Bill Nygren, the manager of Oakmark Fund, is a patient investor. He likes to buy companies that are mispriced by market. Since inception in 1991, his fund has average more than 15% per year. These are his buys and sells during the first quarter of 2007.
Bill Nygren buys Sprint Nextel Corp., sells Mattel Inc., Comcast Cl A Spcl, Gannett Co. Inc. during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, Oak Mark Fund. Bill Nygren owns 50 stocks with a total value of $11 billion. These are the details of the buys and sells.
New Purchases: S,
Added Positions: MDT,
Reduced Positions: DISH, GPS, MTG, SUNW,
Sold Out: CMCSK, GCI, MAT,
Added: Medtronic Inc. (MDT, Financial)
Bill Nygren added to his holdings in Medical Equipment company Medtronic Inc. by 48%. His purchase prices were between $48.56 and $54.01, with an estimated average price of $51.7. The impact to his portfolio due to this purchase was 0.54%. His holdings were 1,850,000 shares as of 03/31/2007. Shares of Medtronic Inc. were traded at around $50.8.
New Purchase: Sprint Nextel Corp. (S, Financial)
Bill Nygren initiated holdings in Fixed Line Telecom company Sprint Nextel Corp.. His purchase prices were between $17.21 and $19.93, with an estimated average price of $18.5. The impact to his portfolio due to this purchase was 3.38%. His holdings were 10,000,000 shares as of 03/31/2007. Shares of Sprint Nextel Corp. were traded at around $21.46.
Reduced: Gap Inc. (GPS, Financial)
Bill Nygren reduced to his holdings in Apparel Retailers company Gap Inc. by 29.35%. His sale prices were between $17.42 and $20.21, with an estimated average price of $18.9. The impact to his portfolio due to this sale was 1.23%. Bill Nygren still held 5,066,700 shares as of 03/31/2007. Shares of Gap Inc. were traded at around $18.41.
Reduced: Sun Microsystems Inc. (SUNW, Financial)
Bill Nygren reduced to his holdings in Computer Hardware company Sun Microsystems Inc. by 36.33%. His sale prices were between $5.6 and $6.63, with an estimated average price of $6.2. The impact to his portfolio due to this sale was 0.98%. Bill Nygren still held 12,270,000 shares as of 03/31/2007. Shares of Sun Microsystems Inc. were traded at around $5.38.
Reduced: Echostar Communications Corp. (DISH, Financial)
Bill Nygren reduced to his holdings in Broadcasting & Entertainment company Echostar Communications Corp. by 32.79%. His sale prices were between $38.37 and $43.36, with an estimated average price of $41.5. The impact to his portfolio due to this sale was 0.61%. Bill Nygren still held 1,025,000 shares as of 03/31/2007. Shares of Echostar Communications Corp. were traded at around $48.43.
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Bill Nygren buys Sprint Nextel Corp., sells Mattel Inc., Comcast Cl A Spcl, Gannett Co. Inc. during the 3-months ended 03/31/2007, according to the most recent filings of his investment company, Oak Mark Fund. Bill Nygren owns 50 stocks with a total value of $11 billion. These are the details of the buys and sells.
New Purchases: S,
Added Positions: MDT,
Reduced Positions: DISH, GPS, MTG, SUNW,
Sold Out: CMCSK, GCI, MAT,
Added: Medtronic Inc. (MDT, Financial)
Bill Nygren added to his holdings in Medical Equipment company Medtronic Inc. by 48%. His purchase prices were between $48.56 and $54.01, with an estimated average price of $51.7. The impact to his portfolio due to this purchase was 0.54%. His holdings were 1,850,000 shares as of 03/31/2007. Shares of Medtronic Inc. were traded at around $50.8.
New Purchase: Sprint Nextel Corp. (S, Financial)
Bill Nygren initiated holdings in Fixed Line Telecom company Sprint Nextel Corp.. His purchase prices were between $17.21 and $19.93, with an estimated average price of $18.5. The impact to his portfolio due to this purchase was 3.38%. His holdings were 10,000,000 shares as of 03/31/2007. Shares of Sprint Nextel Corp. were traded at around $21.46.
Reduced: Gap Inc. (GPS, Financial)
Bill Nygren reduced to his holdings in Apparel Retailers company Gap Inc. by 29.35%. His sale prices were between $17.42 and $20.21, with an estimated average price of $18.9. The impact to his portfolio due to this sale was 1.23%. Bill Nygren still held 5,066,700 shares as of 03/31/2007. Shares of Gap Inc. were traded at around $18.41.
Reduced: Sun Microsystems Inc. (SUNW, Financial)
Bill Nygren reduced to his holdings in Computer Hardware company Sun Microsystems Inc. by 36.33%. His sale prices were between $5.6 and $6.63, with an estimated average price of $6.2. The impact to his portfolio due to this sale was 0.98%. Bill Nygren still held 12,270,000 shares as of 03/31/2007. Shares of Sun Microsystems Inc. were traded at around $5.38.
Reduced: Echostar Communications Corp. (DISH, Financial)
Bill Nygren reduced to his holdings in Broadcasting & Entertainment company Echostar Communications Corp. by 32.79%. His sale prices were between $38.37 and $43.36, with an estimated average price of $41.5. The impact to his portfolio due to this sale was 0.61%. Bill Nygren still held 1,025,000 shares as of 03/31/2007. Shares of Echostar Communications Corp. were traded at around $48.43.
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