Yacktman Fund

Yacktman Fund

Last Update: 07-18-2017
Related: Donald Yacktman
Yacktman Focused Fund

Number of Stocks: 37
Number of New Stocks: 2

Total Value: $6,231 Mil
Q/Q Turnover: 1%

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 (%)
201611.211.96-0.8
2015-5.631.38-7.0
201411.3313.69-2.4
3-Year Cumulative16.8 (5.3%/year)29 (8.9%/year)-12.2 (-3.6%/year)
201327.7432.39-4.6
201211.4716-4.5
5-Year Cumulative66.4 (10.7%/year)98.2 (14.7%/year)-31.8 (-4%/year)
20117.32.115.2
201012.6415.06-2.4
200959.3126.4632.9
2008-26.05-3711.0
20073.395.49-2.1
10-Year Cumulative144.9 (9.4%/year)95.7 (6.9%/year)49.2 (2.5%/year)
200615.9515.790.2
2005-1.34.91-6.2
20049.9310.88-0.9
200333.0328.684.3
200211.41-22.133.5
15-Year Cumulative356.6 (10.7%/year)164.2 (6.7%/year)192.4 (4%/year)
200119.46-11.8931.3
200013.57-9.122.7
1999-16.8921.04-37.9
19980.4728.58-28.1
199718.3133.36-15.1
20-Year Cumulative512 (9.5%/year)339.2 (7.7%/year)172.8 (1.8%/year)
199626.1622.963.2
199530.4237.58-7.2
19948.81.327.5
1993-6.5810.08-16.7
19924.727.62-2.9
25-Year Cumulative971.8 (10%/year)791.8 (9.1%/year)180 (0.9%/year)

Top Ranked Articles

Yacktman Funds Bet on IT Companies The funds invested in Cognizant Technology, Infosys in 2nd quarter
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. Read more...
Yacktman Fund Comments on Oracle Guru stock highlight
Oracle (NYSE:ORCL)’s stock rose during the quarter after the company reported solid earnings results that demonstrated a return to growth after several years of challenges. The company is executing a solid transition to the cloud, and the shares continue to trade at a significant discount to peers.

Read more...
Yacktman Focused Fund Fuels Twenty-First Century Fox, Trims Several Positions Guru reports third quarter portfolio
Stephen Yacktman and Jason Subotky, the managers of Yacktman Fund (Trades, Portfolio)s, seek long-term capital appreciation and current income. The fund managers invest in companies using a disciplined investment strategy combining good features of growth and value investing, as described in its prospectus. The fund targets companies that either have a good business or shareholder-oriented investment and trade at low prices. Additionally, the Fund uses the forward rate of return as discussed in this GuruFocus interview. Read more...
Yacktman Fund Comments on Fox Guru stock highlight
After a strong first quarter, Fox (NASDAQ:FOX)’s shares retreated as the media sector fell out of favor due to renewed concerns over the declining number of pay-television subscribers. Over the last few years, Fox has struggled to handle industry challenges, currency issues, and less-than-stellar results at its network and film businesses. Due to the lack of recent business momentum, Fox’s shares have suffered from multiple contraction, while the market overall has seen significant multiple expansion. This leaves these shares very inexpensive in a world in which it remains difficult to find high quality at a low price.

We believe a significant part of Fox’s low valuation is due to the fact that it is managed for the long term by the Murdoch family, and the company is willing to make significant investments in the business, even though that might mean depressing short-term earnings. This approach has led to significant value creation over decades, but a low valuation today.

Many Read more...
Yacktman Fund Sells Viacom, Oracle, Microsoft The fund's largest 1st-quarter trades
The Yacktman Fund (Trades, Portfolio) seeks long-term capital appreciation by investing in common stocks of U.S. companies of any size. During the first quarter, the fund sold shares in the following stocks: Read more...
» More Yacktman Fund Articles

Commentaries and Stories

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Yacktman Fund Comments on Cisco Guru stock highlight
P&G (NYSE:PG)’s stock sold off modestly during the quarter, as the company struggled to generate acceptable unit volume growth. In recent years, P&G has significantly sharpened its focus by selling off non-core assets and cutting costs; however, we think the company can go much further in its efforts to revitalize the remaining businesses. More...

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Yacktman Fund Comments on Cisco Guru stock highlight
Cisco (NASDAQ:CSCO) fell after reporting solid earnings results but providing weaker-than-expected earnings guidance for the coming quarter. Cisco is transforming its business, moving toward subscription services and away from larger one-time sales, and if successful, we think the shares will be awarded a significantly higher valuation, similar to what has occurred with Microsoft and Oracle more recently. More...

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Yacktman Fund Comments on Fox Guru stock highlight
After a strong first quarter, Fox (NASDAQ:FOX)’s shares retreated as the media sector fell out of favor due to renewed concerns over the declining number of pay-television subscribers. Over the last few years, Fox has struggled to handle industry challenges, currency issues, and less-than-stellar results at its network and film businesses. Due to the lack of recent business momentum, Fox’s shares have suffered from multiple contraction, while the market overall has seen significant multiple expansion. This leaves these shares very inexpensive in a world in which it remains difficult to find high quality at a low price.We believe a significant part of Fox’s low valuation is due to the fact that it is managed for the long term by the Murdoch family, and the company is willing to make significant investments in the business, even though that might mean depressing short-term earnings. This approach has led to significant value creation over decades, but a low valuation today.Many More...

  • Currently 0.00/5

Rating: 0.0/5 (0 votes)

Yacktman Fund Comments on Oracle Guru stock highlight
Oracle (NYSE:ORCL)’s stock rose during the quarter after the company reported solid earnings results that demonstrated a return to growth after several years of challenges. The company is executing a solid transition to the cloud, and the shares continue to trade at a significant discount to peers. More...

  • Currently 0.00/5

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Yacktman Fund Comments on Samsung Guru stock highlight
Samsung (HKSE:005930)’s shares appreciated solidly in the second quarter as the company produced strong earnings growth in memory and display products. We believe the shares remain inexpensive due to higher level of profits. We expect Samsung’s 2017 earnings per share to be more than double their level just two years ago. More...

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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 Fund Trims Media and Technology Empire in 1st Quarter Fund managers slash stakes in 6 positions Yacktman Fund,Donald Yacktman - Yacktman Fund Trims Media And Technology Empire In 1st Quarter
Jason Subotky and Donald Yacktman (Trades, Portfolio)’s son Stephen, current portfolio managers of the AMG Yacktman Fund (Trades, Portfolio), invest in growth companies at low prices. During first-quarter 2017, the fund managers trimmed their positions in seven media and technology companies: Viacom Inc. (NASDAQ:VIAB), Oracle Corp. (NYSE:ORCL), Twenty-First Century Fox Inc. (NASDAQ:FOXA), Microsoft Corp. (NASDAQ:MSFT), Cisco Systems Inc. (NASDAQ:CSCO) and Corning Inc. (NYSE:GLW). More...

YACKTMAN FUND


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Yacktman Fund Sells Viacom, Oracle, Microsoft The fund's largest 1st-quarter trades Yacktman Fund - Yacktman Fund Sells Viacom, Oracle, Microsoft
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Donald Yacktman Invests in Bank of America, Berkshire Twenty-First Century Fox is guru's largest buy of 3rd quarter Donald Yacktman,Yacktman Fund,Dodge & Cox,Yacktman - Donald Yacktman Invests In Bank Of America, Berkshire
Donald Yacktman (Trades, Portfolio) is the president and co-chief investment officer of Yacktman Asset Management Co. He is also a co-manager for the Yacktman Fund (Trades, Portfolio). During the third quarter the guru’s largest buys were the following: More...

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Yacktman Focused Fund Fuels Twenty-First Century Fox, Trims Several Positions Guru reports third quarter portfolio Yacktman Focused Fund, Yacktman Fund, Donald Yackt - Yacktman Focused Fund Fuels Twenty-First Century Fox, Trims Several Positions
Stephen Yacktman and Jason Subotky, the managers of Yacktman Fund (Trades, Portfolio)s, seek long-term capital appreciation and current income. The fund managers invest in companies using a disciplined investment strategy combining good features of growth and value investing, as described in its prospectus. The fund targets companies that either have a good business or shareholder-oriented investment and trade at low prices. Additionally, the Fund uses the forward rate of return as discussed in this GuruFocus interview. More...

YACKTMAN FOCUSED FUND, YACKTMAN FUND, DONALD YACKTMAN, JEFF UBBEN, STEVEN ROMICK


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Yacktman Fund Adds to Stake in Samsung Samsung expanding operations, product lines Yacktman Fund,Donald Yacktman - Yacktman Fund Adds To Stake In Samsung
During the second quarter, the Yacktman Fund (Trades, Portfolio) added to its stake in Samsung (XKRX:005935) at an average price of 1086610 Korean Won ($988.42). The trade had a 1.63% on the Yacktman Fund (Trades, Portfolio)’s portfolio. The Fund now owns 332,834 shares of the company. More...

SAMSUNG, YACKTMAN FUND


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Yacktman Fund Invests in Samsung Electronics Company buys stake in carmaker, announces plans to sue smartphone rival Yacktman Fund,Yacktman Focused Fund,Warren Buffett - Yacktman Fund Invests In Samsung Electronics
The Yacktman Fund (Trades, Portfolio) boosted its position in South Korean electronics company Samsung Electronics Co. Ltd. (XKRX:005935) by more than 50% with the purchase of 111,283 shares in the second quarter. More...

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Companies Tumble to 5-Year Lows Staples, Valley National Bancorp, Aaron’s, Diebold record declines T Rowe Price Equity Income Fund,Yacktman Fund,Dona - Companies Tumble To 5-Year Lows
According to GuruFocus list of five-year lows, these guru stocks have reached their five-year lows: Staples Inc. (NASDAQ:SPLS), Valley National Bancorp (NYSE:VLY), Aaron’s Inc. (NYSE:AAN) and Diebold Inc. (NYSE:DBD). More...

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Yacktman Fund Trims Stake in P&G, Sysco Most of 1st quarter trades focus on reductions Yacktman Fund, Donald Yacktman - Yacktman Fund Trims Stake In P&G, Sysco
The Yacktman Fund (Trades, Portfolio) is non-diversified and mainly invests in common stocks of U.S. companies of any size, some, but not all of which, pay dividends. During the first quarter of the year, the fund focused its trades on sales. More...

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Donald Yacktman Dramatically Cuts Exposure to Market Selling may indicate caution of markets Yacktman Fund - Donald Yacktman Dramatically Cuts Exposure To Market
The Yacktman Fund (Trades, Portfolio) managers, known for their aversion to risk, reduced 26 portfolio positions and neither bought nor added to any other positions in the fourth quarter, according to a portfolio update Friday. More...

  • Currently 4.88/5

Rating: 4.9/5 (8 votes)

Stock Market Will Return Nothing According to Buffett Indicator: Market Valuations and Expected Returns – December 2015 The review of market valuation and risks with the key indicators Yacktman Fund,Warren Buffett - Stock Market Will Return Nothing According To Buffett Indicator: Market Valuations And Expected Returns – December 2015
Time flies, and it is now less than a month to the end of the year. The market is up by low single digits, and we would like to review where we are with the market and some of our observations. More...

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Yacktman Fund Reduces Positions in PepsiCo, Coca-Cola in Third Quarter Guru sells stakes in eBay and PayPal Yacktman Fund - Yacktman Fund Reduces Positions In PepsiCo, Coca-Cola In Third Quarter
The Yacktman Fund (Trades, Portfolio) primarily invests in U.S. companies, and its noteworthy transactions in the third quarters did involve U.S.-based companies, some of which pay dividends. In recent years, the Fund has produced double-digit returns, exceeding 20% in 2013. More...

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