Bargains may not abound the way they did a few years ago, but top fund manager Bill Nygren says he’s still finding plenty of stocks to buy.

“Relative to our style, investors are almost always overweighting near-term events,” he tells CNBC. “We don’t see the potential we did five years ago, when stocks have tripled from the bottom. But over the next five to seven years, when you compare the alternatives of stocks, cash or bonds, to us stocks look substantially better.”

Nygren talked about several of his latest portfolio additions. He remains high on financial stocks, including Citigroup.