Bill Nygren On His 9 Favorite Stocks

Bill Nygren On His 9 Favorite Stocks
Image source: CNBC Video Screenshot

While many investors think U.S. stocks are fully valued, Bill Nygren of Oakmark Funds sees plenty of opportunity, particularly among financials. Moreover, Nygren says many of America’s best companies can be bought at a market multiple.

The self-described “very frustrated Chicago Cubs fan” has hardly frustrated investors, delivering breathtaking long-term returns. Over the past five-, 10-, and 15-year periods, Oakmark Select Fund Class I (MUTF:OAKLX) has generated annual returns of 21.99%, 8.4% and 9.18% easily outpacing the S&P 500 at 18.17%, 7.7% and 4.2%. Year-to-date, the fund has returned 7.59%, compared to the index at 4.2%.

Nygren, who has run the fund since 1996, can also nimbly navigate down markets. In 2001, his fund surged 26%, outpacing the S&P by a staggering 38 percentage points. Morningstar rightly named Nygren its Domestic Stock Fund Manager of the Year. Today, Morningstar rates the fund four stars and assigns it a gold rating.

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