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Bill Nygren Buys 3M Company, Oracle Corp., Precision Castparts Corp., Sells Time Warner Cable Inc, Xerox Corp.

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.

Bill Nygren buys 3m Company, Oracle Corp., Precision Castparts Corp., Covidien Ltd., sells Time Warner Cable Inc, Xerox Corp. during the 3-months ended 06/30/2009, according to the most recent filings of Oak Mark Fund. Bill Nygren owns 50 stocks with a total value of $2.5 billion. These are the details of the buys and sells.

New Purchases: COV, MMM, ORCL, PCP,

Added Positions: BMY, DEO, ECA, HPQ, HRB, INTC, LINTA, MDT, MSFT, OMC, TYC,

Sold Out: TWC, XRX,

For the details of Bill Nygren's stock buys and sells, go to the Link Here

This is the sector weightings of Bill Nygren's portfolio:

Technology 14.4% 14.4%
Financials 13.2% 13.2%
Consumer Services 31.6% 31.6%
Health Care 5.8% 5.8%
Consumer Goods 7.9% 7.9%
Industrials 13.8% 13.8%
Oil & Gas 1.8% 1.8%


These are the top 5 holdings of Bill Nygren

  1. LIBERTY MEDIA CORPORATION - SERIES A LIBERTY ENTER (LMDIA) - 3,298,680 shares, 3.42% of the total portfolio
  2. Intel Corp. (INTC) - 4,350,000 shares, 2.79% of the total portfolio
  3. DIAGEO Plc (DEO) - 1,221,000 shares, 2.71% of the total portfolio
  4. Texas Instruments Inc. (TXN) - 3,200,000 shares, 2.64% of the total portfolio
  5. HewlettPackard Company (HPQ) - 1,725,000 shares, 2.59% of the total portfolio


Added: Microsoft Corp. (MSFT)

Bill Nygren added to his holdings in Microsoft Corp. by 62.5%. His purchase prices were between $18.97 and $23.94, with an estimated average price of $20.9. The impact to his portfolio due to this purchase was 0.92%. His holdings were 2,600,000 shares as of 06/30/2009.

Microsoft develops manufactures licenses and supports a wide range of software products for a multitude of computing devices. Microsoft software includes scalable operating systems for servers personal computers and intelligent devices; server applications for client/server environments; knowledge worker productivity applications; and software development tools. The Company's online efforts include the MSN network of Internet products and services and alliances with companies involved with broadband access and various forms of digital interactivity. Microsoft Corp. has a market cap of $218.49 billion; its shares were traded at around $24.55 with a P/E ratio of 14.4 and P/S ratio of 3.8. The dividend yield of Microsoft Corp. stocks is 2.1%. Microsoft Corp. had an annual average earning growth of 10% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 4-star.

Added: Hewlettpackard Company (HPQ)

Bill Nygren added to his holdings in Hewlettpackard Company by 142.72%. His purchase prices were between $34.07 and $38.35, with an estimated average price of $36. The impact to his portfolio due to this purchase was 0.91%. His holdings were 2,462,000 shares as of 06/30/2009.

Hewlett Packard is one of the leading global providers of computing and imaging solutions and services for business and home. The company is focused on capitalizing on the opportunities of the Internet and the proliferation of electronic services. Its major businesses include Imaging and Printing Systems Computing Systems and Information Technology Services Hewlettpackard Company has a market cap of $106.14 billion; its shares were traded at around $44.48 with a P/E ratio of 11.9 and P/S ratio of 0.9. The dividend yield of Hewlettpackard Company stocks is 0.7%. Hewlettpackard Company had an annual average earning growth of 25.8% over the past 5 years.

Added: Encana Corp. (ECA)

Bill Nygren added to his holdings in Encana Corp. by 72.73%. His purchase prices were between $44.72 and $56.22, with an estimated average price of $50.4. The impact to his portfolio due to this purchase was 0.77%. His holdings were 950,000 shares as of 06/30/2009.

EnCana Corporation is one of the world's largest independent natural gas producers and gas storage operators. Encana Corp. has a market cap of $39.17 billion; its shares were traded at around $52.22 with a P/E ratio of 10.4 and P/S ratio of 1.3. The dividend yield of Encana Corp. stocks is 3%. Encana Corp. had an annual average earning growth of 34% over the past 5 years.

Added: Diageo Plc (DEO)

Bill Nygren added to his holdings in Diageo Plc by 19.59%. His purchase prices were between $45.54 and $58.3, with an estimated average price of $52.4. The impact to his portfolio due to this purchase was 0.44%. His holdings were 1,221,000 shares as of 06/30/2009.

Diageo is an multinational branded food and drinks company. Diageo has an outstanding portfolio of world-famous food and drinks brands include Smirnoff Johnnie Walker J&B Gordon's Malibu Baileys Guinness and Tanqueray. Diageo Plc has a market cap of $40.17 billion; its shares were traded at around $64.29 with and P/S ratio of 2.4. The dividend yield of Diageo Plc stocks is 3.6%. Diageo Plc had an annual average earning growth of 12.1% over the past 10 years.

Added: Omnicom Group Inc. (OMC)

Bill Nygren added to his holdings in Omnicom Group Inc. by 24.13%. His purchase prices were between $27.51 and $32.59, with an estimated average price of $30.8. The impact to his portfolio due to this purchase was 0.3%. His holdings were 1,241,254 shares as of 06/30/2009.

Omnicom Group Inc. provides corporate communications services to clients worldwide on a global pan-regional national and local basis. The corporate communications services offered by the company include advertising in various media such as television radio newspaper magazines outdoor and the internet as well as public relations specialty advertising direct response and promotional marketing strategic media planning and buying and internet and digital media development. Omnicom Group Inc. has a market cap of $11.64 billion; its shares were traded at around $37.45 with a P/E ratio of 13.1 and P/S ratio of 0.9. The dividend yield of Omnicom Group Inc. stocks is 1.6%. Omnicom Group Inc. had an annual average earning growth of 12.9% over the past 10 years. GuruFocus rated Omnicom Group Inc. the business predictability rank of 5-star.

Added: Tyco International Ltd. (switzerland) (TYC)

Bill Nygren added to his holdings in Tyco International Ltd. (switzerland) by 17.25%. His purchase prices were between $21.15 and $27.66, with an estimated average price of $25.3. The impact to his portfolio due to this purchase was 0.3%. His holdings were 2,039,500 shares as of 06/30/2009.

Tyco International Ltd. a diversified manufacturing and service company is the world's largest manufacturer and servicer of electrical and electronic components and undersea telecommunications systems the world's largest manufacturer installer and provider of fire protection systems and electronic security services has strong leadership positions in disposable medical products plastics and adhesives and is the largest manufacturer of flow control valves. (press release) Tyco International Ltd. (switzerland) has a market cap of $14.91 billion; its shares were traded at around $31.49 with a P/E ratio of 12.3 and P/S ratio of 0.8. The dividend yield of Tyco International Ltd. (switzerland) stocks is 2.5%.

Added: Liberty Media Corp. Interactive Common S (LINTA)

Bill Nygren added to his holdings in Liberty Media Corp. Interactive Common S by 35.72%. His purchase prices were between $3.74 and $6.97, with an estimated average price of $5.5. The impact to his portfolio due to this purchase was 0.29%. His holdings were 5,699,850 shares as of 06/30/2009.

Liberty Media Corporation owns a broad range of electronic retailing media communications and entertainment businesses and investments. Its businesses include some of the world's most recognized and respected brands and companies including QVC Encore Starz IAC/InterActiveCorp Expedia and News Corporation. Liberty Media Corp. Interactive Common S has a market cap of $5.62 billion; its shares were traded at around $9.92 with and P/S ratio of 0.6. Liberty Media Corp. Interactive Common S had an annual average earning growth of 20.8% over the past 5 years.

Added: Intel Corp. (INTC)

Bill Nygren added to his holdings in Intel Corp. by 11.54%. His purchase prices were between $14.94 and $16.19, with an estimated average price of $15.6. The impact to his portfolio due to this purchase was 0.29%. His holdings were 4,350,000 shares as of 06/30/2009.

Intel Corporation one of the world's largest semiconductor chip maker supplies the computing and communications industries with chips boards and systems building blocks that are integral to computers servers and networking and communications products. Its products are offered at various levels of integration and are used by industry members to create advanced computing and communications systems. Intel Corp. has a market cap of $108.52 billion; its shares were traded at around $19.43 with a P/E ratio of 27.4 and P/S ratio of 3. The dividend yield of Intel Corp. stocks is 2.9%. Intel Corp. had an annual average earning growth of 0.4% over the past 10 years.

Added: Medtronic Inc. (MDT)

Bill Nygren added to his holdings in Medtronic Inc. by 12.12%. His purchase prices were between $29.4 and $34.76, with an estimated average price of $32.8. The impact to his portfolio due to this purchase was 0.27%. His holdings were 1,850,000 shares as of 06/30/2009.

Medtronic is the world's leading medical technology company pioneeringdevice-based therapies that restore health extend life and alleviate pain.Primary products include those for bradycardia pacing tachyarrhythmiamanagement atrial fibrillation management among others. Medtronic operates its business in one reportable segment that of manufacturing and selling device-based medical therapies. The company does business in more than 120 countries. The company's product lines include cardiac rhythm management neurological and spinal vascular and cardiac surgery. Medtronic Inc. has a market cap of $42.36 billion; its shares were traded at around $38.17 with a P/E ratio of 13.1 and P/S ratio of 2.9. The dividend yield of Medtronic Inc. stocks is 2.2%. Medtronic Inc. had an annual average earning growth of 14.7% over the past 10 years. GuruFocus rated Medtronic Inc. the business predictability rank of 4.5-star.

Added: Bristolmyers Squibb Company (BMY)

Bill Nygren added to his holdings in Bristolmyers Squibb Company by 8.7%. His purchase prices were between $19 and $20.64, with an estimated average price of $19.8. The impact to his portfolio due to this purchase was 0.16%. His holdings were 2,500,000 shares as of 06/30/2009.

Bristol-Myers Squibb Company is a global leader in the research and development of innovative lifesaving and life-enhancing treatments for heart disease; high blood pressure; stroke; diabetes; cancer; HIV/AIDS and other infectious diseases; depression schizophrenia and other mental disorders; pain; and other conditions. Bristolmyers Squibb Company has a market cap of $45.38 billion; its shares were traded at around $22.91 with a P/E ratio of 11.7 and P/S ratio of 2.2. The dividend yield of Bristolmyers Squibb Company stocks is 5.4%.

Added: H&r Block Inc. (HRB)

Bill Nygren added to his holdings in H&r Block Inc. by 7%. His purchase prices were between $13.81 and $16.24, with an estimated average price of $15.1. The impact to his portfolio due to this purchase was 0.13%. His holdings were 3,058,600 shares as of 06/30/2009.

H&R Block Inc. is a diversified company involved in tax return preparationelectronic filing of income tax returns and other tax-related services. The Company's subsidiaries also offer investment services through broker-dealers originate purchase service sell and securitize mortgages offer personal productivity software purchase participation interests in refund anticipation loans made by a third-party lender and offer accounting tax and consulting services to business clients. H&r Block Inc. has a market cap of $5.94 billion; its shares were traded at around $17.73 with a P/E ratio of 11.9 and P/S ratio of 1.4. The dividend yield of H&r Block Inc. stocks is 3.4%. H&r Block Inc. had an annual average earning growth of 0.9% over the past 10 years.

New Purchase: 3m Company (MMM)

Bill Nygren initiated holdings in 3m Company. His purchase prices were between $52.29 and $60.56, with an estimated average price of $57.1. The impact to his portfolio due to this purchase was 1.28%. His holdings were 550,000 shares as of 06/30/2009.

3M Company is a diversified technology company with leading positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety security and protection services; transportation and other businesses. They are an integrated enterprise characterized by substantial intercompany cooperation in research manufacturing and marketing of products. 3m Company has a market cap of $49.53 billion; its shares were traded at around $71.42 with a P/E ratio of 16.2 and P/S ratio of 2. The dividend yield of 3m Company stocks is 2.8%. 3m Company had an annual average earning growth of 9.6% over the past 10 years. GuruFocus rated 3m Company the business predictability rank of 2-star.

New Purchase: Oracle Corp. (ORCL)

Bill Nygren initiated holdings in Oracle Corp.. His purchase prices were between $18.28 and $21.19, with an estimated average price of $19.6. The impact to his portfolio due to this purchase was 1.16%. His holdings were 1,400,000 shares as of 06/30/2009.

Oracle Corporation is one of the world's leading suppliers of software for information management. The company develops manufactures markets and distributes computer software that helps corporations manage and grow their businesses. The company's software products can be categorized intotwo broad areas: Systems software and Internet business applications software. Oracle Corp. has a market cap of $111.16 billion; its shares were traded at around $22.2 with a P/E ratio of 15.7 and P/S ratio of 4.8. The dividend yield of Oracle Corp. stocks is 0.9%. Oracle Corp. had an annual average earning growth of 18.2% over the past 10 years. GuruFocus rated Oracle Corp. the business predictability rank of 4-star.

New Purchase: Precision Castparts Corp. (PCP)

Bill Nygren initiated holdings in Precision Castparts Corp.. His purchase prices were between $63.11 and $87.68, with an estimated average price of $77. The impact to his portfolio due to this purchase was 1.13%. His holdings were 400,000 shares as of 06/30/2009.

Precision Castparts Corp. is a worldwide manufacturer of complex metal components and products. The company is a market leader in manufacturing large complex structural investment castings and is a leading manufacturer of airfoil castings used in jet aircraft engines. In addition the company has expanded into the industrial gas turbine fluidmanagement industrial metalworking tools and machines and other metal products markets. Precision Castparts Corp. has a market cap of $12.15 billion; its shares were traded at around $86.77 with a P/E ratio of 12 and P/S ratio of 1.8. The dividend yield of Precision Castparts Corp. stocks is 0.1%. Precision Castparts Corp. had an annual average earning growth of 16.3% over the past 10 years. GuruFocus rated Precision Castparts Corp. the business predictability rank of 3-star.

New Purchase: Covidien Ltd. (COV)

Bill Nygren initiated holdings in Covidien Ltd.. His purchase prices were between $31.79 and $36.25, with an estimated average price of $34.7. The impact to his portfolio due to this purchase was 1.09%. His holdings were 750,000 shares as of 06/30/2009.

Covidien PLC formerly Covidien Ltd is engaged in the development manufacture and sale of healthcare products for use in clinical and home settings. It operates its business through four segments: Medical Devices Imaging Solutions Pharmaceutical Products and Medical Supplies. The Medical Devices segment includes the development manufacture and sale of endomechanical soft tissue repair energy oximetry and monitoring airway and ventilation vascular SharpSafety and clinical care products; Imaging Solutions which includes the development manufacture and marketing of radiopharmaceuticals and contrast products; Pharmaceutical Products which includes the development manufacture and distribution of dosage pharmaceuticals and active pharmaceutical ingredients and Medical Supplies which includes the development manufacture and sale of nursing care products medical surgical products and original equipment manufacturer products. Covidien Ltd. has a market cap of $19.6 billion; its shares were traded at around $38.89 with a P/E ratio of 13.3 and P/S ratio of 2. The dividend yield of Covidien Ltd. stocks is 1.6%.

Sold Out: Time Warner Cable Inc (TWC)

Bill Nygren sold out his holdings in Time Warner Cable Inc. His sale prices were between $27.27 and $35.82, with an estimated average price of $31.

Time Warner Cable Inc. is the second-largest cable operator in the U.S. and an industry leader in developing and launching innovative video data and voice services. They deliver their services to customers over technologically-advanced well-clustered cable systems that pass approximately 26 million homes. Time Warner Cable Inc has a market cap of $12.67 billion; its shares were traded at around $35.97 with a P/E ratio of 9.6 and P/S ratio of 0.7.

Sold Out: Xerox Corp. (XRX)

Bill Nygren sold out his holdings in Xerox Corp.. His sale prices were between $5.42 and $7.06, with an estimated average price of $6.4.

Xerox Corporation is The Document Company and a leader in the global document market providing document solutions that enhance business productivity. The Company has expertise in the production and management of documents: color and black-and-white digital and paper across networks or on a desktop in a commercial print facility or a quick-print shop for the small office or the global enterprise. Xerox Corp. has a market cap of $7.54 billion; its shares were traded at around $8.72 with a P/E ratio of 10.6 and P/S ratio of 0.4. The dividend yield of Xerox Corp. stocks is 2%.


Rating: 1.7/5 (3 votes)

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