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Bill Nygren Harris Associates
AUM
$75.4B
Turnover
12.87%
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
+3.66%
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
$55.6B
AUM Growth
+$858M
(+1.6%)
Cap. Flow
-$827M
Cap. Flow % of AUM
Cap. Flow %
-1.49%
Top 10 Holdings %
Top 10 Hldgs %
36.29%
Holding
124
New
8
Increased
35
Reduced
75
Closed
4
Avg Time Held
2.7
years
Top 10 Avg Time Held
2.4
years
Top 20 Avg Time Held
2.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baidu
BIDU
|
+$374M |
| 2 |
Oracle
ORCL
|
+$339M |
| 3 |
WFT
Weatherford International plc
WFT
|
+$297M |
| 4 |
GE Aerospace
GE
|
+$294M |
| 5 |
Howmet Aerospace
HWM
|
+$215M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Melco Resorts & Entertainment
MLCO
|
+$350M |
| 2 |
Aon
AON
|
+$240M |
| 3 |
Caterpillar
CAT
|
+$235M |
| 4 |
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
|
+$191M |
| 5 |
Intel
INTC
|
+$172M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.81% |
| 2 | Technology | 14.28% |
| 3 | Communication Services | 13.22% |
| 4 | Consumer Discretionary | 12.52% |
| 5 | Industrials | 9.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Citigroup
C
$206B
| $2.77B | 4.98% |
41,350,951
+221,171
| +0.5% | +$13.6M |
2014 Q1
13 quarters
|
|
|
2
Oracle
ORCL
$394B
| $2.46B | 4.42% |
48,989,216
+7,427,501
| +18% | +$339M |
2013 Q2
16 quarters
|
|
3
Bank of America
BAC
$349B
| $2.27B | 4.09% |
93,643,170
-424,088
| -0.5% | -$9.9M |
2013 Q2
16 quarters
|
|
4
General Motors
GM
$73B
| $2.17B | 3.91% |
62,227,361
-1,487,729
| -2% | -$50.5M |
2013 Q2
16 quarters
|
|
5
Alphabet (Google) Class C
GOOG
$3.64T
| $2.13B | 3.83% |
46,797,760
-859,640
| -2% | -$39.4M |
2013 Q2
16 quarters
|
|
6
TE Connectivity
TEL
$62.6B
| $2.08B | 3.74% |
26,408,595
-369,702
| -1% | -$28.3M |
2013 Q2
16 quarters
|
|
7
Mastercard
MA
$571B
| $1.72B | 3.09% |
14,136,266
-562,694
| -4% | -$66.7M |
2013 Q2
16 quarters
|
|
|
8
Baidu
BIDU
$26.4B
| $1.61B | 2.9% |
9,015,196
+2,066,614
| +30% | +$374M |
2015 Q3
7 quarters
|
|
|
9
GE Aerospace
GE
$346B
| $1.53B | 2.75% |
11,824,269
+2,147,326
| +22% | +$294M |
2013 Q2
16 quarters
|
|
10
American International
AIG
$42.9B
| $1.44B | 2.59% |
23,029,396
-1,021,296
| -4% | -$63.5M |
2013 Q2
16 quarters
|
|
11
Wells Fargo
WFC
$258B
| $1.42B | 2.56% |
25,684,927
+1,888,802
| +8% | +$101M |
2013 Q2
16 quarters
|
|
12
Willis Towers Watson
WTW
$30.5B
| $1.3B | 2.34% |
8,937,984
+1,027,587
| +13% | +$144M |
2013 Q2
16 quarters
|
|
13
Televisa
TV
$2.34B
| $1.21B | 2.18% |
49,692,561
-434,951
| -0.9% | -$10.8M |
2015 Q4
6 quarters
|
|
14
JPMorgan Chase
JPM
$912B
| $1.13B | 2.03% |
12,342,277
-278,853
| -2% | -$24.1M |
2013 Q2
16 quarters
|
|
15
HCA Healthcare
HCA
$105B
| $1.04B | 1.86% |
11,876,853
-337,623
| -3% | -$28.6M |
2016 Q1
5 quarters
|
|
16
APA Corp
APA
$16.1B
| $898M | 1.62% |
18,741,407
+2,343,985
| +14% | +$116M |
2013 Q2
16 quarters
|
|
17
UnitedHealth
UNH
$363B
| $861M | 1.55% |
4,644,572
-1,735
| -0% | -$304K |
2013 Q2
16 quarters
|
|
18
Ally Financial
ALLY
$11.4B
| $817M | 1.47% |
39,078,816
-1,515,630
| -4% | -$29.8M |
2015 Q4
6 quarters
|
|
19
Diageo
DEO
$55.7B
| $782M | 1.41% |
6,526,275
-176,765
| -3% | -$21.1M |
2013 Q2
16 quarters
|
|
|
20
Caterpillar
CAT
$277B
| $727M | 1.31% |
6,767,448
-2,314,221
| -25% | -$235M |
2013 Q4
14 quarters
|
|
21
Baxter International
BAX
$13.4B
| $717M | 1.29% |
11,846,207
-2,526,849
| -18% | -$144M |
2016 Q1
5 quarters
|
|
22
Charter Communications
CHTR
$15.2B
| $687M | 1.24% |
2,040,836
+328,988
| +19% | +$110M |
2015 Q3
7 quarters
|
|
23
Visa
V
$787B
| $686M | 1.23% |
7,312,471
-542,039
| -7% | -$50.3M |
2013 Q2
16 quarters
|
|
24
Capital One
COF
$117B
| $666M | 1.2% |
8,063,205
+588,664
| +8% | +$47.8M |
2013 Q2
16 quarters
|
|
25
MGM Resorts International
MGM
$8.35B
| $666M | 1.2% |
21,281,034
-2,292,635
| -10% | -$70.9M |
2016 Q1
5 quarters
|
|
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Bill Nygren's Q2 2017 Portfolio in Review
As of Q2 2017, Bill Nygren held 124 positions worth $55.6B, up 1.6% from $54.7B the previous quarter. Its ten largest holdings account for 36% of the portfolio.
Bill Nygren's Q2 2017 filing shows 8 new, 35 increased, 75 reduced and 4 closed positions. Its largest new stake was Blue Buffalo Pet Products, Inc: 2,344,399 shares worth $53.5M. The largest sale was Melco Resorts & Entertainment, an estimated $350M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, up from 33% a quarter earlier, followed by Technology and Communication Services.
- Bill Nygren's largest Q2 2017 buy was Blue Buffalo Pet Products, Inc: 2,344,399 shares worth $53.5M.
- Bill Nygren added most to Baidu in Q2 2017, an estimated $374M increase.
- Bill Nygren's biggest Q2 2017 reduction was Melco Resorts & Entertainment, cutting an estimated $350M.
- Bill Nygren fully exited Check Point Software Technologies in Q2 2017, selling an estimated $28.9M.
- Bill Nygren's ten largest holdings make up 36% of its $55.6B portfolio in Q2 2017.
- Bill Nygren opened 8 new positions and closed 4 in Q2 2017.
- Bill Nygren's portfolio value rose 1.6% quarter-over-quarter to $55.6B.
Based on Harris Associates's 13F filing for Q2 2017, filed 14 Aug 2017.