Value investor Bill Nygren's Oakmark Funds disclosed a significant new position in Booking Holdings (BKNG), the global online travel giant. According to its latest quarterly filing, the firm acquired 1.56 million shares valued at approximately $277.61 million, giving it a 0.37% weight in the fund's portfolio.
This investment reflects portfolio changes made during the second quarter, which ended June 30, 2026, and was publicly disclosed on August 14. Oakmark employs a long-term value investing philosophy, seeking to buy growing businesses at a substantial discount to their intrinsic worth. While Oakmark has invested in Booking in the past, this new stake represents a fresh commitment to the travel sector leader.