Bill Nygren

Oakmark Fund·value·Retail & diversified funds

OAKMX

~12% since 1991

Portfolio value

$22.7B

Positions

Top 5 concentration

16%

New buys this quarter

Track record vs S&P 500

$OAKMX · total return since 2003

$10k grew to

$101k

CAGR

10.6%

vs S&P 500

-0.2%/yr

See the full comparison chart

Quarterly activity

What Bill Nygren bought and sold each quarter.

Jun 2026vs Mar 2026

Bought (18)

$WTWNew buy2.2%$AERNew buy1.9%$SYYNew buy1.6%$AMRZ.SWNew buy1.4%$GOOGNew buy1%$EQHNew buy0.9%$TELNew buy0.8%$BKNGNew buy0.6%$COFAdded+11.9%$SCHWAdded+5.1%$CRMAdded+6.5%$MRSHAdded+47%$ROPAdded+22.4%$CDWAdded+10.1%$SYFAdded+57.6%$CGAdded+6.6%$RJFAdded+14.6%$ADBEAdded+34.4%

Sold (20)

$EOGSold out$WBDSold out$MPCSold out$CHTRTrimmed-94.6%$CMCSATrimmed-78.4%$PSXTrimmed-71.6%$GOOGLTrimmed-46.7%$STTTrimmed-25.2%$TRGPTrimmed-12.2%$COPTrimmed-12.2%$STZTrimmed-8.3%$EFXTrimmed-7.9%$GPCTrimmed-7.3%$NKETrimmed-7.2%$FCNCATrimmed-6.7%$ELVTrimmed-6.3%$CBRETrimmed-5.8%$RGATrimmed-5.8%$DALTrimmed-5.3%$ZBHTrimmed-5.1%

Mar 2026vs Dec 2025

Bought (13)

$NFLXNew buy1.6%$ROPNew buy1.2%$MRSHNew buy1.2%$RJFNew buy1.1%$ADBENew buy1.1%$SYFNew buy0.7%$VSNTNew buy0%$CRMAdded+32.5%$FISVAdded+104.3%$GPNAdded+5.2%$CMCSAAdded+6%$AMZNAdded+13.3%$CDWAdded+6.7%

Sold (18)

$DESold out$APASold out$CESold out$BAXSold out$WBDTrimmed-46.8%$EOGTrimmed-36.6%$MPCTrimmed-30.4%$PSXTrimmed-26.8%$MASTrimmed-26.7%$GMTrimmed-23.1%$COPTrimmed-20.2%$MRKTrimmed-15.3%$TRGPTrimmed-13.2%$CBRETrimmed-13%$WFCTrimmed-12.1%$CTrimmed-7.4%$CHTRTrimmed-7%$GOOGLTrimmed-5.2%

Dec 2025vs Sep 2025

Bought (18)

$CDWNew buy1.2%$COPAdded+16.3%$ABNBAdded+13%$TRGPAdded+55.4%$ICEAdded+13.1%$CRMAdded+8.5%$ELVAdded+13.7%$FCNCAAdded+5.3%$CTVAAdded+98%$ZBHAdded+83.1%$EFXAdded+5.5%$NKEAdded+17.5%$UNPAdded+60.3%$GPNAdded+9%$DEAdded+82.5%$EOGAdded+13.2%$FISVAdded+36.7%$STZAdded+6.6%

Sold (16)

$BNYSold out$APATrimmed-65.3%$GOOGLTrimmed-47%$STTTrimmed-41.2%$WBDTrimmed-38.4%$MPCTrimmed-36%$BACTrimmed-34.4%$GMTrimmed-33.6%$CTrimmed-33.2%$CBRETrimmed-28.8%$AMZNTrimmed-27.6%$SCHWTrimmed-25.1%$CMCSATrimmed-19.5%$WFCTrimmed-19.3%$PSXTrimmed-17.4%$NDAQTrimmed-7%

Sep 2025vs Jun 2025

Bought (17)

$TRGPNew buy1.8%$UNPNew buy1.2%$ABNBAdded+12.1%$EFXAdded+12%$MRKAdded+8.9%$AIGAdded+8.8%$KDPAdded+54.7%$CRMAdded+152.4%$FCNCAAdded+6%$ELVAdded+46.4%$FISVAdded+37.7%$GEHCAdded+13.4%$CMCSAAdded+6.5%$RGAAdded+46.9%$ZBHAdded+20%$STZAdded+11.2%$LBRDKAdded+7.4%

Sold (14)

$CNCSold out$BLKSold out$MG.TOTrimmed-77.8%$BNYTrimmed-32.4%$CBRETrimmed-29.4%$GOOGLTrimmed-28.5%$NDAQTrimmed-21.6%$CTrimmed-16.5%$WBDTrimmed-13.7%$GMTrimmed-9.8%$CTVATrimmed-9%$AMZNTrimmed-8.6%$WFCTrimmed-7.3%$BACTrimmed-5.1%

Jun 2025vs Mar 2025

Bought (22)

$NKENew buy2%$AMZNNew buy1.7%$ZBHNew buy1.1%$CRMNew buy1.1%$ABNBAdded+74.4%$FCNCAAdded+9.5%$EFXAdded+14.4%$KDPAdded+9.8%$MRKAdded+11.8%$FISVAdded+24.8%$MPCAdded+50.8%$DALAdded+27.2%$ELVAdded+6.6%$WBDAdded+14.6%$GPNAdded+17.2%$GEHCAdded+116.4%$CGAdded+38.7%$FBINAdded+10.1%$RGAAdded+11.9%$MASAdded+12.4%$BLKAdded+20%$CEAdded+50%

Sold (17)

$CVSSold out$BWASold out$KRSold out$KVUETrimmed-80.4%$DETrimmed-69.3%$CTVATrimmed-45.6%$BNYTrimmed-36.1%$EOGTrimmed-29.1%$AIGTrimmed-28.6%$GMTrimmed-20.3%$SCHWTrimmed-15.8%$NDAQTrimmed-13.7%$CBRETrimmed-13.2%$ICETrimmed-7.8%$CHTRTrimmed-7%$WFCTrimmed-6.9%$STTTrimmed-5.5%

Mar 2025vs Dec 2024

Bought (20)

$BNYNew buy2.1%$FISVNew buy2.1%$ELVNew buy2%$FBINNew buy1.4%$MPCNew buy1.2%$STZNew buy1.2%$MG.TONew buy0.8%$GOOGLAdded+12.9%$COPAdded+13.9%$PSXAdded+12.3%$ALLYAdded+7.4%$MRKAdded+23.8%$KDPAdded+17.5%$EFXAdded+14%$APAAdded+5.9%$DALAdded+8.5%$ABNBAdded+81.1%$RGAAdded+6.7%$CGAdded+476.1%$GEHCAdded+82%

Sold (15)

$FBHSSold out$ANTMSold out$FISold out$BKSold out$MGASold out$KRTrimmed-29.4%$WFCTrimmed-22.8%$COFTrimmed-17.8%$DETrimmed-17.8%$EOGTrimmed-15.9%$KVUETrimmed-15.5%$CBRETrimmed-12.4%$CTVATrimmed-8.9%$CTrimmed-8.7%$ICETrimmed-7.3%

Dec 2024vs Sep 2024

Bought (16)

$FINew buy2.9%$KDPNew buy1.6%$ANTMNew buy1.3%$ABNBNew buy0.8%$GEHCNew buy0.5%$CGNew buy0.2%$AIGAdded+6.2%$ICEAdded+6.6%$COPAdded+9.6%$IQVAdded+5.4%$PSXAdded+13.9%$GPNAdded+8.4%$MRKAdded+119.5%$EFXAdded+25.6%$GPCAdded+9.2%$CVSAdded+5.3%

Sold (12)

$CRMSold out$EBAYSold out$FISVSold out$GSSold out$MOSold out$TFCSold out$BLKTrimmed-54.5%$WFCTrimmed-26.7%$DALTrimmed-23.7%$CBRETrimmed-19.1%$COFTrimmed-12.8%$CHTRTrimmed-10.6%

Sep 2024vs Jun 2024

Bought (19)

$GPCNew buy1.1%$MRKNew buy1%$DEAdded+6.4%$SCHWAdded+17.2%$AIGAdded+20.2%$CNCAdded+10.4%$GMAdded+6%$COPAdded+6.8%$PSXAdded+17%$STTAdded+6%$KVUEAdded+10.6%$FCNCAAdded+5.4%$DALAdded+7.1%$NDAQAdded+28.6%$FBHSAdded+13.9%$GPNAdded+94.2%$WBDAdded+43.7%$CEAdded+15.9%$CVSAdded+27.3%

Sold (12)

$TELSold out$AXPSold out$WTWSold out$CSCOSold out$MOTrimmed-66.4%$EBAYTrimmed-51.7%$TFCTrimmed-47.1%$GSTrimmed-45.5%$EFXTrimmed-12.2%$CBRETrimmed-10.6%$BACTrimmed-9.4%$RGATrimmed-5.5%

Quarter-over-quarter change in disclosed positions. Diversified book — only the larger sell-outs are shown.

Holdings

Stock	Move	% of portfolio	Quarter-end px	Now	Since quarter-end
$TRGP Targa Resources Corp	Trimmed	3.4%	$268.14	$290.05	+8.2%
$DAL Delta Air Lines Inc	Trimmed	3.3%	$93.66	$80.17	-14.4%
$KDP Keurig Dr Pepper Inc	Held	3.1%	$32.73	$32.59	-0.4%
$ABNB Airbnb Inc	Held	3.1%	$143.10	$181.94	+27.1%
$C Citigroup Inc	Held	3.1%	$139.96	$137.72	-1.6%
$MRK Merck & Co Inc	Held	3%	$128.50	$150.34	+17%
$ELV Elevance Health Inc	Trimmed	2.9%	$386.73	$407.50	+5.4%
$CTVA Corteva Inc	Held	2.8%	$84.69	$87.86	+3.7%
$ALLY Ally Financial Inc	Held	2.7%	$45.95	$43.73	-4.8%
$COF Capital One Financial Corp	Added	2.7%	$200.62	$219.60	+9.5%
$FCNCA First Citizens BancShares Inc/NC	Trimmed	2.5%	$2080.79	$2208.49	+6.1%
$SCHW Charles Schwab Corp/The	Added	2.5%	$92.27	$109.29	+18.4%
$COP ConocoPhillips	Trimmed	2.5%	$103.96	$134.26	+29.1%
$CRM Salesforce Inc	Added	2.4%	$156.66	$259.23	+65.5%
$ICE Intercontinental Exchange Inc	Held	2.4%	$123.11	$161.26	+31%
$AIG American International Group Inc	Held	2.2%	$74.53	$76.21	+2.3%
$WTW Willis Towers Watson PLC	New buy	2.2%	$261.37	$334.74	+28.1%
$FISV Fiserv Inc	Held	2.2%	$49.05	$53.00	+8.1%
$UNP Union Pacific Corp	Held	2.2%	$272.00	$289.62	+6.5%
$IQV IQVIA Holdings Inc	Held	2.2%	$193.22	$267.77	+38.6%
$ZBH Zimmer Biomet Holdings Inc	Trimmed	2.1%	$86.09	$98.07	+13.9%
$GPN Global Payments Inc	Held	1.9%	$72.56	$92.54	+27.5%
$AER AerCap Holdings NV	New buy	1.9%	$145.78	$145.40	-0.3%
$GM General Motors Co	Held	1.8%	$77.08	$87.76	+13.9%
$RGA Reinsurance Group of America Inc	Trimmed	1.8%	$212.65	$253.27	+19.1%
$BAC Bank of America Corp	Held	1.7%	$56.98	$62.68	+10%
$GEHC GE HealthCare Technologies Inc	Held	1.7%	$64.01	$68.86	+7.6%
$MRSH Marsh & McLennan Cos Inc	Added	1.6%	$166.67	$185.74	+11.4%
$STT State Street Corp	Trimmed	1.6%	$169.60	$194.26	+14.5%
$SYY Sysco Corp	New buy	1.6%	$83.58	$80.05	-4.2%
$EFX Equifax Inc	Trimmed	1.5%	$158.72	$177.05	+11.5%
$GOOGL Alphabet Inc	Trimmed	1.5%	$357.37	$338.46	-5.3%
$AMRZ.SW Amrize Ltd	New buy	1.4%	$53.30	$35.47	-33.5%
$CDW CDW Corp/DE	Added	1.4%	$140.64	$152.38	+8.3%
$FBIN Fortune Brands Innovations Inc	Held	1.4%	$54.90	$43.11	-21.5%
$ROP Roper Technologies Inc	Added	1.4%	$338.39	$407.28	+20.4%
$CG Carlyle Group Inc/The	Added	1.3%	$42.11	$46.97	+11.5%
$AMZN Amazon.com Inc	Held	1.3%	$238.34	$258.51	+8.5%
$WFC Wells Fargo & Co	Held	1.3%	$82.64	$89.96	+8.9%
$RJF Raymond James Financial Inc	Added	1.3%	$152.03	$178.29	+17.3%
$NDAQ Nasdaq Inc	Held	1.3%	$78.82	$96.88	+22.9%
$SYF Synchrony Financial	Added	1.3%	$76.05	$79.92	+5.1%
$MAS Masco Corp	Held	1.2%	$81.37	$72.70	-10.7%
$NKE NIKE Inc	Trimmed	1.2%	$41.05	$38.40	-6.5%
$ADBE Adobe Inc	Added	1.2%	$205.02	$266.51	+30%
$NFLX Netflix Inc	Held	1.2%	$71.40	$78.25	+9.6%
$CRBG Corebridge Financial Inc	Held	1%	$28.63	$34.47	+20.4%
$GOOG Alphabet Inc	New buy	1%	$353.33	$335.31	-5.1%
$STZ Constellation Brands Inc	Trimmed	0.9%	$139.09	$128.18	-7.8%
$EQH Equitable Holdings Inc	New buy	0.9%	$43.88	$52.96	+20.7%

Showing top 50 of 58 equity positions (this fund runs a diversified book).

Notable sell-outs this quarter: $EOG, $WBD, $MPC

Track Bill Nygren between filings

13Fs land once a quarter. We email you when a tracked manager files a Form 4, a 13D stake or a Form 144 notice of sale — days after it happens, not months.

Source: SEC N-PORT via FMP · holdings as of Jun 2026 · monthly portfolio, public with a delay. Long equity positions only. Not financial advice.