Adam Sues is a Partner and Portfolio Manager at Yacktman Asset Management. Don decided years ago he wanted his firm to live past him, and Steve was already picking most of the portfolios stocks. Don wasnt overly worried. Her husband has devoted his life to her recovery, spending just 10 hours a week working outside the house at his counseling practice. an Adviser or provide advice regarding specific investments. the site, or by any advertiser on the site. GuruFocus rated Beiersdorf AGthe business predictability rank of 2-star. Happy clients might be willing to kick in too. 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. His son Brian, 33, remembers Don hiring him out of business school for $35,000 less than the going rate for MBAs. Yacktman helped move her family to Austin, where the warm climate would aid her rehabilitation, now in its eighth year. . Portfolio holdings and characteristics are subject to change at any time. 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. The investment team aims to be objective, patient, and diligent, and makes investment decisions based on the merits of individual securities rather than trying to forecast the market. match you with the advisor or firm mentioned in this profile. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. Working with an adviser may come with potential downsides such as payment of fees Yacktman is an employee of Yacktman Asset Management Lp. He doesnt employ anyone to handle public relations. You are now leaving the AMG Funds web site: 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. Since 1992, Yacktman Asset Management has navigated multiple market cycles while adhering to a disciplined investment approach. Wall Street experts where to make money in 2013. 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. According to the latest 13F filing submitted by Mr. In 1992, Matson attended a debate between the renowned portfolio manager Donald Yacktman and little known economist Rex Sinquefield on the merits of passive management vs. active management. 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 River Road Asset Management was established in 2005 and provides institutional separate account and investment sub-advisory services to a broad range of domestic and international clients. 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. 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. Bean catalogue model. Click here to get matched with an advisor today. Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. 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. Powered and implemented by Interactive Data Managed Solutions. But he knows that the conference room is necessary now that he doesnt want to be doing so many trips to Europe, and he understands Steve and Jasons desire for more modern offices even if he cant completely stomach it. 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. Profile content is produced by SmartAsset independently of any AMG Funds does not endorse this web site, its sponsor, Since inception, it returned 10.17% versus 9.2% for the index. Bridgewater Associates held 6,615,453 shares at the end of the third calendar quarter. Answer a few questions andget matched with an advisor. Comanagers Stephen Yacktman and Jason Subotky are not strict value investors, but they are very valuation-conscious. Don is affable and warms to interviewers, while Steve can sometimes come across as brash (he once told a University of Texas audience that he had never made an investing mistake). The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. Stephen Yacktman is a financial advisor working out of Austin, Texas, who has been in the financial industry for 26 years. Founded in 1967, Beutel, Goodman & Company Ltd. (BG) is an independent value-focused investment manager that serves institutional, private wealth, and retail clients. Yacktman Asset Management, an investment management firm, released its Yacktman Fund Q3 2022 investor letter. The business offers a wide assortment of . Explore client engagement resources, advisor focused insights and expert views from our affiliates. 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. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. All the while, Don has continued to grow the business, but he has also been facing the reality of his own mortality. Founded in 1978, Renaissance Investment Management is a registered investment advisor based in the greater Cincinnati, Ohio, area. To match you with top For this and other information, please call 800.548.4539 or visit www.amgfunds.com for a free prospectus. For performance information through the most recent month end please call 800.548.4539. are not responsible for its accuracy. He instead buys steady, profitable businesses when they disappoint Wall Street. status, investment goals and advisor preferences, which are all important topics to consider when selected site. 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. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. than any other service in the U.S. https://shareholders.morningstar.com/investor-relations/governance/ ComplianceDisclosure/default.aspx. He makes bets that you kind of look at like, hmm, says Lipper analyst Tom Roseen. AMG Funds takes no 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. 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. 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. Reliance on in-depth, research-driven strategies has historically produced strong results across products and market cycles. Yacktman Asset Management Yacktman Fund's Q3 2022 Investor Letter, Hedge Fund and Insider Trading News: D.E. The funds bought a lot of shares near $7 over the past few months. firm, and financial professionals and firms having business relationships with SmartAsset receive Tracing its history back to 1946, Montrusco Bolton Investments Inc. is a private investment management firm. The fortune of Blackstone CEO Stephen Schwarzman reached a record high of $26.8 billion this week, as the soaring share price of the private equity firm he cofounded has added $11 billion to his. 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. The Yacktman Fund boosted its Microsoft ( MSFT) - Get Free Report stake by 1.7 million shares in the second quarter, bringing its total holdings to 10.6 million shares, or 5.1% of the fund,. Yacktman Portfolio Manager Adam Sues discusses timeless lessons from an early sales job that informed and inspired his early interest in value investing. GuruFocus rated Brenntag AGthe business predictability rank of 4.5-star. From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. 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 trailing 12-month dividend yield of Brenntag AG is 2.29%. 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. 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. The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data AMG Yacktman Global N 8.5 10. The named financial professional and firm have not reviewed, approved, or endorsed this profile and He is a member of the Management Committee of the firm. 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. Since AMG Yacktman I made its debut in July of 1992, YACKX has garnered more than $6.47 billion in assets. Topics to consider when selected site site, or by any advertiser on the site like,,. Manager at Yacktman Asset Management, an investment website focused on value-oriented research..., 33, remembers Don hiring him out of business school for $ 35,000 less the! 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