Donald Yacktman

Donald Yacktman

Last Update: 02-05-2016
Related: Yacktman Focused Fund
Yacktman Fund

Number of Stocks: 46
Number of New Stocks: 1

Total Value: $13,206 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

Yacktman Fund Trims Stake in P&G, Sysco Most of 1st quarter trades focus on reductions
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. Read more...
Donald Yacktman Reduces Stake in Oracle Oracle faces stiff competition in industry
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. Read more...
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Commentaries and Stories

  • 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...

  • Currently 1.00/5

Rating: 1.0/5 (1 vote)

Donald Yacktman Reduces Stake in Oracle Oracle faces stiff competition in industry Donald Yacktman,Steven Romick - Donald Yacktman Reduces Stake In Oracle
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  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Yacktman Funds Cuts 16 Holdings in Q1 Expecting Market Drop Managers take gains to prep for stock sale, add to only 2 positions Donald Yacktman - Yacktman Funds Cuts 16 Holdings In Q1 Expecting Market Drop
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  • Currently 5.00/5

Rating: 5.0/5 (4 votes)

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  • 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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Donald Yacktman Comments on Samsung Guru stock highlight
Samsung (XKRX:000830)’s shares were strong in the quarter after the company reported better-than-expected results and a transformative share repurchase plan. More...

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Guru Donald Yacktman (Trades, Portfolio) founded Yacktman Asset Management in 1992. Prior to this he served as a senior portfolio manager of Selected Financial Services Inc. He is a co-manager for AMG Yacktman Focused Fund (Trades, Portfolio) and the award-winning AMG Yacktman Fund (Trades, Portfolio). More...

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Yacktman Fund Comments on Staples Guru stock highlight
Staples (NASDAQ:SPLS) was weak after the Federal Trade Commission challenged its proposed merger with Office Depot due to anti- trust concerns. The company is a significant free cash flow generator and inexpensive even though the industry is under intense pressure. There could be significant additional upside if Staples is able to ultimately prevail in its attempt to acquire Office Depot. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Yacktman Fund Comments on Apollo Guru stock highlight
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Yacktman Fund Comments on C.H. Robinson Guru stock highlight
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  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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  • Currently 5.00/5

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Yacktman Fund Comments on P&G Guru stock highlight
P&G (NYSE:PG)’s shares bounced back during the quarter, although the shares were still down for the year. Strong currency headwinds caused many to overlook the significant progress the company has made in streamlining its business and cutting costs. New Chief Executive Officer David Taylor took charge during the quarter and we anticipate solid execution from him. During the year we increased our position in P&G’s shares when the stock declined. More...

  • Currently 5.00/5

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Yacktman Fund Comments on Microsoft Guru stock highlight
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  • Currently 5.00/5

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Headquartered in New York City, Avon (AVP) is an international manufacturer and direct selling company in the beauty, household and personal care categories. The company is currently paying close to 10% in dividends to investors, pleading with the market to wait for the turnaround. It could be a profitable thing to do, at least in the short term. Just last month, the stock was in the $4.00 range and now at $2.56 (as of 1:53 pm EDT), it looks interesting, especially with faces of the brand like Maria Sharapova, Lucy Hale, Julianne Hough, and Fergie still relevant in today’s hyper socially-connected world. More...

BEAUTY PRODUCTS, CONSUMER GOODS


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