Donald Yacktman

Donald Yacktman

Last Update: 11-01-2016
Related: Yacktman Focused Fund
Yacktman Fund

Number of Stocks: 46
Number of New Stocks: 1

Total Value: $11,510 Mil
Q/Q Turnover: 2%

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

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...
Turnaround for Value Investing Likely to Begin in 2016 Several factors signal 'the return of value investing' after period of underperformance, report finds
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Ask Your Questions to the Pro Investors of the GuruFocus Value Conference 2016 Also: Announcement of conference presentations and schedule
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Yacktman Trims Pepsi Stakes in Multiple Funds Pepsi's stock price is near a 10-year high
Donald Yacktman (Trades, Portfolio) founded Yacktman Asset Management in 1992. He graduated with a degree in economics from the University of Utah and earned an MBA from Harvard. Yacktman is the co-manager for AMG Yacktman Focused Fund (Trades, Portfolio) and the award winning AMG Yacktman Fund (Trades, Portfolio). He was also awarded the 1994 “Portfolio Manager of the Year” award by Mutual Fund Letter. Read more...
Who Is Donald Yacktman and What Is Forward Rate of Return? Exploring the valuation measure and how to use it
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Commentaries and Stories

  • Currently 4.64/5

Rating: 4.6/5 (11 votes)

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
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23 Questions With Gabriele Grego 'Capital allocation in particular is very useful as a management quality indicator' Warren Buffett,Donald Yacktman - 23 Questions With Gabriele Grego
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


  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

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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
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  • 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
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BENCHMARK, SP500, MOST PERFORMING


  • Currently 3.50/5

Rating: 3.5/5 (2 votes)

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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
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After years of maintaining two similar funds, Yacktman Asset Management, founded by Donald Yacktman (Trades, Portfolio), veered from its usual staid course in 2014 in opening its Special Opportunities Fund to pursue investments with a catalyst. The kind of stocks the fund wants and a little about its returns are starting to show now after its second year of life. More...

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Yacktman Funds Comments on Samsung Guru stock highlight
We feel the best way to navigate an expensive market is to find securities that have been left behind and are significantly undervalued. We think Samsung (XKRX:005930) is a solid example of this type of bargain in the current environment. In recent years, we built a large position in Samsung because its shares are incredibly inexpensive, its balance sheet is exceptional and the company possesses strong market leadership in a wide range of businesses that include semiconductors, mobile phones, display and consumer electronics.During the second quarter, Samsung produced strong operating results, helped by solid sales of the Galaxy S7 phone and strength in the flash memory market. Even after solid stock price performance, Samsung’s shares still sell at more than a 70% discount to globally-established technology peers. More...

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Yacktman Funds Comments on Avon Products Guru stock highlight
Avon (NYSE:AVP)’s shares were weaker during the quarter, although the negative impact was somewhat offset by the appreciation in Avon’s debt, which we also own. We think the company continues to execute a solid turnaround of its business and the shares remain undervalued. More...

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Rating: 5.0/5 (2 votes)

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. More...

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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. More...

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Rating: 1.0/5 (1 vote)

Yacktman Funds Comments on Microsoft Guru stock highlight
Microsoft (NASDAQ:MSFT)’s shares were weaker during the quarter due to a modest earnings disappointment. We think CEO Satya Nadella is doing an excellent job of repositioning the company for solid long-term growth and we believe the stock is attractively priced. More...

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Rating: 5.0/5 (1 vote)

Yacktman Funds Comments on Procter & Gamble Guru stock highlight
P&G’s shares were stronger in the quarter, with the general rise in consumer brand stocks. During the last few years, P&G (NYSE:PG) has been refocusing the company and is now nearing the completion of a series of divestitures that, in total, eliminate more than 100 of the companies’ brands that represented roughly 6% of total profits. With a better focus going forward, fewer brands and product categories and a significant emphasis on driving down costs, we think P&G is well-positioned to deliver solid results over the next several years. More...

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Rating: 5.0/5 (1 vote)

Yacktman Funds Comments on Johnson & Johnson Guru stock highlight
JNJ (NYSE:JNJ) performed well in the second quarter after delivering solid results. Few companies have the financial strength and product diversity of JNJ, which is why it is one of only two companies in the United States (Microsoft is the other) that commands a triple-A credit rating. We think JNJ can deliver solid growth and strong free cash flow over time. More...

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