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.
Partner and CIO-U.S.
Bill Nygren has been a manager of the Oakmark Select Fund since 1996, Oakmark Fund since 2000 and the Oakmark Global Select Fund since 2006. He is also the chief investment officer for U.S. equities at Harris Associates, which he joined in 1983, and a vice president of the Oakmark Funds. He served as the firm’s director of 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.
Insights
November 17, 2023
What happens when a cheap stock happens to have good growth? Portfolio Manager Bill Nygren shares why buying great businesses at average prices if...
News
November 10, 2023
Is the 60/40 portfolio allocation making a comeback? Learn more from Portfolio Manager Bill Nygren on “Barron’s Roundtable.”
News
November 9, 2023
Should government shutdowns cause investors to pause? The first shutdown was in 1981; those who put money in the S&P 500 then have made...
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.
Commentary
Value vs. growth: Then and now | U.S. Equity market commentary 3Q23
September 30, 2023
The optimists who buy exciting businesses regardless of price have been on quite a run, resulting in today’s unusually wide spread of P/E ratios. Following strong outperformance, selling some high P/E stocks to buy...
Oakmark Fund: Third Quarter 2023 and Fiscal Year-End
September 30, 2023
Amid the current market backdrop, we are finding cheap stocks on traditional value metrics that we expect to drive attractive risk-adjusted returns over the long term.
Oakmark Select Fund: Third Quarter 2023 and Fiscal Year-End
September 30, 2023
During the third quarter, we initiated a new position in a leading provider of clinical trials and related health care technology.