Bill Nygren
Portfolio value$75.4B
Positions162
QuarterQ2 2026ended 2026-06-30
Filed08/142026
Q2 2026 versus Q1 2026: 13 bought, 51 added to, 84 reduced, 9 sold. By dollars, the largest buy was Marsh McLennan, $586.4M more at the quarter-end price; the largest sale Phillips 66, $1.2B less. Net, $2.6B more sold than bought. What every tracked investor did in Q2 2026.
Every move, largest first
| Ticker | Issuer | Move | Shares Q1 2026 → Q2 2026 | Bought / sold | Of the portfolio | Weight now | Price vs model |
|---|---|---|---|---|---|---|---|
| PSX | Phillips 66 | reduced −81% | 9.1M → 1.8M | −$1.2B | −1.65% | 0.4% | 154% overvalued |
| GOOGL | Alphabet INC | reduced −25% | 8.4M → 6.3M | −$760.8M | −1.01% | 3.0% | 51% overvalued |
| WBD | Warner Bros Discovery INC | reduced −85% | 32.9M → 4.8M | −$748.4M | −0.99% | 0.2% | 137% overvalued |
| MPC | Marathon Pete Corp | reduced −92% | 2.8M → 229,011 | −$658.9M | −0.87% | 0.1% | 8% overvalued |
| MRSH | Marsh & Mclennan Cos INC | added +68% | 5.2M → 8.7M | +$586.4M | +0.78% | 1.9% | 17% undervalued |
| CHTR | Charter Communications INC | reduced −98% | 4.0M → 96,777 | −$553.5M | −0.73% | 0.0% | 64% undervalued |
| EOG | Eog Res INC | reduced −94% | 4.1M → 244,809 | −$504.2M | −0.67% | 0.0% | 39% undervalued |
| CMCSA | Comcast Corp New | reduced −73% | 26.4M → 7.2M | −$473.2M | −0.63% | 0.2% | 83% undervalued |
| SYY | Sysco Corp | added +48% | 11.0M → 16.3M | +$441.6M | +0.59% | 1.8% | 15% undervalued |
| EQH | Equitable Hldgs INC | added +33495% | 28,245 → 9.5M | +$415.1M | +0.55% | 0.6% | — |
| GOOG | Alphabet INC | added +118% | 887,164 → 1.9M | +$371.0M | +0.49% | 0.9% | 49% overvalued |
| BKNG | Booking Holdings INC | bought | — → 1.6M | +$277.6M | +0.37% | 0.4% | 18% undervalued |
| ACN | Accenture PLC Ireland (Call) | bought | — → 2.1M | +$263.8M | +0.35% | 0.3% | — |
| BAC | Bank Of Amer Corp | added +22% | 18.9M → 23.1M | +$238.3M | +0.32% | 1.7% | 1% overvalued |
| STT | State Str Corp | reduced −22% | 6.1M → 4.8M | −$234.5M | −0.31% | 1.1% | 5% overvalued |
| COP | Conocophillips | reduced −13% | 17.4M → 15.2M | −$233.9M | −0.31% | 2.1% | 24% undervalued |
| COF | Capital One Finl Corp | added +11% | 10.4M → 11.5M | +$227.6M | +0.30% | 3.1% | 10% overvalued |
| SCHW | Schwab Charles Corp | added +11% | 21.8M → 24.2M | +$220.4M | +0.29% | 3.0% | 43% undervalued |
| SYF | Synchrony Financial | added +60% | 4.7M → 7.4M | +$212.0M | +0.28% | 0.8% | 41% undervalued |
| TRGP | Targa Res Corp | reduced −9% | 8.7M → 7.9M | −$210.7M | −0.28% | 2.8% | 15% undervalued |
| ICE | Intercontinental Exchange In | added +10% | 16.3M → 18.1M | +$210.3M | +0.28% | 2.9% | 39% overvalued |
| CRM | Salesforce INC | added +8% | 14.9M → 16.2M | +$193.2M | +0.26% | 3.4% | 37% overvalued |
| CNC | Centene Corp Del | reduced −21% | 14.1M → 11.1M | −$190.6M | −0.25% | 0.9% | 56% undervalued |
| AMRZ | Amrize LTD | added +23% | 11.3M → 14.0M | +$141.0M | +0.19% | 1.0% | — |
| DE | Deere & CO | reduced −40% | 518,490 → 313,034 | −$130.3M | −0.17% | 0.3% | 80% overvalued |
| FISV | Fiserv INC | added +13% | 19.7M → 22.2M | +$121.3M | +0.16% | 1.4% | 83% undervalued |
| FLUT | Flutter Entmt PLC | sold | 1.1M → 0 | −$115.4M | −0.15% | — | — |
| ADBE | Adobe INC | added +23% | 2.3M → 2.8M | +$109.7M | +0.15% | 0.8% | 28% undervalued |
| WAT | Waters Corp | reduced −94% | 288,712 → 18,413 | −$101.4M | −0.13% | 0.0% | 73% overvalued |
| ELV | Elevance Health INC Formerly (Call) | sold | 340,000 → 0 | −$99.5M | −0.13% | — | — |
| FMX | Fomento Economico Mexicano S | reduced −31% | 2.2M → 1.5M | −$89.8M | −0.12% | 0.3% | — |
| SUNB | Sunbelt Rentals Holdings INC | reduced −10% | 11.7M → 10.5M | −$89.2M | −0.12% | 1.0% | — |
| ROP | Roper Technologies INC | added +14% | 1.7M → 2.0M | +$82.8M | +0.11% | 0.9% | 6% overvalued |
| NFLX | Netflix Inc. | added +12% | 9.9M → 11.0M | +$82.5M | +0.11% | 1.0% | 39% overvalued |
| AER | Aercap Holdings NV | added +9% | 5.9M → 6.5M | +$81.4M | +0.11% | 1.2% | — |
| GPN | Global Pmts INC | added +9% | 11.9M → 12.9M | +$76.7M | +0.10% | 1.2% | 81% undervalued |
| CPNG | Coupang INC | added +43% | 10.0M → 14.3M | +$75.0M | +0.10% | 0.3% | — |
| C | Citigroup INC | reduced −6% | 9.3M → 8.8M | −$72.7M | −0.10% | 1.6% | 8% overvalued |
| DAL | Delta Air Lines INC | reduced −4% | 18.0M → 17.3M | −$63.0M | −0.08% | 2.2% | 3% undervalued |
| FCNCA | First Ctzns Bancshares INC D | reduced −3% | 948,101 → 919,347 | −$59.8M | −0.08% | 2.5% | — |
| CBRE | Cbre Group INC | reduced −6% | 6.4M → 6.0M | −$55.0M | −0.07% | 1.1% | 58% overvalued |
| COO | Cooper Cos INC | bought | — → 766,520 | +$55.0M | +0.07% | 0.1% | 13% overvalued |
| SDA | Sealed Air Corp New | sold | 1.3M → 0 | −$53.7M | −0.07% | — | — |
| FISV | Fiserv INC (Call) | sold | 950,000 → 0 | −$53.0M | −0.07% | — | — |
| ELV | Elevance Health INC Formerly | added +3% | 4.8M → 4.9M | +$49.5M | +0.07% | 2.5% | 20% undervalued |
| TEL | Te Connectivity PLC | added +8% | 2.8M → 3.0M | +$46.7M | +0.06% | 0.8% | 36% overvalued |
| LBRDK | Liberty Broadband Corp | reduced −34% | 4.0M → 2.6M | −$46.2M | −0.06% | 0.1% | — |
| CG | Carlyle Group INC | added +6% | 16.6M → 17.7M | +$45.4M | +0.06% | 1.0% | — |
| ABNB | Airbnb INC | reduced −2% | 19.2M → 18.9M | −$43.0M | −0.06% | 3.6% | 93% overvalued |
| RJF | Raymond James Finl INC | added +8% | 3.4M → 3.7M | +$40.8M | +0.05% | 0.7% | 8% undervalued |
| MRK | Merck & CO INC | reduced −2% | 12.4M → 12.1M | −$37.8M | −0.05% | 2.1% | 24% undervalued |
| IT | Gartner INC | reduced −9% | 3.1M → 2.8M | −$37.5M | −0.05% | 0.5% | 14% undervalued |
| RGA | Reinsurance Group Amer INC | reduced −3% | 4.9M → 4.7M | −$35.3M | −0.05% | 1.3% | — |
| GPC | Genuine Parts CO | reduced −7% | 3.9M → 3.7M | −$33.1M | −0.04% | 0.6% | 57% overvalued |
| WTW | Willis Towers Watson PLC LTD | reduced −2% | 6.0M → 5.9M | −$28.7M | −0.04% | 2.0% | 41% undervalued |
| OC | Owens Corning New | added +20% | 915,393 → 1.1M | +$28.6M | +0.04% | 0.2% | — |
| CTVA | Corteva INC | reduced −2% | 16.7M → 16.3M | −$27.4M | −0.04% | 1.8% | 65% undervalued |
| BC | Brunswick Corp | reduced −14% | 2.2M → 1.9M | −$26.9M | −0.04% | 0.2% | — |
| AMZN | Amazon Com INC | reduced −2% | 4.8M → 4.7M | −$25.6M | −0.03% | 1.5% | 182% overvalued |
| MSFT | Microsoft Corp | added +915% | 6,757 → 68,612 | +$23.1M | +0.03% | 0.0% | 10% overvalued |
| MAS | Masco Corp | reduced −3% | 8.6M → 8.3M | −$22.6M | −0.03% | 0.9% | 21% overvalued |
| CDW | Cdw Corp | added +3% | 5.4M → 5.5M | +$22.6M | +0.03% | 1.0% | 14% undervalued |
| WDAY | Workday INC | added +1552% | 11,667 → 192,764 | +$22.2M | +0.03% | 0.0% | 339% overvalued |
| ICLR | Icon Pub LTD CO | added +3% | 4.4M → 4.5M | +$20.3M | +0.03% | 1.0% | — |
| GM | General Mtrs CO | reduced −2% | 13.5M → 13.2M | −$20.0M | −0.03% | 1.3% | 53% overvalued |
| CRL | Charles Riv Labs Intl INC | added +4% | 2.2M → 2.2M | +$19.9M | +0.03% | 0.7% | 348% overvalued |
| BDX | Becton Dickinson & CO | added +6% | 2.2M → 2.4M | +$19.5M | +0.03% | 0.5% | 14% undervalued |
| ZBH | Zimmer Biomet Holdings INC | reduced −2% | 13.0M → 12.7M | −$19.1M | −0.03% | 1.5% | 44% undervalued |
| STZ | Constellation Brands INC | reduced −4% | 3.2M → 3.1M | −$18.9M | −0.03% | 0.6% | 5% overvalued |
| AIG | American Intl Group INC | reduced −1% | 20.6M → 20.4M | −$17.9M | −0.02% | 2.0% | 90% overvalued |
| PAYC | Paycom Software INC | added +4% | 3.3M → 3.4M | +$17.6M | +0.02% | 0.6% | — |
| GEHC | Ge Healthcare Technologies I | reduced −2% | 15.6M → 15.3M | −$17.0M | −0.02% | 1.3% | 40% undervalued |
| UNP | Union Pac Corp | added +2% | 3.8M → 3.8M | +$16.9M | +0.02% | 1.4% | 23% overvalued |
| HLN | Haleon PLC | added +12% | 15.0M → 16.8M | +$16.8M | +0.02% | 0.2% | — |
| ACN | Accenture PLC Ireland | reduced −5% | 2.9M → 2.8M | −$16.7M | −0.02% | 0.5% | 13% undervalued |
| CVS | Cvs Health Corp | reduced −32% | 494,126 → 335,817 | −$16.4M | −0.02% | 0.0% | 420% overvalued |
| NKE | Nike INC | reduced −3% | 14.8M → 14.4M | −$15.3M | −0.02% | 0.8% | 16% overvalued |
| GRFS | Grifols S A | sold | 1.8M → 0 | −$14.6M | −0.02% | — | — |
| ALSN | Allison Transmission Hldgs I | reduced −24% | 532,007 → 402,762 | −$14.6M | −0.02% | 0.1% | — |
| ALLY | Ally Finl INC | reduced −1% | 26.4M → 26.1M | −$14.0M | −0.02% | 1.6% | — |
| FBIN | Fortune Brands Innovations I | added +3% | 7.4M → 7.6M | +$13.8M | +0.02% | 0.6% | — |
| NVST | Envista Holdings Corporation | reduced −15% | 3.3M → 2.8M | −$13.3M | −0.02% | 0.1% | — |
| ORCL | Oracle Corp | reduced −12% | 740,525 → 650,879 | −$13.1M | −0.02% | 0.1% | 30% undervalued |
| EFX | Equifax INC | reduced −1% | 7.5M → 7.4M | −$13.0M | −0.02% | 1.6% | 39% overvalued |
| LAD | Lithia Mtrs INC | reduced −2% | 2.0M → 1.9M | −$12.0M | −0.02% | 0.7% | — |
| CNH | Cnh Indl N V | added +2% | 58.1M → 59.1M | +$10.6M | +0.01% | 0.9% | — |
| BLK | Blackrock INC | reduced −18% | 54,555 → 44,575 | −$9.6M | −0.01% | 0.1% | 23% overvalued |
| MA | Mastercard Incorporated | reduced −15% | 118,615 → 100,993 | −$9.1M | −0.01% | 0.1% | 15% overvalued |
| KB | Kb Finl Group INC | reduced −98% | 83,474 → 1,944 | −$8.6M | −0.01% | 0.0% | — |
| BIRK | Birkenstock Holding PLC | bought | — → 185,100 | +$8.0M | +0.01% | 0.0% | — |
| OPLN | Openlane INC | reduced −32% | 571,157 → 386,223 | −$7.6M | −0.01% | 0.0% | — |
| WFC | Wells Fargo & CO | reduced −1% | 11.0M → 10.9M | −$7.5M | −0.01% | 1.2% | 6% undervalued |
| KDP | Keurig Dr Pepper INC | reduced −0% | 93.1M → 92.9M | −$7.5M | −0.01% | 4.0% | 57% undervalued |
| NDAQ | Nasdaq INC | added +1% | 8.0M → 8.1M | +$6.5M | +0.01% | 0.8% | 119% overvalued |
| MDLZ | Mondelez Intl INC | reduced −2% | 5.6M → 5.5M | −$6.4M | −0.01% | 0.4% | 88% overvalued |
| ZGN | Ermenegildo Zegna N V | reduced −16% | 2.9M → 2.4M | −$6.2M | −0.01% | 0.0% | — |
| CRBG | Corebridge Finl INC | added +1% | 25.0M → 25.1M | +$4.8M | +0.01% | 1.0% | — |
| MOH | Molina Healthcare INC | reduced −2% | 978,147 → 957,500 | −$4.7M | −0.01% | 0.3% | — |
| SPY | State Str Spdr S&p 500 ETF T | reduced −72% | 7,712 → 2,148 | −$4.2M | −0.01% | 0.0% | — |
| CIGI | Colliers Intl Group INC | added +13% | 313,300 → 354,200 | +$3.8M | +0.01% | 0.0% | — |
Bought / sold is the change in shares × the quarter's reported price (value ÷ shares in the filing); a position sold out is priced at the quarter before, since it has no price in this one. “Of the portfolio” is that amount against this quarter's reported book.
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.