Bill Nygren

Bill Nygren

Last Update: 11-30-2017

Number of Stocks: 52
Number of New Stocks: 1

Total Value: $17,838 Mil
Q/Q Turnover: 4%

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 (%)
201618.3511.966.4
2015-3.951.38-5.3
201411.5113.69-2.2
3-Year Cumulative26.8 (8.2%/year)29 (8.9%/year)-2.2 (-0.7%/year)
201337.2932.394.9
201220.97165.0
5-Year Cumulative110.5 (16.1%/year)98.2 (14.7%/year)12.3 (1.4%/year)
20111.822.11-0.3
201012.1815.06-2.9
200944.7726.4618.3
2008-32.61-374.4
2007-3.645.49-9.1
10-Year Cumulative126.1 (8.5%/year)95.7 (6.9%/year)30.4 (1.6%/year)
200618.2615.792.5
2005-1.314.91-6.2
200411.7310.880.8
200325.328.68-3.4
2002-14.41-22.17.7
15-Year Cumulative216.1 (8%/year)164.2 (6.7%/year)51.9 (1.3%/year)
200118.29-11.8930.2
200011.78-9.120.9
1999-10.4721.04-31.5
19983.7328.58-24.8
199732.5933.36-0.8
20-Year Cumulative414.7 (8.5%/year)339.2 (7.7%/year)75.5 (0.8%/year)
199616.2122.96-6.8
199534.4237.58-3.2
19943.311.322.0
199330.510.0820.4
199248.97.6241.3
25-Year Cumulative1514.1 (11.8%/year)791.8 (9.1%/year)722.3 (2.7%/year)

Top Ranked Articles

Losers Average Losers Some thoughts on buying more of a stock when intrinsic value is declining
In a recent interview with Outlook Business, value investor Bill Nygren (Trades, Portfolio) of the Oakmark Fund shared an important lesson that he picked up from Paul Tudor Jones (Trades, Portfolio) (bold added for emphasis): Read more...
11 Questions With Oakmark's Bill Nygren and Win Murray GuruFocus discusses investing with two index-beating value investors
Reflecting on your current holdings, did the Oakmark Select Fund buy from a “shopping list” where you waited for your price/value point, or were you more opportunistic, following and buying from market mispricing? Read more...
Ask Oakmark's Bill Nygren Your Investing Question Market-beating investor joins GuruFocus for Q&A
GuruFocus readers have several days to ask their investing questions to two noted value investors, Bill Nygren (TradesPortfolio) and Win Murray as part of a GuruFocus Q&A. Read more...
Bill Nygren Buys American Airlines, CVS, Priceline Oakmark manager reports new 4th quarter buys
Bill Nygren (Trades, Portfolio) Buys American Airlines, CVS, Priceline Read more...
GuruFocus Value Conference 2018 Announcement Early bird registration is now open
We are excited to announce that GuruFocus Value Conference 2018 is now open for registration. We are in the process of lining up a list of great speakers. The candidates include some of the greatest value investors including Prem Watsa (Trades, Portfolio), Chuck Royce (Trades, Portfolio), Chuck Akre (Trades, Portfolio), Howard Marks (Trades, Portfolio), Read more...
» More Bill Nygren Articles

Commentaries and Stories

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Bill Nygren Buys American Airlines, CVS, Priceline Oakmark manager reports new 4th quarter buys Bill Nygren - Bill Nygren Buys American Airlines, CVS, Priceline
Bill Nygren (Trades, Portfolio) Buys American Airlines, CVS, Priceline More...

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Bill Nygren Comments on Corelogic Guru stock highlight
Corelogic (NYSE:CLGX) provides unique residential real estate information to the financial services sector. The shares have been weak due to near-term cyclical concerns about declining refinancing activity. We do not believe this has a long-term impact on business value. Unique data businesses tend to have great returns and are difficult to replicate. Corelogic fits this mold. The management team has been good stewards of capital and has reduced the share count 30% since 2010. Management has been improving margins for years, and we believe there is more room for improvement over the next several years. Meanwhile, Corelogic is selling well below public and private market values of other high-quality data providers. More...

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Bill Nygren Comments on Johnson Controls Guru stock highlight
Johnson Controls (NYSE:JCI) shares have underperformed since the $18B Tyco merger, which also brought a new CEO, George Oliver, whom we know and respect from his days at Tyco. We believe JCI had been undermanaged prior to the merger, and Oliver has the opportunity to improve operations in addition to achieving the merger synergies. Roughly three-quarters of revenues and two-thirds of earnings come from the legacy Tyco fire and security business and JCI’s legacy HVAC and building automation businesses. JCI is also the largest producer of lead-acid automotive batteries with nearly 40% market share. While this business is lower growth, the fundamentals tend to be fairly stable as aftermarket accounts for 75% of sales. More...

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Bill Nygren Comments on Priceline Group Guru stock highlight
Priceline Group, Inc. (PCLN - $1,760)(NASDAQ:PCLN)During the quarter, we established a position in Priceline, a pioneer and global leader in the online travel industry. We believe Priceline’s valuation is attractive when viewed against our long-term growth expectations, as we expect online bookings to continue capturing share from offline sources for years to come. The company is investing heavily in business travel, mobile, alternative accommodations and other ancillary businesses, which we believe will further solidify its competitive position and support attractive long-term growth. Priceline’s strong brands, significant investment expenditure and scale advantages should further enhance the company’s powerful network effect. In addition, its geographic exposure, revenue mix and superior online traffic conversion make it one of the best operating models in the industry. On our one-year forward estimate, Priceline trades in line with the S&P 500 P/E ratio (excluding its net cash and investments), despite having a superior growth outlook, an above-average margin profile More...

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Bill Nygren Comments on CVS Health Corp Guru stock highlight
CVS Health Corporation (CVS - $73)(NYSE:CVS)CVS is well positioned in a U.S. health care system that rewards scale, as the company owns the nation’s largest pharmacy benefit manager (PBM), the largest retail pharmacy and the largest retail clinic. Both the PBM and retail pharmacy segments are as concentrated as they have ever been, and we believe these lines of business protect existing players and pose serious challenges for new entrants. After underperforming the S&P 500 by nearly 60% over the past two years, CVS is now valued at less than 12x next year’s consensus earnings after adding back amortization of intangible assets. In our view, the market is underestimating the durability of the company’s competitive advantages across multiple end markets. Additionally, the pending acquisition of Aetna, Inc. would bring together two forward-thinking management teams and give them a broad suite of assets through which to address sector-wide trends, like the shift toward value-based care models and the increasing “consumerization” of health care. More...

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Bill Nygren Comments on American Airlines Guru stock highlight
American Airlines Group, Inc. (AAL - $53)(NASDAQ:AAL) Although the airlines have always provided a useful consumer service, we feel they have historically been unattractive long-term investment candidates. In the past, the major U.S. airlines lacked pricing power and faced problems related to poor corporate cultures. However, after years of consolidation capped by the merger of US Airways and American Airlines in 2013, the industry has become more mature and disciplined. The three major hub-and-spoke carriers each have strengths in their respective hubs, and their management teams are making wiser decisions about capacity additions and capital allocation. American Airlines’ CEO Doug Parker sees substantial opportunity to grow value as the company completes the US Airways merger integration. He is improving the company’s culture and restoring credibility with employees. Parker believes that American Airlines has around $5 billion of pretax earnings power, which is up 50% from our 2017 estimate, and he has bought back 37% of the company’s shares since the merger closed. With More...

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5 Undervalued Stocks With Growing Book Value Aflac tops the list Bill Nygren,David Carlson - 5 Undervalued Stocks With Growing Book Value
According to the GuruFocus All-In-One Screener, the following companies have grown their book value per share (BV/S) over the past decade. More...

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Rating: 5.0/5 (1 vote)

Bill Nygren's Oakmark Fund: Fourth Quarter 2017 Commentary Discussion of markets and holdings Bill Nygren - Bill Nygren's Oakmark Fund: Fourth Quarter 2017 Commentary
The Oakmark Fund increased 6.0% during the fourth quarter of 2017, which compares to a 6.6% gain for the S&P 500. For all of calendar 2017, the Fund increased 21.1%, which was slightly below the 21.8% return for the S&P 500. The strong fourth-quarter performance capped off a very strong calendar year for the Oakmark Fund and the broader market, and we are pleased that the Fund hit another all-time high adjusted NAV. In fact, this represents the sixth quarter in a row that the Fund has hit an all-time high. With this strong absolute performance comes a brief word of caution: over longer periods of time, we expect S&P 500 returns to moderate to historical single-digit levels. We remain very pleased that the strongest contributions for both the fourth quarter and calendar year have come from our highest-weighted sectors, financials and information technology. More...

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6 Stocks Trading Below Peter Lynch Value New Mountain Finance tops the list Bill Nygren,Diamond Hill Capital - 6 Stocks Trading Below Peter Lynch Value
According to the GuruFocus All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair values are far above the current prices. The following stocks are trading with wide margins of safety and have positive performances over the past 12 months. More...

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Rating: 5.0/5 (9 votes)

11 Questions With Oakmark's Bill Nygren and Win Murray GuruFocus discusses investing with two index-beating value investors Bill Nygren - 11 Questions With Oakmark's Bill Nygren And Win Murray
Reflecting on your current holdings, did the Oakmark Select Fund buy from a “shopping list” where you waited for your price/value point, or were you more opportunistic, following and buying from market mispricing? More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Ask Oakmark's Bill Nygren Your Investing Question Now Market-beating value investor joins GuruFocus for Q&A Bill Nygren - Ask Oakmark's Bill Nygren Your Investing Question Now
GuruFocus readers have several days to ask their investing questions to two noted value investors, Bill Nygren (Trades, Portfolio) and Win Murray, as part of a GuruFocus Q&A. More...

  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

Ask Oakmark's Bill Nygren Your Investing Question Market-beating investor joins GuruFocus for Q&A Bill Nygren - Ask Oakmark's Bill Nygren Your Investing Question
GuruFocus readers have several days to ask their investing questions to two noted value investors, Bill Nygren (TradesPortfolio) and Win Murray as part of a GuruFocus Q&A. More...

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Rating: 0.0/5 (0 votes)

6 Cheap Stocks With Growing Book Values Aflac, Snap-On, Apple with margins of safety and rising BV/S Bill Nygren,Andreas Halvorsen,John Rogers,Jeremy G - 6 Cheap Stocks With Growing Book Values
According to GuruFocus’ All-In-One Screener, the following companies have grown their book values per share (BV/S) over the past decade. More...

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Rating: 5.0/5 (9 votes)

Losers Average Losers Some thoughts on buying more of a stock when intrinsic value is declining Bill Nygren,Paul Tudor Jones - Losers Average Losers
In a recent interview with Outlook Business, value investor Bill Nygren (Trades, Portfolio) of the Oakmark Fund shared an important lesson that he picked up from Paul Tudor Jones (Trades, Portfolio) (bold added for emphasis): More...

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Bill Nygren Tells CNBC He Increased His Stake in GE Oakmark portfolio manager discusses the company's merits Bill Nygren - Bill Nygren Tells CNBC He Increased His Stake In GE
Bill Nygren (Trades, Portfolio), Oakmark Fund portfolio manager, appeared on CNBC Tuesday afternoon to discuss his addition to his holding in General Electric (NYSE:GE). More...

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Bill Nygren and David Herro's Oakmark Global Select Fund: Third Quarter 2017 Commentary Review of holdings and market David Herro,Bill Nygren - Bill Nygren And David Herro's Oakmark Global Select Fund: Third Quarter 2017 Commentary
The Oakmark Global Select Fund returned 26.4% for the fiscal year, ended September 30, 2017, outperforming the MSCI World Index, which returned 18.2% for the same period. For the most recent quarter, the Fund returned 4.7%, underperforming the MSCI World Index, which returned 4.8%. The Fund has performed well versus the MSCI World Index since inception, returning on average 9.0% versus 5.6% for the benchmark. More...

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Bill Nygren's Oakmark Select Fund Third Quarter 2017 Review of holdings and market Bill Nygren - Bill Nygren's Oakmark Select Fund Third Quarter 2017
The Oakmark Select Fund returned 5.9% for the quarter, ahead of the S&P 500’s 4.5% return. This brings the Fund’s return for the fiscal year, ended September 30, 2017, to 22.6%, compared to 18.6% for the S&P 500. Please do not expect this level of absolute and relative performance every quarter or year, but we hope you enjoy them like we do as fellow investors in the Fund. We are also gratified to report the Fund ended the quarter at a new all-time high NAV, meaning that as of September 30, all current Select shareholders have unrealized gains in their holdings. More...

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Bill Nygren's Oakmark Fund Third Quarter 2017 Commentary Review of holdings and market Bill Nygren - Bill Nygren's Oakmark Fund Third Quarter 2017 Commentary
The Oakmark Fund increased 5.8% during the third quarter, bringing the increase to 23.8% for the fiscal year ended September 30. The Fund’s strong performance outpaced S&P 500 gains of 4.5% for the third quarter and 18.6% for the past 12 months. This was a very good quarter and fiscal year for the Oakmark Fund, and the Fund hit an all-time high adjusted NAV for the fifth quarter in a row. As value investors, we patiently wait for the gap between a company’s stock price and our estimate of intrinsic value to close, and over the past 12 months, the gaps have narrowed. We are pleased that the strongest contribution has come from our highest weighted sectors, financials and information technology. More...

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Rating: 5.0/5 (1 vote)

Harris Associates' Commentary: Patience Is a Virtue From Daniel Nicholas Bill Nygren - Harris Associates' Commentary: Patience Is A Virtue
Daniel Nicholas is a Client Portfolio Manager at Harris Associates across all of the firm’s investment strategies. Prior to serving in this role, he was the Director, Institutional Sales for the firm. Before he joined Harris Associates in 2012, he was an Executive Director at Morgan Stanley as well as UBS. He holds an MS in Finance from the University of Wisconsin-Madison (2001) and a BBA from the University of Wisconsin-Madison (1999). More...

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Bill Nygren Added Charter Communications in 2nd Quarter Fund manager also trimmed 3 other positions Bill Nygren, Steven Cohen, David Dreman - Bill Nygren Added Charter Communications In 2nd Quarter
Oakmark Fund manager Bill Nygren (Trades, Portfolio) invests in companies that trade at a significant discount to the expected intrinsic value. During the second quarter, Nygren invested in Charter Communications Inc. (NASDAQ:CHTR) and trimmed his positions in Anadarko Petroleum Corp. (NYSE:APC), Microsoft Corp. (NASDAQ:MSFT) and AutoNation Inc. (NYSE:AN). More...

BILL NYGREN, STEVEN COHEN, DAVID DREMAN


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