The Oakmark Funds are advised by Harris Associates L.P. an autonomous subsidiary of Natixis Investment Managers, L.P.

Learn more about the principles and philosophy behind our funds at HarrisAssoc.com.

Harris Associates

111 South Wacker Drive, Suite 4600
Chicago, Illinois 60606
312-646-3600

Bill Nygren portrait

William C. Nygren, CFA

Partner and CIO-U.S.

Bill Nygren has been a manager of the Oakmark Select Fund since 1996, the Oakmark Fund since 2000 and the Oakmark U.S. Large Cap ETF since 2024. He was a manager of the Oakmark Global Select Fund from 2006 to 2023. Mr. Nygren is also the chief investment officer-U.S. at Harris Associates, which he joined in 1983, and a vice president of the Oakmark Funds. He served as the firm’s director of U.S. research from 1990 to 1998.

Mr. Nygren has received many accolades during his investment career, including being named Morningstar’s Domestic Stock Manager of the Year for 2001.

He holds an M.S. in finance from the University of Wisconsin’s Applied Security Analysis Program (1981) and a B.S. in accounting from the University of Minnesota (1980).

According to Morningstar, the Morningstar Manager of the Year award is presented to portfolio managers based on the managers’ (i) “ability to generate exceptional returns;” (ii) “willingness to align their interests with shareholders;” and (iii) “courage to stay with their strategies in order to produce superior risk-adjusted returns in the end.

Commentary

What goes up | U.S. equity market commentary 4Q 2025

December 31, 2025

Bill discusses why today's market conditions present a rare opportunity for value investors.

Oakmark Fund: Fourth Quarter 2025

December 31, 2025

At the sector level, the largest contributors to performance were communication services and health care, while energy was the only detractor.

Oakmark Select Fund: Fourth Quarter 2025

December 31, 2025

At the sector level, the largest contributors to performance were communication services and financials, while industrials was the only detractor.

News + Insights

Bill Nygren- Portfolio Manager- CNBC image

News

Bill Nygren on CNBC’s “Squawk on the Street” (12.24.25)

December 24, 2025

CIO-U.S. and Portfolio Manager Bill Nygren joined CNBC’s “Squawk on the Street” to recap 2025 and discuss the outlook for U.S. equities.

Bill Nygren- Portfolio Manager- CNBC image

News

Bill Nygren on CNBC’s “Squawk Box” (11.21.25)

November 21, 2025

CIO-U.S. and Portfolio Manager Bill Nygren joined CNBC’s “Squawk Box” to discuss top value stocks and the outlook for today's markets.

Bill Nygren podcast image

News

Bill Nygren on “The World According to Boyar” podcast (11.05.25)

November 5, 2025

CIO-U.S. and Portfolio Manager Bill Nygren discusses how value investing has shifted to include intangible assets and qualitative analysis, offering his thoughts on adapting...

We do value investing differently

At Oakmark, we don’t have an opinion about how equities will perform this year, if a recession will start or if the political parties will produce pro-growth candidates during the next election cycle. As long-term investors, we don’t think it matters.