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 (%)
201411.3313.69-2.4
201327.7432.39-4.6
201211.4716-4.5
3-Year Cumulative58.5 (16.6%/year)74.6 (20.4%/year)-16.1 (-3.8%/year)
20117.32.115.2
201012.6415.06-2.4
5-Year Cumulative91.6 (13.9%/year)105.1 (15.5%/year)-13.5 (-1.6%/year)
200959.3126.4632.9
2008-26.05-3711.0
20073.395.49-2.1
200615.9515.790.2
2005-1.34.91-6.2
10-Year Cumulative167.1 (10.3%/year)109.4 (7.7%/year)57.7 (2.6%/year)
20049.9310.88-0.9
200333.0328.684.3
200211.41-22.133.5
200119.47-11.8931.4
200013.46-9.122.6
15-Year Cumulative489.8 (12.6%/year)86.4 (4.2%/year)403.4 (8.4%/year)
1999-16.921.04-37.9
19980.6428.58-27.9
199718.2833.36-15.1
199626.0222.963.1
199530.4237.58-7.2
20-Year Cumulative858.9 (12%/year)554.6 (9.8%/year)304.3 (2.2%/year)
19948.81.327.5
1993-6.5810.08-16.7

Top Ranked Articles

Donald Yacktman Trims Stake in Procter & Gamble in 4th Quarter Guru also reduces holdings in PepsiCo, Coca-Cola and Microsoft
Donald Yacktman (Trades, Portfolio), president and co-chief investment officer of Yacktman Asset Management Co. and a co-manager for The Yacktman Fund (Trades, Portfolio)s, reduced more than 40 of his existing stakes in the fourth quarter, including several holdings in well-known companies. Read more...
Yacktman Fund Comments on Microsoft Guru stock highlight
Microsoft (NASDAQ:MSFT)’s shares were strong as investors continued to gain enthusiasm for the company’s cloud-based business prospects, which should return the company to steady growth. Microsoft’s stock is on the more positive side of investor enthusiasm recently after being out of favor for years while its business momentum stalled. We were attracted to the shares because we felt the valuation was too pessimistic and the company had many new business opportunities that we were, in essence, getting for free.
Read more...
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.
Read more...
Yacktman Fund Comments on PepsiCo Guru stock highlight
PepsiCo (NYSE:PEP)’s shares performed well during the quarter after the company delivered solid results. Businesses like PepsiCo, which sell products that are consumed in good times and bad, can provide good stability to a portfolio during times of market distress.

Read more...
Yacktman Fund Comments on C.H. Robinson Guru stock highlight
C.H. Robinson (NASDAQ:CHRW) continues to face challenges and earnings pressure from improved competition. We think the company is well positioned to handle challengers and remain a dominant force in the logistics industry.


Read more...
» More Donald Yacktman Articles

Commentaries and Stories

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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...

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Rating: 5.0/5 (1 vote)

Yacktman Fund Comments on Apollo Guru stock highlight
Apollo (NASDAQ:APOL) continues to face challenging business and regulatory environments. The company has a strong balance sheet and early in 2016 announced it was exploring strategic alternatives that could lead to a change of control. More...

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Yacktman Fund Comments on C.H. Robinson Guru stock highlight
C.H. Robinson (NASDAQ:CHRW) continues to face challenges and earnings pressure from improved competition. We think the company is well positioned to handle challengers and remain a dominant force in the logistics industry. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Yacktman Fund Comments on PepsiCo Guru stock highlight
PepsiCo (NYSE:PEP)’s shares performed well during the quarter after the company delivered solid results. Businesses like PepsiCo, which sell products that are consumed in good times and bad, can provide good stability to a portfolio during times of market distress. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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 0.00/5

Rating: 0.0/5 (0 votes)

Yacktman Fund Comments on Microsoft Guru stock highlight
Microsoft (NASDAQ:MSFT)’s shares were strong as investors continued to gain enthusiasm for the company’s cloud-based business prospects, which should return the company to steady growth. Microsoft’s stock is on the more positive side of investor enthusiasm recently after being out of favor for years while its business momentum stalled. We were attracted to the shares because we felt the valuation was too pessimistic and the company had many new business opportunities that we were, in essence, getting for free. More...

  • Currently 5.00/5

Rating: 5.0/5 (3 votes)

Donald Yacktman's Yacktman Fund 4th Quarter Commentary Value investor and GuruFocus Value Conference speaker's shareholder letter says 'It's like deja vu all over again' Donald Yacktman - Donald Yacktman's Yacktman Fund 4th Quarter Commentary
The AMG Yacktman Fund (Trades, Portfolio) returned 4.8% for the fourth quarter of 2015 compared with 7.0% appreciation for the benchmark, the S&P 500 Index. For the 12 months ending December 31, 2015, the Fund returned -5.6% versus the benchmark return of 1.4%. Performance for all share classes can be found on page 4 of this document and on our website at www.amgfunds.com. More...

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Donald Yacktman Trims Stake in Procter & Gamble in 4th Quarter Guru also reduces holdings in PepsiCo, Coca-Cola and Microsoft Donald Yacktman - Donald Yacktman Trims Stake In Procter & Gamble In 4th Quarter
Donald Yacktman (Trades, Portfolio), president and co-chief investment officer of Yacktman Asset Management Co. and a co-manager for The Yacktman Fund (Trades, Portfolio)s, reduced more than 40 of his existing stakes in the fourth quarter, including several holdings in well-known companies. More...

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Don Yacktman: Viewing Stocks as Bonds - Value Conference Keynote Speaker GuruFocus Value Conference Keynote Topic Donald Yacktman - Don Yacktman: Viewing Stocks As Bonds - Value Conference Keynote Speaker
As you may know, legendary value investor Donald Yacktman (Trades, Portfolio) will speak as the keynote speaker at 2016 GuruFocus Value Conference in Omaha. The title of his talk will be “Viewing Stocks as Bonds”. More...

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Risk and Reward in Avon Products Avon's brand power is still high enough to help it achieve top line growth Donald Yacktman, Joel Greenblatt, Wallace Weitz - Risk And Reward In Avon Products
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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Yacktman Focused Fund Reduces 19 Stakes in 4th Quarter Procter & Gamble, PepsiCo, Coca-Cola among stakes trimmed by guru Donald Yacktman - Yacktman Focused Fund Reduces 19 Stakes In 4th Quarter
In most quarters, the Yacktman Focused Fund (Trades, Portfolio)’s activity primarily involves selling all or portions of stakes in its portfolio, but there is usually at least one new buy or addition to existing stakes. Not so in the fourth quarter. More...

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Yacktman Crosses Out Unilever From Holdings Guru sells top consumer goods company Donald Yacktman - Yacktman Crosses Out Unilever From Holdings
Donald Yacktman (Trades, Portfolio) sold out of Unilever (NYSE:UN) in his Yacktman Focused Fund portfolio during the fourth quarter. More...

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Yacktman Trims Pepsi Stakes in Multiple Funds Pepsi's stock price is near a 10-year high Donald Yacktman - Yacktman Trims Pepsi Stakes In Multiple Funds
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. More...

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Turnaround for Value Investing Likely to Begin in 2016 Several factors signal 'the return of value investing' after period of underperformance, report finds Donald Yacktman - Turnaround For Value Investing Likely To Begin In 2016
Many value investors underperformed as the market soared over the past several years, but the tables may soon turn for quality, large-cap, liquid stocks, Bank of America Merrill Lynch Global Research analysts said this week. More...

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Donald Yacktman Buys 1 New Stock, Adds to 6 Holdings Yacktman Asset Management releases third quarter portfolio Donald Yacktman - Donald Yacktman Buys 1 New Stock, Adds To 6 Holdings
Yacktman Asset Management, led by Donald Yacktman (Trades, Portfolio), added one new stock position and increased their position in six companies they already held in the third quarter as they saw the market environment become more favorable to their strategy than it had been earlier in the year. More...

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Donald Yacktman Comments on Procter & Gamble Guru stock highlight
P&G (NYSE:PG) struggled during the quarter due to disappointing short-term results. The company has nearly completed a significant restructuring which will reduce its product lines by approximately 60% at the expense of less than 10% of pre-tax profits. We think this approach, which reduces the distractions from more challenged product lines, will enable a return to better business performance. We also look forward to David Taylor becoming CEO in November. More...

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Donald Yacktman Comments on Viacom Guru stock highlight
Viacom (NASDAQ:VIA), which also detracted from results in the third quarter, is not positioned as well as Fox in the changing environment. The company has struggled with significant viewer declines, as its content is more easily replaced by on-demand solutions. While risks of a changing media landscape are much more significant for Viacom versus Fox, the stock is remarkably inexpensive, trading at less than eight times normalized earnings. Despite its low valuation, the position remains small as a way of managing the uncertainty. More...

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Donald Yacktman Comments on Twenty-First Century Fox Guru stock highlight
We increased the Fund’s weightings in Fox (NASDAQ:FOX) and P&G during the quarter because we think their declines were overdone and more related to short-term sentiment issues than long-term value. More...

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Donald Yacktman Comments on PepsiCo Guru stock highlight
PepsiCo (NYSE:PEP)’s shares also performed solidly during the quarter. Often during more volatile markets, consumer staples like PepsiCo emerge as strong performers due to the safety and consistency of their business model. More...

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Donald Yacktman Comments on C.R. Bard Guru stock highlight
C.R. Bard (NYSE:BCR) was a solid performer in the third quarter. As a result, we reduced the Fund’s position size in Bard. More...

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Sm2200:

1. In top search box, type "Warren Buffett"
2. Select "Current Portfolio" in the drop down box
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Sm2200
ReplySm2200 - 2 years ago
I did click on it. Now how do I change the guru and his portfolio from what I have now (Yacktman ) to another guru say Buffett or Tepper ?
Gurufocus
ReplyGurufocus - 2 years ago
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Again it is here: http://www.gurufocus.com/holdings.php?GuruName=Donald+Yacktman&tab=underv
Sm2200
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Sm2200
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