Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. Our matching tool has connected more individuals with financial advisors When they purchase stocks, they generally search for companies they believe to possess one or more of the following three attributes: Shareholder-Oriented Management The firms long-term presence in Europe, the U.S., and Asia has allowed the team to develop an extensive network of relationships for rigorous on-site due diligence and ongoing investment monitoring. For performance information through the most recent month end please call 800.835.3879 or Yacktman employs a disciplined investment strategy, buying growth companies at what it believes to be low prices. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used. Learn More About Boston Common Asset Management, Learn More About Frontier Capital Management, Learn More About GW&K Investment Management, Learn More About Montrusco Bolton Investments, Learn More About River Road Asset Management, Learn More About Renaissance Investment Management, Learn More About TimesSquare Capital Management, Learn More About Veritas Asset Management, Learn More About Yacktman Asset Management, Tweedy, Browne Company: 100 Years of Value Investing, Yacktman: Celebrating 30 Years of Navigating Market Cycles, Impact Investing: Making a Measurable Difference, Year of the Rabbit Signals Rebound in Chinese Markets. SmartAsset does not His son Brian, 33, remembers Don hiring him out of business school for $35,000 less than the going rate for MBAs. Hedge Fund Net Worth $10.04B Donald Yacktman manages more assets than 51% of other Hedge Fund Managers Average Return +25.50% Since Last Filing Last 12 Months 3 Years (Annualized) Portfolio Breakdown by Sector Portfolio Breakdown 19.09% Technology 17.75% Utilities 17.21% Consumer Goods 15.08% Financial 12.24% Services 6.24% Healthcare His two funds are betting heavily on Rupert Murdochs News Corp., which accounts for nearly 10% of all assets; Procter & Gamble (PG) and PepsiCo (PEP), which each represent 8% of assets; and former tech stars Microsoft (MSFT) and Cisco (CSCO). Another time at family dinner, the twice-a-month gathering of his children in Austin, his son Robs wife threw away a recycling bag filled with empty soda cans. Yacktman is an employee of Yacktman Asset Management Lp. But because her pons the part of the brain near the spinal cord that controls voluntary movement was nearly destroyed during the stroke, she was told she would never move below her eyes again. Based on that information, we match you with financial advisors near Tracing its history back to 1946, Montrusco Bolton Investments Inc. is a private investment management firm. There are no guarantees that working with an adviser will yield positive returns. The Yacktman Fund sells companies that no longer meet its investment criteria, or if better investment opportunities are available. Chief Investment Officer Stephen Yacktman leads our experienced investment team. Past performance is no guarantee of future results. In 1993, Easterbrook worked the first time for McDonald's. Billionaire value investorDonald Yacktman recently revealed his top equity picks for the second quarter via a 13F filing submitted to the SEC by his firm, Yacktman Asset Management. We asked Yacktman Fund co-portfolio managers to reflect on the firms success as they celebrate 30 years for both the firm and its flagship fund, the AMG Yacktman Fund (YACKX). What's more, the Yacktmans write in their latest letter to shareholders that one of its Liberty holdings, Liberty Capital (NASDAQ:LCAPA), is "worth $120 to $140 a share," which would equal at. Stephen King Net Worth: $400 Million Stephen King is an acclaimed author of contemporary suspense, fantasy, horror, and science fiction. Yacktman owned conservative names like P&G heading into the crisis. In 2004, his daughter Jenny suffered a stroke at age 30. During the past decade his flagship Yacktman Fund (YACKX) has returned 10.5%. The stock has since risen to $12. He graduated from Brigham Young University with an economics degree and MBA. Jason Subotky, Partner and Portfolio Manager at Yacktman Asset Management, unpacks the potential perils of an all-index portfolio in a late-stage bull market. As for the more controversial fare in his portfolio Hewlett-Packard (HPQ), RIM (RIMM), Apollo Group (APOL) Steve says they are just more value bets on the odds playing out in their favor. Yacktman Asset Management, an investment management firm, released its Yacktman Fund Q3 2022 investor letter. The fund gained 2,040,441 shares of The Walt Disney Co., which occupied 4.07% of the portfolio. 15 top stock picks from star investors. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, Career Upon getting his degree from the university, Easterbrook worked as a trainee accountant with Price Waterhouse. SmartAsset did not receive compensation for including any of the firms or advisors The fund is currently managed by Stephen Yacktman who has been in charge of the fund. The Walt Disney Co. has a market cap of $236.85 billion; its shares were traded around $131.76 Wednesday with a price-earnings ratio of 19.11 and price-sales ratio of 3.30. GuruFocus rated Alphabet Inc.the business predictability rank of 3.5-star. Founded by investor Donald Yacktman, the fund is now helmed by Chief Investment Officer Stephen Yacktman. Changing interest rates may adversely affect the value of an investment. Stephen Yacktman helms the $5.57 billion portfolio that was begun. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Each holding now accounts for roughly 5% of Berkshire's net worth, akin to its weighting long ago. The Fund is subject to risks associated with investments in small-capitalization companies, such as erratic earnings patterns, competitive conditions, limited earnings history and a reliance on one or a limited number of products. Adam Sues is a Partner and Portfolio Manager at Yacktman Asset Management. He thought shed receive the clot-busting drug tPA in the hospital and be released she was only 30 years old, after all. Please click OK below to leave the AMG Funds site and proceed to the The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. https://shareholders.morningstar.com/investor-relations/governance/ ComplianceDisclosure/default.aspx. Yacktman Asset Management is a boutique investment advisory firm that has a history of serving long-term-oriented investors. SmartAssets He has also been co-manager of the Yacktman Focused Fund Security Selection Only since its inception. Access to ADV forms, account maintenance, and applications, Access to distributions, tax resources, and form 8937, Media Coverage | YACKTMAN ASSET MANAGEMENT, | Stephen A. Yacktman, Jason S. Subotky, Adam P. Sues. During this presentation, the Yacktman Asset Management team discussed quarterly updates to the AMG Yacktman Fund (YACKX) and the AMG Yacktman Focused Fund (YAFFX, YAFIX). Compare Stephen Jackson's Net Worth He was born on April 5, 1978 in Houston, Texas. Current performance may be lower or higher than the performance data quoted. Whats also exceptional is Yacktmans dedication to his family. It also led to the Board at Yacktman doubting the interests of Don and Stephen Yacktman, followed by an . 10. Could Chinese Equities Stage a Strong Comeback in 2023? View your account balance and transaction history. Purchase or redeem shares. Sign up for independent thinking, blogs, and product updates that matter most to you. Yacktman Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Seven years ago Yacktman moved to Austin, but not just to get away from the groupthink. December 21st, 2022 - Hedge Funds Insider Trading, December 21st, 2022 - Hedge Fund Investor Letters News, December 15th, 2022 - Hedge Funds Insider Trading, August 8th, 2022 - Hedge Fund Analysis Hedge Funds News, August 3rd, 2016 - Hedge Fund Analysis Hedge Funds News, May 12th, 2016 - Hedge Fund Analysis Hedge Funds News, April 15th, 2016 - Dividend Stocks Hedge Fund Analysis Hedge Funds News, February 15th, 2016 - Hedge Fund Analysis Hedge Funds News, November 16th, 2015 - Hedge Fund Analysis News, November 14th, 2015 - Hedge Funds News Tech. Here's an update on the fund's moves in Q3 2021. The spectacular returns and conservative approach have attracted new money a lot of new money to Yacktmans funds. Tracing its history back to 1946, Montrusco Bolton Investments Inc. is a private investment management firm. Billionaire investing legend Donald Yacktmanis increasingly pulling money out ofU.S. equities. Each of his children can tell a story about his frugality. Theres an industrial-size kitchen and a gleaming lobby entrance. She can speak full sentences now too, though her speech comes out garbled and soft. Founded in 1982, Pantheon is a leading global private equity fund investor, managing private equity funds and separate account programs for investors around the world. Construction is still under way Steve and the firms other partner, Jason Subotky, designed it but its already obvious that this is a different place from the modest space two floors below. Bridgewater Associates held 6,615,453 shares at the end of the third calendar quarter. Steve slaved away as an analyst at his fathers firm for years, learning how businesses juiced earnings at the same time he learned the tenets of value investing. information posted to third party web sites. Yacktman Asset Management is an Austin, Texas-based investment firm with a focus on value equity investing. As the exclusive distribution arm of AMG, we are your single point of access for mutual funds and separately managed accounts from our independent investment managers. AMG Funds provides access to a wide array of separate account strategies managed by a number of AMG's Affiliate investment managers. He answers his phone himself. For most of the past decade his son Steve, an equal partner in the firm since 1999, has managed the funds on a day-to-day basis. Their approach has been honed by a team who has worked together for more than two decades, resulting in a unifying investment philosophy of concentrated, long-term investing focused on intrinsic business value growth. choosing a financial advisor. The focus is on identifying good quality, sustainable businesses and remaining patient to buy into these companies at the right entry point in order to achieve long term real returns. Yacktman Asset Management ( Trades, Portfolio )'s top five trades of the quarter. He was named "Portfolio Manager of The Year" by Morningstar in 1991, and before founding his firm, he worked at Selected Financial Services and Stein Roe & Farnham. (See a video of Jennys recovery.) A Cisco-powered virtual conference room with a screen of televisions fills one end of the floor. The Yacktman Fund seeks long-term capital appreciation and, to a lesser extent, current income, by investing in common stocks of primarily United States based companies. As its assets have skyrocketed, so has client demand to meet the father-and-son duo. Not surprisingly, the new digs dont sit so well with Don, who considers it a point of pride for a value investor to work out of spartan offices. Access your AMG Funds account. Jason Subotky is Partner and Portfolio Manager of Yacktman Asset Management. But nothing prepared him for this. The firm manages both funds and segregated portfolios for institutional and retail investors globally. Related News Brian Yacktman and Elliott Savage: the Network . Yacktman Asset Management, an investment management firm, released its Yacktman Fund Q3 2022 investor letter. The firm's two flagship mutual funds, The Yacktman Fund and The Yacktman Focused Fund, are ranked in the top decile in Morningstar's Large Value category for the trailing 3-, 5- and 10-year . As of 12/31/2022. Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. FORTUNE may receive compensation for some links to products and services on this website. View your account balance and transaction history. Top 10 Holdings (3/31/2008) Fund Facts (3/31/2008) A copy of the same can bedownloaded here. In 2006 he was named Co-Chief Investment Officer and Senior Vice President of Yacktman Asset Management. For performance information through the most recent month end please call 800.548.4539. The fund may invest up to 30% of its assets in foreign . He speaks softly and keeps his head down. She has financial resources, a loving family, and a young body. Companies that are in similar businesses may be similarly affected by particular economic or market events; to the extent the Fund has substantial holdings within a particular sector, the risks associated with that sector increase. Beiersdorf AG has a market cap of $23.74 billion; its shares were traded around $21.01 with a price-earnings ratio of 29.16 and price-sales ratio of 2.94. Past performance is not a guarantee of future results. After his funds thrived in the aftermath of the dotcom bust, when Yacktman was gaining national attention, he was going through some of the darkest moments of his life. When the bankers press him for investing tips, Yacktman first cracks a corny joke the secrets in the sauce, he says, passing a cup of barbecue sauce then tells them its simple: He waits to buy great companies when theyre down and rides them until they recover, which great companies almost always do. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. are not responsible for its accuracy. Effective June 30, 2020, the Yacktman Funds primary and secondary benchmarks were changed to the Russell 1000 Value Index becoming the primary benchmark and S&P 500 Index the secondary benchmark from the S&P 500 Index as the primary benchmark and the Russell 1000 Value Index as the secondary benchmark previously. He is a member of the Management Committee of the firm. Answer a few questions andget matched with an advisor. MORE:Why youre right to be obsessed with Apple stock. The S&P 500 is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly traded common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market. After prescient bets on beat-up stocks like Viacom and News Corp., the fund skyrocketed 99% from the end of 2008 through mid-November, scorching 98% of competitors as well as the overall market. The sector allocation chart represents sectors at least 5%. River Road Asset Management was established in 2005 and provides institutional separate account and investment sub-advisory services to a broad range of domestic and international clients. The performance data shown represents past performance. MORE: It was an ugly drive, he recalls. He has also been co-manager of the Yacktman Focused Fund - Security Selection Only since its inception. But she has plenty of support. Hes been transferring control of the funds to his second-oldest son, Steve, 42. status, investment goals and advisor preferences, which are all important topics to consider when Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. AMG Products from this firm YACKX Tweedy, Browne Company LLC is a leading practitioner of the value-oriented investment approach using methodology that derives directly from the work of the legendary Benjamin Graham, professor of investments at Columbia Business School, a professional investor, co-author of Security Analysis and author of The Intelligent Investor. The views expressed represent the opinions of AMG Funds LLC and are not intended as a forecast or guarantee of future results. In this article, we discuss the 10 dividend stocks to buy according to Donald Yacktman's hedge fund. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data in the aforementioned profile. He graduated from Brigham Young University with an economics degree and MBA. FINRA. The firms equity strategies use bottom-up, fundamental research to invest in high-quality companies trading at discounts to their business value. Yacktman believes this approach combines the best features of growth and value investing. The stocks first-quarter share price averaged $1,120. His record since the middle of the financial crisis is even more impressive. (which will reduce returns). The fund gained 2,693,333 shares of Fox Corp., occupying 1.73% of the portfolio. Comanagers Stephen Yacktman and Jason Subotky are not strict value investors, but they are very valuation-conscious. Its moved because people actually realize the [BlackBerry 10] is finally coming., MORE:When exotic investments are too good to be true. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. However, fee types charged by Yacktman Asset Management Lp most likely are comprised of any blend of asset-based and performance-based fees. Meeting Yacktman is a lesson in humility he acts more like a church bishop (which he was, incidentally, at his Mormon congregation) than a multibillion-dollar investing star. See our most recent investment and planning ideas. Such opportunities do not always occur in correlation with overall market performance trends. Alphabet Inc. has a market cap of $861.15 billion; its shares were traded around $1,236.34 with a price-earnings ratio of 28.41 and price-sales ratio of 6.60. During the past decade his flagship Yacktman Fund (YACKX) has returned 10.5% a year, almost double the S&P 500s return, while his more concentrated Yacktman Focused Fund (YAFFX) has returned 11%. Could Chinese Equities Stage a Strong Comeback in 2023? The Fund is subject to risks associated with investments in mid-capitalization companies such as greater price volatility, lower trading volume, and less liquidity than the stocks of larger, more established companies. Such opportunities do not always occur in correlation with overall market performance trends. . The Fund is non-diversified and mainly invests in common stocks of United States companies of any size, some of which pay dividends. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. It handles $18 billion in assets across its 780 accounts, making it one of the largest investment advisory firms in the nation by assets under management. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. All rights reserved. no special treatment or consideration in SmartAssets profiles. River Road Asset Management was established in 2005 and provides institutional separate account and investment sub-advisory services to a broad range of domestic and international clients. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. All Rights Reserved. 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