Bridgewater Associates held 6,615,453 shares at the end of the third calendar quarter. Offers may be subject to change without notice. Mr. Subotky received a Bachelor of Music from the University of Southern California and an MBA from Brigham Young University. The 71-year-old with a broad build and bald pate is thriving in the slumping, post-crisis world of stock mutual funds. September 12th, 2022| Stephen A. Yacktman, Jason S. Subotky, Adam P. Sues. information posted to third party web sites. Find contact's direct phone number, email address, work history, and more. 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. The risk-averse fund declined 3.8% versus the 13.52% drop in the S&P 500 for the fourth quarter. 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. 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. Yacktman owned conservative names like P&G heading into the crisis. Both current and future portfolio holdings are subject to risk. The named financial professional and firm have not reviewed, approved, or endorsed this profile and Morningstar Rating is for the share class indicated only (see ticker); other share classes may have different performance characteristics. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. The firm strives to achieve solid risk-adjusted returns over time. BCAM is headquartered in Boston, with offices in San Francisco. He is. 2016 has thus far beenanother disappointing year for stock market investors. 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. 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. match you with the advisor or firm mentioned in this profile. Of its 780 accounts, 99% are held by high-net-worth investors who have at least $1 million in assets available to invest. 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. This approach was developed by River Roads founders and occupies a distinct niche within value investing styles. 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. 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. firms or advisors. 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). In 2008 and 2009, when most investors could barely stay afloat, Yacktmans investors realized how profitable the strategy was. He joined the firm in 2001, having previously worked as a General Partner at Peterschmidt Ventures and as a Vice President at Goldman Sachs. Reliance on in-depth, research-driven strategies has historically produced strong results across products and market cycles. 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. Opinions expressed by Forbes Contributors are their own. How does he beat the market? Six of his seven children have followed him from Chicago, where he lived for 38 years, to Austin, where he moved in 2005. Don got the news the next morning on a call from his daughter Melissa. 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. 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. Yacktman Asset Management, an investment management firm, released its Yacktman Fund Q3 2022 investor letter. There are no guarantees that working with an adviser will yield positive returns. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. Top 10 Holdings (3/31/2008) Fund Facts (3/31/2008) Huntsman Corporation (NYSE:HUN), Oracle Corporation (NYSE:ORCL), and Cisco Systems, Inc. SmartAsset did not receive compensation for including any of the firms or advisors Financial management fee schedules usually vary depending on which service is offered. 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. Explore client engagement resources, advisor focused insights, and expert views from our affiliates. which SmartAsset is compensated for lead referrals. the site, or by any advertiser on the site. And many did. News Corp. ultimately leaped from $6 to $24, Viacom more than tripled from $15 to $50, and AmeriCredit jumped from $13 to $24. Happy clients might be willing to kick in too. 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. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. The fund may invest up to 30% of its assets in foreign . The firm manages both funds and segregated portfolios for institutional and retail investors globally. 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. What Happens When Corporate Earnings Fall? 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). 2023 Morningstar, Inc. All Rights Reserved. For performance information through the most recent month end please call 800.548.4539. in the aforementioned profile. Hes been transferring control of the funds to his second-oldest son, Steve, 42. Father and son couldnt be more different. Yacktman Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Your browser is not currently supported. Answer a few questions to get a personalized match. state: Please visit their SEC profile for more details. Homes - Celebrity - Business By: jdubble07 Advertisement Celebrity Homes Mailing List The sector allocation chart represents sectors at least 5%. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Here's an update on the fund's moves in Q3 2021. He just doesnt get rattled in bad markets, says Jeff Auxier, a fellow value-fund manager based in Oregon. CHIEF INVESTMENT OFFICER, PARTNER, AND PORTFOLIO MANAGER. The Yacktman Fund seeks long-term capital appreciation and, to a lesser extent, current income, by investing in common stocks of primarily United States based companies. 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. The performance data shown represents past performance. In 2006 he was named Co-Chief Investment Officer and Senior Vice President of Yacktman Asset Management. As its assets have skyrocketed, so has client demand to meet the father-and-son duo. 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. 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. So he flew to Atlanta that day for a meeting. Between improving margins, earnings growth, and its 3% dividend, the stock can generate double-digit returns over the next five years, Steve believes. He then moved himself and his entire business there too. Hes dressed in khakis and wearing a Timex. Mr. Yacktman was a finalist for Morningstars Domestic-Stock Manager of the Year award in 2011. 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 firm manages both funds and segregated portfolios for institutional and retail investors globally. Beiersdorf AG has a market cap of $23.74 billion; its shares were traded around $21.01 with a price-earnings ratio of 29.16 and price-sales ratio of 2.94. The spectacular returns and conservative approach have attracted new money a lot of new money to Yacktmans funds. 7,745 views Unrated Categories Buildings > Homes - Celebrity - Business Comments Policies Future Holdings Risk: Any sectors, industries or securities discussed should not be perceived as investment recommendations. The fund invests primarily in domestic equity securities. Please validate that you are an investment professional by submitting your business email. PG 15 . He joined the firm in 2001, having previously worked as a General Partner at Peterschmidt Ventures and as a Vice President at Goldman Sachs. 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. It was an ugly drive, he recalls. Yacktmans investing style is undeniably reserved too. Based on that information, we match you with financial advisors near GW&Ks founding principles of applying rigorous fundamental research, focusing on quality, and maintaining a long-term view still guide its investment process today. These cases have changed my perception of what is possible, he says. The Firm believes diversified portfolios of the stocks of companies meeting its quality-growth criteria, purchased at reasonable prices, offer superior risk-adjusted returns over the long term. The Firm believes diversified portfolios of the stocks of companies meeting its quality-growth criteria, purchased at reasonable prices, offer superior risk-adjusted returns over the long term. Changing interest rates may adversely affect the value of an investment. We do not manage client funds or hold custody of assets, we help users connect with relevant financial Bean catalogue model. Jenny and Mark were flown there the next day, while Don and the rest of the family who had gathered in Indianapolis started the five-hour journey through a spring blizzard. 15 top stock picks from star investors. He founded Yacktman Asset Management in 1993, and has steered the company ever since. His record since the middle of the financial crisis is even more impressive. financial advisors nearby, we ask you a series of questions about your retirement plans, life 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. which it authorizes the use of by individuals who successfully complete CFP Boards initial and ongoing certification requirements. Founded in 1967, Beutel, Goodman & Company Ltd. (BG) is an independent value-focused investment manager that serves institutional, private wealth, and retail clients. Don decided years ago he wanted his firm to live past him, and Steve was already picking most of the portfolios stocks. 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. Many of his books have been shown on the TV screens as "IT" and "The Shining". You wont hear his opinion about the European debt crisis. Please click OK below to leave the AMG Funds site and proceed to the Seven months later her tubes were removed. Yacktman is far from the action on Wall Street or in Chicago, where he lived for most of his life. an Adviser or provide advice regarding specific investments. 56% of rolling five-year periods since Stephen Yacktman's tenure began in December 2002, it . Her blood vessels were unusually narrow, and the doctors at Community Hospital North in Indianapolis, where Jenny and her family lived, said her brain was swelling so quickly that she would eventually die. Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. His voice trembles a bit: You never think in todays world that a child will predecease you., MORE:AlexandraLebenthal the new queen of Wall Street. AMG Yacktman Global N 8.5 10. The funds bought a lot of shares near $7 over the past few months. Chief Investment Officer Stephen Yacktman leads our experienced investment team. His height is 1.68 m tall, and weight is 70 kg. 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. This story is from the December 24, 2012 issue ofFortune. Mr. Yacktman was a finalist for Morningstar's Domestic-Stock Manager of the Year award in 2011. Please click OK below to leave the AMG Funds site and proceed to the Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP and CERTIFIED FINANCIAL PLANNER in the United States, Career Upon getting his degree from the university, Easterbrook worked as a trainee accountant with Price Waterhouse. The forward dividend yield of The Walt Disney Co. is 1.35%. The fund purchased 100,000 shares of Alphabet Inc., giving it 2.11% portfolio weight. 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. 2023 Fortune Media IP Limited. 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. Yacktman Asset Management, founded by Donald Yacktman in 1992, is one of the most well-known, value-focused hedge funds on the Street. The firm was founded upon a proprietary Absolute Value investment discipline. Whats also exceptional is Yacktmans dedication to his family. Booking Holdings Inc. has a market cap of $82.81 billion; its shares were traded around $1,839.79 Wednesday with a price-earnings ratio of 22.08 and price-sales ratio of 6.08. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data Read it carefully before investing or sending money. 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. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. Basic Info. Profile content is produced by SmartAsset independently of any Steve Yacktman started working full-time at Yacktman Asset Management in 1993. Soon she regained some movement in her right hand, then the entire right side of her body. Yacktman is an employee of Yacktman Asset Management Lp. Each holding now accounts for roughly 5% of Berkshire's net worth, akin to its weighting long ago. Adam Sues is a Partner and Portfolio Manager at Yacktman Asset Management. FINRA. 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. The firm was founded upon a proprietary Absolute Value investment discipline. Comanagers Stephen Yacktman and Jason Subotky are not strict value investors, but they are very valuation-conscious. The Ranking may reflect the waiver of all or a portion of the funds fees. He is a member of the Management Committee of the firm. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. 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. He answers his phone himself. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. De Georgia, professor of neurology at Case Western Reserve University School of Medicine and her doctor at the Cleveland Clinic. From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. But today she hardly has any time to take in the views. The same goes for PepsiCo, in which Yacktman funds are the 10th-largest holder. For more detailed information about Morningstars Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/ ComplianceDisclosure/default.aspx. The fund gained 2,040,441 shares of The Walt Disney Co., which occupied 4.07% of the portfolio. She heard him weep for the first time. View Stephen Yacktman's business profile as Partner and Chief Information Officer and Portfolio Manager at Yacktman Asset Management. Yacktman employs a disciplined investment strategy, buying growth companies at what it believes to be low prices. Austin, Texas (TX), US Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. 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. Sues holds a BA in business administration from Mount Union College and an MBA from the University of North Carolina Kenan-Flagler Business School. Yacktman Portfolio Manager Adam Sues discusses timeless lessons from an early sales job that informed and inspired his early interest in value investing. than any other service in the U.S. An increase in interest rates typically causes the value of bonds and other fixed income securities to fall. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. 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. SmartAsset does not Since AMG Yacktman I made its debut in July of 1992, YACKX has garnered more than $6.47 billion in assets. Theres an industrial-size kitchen and a gleaming lobby entrance. His explanation: No reason to waste a good bag., MORE: He has also been co-manager of the Yacktman Focused Fund - Security Selection Only since its inception. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. There Wasnt One Today! She can speak full sentences now too, though her speech comes out garbled and soft. With her family waiting in a reception area, Mark entered her room three times to ask what she wanted to do: one blink for life, two blinks for death. Any securities discussed may no longer be held in an accounts portfolio. All investing involves risk, including Copyright 2023 AMG Funds LLC. Our matching tool has connected more individuals with financial advisors 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. AMG takes a cut of fees but doesnt meddle in operations.). See our most recent investment and planning ideas. Mark interprets her sign language as she describes a typical day spent jetting around the house in her wheelchair to hug her kids before school, write blog entries from her basement office outfitted with a 64-inch computer screen (she has movement back in her right hand), and post updates to Facebook and Pinterest. In 2006 he was named Co-Chief Investment Officer and Senior Vice President of Yacktman Asset Management. selected site. CHIEF INVESTMENT OFFICER, PARTNER, AND PORTFOLIO MANAGER. Click here to view Index Definitions. The trailing 12-month dividend yield of Brenntag AG is 2.29%. Cognizant Technology Solutions Corp, Class A, W&T Offshore Inc Fixed 9.75% Nov 2023 144A, Weatherford International Ltd Fixed 11.00% Dec 2024 144A, Provides investors exposure to a diversified fund seeking to achieve strong risk-adjusted results over a full market cycle, Subadvised by a seasoned investment team with a long track record and reputation for a disciplined investment approach, Investors who seek a manager who focuses on risk and returns will appreciate this active and thoughtful value-oriented approach, High market share in principal product and/or service lines, Relatively low capital requirements allowing a business to generate cash while growing, Short customer repurchase cycles and long product cycles, Reinvest in the business and still have excess cash. Fox Corp. has a market cap of $23.91 billion; its shares were traded around $38.21 with a price-earnings ratio of 24.86. For example, they recently loaded up again on Procter & Gamble, which Steve says is at the tail end of a cycle of contracting margins. Yacktman owns this 9,300 sqft home as well as the baseball diamond next door. And you need to be very, very patient.. choosing a financial advisor. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Adam Sues is a Partner and Portfolio Manager at Yacktman Asset Management. 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. 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%. . Past performance is no guarantee of future results. This approach was developed by River Roads founders and occupies a distinct niche within value investing styles. 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. A copy of the same can be downloaded here. Whats his secret? 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. 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