Insight into Yacktman Focused Fund (Trades, Portfolio)'s Q4 2023 Investment Moves
Yacktman Focused Fund (Trades, Portfolio), known for its objective and patient investment approach, has revealed its N-PORT filing for the fourth quarter of 2023. The Fund, which is part of Yacktman Asset Management (Trades, Portfolio), is committed to long-term capital appreciation and, to a lesser extent, current income. It is characterized by its non-diversified status, investing predominantly in common stocks of both domestic and international companies, including dividend-paying firms. The Fund's investment philosophy is to combine the best elements of "growth" and "value" investing, focusing on excellent businesses with shareholder-oriented management and attractive purchase prices.
Key Position Increases
During the quarter, Yacktman Focused Fund (Trades, Portfolio) bolstered its positions in four stocks. Noteworthy increases include:
- U-Haul Holding Co (UHAL.B, Financial) saw an addition of 51,000 shares, bringing the total to 1,950,000 shares. This represents a 2.69% increase in share count, impacting the portfolio by 0.11%, and a total value of $137,358,000.
- Diamondback Energy Inc (FANG, Financial) experienced an increase of 21,000 shares, resulting in a total of 326,000 shares. This adjustment signifies a 6.89% increase in share count, with a total value of $50,556,080.
Key Position Reduces
The Fund also made reductions in 17 stocks, with significant changes in:
- Associated British Foods PLC (LSE:ABF, Financial) was reduced by 1,200,000 shares, leading to a 30.77% decrease in shares and a 0.94% impact on the portfolio. The stock's average trading price was £22.15 during the quarter, with a 3-month return of 19.16% and a year-to-date return of -4.18%.
- Weatherford International PLC (WFRD, Financial) saw a reduction of 300,000 shares, a 46.15% decrease, affecting the portfolio by 0.84%. The stock traded at an average price of $92.97 during the quarter, with a 3-month return of 3.53% and a year-to-date return of -1.76%.
Portfolio Overview
As of the fourth quarter of 2023, Yacktman Focused Fund (Trades, Portfolio)'s portfolio comprised 49 stocks. The top holdings included 11.58% in Samsung Electronics Co Ltd (XKRX:005935, Financial), 9.23% in Bollore SE (XPAR:BOL, Financial), 7.87% in Canadian Natural Resources Ltd (CNQ, Financial), 4.13% in Microsoft Corp (MSFT, Financial), and 4.03% in U-Haul Holding Co (UHAL.B, Financial). The Fund's investments are primarily concentrated across nine industries: Communication Services, Technology, Consumer Defensive, Energy, Industrials, Basic Materials, Financial Services, Consumer Cyclical, and Healthcare.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
