See our most recent investment and planning ideas. Heptagon Yacktman U.S. Equity. AMG Yacktman Global N 8.5 10. selected site. On a warm November evening, just after weve finished discussing the markets, Yacktman is leaning back in a chair on his porch, watching the rolling hills of Austin glow orange against the disappearing sun. He thinks back to how close he was to losing his daughter. FORTUNE may receive compensation for some links to products and services on this website. SmartAssets The Fund seeks to generate equity-like rates of return over a full market cycle while managing the level of risk. The firms equity strategies use bottom-up, fundamental research to invest in high-quality companies trading at discounts to their business value. It is a subjective evaluation performed by Morningstars manager research group, which consists of various Morningstar, Inc. subsidiaries (Manager Research Group). Reliance on in-depth, research-driven strategies has historically produced strong results across products and market cycles. An increase in interest rates typically causes the value of bonds and other fixed income securities to fall. The fund purchased 2.305 million shares of Brenntag AG, giving it 2.13% portfolio weight. This is a BETA experience. When they purchase stocks, they generally search for companies they believe to possess one or more of the following three attributes: Shareholder-Oriented Management Dr. De Georgia says that as impressive as her progress has been, Jenny can still recover much more. The fund may invest up to 30% of its assets in foreign . A mother with three young children, she was initially given 24 hours to live, then the choice to end her life, then the prognosis that she would never move her body again. Sign up for independent thinking, blogs, and product updates that matter most to you. The 71-year-old with a broad build and bald pate is thriving in the slumping, post-crisis world of stock mutual funds. View Stephen Yacktman's business profile as Partner and Chief Information Officer and Portfolio Manager at Yacktman Asset Management. which it authorizes the use of by individuals who successfully complete CFP Boards initial and ongoing certification requirements. The fund gained 2,040,441 shares of The Walt Disney Co., which occupied 4.07% of the portfolio. The performance data shown represents past performance. The firm manages both funds and segregated portfolios for institutional and retail investors globally. https://shareholders.morningstar.com/investor-relations/governance/ ComplianceDisclosure/default.aspx. To get all of the top stock picks from Brian Yacktman read the entire 4,288 word interview, exclusively in the Wall Street Transcript. This website is designed for display in modern browsers. CHIEF INVESTMENT OFFICER, PARTNER, AND PORTFOLIO MANAGER. 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Stephen King Net Worth: $400 Million Stephen King is an acclaimed author of contemporary suspense, fantasy, horror, and science fiction. See our most recent investment and planning ideas. Any investor should consider Frontier Capital Management Company, LLC specializes in growth and value equity investments on behalf of institutional and individual clients. During the past decade his flagship Yacktman Fund (YACKX) has returned 10.5%. The stock prices of individual companies can vary significantly over short periods of time, and such price movements are not always correlated with changes in company fundamental performance. The Fund is subject to risks associated with investments in mid-capitalization companies such as greater price volatility, lower trading volume, and less liquidity than the stocks of larger, more established companies. Yacktmans investing style is undeniably reserved too. Each holding now accounts for roughly 5% of Berkshire's net worth, akin to its weighting long ago. BCAM is headquartered in Boston, with offices in San Francisco. Yacktman helped move her family to Austin, where the warm climate would aid her rehabilitation, now in its eighth year. AMG Funds takes no The firm strives to achieve solid risk-adjusted returns over time. 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. firm, and financial professionals and firms having business relationships with SmartAsset receive Normally the steady businesses of servers and printers, along with a cheap stock price, would tempt Steve to load up on shares. 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. Don marched out to the garage to save it. 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. Yacktman looks for companies that: Yactkmans Jason Subotky and Adam Sues discuss their eclectic approach to value and how they manage their storied fund. Don got the news the next morning on a call from his daughter Melissa. Jason is a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund and is a member of the Management Committee. For example, they recently loaded up again on Procter & Gamble, which Steve says is at the tail end of a cycle of contracting margins. You wont find a more patient investor one whos seemingly programmed to withstand the whipsaw stock market of today, with its fiscal cliffs and earnings uncertainty than Yacktman. Explore client engagement resources, advisor focused insights, and expert views from our affiliates. For the first few days, all Jenny could do was blink, and doctors thought it was unlikely she would ever do more. In fact, if you dont catch his rare segments on CNBC, you might not hear him at all. Current performance may be lower or higher than the performance data quoted. Past performance is not a guarantee of future results. 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. But because her pons the part of the brain near the spinal cord that controls voluntary movement was nearly destroyed during the stroke, she was told she would never move below her eyes again. But by October 2008, Yacktman and his son were loading up on pummeled quality stocks like Viacom (VIA) and News Corp. (NWSA) that, they reasoned, could double from their lows. Prior to founding Yacktman Asset Management, Mr. Donald Yacktmans Yacktman Asset Managementhas recently filed its 13F with the Securities and Exchange Commission for the third quarter, disclosing an equity portfolio worth $15.24 billion. 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. He joined the firm in 2013 and is portfolio manager for the AMG Yacktman Special Opportunities Fund. This article discusses the top 10 stock picks of Donald Yacktmans Yacktman Asset Management at the end of the second quarter. The firm was founded upon a proprietary Absolute Value investment discipline. He is a member of the Management Committee of the firm. 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. The trailing 12-month dividend yield of Beiersdorf AG is 0.79%. The risk-averse fund declined 3.8% versus the 13.52% drop in the S&P 500 for the fourth quarter. redeemed, may be worth more or less than their original cost. Stephen Malkmus was born in Santa Monica, California in May 1966. 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. It also may invest in foreign equity securities, including emerging market securities, and debt securities. . 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. business relationships that might exist between SmartAsset and the named financial professional and The fund invests primarily in domestic equity securities. You see the great investors come alive when the publics running for the hills.. than any other service in the U.S. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. Please click OK below to leave the AMG Funds site and proceed to the AMG Funds provides access to a wide array of separate account strategies managed by a number of AMG's Affiliate investment managers. Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. Past performance is no guarantee of future results. Past performance is no guarantee of future results. The Fund is non-diversified and mainly invests in common stocks of United States companies of any size, some of which pay dividends. or any of the policies, activities, products or services offered on Stephen Yacktman is a financial advisor working out of Austin, Texas, who has been in the financial industry for 26 years. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. Six of his seven children have followed him from Chicago, where he lived for 38 years, to Austin, where he moved in 2005. The firm strives to achieve solid risk-adjusted returns over time. Their approach has been honed by a team who has worked together for more than two decades, resulting in a unifying investment philosophy of concentrated, long-term investing focused on intrinsic business value growth. Unlike the Fund, indices are unmanaged, not available for investment and do not incur expenses. You just need to catch the wind enough times, he says. all available advisors and firms and matches based on specific criteria (investable assets, Find out more below. Each of his children can tell a story about his frugality. information posted to third party web sites. Steve dismisses the bad press leveled at CEO Indra Nooyi and contends that PepsiCo is primed to come back with strong brands that can battle inflation. AMG Funds does not endorse this web site, its sponsor, 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. Top Ten Holdings: Mention of a specific security should not be considered a recommendation to buy or solicitation to sell that security. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. 10. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. But nothing prepared him for this. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. The Yacktman Fund gained seven new positions in the first quarter, though some came from changes in its existing companies. The firm seeks to make investments in high-quality businesses at low valuations with the goal The Walt Disney Co. has a market cap of $236.85 billion; its shares were traded around $131.76 Wednesday with a price-earnings ratio of 19.11 and price-sales ratio of 3.30. Wall Street experts where to make money in 2013. Bean catalogue model. Fund gained seven new positions in the U.S is not a guarantee of future.... A recommendation to buy or solicitation to sell that security might not hear him all. % of its assets in foreign equity securities, and doctors thought it was unlikely she would ever do.. 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