Insights into Yacktman Asset Management (Trades, Portfolio)'s Latest 13F Filing and Its Implications for Investors
Yacktman Asset Management (Trades, Portfolio), based in Austin, Texas, is renowned for its disciplined value equity investing approach. The firm, led by a team of seasoned investment professionals including CIO Stephen Yacktman, emphasizes a patient and diligent investment strategy aimed at achieving superior returns over a full market cycle. With a focus on good businesses, shareholder-oriented management, and low purchase prices, Yacktman Asset Management (Trades, Portfolio) maintains a robust portfolio strategy that adapts to evolving market conditions.
Summary of New Buys
During the third quarter of 2024, Yacktman Asset Management (Trades, Portfolio) expanded its portfolio by acquiring shares in two new companies:
- Talen Energy Corp (TLN, Financial) was the standout addition with 444,900 shares, making up 0.81% of the portfolio and valued at approximately $79.3 million.
- Visa Inc (V, Financial) also joined the portfolio with a modest purchase of 732 shares, totaling around $201,260.
Key Position Increases
The firm also strategically increased its holdings in five existing stocks:
- Kenvue Inc (KVUE, Financial) saw a significant boost with an additional 232,631 shares, bringing the total to 8,381,404 shares. This adjustment increased the share count by 2.85% and impacted the portfolio by 0.06%, with a total value of $193.86 million.
- Berkshire Hathaway Inc (BRK.A, Financial) also experienced an increase, albeit smaller, with one additional share, bringing the total to 15 shares, valued at approximately $10.37 million.
Summary of Sold Out Positions
Yacktman Asset Management (Trades, Portfolio) exited positions in three companies in Q3 2024:
- Kellanova Co (K, Financial) was completely sold off, with all 2,141,913 shares liquidated, impacting the portfolio by -1.16%.
- First Hawaiian Inc (FHB, Financial) also saw a complete exit with 272,894 shares sold, resulting in a -0.05% portfolio impact.
Key Position Reductions
The firm reduced its stakes in 53 stocks, with notable reductions in:
- Alphabet Inc (GOOG, Financial) saw a reduction of 1,401,206 shares, a -39.69% decrease, impacting the portfolio by -2.41%. The stock traded at an average price of $169.25 during the quarter and has seen a 4.04% return over the past three months and 27.02% year-to-date.
- Microsoft Corp (MSFT, Financial) was reduced by 284,382 shares, a -18.55% decrease, impacting the portfolio by -1.19%. The stock's average trading price was $427.47 during the quarter, with a 2.93% three-month return and a 16.18% year-to-date gain.
Portfolio Overview
As of the third quarter of 2024, Yacktman Asset Management (Trades, Portfolio)'s portfolio comprised 71 stocks. The top holdings included 9.88% in Canadian Natural Resources Ltd (CNQ, Financial), 5.51% in Microsoft Corp (MSFT), 4.66% in U-Haul Holding Co (UHAL.B, Financial), 3.88% in Procter & Gamble Co (PG, Financial), and 3.78% in PepsiCo Inc (PEP, Financial). The firm's investments are primarily concentrated across 10 of the 11 industries, showcasing a diverse yet focused investment strategy.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
