Yacktman Focused Fund

Yacktman Focused Fund

Last Update: 07-15-2016
Related: Donald Yacktman
Yacktman Fund

Number of Stocks: 20
Number of New Stocks: 1

Total Value: $3,997 Mil
Q/Q Turnover: 0%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Yacktman Focused Fund' s Profile & Performance

Profile

The Yacktman Focused Fund seeks long-term capital appreciation, and, to a lesser extent, current income. The Fund is non-diversified and mainly invests in common stocks of United States companies of any size, some, but not all of which, pay dividends. Yacktman employs a disciplined investment strategy, buying growth companies at what it believes to be low prices. Yacktman believes this approach combines the best features of "growth" and "value" investing. When they purchase stocks they generally search for companies they believe to possess one or more of the following three attributes: (1) good business; (2) shareholder-oriented management; or (3) low purchase price.

We also trade Yacktman's 13F filing, which is filed under Donald Yacktman.

Web Page:http://investor.managersinvest.com/investment/yacktman_fund.html?cmpid=ELK_YAM_YACKX

Investing Philosophy

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-Oriented Management

Yacktman believes a shareholder-oriented management does not overcompensate itself and wisely allocates the cash the company generates. Yacktman looks for companies that:

Reinvest in the business and still have excess cash;
Make synergistic acquisitions; and
Buy back stock.

Low Purchase Price

Yacktman looks for a stock that sells for less than what an investor would pay to buy the whole company.

The stock prices of individual companies can vary significantly over short periods of time, and such price movements are not always correlated with changes in company fundamental performance. Accordingly, Yacktman generally prefers to wait for buying opportunities. Such opportunities do not always occur in correlation with overall market performance trends.

Historical Allocation of Stock, Bonds, Cash

Total Holding History

Performance of Yacktman Focused Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
2015-5.091.19-6.3
201410.6713.69-3.0
201327.0132.39-5.4
3-Year Cumulative33.4 (10.1%/year)52.3 (15.1%/year)-18.9 (-5%/year)
201210.5716-5.4
20117.412.115.3
5-Year Cumulative58.4 (9.6%/year)80.4 (12.5%/year)-22 (-2.9%/year)
201011.8415.06-3.2
200962.7626.4636.3
2008-23.48-3713.5
20073.465.49-2.0
200616.1315.790.3
10-Year Cumulative165.2 (10.2%/year)102 (7.3%/year)63.2 (2.9%/year)
2005-1.834.91-6.7
20049.9610.88-0.9
200331.7928.683.1
200214.99-22.137.1
200117.14-11.8929.0
15-Year Cumulative408.1 (11.4%/year)107.5 (5%/year)300.6 (6.4%/year)
20006.61-9.115.7
1999-21.8921.04-42.9
19984.428.58-24.2
199715.4133.36-18.0

Top Ranked Articles

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

Commentaries and Stories

  • Currently 4.00/5

Rating: 4.0/5 (2 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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...

  • Currently 5.00/5

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 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...

  • Currently 1.00/5

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...

  • Currently 5.00/5

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...

  • Currently 5.00/5

Rating: 5.0/5 (2 votes)

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...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Yacktman Fund Invests in Samsung Electronics Company buys stake in carmaker, announces plans to sue smartphone rival Yacktman Fund,Yacktman Focused Fund,Warren Buffett - Yacktman Fund Invests In Samsung Electronics
The Yacktman Fund (Trades, Portfolio) boosted its position in South Korean electronics company Samsung Electronics Co. Ltd. (XKRX:005935) by more than 50% with the purchase of 111,283 shares in the second quarter. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

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


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Donald Yacktman Boosts Stake in Hengan International Group Dividend is close to 10-year high Donald Yackman, Yacktman Focused Fund - Donald Yacktman Boosts Stake In Hengan International Group
Guru Donald Yacktman (Trades, Portfolio) is the founder of the Yacktman Asset Management and was also named Portfolio Manager of the Year by Morningstar in 1991. During the first quarter, Yacktman added to his stake in Hengan International Group to the Yacktman Focused Fund (Trades, Portfolio). More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Yacktman Focused Fund Returned -2.6% During The 2Q
Donald Yacktman (Trades, Portfolio)'s Yacktman Focused Fund (Trades, Portfolio) has released its second-quarter commentary letter to investors. In the letter the fund discussed its second-quarter returns which came in at -2.6% compared to the S&P 500 Index return of 0.3%. The fund discussed why its return for the second quarter was negative and the holdings that caused the most pain for the fund. More...

DONALD YACKTMAN, YACKTMAN FOCUSED FUND,2Q,COMMENTARY,


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Donald Yacktman Comments on Samsung Electronics Co Ltd
During the second quarter, some of the largest detractors included Fox (FOX), P&G (PG), and Samsung (XKRX:005935), which are among our high conviction long-term investments. We think these investments all offer significant long-term value despite their recent unpopularity. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Donald Yacktman Comments on Procter & Gamble Co
During the second quarter, some of the largest detractors included Fox (FOX), P&G (PG), and Samsung (XKRX:005935), which are among our high conviction long-term investments. We think these investments all offer significant long-term value despite their recent unpopularity. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Donald Yacktman Comments on Twenty-First Century Fox Inc.
During the second quarter, some of the largest detractors included Fox (FOX), P&G (PG), and Samsung (XKRX:005935), which are among our high conviction long-term investments. We think these investments all offer significant long-term value despite their recent unpopularity. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Donald Yacktman Comments on Stryker and Anthem
During the second quarter, top contributors included Microsoft (NASDAQ:MSFT), Stryker (NYSE:SYK) and Anthem (NYSE:ANTM). More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Donald Yacktman Comments on Microsoft
During the second quarter, top contributors included Microsoft (NASDAQ:MSFT), Stryker (NYSE:SYK) and Anthem (NYSE:ANTM). More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Yacktman Focused Fund Q2 Commentary Yacktman Focused Fund - Yacktman Focused Fund Q2 Commentary
The AMG Yacktman Focused Fund (Trades, Portfolio) (Service Class) returned -2.6% for the second quarter of 2015, compared with 0.3% for the benchmark, the S&P 500 Index. For the 12 months ending June 30, 2015, the Fund returned -0.1%, while the benchmark returned 7.4%. More...

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