Our matching tool has connected more individuals with financial advisors According to Yacktman Asset Management's last two 13F filings, the value of its 13F portfolio dropped by 14% to $9.64 billion at the end of June from $11.2 billion at the end of the first . Founded by investor Donald Yacktman, the fund is now helmed by Chief Investment Officer Stephen Yacktman. Yacktman Fund is categorized as Large-Blend. The funds bought a lot of shares near $7 over the past few months. The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Funds return during the specified quarter. AMG Funds takes no GuruFocus rated Beiersdorf AGthe business predictability rank of 2-star. Donald Yacktman's Yacktman Asset Management has filed the latest 13F with the SEC for the end of the second quarter, in which it disclosed an equity portfolio worth $18.74 billion, down from. Copyright 2023 AMG Funds LLC. Comanagers Stephen Yacktman and Jason Subotky are not strict value investors, but they are very valuation-conscious. Yacktman's 13F equity portfolio value increased from $10.31B to $10.40B this quarter. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. He joined the firm in 2001, having previously worked as a General Partner at Peterschmidt Ventures and as a Vice President at Goldman Sachs. View your account balance and transaction history. Don, his wife, and almost their entire family are nearby. 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. In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. But she has plenty of support. Founded in 1967, Beutel, Goodman & Company Ltd. (BG) is an independent value-focused investment manager that serves institutional, private wealth, and retail clients. Yacktman Asset Management, managed by the well-respected Donald Yacktman, was founded in 1992. The matching tool does not include On July 25, Don Yacktman announced that his son, Stephen Yacktman, had taken over as sole chief investment officer of Yacktman Asset Management, the subadvisor to Gold-rated Yacktman (. The fund is currently managed by Stephen Yacktman who has been in charge of the fund. business relationships that might exist between SmartAsset and the named financial professional and The firms equity strategies use bottom-up, fundamental research to invest in high-quality companies trading at discounts to their business value. 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). Future Holdings Risk: Any sectors, industries or securities discussed should not be perceived as investment recommendations. 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 Shares traded for an average price of $57.91 during the quarter. September 12th, 2022| Stephen A. Yacktman, Jason S. Subotky, Adam P. Sues. This website is designed for display in modern browsers. This is not an offer to buy or sell any security or interest. compiled from the SEC and The issuers of the Funds holdings may be involved in bankruptcy proceedings, reorganizations, or financial restructurings, and are not as strong financially as higher-rated issuers. Don marched out to the garage to save it. Mr. Subotky received a Bachelor of Music from the University of Southern California and an MBA from Brigham Young University. Two months after the stroke, she returned home from the hospital. But he sized down the position because of shoddy management, which actually, unfortunately, fulfilled on all our wildest expectations and then exceeded them, he says. Age, Height, and Weight Being born on 6 August 1967, Steve Easterbrook is 55 years old as of today's date 28th February 2023. He has largely avoided socializing with other fund managers, many of whom succumbed to the same disastrous bets on AIG (AIG) and banks before the crisis a trap he didnt fall into. The fund purchased 4,305,280 shares of Beiersdorf AG, giving it 1.62% portfolio weight. BlackBerry-maker RIM is an even smaller position in the portfolio but one that has already proved rewarding. status, investment goals and advisor preferences, which are all important topics to consider when in the aforementioned profile. Heres Why, 3 Surging Dividends You Do Not Want To Miss Out On, United Parcel Service A Top Socially Responsible Dividend Stock With 3.5% Yield, What To Look For In The February Consumer Price Inflation Numbers, Student Debt Snafu Shows The Danger Of Blending Public Good And Profit. Reliance on in-depth, research-driven strategies has historically produced strong results across products and market cycles. AMG Funds provides access to a wide array of separate account strategies managed by a number of AMG's Affiliate investment managers. 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. Brenntag AG had an annual average earnings growth of 3.80% over the past 10 years. The spectacular returns and conservative approach have attracted new money a lot of new money to Yacktmans funds. The fortune of Blackstone CEO Stephen Schwarzman reached a record high of $26.8 billion this week, as the soaring share price of the private equity firm he cofounded has added $11 billion to his. The forward dividend yield of Beiersdorf AG is 0.76%. The doctor offered a mixed prognosis: Jenny would live after stabilizing, and the swelling was receding, so she didnt have to worry about any future brain damage. services are limited to referring users to third party advisers registered or chartered as fiduciaries See our most recent investment and planning ideas. The Fund invests in value stocks, which may perform differently from the market as a whole and may be undervalued by the market for a long period of time. It also led to the Board at Yacktman doubting the interests of Don and Stephen Yacktman, followed by an . PG 15 . 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. 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). Yacktman Portfolio Manager Adam Sues discusses timeless lessons from an early sales job that informed and inspired his early interest in value investing. 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. This approach was developed by River Roads founders and occupies a distinct niche within value investing styles. Download or order product information and regulatory documents. Seven years ago Yacktman moved to Austin, but not just to get away from the groupthink. 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. Find contact's direct phone number, email address, work history, and more. An increase in interest rates typically causes the value of bonds and other fixed income securities to fall. Find out more below. Stephen Jackson played college basketball at Butler Community College from 1996 until 1997. Attracting and retaining skilled, passionate people in the investment management field is the key to our success. In 2004, his daughter Jenny suffered a stroke at age 30. But nothing prepared him for this. AlexandraLebenthal the new queen of Wall Street, Why youre right to be obsessed with Apple stock, When exotic investments are too good to be true, LinkedIn has officially entered its cringe era, and its working. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. AMG Products from this firm YACKX It invests in large-cap companies with medium risk. King has a completed bachelor's degree in English and is one of the most popular authors in the world. For more detailed information about Morningstars Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/ ComplianceDisclosure/default.aspx. Such opportunities do not always occur in correlation with overall market performance trends. Current performance may be lower or higher than the performance data quoted. 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. Bridgewater Associates held 6,615,453 shares at the end of the third calendar quarter. Perf ormance (9/30/09*) This isnt Warren Buffett holding court at Piccolo Petes, but its close. you who suit your needs. The performance data shown represents past performance. He is co-portfolio manager of the AMG Yacktman Funds and chief investment officer of Yacktman Asset Management. 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. Access your AMG Funds account. 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. 7,745 views Unrated Categories Buildings > Homes - Celebrity - Business Comments Policies AMG Funds are distributed by AMG Distributors, Inc., a member of FINRA/SIPC. which SmartAsset is compensated for lead referrals. She heard him weep for the first time. High-yield bonds (also known as junk bonds) may be subject to greater levels of interest rate, credit, and liquidity risk than investments in higher rated securities. Yacktman Asset Management is a boutique investment advisory firm that has a history of serving long-term-oriented investors. GW&Ks founding principles of applying rigorous fundamental research, focusing on quality, and maintaining a long-term view still guide its investment process today. His record since the middle of the financial crisis is even more impressive. Don wasnt overly worried. 2023 Fortune Media IP Limited. Jason Subotky and Adam Sues discuss their eclectic approach to value and how they manage their storied fund. Between improving margins, earnings growth, and its 3% dividend, the stock can generate double-digit returns over the next five years, Steve believes. AMG Yacktman Global N 8.5 10. # 39 Stephen Schwarzman $31.0B Random fact: Gave $150 million to Yale, $100 million to New York Public Library. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, Purchase or redeem shares. CHIEF INVESTMENT OFFICER, PARTNER, AND PORTFOLIO MANAGER. 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. Reliance on in-depth, research-driven strategies has historically produced strong results across products and market cycles. 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. There Wasnt One Today! firm, and financial professionals and firms having business relationships with SmartAsset receive A lot of shares near $ 7 over the past few months value how. 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