News

Bill Nygren on CNBC’s “Squawk on the Street” (02.26.20)

February 26, 2020

Portfolio Manager Bill Nygren appeared on CNBC’s “Squawk on the Street” to discuss the firm’s long-term value investment philosophy and why he finds the financials sector attractive.

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

Security TitleOakmark Fund
Ally Financial2.9%
Alphabet Cl A2.6%
Bank of America3.6%
Capital One Financial3.1%
CBRE Group0%
Charter Communications Cl A2.7%
Citigroup3.6%
Fiat Chrysler2.2%
Regeneron Pharmaceuticals2.9%
TE Connectivity2.5%
Tesla0%

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.

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 S&P 500 Total Return Index is a float-adjusted, capitalization-weighted index of 500 U.S. large-capitalization stocks representing all major industries. It is a widely recognized index of broad, U.S. equity market performance. Returns reflect the reinvestment of dividends. This index is unmanaged and investors cannot invest directly in this index.

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 discussion of the Fund’s investments and investment strategy (including current investment themes, the portfolio managers’ research and investment process, and portfolio characteristics) represents the Fund’s investments and the views of the portfolio managers and Harris Associates L.P., the Fund’s investment adviser, at the time of this publication, and are subject to change without notice.