Yacktman Fund Reduces Stakes in Six of Its Most Valuable Holdings

Jul 15, 2015

Donald Yacktman (Trades, Portfolio)’s Yacktman Fund (Trades, Portfolio) looks for growth companies at a low price when investing, an approach that produced an 11.33% return last year. In the second quarter of 2015, however, the Fund didn’t do any buying; instead, it reduced many of its holdings, including six of its 10 most valuable stakes.

The Yacktman Fund (Trades, Portfolio) reduced its most valuable stake, PepsiCo Inc (PEP, Financial), a New York-based food and beverage corporation, by 1,000,000 shares, selling them for an average price of $95.56 per share. The sale had a -0.29% impact on the Fund’s portfolio.

The Fund reduced its fourth-most valuable stake, Coca-Cola Co (KO, Financial), the Atlanta-based beverage corporation, selling 1,300,000 shares for an average price of $40.67 per share. The transaction had a -0.49% impact on the Fund’s portfolio.

The Fund also reduced its fifth-most valuable stake, Cisco Systems Inc (CSCO, Financial), a technology company based in California, selling 2,200,000 shares for an average price of $28.68 per share. The sale had a -0.56% impact on the Fund’s portfolio.

The Fund sold 1,500,000 shares of its sixth-most valuable stake, Oracle Corporation (ORCL, Financial), a computer technology corporation based in California, for an average price of $43.37 per share. The deal had a -0.6% impact on the Fund’s portfolio.

The Fund reduced its stake in its eighth-most valuable holding, Microsoft Corp (MSFT, Financial), the technology company based in Washington state, selling 1,056,000 shares for an average price of $45.63 per share. The transaction had a -0.4% impact on the Fund’s portfolio.

The Fund also sold 400,000 shares of its ninth-most valuable stake, Johnson & Johnson (JNJ, Financial), a New Jersey-based medical devices, pharmaceutical and consumer packaged goods manufacturer, for an average price of $100.14 per share. The deal had a -0.37% impact on the Fund’s portfolio.

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