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Yacktman Fund Buys Oracle, Exxon Mobil, C.R. Bard, Sells Pfizer, Viacom, Microsoft

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Yacktman Fund, run by legendary fund manager Don Yacktman, has reported its second quarter portfolio. The fund is one of the best performing funds over the last decade. Over of the past 10 years, the fund has gained 10.6% a year, while the S&P 500 gained 7.2% a year.

One of the key factors in the valuation of Yacktman Capital Management is risk adjusted forward rate of return. In calculating the forward rate of return, Yacktman adds the ratio of normalized free cash flow over stock price and the long term growth rate of the company. He then takes into consideration of the risks involved with the company. If the forward rate of return justifies the risk involved, he may consider the investment.

In order to track Don Yacktman closely, we track three portfolios from him: Yacktman Fund, Yacktman Focused Fund, and Yacktman Capital Management.

Yacktman Fund buys Oracle Corporation, Exxon Mobil Corporation, C.R. Bard, Inc., Wells Fargo & Co, Coca-Cola Co, CH Robinson Worldwide, Inc., Sigma-Aldrich Corporation, Sysco Corporation, Cisco Systems Inc, sells Pfizer Inc, Viacom, Inc., Microsoft Corporation, News Corporation during the 3-months ended 06/30/2013, according to the most recent filings of his investment company, . As of 06/30/2013, owns 44 stocks with a total value of $9.3 billion. These are the details of the buys and sells.

For the details of Yacktman Fund's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Yacktman+Fund

This is the sector weightings of his portfolio:

Consumer Defensive 33.4%
Technology 18.4%
Healthcare 15.2%
Financial Services 7.4%
Consumer Cyclical 5.5%
Energy 4.3%
Communication Services 2%
Industrials 1.7%
Basic Materials 0.9%


These are the top 5 holdings of Yacktman Fund

1. News Corporation (NWSA) - 31,750,000 shares, 11.2% of the total portfolio. Shares reduced by 2.01%

2. Procter & Gamble Co (PG) - 10,050,000 shares, 8.4% of the total portfolio.

3. PepsiCo Inc (PEP) - 9,200,000 shares, 8.1% of the total portfolio.

4. Cisco Systems Inc (CSCO) - 23,300,000 shares, 6.1% of the total portfolio. Shares added by 3.56%

5. Microsoft Corporation (MSFT) - 16,196,000 shares, 6.0% of the total portfolio. Shares reduced by 6.92%

New Purchase: Oracle Corporation (ORCL)

Yacktman Fund initiated holdings in Oracle Corporation. His purchase prices were between $29.96 and $35.1, with an estimated average price of $33.18. The impact to his portfolio due to this purchase was 2.4%. His holdings were 7,105,000 shares as of 06/30/2013.

New Purchase: Wells Fargo & Co (WFC)

Yacktman Fund initiated holdings in Wells Fargo & Co. His purchase prices were between $36.27 and $41.56, with an estimated average price of $38.97. The impact to his portfolio due to this purchase was 0.94%. His holdings were 2,100,000 shares as of 06/30/2013.

Sold Out: Pfizer Inc (PFE)

Yacktman Fund sold out his holdings in Pfizer Inc. His sale prices were between $27.23 and $31.08, with an estimated average price of $29.12.

Added: Exxon Mobil Corporation (XOM)

Yacktman Fund added to his holdings in Exxon Mobil Corporation by 126.09%. His purchase prices were between $86.08 and $92.8, with an estimated average price of $89.98. The impact to his portfolio due to this purchase was 1.39%. His holdings were 2,600,000 shares as of 06/30/2013.

Added: C.R. Bard, Inc. (BCR)

Yacktman Fund added to his holdings in C.R. Bard, Inc. by 29.9%. His purchase prices were between $98.25 and $111.8, with an estimated average price of $104.06. The impact to his portfolio due to this purchase was 1.06%. His holdings were 3,884,100 shares as of 06/30/2013.

Added: Coca-Cola Co (KO)

Yacktman Fund added to his holdings in Coca-Cola Co by 17.58%. His purchase prices were between $39.13 and $43.09, with an estimated average price of $41.4. The impact to his portfolio due to this purchase was 0.69%. His holdings were 10,700,000 shares as of 06/30/2013.

Added: CH Robinson Worldwide, Inc. (CHRW)

Yacktman Fund added to his holdings in CH Robinson Worldwide, Inc. by 56%. His purchase prices were between $54.33 and $61.56, with an estimated average price of $57.65. The impact to his portfolio due to this purchase was 0.61%. His holdings were 2,730,000 shares as of 06/30/2013.

Added: Sigma-Aldrich Corporation (SIAL)

Yacktman Fund added to his holdings in Sigma-Aldrich Corporation by 94.29%. His purchase prices were between $74.1 and $85.14, with an estimated average price of $80.08. The impact to his portfolio due to this purchase was 0.46%. His holdings were 1,096,000 shares as of 06/30/2013.

Added: Sysco Corporation (SYY)

Yacktman Fund added to his holdings in Sysco Corporation by 8.34%. His purchase prices were between $33.35 and $35.24, with an estimated average price of $34.43. The impact to his portfolio due to this purchase was 0.39%. His holdings were 13,770,000 shares as of 06/30/2013.

Added: Cisco Systems Inc (CSCO)

Yacktman Fund added to his holdings in Cisco Systems Inc by 3.56%. His purchase prices were between $20.38 and $24.82, with an estimated average price of $22.5. The impact to his portfolio due to this purchase was 0.21%. His holdings were 23,300,000 shares as of 06/30/2013.

Reduced: Viacom, Inc. (VIAB)

Yacktman Fund reduced to his holdings in Viacom, Inc. by 15.25%. His sale prices were between $61.71 and $69.72, with an estimated average price of $66.55. The impact to his portfolio due to this sale was -0.65%. Yacktman Fund still held 5,000,000 shares as of 06/30/2013.

Reduced: Microsoft Corporation (MSFT)

Yacktman Fund reduced to his holdings in Microsoft Corporation by 6.92%. His sale prices were between $28.56 and $35.67, with an estimated average price of $32.76. The impact to his portfolio due to this sale was -0.41%. Yacktman Fund still held 16,196,000 shares as of 06/30/2013.

Reduced: News Corporation (NWSA)

Yacktman Fund reduced to his holdings in News Corporation by 2.01%. His sale prices were between $15.25 and $15.8, with an estimated average price of $15.52. The impact to his portfolio due to this sale was -0.23%. Yacktman Fund still held 31,750,000 shares as of 06/30/2013.

Here is the complete portfolio of Yacktman Fund. Also check out:

1. Yacktman Fund's Undervalued Stocks

2. Yacktman Fund's Top Growth Companies, and

3. Yacktman Fund's High Yield stocks

4. Stocks that Yacktman Fund keeps buying


Rating: 2.7/5 (3 votes)

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