Nygren's Q2 2025 N-PORT: Kroger Exit, Nike, Amazon, Salesforce Additions, Airbnb, GE HealthCare Increases

Bill Nygren's Strategic Moves: The Kroger Co. Exit and Portfolio Adjustments. Nygren, a seasoned value investor, recently submitted the N-PORT filing for Q2 2025, providing insights into his investment moves. He added four stocks, including Nike Inc, Amazon.com Inc, and Salesforce Inc, and increased stakes in 29 stocks, including Airbnb Inc and GE HealthCare Technologies Inc. Nygren also exited three holdings, including The Kroger Co and CVS Health Corp, and reduced positions in 14 stocks.

Bill Nygren, a seasoned value investor and Portfolio Manager of The Oakmark Fund, The Oakmark Select Fund, and the Oakmark Global Select Fund, recently submitted his second quarter 2025 N-PORT filing. The report offers valuable insights into his investment strategies and recent portfolio adjustments [1].

New Additions
Nygren added four stocks to his portfolio in the second quarter of 2025. The most significant addition was Nike Inc (NYSE:NKE), with 6,235,000 shares, representing 1.94% of the portfolio and valued at $442.93 million. The second largest addition was Amazon.com Inc (NASDAQ:AMZN), with 1,745,000 shares, accounting for approximately 1.68% of the portfolio and valued at $382.84 million. The third largest addition was Salesforce Inc (NYSE:CRM), with 920,000 shares, making up 1.1% of the portfolio and valued at $250.87 million [1].

Key Position Increases
Nygren also increased stakes in a total of 29 stocks. The most notable increase was in Airbnb Inc (NASDAQ:ABNB), with an additional 1,742,000 shares, bringing the total to 4,082,000 shares. This adjustment represents a significant 74.44% increase in share count, impacting the portfolio by 1.01%, with a total value of $540.21 million. The second largest increase was in GE HealthCare Technologies Inc (NASDAQ:GEHC), with an additional 2,833,485 shares, bringing the total to 5,268,000. This adjustment represents a significant 116.39% increase in share count, with a total value of $390.20 million [1].

Exits and Reductions
Nygren completely exited three holdings in the second quarter of 2025. The most impactful was The Kroger Co (NYSE:KR), where he sold all 6,800,000 shares, resulting in a -2.06% impact on the portfolio. Additionally, he liquidated all 3,950,000 shares of CVS Health Corp (NYSE:CVS), causing a -1.2% impact on the portfolio. Nygren also reduced positions in 14 stocks, with the most significant changes including a reduction in Deere & Co (NYSE:DE) by 959,400 shares, resulting in a -69.34% decrease in shares and a -2.01% impact on the portfolio [1].

Portfolio Overview
As of the second quarter of 2025, Nygren's portfolio included 56 stocks. The top holdings were 3.87% in Alphabet Inc (NASDAQ:GOOGL), 3.72% in Citigroup Inc (NYSE:C), 3.19% in Charles Schwab Corp (NYSE:SCHW), 2.84% in Intercontinental Exchange Inc (NYSE:ICE), and 2.7% in Phillips 66 (NYSE:PSX) [1].

Market Context
The recent strategic moves by Nygren align with his value investing strategy, which focuses on companies trading at a substantial discount to their perceived true business value. His additions to the portfolio, such as Nike Inc, Amazon.com Inc, and Salesforce Inc, reflect his belief in the long-term growth potential of these companies. Meanwhile, the exit from The Kroger Co and CVS Health Corp suggests a reassessment of their value propositions or potential risks [1, 2].

Conclusion
Nygren's strategic moves in the second quarter of 2025 demonstrate his commitment to a value-driven investment strategy. By adding high-growth companies and increasing stakes in promising sectors, he aims to capitalize on long-term trends. However, his exits from certain holdings highlight the importance of continuous portfolio management and risk assessment in achieving sustainable returns.

References
[1] https://finance.yahoo.com/news/bill-nygrens-strategic-moves-kroger-160027218.html
[2] https://simplywall.st/stocks/us/retail/nasdaq-amzn/amazoncom/news/amazoncom-amzn-expands-amazon-business-with-lpl-financial-na