Bill Nygren - Oakmark Funds
As of Q2 2026, Bill Nygren reported 161 long-equity positions worth $75.16B in aggregate.
It also disclosed $263.81M of call notional. Notional is the contracts’ face value, not the premium paid, so it is reported separately from the equity above — see the Options section below.
Copy-investor backtest
- Latest quarter
- +14.00%
- 1-year
- +19.98%
- 3-year
- +55.68%
- 5-year
- +55.97%
- 3-year vs S&P 500
- -17.56%
- 5-year vs S&P 500
- -17.71%
- 5-year top 5
- +78.71%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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Sells
These are the positions the manager reduced or sold out of this quarter, showing where they pulled money back. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| PSX | PHILLIPS 66 | Reduce -80.8% | 0.40% | 1,757,891 | $297.17M | $169.05 | $153.58 - $188.00(45%)$175.64 -> $169.05 |
| GOOGL | ALPHABET INC | Reduce -25.4% | 2.98% | 6,264,999 | $2.24B | $357.37 | $289.45 - $408.61(57%)$297.39 -> $357.37 |
| ELV | ELEVANCE HEALTH INC FORMERLY | Sold | — | 0 | $0 | — | - |
| XOM | EXXON MOBIL CORP | Sold | — | 0 | $0 | — | - |
| FI | FISERV INC | Sold | — | 0 | $0 | — | - |
| FLUT | FLUTTER ENTMT PLC | Sold | — | 0 | $0 | — | - |
| GRFS | GRIFOLS S A | Sold | — | 0 | $0 | — | - |
| MBB | ISHARES TR | Sold | — | 0 | $0 | — | - |
| USIG | ISHARES TR | Sold | — | 0 | $0 | — | - |
| NUV | NUVEEN MUN VALUE FD INC | Sold | — | 0 | $0 | — | - |
| SEE | SEALED AIR CORP NEW | Sold | — | 0 | $0 | — | - |
| WBD | WARNER BROS DISCOVERY INC | Reduce -85.4% | 0.17% | 4,803,194 | $128.05M | $26.66 | $25.91 - $27.76(40%)$27.49 -> $26.66 |
| MPC | MARATHON PETE CORP | Reduce -91.8% | 0.08% | 229,011 | $58.55M | $255.67 | $210.64 - $272.46(73%)$238.16 -> $255.67 |
| CHTR | CHARTER COMMUNICATIONS INC | Reduce -97.6% | 0.02% | 96,777 | $13.76M | $142.21 | $124.05 - $254.11(14%)$216.27 -> $142.21 |
| EOG | EOG RES INC | Reduce -94.1% | 0.04% | 244,809 | $31.76M | $129.73 | $124.31 - $147.00(24%)$140.42 -> $129.72 |
| CMCSA | COMCAST CORP NEW | Reduce -72.9% | 0.23% | 7,173,464 | $176.11M | $24.55 | $22.13 - $32.08(24%)$28.05 -> $24.55 |
| STT | STATE STR CORP | Reduce -22.5% | 1.08% | 4,765,306 | $808.2M | $169.60 | $125.64 - $175.46(88%)$128.25 -> $169.60 |
| COP | CONOCOPHILLIPS | Reduce -12.9% | 2.10% | 15,178,673 | $1.58B | $103.96 | $103.66 - $134.41(1%)$128.38 -> $103.94 |
| TRGP | TARGA RES CORP | Reduce -9.0% | 2.83% | 7,937,530 | $2.13B | $268.14 | $230.38 - $280.00(76%)$244.79 -> $268.14 |
| CNC | CENTENE CORP DEL | Reduce -21.1% | 0.95% | 11,124,640 | $714.09M | $64.19 | $32.23 - $66.55(93%)$33.95 -> $64.19 |
| DE | DEERE & CO | Reduce -39.6% | 0.26% | 313,034 | $198.57M | $634.33 | $515.15 - $636.24(98%)$570.70 -> $634.14 |
| WAT | WATERS CORP | Reduce -93.6% | 0.01% | 18,413 | $6.91M | $375.04 | $287.19 - $385.29(90%)$299.89 -> $375.04 |
| FMX | FOMENTO ECONOMICO MEXICANO S | Reduce -31.3% | 0.26% | 1,541,584 | $197.17M | $127.90 | $111.25 - $131.81(81%)$113.10 -> $127.87 |
| SUNB | SUNBELT RENTALS HOLDINGS INC | Reduce -10.2% | 1.04% | 10,461,105 | $782.6M | $74.81 | $61.03 - $85.94(55%)$64.45 -> $74.81 |
| C | CITIGROUP INC | Reduce -5.6% | 1.63% | 8,751,443 | $1.22B | $139.96 | $111.75 - $147.96(78%)$115.30 -> $139.94 |
| DAL | DELTA AIR LINES INC | Reduce -3.7% | 2.16% | 17,329,926 | $1.62B | $93.66 | $64.17 - $95.14(95%)$67.60 -> $93.65 |
| FCNCA | FIRST CTZNS BANCSHARES INC D | Reduce -3.0% | 2.55% | 919,347 | $1.91B | $2080.79 | $1857.93 - $2155.28(75%)$1894.38 -> $2080.79 |
| CBRE | CBRE GROUP INC | Reduce -6.4% | 1.08% | 6,013,890 | $810.01M | $134.69 | $121.71 - $157.60(36%)$134.49 -> $134.76 |
| LBRDK | LIBERTY BROADBAND CORP | Reduce -34.5% | 0.12% | 2,638,832 | $87.77M | $33.26 | $29.08 - $59.23(14%)$50.31 -> $33.26 |
| ABNB | AIRBNB INC | Reduce -1.6% | 3.59% | 18,861,551 | $2.7B | $143.10 | $121.51 - $150.19(75%)$125.19 -> $142.91 |
| MRK | MERCK & CO INC | Reduce -2.4% | 2.06% | 12,073,109 | $1.55B | $128.50 | $107.90 - $130.29(92%)$120.84 -> $128.50 |
| IT | GARTNER INC | Reduce -9.2% | 0.49% | 2,846,799 | $369M | $129.62 | $124.60 - $180.45(9%)$154.79 -> $129.62 |
| RGA | REINSURANCE GROUP AMER INC | Reduce -3.4% | 1.33% | 4,684,424 | $996.14M | $212.65 | $195.13 - $221.90(65%)$204.26 -> $212.65 |
| GPC | GENUINE PARTS CO | Reduce -7.1% | 0.57% | 3,653,725 | $431.07M | $117.98 | $90.78 - $118.33(99%)$105.18 -> $117.98 |
| WTW | WILLIS TOWERS WATSON PLC LTD | Reduce -1.8% | 2.05% | 5,908,033 | $1.54B | $261.37 | $240.61 - $300.98(34%)$287.53 -> $261.37 |
| CTVA | CORTEVA INC | Reduce -1.9% | 1.84% | 16,333,110 | $1.38B | $84.69 | $74.43 - $85.63(92%)$83.81 -> $84.66 |
| BC | BRUNSWICK CORP | Reduce -14.3% | 0.21% | 1,913,396 | $161.18M | $84.24 | $70.01 - $88.58(77%)$73.07 -> $84.27 |
| AMZN | AMAZON COM INC | Reduce -2.3% | 1.48% | 4,653,406 | $1.11B | $238.34 | $204.90 - $278.56(45%)$210.57 -> $238.72 |
| MAS | MASCO CORP | Reduce -3.2% | 0.90% | 8,318,944 | $676.91M | $81.37 | $58.41 - $81.82(98%)$60.69 -> $81.37 |
| GM | GENERAL MTRS CO | Reduce -1.9% | 1.35% | 13,198,809 | $1.02B | $77.08 | $70.43 - $85.41(44%)$75.04 -> $77.08 |
| ZBH | ZIMMER BIOMET HOLDINGS INC | Reduce -1.7% | 1.46% | 12,738,025 | $1.1B | $86.09 | $79.12 - $97.81(37%)$91.03 -> $86.09 |
| STZ | CONSTELLATION BRANDS INC | Reduce -4.2% | 0.57% | 3,097,056 | $430.77M | $139.09 | $135.14 - $168.60(12%)$151.09 -> $139.09 |
| AIG | AMERICAN INTL GROUP INC | Reduce -1.2% | 2.02% | 20,357,272 | $1.52B | $74.53 | $72.15 - $79.77(31%)$75.56 -> $74.61 |
| GEHC | GE HEALTHCARE TECHNOLOGIES I | Reduce -1.7% | 1.31% | 15,329,664 | $981.25M | $64.01 | $58.75 - $75.95(31%)$71.98 -> $64.01 |
| ACN | ACCENTURE PLC IRELAND | Reduce -4.7% | 0.46% | 2,757,314 | $343.12M | $124.44 | $118.15 - $202.16(7%)$197.06 -> $124.47 |
| CVS | CVS HEALTH CORP | Reduce -32.0% | 0.05% | 335,817 | $34.74M | $103.45 | $71.82 - $106.15(92%)$72.49 -> $103.44 |
| NKE | NIKE INC | Reduce -2.5% | 0.79% | 14,403,570 | $591.27M | $41.05 | $40.00 - $47.65(14%)$44.63 -> $41.05 |
| ALSN | ALLISON TRANSMISSION HLDGS I | Reduce -24.3% | 0.06% | 402,762 | $45.41M | $112.74 | $106.12 - $137.62(21%)$118.84 -> $111.96 |
| ALLY | ALLY FINL INC | Reduce -1.1% | 1.60% | 26,105,434 | $1.2B | $45.95 | $38.62 - $47.19(86%)$39.77 -> $46.02 |
| NVST | ENVISTA HOLDINGS CORPORATION | Reduce -15.5% | 0.10% | 2,756,781 | $72.64M | $26.35 | $22.36 - $29.52(56%)$25.90 -> $26.35 |
| ORCL | ORACLE CORP | Reduce -12.1% | 0.13% | 650,879 | $95.39M | $146.55 | $134.57 - $250.25(10%)$145.23 -> $146.55 |
| EFX | EQUIFAX INC | Reduce -1.1% | 1.57% | 7,447,263 | $1.18B | $158.72 | $150.75 - $200.09(16%)$179.66 -> $158.72 |
| LAD | LITHIA MTRS INC | Reduce -2.1% | 0.74% | 1,915,329 | $556.38M | $290.49 | $246.90 - $319.41(60%)$250.82 -> $290.49 |
| BLK | BLACKROCK INC | Reduce -18.3% | 0.06% | 44,575 | $42.86M | $961.56 | $929.25 - $1111.09(18%)$957.40 -> $960.67 |
| KB | KB FINL GROUP INC | Reduce -97.7% | 0.00% | 1,944 | $204.04K | $104.96 | $96.30 - $115.85(44%)$100.83 -> $104.96 |
| MA | MASTERCARD INCORPORATED | Reduce -14.9% | 0.07% | 100,993 | $51.87M | $513.60 | $464.52 - $534.21(70%)$491.65 -> $513.60 |
| KAR | OPENLANE INC | Reduce -32.4% | 0.02% | 386,223 | $15.93M | — | - |
| WFC | WELLS FARGO & CO | Reduce -0.8% | 1.20% | 10,892,476 | $900.15M | $82.64 | $72.78 - $87.08(69%)$80.57 -> $82.64 |
| KDP | KEURIG DR PEPPER INC | Reduce -0.2% | 4.04% | 92,854,297 | $3.04B | $32.73 | $24.88 - $33.82(88%)$25.69 -> $32.73 |
| MDLZ | MONDELEZ INTL INC | Reduce -2.0% | 0.42% | 5,520,536 | $319.31M | $57.84 | $55.79 - $64.35(24%)$57.07 -> $57.84 |
| ZGN | ERMENEGILDO ZEGNA N V | Reduce -16.4% | 0.04% | 2,435,700 | $31.71M | $13.02 | $9.97 - $15.44(56%)$10.86 -> $13.02 |
| MOH | MOLINA HEALTHCARE INC | Reduce -2.1% | 0.29% | 957,500 | $218.98M | $228.70 | $131.50 - $231.00(98%)$135.82 -> $228.70 |
| SPY | STATE STR SPDR S&P 500 ETF T | Reduce -72.2% | 0.00% | 2,148 | $1.6M | $746.77 | $645.11 - $760.38(88%)$655.24 -> $746.77 |
| RYAAY | RYANAIR HOLDINGS PLC | Reduce -6.6% | 0.07% | 790,544 | $51.19M | $64.75 | $53.14 - $66.39(88%)$60.02 -> $64.75 |
| HLT | HILTON WORLDWIDE HLDGS INC | Reduce -10.8% | 0.04% | 85,299 | $28.19M | $330.46 | $299.06 - $358.00(53%)$308.26 -> $330.47 |
| THO | THOR INDS INC | Reduce -4.0% | 0.09% | 923,940 | $69.44M | $75.16 | $69.71 - $85.00(36%)$77.87 -> $75.16 |
| WEN | WENDYS CO | Reduce -5.8% | 0.06% | 5,587,137 | $46.32M | $8.29 | $6.07 - $9.07(74%)$6.90 -> $8.29 |
| KKR | KKR & CO INC | Reduce -7.0% | 0.04% | 343,974 | $31.57M | $91.78 | $87.50 - $107.65(21%)$91.36 -> $91.78 |
| ALV | AUTOLIV INC | Reduce -8.0% | 0.03% | 214,490 | $24.92M | $116.17 | $103.48 - $132.17(44%)$107.10 -> $116.39 |
| V | VISA INC | Reduce -0.8% | 0.32% | 711,659 | $244.16M | $343.09 | $293.89 - $345.80(95%)$298.51 -> $343.09 |
| BWA | BORGWARNER INC | Reduce -12.8% | 0.02% | 193,743 | $12.86M | $66.40 | $51.88 - $78.82(54%)$54.57 -> $66.38 |
| HCA | HCA HEALTHCARE INC | Reduce -2.6% | 0.08% | 154,097 | $60.08M | $389.89 | $358.96 - $512.14(20%)$474.75 -> $389.89 |
| GS | GOLDMAN SACHS GROUP INC | Reduce -5.0% | 0.04% | 27,218 | $27.53M | $1011.37 | $831.00 - $1124.99(61%)$860.21 -> $1011.37 |
| TXN | TEXAS INSTRS INC | Reduce -2.6% | 0.02% | 46,260 | $13.79M | $298.07 | $191.00 - $334.03(75%)$196.30 -> $298.07 |
| CWK | CUSHMAN AND WAKEFIELD LTD | Reduce -1.4% | 0.03% | 1,858,460 | $24.88M | $13.39 | $11.93 - $15.19(45%)$12.50 -> $13.39 |
| TFC | TRUIST FINL CORP | Reduce -17.2% | 0.00% | 18,735 | $933.38K | $49.82 | $45.83 - $52.11(64%)$46.71 -> $49.82 |
| AMAT | APPLIED MATLS INC | Reduce -11.6% | 0.00% | 1,945 | $1.41M | $723.00 | $337.25 - $739.67(96%)$353.80 -> $726.85 |
| CSL | CARLISLE COS INC | Reduce -8.4% | 0.00% | 4,612 | $1.67M | $362.75 | $321.25 - $398.97(53%)$335.02 -> $362.75 |
| DOV | DOVER CORP | Reduce -5.5% | 0.00% | 11,213 | $2.51M | $224.28 | $200.63 - $233.65(72%)$207.30 -> $224.28 |
| BRK-B | BERKSHIRE HATHAWAY INC DEL | Reduce -0.7% | 0.02% | 25,253 | $12.64M | $500.39 | $464.01 - $500.56(100%)$478.50 -> $499.99 |
| CCK | CROWN HLDGS INC | Reduce -0.4% | 0.03% | 190,865 | $21.34M | $111.82 | $91.31 - $112.80(95%)$103.82 -> $111.91 |
| AXP | AMERICAN EXPRESS CO | Reduce -0.1% | 0.09% | 203,453 | $68.82M | $338.25 | $292.58 - $352.46(76%)$301.45 -> $338.31 |
| BK | BANK OF NY MELLON CORP | Reduce -1.3% | 0.01% | 42,419 | $6.13M | $144.61 | $118.58 - $148.50(87%)$120.97 -> $143.56 |
| AAPL | APPLE INC | Reduce -0.2% | 0.05% | 131,305 | $37.99M | $289.36 | $245.70 - $316.94(61%)$255.63 -> $289.05 |
| LEA | LEAR CORP | Reduce -4.2% | 0.00% | 11,425 | $1.53M | $134.06 | $116.03 - $150.33(53%)$122.06 -> $134.06 |
| ABBV | ABBVIE INC | Reduce -9.8% | 0.00% | 2,420 | $608.97K | $251.64 | $190.75 - $255.96(93%)$214.98 -> $251.23 |
| SGOV | ISHARES TR | Reduce -15.7% | 0.00% | 3,151 | $317.21K | $100.67 | $100.38 - $100.68(97%)$100.39 -> $100.67 |
| DEO | DIAGEO PLC | Reduce -12.1% | 0.00% | 2,895 | $232.7K | $80.38 | $72.98 - $87.48(51%)$74.63 -> $80.37 |
| LLY | ELI LILLY & CO | Reduce -4.2% | 0.00% | 431 | $516.95K | $1199.43 | $850.51 - $1238.00(90%)$954.52 -> $1199.43 |
| IDXX | IDEXX LABS INC | Reduce -5.6% | 0.00% | 455 | $239.53K | $526.44 | $518.55 - $605.82(9%)$564.66 -> $526.44 |
| AVGO | BROADCOM INC | Reduce -1.9% | 0.00% | 1,779 | $672.02K | $377.75 | $301.75 - $495.00(39%)$313.49 -> $377.50 |
| COST | COSTCO WHOLESALE CORPORATION | Reduce -1.1% | 0.00% | 358 | $334.9K | $935.47 | $932.41 - $1096.50(2%)$996.56 -> $935.47 |
| LBRDA | LIBERTY BROADBAND CORP | Reduce -74.2% | 0.00% | 1,110 | $36.94K | $33.28 | $29.18 - $59.25(14%)$50.20 -> $33.28 |