Bill Nygren is Portfolio Manager of The Oakmark Fund, The Oakmark Select Fund, and the Oakmark Global Select Fund. As of 9/30/2007, the Oakmark Fund has returned 15.01% annually since its inception in August 1991. On an annual basis, the Oakmark Select and the Oakmark Global Select Funds have returned 16.79% and 16.23% respectively since their inceptions in late 1996. Bill has an M.S. in Finance from the University of Wisconsin-Madison, and a B.S. in Accounting from the University of Minnesota.
Investing Philosophy:
Bill Nygren and his partners are value investors, and they invest in companies that they believe trade at a substantial discount to what they consider to be the true business value. They believe that, over time, the price of a stock will rise to reflect the value of the underlying company. In evaluating potential investments, they focus on the following characteristics: A company's stock price and whether it is a significant discount to their estimate of underlying business value, free cash flows and intelligent investment of excess cash, and a high level of manager ownership. They look at each purchase as if they are buying a piece of a business, and not just a stock certificate.
(GuruFocus, October 13, 2009) Investment Guru Bill Nygren is making a major comeback. In the past 6 months, the stocks which fell the most has come back the most; same thing is happening with the mutual funds and the fortune of their fund managers. More...
Bill Nygren, manager of the Oakmark fund, said investors are focusing on the wrong measure when they grow concerned about how far stock prices have risen since March. Then, he said, stocks crashed to "irrationally" low prices amid fear, so the recent climb is based on rational expectations for an eventual recovery. He is focused on earnings. More...
Like many other value peers, Bill Nygren had a difficult 2008. But to him, stocks were vastly undervalued, and it is still undervalued with S&P500 at around 900. Bill Nygren sold some stocks to buy others which are more attractively priced. This is the Q2 portfolio update. More...
Finally some relief for value managers. Bill Nygren's Oakmark Fund increased in value by 23% last quarter compared to the 16% increase in the S&P 500. After a great run up in the stock market, is it now still undervalued? More...
Bill Nygren is the manager of Oakmark Fund and Oakmark Select Fund. The Oakmark Fund declined 10% last quarter, the Oakmark Select Fund declined 6%, compared to an 11% drop in the S&P 500. Over the past 12 months, his funds were slightly better than the market average. More...
Bill Nygren’s fund lost 33% in 2008, not bad considering his largest holding was Washington Mutual. He had a few winners, which helped him to do considerably better than other value managers. He bought Illinois Tool Works, Microsoft, Omnicom and eBay which are described below. More...
Bill Nygren had a tough year, as his largest holding Washington Mutual become insolvent. He sold his position before that, but still had large loss. The third quarter was a good quarter for him, as his fund lost only 1%. He bought American Express (AXP – $35) and Boeing (BA – $57). More...
Like many other value investors, Bill Nygren’s performance has been hurt by owning financials and not owning energy. His Oakmark Fund fell 4%, and Oakmark Select Fund lost 7% during the second quarter. He has made YUM! Brands the largest position, and bought Bank of America and Walgreen. These are his recent commentary on these stocks. More...
Bill Nygren Commentary: "As shown by Bear Stearns, the market today is extracting a large toll from forced sellers. Though we always discourage short-term investing, we believe that such advice is especially important now." More...
2007 was a tough year for value investors. With Washington Mutual as the largest holdings, Bill Nygren was hit hard by the banking industry meltdown. This is his most recent commentary: “So we ask ourselves, where are we now seeing fear, and where are we seeing greed?” More...
Bill Nygren’s funds have been hit hard by the recent declines of financial stocks. He addresses his shareholders, discusses his current holdings. “I’d like to address our holdings by categorizing them into four groups.” More...
Bill Nygren likes to buy stocks with low P/E ratios, but he is also very cautious of not buying into a value trap. He manages the $5.8 billion Oakmark Fund (10–year average 7.26% ) and more concentrated $5.9 billion Oakmark Select Fund (10-year average 15.16%). These are the details of the buys and sells. during the seond quarter. More...
Bill Nygren is the portfolio manager of the $5.8 billion Oakmark Fund (10–year average 7.26% ) and more concentrated $5.9 billion Oakmark Select Fund (10-year average 15.16%). Recently our readers got an opportunity to ask him questions, and today we got his answers back. More...
We have started a Gurus on Board program with which our readers get to ask questions to Gurus. After we ask questions from Mohnish Pabrai, now we have Bill Nygren answering your questions. More...
Bill Nygren is the portfolio manager of the $5.8 billion Oakmark Fund (10–year average 7.26%) and more concentrated $5.9 billion Oakmark Select Fund (10-year average 15.16%). More...
Bill Nygren shares his view about private equity. "Private equity. The term is everywhere. You can’t go to a financial website, read the business section of a newspaper, or watch stock market shows on TV without hearing about private equity." More...
Most veteran value investors have a story about the stock they wished they had let get away. The shares looked attractive and the company's worst troubles seemed behind it. But instead of a quick fix, they got quicksand; the stock languished, a waste of money and time. More...
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