Bill Nygren

Bill Nygren

Last Update: 05-27-2015

Number of Stocks: 58
Number of New Stocks: 3

Total Value: $16,808 Mil
Q/Q Turnover: 5%

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 (%)
201411.5113.69-2.2
201337.2932.394.9
201220.97165.0
3-Year Cumulative85.2 (22.8%/year)74.6 (20.4%/year)10.6 (2.4%/year)
20111.822.11-0.3
201012.1815.06-2.9
5-Year Cumulative111.5 (16.2%/year)105.1 (15.5%/year)6.4 (0.7%/year)
200944.7726.4618.3
2008-32.61-374.4
2007-3.645.49-9.1
200618.2615.792.5
2005-1.314.91-6.2
10-Year Cumulative132.1 (8.8%/year)109.4 (7.7%/year)22.7 (1.1%/year)
200411.7310.880.8
200325.328.68-3.4
2002-14.41-22.17.7
200118.29-11.8930.2
200011.78-9.120.9
15-Year Cumulative267.7 (9.1%/year)86.4 (4.2%/year)181.3 (4.9%/year)
1999-10.4721.04-31.5
19983.7328.58-24.8
199732.5933.36-0.8
199616.2122.96-6.8
199534.4237.58-3.2
20-Year Cumulative607.3 (10.3%/year)554.6 (9.8%/year)52.7 (0.5%/year)
19943.311.322.0
199330.510.0820.4
199248.97.6241.3

Top Ranked Articles

Bill Nygren's Investing Answers to GuruFocus Q&A
GuruFocus took reader questions for highly respected and well-known value investor Bill Nygren of the Oakmark Funds (OAKIX)(OAKMX) a few weeks ago. Read more...
Gurus On Board: Ask Bill Nygren -- The Answers
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. Read more...
JNJ CFO on Synthes Financing
On Tuesday, Dominic Caruso, CFO and VP at Johnson & Johnson (NYSE:JNJ), presented at the Morgan Stanley Global Healthcare Conference. Most people know the back story on JNJ and where they stand today, so I won’t waste too much time on that topic. The one item that has been a key focal point in investor discussions as of late is the Synthes acquisition. A bit of the background from the press release in April when the deal was announced: Read more...
Kohl's- 20% off for a limited time only!
A while ago I ran a quick screen for cheap stocks with demonstrated earnings growth and a strong financial position. Often, screening for stocks leads me to small or unheard of companies, which sometimes do indeed present valuable opportunities. However, after this particular screen, one company was on my list which I needed no introduction to- Kohl’s. After a cursory analysis, I decided to research the company more thoroughly… Read more...
Bill Nygren on Best Buy (BBY), Capital One Financial (COF), Federal Express (FDX), Home Depot (HD)
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%). Read more...
» More Bill Nygren Articles

Commentaries and Stories

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Mastercard's Results Excluding Exchange Rate Effects
Last year, I wrote an article about MasterCard, Inc. (NYSE:MA) after Bill Nygren (Trades, Portfolio), the portfolio manager of The Oakmark Fund, had taken a long position on it. At that time, we calculated that Mastercard had a trailing P/E ratio that indicated overvaluation, but our valuation method said the contrary. Since my recommendation, the company´s shares surged by 25% in a period lower than a year. More...

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Bill Nygren: Interview With CNBC
Bill Nygren (Trades, Portfolio) of Oakmark Funds did a interview with CNBC where he discusses finding value amid volatility. During the interview, Mr. Nygren shared his top picks for the second half of the year. He discussed his love for financial service companies and said he was adding to his American Express (AXP) position. Mr. Nygren is also adding to his position in Fiat Sp.A (FIATY). More...

BILL NYGREN,OAKMARK FUND,AMERICAN EXPRESS,FIAT,VLAUE,GROWTH INVESTOR,CNBC


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Buying A Top U.S. Asset Manager Facing Temporary Headwinds
Franklin Resources (NYSE:BEN) is an asset manager providing investment service to retail and institutional investors. Funds are marketed under the well known Franklin, Templeton, Mutual Series and other brands. Franklin has over $850 billion in AUM. The asset base is more risky than is typical for asset managers with a big chunk consisting of equity investments. AUM is divided about 50-50 between equities and fixed income actually. In addition, Franklin Resources owes almost a third of the AUM to foreign investors. Retail investors also make up an important group of clients. As retail investors are more fickle as compared to their institutional counterparts, that also raises the risk profile of the company. In short; not your run-off-the-mill rocksolid asset manager. On the other hand, this type of AUM usually comes with higher returns. More...

LONG, ENERGY, OIL, FINANCE


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Bill Nygren Loves Financial Service Companies
Bill Nygren (Trades, Portfolio) doesn't think the market is overvalued. He views it as slightly more expensive than the historical norm. More...

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I See Long-Term Value In Caterpillar
As a value investor, I am continuously on a lookout for sectors and stocks that are depressed and hold long-term value. Sectors in limelight tend to have stretched valuations and it’s better to avoid stocks with premium valuations when markets are trading near record high levels. Yesterday, I discussed why Walmart (NYSE:WMT) is a value investment and a good dividend stock. My focus today is on another stock that holds tremendous long-term value and is undervalued at these levels. More...

LONG, INDUSTRIAL GOODS


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Oakmark's Bill Nygren Buys American Express, Fiat in Q2 Bill Nygren - Oakmark's Bill Nygren Buys American Express, Fiat In Q2
Bill Nygren (Trades, Portfolio) discussed many of his portfolio moves in his second quarter letter though he has not yet released the details in his second quarter portfolio. More...

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Bill Nygren Explains Why The Market Misunderstands Amazon's Valuation Bill Nygren - Bill Nygren Explains Why The Market Misunderstands Amazon's Valuation
You generally wouldn't expect to see a company like Amazon (NASDAQ:AMZN) in the portfolio of a value investor. More...

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Bill Nygren Comments on Monsanto Co
During the quarter we added two new positions to the Fund, Monsanto (MON) and Fiat Chrysler, and eliminated Medtronic because its share price appreciated towards our estimate of intrinsic value. More...

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Bill Nygren Comments on Chesapeake Energy Corp
Chesapeake Energy (CHK) has been a notably poor performer in 2015, down 42% since the start of the calendar year, and deserves further discussion. Every oil and gas producer has been hurt by the decline in commodity prices, but it has been particularly painful for Chesapeake. This is because Chesapeake has an unusually large fixed-cost base, which magnifies the impact falling revenue has on earnings. The outsized costs stem from onerous transportation contracts that require Chesapeake to pay a fixed-dollar amount to suppliers regardless of the volume of energy the company produces. Since a portion of these agreements cover assets that are not economical at today’s prices, Chesapeake’s high-return assets must now shoulder the full burden of these legacy costs as well as their own costs. At current commodity prices Chesapeake is losing money, and investors have become worried about the company’s liquidity. More...

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Bill Nygren Comments on Fiat Chrysler Automobiles NV
Fiat Chrysler Automobiles (FCAU - $15)(FCAU) More...

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Bill Nygren Comments on American Express Co
American Express (AXP - $27)(AXP) More...

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Bill Nygren's Oakmark Select Fund Second Quarter 2015 Commentary
The Oakmark Select Fund was essentially flat for the quarter, as was the S&P 500 Index. Three quarters into our fiscal 2015, the Oakmark Select Fund has returned 2%, compared to 6% for the S&P 500 Index. Our best performers in the quarter were Amazon (NASDAQ:AMZN), up 17%, and a number of our financials, including AIG (NYSE:AIG), which increased by more than 10%. Our worst performing names were Calpine and Chesapeake Energy, both of which declined by more than 20%. From a sector-weight standpoint, our large position in financials had a meaningfully positive impact on returns, offset by our underweight in health care. More...

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Bill Nygren's Oakmark Fund Second Quarter 2015 Commentary
The Oakmark Fund was up fractionally in the second quarter of 2015, closely matching a modest gain for the S&P 500. The Oakmark Fund was down fractionally for the full year and the S&P 500 was up 1%, when heightened volatility in the last week of the quarter, driven by European uncertainty, erased prior gains. While we are disappointed with these short-term results, we remain confident in the portfolio’s long-term return potential. More...

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Accenture: Strong Growth in Digital, Market Share Gains to Drive Growth
Accenture (NYSE:ACN) recently reported strong FQ3 results with its EPS beating estimates by 7 cents and revenues beating estimates by $220 million. The company also raised its adjusted EPS guidance to $4.73-$4.78 (from a prior $4.66-$4.76 ) and constant currency revenue guidance to 9%-10% (from 8%-10%). The company spent $518M on buybacks last quarter. With $4B of net cash position, I expect these buy backs to continue going forward. More...

LONG, Accenture


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The Market Is At About The Level It Is Supposed To Be – Bill Nygren Bill Nygren - The Market Is At About The Level It Is Supposed To Be – Bill Nygren
The stock market has run up for six consecutive years. More...

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Stocks Bill Nygren Is Buying From 'Undervalued' Financial Sector Bill Nygren - Stocks Bill Nygren Is Buying From 'Undervalued' Financial Sector
Value investor Bill Nygren (Trades, Portfolio) praised the financials sector in his first quarter investor letter, calling it “among the highest potential return sectors of the Fund.” More...

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20 Questions With Bill Nygren - Part II Bill Nygren - 20 Questions With Bill Nygren - Part II
10. How did you begin your career as an investor and what steps did you take to become as successful as you are today? Also, what made you want to become an investor? More...

20 QUESTIONS WITH THE GURUS, INTERVIEW, FINANCIAL INTERVIEW, STOCKS, OIL, ENERGY, TECHNOLOGY, Bill Nygren, Oakmark


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20 Questions With Bill Nygren - Part I Bill Nygren - 20 Questions With Bill Nygren - Part I
This month’s 20 Questions interviewee is the Oakmark Funds’ Bill Nygren (Trades, Portfolio). We gave our subscribers the opportunity to ask questions about his investment strategy and philosophy, the criteria he looks for in a company to add it to the portfolio, and advice for new investors. More...

20 QUESTIONS WITH THE GURUS, INTERVIEW, Q&A, Bill Nygren


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Oakmark Intl Small Cap Fund Adds Two New Positions During 1QFY15 David Herro, Bill Nygren - Oakmark Intl Small Cap Fund Adds Two New Positions During 1QFY15
Oakmark Intl Small Cap (Trades, Portfolio) Fund recently added two new positions to its portfolio of 59 stocks, valued around $2.95 billion with a 10% quarter over quarter turnover. More...

INTERNATIONAL, AUTOMOTIVE, TECHNOLOGY, Oakmark International Fund, David Herro, Bill Nygren


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Bill Nygren Buys 3 New Stocks in Q1 Bill Nygren - Bill Nygren Buys 3 New Stocks In Q1
Bill Nygren (Trades, Portfolio) said in his first-quarter letter to investors of his Oakmark Fund that he found equities the most attractive class, and he purchased three of them in the first quarter: Caterpillar Inc. (NYSE:CAT), Precision Castparts Corp (NYSE:PCP) and Baker Hughes Inc. (NYSE:BHI). More...

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Mdayan
ReplyMdayan - 3 months ago
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