |
|
17
Aptiv
APTV
$10B
| $692M | 1.45% |
+13,654,556
| New | +$640M |
|
18
Texas Instruments
TXN
$241B
| $692M | 1.45% |
+19,841,822
| New | +$709M |
|
19
Dover
DOV
$27.2B
| $664M | 1.39% |
+12,755,591
| New | +$639M |
|
20
Medtronic
MDT
$119B
| $651M | 1.37% |
+12,644,991
| New | +$625M |
|
21
Visa
V
$693B
| $650M | 1.36% |
+14,218,348
| New | +$622M |
|
22
Capital One
COF
$134B
| $612M | 1.28% |
+9,736,898
| New | +$574M |
|
23
Cenovus Energy
CVE
$60.7B
| $610M | 1.28% |
+21,402,112
| New | +$632M |
|
24
Parker-Hannifin
PH
$126B
| $588M | 1.23% |
+6,160,405
| New | +$577M |
|
25
General Dynamics
GD
$104B
| $587M | 1.23% |
+7,493,786
| New | +$558M |
|
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Bill Nygren's Q2 2013 Portfolio in Review
Q2 2013 is the first quarter with a 13F filing on record for Bill Nygren, which disclosed 191 positions worth $47.6B. Its ten largest holdings account for 29% of the portfolio.
Its largest position is Oracle: 50,319,721 shares worth $1.55B.
By sector, the portfolio is most concentrated in Financials at 23% of assets, followed by Technology and Industrials.
- Bill Nygren's largest Q2 2013 buy was Oracle: 50,319,721 shares worth $1.55B.
- Bill Nygren's ten largest holdings make up 29% of its $47.6B portfolio in Q2 2013.
- Bill Nygren disclosed 191 positions in Q2 2013, its first 13F filing on record.
Based on Harris Associates's 13F filing for Q2 2013, filed 12 Aug 2013.