Yacktman Focused Fund

Yacktman Focused Fund

Last Update: 07-15-2015
Related: Donald Yacktman
Yacktman Fund

Number of Stocks: 26
Number of New Stocks: 0

Total Value: $6,912 Mil
Q/Q Turnover: 1%

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 (%)
201410.6713.69-3.0
201327.0132.39-5.4
201210.5716-5.4
3-Year Cumulative55.4 (15.8%/year)74.6 (20.4%/year)-19.2 (-4.6%/year)
20117.412.115.3
201011.8415.06-3.2
5-Year Cumulative86.7 (13.3%/year)105.1 (15.5%/year)-18.4 (-2.2%/year)
200962.7626.4636.3
2008-23.48-3713.5
20073.465.49-2.0
200616.1315.790.3
2005-1.834.91-6.7
10-Year Cumulative174.3 (10.6%/year)109.4 (7.7%/year)64.9 (2.9%/year)
20049.9610.88-0.9
200331.7928.683.1
200214.99-22.137.1
200117.14-11.8929.0
20006.61-9.115.7
15-Year Cumulative470.7 (12.3%/year)86.4 (4.2%/year)384.3 (8.1%/year)
1999-21.8921.04-42.9
19984.428.58-24.2
199715.4133.36-18.0

Top Ranked Articles

Donald Yacktman Buys Wells Fargo, Oracle
After purchasing only a small parcel of shares in one company, Sigma-Aldrich Corp. (NASDAQ:SIAL), in the first quarter for the Yacktman Focused Fund, Donald Yacktman and his team espied two values in the second quarter: Oracle Corp. (NYSE:ORCL) and Wells Fargo (NYSE: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...
Donald Yacktman Buys More Shares of Two Companies
Donald Yacktman (Trades, Portfolio), who bought only one stock in the first quarter, increased only two stakes in his Focused Fund (YAFFX) in the second quarter. Read more...
Yacktman Funds' New Buy and Position Increases of Q4
The widely followed Yacktman Asset Management bought only one new stock, according to its fourth quarter portfolio released today. Managers started a new holding of Unilever NV (NYSE:UN), while also increasing positions in Oracle Corp (NYSE:ORCL), Twenty-First Century Fox (NASDAQ:FOX) and Avon Products (NYSE:AVP). 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 0.00/5

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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...

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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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Rating: 0.0/5 (0 votes)

Yacktman Focused Fund Sells More Than Buys in Second Quarter Yacktman Focused Fund - Yacktman Focused Fund Sells More Than Buys In Second Quarter
The Yacktman Focused Fund (Trades, Portfolio) pursues growth companies at low prices when it looks for investment targets. It’s a strategy that has worked pretty well, producing returns of 10.67% in 2014, 27.01% in 2013 and 10.57% in 2012. But the Fund was focused on selling stock in the second quarter. More...

Donald Yacktman, Yacktman Focused Fund


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Rating: 3.0/5 (1 vote)

Johnson & Johnson’s Second-Quarter Earnings Results Beat Expectations
Johnson & Johnson (NYSE:JNJ) reported its second-quarter earnings results on July 14. Earnings beat analysts’ estimates for the quarter. Reported revenue was $17.79 billion, topping analysts’ average revenue estimate of $17.75 billion. Adjusted net earnings were $4.8 billion resulting in earnings per share of $1.71. Analysts’ estimates had called for earnings per share of $1.67. More...

HEALTHCARE


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Donald Yacktman Buys More Shares of Two Companies Yacktman Focused Fund,Yacktman Fund - Donald Yacktman Buys More Shares Of Two Companies
Donald Yacktman (Trades, Portfolio), who bought only one stock in the first quarter, increased only two stakes in his Focused Fund (YAFFX) in the second quarter. More...

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Yacktman Funds' New Buy and Position Increases of Q4 Yacktman Focused Fund - Yacktman Funds' New Buy And Position Increases Of Q4
The widely followed Yacktman Asset Management bought only one new stock, according to its fourth quarter portfolio released today. Managers started a new holding of Unilever NV (NYSE:UN), while also increasing positions in Oracle Corp (NYSE:ORCL), Twenty-First Century Fox (NASDAQ:FOX) and Avon Products (NYSE:AVP). More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Hewlett-Packard is a Sell According to Dividend Discount Model
In this article, let´s consider Hewlett-Packard Company (NYSE:HPQ), a $69.11 billion market cap, which has a trailing P/E ratio that indicates that the stock is relatively undervalued (PE 13.9x vs Industry Median 33.1x). More...

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High Trade Volume, and Gurus’ 2013 Preferred Stock
At the beginning of April, the trade alarm for Sigma-Aldrich (NASDAQ: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. (NASDAQ:SIAL), in the first quarter for the Yacktman Focused Fund, Donald Yacktman and his team espied two values in the second quarter: Oracle Corp. (NYSE:ORCL) and Wells Fargo (NYSE: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)

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