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
|
+$139M |
| 2 |
Oracle
ORCL
|
+$130M |
| 3 |
Procter & Gamble
PG
|
+$61.5M |
| 4 |
VIAB
Viacom Inc. Class B
VIAB
|
+$2.08M |
| 5 |
America's Car Mart
CRMT
|
+$1.06M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PepsiCo
PEP
|
+$211M |
| 2 |
Microsoft
MSFT
|
+$210M |
| 3 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$124M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$88.5M |
| 5 |
Clorox
CLX
|
+$86M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 39.09% |
| 2 | Technology | 18.07% |
| 3 | Healthcare | 13.89% |
| 4 | Communication Services | 12.15% |
| 5 | Financials | 5.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
State Street
STT
$51.4B
| $164M | 0.68% |
2,224,500
| – | – |
|
27
Becton Dickinson
BDX
$52.3B
| $148M | 0.62% |
1,336,186
-648
| -0% | -$73.9K |
|
28
Wells Fargo
WFC
$254B
| $146M | 0.61% |
2,805,725
-1,452,030
| -34% | -$74.7M |
|
|
PDCO
29
DELISTED
Patterson Companies, Inc.
PDCO
| $126M | 0.53% |
3,047,000
+5,000
| +0.2% | +$200K |
|
30
HP
HPQ
$27.2B
| $119M | 0.5% |
7,388,082
-18,578
| -0.3% | -$301K |
|
31
Colgate-Palmolive
CL
$72.6B
| $100M | 0.42% |
1,540,000
+5,000
| +0.3% | +$330K |
|
32
Intel
INTC
$476B
| $91.9M | 0.38% |
2,640,000
+5,000
| +0.2% | +$169K |
|
33
Corning
GLW
$129B
| $87.1M | 0.36% |
4,501,907
-11,159
| -0.2% | -$233K |
|
|
QVCGA
34
DELISTED
QVC Group Inc Series A
QVCGA
| $83.9M | 0.35% |
71,618
| – | – |
|
35
Goldman Sachs
GS
$303B
| $74M | 0.31% |
403,000
| – | – |
|
|
APOL
36
DELISTED
Apollo Education Group Inc Class A
APOL
| $60.7M | 0.25% |
2,412,959
-1,339,413
| -36% | -$37.3M |
|
|
MZTI
37
The Marzetti Company
MZTI
$3.06B
| $44.8M | 0.19% |
525,000
| – | – |
|
|
SPLS
38
DELISTED
Staples Inc
SPLS
| $27.5M | 0.11% |
2,275,000
| – | – |
|
|
REXI
39
DELISTED
RESOURCE AMERICA INC CL-A
REXI
| $9.05M | 0.04% |
972,176
-387,900
| -29% | -$3.65M |
|
40
Berkshire Hathaway Class A
BRK.A
$1.06T
| $6.21M | 0.03% |
30
| – | – |
|
41
Philip Morris
PM
$293B
| $2.48M | 0.01% |
29,689
| – | – |
|
|
42
Berkshire Hathaway Class B
BRK.B
$1.06T
| $2.22M | 0.01% |
16,079
| – | – |
|
43
The Bancorp
TBBK
$2.74B
| $1.38M | 0.01% |
161,050
| – | – |
|
44
Altria Group
MO
$110B
| $1.21M | 0.01% |
26,400
| – | – |
|
|
45
America's Car Mart
CRMT
$20.6M
| $1.05M | ﹤0.01% |
+26,500
| New | +$1.06M |
|
|
MOCO
46
DELISTED
Mocon Inc
MOCO
| $557K | ﹤0.01% |
+37,300
| New | +$581K |
|
47
Valmont Industries
VMI
$9.38B
| $492K | ﹤0.01% |
+3,650
| New | +$524K |
|
|
DWA
48
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $222K | ﹤0.01% |
+8,150
| New | +$182K |
|
|
MSO
49
DELISTED
MARTHA STEWART LIVING OMNIMEDIA INC
MSO
| $158K | ﹤0.01% |
+44,000
| New | +$194K |
|
50
Northern Trust
NTRS
$33.6B
| – | – |
-555,700
| Closed | -$35.7M |
|
Similar funds
Stephen Yacktman's Q3 2014 Portfolio in Review
As of Q3 2014, Stephen Yacktman held 53 positions worth $24B, down 2.6% from $24.6B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Stephen Yacktman withdrew a net $892M in Q3 2014, closing 2 positions and reducing 26 holdings. Its most notable exit was Northern Trust, an estimated $35.7M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 39% of assets, up from 38% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Stephen Yacktman opened a new position in America's Car Mart worth $1.05M.
- Stephen Yacktman's largest Q3 2014 buy was America's Car Mart: 26,500 shares worth $1.05M.
- Stephen Yacktman added most to Twenty-First Century Fox, Inc. Class B in Q3 2014, an estimated $139M increase.
- Stephen Yacktman's biggest Q3 2014 reduction was PepsiCo, cutting an estimated $211M.
- Stephen Yacktman fully exited Northern Trust in Q3 2014, selling an estimated $35.7M.
- Stephen Yacktman's ten largest holdings make up 65% of its $24B portfolio in Q3 2014.
- Stephen Yacktman opened 6 new positions and closed 2 in Q3 2014.
- Stephen Yacktman's portfolio value fell 2.6% quarter-over-quarter to $24B.
Based on Yacktman Asset Management's 13F filing for Q3 2014, filed 4 Nov 2014.