Donald Yacktman

Donald Yacktman

Last Update: 2014-02-18
Related: Yacktman Focused Fund
Yacktman Fund

Number of Stocks: 51
Number of New Stocks: 1

Total Value: $24,372 Mil
Q/Q Turnover: 5%

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 (%)
201327.7431.55-3.8
201211.4715.4-3.9
20117.32.085.2
3-Year Cumulative52.8 (15.2%/year)55 (15.7%/year)-2.2 (-0.5%/year)
201012.6415.06-2.4
200959.3126.4632.9
5-Year Cumulative174.2 (22.4%/year)125.5 (17.7%/year)48.7 (4.7%/year)
2008-26.05-3711.0
20073.395.61-2.2
200615.9515.790.2
2005-1.34.91-6.2
20049.9312-2.1
10-Year Cumulative163.7 (10.2%/year)104.1 (7.4%/year)59.6 (2.8%/year)
200333.0328.74.3
200211.41-22.133.5
200119.47-11.931.4
200013.46-9.122.6
1999-16.921-37.9
15-Year Cumulative340.3 (10.4%/year)98.3 (4.7%/year)242 (5.7%/year)
19980.6428.6-28.0
199718.2833.4-15.1
199626.02233.0
199530.4237.6-7.2
19948.81.37.5
20-Year Cumulative837.2 (11.8%/year)483.2 (9.2%/year)354 (2.6%/year)
1993-6.5810.1-16.7

Top Ranked Articles

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Well, that was an interesting five days for Microsoft (MSFT). Through the first four days of the week, the stock was on a nice run, moving nearly 5% higher. Then, after releasing what appeared to be strong earnings, the stock got plummeted, and was down more than 5% for part of the day (closed down 3%). This morning, the stock has once again opened lower, leaving us, when all is said and done, nearly flat with where we started on April 25. The question is, when we step back from the noise, what did the earnings report tell us about Microsoft the business? Most importantly, is there any indication from the quarterly report that the bears might be right and that Microsoft is a value trap? Read more...
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Commentaries and Stories

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Rating: 5.0/5 (1 vote)

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In a previous article we saw the 13-F holdings of Absolute Return Investors. Here, let´s analyze if one of them, Exxon Mobil Corporation (XOM) is coherent to be in that long portfolio. Exxon does not need too much introduction. The company’s principal business consists of the exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. The firm's largest competitors include BP Plc (BP) and Chevron Corporation (CVX). More...

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Add Notes, Comments or Ask Questions

User Comments

Gurufocus
ReplyGurufocus - 6 months ago
Sm2200:

1. In top search box, type "Warren Buffett"
2. Select "Current Portfolio" in the drop down box
3. Click on "Undervalued" under the portfolio tab.
Sm2200
ReplySm2200 - 6 months 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 - 6 months ago
After you open that link, it is where you want to be. Click on it to see.

Again it is here: http://www.gurufocus.com/holdings.php?GuruName=Donald+Yacktman&tab=underv
Sm2200
ReplySm2200 - 6 months ago
Please be more specific. After I open the hyperlink [www.gurufocus.com], where do I go ? What do I do?
Sm2200
ReplySm2200 - 6 months ago
What are the steps to select the above screen (UNDERVALUED STOCKS IN a GURUS PORTFOLIO ) for other gurus?

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