Insight into Bill Nygren (Trades, Portfolio)'s Latest Portfolio Adjustments and Their Market Implications
Bill Nygren (Trades, Portfolio), a seasoned portfolio manager at The Oakmark Fund, The Oakmark Select Fund, and the Oakmark Global Select Fund, is renowned for his value investing approach. With an M.S. in Finance and a B.S. in Accounting, Nygren and his team invest in undervalued companies, aiming for long-term price alignment with intrinsic business value. Their investment criteria focus on stock price discounts, free cash flows, and high managerial ownership, treating each investment as a stake in the business rather than just a share purchase.
Summary of New Buys
During the second quarter of 2024, Bill Nygren (Trades, Portfolio) expanded his portfolio by adding two new stocks:
- Nasdaq Inc (NDAQ, Financial) was the primary new addition with 4,599,412 shares, making up 1.37% of the portfolio and valued at $277.16 million.
- Corebridge Financial Inc (CRBG, Financial) followed, comprising 7,500,000 shares or approximately 1.08% of the portfolio, with a total value of $218.4 million.
Key Position Increases
Nygren also significantly increased his stakes in several companies:
- Equifax Inc (EFX, Financial) saw an addition of 1,070,813 shares, bringing the total to 1,360,813 shares. This adjustment marks a 369.25% increase in share count and impacts the portfolio by 1.28%, with a total value of $329.94 million.
- Salesforce Inc (CRM, Financial) had an increase of 885,000 shares, resulting in a total of 1,870,000 shares. This represents an 89.85% increase in share count, with a total value of $480.78 million.
Summary of Sold Out Positions
Bill Nygren (Trades, Portfolio) completely exited several holdings in Q2 2024:
- KKR & Co Inc (KKR, Financial): All 3,930,000 shares were sold, impacting the portfolio by -1.93%.
- Oracle Corp (ORCL, Financial): The entire stake of 1,754,200 shares was liquidated, resulting in a -1.08% portfolio impact.
Key Position Reductions
Nygren reduced his positions in several key stocks:
- American Express Co (AXP, Financial) saw a reduction of 1,467,000 shares, a -76.89% decrease, impacting the portfolio by -1.63%. The stock traded at an average price of $231.59 during the quarter and has returned 10.37% over the past three months and 39.88% year-to-date.
- The Goldman Sachs Group Inc (GS, Financial) was reduced by 296,800 shares, a -40.38% reduction, impacting the portfolio by -0.61%. The stock's average trading price was $438.8 during the quarter, with returns of 11.58% over the past three months and 33.16% year-to-date.
Portfolio Overview
As of the second quarter of 2024, Bill Nygren (Trades, Portfolio)'s portfolio comprised 55 stocks. The top holdings included 3.87% in Alphabet Inc (GOOGL, Financial), 3.27% in Citigroup Inc (C, Financial), 3.02% in General Motors Co (GM, Financial), 3.02% in Charles Schwab Corp (SCHW, Financial), and 2.99% in Wells Fargo & Co (WFC, Financial). The portfolio is mainly concentrated across 10 industries, with significant investments in Financial Services, Communication Services, Industrials, and Technology.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
