During the second quarter the Yacktman Fund added two new companies (see: Donald Yacktman Buys Wells Fargo, Oracle) and made notable increases in five stocks. The following five companies represent the largest increases made by guru Donald Yacktman’s Yacktman Fund. …read more
Source: FULL ARTICLE at Forbes Latest
By GuruFocus, Contributor Investor Guru and self-made billionaire Donald Yacktman once said, “Back in 1987, the day of the 500-point decline, I started buying like crazy … I spent $40 million that day.” That was a long time ago. As of this quarter, Yacktman Asset Management LP lists the fund net assets at $10,174,308,688. Investing heavily in high quality large caps, the portfolio update of the Yacktman Fund, based in Austin, Texas, shows 43 stocks with a total value of $8.5 billion and a quarter-over-quarter turnover of 5%. Guru Donald Yacktman’s non-diversified flagship fund seeks long-term capital appreciation, and, to a lesser extent, current income.
From: http://www.forbes.com/sites/gurufocus/2013/04/15/yacktman-funds-top-buys-and-sells-first-quarter/
By GuruFocus, Contributor This is the portfolio update of Yacktman Asset Management. We also track Yacktman Fund and Yacktman Focused Fund, which are reported separately. Over the fourth quarter Donald Yacktman initiated two new positions in the technology field. One is Dell, and the other is IBM. IBM is still a tiny position. We expect to see Yacktman to add much more over the next quarter. He also added to Stryker Corporation, Coca-Cola Co, PepsiCo Inc, Avon Products Inc, Wells Fargo & Co, sells Research in Motion Ltd, H&R Block during the 3-months ended 12/31/2012, according to the most recent filings of his investment company, Yacktman Asset Management Co. As of 12/31/2012, Yacktman Asset Management Co. owns 63 stocks with a total value of $16.7 billion. These are the details of the buys and sells.
Source: FULL ARTICLE at Forbes Latest
By GuruFocus, Contributor As one of our top-followed Gurus, GuruFocus has started to track another of Donald Yacktman’s portfolios, his Yacktman Focused Fund. Yacktman aims in this fund to purchase shares of high-quality growth companies at low prices, combining “the best features of ‘growth and value investing,’” according to his website. He also wants the companies to have good businesses, shareholder-oriented management and low purchase prices. The return of the Yacktman Focused Fund is 10.57 year to date, compared to 16% for the S&P index, and 10.95% over the past 10 years, compared to 7.1% for the S&P.
Source: FULL ARTICLE at Forbes Latest
