Donald Yacktman

Donald Yacktman

Last Update: 05-06-2016
Related: Yacktman Focused Fund
Yacktman Fund

Number of Stocks: 45
Number of New Stocks: 0

Total Value: $12,849 Mil
Q/Q Turnover: 0%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Donald Yacktman' s Profile & Performance

Profile

Mr. Yacktman is the President and Co-Chief Investment Officer of Yacktman Asset Management Co. He is also a Co-Manager for The Yacktman Funds. Prior to founding the firm in April, 1992, Mr. Yacktman served for ten years as the Senior Portfolio Manager of Selected Financial Services, Inc. During that time, he also served for nine years as the Portfolio Manager of the Selected American Shares mutual fund and was named Portfolio Manager of The Year by Morningstar in 1991. He joined Selected Financial Services, Inc. in 1982 from Stein Roe & Farnham where he had been a portfolio manager since 1968. Mr. Yacktman holds a B.S. Magna Cum Laude in economics from The University of Utah and an MBA with distinction from Harvard University.

Web Page:http://www.yacktman.com/

Investing Philosophy

This is the excerpt from Yacktman Fund prospectus:

Our investment adviser employs a disciplined investment strategy.We buy growth companies at what we believe to be low prices.We think this approach combines the best features of "growth" and "value" investing. When we purchase stocks we look for companies with the following three attributes:

GOOD BUSINESS

A good business may contain one or more of the following:

_ High market share in principal product and/or service lines; _ A high cash return on tangible assets; _ Relatively low capital requirements allowing a business to generate cash while growing; _ Short customer repurchase cycles and long product cycles; and _ Unique franchise characteristics.

SHAREHOLDER-ORIENTEDMANAGEMENT

We believe a shareholder-oriented management does not overcompensate itself and allocates wisely the cash the company generates.We look for companies that:

_ Reinvest in the business and still have excess cash; _ Make synergistic acquisitions; and _ Buy back stock.

LOWPURCHASE PRICE

_ We look for a stock that sells for less than what an investor would pay to buy the whole company. _ The stock prices of many companies vary by 50% or more from low to high each year so we wait for buying opportunities.

Each of the Funds will hold fewer stocks than the typical stock mutual fund. In fact, The Yacktman Focused Fund usually holds fewer than 25 stocks.We think it makes sense to invest more in our top choices than in investments we think are less attractive.

Total Holding History

Performance of The Yacktman Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-5.631.19-6.8
201411.3313.69-2.4
201327.7432.39-4.6
3-Year Cumulative34.2 (10.3%/year)52.3 (15.1%/year)-18.1 (-4.8%/year)
201211.4716-4.5
20117.32.115.2
5-Year Cumulative60.5 (9.9%/year)80.4 (12.5%/year)-19.9 (-2.6%/year)
201012.6415.06-2.4
200959.3126.4632.9
2008-26.05-3711.0
20073.395.49-2.1
200615.9515.790.2
10-Year Cumulative155.4 (9.8%/year)102 (7.3%/year)53.4 (2.5%/year)
2005-1.34.91-6.2
20049.9310.88-0.9
200333.0328.684.3
200211.41-22.133.5
200119.47-11.8931.4
15-Year Cumulative390.6 (11.2%/year)107.5 (5%/year)283.1 (6.2%/year)
200013.46-9.122.6
1999-16.921.04-37.9
19980.6428.58-27.9
199718.2833.36-15.1
199626.0222.963.1
20-Year Cumulative593.9 (10.2%/year)381.4 (8.2%/year)212.5 (2%/year)
199530.4237.58-7.2
19948.81.327.5
1993-6.5810.08-16.7

Top Ranked Articles

Donald Yacktman Buys 21st Century Fox, Berkshire, Intel A look at the guru's largest buys during 1st quarter
Donald Yacktman (Trades, Portfolio) is the president and co-CIO of Yacktman Asset Management. He is also a co-manager for the Yacktman Fund (Trades, Portfolio). During the first quarter, he increased his shares in many stocks, but did not acquire new position. Read more...
Yacktman Fund Buys Shares of Berkshire, Fox, Intel in First Quarter The value fund increased 10
Donald Yacktman (Trades, Portfolio)’s firm, known for choosing good companies at low prices, did not buy stocks of any news ones in the first quarter but added to 10 of their existing holdings, according to their portfolio update released Friday. The increased holdings include Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway. Read more...
Yacktman Funds Comments on Coca-Cola Guru stock highlight
Coca-Cola (NYSE:KO) was a solid performer in the quarter, along with the general strength in the consumer staples sector. Given the market turmoil and global uncertainty, staples were favored due to the quality and consistency of their businesses. We think Coca-Cola could benefit from the recent Dollar weakness and achieve solid margin expansion as the company focuses on cutting costs. Read more...
Yacktman Funds Comments on Sysco Guru stock highlight
Sysco (NYSE:SYY), the leading food distribution company in the United States, was a strong performer in the first quarter. After struggling for several years with significant margin pressure, Sysco has shown signs of improvement in recent quarters. The company also announced a $3.1 billion acquisition of Brakes Group, a leading European foodservices distributor, which could provide a platform for additional non-U.S. expansion over time. Read more...
Yacktman Funds Comments on Oracle Guru stock highlight
Oracle (NYSE:ORCL)’s shares rallied after the company reported better-than-expected results. We continue to think the shares are attractive at the current valuation. Although Oracle’s best days of growth are likely behind the company, we think the business can produce strong free cash flow and continue to expand its business over time.
Read more...
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Commentaries and Stories

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Donald Yacktman Buys 21st Century Fox, Berkshire, Intel A look at the guru's largest buys during 1st quarter Donald Yacktman, Warren Buffett - Donald Yacktman Buys 21st Century Fox, Berkshire, Intel
Donald Yacktman (Trades, Portfolio) is the president and co-CIO of Yacktman Asset Management. He is also a co-manager for the Yacktman Fund (Trades, Portfolio). During the first quarter, he increased his shares in many stocks, but did not acquire new position. More...

  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

Yacktman Fund Buys Shares of Berkshire, Fox, Intel in First Quarter The value fund increased 10 Donald Yacktman - Yacktman Fund Buys Shares Of Berkshire, Fox, Intel In First Quarter
Donald Yacktman (Trades, Portfolio)’s firm, known for choosing good companies at low prices, did not buy stocks of any news ones in the first quarter but added to 10 of their existing holdings, according to their portfolio update released Friday. The increased holdings include Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Yacktman Funds Comments on Coca-Cola Guru stock highlight
Coca-Cola (NYSE:KO) was a solid performer in the quarter, along with the general strength in the consumer staples sector. Given the market turmoil and global uncertainty, staples were favored due to the quality and consistency of their businesses. We think Coca-Cola could benefit from the recent Dollar weakness and achieve solid margin expansion as the company focuses on cutting costs. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Yacktman Funds Comments on 21st Century Fox Guru stock highlight
21st Century Fox (NASDAQ:FOXA) (“Fox”), which is our largest position, appreciated solidly during the quarter, though we think the shares remain significantly undervalued. In recent years, the company has increased expenses to build its sports networks in the U.S. and India, battled significant currency headwinds and underperformed in its film and network television businesses. As the share price declined, the company reduced the share count through a large share repurchase program.We think Fox is now poised for significant growth as its investments bear fruit, underperforming businesses turnaround, and currency headwinds abate. Fox has investments we feel are underappreciated, such as its ownership stakes in Sky and Hulu, which we believe make its valuation even more attractive than meets the eye when looking at reported earnings. Fox shares sell at a modest valuation considering the high quality of its diverse businesses, its significant growth potential, hidden assets and strong management team. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Yacktman Funds Comments on Hengan Guru stock highlight
Hengan (HKSE:01044), which is a leader in tissues, diapers and feminine care products in China, declined modestly due to weaker results and concerns about a Chinese currency devaluation. We think the company has a long runway for growth in future decades and sells at an undemanding valuation. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Yacktman Funds Comments on ConocoPhillips Guru stock highlight
ConocoPhillips (NYSE:COP) was weak along with other commodity stocks in the first quarter. Recently the shares have rallied significantly off their lows. Our total exposure to energy stocks is modest in the Fund. More...

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Rating: 0.0/5 (0 votes)

Yacktman Funds Comments on BNY Mellon Guru stock highlight
BNY Mellon (NYSE:BK) dropped with general weakness in the financial sector. We think the company is highly focused on achieving improved performance from its market leading custodial and investment management businesses, and the shares are attractively priced. More...

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Rating: 0.0/5 (0 votes)

Yacktman Funds Comments on P&G Guru stock highlight
P&G (NYSE:PG) was a solid performer in the quarter, along with the general strength in the consumer staples sector. Over the last few years, P&G has exited many non-core businesses and has continued restructuring operations to allow management to focus on those markets with the best prospects for long-term growth. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Yacktman Funds Comments on Oracle Guru stock highlight
Oracle (NYSE:ORCL)’s shares rallied after the company reported better-than-expected results. We continue to think the shares are attractive at the current valuation. Although Oracle’s best days of growth are likely behind the company, we think the business can produce strong free cash flow and continue to expand its business over time. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Yacktman Funds Comments on Sysco Guru stock highlight
Sysco (NYSE:SYY), the leading food distribution company in the United States, was a strong performer in the first quarter. After struggling for several years with significant margin pressure, Sysco has shown signs of improvement in recent quarters. The company also announced a $3.1 billion acquisition of Brakes Group, a leading European foodservices distributor, which could provide a platform for additional non-U.S. expansion over time. More...

  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

Yacktman Fund 1st Quarter Commentary Yacktman managers look at market and holdings Donald Yacktman - Yacktman Fund 1st Quarter Commentary
The AMG Yacktman Fund (Trades, Portfolio) (“Fund”) returned 4.1% for the first quarter of 2016 compared with 1.4% appreciation for the benchmark, the S&P 500 Index. For the 12 months ending March 31, 2016, the Fund returned 1.6% versus the benchmark return of 1.8%. More...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

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The AMG Yacktman Focused Fund (Trades, Portfolio) (“Fund”) (Service Class) returned 4.4% for the first quarter of 2016 compared with 1.4% for the benchmark, the S&P 500 Index. For the 12 months ending March 31, 2016, the Fund returned 2.1%, versus the benchmark return of 1.8%. More...

  • Currently 2.00/5

Rating: 2.0/5 (1 vote)

Oracle: The Best Value in Tech The company has moved beyond Larry Ellison's leadership into the next phase of its business Jeremy Grantham,Donald Yacktman,Ray Dalio - Oracle: The Best Value In Tech
Last month when Oracle (NYSE:ORCL) reported its numbers, earnings per share came in at 59 cents, beating estimates. Revenue, however, declined 3.4% year over year to $9.01 billion. With the state of big tech, Oracle is definitely the best value right now. More...

TECHNOLOGY, CLOUD, DATABASE


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Yacktman Fund Trims Stake in P&G, Sysco Most of 1st quarter trades focus on reductions Yacktman Fund, Donald Yacktman - Yacktman Fund Trims Stake In P&G, Sysco
The Yacktman Fund (Trades, Portfolio) is non-diversified and mainly invests in common stocks of U.S. companies of any size, some, but not all of which, pay dividends. During the first quarter of the year, the fund focused its trades on sales. More...

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Donald Yacktman Reduces Stake in Oracle Oracle faces stiff competition in industry Donald Yacktman,Steven Romick - Donald Yacktman Reduces Stake In Oracle
Donald Yacktman (Trades, Portfolio) founded Yacktman Asset Management in 1992. Prior to this, he served as a senior portfolio manager at Selected Financial Services Inc. More...

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Rating: 5.0/5 (1 vote)

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The Yacktman Fund (TradesPortfolio) pared many more holdings than they increased in the first quarter, most of which posted gains year to date, as the managers gathered cash should more opportunities arise this year. More...

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Rating: 5.0/5 (4 votes)

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According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with a wide margin of safety and at least five gurus are shareholders. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Donald Yacktman Comments on Hengan Guru stock highlight
Hengan (HKSE:01044) was weak due to concerns about the Chinese economy and currency. We think the company is well positioned to grow as China’s consumer economy expands over time, even though we expect to encounter some bumps along the way. More...

  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

Donald Yacktman Comments on Aggreko Guru stock highlight
Aggreko (LSE:AGK) continued to be hurt by currency and challenges with its customers in energy and commodity-related businesses. We think the valuation is compelling, given the strong market position and competitive advantages the company possesses. More...

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