FORTUNE The County Line barbecue joint in Austin is buzzing at lunchtime you can smell the charred red meat half a mile away. 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. Access to ADV forms, account maintenance and applications, Access to distributions, tax resources and form 8937, CityWire Reprint: Yacktman PMs Discuss Their Eclectic Approach to Value. Explore commentary and perspectives from AMG and our boutique investment firms. Top 10 Holdings (3/31/2008) Fund Facts (3/31/2008) 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%. AMG takes a cut of fees but doesnt meddle in operations.). An active, global equity ESG investment manager and a leader in impactful shareowner engagement since its founding in 2003, BCAM is majority women- and employee-owned. 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. Any securities discussed may no longer be held in an accounts portfolio. Discover how the boutique advantage helps generate alpha. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Yacktman Portfolio Manager Adam Sues discusses timeless lessons from an early sales job that informed and inspired his early interest in value investing. Brenntag AG has a market cap of 7.42 billion euros; its shares were traded around 48.00 euros with a price-earnings ratio of 16.05 and price-sales ratio of 0.58. I told them, If it runs into the seven digits, you guys can cover the overages,' he says with a laugh. Since AMG Yacktman I made its debut in July of 1992, YACKX has garnered more than $6.47 billion in assets. Whats shocking is that one of the hottest fund managers today isnt celebrated for his market-trouncing returns the way stars like Ken Heebner and Bill Miller were a few years ago. You dont need to jump in and out of stocks, he tells them. AMG Funds does not endorse this web site, its sponsor, For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. The stocks fourth-quarter share price averaged $1,785. Hes dressed in khakis and wearing a Timex. This approach was developed by River Roads founders and occupies a distinct niche within value investing styles. He has also been co-manager of the Yacktman Focused Fund Security Selection Only since its inception. 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 sector allocation chart represents sectors at least 5%. Current performance may be lower or higher than the performance data quoted. GuruFocus rated Brenntag AGthe business predictability rank of 4.5-star. Fox Corp. has a market cap of $23.95 billion; its shares were traded around $38.84 Wednesday with a price-earnings ratio of 24.92. you who suit your needs. See our most recent investment and planning ideas. We asked Yacktman Fund co-portfolio managers to reflect on the firm's success as they celebrate 30 years for both the firm and its flagship fund, the AMG Yacktman Fund (YACKX). Hedge Fund and Insider Trading News: Steve Cohen, Two Sigma Advisors, Citadel LLC, Bridgewater Associates, Fir Tree Partners, NVIDIA Corporation (NVDA), Erasca Inc (ERAS), and More. The 71-year-old with a broad build and bald pate is thriving in the slumping, post-crisis world of stock mutual funds. He joined Yacktman Asset Management in 1993 as an analyst and has been co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund since 2002. Mr. Sues holds a BA in business administration from Mount Union College and an MBA from the University of North Carolina Kenan-Flagler Business School. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. responsibility for the accuracy or factual correctness of any It also may invest in foreign equity securities, including emerging market securities, and debt securities. The Yacktman Fund boosted its Microsoft ( MSFT) - Get Free Report stake by 1.7 million shares in the second quarter, bringing its total holdings to 10.6 million shares, or 5.1% of the fund,. GW&Ks founding principles of applying rigorous fundamental research, focusing on quality, and maintaining a long-term view still guide its investment process today. Yacktman believes this approach combines the best features of growth and value investing. To report any data inconsistencies or errors, please contact According to the latest 13F filing submitted by Mr. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. The Fund seeks to generate equity-like rates of return over a full market cycle while managing the level of risk. information posted to third party web sites. In 2008 and 2009, when most investors could barely stay afloat, Yacktmans investors realized how profitable the strategy was. Please click OK below to leave the AMG Funds site and proceed to the In 1992, Matson attended a debate between the renowned portfolio manager Donald Yacktman and little known economist Rex Sinquefield on the merits of passive management vs. active management. Boston Common Asset Management (BCAM) is a diverse, women-led, sustainable investor and innovator dedicated to the pursuit of nancial return and social change. Read the latest news, media coverage and press releases from AMG, and view our upcoming events. Career Upon getting his degree from the university, Easterbrook worked as a trainee accountant with Price Waterhouse. For example, they recently loaded up again on Procter & Gamble, which Steve says is at the tail end of a cycle of contracting margins. The two funds have pulled in $12.9 billion since 2008, Morningstar estimates more than all but one other stock fund, a BlackRock dividend fund. He thinks back to how close he was to losing his daughter. (which will reduce returns). The trailing 12-month dividend yield of The Walt Disney Co. is 1.30%. Stephen Yacktman was nominated for Morningstar's Domestic Stock Fund Manager of the Year - 2011. . The firms equity strategies use bottom-up, fundamental research to invest in high-quality companies trading at discounts to their business value. The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Groups expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund. You are now leaving the AMG Funds web site: Fundamental Rule Of Thumb Strategy Screen Still Valid In Todays Market, Heres Why, These U.S.-Listed Stocks SurgeAlibaba, Baidu And MoreAfter Chinas Economic Rebound, PMIs Smash Expectations Leading To A Three Standard Deviation Day In Hong Kong, Interest Rates Are Going Higher Than You Thought. Click here to view Index Definitions. She has financial resources, a loving family, and a young body. His son Brian, 33, remembers Don hiring him out of business school for $35,000 less than the going rate for MBAs. Our matching tool has connected more individuals with financial advisors With approximately $17 billionof assets under management, Yacktman is a highly-regarded investment manager specializing in large-cap equities through a unique, value-oriented approach. 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 Lp is a financial advisory company that has its headquarters in Austin, Texas. The fund purchased 100,000 shares of Alphabet Inc., giving it 2.11% portfolio weight. At first quarter-end, it held 35 stocks valued at $5.57 billion. Seven months later her tubes were removed. Returns for periods less than one year are not annualized. Sorry, no results has been found matching your query. Frontier Capital Management Company, LLC specializes in growth and value equity investments on behalf of institutional and individual clients. The Yacktman Fund gained seven new positions in the first quarter, though some came from changes in its existing companies. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Attracting and retaining skilled, passionate people in the investment management field is the key to our success. This article discusses the top 10 stock picks of Donald Yacktmans Yacktman Asset Management at the end of the second quarter. Stephen Yacktman helms the $5.57 billion portfolio that was begun by legendary investor Donald [+] Yacktman. Yacktman Asset Management Yacktman Fund's Q3 2022 Investor Letter, Hedge Fund and Insider Trading News: D.E. Mr. Yacktman: Assets at the end of the most recent quarter were in excess of $11 billion for AMG Yacktman Focused Fund and $13 billion for AMG Yacktman Fund. GuruFocus rated Beiersdorf AGthe business predictability rank of 2-star. profile-compliance@smartasset.com. geography, and willingness to work with a remote advisor). Download or order product information and regulatory documents. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. Yacktman Asset Management, an investment management firm, released its Yacktman Fund Q3 2022 investor letter. It is a subjective evaluation performed by Morningstars manager research group, which consists of various Morningstar, Inc. subsidiaries (Manager Research Group). His daughter Melissa, 35, recalls working for him during summer breaks, when lunchtime included inviting the passing homeless man to eat. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Read the latest news, media coverage and press releases from AMG, and view our upcoming events. Consumer defensive stocks occupied the greatest space at 30.83% of the portfolio, followed by technology at 27.92% and consumer cyclical at 10.36%. This is a BETA experience. business relationships that might exist between SmartAsset and the named financial professional and Wall Street experts where to make money in 2013. Top Ten Holdings: Mention of a specific security should not be considered a recommendation to buy or solicitation to sell that security. It was an ugly drive, he recalls. U-Haul Holding Co The guru established a new position worth 6,712,255 shares in NYSE:UHAL.B, giving the stock a 3.68% weight in the equity portfolio. an Adviser or provide advice regarding specific investments. 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 Both current and future portfolio holdings are subject to risk. 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. 56% of rolling five-year periods since Stephen Yacktman's tenure began in December 2002, it . All rights reserved. FINRA. Yacktman owned conservative names like P&G heading into the crisis. 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. His height is 1.68 m tall, and weight is 70 kg. The Fund seeks long-term capital appreciation through an intrinsic value-oriented investment approach. Stephen Yacktman Start Date Tenure Tenure Rank Dec 31, 2002 19.43 19.4% Mr. Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Jason is a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund and is a member of the Management Committee. Our matching tool simplifies the process of finding a financial advisor. 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. 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. GuruFocus rated Booking Holdings Inc.the business predictability rank of 3.5-star. BCAM is headquartered in Boston, with offices in San Francisco. Find out more below. TheYacktman Fundgained seven new positions in the first quarter, though some came from changes in its existing companies. Stephen Malkmus net worth: Stephen Malkmus is an American musician and singer who has a net worth of $5 million. The fund invests primarily in domestic equity securities. Her blood vessels were unusually narrow, and the doctors at Community Hospital North in Indianapolis, where Jenny and her family lived, said her brain was swelling so quickly that she would eventually die. is registered with the U.S. Securities and Exchange Commission as an investment adviser. Shares traded for an average price of $57.91 during the quarter. FORTUNE may receive compensation for some links to products and services on this website. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. The doctor told Mark she had two choices: have her feeding tube removed and eventually die, or live with an uncertain future. Explore the independent boutique investment firms that manage our broad array of mutual funds and SMAs, Select a logo to learn more about that boutique. Harding Loevner manages global and non-U.S. equity portfolios following a consistent philosophy focused on long-term investment in growing companies with high-quality fundamentals. Explore client engagement resources, advisor focused insights, and expert views from our affiliates. Fidelity National Information Services (FIS.N) on Thursday said it will undertake a strategic review and add a new director to its board after pressure from hedge fund D.E. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. During the past decade his flagship Yacktman Fund (YACKX) has returned 10.5%. Past performance is not a guarantee of future results. The firm was founded upon a proprietary Absolute Value investment discipline. Two months after the stroke, she returned home from the hospital. The firm reported on Wednesday that its portfolio welcomed: The Walt Disney Co., Booking Holdings Inc., Brenntag AG, Alphabet Inc., Fox Corp., Beiersdorf AG and Fox Corp. Fox Corp. and The Walt Disney Co. came into the portfolio when the funds previous holding, Twenty-First Century Fox, sold many of its assets to Disney in the first quarter. Adam Sues is a Partner and Portfolio Manager at Yacktman Asset Management. Morningstar Rating is for the share class indicated only (see ticker); other share classes may have different performance characteristics. He is currently the #5 rated hedge fund manager in the TipRanks database, with a portfolio valued over $8. GW&K Investment Management is a dynamic investment management firm that offers asset allocation, active equity, and fixed income investment solutions to help meet the needs of a diverse client base. Since Inception 07/06/1992 to 01/31/2023 = $207,408.21. Tracing its history back to 1946, Montrusco Bolton Investments Inc. is a private investment management firm. He founded Yacktman Asset Management in 1993, and has steered the company ever since. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. All rights reserved. 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. Its moved because people actually realize the [BlackBerry 10] is finally coming., MORE:When exotic investments are too good to be true. no special treatment or consideration in SmartAssets profiles. In this article, we discuss the 10 dividend stocks to buy according to Donald Yacktman's hedge fund. 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. 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). Future Holdings Risk: Any sectors, industries or securities discussed should not be perceived as investment recommendations. The firm strives to achieve solid risk-adjusted returns over time. The views expressed represent the opinions of AMG Funds LLC and are not intended as a forecast or guarantee of future results. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. Financial management fee schedules usually vary depending on which service is offered. She was in a locked-in state having full function of her brain but not being able to move much like Jean-Dominique Bauby, whose condition became the subject of the film The Diving Bell and the Butterfly. TimesSquare is a growth equity specialist. Investment Strategy. The trailing 12-month dividend yield of Beiersdorf AG is 0.79%. Fox Corp. has a market cap of $23.91 billion; its shares were traded around $38.21 with a price-earnings ratio of 24.86. 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stephen yacktman net worth