Yacktman Fund

Yacktman Fund

Last Update: 2014-04-15
Related: Donald Yacktman
Yacktman Focused Fund

Number of Stocks: 44
Number of New Stocks: 2

Total Value: $11,215 Mil
Q/Q Turnover: 4%

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

Yacktman Fund' s Profile & Performance

Profile

The Yacktman 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 track Yacktman Focused Fund and Yacktman's 13F filing .

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 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
200119.46-11.931.4
200013.57-9.122.7
1999-16.8921-37.9
15-Year Cumulative340.7 (10.4%/year)98.3 (4.7%/year)242.4 (5.7%/year)
19980.4728.6-28.1
199718.3133.4-15.1
199626.16233.2
199530.4237.6-7.2
19948.81.37.5
20-Year Cumulative837.8 (11.8%/year)483.2 (9.2%/year)354.6 (2.6%/year)
1993-6.5810.1-16.7
19924.727.6-2.9

Top Ranked Articles

Yacktman Funds Interview - Great Answers from Great Investors
We had the honor and pleasure to interview the highly respected and well-known value investors Stephen Yactkman and Jason Subotky from Yacktman Asset Management. The Yacktman Fund seeks long-term capital appreciation, and, to a lesser extent, current income. 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. Read more...
Texas-Sized Big Buys by Yacktman
When Texans do anything, it tends to be big. Case in point, Texan Guru Donald Yacktman of Yacktman Asset Management, and his funds bought BIG in the first quarter of 2013, according to GuruFocus Real Time Picks. Here’s a look at Yacktman’s recent buys and the P/Es of those stocks. Read more...
Yacktman Fund Buys Oracle, Exxon Mobil, C.R. Bard, Sells Pfizer, Viacom, Microsoft
Yacktman Fund, run by legendary fund manager Don Yacktman, has reported its second quarter portfolio. The fund is one of the best performing funds over the last decade. Over of the past 10 years, the fund has gained 10.6% a year, while the S&P 500 gained 7.2% a year. Read more...
Yacktman Buys Dell, a Company that Wants to Go Private – Yacktman Fund 4th Quarter Update
Donald Yacktman has submitted several fourth quarter updates for the Yacktman Fund. For the three months ending Dec. 31, the fund returned 0.01 percent, beating the S&P 500’s -0.38 percent fourth quarter return. Read more...
Yacktman Fund Buys Coca-Cola, PepsiCo, Exxon Mobil, Sells Cisco Systems Inc, Hewlett-Packard Co
Yacktman Fund just released its third quarter portfolio. The fund is run by the legendary fund manager Don Yacktman and his son Steve. Yacktman Fund has gained 11.6% a year over the past 10 years, bettering the S&P 500 by 4% a year. Read more...
» More Yacktman Fund Articles

Commentaries and Stories

  • Currently 4.70/5

Rating: 4.7/5 (20 votes)

Yacktman Funds Interview - Great Answers from Great Investors
We had the honor and pleasure to interview the highly respected and well-known value investors Stephen Yactkman and Jason Subotky from Yacktman Asset Management. The Yacktman Fund seeks long-term capital appreciation, and, to a lesser extent, current income. 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. More...

  • Currently 2.00/5

Rating: 2.0/5 (1 vote)

Yacktman Fund Buys Coca-Cola, PepsiCo, Exxon Mobil, Sells Cisco Systems Inc, Hewlett-Packard Co
Yacktman Fund just released its third quarter portfolio. The fund is run by the legendary fund manager Don Yacktman and his son Steve. Yacktman Fund has gained 11.6% a year over the past 10 years, bettering the S&P 500 by 4% a year. More...

  • Currently 2.67/5

Rating: 2.7/5 (3 votes)

Yacktman Fund Buys Oracle, Exxon Mobil, C.R. Bard, Sells Pfizer, Viacom, Microsoft
Yacktman Fund, run by legendary fund manager Don Yacktman, has reported its second quarter portfolio. The fund is one of the best performing funds over the last decade. Over of the past 10 years, the fund has gained 10.6% a year, while the S&P 500 gained 7.2% a year. More...

  • Currently 4.50/5

Rating: 4.5/5 (2 votes)

Texas-Sized Big Buys by Yacktman
When Texans do anything, it tends to be big. Case in point, Texan Guru Donald Yacktman of Yacktman Asset Management, and his funds bought BIG in the first quarter of 2013, according to GuruFocus Real Time Picks. Here’s a look at Yacktman’s recent buys and the P/Es of those stocks. More...

SPECIALTY CHEMICAL, SOFTWARE - INFRASTUCTURE, BEVERAGES – SOFT DRINKS


  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Yacktman Fund Buys Dell Inc, Stryker Corporation, Coca-cola Co, Sells H&R Block Inc, Research In Motion Ltd, Liberty Ventures
Besides the 13F of Yacktman Asset Management and Yacktman Focused Fund, we also started to track the portfolio of Yacktman Fund. Yacktman Fund is the flagship fund of Don Yacktman. The fund has achieved 10.6% of annual return over the past 10 years. It heavily invests in high quality large caps. As of Dec. 31, the fund has 51% of asset in top 10 positions and 16% in cash. More...

  • Currently 2.50/5

Rating: 2.5/5 (2 votes)

Yacktman Buys Dell, a Company that Wants to Go Private – Yacktman Fund 4th Quarter Update
Donald Yacktman has submitted several fourth quarter updates for the Yacktman Fund. For the three months ending Dec. 31, the fund returned 0.01 percent, beating the S&P 500’s -0.38 percent fourth quarter return. More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

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