stephen yacktman net worthstephen yacktman net worth

The investment seeks long-term capital appreciation and, to a lesser extent, current income. 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. Stephen A. Yacktman CHIEF INVESTMENT OFFICER, PARTNER, AND PORTFOLIO MANAGER See Our Approach Read Bio Jason S. Subotky PARTNER AND PORTFOLIO MANAGER See Our Approach Read Bio Adam P. Sues PARTNER AND PORTFOLIO MANAGER See Our Approach Read Bio Performance Portfolio & Holdings Investment Approach About Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. 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 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. Accordingly, Yacktman generally prefers to wait for buying opportunities. Hes dressed in khakis and wearing a Timex. GW&K Investment Management is a dynamic investment management firm that offers asset allocation, active equity, and fixed income investment solutions to help meet the needs of a diverse client base. Take HP, which has seen its stock swoon 50% this year. Click here to get matched with an advisor today. Yacktman US Equity Fund Russell 1000 Value NR USD S&P 500 Net TR USD . Such opportunities do not always occur in correlation with overall market performance trends. Could Chinese Equities Stage a Strong Comeback in 2023? state: Please visit their SEC profile for more details. Bean catalogue model. Any securities discussed may no longer be held in an accounts portfolio. In this article, we discuss the 10 dividend stocks to buy according to Donald Yacktman's hedge fund. With approximately $17 billionof assets under management, Yacktman is a highly-regarded investment manager specializing in large-cap equities through a unique, value-oriented approach. Read it carefully before investing or sending money. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. information posted to third party web sites. From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. A copy of the same can bedownloaded here. 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. Don got the news the next morning on a call from his daughter Melissa. GW&K Investment Management is a dynamic investment management firm that offers asset allocation, active equity, and fixed income investment solutions to help meet the needs of a diverse client base. 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. 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. 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. Huntsman Corporation (NYSE:HUN), Oracle Corporation (NYSE:ORCL), and Cisco Systems, Inc. FINRA. Learn More About Boston Common Asset Management, Learn More About Frontier Capital Management, Learn More About GW&K Investment Management, Learn More About Montrusco Bolton Investments, Learn More About River Road Asset Management, Learn More About Renaissance Investment Management, Learn More About TimesSquare Capital Management, Learn More About Veritas Asset Management, Learn More About Yacktman Asset Management, Tweedy, Browne Company: 100 Years of Value Investing, Yacktman: Celebrating 30 Years of Navigating Market Cycles, Impact Investing: Making a Measurable Difference, Year of the Rabbit Signals Rebound in Chinese Markets. Shes moving closer to a normal life each day, but she admits she grows frustrated by her new reality. Whats shocking is that one of the hottest fund managers today isnt celebrated for his market-trouncing returns the way stars like Ken Heebner and Bill Miller were a few years ago. Two Sigma, a New York-based hedge fund that uses sophisticated technology, is taking its analytical skills into insurance underwriting with Two Sigma Insurance Quantified. 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. The same goes for PepsiCo, in which Yacktman funds are the 10th-largest holder. Will Weatherford International plc (WFRD) Continue its Growth? The stocks fourth-quarter share price averaged $1,785. Homes - Celebrity - Business By: jdubble07 Advertisement Celebrity Homes Mailing List AMG Funds takes no 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. Yacktman Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. All rights reserved. The Russell 1000 Value and the S&P 500 Index are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends, and do not reflect the impact of advisory fees. 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 GuruFocus rated Brenntag AGthe business predictability rank of 4.5-star. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. 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 . This is a BETA experience. Hes been transferring control of the funds to his second-oldest son, Steve, 42. or any of the policies, activities, products or services offered on status, investment goals and advisor preferences, which are all important topics to consider when Beiersdorf AG had an annual average earnings growth of 5% over the past 10 years. This profile may include a firm or advisor that has a business relationship with SmartAsset, in 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. Please click OK below to leave the AMG Funds site and proceed to the TimesSquare is a growth equity specialist. Founded in 2003, Veritas Asset Management is a leading Global and Asian equities manager. TimesSquare is a growth equity specialist. 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 71-year-old with a broad build and bald pate is thriving in the slumping, post-crisis world of stock mutual funds. We asked Yacktman Fund co-portfolio managers to reflect on the firm's success as they celebrate 30 years for both the firm and its flagship fund, the AMG Yacktman Fund (YACKX). From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. redeemed, may be worth more or less than their original cost. The Fund seeks long-term capital appreciation, and, to a lesser extent, current income. Past performance is no guarantee of future results. . The firms equity strategies use bottom-up, fundamental research to invest in high-quality companies trading at discounts to their business value. Returns for periods less than one year are not annualized. MORE: FORTUNE may receive compensation for some links to products and services on this website. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. His record since the middle of the financial crisis is even more impressive. 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. When they purchase stocks, they generally search for companies they believe to possess one or more of the following three attributes: Shareholder-Oriented Management For the first few days, all Jenny could do was blink, and doctors thought it was unlikely she would ever do more. 2016 has thus far beenanother disappointing year for stock market investors. 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. firm, and financial professionals and firms having business relationships with SmartAsset receive loss of principal. 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. BCAM is headquartered in Boston, with offices in San Francisco. They are a trusted partner to institutional investors globally, providing mutual fund and separate account management. Jenny talks with a kind of improvised American Sign Language because she is still without use of her left hand. Her husband has devoted his life to her recovery, spending just 10 hours a week working outside the house at his counseling practice. Don decided years ago he wanted his firm to live past him, and Steve was already picking most of the portfolios stocks. 2023 Morningstar, Inc. All Rights Reserved. Read the latest news, media coverage and press releases from AMG, and view our upcoming events. Shares traded for an average price of $57.91 during the quarter. Neither Morningstar, its content providers nor the AMG Funds are responsible for any damages or losses arising from any use of this information. 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. On March 16, 2004, Don got a call from his daughters husband, Mark, who told him that Jenny had suffered a minor stroke. After prescient bets on beat-up stocks like Viacom and News Corp., the fund skyrocketed 99% from the end of 2008 through mid-November, scorching 98% of competitors as well as the overall market. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Yacktman believes this approach combines the best features of growth and value investing. The Fund is subject to risks associated with investments in small-capitalization companies, such as erratic earnings patterns, competitive conditions, limited earnings history and a reliance on one or a limited number of products. As its assets have skyrocketed, so has client demand to meet the father-and-son duo. Past performance is not a guarantee of future results. 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. 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. AMG Products from this firm YACKX Way in the back corner, Don Yacktman is enjoying his usual: a plate of lean brisket, peppered turkey breast, potato salad, and baked beans. Download or order product information and regulatory documents. Heptagon Yacktman U.S. Equity. You are now leaving the AMG Funds web site: Both current and future portfolio holdings are subject to risk. Without such waiver, the Rankings may have been lower. 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. The Yacktman Fund sells companies that no longer meet its investment criteria, or if better investment opportunities are available. Each holding now accounts for roughly 5% of Berkshire's net worth, akin to its weighting long ago. They are a trusted partner to institutional investors globally, providing mutual fund and separate account management. The Fund seeks to generate equity-like rates of return over a full market cycle while managing the level of risk. 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. The forward dividend yield of The Walt Disney Co. is 1.35%. Many of his books have been shown on the TV screens as "IT" and "The Shining". Firms Equity strategies use bottom-up, fundamental research to invest in high-quality companies at! Beenanother disappointing year for stock market investors live past him, and Cisco,... They are a trusted partner to institutional investors globally, providing mutual Fund and separate account Management of financial... Research and fundamental analysis, an investment website focused on value-oriented stock research and fundamental analysis research! 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