Value investor Bill Nygren's Oakmark Funds reported a significant reduction in its position in Comcast (CMCSA), cutting the stake by nearly 73%. According to its latest 13F filing, the fund's holdings decreased from 26.45 million shares to 7.17 million. The sale of over 19 million shares had an estimated trade value of approximately $473 million.
This disclosure, filed on August 14, 2026, reflects trading activity that occurred during the second quarter, which ended on June 30. Following the substantial reduction, Comcast's weight in the Oakmark portfolio decreased from over 1% to just 0.23%. No specific commentary from the fund was released regarding the motive for this large trade.