News

Bill Nygren on CNBC’s “Halftime Report” (10.26.20)

October 26, 2020

Portfolio Manager Bill Nygren discussed third-quarter portfolio changes on CNBC’s “Halftime Report.”

The holdings mentioned comprise the following percentages of total net assets as of 09/30/20:

SecurityOakmark Fund
Ally Financial3.5%
Cloudflare Inc0%
Coca-Cola0%
Dunkin0%
Etsy0%
Fastly Inc0%
Keurig Dr Pepper1.5%
Levon Resources Ltd.0%
Nestlé0%
Peloton Interactive Inc0%
PepsiCo0%
Pinterest0%
Tesla Inc0%
Twilio Inc0%
Zoom Video Communications Inc0%
Zscaler Inc0%

Portfolio holdings are not intended as recommendations of individual stocks and are subject to change. The Funds disclaim any obligation to advise shareholders of such changes. Information about portfolio holdings does not represent a recommendation or an endorsement to Fund shareholders or other members of the public to buy or sell any security contained in the Funds’ portfolios. Portfolio holdings are current to the date listed but are subject to change any time. There are no assurances that the securities will remain in the Funds’ portfolios after the date listed or that the securities that were previously sold may not be repurchased.

Access the full list of holdings for the Oakmark Fund as of the most recent quarter-end.

The price to earnings ratio (“P/E”) compares a company’s current share price to its per-share earnings. It may also be known as the “price multiple” or “earnings multiple”, and gives a general indication of how expensive or cheap a stock is. Investors should not base investment decisions on any single attribute or characteristic data point.

The Russell 1000® Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000® Index and includes approximately 1000 of the largest securities based on a combination of their market cap and current index membership. The Russell 1000® represents approximately 92% of the U.S. market. This index is unmanaged and investors cannot invest directly in this index.

Harris Associates L.P. and the Oakmark funds are not affiliated with the Morningstar Ultimate Stock Pickers. For more information on the Morningstar Ultimate Stock Pickers, please contact Morningstar directly.​

Investing in value stocks presents the risk that value stocks ay fall out of favor with investors and underperform growth stocks during given periods.

The Fund’s portfolio tends to be invested in a relatively small number of stocks. As a result, the appreciation or depreciation of any one security held by the Fund will have a greater impact on the Fund’s net asset value than it would if the Fund invested in a larger number of securities. Although that strategy has the potential to generate attractive returns over time, it also increases the Fund’s volatility.

The information, data, analyses, and opinions presented herein (including current investment themes, the portfolio managers’ research and investment process, and portfolio characteristics) are for informational purposes only and represent the investments and views of the portfolio managers and Harris Associates L.P. as of the date written and are subject to change and may change based on market and other conditions and without notice. This content is not a recommendation of or an offer to buy or sell a security and is not warranted to be correct, complete or accurate.

Certain comments herein are based on current expectations and are considered “forward-looking statements”. These forward looking statements reflect assumptions and analyses made by the portfolio managers and Harris Associates L.P. based on their experience and perception of historical trends, current conditions, expected future developments, and other factors they believe are relevant. Actual future results are subject to a number of investment and other risks and may prove to be different from expectations. Readers are cautioned not to place undue reliance on the forward-looking statements.