Yacktman Focused Fund

Yacktman Focused Fund

Last Update: 07-17-2018
Related: Donald Yacktman
Yacktman Fund

Number of Stocks: 22
Number of New Stocks: 0

Total Value: $2,702 Mil
Q/Q Turnover: 4%

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 (%)
201720.0321.71-1.7
201611.2911.99-0.7
2015-5.091.24-6.3
3-Year Cumulative26.8 (8.2%/year)38 (11.3%/year)-11.2 (-3.1%/year)
201410.6713.47-2.8
201327.0132.3-5.3
5-Year Cumulative78.2 (12.2%/year)107.2 (15.7%/year)-29 (-3.5%/year)
201210.5715.99-5.4
20117.411.95.5
201011.8415.05-3.2
200962.7626.3536.4
2008-23.48-36.7913.3
10-Year Cumulative194.8 (11.4%/year)125 (8.4%/year)69.8 (3%/year)
20073.465.14-1.7
200616.1315.850.3
2005-1.834.83-6.7
20049.9610.7-0.7
200331.7928.193.6
15-Year Cumulative403.9 (11.4%/year)307.7 (9.8%/year)96.2 (1.6%/year)
200214.99-21.5836.6
200117.14-11.7628.9
20006.61-9.7516.4
1999-21.8920.4-42.3
19984.428.7-24.3
20-Year Cumulative490.1 (9.3%/year)294.5 (7.1%/year)195.6 (2.2%/year)
199715.4133.47-18.1

Top Ranked Articles

Yacktman Asset Management Buys U-Haul Parent in 1st Quarter Firm also adds to Proctor & Gamble position
Yacktman Asset Management, founded in 1992 by legendary investor Donald Yacktman (Trades, Portfolio), disclosed on Wednesday the firm established a stake in Amerco Inc. (NASDAQ:UHAL) and expanded its position in Proctor & Gamble Co. (NYSE:PG) during the first quarter. Read more...
Yacktman Asset Management’s Proctor & Gamble Rises on Strong Fiscal 4th-Quarter Organic Sales Growth Company reports strong organic sales growth in 8 out of 10 global regions in a competitive environment
Proctor & Gamble Co. (NYSE:PG), a major holding of Yacktman Asset Management (Trades, Portfolio), said revenues for the 12 months ending June 30 increased 3% year over year, driven by strong organic sales growth in eight out the company’s 10 global regions. Read more...
Yacktman Funds Invest in French Transportation Company Fund also establishes position in Micro Focus International
The Yacktman Fund (Trades, Portfolio) and Yacktman Focused Fund (Trades, Portfolio) acquired positions in Bollore SA (XPAR:BOL) in the third quarter. The former also established a position in Micro Focus International PLC (NYSE:MFGP). Read more...
Yacktman Fund Trims Positions in 4 Companies in 4th Quarter Fund managers also eliminated Walmart and Intel from the portfolio
Yacktman Fund (Trades, Portfolio) managers Stephen Yacktman and Jason Subotky trimmed their position in four companies: Microsoft Corp. (NASDAQ:MSFT), Samsung Electronics Co. Ltd. (XKWX:005935), Sysco Corp. (NYSE:SYY) and Cisco Systems Inc. (NASDAQ:CSCO). The fund managers also axed their positions in Wal-Mart Stores Inc. (NYSE:WMT) and Intel Corp. (NASDAQ:INTC). Read more...
Yacktman Focused Fund Reduces Samsung, Microsoft, Sysco Positions The fund’s largest sales of the 4th quarter
The Yacktman Focused Fund (Trades, Portfolio), founded by renowned investor Donald Yacktman (Trades, Portfolio), released its portfolio for the fourth quarter this week, disclosing it reduced eight positions. Read more...
» More Yacktman Focused Fund Articles

Commentaries and Stories

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Yacktman Asset Management’s Proctor & Gamble Rises on Strong Fiscal 4th-Quarter Organic Sales Growth Company reports strong organic sales growth in 8 out of 10 global regions in a competitive environment Yacktman Asset Management, Yacktman Focused Fund,  - Yacktman Asset Management’s Proctor & Gamble Rises On Strong Fiscal 4th-Quarter Organic Sales Growth
Proctor & Gamble Co. (NYSE:PG), a major holding of Yacktman Asset Management (Trades, Portfolio), said revenues for the 12 months ending June 30 increased 3% year over year, driven by strong organic sales growth in eight out the company’s 10 global regions. More...

WARREN BUFFETT, YACKTMAN ASSET MANAGEMENT, YACKTMAN FUND, YACKTMAN FOCUSED FUND


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Yacktman Focused Fund Exits Twenty-First Century Fox Fund reduces several other positions in 2nd quarter Yacktman Focused Fund - Yacktman Focused Fund Exits Twenty-First Century Fox
The Yacktman Focused Fund (Trades, Portfolio) pursues investments that will generate long-term capital appreciation and current income. Portfolio managers Stephen Yacktman and Jason Subotky sold the following stocks in the second quarter.  More...

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Yacktman Focused Fund Increases 4 Stocks in 2nd Quarter Yacktman adds to positions from the higher-returning country Donald Yacktman,Yacktman Focused Fund - Yacktman Focused Fund Increases 4 Stocks In 2nd Quarter
While welcoming the return of the more attractive pricing brought on by volatility in its first-quarter letter, the Yacktman Focused Fund (Trades, Portfolio) made substantial purchases of only three stocks in the second quarter, each of which is based outside the U.S. More...

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Yacktman Asset Management Buys U-Haul Parent in 1st Quarter Firm also adds to Proctor & Gamble position Donald Yacktman, Yacktman Focused Fund, Yacktman F - Yacktman Asset Management Buys U-Haul Parent In 1st Quarter
Yacktman Asset Management, founded in 1992 by legendary investor Donald Yacktman (Trades, Portfolio), disclosed on Wednesday the firm established a stake in Amerco Inc. (NASDAQ:UHAL) and expanded its position in Proctor & Gamble Co. (NYSE:PG) during the first quarter. More...

DONALD YACKTMAN, STEPHEN YACKTMAN, JASON SUBOTKY, YACKTMAN FUND, YACKTMAN FOCUSED FUND


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Yacktman Focused Fund Focuses on South Korea, France in 1st Quarter Value fund establishes positions in tobacco company, online retailer Yacktman Focused Fund - Yacktman Focused Fund Focuses On South Korea, France In 1st Quarter
The Yacktman Focused Fund (Trades, Portfolio), part of Yacktman Asset Management, released its first-quarter portfolio on Tuesday, listing two new holdings. More...

YACKTMAN, FOCUSED FUND, BUYS, 1Q


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Yacktman Fund Trims Positions in 4 Companies in 4th Quarter Fund managers also eliminated Walmart and Intel from the portfolio Yacktman Fund, Yacktman Focused Fund - Yacktman Fund Trims Positions In 4 Companies In 4th Quarter
Yacktman Fund (Trades, Portfolio) managers Stephen Yacktman and Jason Subotky trimmed their position in four companies: Microsoft Corp. (NASDAQ:MSFT), Samsung Electronics Co. Ltd. (XKWX:005935), Sysco Corp. (NYSE:SYY) and Cisco Systems Inc. (NASDAQ:CSCO). The fund managers also axed their positions in Wal-Mart Stores Inc. (NYSE:WMT) and Intel Corp. (NASDAQ:INTC). More...

YACKTMAN FUND, YACKTMAN FOCUSED FUND


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Yacktman Focused Fund Reduces Samsung, Microsoft, Sysco Positions The fund’s largest sales of the 4th quarter Yacktman Focused Fund - Yacktman Focused Fund Reduces Samsung, Microsoft, Sysco Positions
The Yacktman Focused Fund (Trades, Portfolio), founded by renowned investor Donald Yacktman (Trades, Portfolio), released its portfolio for the fourth quarter this week, disclosing it reduced eight positions. More...

YACKTMAN, FOCUSED FUND, SELLS, 4Q


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Yacktman Funds Invest in French Transportation Company Fund also establishes position in Micro Focus International Yacktman Fund,Yacktman Focused Fund,Charles de Vau - Yacktman Funds Invest In French Transportation Company
The Yacktman Fund (Trades, Portfolio) and Yacktman Focused Fund (Trades, Portfolio) acquired positions in Bollore SA (XPAR:BOL) in the third quarter. The former also established a position in Micro Focus International PLC (NYSE:MFGP). More...

YACKMAN, FOCUSED, FUND, BUYS, SELLS, TRADES, 3Q


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Yacktman Asset Management's Largest 2nd-Quarter Trades The firm releases quarterly portfolio Donald Yacktman, Yacktman Focused Fund, Yacktman F - Yacktman Asset Management's Largest 2nd-Quarter Trades
Yacktman Asset Management (TradesPortfolio), which is managed by Stephen Yacktman and Jason Subotky, made the following trades during the second quarter. More...

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Yacktman Focused Fund Divests Unilever in 2nd Quarter Guru sells outweigh the buys Yacktman Focused Fund, Donald Yacktman - Yacktman Focused Fund Divests Unilever In 2nd Quarter
The Yacktman Focused Fund (Trades, Portfolio) primarily seeks long-term capital appreciation and current income. During the second quarter, the fund's managers, Stephen Yacktman and Jason Subotky, eliminated their Unilever NV (NYSE:UN) position and trimmed several other positions, including Samsung Electronics Co. Ltd. (XKRX:005935), Oracle Corp. (NYSE:ORCL) and Johnson & Johnson (NYSE:JNJ). More...

DONALD YACKTMAN, YACKTMAN FOCUSED FUND


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Yacktman Funds Bet on IT Companies The funds invested in Cognizant Technology, Infosys in 2nd quarter Yacktman Focused Fund,Yacktman Fund,Richard Pzena - Yacktman Funds Bet On IT Companies
The Yacktman Focused Fund (Trades, Portfolio) and the Yacktman Fund (Trades, Portfolio) initiated holdings in Cognizant Technology Solutions Corp. (NASDAQ:CTSH) and Infosys Ltd. (NYSE:INFY) during the second quarter. More...

YACKTMAN, TRADES, 2Q, BUYS, IT, TECHNOLOGY


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Yacktman Focused Fund Buys Cognizant and Infosys, Sells Out of Unilever The fund's largest 2nd-quarter trades Yacktman Focused Fund, Yacktman Fund, Donald Yackt - Yacktman Focused Fund Buys Cognizant And Infosys, Sells Out Of Unilever
The Yacktman Focused Fund (Trades, Portfolio) manages a portfolio composed of 20 stocks with a total value of $3,286 million. It seeks long-term capital appreciation and current income. During the second quarter, the guru traded shares in the following stocks: More...

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Yacktman Focused Fund Sells 2 Holdings, Reduces Several Others The fund had no new buys in the 1st quarter Yacktman Focused Fund,Donald Yacktman,Barrow Hanle - Yacktman Focused Fund Sells 2 Holdings, Reduces Several Others
The Yacktman Focused Fund (Trades, Portfolio) divested two positions and reduced many others during the first quarter. More...

YACKTMAN, FOCUSED FUND, SELLS, 1Q


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Yacktman Focused Fund Comments on Samsung Guru stock highlight
During the quarter, Samsung (XKRX:005930)’s shares contributed solidly to Fund results even though the company’s Note7 was terminated, resulting in one of the worst product failures in history. The stock was resilient because Samsung’s semiconductor and display businesses delivered strong profit growth.During the fourth quarter, Samsung announced improved cash returns to shareholders via an increased dividend and significant new share repurchase plan. Management also announced it is studying the corporate structure of the business and will consider an ADR listing. We think either or both of these events would propel the stock significantly higher. Even without corporate restructuring, Samsung looks like it could achieve strong growth in 2017. The shares are incredibly inexpensive and trade at a substantial discount to any of the company’s global peers. More...

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Yacktman Focused Fund Comments on Microsoft Guru stock highlight
Microsoft (NASDAQ:MSFT)’s shares were solid contributors to fourth-quarter results as the company continues its remarkable transformation under CEO Satya Nadella. Microsoft could be a significant beneficiary of the new administration’s proposed tax repatriation plan. More...

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Yacktman Focused Fund Comments on Sysco Guru stock highlight
Sysco (NYSE:SYY)’s shares contributed to fourth-quarter results as the company delivered solid earnings results, benefitting from improved case volume growth and strong cost-cutting. In 2016, Sysco expanded overseas, completing the acquisition of Brakes Group, a leading European foodservice provider. We think this will help provide the company with significant opportunities for growth for many years to come. More...

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Yacktman Focused Fund Comments on 21st Century Fox Guru stock highlight
In the fourth quarter, FOX (NASDAQ:FOXA)’s shares were the strongest contributor to results for the Fund. Recently, FOX has delivered strong ratings in news and sports, and announced an agreement to purchase full ownership of Sky, a leading European media and communications company. In the last few years, FOX has struggled with currency headwinds and challenges in the movie studio business, which has masked continued solid growth in cable content. Recently, AT&T announced a proposed acquisition of Time Warner that we think demonstrates that top content is increasingly valuable today. More...

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Yacktman Funds Trims Most Positions, Adds to 2 Stocks, Buys S&P 500 ETF in 4th Quarter Yacktman makes significant reductions but three buys Donald Yacktman,Yacktman Focused Fund - Yacktman Funds Trims Most Positions, Adds To 2 Stocks, Buys S&P 500 ETF In 4th Quarter
Yacktman Asset Management, founded by noted value investor Donald Yacktman (Trades, Portfolio), purchased a smidgeon of the Standard and Poor's 500 index (SPY) and made significant increases to its holding of Unilever NV (NYSE:UN) and Reading International Inc. (NASDAQ:RDI). More...

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Yacktman Focused Fund Adds Unilever to Portfolio Fund established only one new holding in the 4th quarter Yacktman Focused Fund,Donald Yacktman,Tom Russo,Ya - Yacktman Focused Fund Adds Unilever To Portfolio
After selling out in the fourth quarter of 2015, the AMG Yacktman Focused Fund (Trades, Portfolio) established a new holding in Unilever NV (NYSE:UN) during the final quarter of 2016. More...

YACKTMAN, FOCUSED, UNILEVER, BUY, 4Q


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Yacktman Funds Comments on Aggreko Guru stock highlight
A small position in Aggreko (LSE:AGK) detracted from returns as the company struggled with greater competition and weakness in oil and gas markets and mining markets. Although current business is challenging, futures orders look encouraging. More...

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