Veteran value investor Bill Nygren's Oakmark Funds significantly increased its position in Alphabet Inc. (GOOG), buying an estimated $371.05 million worth of the tech giant's shares. According to a quarterly disclosure made to the SEC, the firm boosted its holdings by over 118%, ending the second quarter of 2026 with 1.94 million shares valued at approximately $684.51 million.
This move marks a substantial vote of confidence and reverses a significant reduction seen in late 2025. Investors should note that this information comes from a 13F filing, which is released with a delay and reflects the firm's position as of June 30, 2026, not a current-day trading activity. Nygren has historically favored Alphabet, viewing its GAAP valuation as not fully crediting its long-term investments in areas like AI and autonomous driving.