News

Bill Nygren on CNBC’s “Halftime Report” (01.21.20)

January 21, 2020

Portfolio Manager Bill Nygren discussed current holdings on CNBC’s “Halftime Report.”

The holdings mentioned comprise the following percentages of the Fund’s total net assets as of 12/31/2019:

Security Title Oakmark Fund
Ally Financial2.9%
Alphabet Cl A2.6%
Alphabet Cl C1.2%
Apache1.7%
Apple1.6%
AT&T0%
Chesapeake Energy0%
Concho Resources1.4%
Diamondback Energy1.1%
EOG Resources1.3%
Facebook Cl A2.4%
General Electric2.2%
Halliburton0%
Microsoft0%
Netflix3.1%
Uber0%

Portfolio holdings are subject to change without notice and are not intended as recommendations of individual stocks. Current and future portfolio holdings are subject to risk. Portfolio holdings represent only securities held in the U.S. domiciled Oakmark Funds and may not be representative of any other portfolio managed by Harris Associates L.P.

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

The Oakmark 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.

EBITDA refers to Earnings Before the deduction of payments for Interest, Taxes, Depreciation and Amortization which is a measure of operating income.

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 discussion of the Funds’ investments and investment strategy (including current investment themes, the portfolio managers’ research and investment process, and portfolio characteristics) represents the Funds’ investments and the views of the portfolio managers and Harris Associates L.P., the Funds’ investment adviser, as of the date written and are subject to change without notice.