Great investors · Bill Nygren · Q3 2025
What Bill Nygren bought and sold in Q3 2025
Oakmark (Harris Associates) 13F portfolio as of Sep 30, 2025: 177 positions worth $62.4 bn. Largest: GOOGL, IQV, SCHW, COF. Filed with the SEC on Nov 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 Q3 2025
- IncreasedSalesforceCRM+1.5 pp
- IncreasedTarga ResourcesTRGP+1.0 pp
- IncreasedKeurig Dr PepperKDP+0.6 pp
- NewUnion PacificUNP+0.6 pp
Sells in Q3 2025
- ReducedAlphabetGOOGL−1.7 pp
- ReducedCenteneCNC−0.6 pp
- ReducedCBRE GroupCBRE−0.6 pp
- ReducedTE ConnectivityTEL−0.5 pp
8 companies with material moves, out of 8 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 Q3 2025 13F lists 177 lines of US-listed securities worth $62.4 bn; the largest is GOOGL at 4.45% of the portfolio. It was accepted by the SEC on Nov 14, 2025 at 4:15 PM ET.
Against the previous quarter, it opened 16 positions (UNP, FMX, ZGN and UNH and 12 more), closed 12 (OTEX, KVUE, Sapiens International and EBAY and 8 more), added to 33 (TRGP, CRM, KDP and ELV and 29 more) and trimmed 90 (GOOGL, CBRE, TEL and WBD and 86 more). 36 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Alphabet GOOGL | 11.4 M | $2.8 bn | 4.45% | −28% |
| 2 | IQVIA Holdings IQV | 11.4 M | $2.2 bn | 3.47% | −3.1% |
| 3 | Charles Schwab SCHW | 21.2 M | $2.0 bn | 3.25% | −7.5% |
| 4 | Capital One Financial COF | 9.0 M | $1.9 bn | 3.08% | −10% |
| 5 | Airbnb ABNB | 15.5 M | $1.9 bn | 3.01% | +8.5% |
| 6 | Warner Bros. Discovery WBD | 96.0 M | $1.9 bn | 3.00% | −12% |
| 7 | Phillips 66 PSX | 13.6 M | $1.9 bn | 2.97% | +1.4% |
| 8 | ConocoPhillips COP | 18.9 M | $1.8 bn | 2.86% | −2.7% |
| 9 | Intercontinental Exchange ICE | 10.2 M | $1.7 bn | 2.75% | no change |
| 10 | Salesforce CRM | 7.0 M | $1.7 bn | 2.68% | +135% |
| 11 | Keurig Dr Pepper KDP | 62.6 M | $1.6 bn | 2.56% | +33% |
| 12 | Equifax EFX | 5.8 M | $1.5 bn | 2.40% | +14% |
| 13 | Willis Towers Watson WTW | 4.3 M | $1.5 bn | 2.38% | +13% |
| 14 | Citigroup C | 13.8 M | $1.4 bn | 2.25% | −14% |
| 15 | Bank of America BAC | 27.2 M | $1.4 bn | 2.25% | −7.7% |
| 16 | American International Group AIG | 17.8 M | $1.4 bn | 2.24% | +3% |
| 17 | First Citizens Bancshares FCNCA | 737,317 | $1.3 bn | 2.11% | no change |
| 18 | General Motors GM | 21.1 M | $1.3 bn | 2.06% | −17% |
| 19 | CBRE Group CBRE | 6.9 M | $1.1 bn | 1.74% | −24% |
| 20 | Ally Financial ALLY | 27.0 M | $1.1 bn | 1.70% | no change |
| 21 | Elevance Health ELV | 3.2 M | $1.0 bn | 1.65% | +39% |
| 22 | Deere DE | 2.2 M | $986M | 1.58% | −1.3% |
| 23 | Charter Communications CHTR | 3.5 M | $961M | 1.54% | −4.8% |
| 24 | Amazon.com AMZN | 4.4 M | $956M | 1.53% | −7.5% |
| 25 | Wells Fargo WFC | 10.8 M | $905M | 1.45% | −5.8% |
| 26 | State Street STT | 7.6 M | $884M | 1.42% | no change |
| 27 | TE Connectivity TEL | 4.0 M | $880M | 1.41% | −27% |
| 28 | Fiserv FISV | 6.8 M | $872M | 1.40% | +27% |
| 29 | CNH Industrial CNH | 79.3 M | $861M | 1.38% | no change |
| 30 | GE Healthcare Technologies GEHC | 11.0 M | $828M | 1.33% | +14% |
| 31 | Merck MRK | 9.8 M | $824M | 1.32% | +7.6% |
| 32 | Marathon Petroleum MPC | 4.0 M | $772M | 1.24% | −3% |
| 33 | Delta Air Lines DAL | 13.5 M | $767M | 1.23% | −3.7% |
| 34 | Targa Resources TRGP | 4.2 M | $696M | 1.12% | ×16 |
| 35 | Comcast CMCSA | 22.1 M | $693M | 1.11% | +3.1% |
| 36 | Carlyle Group CG | 10.9 M | $685M | 1.10% | −3.4% |
| 37 | Sysco SYY | 8.3 M | $684M | 1.10% | −4.9% |
| 38 | Reinsurance Group of America RGA | 3.3 M | $643M | 1.03% | +40% |
| 39 | Lithia Motors LAD | 2.0 M | $626M | 1.00% | no change |
| 40 | APA APA | 25.0 M | $607M | 0.97% | −6% |
| 41 | Nike NKE | 8.7 M | $605M | 0.97% | no change |
| 42 | Corebridge Financial CRBG | 18.7 M | $600M | 0.96% | −7% |
| 43 | Becton, Dickinson BDX | 3.1 M | $583M | 0.93% | +6.8% |
| 44 | Global Payments GPN | 6.8 M | $566M | 0.91% | +2.1% |
| 45 | Nasdaq NDAQ | 5.9 M | $522M | 0.84% | −24% |
| 46 | Masco MAS | 7.4 M | $522M | 0.84% | +1.3% |
| 47 | Molina Healthcare MOH | 2.7 M | $513M | 0.82% | +74% |
| 48 | EOG Resources EOG | 4.6 M | $512M | 0.82% | −2.1% |
| 49 | Zimmer Biomet Holdings ZBH | 4.8 M | $468M | 0.75% | +27% |
| 50 | Corteva CTVA | 6.4 M | $430M | 0.69% | −8.1% |
| 51 | Fortune Brands Innovations FBIN | 7.7 M | $414M | 0.66% | +2.2% |
| 52 | Icon ICLR | 2.3 M | $410M | 0.66% | +43% |
| 53 | Liberty Broadband LBRDK | 6.4 M | $407M | 0.65% | no change |
| 54 | Genuine Parts GPC | 2.9 M | $404M | 0.65% | no change |
| 55 | Paycom Software PAYC | 1.9 M | $396M | 0.64% | −8.5% |
| 56 | Bank of New York Mellon BNY | 3.4 M | $375M | 0.60% | −30% |
| 57 | Union Pacific UNP | 1.5 M | $346M | 0.56% | new |
| 58 | Centene CNC | 9.1 M | $326M | 0.52% | −55% |
| 59 | Alphabet GOOG | 1.2 M | $289M | 0.46% | −13% |
| 60 | Constellation Brands STZ | 2.0 M | $276M | 0.44% | +17% |
| 61 | Fomento Economico Mexicano S FMX | 2.7 M | $267M | 0.43% | new |
| 62 | Visa V | 757,438 | $259M | 0.41% | −2.1% |
| 63 | Charles River Laboratories International CRL | 1.5 M | $230M | 0.37% | +27% |
| 64 | Oracle ORCL | 801,230 | $225M | 0.36% | −22% |
| 65 | Brunswick BC | 3.4 M | $214M | 0.34% | −11% |
| 66 | Baxter International BAX | 8.5 M | $193M | 0.31% | −9.4% |
| 67 | Sealed Air | 5.3 M | $188M | 0.30% | no change |
| 68 | Ryanair Holdings RYAAY | 3.1 M | $184M | 0.30% | −22% |
| 69 | Flutter Entertainment FLUT | 640,181 | $163M | 0.26% | −21% |
| 70 | Celanese CE | 3.4 M | $145M | 0.23% | −3.3% |
| 71 | Envista Holdings NVST | 6.8 M | $140M | 0.22% | −12% |
| 72 | Vail Resorts MTN | 900,324 | $135M | 0.22% | −7.4% |
| 73 | ABM Industries ABM | 2.8 M | $128M | 0.20% | +5.8% |
| 74 | THOR Industries THO | 1.1 M | $112M | 0.18% | −18% |
| 75 | Magna International MGA | 2.2 M | $102M | 0.16% | −70% |
| 76 | Wendy's WEN | 10.6 M | $97.1M | 0.16% | −4.3% |
| 77 | HCA Healthcare HCA | 221,822 | $94.5M | 0.15% | −8.4% |
| 78 | Borgwarner BWA | 2.1 M | $90.8M | 0.15% | −26% |
| 79 | Mondelez International MDLZ | 1.4 M | $89.6M | 0.14% | +5.2% |
| 80 | American Express AXP | 243,297 | $80.8M | 0.13% | −2.2% |
| 81 | BlackRock BLK | 66,698 | $77.8M | 0.12% | −74% |
| 82 | Mastercard MA | 125,880 | $71.6M | 0.11% | no change |
| 83 | Warner Music Group WMG | 2.1 M | $70.5M | 0.11% | −25% |
| 84 | Allison Transmission Holdings ALSN | 710,157 | $60.3M | 0.10% | no change |
| 85 | KKR KKR | 379,906 | $49.4M | 0.08% | −12% |
| 86 | Openlane OPLN | 1.7 M | $48.5M | 0.08% | −53% |
| 87 | CDW CDW | 274,550 | $43.7M | 0.07% | +38% |
| 88 | CVS Health CVS | 548,572 | $41.4M | 0.07% | −35% |
| 89 | ACV Auctions ACVA | 3.8 M | $37.7M | 0.06% | +25% |
| 90 | Owens Corning OC | 261,960 | $37.1M | 0.06% | no change |
| 91 | Cushman Wakefield | 2.3 M | $36.8M | 0.06% | −21% |
| 92 | Ermenegildo Zegna ZGN | 3.6 M | $33.6M | 0.05% | new |
| 93 | Apple AAPL | 128,803 | $32.8M | 0.05% | −1.5% |
| 94 | Hilton Worldwide Holdings HLT | 126,360 | $32.8M | 0.05% | −15% |
| 95 | Autoliv ALV | 264,690 | $32.7M | 0.05% | −21% |
| 96 | Goldman Sachs Group GS | 36,803 | $29.3M | 0.05% | −44% |
| 97 | Grifols GRFS | 2.7 M | $27.2M | 0.04% | −13% |
| 98 | Kroger KR | 284,538 | $19.2M | 0.03% | −27% |
| 99 | Crown Holdings CCK | 186,612 | $18.0M | 0.03% | no change |
| 100 | Interpublic Group of Companies IPG | 493,971 | $13.8M | 0.02% | −79% |
The 100 largest lines are shown. The other 77 add up to 0.18% of the portfolio; full 13F of Oakmark (Harris Associates) →
Positions it closed (12)
- Open Text OTEXwas 0.26% · 5.5 M shares
- Kenvue KVUEwas 0.19% · 5.7 M shares
- Sapiens International was 0.03% · 673,980 shares
- eBay EBAYwas 0.00% · 8,500 shares
- Energy Transfer ETwas 0.00% · 16,500 shares
- Fresenius Medical Care FMSwas 0.00% · 9,750 shares
- Home Depot HDwas 0.00% · 693 shares
- Stryker SYKwas 0.00% · 571 shares
- Zoetis ZTSwas 0.00% · 1,405 shares
- Intuit INTUwas 0.00% · 264 shares
- BlackRock Tech and Private E BTXwas 0.00% · 25,000 shares
- Lloyds Banking Group LYGwas 0.00% · 28,590 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) ↗
Follow Bill Nygren and see their Q3 2026 13F once it is filed
Free. We email you (if you turn it on) and in Following you see what each manager you follow bought and sold.
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.