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. TheYacktman Fundgained seven new positions in the first quarter, though some came from changes in its existing companies. 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. Your browser is not currently supported. Don got the news the next morning on a call from his daughter Melissa. is registered with the U.S. Securities and Exchange Commission as an investment adviser. Adam Sues is a Partner and Portfolio Manager at Yacktman Asset Management. Don wasnt overly worried. The investment seeks long-term capital appreciation and, to a lesser extent, current income. Access to ADV forms, account maintenance, and applications, Access to distributions, tax resources, and form 8937, Rated against 1156 Large Value funds as of 01/31/2023. 2023 Morningstar, Inc. All Rights Reserved. The performance data shown represents past performance. Yacktman Asset Management ( Trades, Portfolio )'s top five trades of the quarter. Portfolio holdings and characteristics are subject to change at any time. Tracing its history back to 1946, Montrusco Bolton Investments Inc. is a private investment management firm. But she has plenty of support. He joined the firm in 2001, having previously worked as a General Partner at Peterschmidt Ventures and as a Vice President at Goldman Sachs. Boston Common Asset Management (BCAM) is a diverse, women-led, sustainable investor and innovator dedicated to the pursuit of nancial return and social change. He just doesnt get rattled in bad markets, says Jeff Auxier, a fellow value-fund manager based in Oregon. Founded in 1967, Beutel, Goodman & Company Ltd. (BG) is an independent value-focused investment manager that serves institutional, private wealth, and retail clients. 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. In 2008 and 2009, when most investors could barely stay afloat, Yacktmans investors realized how profitable the strategy was. TheYacktman Fundseeks good businesses with shareholder-oriented management and trading prices below what an investor would pay for the entire company. you who suit your needs. He doesnt employ anyone to handle public relations. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching This profile may include a firm or advisor that has a business relationship with SmartAsset, in I show that video to my residents every couple of months to emphasize that you have to be very careful about pulling the plug.. Powered and implemented by Interactive Data Managed Solutions. Six of his seven children have followed him from Chicago, where he lived for 38 years, to Austin, where he moved in 2005. He was profoundly impacted by Sinquefield's argument that "active management does not make sense theoretically and isn't justified empirically". Founded in 2014, Jackson Square is an independent, majority employee-owned investment manager specializing in long-only, growth-oriented equity investing. 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. He answers his phone himself. I never want to come across as arrogant, he says from his modest third-floor office in the west hills of Austin, where landscape reprints hang on the walls. The forward dividend yield of Brenntag AG is 2.29%. He is. 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. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. 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. 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 . SmartAssets 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. The Fund seeks long-term capital appreciation and, to a lesser extent, current income by primarily investing in common stocks of U.S. companies. CHIEF INVESTMENT OFFICER, PARTNER, AND PORTFOLIO MANAGER. GW&Ks founding principles of applying rigorous fundamental research, focusing on quality, and maintaining a long-term view still guide its investment process today. So he flew to Atlanta that day for a meeting. The first time I heard I wasnt going to speak, I thought, Yeah, right, Jenny says, sitting in her wheelchair in her expansive living room in Austin with windows looking 20 miles out on the horizon. 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. It should not be assumed that any of the securities transactions discussed were or will prove to be profitable, or that the investment recommendations we make in the future will be profitable. While Don proudly bought a new Honda Accord at Costco, Steve drives a brand-new Cadillac CTS-V, a sedan outfitted with a 560-horsepower Corvette engine. Access your AMG Funds account. Past performance is no guarantee of future results. Yacktman Asset Management is a boutique investment advisory firm that has a history of serving long-term-oriented investors. In this article, we discuss the 10 dividend stocks to buy according to Donald Yacktman's hedge fund. Portfolio management for individuals and/or small businesses, Portfolio management for investment companies, Portfolio management for pooled investment vehicles, Portfolio management for businesses or institutional clients, Percentage of Assets, Performance-based Fees, 6300 Bridgepoint Parkway Building 1 Suite 500. Their team of investment professionals still share the same entrepreneurial spirit which drives the way they serve their institutional clients globally. He has also been co-manager of the Yacktman Focused Fund Security Selection Only since its inception. 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. Austin, Texas (TX), US Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Whats his secret? From 2008 to 2009, the Yacktman Focused Fund was up nearly 25% and the Yacktman Fund increased nearly 18% while the S&P 500 declined more than 20%. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. Jason is a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund and is a member of the Management Committee. The stocks first-quarter share price averaged 43 euros. Take HP, which has seen its stock swoon 50% this year. 56% of rolling five-year periods since Stephen Yacktman's tenure began in December 2002, it . His height is 1.68 m tall, and weight is 70 kg. responsibility for the accuracy or factual correctness of any The firm seeks to make investments in high-quality businesses at low valuations with the goal The Fund is subject to the risks associated with investments in debt securities, such as default risk and fluctuations in the perception of the debtors ability to pay its creditors. Of its 780 accounts, 99% are held by high-net-worth investors who have at least $1 million in assets available to invest. 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 As of 12/31/2022. . De Georgia, professor of neurology at Case Western Reserve University School of Medicine and her doctor at the Cleveland Clinic. This is a BETA experience. According to the latest 13F filing submitted by Mr. The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Funds return during the specified quarter. FORTUNE may receive compensation for some links to products and services on this website. Answer a few questions to get a personalized match. Yacktman Asset Management, an investment management firm, released its Yacktman Fund Q3 2022 investor letter. Our matching tool simplifies the process of finding a financial advisor. 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. Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. View your account balance and transaction history. AMG Funds are distributed by AMG Distributors, Inc., a member of FINRA/SIPC. GuruFocus rated Brenntag AGthe business predictability rank of 4.5-star. Steve was a finalist for Morningstar's Domestic-Stock Manager of the Year award in 2011. Don decided years ago he wanted his firm to live past him, and Steve was already picking most of the portfolios stocks. GuruFocus rated Alphabet Inc.the business predictability rank of 3.5-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. For example, they recently loaded up again on Procter & Gamble, which Steve says is at the tail end of a cycle of contracting margins. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. 10. The Firm seeks to invest in high-quality businesses at low valuations, with the goal of generating outperformance over a full market cycle while managing the level of risk. firm, and financial professionals and firms having business relationships with SmartAsset receive All the while, Don has continued to grow the business, but he has also been facing the reality of his own mortality. The investment return and the principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Theres an industrial-size kitchen and a gleaming lobby entrance. To get all of the top stock picks from Brian Yacktman read the entire 4,288 word interview, exclusively in the Wall Street Transcript. He thinks back to how close he was to losing his daughter. The firm serves both institutional and high-net-worth clients and offers a variety of investment management strategies based upon a foundation of intensive research and disciplined, process-oriented decision making. 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. Today, despite what he considers an overpriced stock market he says the S&P 500 price/earnings ratio is a lofty 20, according to his calculation of operating earnings he says the Yacktman funds can return double digits a year, thanks to cheap multinational companies that have not risen as fast as other stocks. The fund purchased 4,305,280 shares of Beiersdorf AG, giving it 1.62% portfolio weight. compiled from the SEC and Father and son couldnt be more different. A copy of the same can be downloaded here. What Happens When Corporate Earnings Fall? 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