Donald Yacktman

Donald Yacktman

Last Update: 08-10-2016
Related: Yacktman Focused Fund
Yacktman Fund

Number of Stocks: 45
Number of New Stocks: 0

Total Value: $12,080 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 Adds to Stake in Samsung Samsung expanding operations, product lines
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. Read more...
Donald Yacktman Adds to 3, Reduces 3 in 2nd Quarter Adds to banks, technology, reduces food, medical supplies
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). Read more...
Top 5 Stocks of Donald Yacktman's First Special Situation Fund Newer fund looks for deep value with a catalyst, beat market
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. Read more...
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. Read more...
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.
Read more...
» More Donald Yacktman Articles

Commentaries and Stories

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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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Top 5 Stocks of Donald Yacktman's First Special Situation Fund Newer fund looks for deep value with a catalyst, beat market Donald Yacktman,Yacktman Focused Fund - Top 5 Stocks Of Donald Yacktman's First Special Situation Fund
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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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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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...

  • Currently 5.00/5

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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Yacktman Focused Fund 2nd Quarter Commentary Donald Yacktman's firm discusses environment and holdings Donald Yacktman,Yacktman Focused Fund - Yacktman Focused Fund 2nd Quarter Commentary
The AMG Yacktman Focused Fund (Trades, Portfolio) ( the Fund) (Service Class) returned 2.23% for the second quarter of 2016, compared with 2.46% for the benchmark, the S&P 500 Index. For the 12 months ending June 30, 2016, the Fund returned 7.05%, versus the benchmark return of 3.99%. More...

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Can C. H. Robinson Start Delivering Big Capital Gains Again? Freight broker has a strong position, potential Donald Yacktman,Mairs and Power - Can C. H. Robinson Start Delivering Big Capital Gains Again?
C. H. Robinson Worldwide, Inc. (NASDAQ:CHRW) dominates the freight brokerage business and has done well for the investors—mainly institutional—who bought its shares some years back. More...

TRANSPORTATION, LOGISTICS, INSTITUTIONAL INVESTORS, FORTUNE 500, UNDERVALUED PREDICTABLE


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Yacktman Fund Hopeful After Second Quarter Report Fund comments on PepsiCo, Fox Donald Yacktman - Yacktman Fund Hopeful After Second Quarter Report
The AMG Yacktman Fund (Trades, Portfolio) (YACKX) gave their second quarter update on July 27. Joe Maccone from Affiliated Managers Group Fund (AMG) moderated the meeting. Stephen Yacktman and Jason Subotky, the portfolio managers at Yacktman Asset Management, gave their views on the portfolio’s performance as well as discussed their major stock purchases and sales. More...

YACKTMAN, PEPSICO, FOX, SAMSUNG, COCACOLA


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Yacktman Fund Sells Pepsi, Coca-Cola, Microsoft Largest sales by the firm in second quarter Donald Yacktman - Yacktman Fund Sells Pepsi, Coca-Cola, Microsoft
Yacktman Fund (Trades, Portfolio) manages a portfolio composed of 36% with total value of $7.04 billion. During the second quarter it sold shares in the following stocks: More...

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The Yacktman Focused Fund Sells Out of C.R. Bard Inc. C.R. Bard reached its 52-week high during the second quarter Donald Yacktman - The Yacktman Focused Fund Sells Out Of C.R. Bard Inc.
During the second quarter, the Yacktman (Trades, Portfolio) Focused Fund sold out its remaining 140,000 shares of C.R Bard (NYSE:BCR) at at an average price of $216.98. The Yacktman (Trades, Portfolio) Focused Fund saw a 66% increase in its investment in C.R. Bard Inc. since the first quarter of 2011. More...

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Yacktman Focused Fund, Focuses Elsewhere Yacktman Fund further reduces stake in PepsiCo, Coca-Cola in 2nd quarter Donald Yacktman,Yacktman Focused Fund - Yacktman Focused Fund, Focuses Elsewhere
A New York based-food, snack and beverage company has recently seen a decline in shares held by one of its long-term stakeholders. More...

PEPSICO, YACKTMAN


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Warren Buffett Sells WABCO, Buys Mastercard, Apple The Oracle's largest trades in the 1st quarter Warren Buffett,Donald Yacktman,Yacktman Fund,Ken F - Warren Buffett Sells WABCO, Buys Mastercard, Apple
Warren Buffett (Trades, Portfolio) is the most respected and successful investor in history. The Oracle of Omaha during the first quarter exited his stakes in AT&T Inc. (T) and Precision Castparts Corp. (PCP) but acquired a new position in Apple Inc. (AAPL). More...

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Donald Yacktman Buys 21st Century Fox, Berkshire, Intel A look at the guru's largest buys during 1st quarter Donald Yacktman, Warren Buffett - Donald Yacktman Buys 21st Century Fox, Berkshire, Intel
Donald Yacktman (Trades, Portfolio) is the president and co-CIO of Yacktman Asset Management. He is also a co-manager for the Yacktman Fund (Trades, Portfolio). During the first quarter, he increased his shares in many stocks, but did not acquire new position. More...

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Yacktman Fund Buys Shares of Berkshire, Fox, Intel in First Quarter The value fund increased 10 Donald Yacktman - Yacktman Fund Buys Shares Of Berkshire, Fox, Intel In First Quarter
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. More...

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Yacktman Funds Comments on Coca-Cola Guru stock highlight
Coca-Cola (NYSE:KO) was a solid performer in the quarter, along with the general strength in the consumer staples sector. Given the market turmoil and global uncertainty, staples were favored due to the quality and consistency of their businesses. We think Coca-Cola could benefit from the recent Dollar weakness and achieve solid margin expansion as the company focuses on cutting costs. More...

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