Donald Yacktman

Donald Yacktman

Last Update: 02-01-2017
Related: Yacktman Focused Fund
Yacktman Fund

Number of Stocks: 44
Number of New Stocks: 1

Total Value: $11,021 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 (%)
201611.211.96-0.8
2015-5.631.38-7.0
201411.3313.69-2.4
3-Year Cumulative16.8 (5.3%/year)29 (8.9%/year)-12.2 (-3.6%/year)
201327.7432.39-4.6
201211.4716-4.5
5-Year Cumulative66.4 (10.7%/year)98.2 (14.7%/year)-31.8 (-4%/year)
20117.32.115.2
201012.6415.06-2.4
200959.3126.4632.9
2008-26.05-3711.0
20073.395.49-2.1
10-Year Cumulative144.9 (9.4%/year)95.7 (6.9%/year)49.2 (2.5%/year)
200615.9515.790.2
2005-1.34.91-6.2
20049.9310.88-0.9
200333.0328.684.3
200211.41-22.133.5
15-Year Cumulative356.6 (10.7%/year)164.2 (6.7%/year)192.4 (4%/year)
200119.47-11.8931.4
200013.46-9.122.6
1999-16.921.04-37.9
19980.6428.58-27.9
199718.2833.36-15.1
20-Year Cumulative512.3 (9.5%/year)339.2 (7.7%/year)173.1 (1.8%/year)
199626.0222.963.1
199530.4237.58-7.2
19948.81.327.5
1993-6.5810.08-16.7

Top Ranked Articles

How to Value a Stock Using Yacktman's Forward Rate of Return Long-term investors should value a stock using an approach that relies on the free cash flow yield and growth rate
Someone who reads my blog emailed me this question: Read more...
Who Is Donald Yacktman and What Is Forward Rate of Return? Exploring the valuation measure and how to use it
Since I began using GuruFocus several years ago, I have regularly come across the Yacktman Forward Rate of Return in the Valuation & Returns section of summary pages for many stocks. Read more...
Yacktman Funds Trims Most Positions, Adds to 2 Stocks, Buys S&P 500 ETF in 4th Quarter Yacktman makes significant reductions but three buys
Yacktman Asset Management, founded by noted value investor Donald Yacktman (Trades, Portfolio), purchased a smidgeon of the Standard and Poor's 500 index (SPY) and made significant increases to its holding of Unilever NV (NYSE:UN) and Reading International Inc. (NASDAQ:RDI). Read more...
Yacktman Funds Comments on Twenty-First Century Fox Guru stock highlight
Fox (NASDAQ:FOXA)’s shares underperformed during the quarter as the company continued to face several challenges, including currency headwinds, underperformance in its movie business, general concerns over changes in the media industry and weakness in its stockholding in SKY, Plc after the Brexit vote. We think Fox’s shares are significantly undervalued at current prices. 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...
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Commentaries and Stories

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Independent Director Invests in Kingsway Financial Services Company's market price has gained an estimated 31% in the last year Donald Yacktman - Independent Director Invests In Kingsway Financial Services
Independent Director Joseph Stilwell purchased 16,100 shares shares of Kingsway Financial Services (NYSE:KFS) for $5.71 per share on March 16. The transaction was documented in a Form 4 filing with the Securities and Exchange Commission. More...

  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

Yacktman Focused Fund 4th Quarter Commentary Shareholder letter Donald Yacktman - Yacktman Focused Fund 4th Quarter Commentary
The AMG Yacktman Focused Fund (Trades, Portfolio) (S Class) returned 2.5% in the fourth quarter of 2016, compared with a 3.8% return for its benchmark, the S&P 500 Index. For the 12-month period ending December 31, 2016, the Fund returned 11.3%, compared with the 12.0% return for its benchmark. We consider our results to be far superior to the S&P’s last year, as we produced nearly the same return as the benchmark with significantly less market exposure. More...

  • Currently 5.00/5

Rating: 5.0/5 (4 votes)

Yacktman Funds Trims Most Positions, Adds to 2 Stocks, Buys S&P 500 ETF in 4th Quarter Yacktman makes significant reductions but three buys Donald Yacktman,Yacktman Focused Fund - Yacktman Funds Trims Most Positions, Adds To 2 Stocks, Buys S&P 500 ETF In 4th Quarter
Yacktman Asset Management, founded by noted value investor Donald Yacktman (Trades, Portfolio), purchased a smidgeon of the Standard and Poor's 500 index (SPY) and made significant increases to its holding of Unilever NV (NYSE:UN) and Reading International Inc. (NASDAQ:RDI). More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Yacktman Focused Fund Adds Unilever to Portfolio Fund established only one new holding in the 4th quarter Yacktman Focused Fund,Donald Yacktman,Tom Russo,Ya - Yacktman Focused Fund Adds Unilever To Portfolio
After selling out in the fourth quarter of 2015, the AMG Yacktman Focused Fund (Trades, Portfolio) established a new holding in Unilever NV (NYSE:UN) during the final quarter of 2016. More...

YACKTMAN, FOCUSED, UNILEVER, BUY, 4Q


  • Currently 3.67/5

Rating: 3.7/5 (3 votes)

7 Cheap Stocks Based on Price-Sales All-in-One Screener identifies stocks with low P/S ratios Dodge & Cox,Donald Yacktman,Yacktman Fund,Yacktman - 7 Cheap Stocks Based On Price-Sales
According to GuruFocus' All-in-One Screener, the following stocks with market caps above $5 billion look cheap since they are trading with low price-sales (P/S) ratios. More...

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Donald Yacktman Reduces Multiple Positions in 3rd Quarter An overview of the guru's largest sales of the quarter Donald Yacktman - Donald Yacktman Reduces Multiple Positions In 3rd Quarter
Donald Yacktman (Trades, Portfolio) founded Yacktman Asset Management in 1992. His son, Stephen Yacktman, now primarily runs the firm. During the third quarter, the guru reduced his position in the following stocks: More...

  • Currently 3.50/5

Rating: 3.5/5 (2 votes)

Consumer Defensive Companies Offer Good Value Potential Deep statistical analysis: historical trend of financial metrics for consumer defensive companies Donald Yacktman,Ken Fisher - Consumer Defensive Companies Offer Good Value Potential
Among U.S. companies, consumer defensives offer good value-investing opportunities. Such companies, like The Coca-Cola Co. (NYSE:KO), PepsiCo Inc. (NYSE:PEP), Proctor & Gamble Co. (NYSE:PG) and The Wal-Mart Stores Inc. (NYSE:WMT), have strong and consistent financial strength, suggesting low bankruptcy risk. Additionally, at least three of the above companies have strong gross margins, suggesting durable competitive advantage. More...

WARREN BUFFETT, DONALD YACKTMAN, KEN FISHER


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Donald Yacktman Invests in Bank of America, Berkshire Twenty-First Century Fox is guru's largest buy of 3rd quarter Donald Yacktman,Yacktman Fund,Dodge & Cox,Yacktman - Donald Yacktman Invests In Bank Of America, Berkshire
Donald Yacktman (Trades, Portfolio) is the president and co-chief investment officer of Yacktman Asset Management Co. He is also a co-manager for the Yacktman Fund (Trades, Portfolio). During the third quarter the guru’s largest buys were the following: More...

  • Currently 4.67/5

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How to Value a Stock Using Yacktman's Forward Rate of Return Long-term investors should value a stock using an approach that relies on the free cash flow yield and growth rate Donald Yacktman - How To Value A Stock Using Yacktman's Forward Rate Of Return
Someone who reads my blog emailed me this question: More...

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23 Questions With Gabriele Grego of Quintessential Capital 'Capital allocation in particular is very useful as a management quality indicator' Warren Buffett,Donald Yacktman - 23 Questions With Gabriele Grego Of Quintessential Capital
1. How and why did you get started investing? What is your background? More...

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Monster: Loved by Millennials, Hated by Anti-Soda Groups What should investors think of Monster Beverage? Donald Yacktman,Steve Mandel - Monster: Loved By Millennials, Hated By Anti-Soda Groups
Not long after we slouched into the 21st Century, a company invented an energy drink that it called Monster. This sports drink became immensely popular, growth skyrocketed and investors bought its shares as if they had swallowed too much caffeine (perhaps they literally had). More...

BEVERAGES, NON-ALCOHOLIC DRINKS, ENERGY DRINKS, RED BULL, COCA COLA, HANSEN NATURAL, UNDERVALUED PREDICTABLE, BUFFET-MUNGER


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Rating: 5.0/5 (4 votes)

Who Is Donald Yacktman and What Is Forward Rate of Return? Exploring the valuation measure and how to use it Donald Yacktman - Who Is Donald Yacktman And What Is Forward Rate Of Return?
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DONALD YACKTMAN, FORWARD RATE OF RETURN, INVESTMENT GURUS, VALUE INVESTING, GROWTH INVESTING, VALUATIONS


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Yacktman Funds Invests in Entertainment Stock, 3 Financials in 3rd Quarter Firm releases quarterly update Donald Yacktman - Yacktman Funds Invests In Entertainment Stock, 3 Financials In 3rd Quarter
During the third quarter, Yacktman Fund (Trades, Portfolio)s bought one new stock and additional shares of Twenty-First Century Fox and three portfolio positions in financials as its biggest plays, it reported Tuesday. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

AMG Yacktman Focused Fund 3rd Quarter Commentary Overview of quarter and holdings Donald Yacktman - AMG Yacktman Focused Fund 3rd Quarter Commentary
The AMG Yacktman Focused Fund (Trades, Portfolio) (the Fund) (Class S) returned 1.75% for the third quarter of 2016, compared with 3.85% for the benchmark, the S&P 500 Index. For the 12 months ending September 30, 2016, the Fund returned 15.38%, versus the benchmark return of 15.43%. More...

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Could Guru Investors Be Wrong on Comcast? Up 168% in the last 5 years, company continues to strengthen its position in the market Donald Yacktman,Jim Simons,George Soros,Joel Green - Could Guru Investors Be Wrong On Comcast?
Comcast (NASDAQ:CMCSA) seems to be a placeholder position for a large number of big money managers. Funds run by Donald Yacktman, Jim Simons, George Soros, Joel Greenblatt, Ken Fisher, Mario Gabelli and Jeremy Grantham are just a few of the long list of names in the stock. More...

CABLE, INTERNET, ENTERTAINMENT, NBC, COMCAST, DREAMWORKS


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Insider Jeff Ubben Feeds Yacktman’s Twenty-First Century Fox Director buys 3 million shares of media company Jeff Ubben, Donald Yacktman - Insider Jeff Ubben Feeds Yacktman’s Twenty-First Century Fox
Jeff Ubben (Trades, Portfolio), CEO and chief investment officer of ValueAct Holding LP, has been a director of Twenty-First Century Fox Inc. Class B (NASDAQ:FOX) since November 2015. On Oct. 3, the guru purchased 3 million shares at $26.06 per share, according to the company’s Form 4 filing with the Securities and Exchange Commission. The insider transaction cost $78.18 million. More...

JEFF UBBEN, DONALD YACKTMAN


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6 Stocks That Beat the Market Stocks that outperformed the S&P 500 over the last 12 months Jim Simons,Donald Yacktman - 6 Stocks That Beat The Market
The following are some of the stocks that outperformed the Standard & Poor's 500 Index over the last 12 months and were bought by gurus during the last quarter. More...

BENCHMARK, SP500, MOST PERFORMING


  • Currently 3.50/5

Rating: 3.5/5 (2 votes)

Greenblatt and Yacktman Soar High in Airlines High earnings yield and rates of return increase value opportunities Donald Yacktman,Joel Greenblatt - Greenblatt And Yacktman Soar High In Airlines
Among the U.S. companies that made the “Greenblatt Yacktman” Screener, five of them are airlines: Alaska Air Group Inc. (NYSE:ALK), Delta Air Lines Inc. (NYSE:DAL), JetBlue Airways Corp. (NASDAQ:JBLU), Southwest Airlines Co. (NYSE:LUV) and United Continental Holdings Inc. (NYSE:UAL). As these companies have soaring Greenblatt earnings yield and Yacktman forward rates of return, the airline industry offers high value potential. More...

JOEL GREENBLATT, DONALD YACKTMAN


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Yacktman Fund Adds to Stake in Samsung Samsung expanding operations, product lines Yacktman Fund,Donald Yacktman - Yacktman Fund Adds To Stake In Samsung
During the second quarter, the Yacktman Fund (Trades, Portfolio) added to its stake in Samsung (XKRX:005935) at an average price of 1086610 Korean Won ($988.42). The trade had a 1.63% on the Yacktman Fund (Trades, Portfolio)’s portfolio. The Fund now owns 332,834 shares of the company. More...

SAMSUNG, YACKTMAN FUND


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Donald Yacktman Adds to 3, Reduces 3 in 2nd Quarter Adds to banks, technology, reduces food, medical supplies Donald Yacktman - Donald Yacktman Adds To 3, Reduces 3 In 2nd Quarter
During the second quarter, Donald Yacktman (Trades, Portfolio) of Yacktman Asset Management added to his stakes in Bank of New York Mellon Corp. (NYSE:BK), State Street Corp. (NYSE:STT) and Hewlett Packard Enterprise Co. (NYSE:HPE). More...

YACKTMAN, PEPSICO, BANK, MEDICAL, RESTAURANT


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