Oakmark Portfolio Manager and CIO – U.S., Bill Nygren, recently joined CNBC’s “Squawk On The Street” to share his insights on where he sees value in today’s dynamic market. Nygren, a seasoned value investor, discussed why he believes opportunities are ripe for those willing to look beyond the headlines.
During his appearance on “Squawk on the Street,” Nygren outlined his perspective on the current investment landscape. He emphasized that market volatility often creates entry points for long-term investors focused on intrinsic value. While acknowledging market fluctuations, Nygren pointed to specific companies within the Oakmark portfolio that he believes are currently undervalued.
Among the holdings discussed were several prominent names. Alphabet Cl A, for instance, represents a significant position in both the Oakmark Fund and Oakmark Select Fund, at 3.2% and 7.3% respectively as of July 31, 2024. Financial services firm Charles Schwab also featured prominently, holding 2.7% of the Oakmark Fund and 4.9% of the Select Fund. Citigroup, with a 3.0% allocation in the Oakmark Fund, and Deere, at 2.6% and 4.5% in the Oakmark and Select Funds, respectively, further illustrated Nygren’s value-driven approach. General Motors, another notable holding at 2.6% in the Oakmark Fund, rounded out the discussed examples.
It’s important to note that these portfolio holdings are as of a specific date (07/31/2024) and are subject to change. Oakmark Funds clarifies that these mentions are not stock recommendations and they are not obligated to update shareholders on portfolio changes. For a comprehensive view of the Oakmark Fund’s holdings, you can access the full list here. Similarly, the complete holdings for the Oakmark Select Fund are available at this link.
Nygren’s “Squawk on the Street” appearance provided valuable insights into Oakmark’s investment strategy and current market outlook. He underscored the long-term perspective inherent in value investing and highlighted specific areas where Oakmark sees potential for future growth. However, Oakmark also reminds investors that value investing involves risks, and past performance is not indicative of future results. The Oakmark Fund’s concentrated portfolio and the Oakmark Select Fund’s non-diversified nature can lead to higher volatility. Furthermore, investments in value stocks may underperform growth stocks at times.
Disclaimer: The information presented here is for informational purposes only and should not be considered investment advice. Always conduct thorough research and consult with a financial advisor before making investment decisions.
