Great investors · Bill Nygren · Q2 2025
What Bill Nygren bought and sold in Q2 2025
Oakmark (Harris Associates) 13F portfolio as of Jun 30, 2025: 171 positions worth $61.5 bn. Largest: GOOGL, COF, SCHW, ICE. Filed with the SEC on Aug 14, 2025.
The 13F is filed by Oakmark (Harris Associates), not by Bill Nygren personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q2 2025
- IncreasedSalesforceCRM+1.2 pp
- NewNikeNKE+1.0 pp
- IncreasedAirbnbABNB+0.9 pp
- IncreasedAmazon.comAMZN+0.9 pp
- NewZimmer Biomet HoldingsZBH+0.6 pp
- IncreasedMarathon PetroleumMPC+0.5 pp
Sells in Q2 2025
- ReducedDeereDE−1.7 pp
- ReducedKrogerKR−1.1 pp
- ReducedCortevaCTVA−0.7 pp
- ReducedKenvueKVUE−0.7 pp
- ReducedAmerican International GroupAIG−0.7 pp
- ReducedCharles SchwabSCHW−0.7 pp
- ReducedCVS HealthCVS−0.6 pp
13 companies with material moves, out of 13 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Oakmark (Harris Associates)'s Q2 2025 13F lists 171 lines of US-listed securities worth $61.5 bn; the largest is GOOGL at 4.51% of the portfolio. It was accepted by the SEC on Aug 14, 2025 at 4:55 PM ET.
Against the previous quarter, it opened 30 positions (NKE, ZBH, ICLR and CRL and 26 more), closed 17 (LPLA, MAN, VSTS and SEG and 13 more), added to 58 (CRM, AMZN, ABNB and MPC and 54 more) and trimmed 75 (DE, SCHW, AIG and CTVA and 71 more). 8 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Alphabet GOOGL | 15.7 M | $2.8 bn | 4.51% | −5.7% |
| 2 | Capital One Financial COF | 10.1 M | $2.1 bn | 3.48% | +2.2% |
| 3 | Charles Schwab SCHW | 23.0 M | $2.1 bn | 3.41% | −17% |
| 4 | Intercontinental Exchange ICE | 10.3 M | $1.9 bn | 3.06% | −10% |
| 5 | Airbnb ABNB | 14.2 M | $1.9 bn | 3.06% | +43% |
| 6 | IQVIA Holdings IQV | 11.8 M | $1.9 bn | 3.01% | +5.2% |
| 7 | ConocoPhillips COP | 19.4 M | $1.7 bn | 2.83% | +6.8% |
| 8 | Phillips 66 PSX | 13.4 M | $1.6 bn | 2.61% | −2.8% |
| 9 | Keurig Dr Pepper KDP | 47.1 M | $1.6 bn | 2.53% | +8.5% |
| 10 | Charter Communications CHTR | 3.7 M | $1.5 bn | 2.44% | −11% |
| 11 | American International Group AIG | 17.3 M | $1.5 bn | 2.40% | −23% |
| 12 | First Citizens Bancshares FCNCA | 736,249 | $1.4 bn | 2.34% | +10% |
| 13 | Bank of America BAC | 29.4 M | $1.4 bn | 2.26% | +3.7% |
| 14 | Citigroup C | 16.1 M | $1.4 bn | 2.23% | +4.1% |
| 15 | Equifax EFX | 5.1 M | $1.3 bn | 2.15% | +12% |
| 16 | CBRE Group CBRE | 9.1 M | $1.3 bn | 2.07% | −6.1% |
| 17 | Warner Bros. Discovery WBD | 108.9 M | $1.2 bn | 2.03% | +14% |
| 18 | General Motors GM | 25.3 M | $1.2 bn | 2.02% | −15% |
| 19 | Willis Towers Watson WTW | 3.8 M | $1.2 bn | 1.89% | +6.5% |
| 20 | Deere DE | 2.2 M | $1.1 bn | 1.81% | −48% |
| 21 | Centene CNC | 20.4 M | $1.1 bn | 1.80% | −3.4% |
| 22 | Ally Financial ALLY | 26.8 M | $1.0 bn | 1.70% | +7.7% |
| 23 | Amazon.com AMZN | 4.7 M | $1.0 bn | 1.68% | +111% |
| 24 | CNH Industrial CNH | 79.0 M | $1.0 bn | 1.67% | −6% |
| 25 | TE Connectivity TEL | 5.5 M | $928M | 1.51% | +13% |
| 26 | Fiserv FISV | 5.3 M | $919M | 1.49% | −5.7% |
| 27 | Wells Fargo WFC | 11.5 M | $919M | 1.49% | −2.7% |
| 28 | Elevance Health ELV | 2.3 M | $890M | 1.45% | no change |
| 29 | Salesforce CRM | 3.0 M | $816M | 1.33% | +819% |
| 30 | State Street STT | 7.6 M | $810M | 1.32% | no change |
| 31 | Comcast CMCSA | 21.4 M | $764M | 1.24% | +3.9% |
| 32 | Merck MRK | 9.1 M | $723M | 1.18% | +22% |
| 33 | GE Healthcare Technologies GEHC | 9.7 M | $716M | 1.16% | +72% |
| 34 | Corebridge Financial CRBG | 20.1 M | $715M | 1.16% | −3.8% |
| 35 | Nasdaq NDAQ | 7.8 M | $695M | 1.13% | −11% |
| 36 | Delta Air Lines DAL | 14.0 M | $691M | 1.12% | +24% |
| 37 | Marathon Petroleum MPC | 4.1 M | $686M | 1.12% | +93% |
| 38 | Lithia Motors LAD | 2.0 M | $673M | 1.09% | no change |
| 39 | Sysco SYY | 8.7 M | $661M | 1.08% | +1.9% |
| 40 | Liberty Broadband LBRDK | 6.4 M | $631M | 1.03% | −3.4% |
| 41 | Nike NKE | 8.7 M | $622M | 1.01% | new |
| 42 | Carlyle Group CG | 11.3 M | $582M | 0.95% | +29% |
| 43 | EOG Resources EOG | 4.7 M | $557M | 0.91% | −24% |
| 44 | Global Payments GPN | 6.7 M | $534M | 0.87% | +23% |
| 45 | Corteva CTVA | 6.9 M | $515M | 0.84% | −47% |
| 46 | Becton, Dickinson BDX | 2.9 M | $503M | 0.82% | +126% |
| 47 | APA APA | 26.6 M | $487M | 0.79% | +3.5% |
| 48 | Paycom Software PAYC | 2.1 M | $482M | 0.78% | −32% |
| 49 | Reinsurance Group of America RGA | 2.4 M | $473M | 0.77% | +11% |
| 50 | Masco MAS | 7.3 M | $471M | 0.77% | +17% |
| 51 | Molina Healthcare MOH | 1.5 M | $459M | 0.75% | +47% |
| 52 | Bank of New York Mellon BNY | 4.9 M | $447M | 0.73% | −32% |
| 53 | Fortune Brands Innovations FBIN | 7.6 M | $390M | 0.63% | +14% |
| 54 | Genuine Parts GPC | 2.9 M | $353M | 0.57% | +3.1% |
| 55 | Zimmer Biomet Holdings ZBH | 3.7 M | $340M | 0.55% | new |
| 56 | Constellation Brands STZ | 1.8 M | $285M | 0.46% | +1.4% |
| 57 | Baxter International BAX | 9.3 M | $283M | 0.46% | +3.8% |
| 58 | Magna International MGA | 7.3 M | $282M | 0.46% | +2.5% |
| 59 | Visa V | 773,849 | $275M | 0.45% | −7.7% |
| 60 | BlackRock BLK | 260,716 | $274M | 0.44% | +14% |
| 61 | Alphabet GOOG | 1.4 M | $242M | 0.39% | −8.4% |
| 62 | Icon ICLR | 1.6 M | $238M | 0.39% | new |
| 63 | Flutter Entertainment FLUT | 808,559 | $231M | 0.38% | +41% |
| 64 | Ryanair Holdings RYAAY | 3.9 M | $226M | 0.37% | −39% |
| 65 | Oracle ORCL | 1.0 M | $224M | 0.36% | −7.3% |
| 66 | Brunswick BC | 3.8 M | $210M | 0.34% | +9.6% |
| 67 | Celanese CE | 3.6 M | $197M | 0.32% | +58% |
| 68 | Charles River Laboratories International CRL | 1.2 M | $176M | 0.29% | new |
| 69 | Sealed Air | 5.3 M | $166M | 0.27% | −16% |
| 70 | Open Text OTEX | 5.5 M | $161M | 0.26% | −39% |
| 71 | Vail Resorts MTN | 972,558 | $153M | 0.25% | −6.1% |
| 72 | Envista Holdings NVST | 7.8 M | $153M | 0.25% | −10% |
| 73 | Wendy's WEN | 11.1 M | $126M | 0.21% | +14% |
| 74 | ABM Industries ABM | 2.6 M | $124M | 0.20% | +14% |
| 75 | Kenvue KVUE | 5.7 M | $118M | 0.19% | −79% |
| 76 | THOR Industries THO | 1.3 M | $118M | 0.19% | −9.7% |
| 77 | Aptiv APTV | 1.4 M | $94.5M | 0.15% | −56% |
| 78 | Borgwarner BWA | 2.8 M | $92.8M | 0.15% | −76% |
| 79 | HCA Healthcare HCA | 242,180 | $92.8M | 0.15% | −21% |
| 80 | Mondelez International MDLZ | 1.4 M | $92.0M | 0.15% | −42% |
| 81 | Openlane OPLN | 3.6 M | $87.8M | 0.14% | −6.8% |
| 82 | American Express AXP | 248,876 | $79.4M | 0.13% | −5.3% |
| 83 | Warner Music Group WMG | 2.8 M | $75.2M | 0.12% | −31% |
| 84 | Mastercard MA | 127,112 | $71.4M | 0.12% | −1.7% |
| 85 | Allison Transmission Holdings ALSN | 712,727 | $67.7M | 0.11% | +87% |
| 86 | Interpublic Group of Companies IPG | 2.4 M | $58.6M | 0.10% | −54% |
| 87 | CVS Health CVS | 844,049 | $58.2M | 0.09% | −86% |
| 88 | KKR KKR | 430,632 | $57.3M | 0.09% | −15% |
| 89 | ACV Auctions ACVA | 3.0 M | $49.3M | 0.08% | +1.7% |
| 90 | Goldman Sachs Group GS | 66,095 | $46.8M | 0.08% | −16% |
| 91 | Targa Resources TRGP | 260,110 | $45.3M | 0.07% | +261% |
| 92 | Hilton Worldwide Holdings HLT | 148,830 | $39.6M | 0.06% | −12% |
| 93 | Autoliv ALV | 334,515 | $37.4M | 0.06% | −3.5% |
| 94 | Owens Corning OC | 262,045 | $36.0M | 0.06% | new |
| 95 | CDW CDW | 198,701 | $35.5M | 0.06% | new |
| 96 | Cushman Wakefield | 2.9 M | $32.3M | 0.05% | −5% |
| 97 | Grifols GRFS | 3.1 M | $28.3M | 0.05% | −9.1% |
| 98 | Kroger KR | 389,033 | $27.9M | 0.05% | −96% |
| 99 | Apple AAPL | 130,818 | $26.8M | 0.04% | +1.8% |
| 100 | Lear LEA | 236,118 | $22.4M | 0.04% | −10% |
The 100 largest lines are shown. The other 71 add up to 0.23% of the portfolio; full 13F of Oakmark (Harris Associates) →
Positions it closed (17)
- LPL Financial Holdings LPLAwas 0.07% · 135,474 shares
- Manpowergroup MANwas 0.01% · 99,116 shares
- Vestis VSTSwas 0.00% · 295,235 shares
- Seaport Entertainment Group SEGwas 0.00% · 125,230 shares
- ETSY ETSYwas 0.00% · 24,571 shares
- Lamb Weston Holdings LWwas 0.00% · 18,143 shares
- Bristol-myers Squibb BMYwas 0.00% · 12,000 shares
- Intel INTCwas 0.00% · 29,134 shares
- Trinity Industries TRNwas 0.00% · 16,100 shares
- Unilever was 0.00% · 5,500 shares
- S&P Global SPGIwas 0.00% · 500 shares
- Vanguard Index Fds VOOwas 0.00% · 156 shares
- Ishares Tr IGFwas 0.00% · 312 shares
- Vanguard Index Fds VTIwas 0.00% · 50 shares
- Ishares Tr ACWXwas 0.00% · 94 shares
- Ishares Tr EEMwas 0.00% · 51 shares
- Ishares Tr ITAwas 0.00% · 14 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Oakmark (Harris Associates)'s 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.