Stephen Yacktman Yacktman Asset Management
Stephen Yacktman is a senior portfolio manager at Yacktman Asset Management, continuing a value-oriented tradition associated with the Yacktman name. The firm is known for focusing on high-quality businesses purchased at sensible prices and for a long-term ownership mindset. Its funds and separate accounts are widely followed in the U.S. value community.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$484M |
| 2 |
Procter & Gamble
PG
|
+$135M |
| 3 |
AVP
Avon Products, Inc.
AVP
|
+$29.6M |
| 4 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$2.08M |
| 5 |
Walmart Inc
WMT
|
+$1.51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$490M |
| 2 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$131M |
| 3 |
PepsiCo
PEP
|
+$130M |
| 4 |
Stryker
SYK
|
+$115M |
| 5 |
Bank of America
BAC
|
+$97.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 38.31% |
| 2 | Technology | 17.64% |
| 3 | Healthcare | 14.3% |
| 4 | Communication Services | 12.22% |
| 5 | Financials | 5.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Wells Fargo
WFC
$254B
| $224M | 0.91% |
4,257,755
-495,994
| -10% | -$24.9M |
|
27
Becton Dickinson
BDX
$52.3B
| $154M | 0.63% |
1,336,834
+3,846
| +0.3% | +$436K |
|
28
State Street
STT
$51.4B
| $150M | 0.61% |
2,224,500
-5,000
| -0.2% | -$329K |
|
|
PDCO
29
DELISTED
Patterson Companies, Inc.
PDCO
| $120M | 0.49% |
3,042,000
+25,000
| +0.8% | +$1.01M |
|
|
APOL
30
DELISTED
Apollo Education Group Inc Class A
APOL
| $117M | 0.48% |
3,752,372
-49,963
| -1% | -$1.44M |
|
31
HP
HPQ
$27.2B
| $113M | 0.46% |
7,406,660
-1,536,276
| -17% | -$23.1M |
|
32
Colgate-Palmolive
CL
$72.6B
| $105M | 0.43% |
1,535,000
+10,000
| +0.7% | +$670K |
|
33
Corning
GLW
$129B
| $99.1M | 0.4% |
4,513,066
-2,770,795
| -38% | -$58.8M |
|
|
QVCGA
34
DELISTED
QVC Group Inc Series A
QVCGA
| $86.4M | 0.35% |
71,618
| – | – |
|
35
Intel
INTC
$476B
| $81.4M | 0.33% |
2,635,000
+20,000
| +0.8% | +$548K |
|
36
Goldman Sachs
GS
$303B
| $67.5M | 0.27% |
403,000
| – | – |
|
|
MZTI
37
The Marzetti Company
MZTI
$3.06B
| $50M | 0.2% |
525,000
| – | – |
|
38
Northern Trust
NTRS
$33.6B
| $35.7M | 0.15% |
555,700
| – | – |
|
|
SPLS
39
DELISTED
Staples Inc
SPLS
| $24.7M | 0.1% |
2,275,000
| – | – |
|
|
REXI
40
DELISTED
RESOURCE AMERICA INC CL-A
REXI
| $12.7M | 0.05% |
1,360,076
-99,400
| -7% | -$865K |
|
41
Berkshire Hathaway Class A
BRK.A
$1.06T
| $5.7M | 0.02% |
30
| – | – |
|
42
Philip Morris
PM
$293B
| $2.5M | 0.01% |
29,689
| – | – |
|
|
43
Berkshire Hathaway Class B
BRK.B
$1.06T
| $2.04M | 0.01% |
16,079
| – | – |
|
44
The Bancorp
TBBK
$2.74B
| $1.92M | 0.01% |
161,050
-33,400
| -17% | -$520K |
|
45
Altria Group
MO
$110B
| $1.11M | ﹤0.01% |
26,400
| – | – |
|
|
46
Bank of America
BAC
$431B
| – | – |
-5,670,000
| Closed | -$97.5M |
|
|
COV
47
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| – | – |
-1,784,825
| Closed | -$131M |
|
Similar funds
Stephen Yacktman's Q2 2014 Portfolio in Review
As of Q2 2014, Stephen Yacktman held 49 positions worth $24.6B, up 2.5% from $24B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Stephen Yacktman's Q2 2014 filing shows 2 new, 14 increased, 22 reduced and 2 closed positions. The largest sale was Twenty-First Century Fox, Inc. Class A, an estimated $490M.
By sector, the portfolio is most concentrated in Consumer Staples at 38% of assets, up from 38% a quarter earlier, followed by Technology and Healthcare.
- Stephen Yacktman added most to Twenty-First Century Fox, Inc. Class B in Q2 2014, an estimated $484M increase.
- Stephen Yacktman's biggest Q2 2014 reduction was Twenty-First Century Fox, Inc. Class A, cutting an estimated $490M.
- Stephen Yacktman fully exited COVIDIEN PLC COM SHS NEW (IRELAND) in Q2 2014, selling an estimated $131M.
- Stephen Yacktman's ten largest holdings make up 63% of its $24.6B portfolio in Q2 2014.
- Stephen Yacktman opened 2 new positions and closed 2 in Q2 2014.
- Stephen Yacktman's portfolio value rose 2.5% quarter-over-quarter to $24.6B.
Based on Yacktman Asset Management's 13F filing for Q2 2014, filed 4 Aug 2014.