Bill Nygren · quarter digest
What Bill Nygren did in Q4 2025
Oakmark Funds filed 60 moves in Q4 2025: 2 new, 28 add, 24 trim, 6 exit.
13F filed 2026-02-14. Manager quality score: q7. Philosophy: Concentrated value. Buy good businesses at a discount to intrinsic value.
New positions · 2
Fresh money
AER
NEW·1.1% book·−8
IT
NEW·0.3% book·−8
Adds · 28
Adding to conviction
ADD +12%·4.0% book·−1
“Adding to Netflix on profitability.”
ADD +20%·3.3% book·−18
CRM
ADD +39%·3.3% book·−6
ABNB
ADD +21%·3.2% book·−14
ADD +53%·3.2% book·0
KDP
ADD +38%·3.1% book·0
COP
ADD +27%·2.8% book·−4
ADD +20%·2.7% book·−13
“Building the new KKR position.”
WTW
ADD +31%·2.3% book·−6
ELV
ADD +50%·2.1% book·−7
EFX
ADD +30%·2.1% book·+4
MRK
ADD +43%·1.9% book·−5
DAL
ADD +45%·1.7% book·−11
FISV
ADD +198%·1.7% book·−9
ZBH
ADD +158%·1.4% book·−1
ADD +72%·1.2% book·−2
CHTR
ADD +24%·1.1% book·−25
GPN
ADD +66%·1.1% book·−6
UNP
ADD +149%·1.1% book·−4
ADD +24%·1.0% book·−3
STZ
ADD +58%·0.6% book·−4
PAYC
ADD +69%·0.6% book·−14
FLUT
ADD +59%·0.3% book·−7
ADD +345%·0.0% book·+26
ADD +12%·0.0% book·−2
SPY
ADD +152%·0.0% book·−2
VOT
ADD +1320%·0.0% book·−6
WMT
ADD +33%·0.0% book·−9
Trims · 24
Taking chips off
TRIM -22%·3.5% book·−27
GM
TRIM -17%·1.8% book·−9
TRIM -27%·1.5% book·−6
TRIM -27%·1.4% book·−1
MOH
TRIM -13%·0.5% book·−1
TRIM -19%·0.4% book·+2
RYAAY
TRIM -27%·0.2% book·−13
TRIM -10%·0.1% book·−7
BLK
TRIM -18%·0.1% book·−7
HCA
TRIM -18%·0.1% book·−10
ABBV
TRIM -15%·0.0% book·−7
TRIM -18%·0.0% book·−4
DHR
TRIM -22%·0.0% book·−18
DEO
TRIM -32%·0.0% book·−16
GS
TRIM -10%·0.0% book·−13
HDB
TRIM -31%·0.0% book·−17
TRIM -9%·0.0% book·−19
TRIM -35%·0.0% book·−9
IWM
TRIM -47%·0.0% book·−2
KR
TRIM -85%·0.0% book·−16
TRIM -13%·0.0% book·−17
TRIM -25%·0.0% book·+14
TRIM -12%·0.0% book·+1
WDAY
TRIM -13%·0.0% book·−36
Exits · 6
Closed positions
Current top holdings
Bill Nygren’s book, latest snapshot
Other quarters for Bill Nygren
Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.
Deep dive
Reading for your research
Optional background reading on interpreting company disclosures and investing methods. These books do not validate a signal or predict returns.
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The Intelligent Investor
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Security Analysis
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