Yacktman Focused Fund

Yacktman Focused Fund

Last Update: 2014-07-15
Related: Donald Yacktman
Yacktman Fund

Number of Stocks: 35
Number of New Stocks: 0

Total Value: $9,938 Mil
Q/Q Turnover: 6%

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 (%)
201327.0131.55-4.5
201210.5715.4-4.8
20117.412.085.3
3-Year Cumulative50.8 (14.7%/year)55 (15.7%/year)-4.2 (-1%/year)
201011.8415.06-3.2
200962.7626.4636.3
5-Year Cumulative174.6 (22.4%/year)125.5 (17.7%/year)49.1 (4.7%/year)
2008-23.48-3713.5
20073.465.61-2.2
200616.1315.790.3
2005-1.834.91-6.7
20049.9612-2.0
10-Year Cumulative172.5 (10.5%/year)104.1 (7.4%/year)68.4 (3.1%/year)
200331.7928.73.1
200214.99-22.137.1
200117.14-11.929.0
20006.61-9.115.7
1999-21.8921-42.9
15-Year Cumulative302.8 (9.7%/year)98.3 (4.7%/year)204.5 (5%/year)
19984.428.6-24.2
199715.4133.4-18.0

Top Ranked Articles

Donald Yacktman Buys Wells Fargo, Oracle
After purchasing only a small parcel of shares in one company, Sigma-Aldrich Corp. (SIAL), in the first quarter for the Yacktman Focused Fund, Donald Yacktman and his team espied two values in the second quarter: Oracle Corp. (ORCL) and Wells Fargo (WFC). The total Yacktman Focused Fund contains 37 stocks and has a total value of $8.03 billion, with a quarter-over-quarter turnover of 7%. Read more...
Yacktman Focused Fund's Top Five Stocks
The Yacktman Focused Fund seeks long-term capital appreciation and, to a lesser extent, current income. The fund is non-diversified, mainly investing in common stocks of U.S. companies of any size, some, but not all of which, pay dividends.  Over the past quarter the Yacktman Focused Fund (Trades, Portfolio) added three new stocks bringing the fund’s holdings to 38 stocks valued at $9.475 billion. Read more...
Yacktman Focused Fund's Third Quarter Sells
While the Yacktman Fund and the Yacktman Focused Fund mirror each closely, there are some fundamental differences, one being that the Yacktman Focused Fund invests more heavily in health care than technology. With an average annual return of 8.7% since inception and 11% over 10 years, the Yacktman Focused Fund seeks long-term capital appreciation and, to a lesser extent, current income. The fund is non-diversified, mainly investing in common stocks of U.S. companies of any size, some, but not all of which, pay dividends. The Yacktman Fund’s average annual return is 9.8% since inception and 10.6% over 10 years. In a third quarter update, Yacktman Focused Fund lists 37 stocks with one new stock. With a 17% quarter-over-quarter Read more...
» More Yacktman Focused Fund Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

High Trade Volume, and Gurus’ 2013 Preferred Stock
At the beginning of April, the trade alarm for Sigma-Aldrich (SIAL) set off due to a larger seller coming together with the buyers to raise a posted offer. The phenomena pushed up stock face value, however unable to continue the previous trend. Hence, stock value has been on a decline since the month of March. Reasoning about the sources for the stagnation, will give potential investors important insight for a current or future investment. Given the nature of the firm, close attention should be paid to research and development. But, most importantly, to the business model as a whole and market environment. Looking at recent full year reports can also offer important information about specific performance indicators. In the middle, there is an important number of new positions consolidated by gurus through 2013, who would like to see new investors enter the business. More...

CHEMICALS, SPECIALTY, METALS, CERAMICS, HEALTH, SAFETY


  • Currently 2.60/5

Rating: 2.6/5 (5 votes)

Yacktman Focused Fund's Top Five Stocks
The Yacktman Focused Fund seeks long-term capital appreciation and, to a lesser extent, current income. The fund is non-diversified, mainly investing in common stocks of U.S. companies of any size, some, but not all of which, pay dividends.  Over the past quarter the Yacktman Focused Fund (Trades, Portfolio) added three new stocks bringing the fund’s holdings to 38 stocks valued at $9.475 billion. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Yacktman Focused Fund's Third Quarter Sells
While the Yacktman Fund and the Yacktman Focused Fund mirror each closely, there are some fundamental differences, one being that the Yacktman Focused Fund invests more heavily in health care than technology. With an average annual return of 8.7% since inception and 11% over 10 years, the Yacktman Focused Fund seeks long-term capital appreciation and, to a lesser extent, current income. The fund is non-diversified, mainly investing in common stocks of U.S. companies of any size, some, but not all of which, pay dividends. The Yacktman Fund’s average annual return is 9.8% since inception and 10.6% over 10 years. In a third quarter update, Yacktman Focused Fund lists 37 stocks with one new stock. With a 17% quarter-over-quarter More...

BANKS - REGIONAL – US,MEDIA, COMPUTER SYSTEMS, COMMUNICATION EQUIPMENT


  • Currently 4.75/5

Rating: 4.8/5 (4 votes)

Donald Yacktman Buys Wells Fargo, Oracle
After purchasing only a small parcel of shares in one company, Sigma-Aldrich Corp. (SIAL), in the first quarter for the Yacktman Focused Fund, Donald Yacktman and his team espied two values in the second quarter: Oracle Corp. (ORCL) and Wells Fargo (WFC). The total Yacktman Focused Fund contains 37 stocks and has a total value of $8.03 billion, with a quarter-over-quarter turnover of 7%. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Add Notes, Comments or Ask Questions

User Comments

No comment yet

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK