Working with an adviser may come with potential downsides such as payment of fees Please click OK below to leave the AMG Funds site and proceed to the This page contains links to SmartAssets financial advisor matching tool, which may or may not 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. Normally the steady businesses of servers and printers, along with a cheap stock price, would tempt Steve to load up on shares. Stephen Yacktman Start Date Tenure Tenure Rank Dec 31, 2002 19.43 19.4% Mr. Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. His daughter Melissa, 35, recalls working for him during summer breaks, when lunchtime included inviting the passing homeless man to eat. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Each of his children can tell a story about his frugality. Dr. De Georgia says that as impressive as her progress has been, Jenny can still recover much more. One recent blog post reads, I HAVE CONTINUED 2 BE SUPER UPSET BY PEOPLE TEMPORARILY PARKING IN THE HANDICAPPED AREAS. When her in-laws, who dont know much sign language, visited in November, she couldnt easily talk about the family or the upcoming presidential election. These cases have changed my perception of what is possible, he says. What's more, the Yacktmans write in their latest letter to shareholders that one of its Liberty holdings, Liberty Capital (NASDAQ:LCAPA), is "worth $120 to $140 a share," which would equal at. Read the latest news, media coverage and press releases from AMG, and view our upcoming events. The firm seeks to make investments in high-quality businesses at low valuations with the goal SmartAsset is not a client of the aforementioned In 2004, his daughter Jenny suffered a stroke at age 30. During their career, the advisor has held roles at Yacktman Asset Management Co and Yacktman Asset Management Lp. 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. The stock has since risen to $12. Yacktman Asset Management, an investment management firm, released its Yacktman Fund Q3 2022 investor letter. AMG Funds takes no Changing interest rates may adversely affect the value of an investment. Many of his books have been shown on the TV screens as "IT" and "The Shining". TheYacktman Fundgained seven new positions in the first quarter, though some came from changes in its existing companies. 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. 56% of rolling five-year periods since Stephen Yacktman's tenure began in December 2002, it . Mr. Yacktman was a finalist for Morningstars Domestic-Stock Manager of the Year award in 2011. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Access your AMG Funds account. Shaw, John Paulson, Carl Icahn, Yacktman Asset Management, Evolution Capital Management, COMSCORE, Inc. (SCOR), SoFi Technologies, Inc. (SOFI), and More, Donald Yacktmans Latest Portfolio: Top 10 Stock Picks, 10 Stocks Donald Yacktman is Selling in 2022, 10 Dividend Stocks to Buy According to Donald Yacktman's Hedge Fund, Billionaire Donald Yacktman's Hedge Fund Trims Exposure to Consumer Staples, Energy, Investing Legend Donald Yacktman Trims Stake in Major Holdings Going Into Q2, Value Investing Guru Donald Yacktman Propelled to Strong Q1 by Top Picks, Donald Yacktman's Top Dividend Stock Picks for 2016, Value Investing Guru Donald Yacktman's Favorite Stock Picks For Q4, Here Are Yacktman Asset Managements Top Tech Picks, Yacktman Asset Management Keeps Betting on Consumer Stocks, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. 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. Download or order product information and regulatory documents. Yacktman owns this 9,300 sqft home as well as the baseball diamond next door. Terms & Conditions. Returns for periods less than one year are not annualized. He just doesnt get rattled in bad markets, says Jeff Auxier, a fellow value-fund manager based in Oregon. choosing a financial advisor. Reliance on in-depth, research-driven strategies has historically produced strong results across products and market cycles. And many did. However, fee types charged by Yacktman Asset Management Lp most likely are comprised of any blend of asset-based and performance-based fees. 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. Copyright 2023 AMG Funds LLC. 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. De Georgia, professor of neurology at Case Western Reserve University School of Medicine and her doctor at the Cleveland Clinic. 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. match you with the advisor or firm mentioned in this profile. View your account balance and transaction history. Don built this house for her so she could enjoy beautiful views while confined to a bed. CHIEF INVESTMENT OFFICER, PARTNER, AND PORTFOLIO MANAGER. Owner: yacktman stephen Total Market Value: $505,099 +Edit Past Address 2509 Pearce Rd, AUSTIN, TX 78730-4256 View Address Property Lot Size: 1.49 AC Owner: yacktman stephen & ellyn Total Market Value: $211,968 +Edit Past Address Manana St, AUSTIN, TX 78730 View Address Property Lot Size: 1.12 AC Owner: yacktman stephen & ellyn Companies that are in similar businesses may be similarly affected by particular economic or market events; to the extent the Fund has substantial holdings within a particular sector, the risks associated with that sector increase. The firm was founded upon a proprietary Absolute Value investment discipline. The fund gained 1,333,333 of Fox Corp. A-shares, occupying 0.88% of the portfolio. GuruFocus rated Brenntag AGthe business predictability rank of 4.5-star. Mr. Sues holds a BA in business administration from Mount Union College and an MBA from the University of North Carolina Kenan-Flagler Business School. I got a video in the mail a year later from Mark on her recovery, says Dr. Michael A. Purchase or redeem shares. Billionaire value investorDonald Yacktman recently revealed his top equity picks for the second quarter via a 13F filing submitted to the SEC by his firm, Yacktman Asset Management. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Mr. Subotky received a Bachelor of Music from the University of Southern California and an MBA from Brigham Young University. TimesSquare is a growth equity specialist. 7,745 views Unrated Categories Buildings > Homes - Celebrity - Business Comments Policies King has a completed bachelor's degree in English and is one of the most popular authors in the world. review the ongoing performance of any Adviser, participate in the management of any users account by advisors. Based on that information, we match you with financial advisors near But today she hardly has any time to take in the views. An active, global equity ESG investment manager and a leader in impactful shareowner engagement since its founding in 2003, BCAM is majority women- and employee-owned. The firm manages both funds and segregated portfolios for institutional and retail investors globally. 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. CHIEF INVESTMENT OFFICER, PARTNER, AND PORTFOLIO MANAGER. 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 doctor told Mark she had two choices: have her feeding tube removed and eventually die, or live with an uncertain future. Neither Morningstar, its content providers nor the AMG Funds are responsible for any damages or losses arising from any use of this information. Steve Yacktman started working full-time at Yacktman Asset Management in 1993. . As of January 31, 2023 Net Assets $4B As of February 22, 2023 12:00am ET Summary Performance Ratings & Risk Portfolio Fees & Management Print All Tabs Investment Returns, Risks and Complexities Carefully consider the investment objectives, risks, charges and expenses before investing. Huntsman Corporation (NYSE:HUN), Oracle Corporation (NYSE:ORCL), and Cisco Systems, Inc. Career Upon getting his degree from the university, Easterbrook worked as a trainee accountant with Price Waterhouse. The trailing 12-month dividend yield of The Walt Disney Co. is 1.30%. Soon she regained some movement in her right hand, then the entire right side of her body. Mr. Yacktman was a finalist for Morningstar's Domestic-Stock Manager of the Year award in 2011. To match you with top Could Chinese Equities Stage a Strong Comeback in 2023? Age, Height, and Weight Being born on 6 August 1967, Steve Easterbrook is 55 years old as of today's date 28th February 2023. (See a video of Jennys recovery.) September 12th, 2022| Stephen A. Yacktman, Jason S. Subotky, Adam P. Sues. is registered with the U.S. Securities and Exchange Commission as an investment adviser. 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. The fund purchased 100,000 shares of Alphabet Inc., giving it 2.11% portfolio weight. I show that video to my residents every couple of months to emphasize that you have to be very careful about pulling the plug.. The fund purchased 2.305 million shares of Brenntag AG, giving it 2.13% portfolio weight. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. 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. And for the past seven years he has dedicated his life to helping his adult daughter recover from a devastating stroke that left her in a locked-in state. Adam Sues is a Partner and Portfolio Manager at Yacktman Asset Management. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Tweedy, Browne Company LLC is a leading practitioner of the value-oriented investment approach using methodology that derives directly from the work of the legendary Benjamin Graham, professor of investments at Columbia Business School, a professional investor, co-author of Security Analysis and author of The Intelligent Investor. The trailing 12-month dividend yield of Brenntag AG is 2.29%. Tracing its history back to 1946, Montrusco Bolton Investments Inc. is a private investment management firm. Some of the information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Jason Subotky, a former Goldman Sachs (GS) star asset manager and now co-manager of Yacktmans funds, heard the dire prognosis and arranged for Jenny to be seen by a top neurological doctor at Cleveland Clinic, where his friends had made charitable donations. The stocks first-quarter share price averaged $1,120. The firms equity strategies use bottom-up, fundamental research to invest in high-quality companies trading at discounts to their business value. profile-compliance@smartasset.com. He is a member of the Management Committee of the firm. Yacktman believes this approach combines the best features of growth and value investing. In fact, if you dont catch his rare segments on CNBC, you might not hear him at all. SmartAsset does not Analyst Ratings ultimately reflect the Manager Research Groups overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. GW&Ks founding principles of applying rigorous fundamental research, focusing on quality, and maintaining a long-term view still guide its investment process today. 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 Yacktman Asset Management is a boutique investment firm located in Austin, Texas. Explore client engagement resources, advisor focused insights and expert views from our affiliates. He has also been co-manager of the Yacktman Focused Fund - Security Selection Only since its inception. The funds bought a lot of shares near $7 over the past few months. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. During the past decade his flagship Yacktman Fund (YACKX) has returned 10.5% a year, almost double the S&P 500s return, while his more concentrated Yacktman Focused Fund (YAFFX) has returned 11%. To get all of the top stock picks from Brian Yacktman read the entire 4,288 word interview, exclusively in the Wall Street Transcript. Jenny talks with a kind of improvised American Sign Language because she is still without use of her left hand. Both current and future portfolio holdings are subject to risk. Not surprisingly, the new digs dont sit so well with Don, who considers it a point of pride for a value investor to work out of spartan offices. 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. 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. AMG Funds takes no Tracing its history back to 1946, Montrusco Bolton Investments Inc. is a private investment management firm. 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. He graduated from Brigham Young University with an economics degree and MBA. His son Brian, 33, remembers Don hiring him out of business school for $35,000 less than the going rate for MBAs. His record since the middle of the financial crisis is even more impressive. In 2008 and 2009, when most investors could barely stay afloat, Yacktmans investors realized how profitable the strategy was. Shares traded for an average price of $57.91 during the quarter. News Corp. ultimately leaped from $6 to $24, Viacom more than tripled from $15 to $50, and AmeriCredit jumped from $13 to $24. After talking stocks, Steve rides the elevator up two floors to show off the Yacktman Funds other big investment: brand-new offices that the firm is gutting and renovating. PG 15 . The Yacktman Fund sells companies that no longer meet its investment criteria, or if better investment opportunities are available. The performance data shown represents past performance. And you need to be very, very patient.. He joined the firm in 2001, having previously worked as a General Partner at Peterschmidt Ventures and as a Vice President at Goldman Sachs. an Adviser or provide advice regarding specific investments. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. 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%. She blinked once each time. Founded in 1982, Pantheon is a leading global private equity fund investor, managing private equity funds and separate account programs for investors around the world. Current performance may be lower or higher than the performance data quoted. She has financial resources, a loving family, and a young body. Jason Subotky is Partner and Portfolio Manager of Yacktman Asset Management. Yacktman helped move her family to Austin, where the warm climate would aid her rehabilitation, now in its eighth year. 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. Bean catalogue model. Explore client engagement resources, advisor focused insights, and expert views from our affiliates. You just need to catch the wind enough times, he says. BCAM is headquartered in Boston, with offices in San Francisco. In 1982, Yacktman was wooed by Vincent Chesley to manage Selected American Shares, a portfolio worth $76 million which he primarily managed using his investment mantra of selecting shares of small companies, referred to as "bargains". Austin, Texas (TX), US Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. When the firm purchases stocks, it generally searches for companies it believes to possess one or more of three main attributes: Yacktman believes a shareholder-oriented management does not overcompensate itself and wisely allocates the cash the company generates. Fox Corp. has a market cap of $23.95 billion; its shares were traded around $38.84 Wednesday with a price-earnings ratio of 24.92. Mr. Subotky received a Bachelor of Music from the University of Southern California and an MBA from Brigham Young University. He speaks softly and keeps his head down. Mr. Sues holds a BA in business administration from Mount Union College and an MBA from the University of North Carolina Kenan-Flagler Business School. . Steve slaved away as an analyst at his fathers firm for years, learning how businesses juiced earnings at the same time he learned the tenets of value investing. Assets total a whopping $22 billion, and most of Yacktman's focus is on value-priced equities. They are a trusted partner to institutional investors globally, providing mutual fund and separate account management. Sorry, no results has been found matching your query. FORTUNE The County Line barbecue joint in Austin is buzzing at lunchtime you can smell the charred red meat half a mile away. Since Inception 07/06/1992 to 01/31/2023 = $207,408.21. 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. Another time at family dinner, the twice-a-month gathering of his children in Austin, his son Robs wife threw away a recycling bag filled with empty soda cans. As its assets have skyrocketed, so has client demand to meet the father-and-son duo. It also led to the Board at Yacktman doubting the interests of Don and Stephen Yacktman, followed by an . See our most recent investment and planning ideas. Hes surrounded by a gaggle of local bankers who are pitching him on services he doesnt need and eagerly asking him questions. the site, or by any advertiser on the site. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. Founded in 1982, Pantheon is a leading global private equity fund investor, managing private equity funds and separate account programs for investors around the world. For this and other information, please call 800.548.4539 or visit www.amgfunds.com for a free prospectus. Stephen Yacktman helms the $5.57 billion portfolio that was begun by legendary investor Donald [+] Yacktman. What Happens When Corporate Earnings Fall? Yacktman is approved to advise clients in Texas. Click here to get matched with an advisor today. AMG Products from this firm YACKX This story is from the December 24, 2012 issue ofFortune. 10. The Ranking may reflect the waiver of all or a portion of the funds fees. Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. all available advisors and firms and matches based on specific criteria (investable assets, 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. In this article, we discuss the 10 dividend stocks to buy according to Donald Yacktman's hedge fund. Yacktman is one of the worlds most successful mutual fund managers, yet you would never know it. Get our editors daily picks straight in your inbox! The fund gained 2,693,333 shares of Fox Corp., occupying 1.73% of the portfolio. Past performance is not a guarantee of future results. Read it carefully before investing or sending money. 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. Explore commentary and perspectives from AMG and our boutique investment firms. Here's an update on the fund's moves in Q3 2021. Could Chinese Equities Stage a Strong Comeback in 2023? Explore client engagement resources, advisor focused insights, and expert views from our affiliates. 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. Profile content is produced by SmartAsset independently of any Yacktman owns this 9,300 sqft home as well as the baseball diamond next door. Morningstar Rating is for the share class indicated only (see ticker); other share classes may have different performance characteristics. Brenntag AG had an annual average earnings growth of 3.80% over the past 10 years. Billionaire investing legend Donald Yacktmanis increasingly pulling money out ofU.S. equities. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. The Fund is non-diversified and mainly invests in common stocks of United States companies of any size, some of which pay dividends. View your account balance and transaction history. 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. For performance information through the most recent month end please call 800.548.4539. Talking for even two hours a day is exhausting having to think before taking a full breath and exhaling to form words with weak mouth muscles feels like the hardest workout she could imagine, she says. The same goes for PepsiCo, in which Yacktman funds are the 10th-largest holder. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. The stocks first-quarter share price averaged $20. SmartAsset did not receive compensation for including any of the firms or advisors She heard him weep for the first time. Investment Strategy. He thinks back to how close he was to losing his daughter. state: Please visit their SEC profile for more details. Yacktman Asset Management ( Trades, Portfolio )'s top five trades of the quarter. responsibility for the accuracy or factual correctness of any Past performance is no guarantee of future results. So he flew to Atlanta that day for a meeting. Portfolio holdings and characteristics are subject to change at any time. Whats also exceptional is Yacktmans dedication to his family. Yacktman Asset Management, an investment management firm, released its Yacktman Fund Q3 2022 investor letter. Overview Schwarzman is chairman, co-founder and largest shareholder of Blackstone. The companies are hardly exciting. in the aforementioned profile. 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. 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. It handles $18 billion in assets across its 780 accounts, making it one of the largest investment advisory firms in the nation by assets under management. Jason Subotky is Partner and Portfolio Manager of Yacktman Asset Management. Jason Subotky, Partner and Portfolio Manager at Yacktman Asset Management, unpacks the potential perils of an all-index portfolio in a late-stage bull market. The fund purchased 4,305,280 shares of Beiersdorf AG, giving it 1.62% portfolio weight. AMG takes a cut of fees but doesnt meddle in operations.). The Fund seeks long-term capital appreciation through an intrinsic value-oriented investment approach. 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. The fund may invest up to 30% of its assets in foreign . From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The business offers a wide assortment of services, including portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles and portfolio management for institutional clients. Access to ADV forms, account maintenance, and applications, Access to distributions, tax resources, and form 8937, Media Coverage | YACKTMAN ASSET MANAGEMENT, | Stephen A. Yacktman, Jason S. Subotky, Adam P. Sues. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. They are a trusted partner to institutional investors globally, providing mutual fund and separate account management. You dont need to jump in and out of stocks, he tells them. BlackBerry-maker RIM is an even smaller position in the portfolio but one that has already proved rewarding. Jenny talks with a cheap stock price, would tempt Steve to load on... 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