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Bill Nygren's Oakmark Select Fund reduced its PSX position by 86%, from 3.12% to 0.37% of the portfolio.

Now holds 182,500 shares worth $30.85M.
Published · Based on SEC filings

Medium impact
Major trim
2026 Q2

Bill Nygren's Oakmark Select Fund sold 1.11M shares of Phillips 66 (PSX) in 2026 Q2, according to the NPORT-P filed with the SEC on August 26, 2026, 86% of the position. What remains is 182K shares worth about $30.9M, 0.37% of the portfolio against 3.12% a quarter earlier.

What did the 2026 Q2 filing report for PSX?

As of June 30, 2026, from the NPORT-P filed August 26, 2026.

Before After
Shares 1.3M 182K
Shares sold -1.11M (86%)
Reported value $236.3M $30.9M
Portfolio weight 3.12% 0.37%
Rank in portfolio 23rd of 23

How much did Bill Nygren cut PSX?

Bill Nygren sold 1.11M shares of PSX during 2026 Q2, cutting the stake from 1.3M to 182K. The reported value of the position fell by about $205.4M, from about $236.3M to about $30.9M.

Where does PSX sit in the Bill Nygren portfolio?

PSX ranks 23rd of 23 stock positions in the Bill Nygren portfolio at 0.37%, below the fund's average stock position of 4%. The largest stock position is KDP at 7.64%. Next come CRM at 6.43% and FCNCA at 6.41%. The three largest stocks together are 20.49% of the book. The PSX cut was the 3rd largest of the quarter's 21 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, Bill Nygren reported 23 stock positions, with 1 opened and 2 closed. The total portfolio value is about $8.3B, up 10% from the prior quarter.

Bill Nygren buys and sells, 2026 Q2

How long has Bill Nygren held PSX?

Bill Nygren first reported PSX in the quarter ended December 31, 2023. The weight peaked at 5.76% in 2025 Q3. This is the second straight quarter of cuts. Last quarter the fund trimmed it by 44%. Every reported trade is on the Bill Nygren PSX trade history page.

Bill Nygren shares of PSX by quarter

Did other funds buy or sell PSX in 2026 Q2?

Among the other tracked funds that had filed for 2026 Q2 as of August 26, 2026, 3 hold PSX. Of those, 2 trimmed the position this quarter and none added. The largest sellers were Torray Fund, Tweedy and Browne Co All Funds (US). Every tracked holder of PSX is on the PSX ownership page.

FAQ

How many PSX shares did Bill Nygren sell in 2026 Q2?

Bill Nygren sold 1.11M shares of PSX, 86% of the position, leaving 182K shares.

What remains of the PSX position of Bill Nygren?

Bill Nygren still holds 182K shares of PSX, worth about $30.9M at June 30, 2026 prices.

How much of the Bill Nygren portfolio is PSX now?

PSX is 0.37% of the Bill Nygren portfolio, down from 3.12% a quarter earlier.

Did other funds trim PSX in 2026 Q2?

Among the 3 other tracked funds that hold PSX, 2 trimmed it in 2026 Q2 and none added to it.

Source: based on original SEC filings

Figures are from the fund's N-PORT report, which lists its positions at period-end values.
Stocks mentioned
Alan Irwin
Alan Irwin
Valuesider analyst