Bill Nygren

Bill Nygren

Last Update: 05-27-2016

Number of Stocks: 51
Number of New Stocks: 0

Total Value: $14,854 Mil
Q/Q Turnover: 2%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Bill Nygren' s Profile & Performance

Profile

Bill Nygren is Portfolio Manager of The Oakmark Fund, The Oakmark Select Fund, and the Oakmark Global Select Fund. Bill has an M.S. in Finance from the University of Wisconsin-Madison, and a B.S. in Accounting from the University of Minnesota.

Web Page:http://www.oakmark.com/

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.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Oakmark Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-3.951.19-5.1
201411.5113.69-2.2
201337.2932.394.9
3-Year Cumulative47 (13.7%/year)52.3 (15.1%/year)-5.3 (-1.4%/year)
201220.97165.0
20111.822.11-0.3
5-Year Cumulative81.1 (12.6%/year)80.4 (12.5%/year)0.7 (0.1%/year)
201012.1815.06-2.9
200944.7726.4618.3
2008-32.61-374.4
2007-3.645.49-9.1
200618.2615.792.5
10-Year Cumulative125.9 (8.5%/year)102 (7.3%/year)23.9 (1.2%/year)
2005-1.314.91-6.2
200411.7310.880.8
200325.328.68-3.4
2002-14.41-22.17.7
200118.29-11.8930.2
15-Year Cumulative216 (8%/year)107.5 (5%/year)108.5 (3%/year)
200011.78-9.120.9
1999-10.4721.04-31.5
19983.7328.58-24.8
199732.5933.36-0.8
199616.2122.96-6.8
20-Year Cumulative405.4 (8.4%/year)381.4 (8.2%/year)24 (0.2%/year)
199534.4237.58-3.2
19943.311.322.0
199330.510.0820.4
199248.97.6241.3

Top Ranked Articles

Carlson Reduces Holdings in Monsanto and eBay in 1st Quarter Guru invests in stakes in Charter Communications and Microsoft
The top two transactions in the first-quarter portfolio of David Carlson (Trades, Portfolio) of Elfun Trusts were large stake reductions – one in a biotechnology company, the other in an ecommerce company. Read more...
Fiat Chrysler Recalls Vehicles Over Transmission Problems Action affects more than 1 million vehicles in North American, international markets
London-based Fiat Chrysler Automobiles (NYSE:FCAU), the seventh-largest automaker in the world, announced Friday that it would recall more than 1 million vehicles because they can roll abruptly and, as a result, cause damage and/or injuries if the transmission is being used incorrectly. Read more...
Financial Stocks’ Weakness Attractive to Oakmark’s Nygren – Top Picks Nygren is buying low-price financials, while Bill Gross says the sector won't get better
In search of a great unloved sector, Oakmark Funds’ Bill Nygren (Trades, Portfolio) vouched for financial stocks in 2016. He had 18 in this portfolio at the end of the fourth quarter, and in spite of their downward slide this year he hasn’t changed his mind. Read more...
Oakmark Fund Sells General Mills, American Express, Chesapeake Energy With several weeks until his complete portfolio filing, Oakmark Fund manager discloses 4 first-quarter sells
Before filing his complete portfolio update not due for several weeks, Bill Nygren (Trades, Portfolio) in his first quarter letter from Friday disclosed some highlights of his fund’s activity, including the end of four positions. Read more...
Bill Nygren Comments on Fiat Chrysler Guru stock highlight
Similarly, we have increased our position in Fiat Chrysler (NYSE:FCAM) mandatory convertible bonds at prices that preserved the upside of the equity with the added benefit of downside protection through a unique conversion feature, purchased at minimal additional cost, while capturing a tax loss as we sold a corresponding dollar amount of Fiat Chrysler equity. In January, we also sold Ferrari shares upon distribution from Fiat Chrysler because the shares were near our estimate of intrinsic value. We used the proceeds to purchase a like dollar amount of Fiat Chrysler shares, which were selling at a much larger discount to our estimate of value. Read more...
» More Bill Nygren Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Carlson Reduces Holdings in Monsanto and eBay in 1st Quarter Guru invests in stakes in Charter Communications and Microsoft Bill Nygren,David Carlson - Carlson Reduces Holdings In Monsanto And EBay In 1st Quarter
The top two transactions in the first-quarter portfolio of David Carlson (Trades, Portfolio) of Elfun Trusts were large stake reductions – one in a biotechnology company, the other in an ecommerce company. More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

Fiat Chrysler Recalls Vehicles Over Transmission Problems Action affects more than 1 million vehicles in North American, international markets Bill Nygren, Mohnish Pabrai - Fiat Chrysler Recalls Vehicles Over Transmission Problems
London-based Fiat Chrysler Automobiles (NYSE:FCAU), the seventh-largest automaker in the world, announced Friday that it would recall more than 1 million vehicles because they can roll abruptly and, as a result, cause damage and/or injuries if the transmission is being used incorrectly. More...

  • Currently 4.67/5

Rating: 4.7/5 (3 votes)

Financial Stocks’ Weakness Attractive to Oakmark’s Nygren – Top Picks Nygren is buying low-price financials, while Bill Gross says the sector won't get better Bill Nygren - Financial Stocks’ Weakness Attractive To Oakmark’s Nygren – Top Picks
In search of a great unloved sector, Oakmark Funds’ Bill Nygren (Trades, Portfolio) vouched for financial stocks in 2016. He had 18 in this portfolio at the end of the fourth quarter, and in spite of their downward slide this year he hasn’t changed his mind. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Oakmark Fund Sells General Mills, American Express, Chesapeake Energy With several weeks until his complete portfolio filing, Oakmark Fund manager discloses 4 first-quarter sells Bill Nygren - Oakmark Fund Sells General Mills, American Express, Chesapeake Energy
Before filing his complete portfolio update not due for several weeks, Bill Nygren (Trades, Portfolio) in his first quarter letter from Friday disclosed some highlights of his fund’s activity, including the end of four positions. More...

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Bill Nygren, David Herro Comment on Credit Suisse Guru stock highlight
Credit Suisse (NYSE:CS) (Switzerland) was the largest detractor for the quarter, declining by 34%. Although CEO Tidjane Thiam warned that fourth-quarter earnings would be weak, some one-off expenses related to litigation, pension true-up charges and write-downs on certain credit assets were negative surprises during the period. However, this has caused the management team to accelerate the restructuring and reduction of non-core investment banking lines of businesses. The goal is to emphasize the wealth management business that has very good secular growth trends, is fee based and requires little capital. We believe Credit Suisse’s capital position remains solid with a Tier 1 capital ratio of 11.4% as of year-end, which is in excess of regulators’ 10% requirement. Despite some near-term challenges, we continue to believe that over time shareholders will benefit from CEO Thiam’s initiatives to correct some legacy missteps, grow the business and reduce costs. More...

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Rating: 5.0/5 (1 vote)

Bill Nygren, David Herro Comment on Oracle Guru stock highlight
The largest contributor to performance for the quarter was Oracle (NYSE:ORCL) (U.S.), which returned 12%. Shares reacted positively to stronger-than-expected fiscal third quarter results from the cloud-based business. We believe Oracle’s successful transition to the cloud indicates that the company is on the right track. Management also recently announced a $10 billion increase to Oracle’s existing share repurchase program. Even though its stock has enjoyed recent price increases, we believe Oracle remains undervalued relative to its normalized earnings power. More...

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Bill Nygren Comments on Fiat Chrysler Guru stock highlight
Similarly, we have increased our position in Fiat Chrysler (NYSE:FCAM) mandatory convertible bonds at prices that preserved the upside of the equity with the added benefit of downside protection through a unique conversion feature, purchased at minimal additional cost, while capturing a tax loss as we sold a corresponding dollar amount of Fiat Chrysler equity. In January, we also sold Ferrari shares upon distribution from Fiat Chrysler because the shares were near our estimate of intrinsic value. We used the proceeds to purchase a like dollar amount of Fiat Chrysler shares, which were selling at a much larger discount to our estimate of value. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Bill Nygren Comments on Chesapeake Energy Guru stock highlight
While there were no new companies purchased in the quarter, recent volatility in the equity and fixed income markets allowed us to purchase securities within the capital structure of two existing holdings in a way that maintained upside to these undervalued companies and added downside protection, while also providing a tax benefit. In the case of Chesapeake Energy (NYSE:CHK), we purchased bonds at prices that offered similar upside to the equity, despite higher seniority in the capital structure, while capturing a tax loss on the sale of equity. More...

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Bill Nygren Comments on Chesapeake Energy Guru stock highlight
When a business doesn’t meet our expectations, we reduce our intrinsic value estimate accordingly, and the remaining three eliminations fall into that category. Selling our positions in American Express, Union Pacific and Chesapeake Energy allowed us to take tax losses while reinvesting proceeds into businesses in which we have more long-term confidence. Specifically, Chesapeake Energy (NYSE:CHK) has been a poor performer as oil prices have dropped from over $100 per barrel to less than $40 per barrel. Therefore, we swapped our Chesapeake holdings for other energy holdings that are also undervalued based on expected cost-cutting and higher commodity prices, but have what we believe are stronger balance sheets. More...

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Bill Nygren Comments on General Mills Guru stock highlight
General Mills (NYSE:GIS) has provided favorable returns since we added the stock in early 2014, and we sold our position as the share price approached our estimate of intrinsic value. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Bill Nygren and David Herro's Oakmark Global Select Fund: First Quarter 2016 Commentary Commentary on markets and holdings Bill Nygren,David Herro - Bill Nygren And David Herro's Oakmark Global Select Fund: First Quarter 2016 Commentary
The Oakmark Global Select Fund declined 4% for the quarter ended March 31, 2016, underperforming the MSCI World Index, which was flat for the quarter. The Fund has returned an average of 7% per year since its inception in October 2006, outperforming the MSCI World Index’s annualized gain of 4% over the same period. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Bill Nygren's Oakmark Select Fund: First Quarter 2016 Commentary Commentary on markets and holdings Bill Nygren - Bill Nygren's Oakmark Select Fund: First Quarter 2016 Commentary
For the quarter, the Oakmark Select Fund declined 6%, compared to a 1% gain in the S&P 500 Index. Our financial sector holdings accounted for over 80% of the decline in the Fund this quarter. While we are disappointed with this outcome, we remain confident in our financial holdings and the same process that has delivered success since the Fund’s inception. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Bill Nygren's Oakmark Fund: First Quarter 2016 Commentary Commentary on markets and holdings Bill Nygren - Bill Nygren's Oakmark Fund: First Quarter 2016 Commentary
The Oakmark Fund declined 1% in the first quarter of 2016, and it lagged behind the 1% gain for the S&P 500. While the broader market increased only modestly from the first day of the quarter to the last, a closer look shows heightened intra-quarter volatility, with a 10% decline during the first half of the quarter followed by a swift recovery during the second half. Not surprisingly, oil prices followed a similar pattern, and the Fund’s energy stocks increased from their early quarter lows. Interest rates remained at decades-low levels during the quarter, fueling “lower for longer” concerns, which along with worries about energy exposure added further pressure to the Fund’s financial stocks. At Oakmark, we remain focused on assessing the long-term underlying value of businesses, which we believe are much less volatile than stock prices. As such, the financial sector’s pronounced weakness has made the segment more attractive to us, and despite recent share price declines, financial companies still represent almost one-third of the Fund’s equity holdings. More...

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Citigroup, Amgen Are Trading With Wide Margin of Safety A look at undervalued guru stocks Steven Romick, Bill Nygren, David Tepper - Citigroup, Amgen Are Trading With Wide Margin Of Safety
The following are some of the stocks that are trading below the Peter Lynch earnings line, according to GuruFocus' All-in-One Screener. More...

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Guru Stocks With Low PS Ratio, Wide Margin of Safety Telecom Italia and Cummins are undervalued according to Peter Lynch earnings line Bill Nygren, Mairs and Power, Charles Brandes - Guru Stocks With Low PS Ratio, Wide Margin Of Safety
According to GuruFocus' All-in-One Screener, the following are companies with a market cap above $5 billion that are trading with a very low P/S ratio. More...

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Caxton Associates Sells Bank of America, Monster Beverage Top sales during 4th quarter had strong impact on the portfolio Caxton Associates, Bill Nygren - Caxton Associates Sells Bank Of America, Monster Beverage
Caxton Associates (Trades, Portfolio), a firm with a $628 million in assets, makes bets on macroeconomic trends through liquid assets, including stocks, bonds, currencies and commodities. During the last quarter, the fund reduced several of its stakes and the following were the most heavily weighted trades: More...

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The Case for Eating Your Own Cooking - Oakmark Funds Firm with investors Bill Nygren and David Herro on importance of putting your money alongside your clients' Bill Nygren - The Case For Eating Your Own Cooking - Oakmark Funds
At Harris Associates, we believe there is no better way to convey confidence in our stock-picking abilities than to invest in our own funds. Each year we voluntarily disclose the total assets that the firm’s employees, our families and the Funds’ trustees have invested in the Oakmark Funds; as of December 31, 2015, that number is over $440 million, reflecting significant share purchases during the past year. In the words of Warren Buffett (Trades, Portfolio), “To be successful in business and investing, you’ve got to have skin in the game.” The Oakmark Funds family, incepted in 1991, was born out of that idea: The partners at Harris Associates wanted to start mutual funds in which they could invest their personal money with the same long-term, value-investing approach successfully employed in the firm’s client accounts. More...

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Bill Nygren Makes Big Investment in Ally Financial Guru acquires nearly 10.5 million shares in 4th quarter Bill Nygren - Bill Nygren Makes Big Investment In Ally Financial
Guru Bill Nygren (Trades, Portfolio) purchased a 10,456,000-share stake in Ally Financial Inc. (NYSE:ALLY) in the fourth quarter. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Oakmark Fund Buys Ally Financial, Sells Amazon Ally's internal improvements will offset industry pressures, Nygren says Bill Nygren - Oakmark Fund Buys Ally Financial, Sells Amazon
Oakmark Fund portfolio manager Bill Nygren (Trades, Portfolio) stayed true to the firm’s concentrated approach during the fourth quarter, initiating one new holding and selling three others that had reached the fund’s estimate of true value. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Bill Nygren Boosts Stakes in Halliburton, American Express, Caterpillar The guru also increases stakes in JPMorgan, Citigroup, Apple, FedEx Bill Nygren,Glenn Greenberg,Pioneer Investments,Jo - Bill Nygren Boosts Stakes In Halliburton, American Express, Caterpillar
Bill Nygren (Trades, Portfolio) increased his stake in many stocks, but most of them were below 10%. He is portfolio manager of the Oakmark Fund. He 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. More...

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