Bill Nygren, who manages over $10 billion in his flagship Oakmark Fund, which has gained over 10% in the last year, is a fundamentals value investor. In this interview, he discusses several of his stock holdings, including financials JPMorgan (
JPM), Capital One (
COF) and Wells Fargo (
WFC). He also talks about Apple (
AAPL), the areas he's not invested in, such as bonds and stocks that look like bonds, such as those in the utilities, consumer non-durables, and why he likes share buybacks. "Three of the companies, Kohls (
KSS), Northrop Grumman (
NOC) and DirecTV (
DTV) all repurchased more than 10% of their shares last year," he said.
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