The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data is registered with the U.S. Securities and Exchange Commission as an investment adviser. Past performance is not a guarantee of future results. Six of his seven children have followed him from Chicago, where he lived for 38 years, to Austin, where he moved in 2005. Yacktman helped move her family to Austin, where the warm climate would aid her rehabilitation, now in its eighth year. 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. Purchase or redeem shares. For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. Our Team Stephen Yacktman Jason Subotky Russell Wilkins Adam Sues Molly Pieroni Chase Frock, CFA Brandt Dusthimer, CFA Jon Danielson Donald Yacktman Of its 780 accounts, 99% are held by high-net-worth investors who have at least $1 million in assets available to invest. Seven months later her tubes were removed. The Yacktman Fund gained seven new positions in the first quarter, though some came from changes in its existing companies. The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Funds return during the specified quarter. 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%. Investment Strategy. It invests in large-cap companies with medium risk. 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. Neither Morningstar, its content providers nor the AMG Funds are responsible for any damages or losses arising from any use of this information. Hedge Fund and Insider Trading News: Steve Cohen, Two Sigma Advisors, Citadel LLC, Bridgewater Associates, Fir Tree Partners, NVIDIA Corporation (NVDA), Erasca Inc (ERAS), and More. The firm was founded upon a proprietary Absolute Value investment discipline. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. 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. Her husband has devoted his life to her recovery, spending just 10 hours a week working outside the house at his counseling practice. 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. firms or advisors. financial advisors nearby, we ask you a series of questions about your retirement plans, life His son Brian, 33, remembers Don hiring him out of business school for $35,000 less than the going rate for MBAs. Offers may be subject to change without notice. You may opt-out by. She was in a locked-in state having full function of her brain but not being able to move much like Jean-Dominique Bauby, whose condition became the subject of the film The Diving Bell and the Butterfly. 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. 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. Should You Consider Adding U-Haul Holding Company (UHAL) to Your Portfolio? Past performance is no guarantee of future results. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. He joined the firm in 2013 and is portfolio manager for the AMG Yacktman Special Opportunities Fund. To match you with top 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. Hes dressed in khakis and wearing a Timex. The forward dividend yield of The Walt Disney Co. is 1.35%. For performance information through the most recent month end please call 800.548.4539. Founded in 2003, Veritas Asset Management is a leading Global and Asian equities manager. Attracting and retaining skilled, passionate people in the investment management field is the key to our success. Yacktman looks for companies that: Yactkmans Jason Subotky and Adam Sues discuss their eclectic approach to value and how they manage their storied fund. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. profile-compliance@smartasset.com. 2016 has thus far beenanother disappointing year for stock market investors. Please validate that you are an investment professional by submitting your business email. MORE: 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). And you need to be very, very patient.. 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. 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. Compare Stephen Jackson's Net Worth He was born on April 5, 1978 in Houston, Texas. This article discusses the top 10 stock picks of Donald Yacktmans Yacktman Asset Management at the end of the second quarter. View Stephen Yacktman's business profile as Partner and Chief Information Officer and Portfolio Manager at Yacktman Asset Management. 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. The Fund seeks long-term capital appreciation, and, to a lesser extent, current income. Shares traded for an average price of $57.91 during the quarter. 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. Yacktman is one of the worlds most successful mutual fund managers, yet you would never know it. 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. Each holding now accounts for roughly 5% of Berkshire's net worth, akin to its weighting long ago. Don got the news the next morning on a call from his daughter Melissa. All the while, Don has continued to grow the business, but he has also been facing the reality of his own mortality. Stephen Yacktman was nominated for Morningstar's Domestic Stock Fund Manager of the Year - 2011. . He just doesnt get rattled in bad markets, says Jeff Auxier, a fellow value-fund manager based in Oregon. The firm manages both funds and segregated portfolios for institutional and retail investors globally. 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. Terms & Conditions. 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. AMG Funds does not endorse this web site, its sponsor, The firm reported on Wednesday that its portfolio welcomed: The Walt Disney Co., Booking Holdings Inc., Brenntag AG, Alphabet Inc., Fox Corp., Beiersdorf AG and Fox Corp. Fox Corp. and The Walt Disney Co. came into the portfolio when the funds previous holding, Twenty-First Century Fox, sold many of its assets to Disney in the first quarter. The risk-averse fund declined 3.8% versus the 13.52% drop in the S&P 500 for the fourth quarter. 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. loss of principal. Brenntag AG had an annual average earnings growth of 3.80% over the past 10 years. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. Shaw Group. Hes been transferring control of the funds to his second-oldest son, Steve, 42. Homes - Celebrity - Business By: jdubble07 Advertisement Celebrity Homes Mailing List 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. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. Dr. De Georgia says that as impressive as her progress has been, Jenny can still recover much more. Sorry, no results has been found matching your query. MORE:Why youre right to be obsessed with Apple stock. 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. RECOMMENDED FOR. Happy clients might be willing to kick in too. How does he beat the market? Get our editors daily picks straight in your inbox! 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. 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. FINRA. 15 top stock picks from star investors. The firm seeks to make investments in high-quality businesses at low valuations with the goal During this presentation, the Yacktman Asset Management team discussed quarterly updates to the AMG Yacktman Fund (YACKX) and the AMG Yacktman Focused Fund (YAFFX, YAFIX). Mr. Subotky received a Bachelor of Music from the University of Southern California and an MBA from Brigham Young University. Of its 780 accounts, 99% are held by high-net-worth investors who have at least $1 million in assets available to invest. Father and son couldnt be more different. Copyright 2023 AMG Funds LLC. Assets total a whopping $22 billion, and most of Yacktman's focus is on value-priced equities. 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. Purchase or redeem shares. All rights reserved. in the aforementioned profile. Consumer defensive stocks occupied the greatest space at 30.83% of the portfolio, followed by technology at 27.92% and consumer cyclical at 10.36%. Our matching tool has connected more individuals with financial advisors Don wasnt overly worried. The firms equity strategies use bottom-up, fundamental research to invest in high-quality companies trading at discounts to their business value. 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". You just need to catch the wind enough times, he says. 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. Stephen Yacktman helms the $5.57 billion portfolio that was begun. The fund gained 2,040,441 shares of The Walt Disney Co., which occupied 4.07% of the portfolio. The named financial professional and firm have not reviewed, approved, or endorsed this profile and This story is from the December 24, 2012 issue ofFortune. 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. 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. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices There are no guarantees that working with an adviser will yield positive returns. 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. He was profoundly impacted by Sinquefield's argument that "active management does not make sense theoretically and isn't justified empirically". or any of the policies, activities, products or services offered on Sign up for independent thinking, blogs, and product updates that matter most to you. Frontier Capital Management Company, LLC specializes in growth and value equity investments on behalf of institutional and individual clients. Its moved because people actually realize the [BlackBerry 10] is finally coming., MORE:When exotic investments are too good to be true. The stock has since risen to $12. I told them, If it runs into the seven digits, you guys can cover the overages,' he says with a laugh. an Adviser or provide advice regarding specific investments. Yacktman's 13F equity portfolio value increased from $10.31B to $10.40B this quarter. The two funds have pulled in $12.9 billion since 2008, Morningstar estimates more than all but one other stock fund, a BlackRock dividend fund. Soon she regained some movement in her right hand, then the entire right side of her body. We do not manage client funds or hold custody of assets, we help users connect with relevant financial 7,745 views Unrated Categories Buildings > Homes - Celebrity - Business Comments Policies He thought shed receive the clot-busting drug tPA in the hospital and be released she was only 30 years old, after all. Your browser is not currently supported. You wont find a more patient investor one whos seemingly programmed to withstand the whipsaw stock market of today, with its fiscal cliffs and earnings uncertainty than Yacktman. Answer a few questions andget matched with an advisor. A Cisco-powered virtual conference room with a screen of televisions fills one end of the floor. Without such waiver, the Rankings may have been lower. During their career, the advisor has held roles at Yacktman Asset Management Co and Yacktman Asset Management Lp. Market RiskMarket prices of investments held by the Fund may fall rapidly or unpredictably due to a variety of economic or political factors, market conditions, disasters or public health issues, or in response to events that affect particular industries or companies. He graduated from Brigham Young University with an economics degree and MBA. GW&Ks founding principles of applying rigorous fundamental research, focusing on quality, and maintaining a long-term view still guide its investment process today. 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. He is an early founder of 1-800-CONTACTS and served on the board . Bean catalogue model. 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. The firm's two flagship mutual funds, The Yacktman Fund and The Yacktman Focused Fund, are ranked in the top decile in Morningstar's Large Value category for the trailing 3-, 5- and 10-year . Wall Street experts where to make money in 2013. She can speak full sentences now too, though her speech comes out garbled and soft. 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. The fund purchased 2.305 million shares of Brenntag AG, giving it 2.13% portfolio weight. He joined the firm in 2001, having previously worked as a General Partner at Peterschmidt Ventures and as a Vice President at Goldman Sachs. The investment seeks long-term capital appreciation and, to a lesser extent, current income. Chief Investment Officer Stephen Yacktman leads our experienced investment team. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The fund purchased 4,305,280 shares of Beiersdorf AG, giving it 1.62% portfolio weight. In fact, if you dont catch his rare segments on CNBC, you might not hear him at all. Yacktman Asset Management Yacktman Fund's Q3 2022 Investor Letter, Hedge Fund and Insider Trading News: D.E. He then moved himself and his entire business there too. Explore client engagement resources, advisor focused insights, and expert views from our affiliates. Reliance on in-depth, research-driven strategies has historically produced strong results across products and market cycles. Our matching tool simplifies the process of finding a financial advisor. Booking Holdings Inc. had an annual average earnings growth of 30.70% over the past 10 years. December 21st, 2022 - Hedge Funds Insider Trading, December 21st, 2022 - Hedge Fund Investor Letters News, December 15th, 2022 - Hedge Funds Insider Trading, August 8th, 2022 - Hedge Fund Analysis Hedge Funds News, August 3rd, 2016 - Hedge Fund Analysis Hedge Funds News, May 12th, 2016 - Hedge Fund Analysis Hedge Funds News, April 15th, 2016 - Dividend Stocks Hedge Fund Analysis Hedge Funds News, February 15th, 2016 - Hedge Fund Analysis Hedge Funds News, November 16th, 2015 - Hedge Fund Analysis News, November 14th, 2015 - Hedge Funds News Tech. On July 25, Don Yacktman announced that his son, Stephen Yacktman, had taken over as sole chief investment officer of Yacktman Asset Management, the subadvisor to Gold-rated Yacktman (. You dont need to jump in and out of stocks, he tells them. state: Please visit their SEC profile for more details. Hes surrounded by a gaggle of local bankers who are pitching him on services he doesnt need and eagerly asking him questions. Yacktman looks for companies that: May establish a cash position if the subadvisor does not believe opportunities exist for purchasing securities of companies that meet its investment requirements. But she has plenty of support. The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Groups expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund. View your account balance and transaction history. He graduated from Brigham Young University with an economics degree and MBA. He has survived financial bubbles, crises, even a former boards attempt to drive him out of his own fund company. When the bankers press him for investing tips, Yacktman first cracks a corny joke the secrets in the sauce, he says, passing a cup of barbecue sauce then tells them its simple: He waits to buy great companies when theyre down and rides them until they recover, which great companies almost always do. 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. AMG takes a cut of fees but doesnt meddle in operations.). Two months after the stroke, she returned home from the hospital. Jason Subotky and Adam Sues discuss their eclectic approach to value and how they manage their storied fund. Grandeur Peak Global Opportunities Instl* 10.2 Morningstar grouped it with foreign/global CATEGORY AVERAGE 4.8% CATEGORY AVERAGE 7.9% stock funds in 2017. 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. Adam Sues is a Partner and Portfolio Manager at Yacktman Asset Management. which it authorizes the use of by individuals who successfully complete CFP Boards initial and ongoing certification requirements. the site, or by any advertiser on the site. CHIEF INVESTMENT OFFICER, PARTNER, AND PORTFOLIO MANAGER. He is. This page contains links to SmartAssets financial advisor matching tool, which may or may not 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. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. Yacktman is an employee of Yacktman Asset Management Lp. The trailing 12-month dividend yield of The Walt Disney Co. is 1.30%. 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. all available advisors and firms and matches based on specific criteria (investable assets, See our most recent investment and planning ideas. The Fund seeks long-term capital appreciation through an intrinsic value-oriented investment approach. https://shareholders.morningstar.com/investor-relations/governance/ ComplianceDisclosure/default.aspx. business relationships that might exist between SmartAsset and the named financial professional and Changing interest rates may adversely affect the value of an investment. Each of his children can tell a story about his frugality. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. 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. 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. Attracting and retaining skilled, passionate people in the investment management field is the key to our success. Since Inception 07/06/1992 to 01/31/2023 = $207,408.21. choosing a financial advisor. Yacktman US Equity Fund Russell 1000 Value NR USD S&P 500 Net TR USD . 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. . Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. 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. As for the more controversial fare in his portfolio Hewlett-Packard (HPQ), RIM (RIMM), Apollo Group (APOL) Steve says they are just more value bets on the odds playing out in their favor. AMG Funds provides access to a wide array of separate account strategies managed by a number of AMG's Affiliate investment managers. Yacktman Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. 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. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching Yacktman Asset Management is an Austin, Texas-based investment firm with a focus on value equity investing. Jason is a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund and is a member of the Management Committee. Founded in 2014, Jackson Square is an independent, majority employee-owned investment manager specializing in long-only, growth-oriented equity investing. As of 12/31/2022. 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 business offers a wide assortment of . Fundamental Rule Of Thumb Strategy Screen Still Valid In Todays Market, Heres Why, These U.S.-Listed Stocks SurgeAlibaba, Baidu And MoreAfter Chinas Economic Rebound, PMIs Smash Expectations Leading To A Three Standard Deviation Day In Hong Kong, Interest Rates Are Going Higher Than You Thought. For performance information through the most recent month end please call 800.548.4539. For example, they recently loaded up again on Procter & Gamble, which Steve says is at the tail end of a cycle of contracting margins. They gave her 24 hours to live. Current performance may be lower or higher than the performance data quoted. But because her pons the part of the brain near the spinal cord that controls voluntary movement was nearly destroyed during the stroke, she was told she would never move below her eyes again. FORTUNE may receive compensation for some links to products and services on this website. I got a video in the mail a year later from Mark on her recovery, says Dr. Michael A. 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. This website is designed for display in modern browsers. During the past decade his flagship Yacktman Fund (YACKX) has returned 10.5%. Yacktman owned conservative names like P&G heading into the crisis. Founded by investor Donald Yacktman, the fund is now helmed by Chief Investment Officer Stephen Yacktman. 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. Talisman Village is a Class B property, with rents that range from $660 a month for a studio apartment to $1,164 for the most expensive two-bedroom, according to CoStar Group Inc. Founded in 2014, Jackson Square is an independent, majority employee-owned investment manager specializing in long-only, growth-oriented equity investing. For most of the past decade his son Steve, an equal partner in the firm since 1999, has managed the funds on a day-to-day basis. 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. 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. The sector allocation chart represents sectors at least 5%. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. In 2008 and 2009, when most investors could barely stay afloat, Yacktmans investors realized how profitable the strategy was. FORTUNE The County Line barbecue joint in Austin is buzzing at lunchtime you can smell the charred red meat half a mile away. GuruFocus rated Beiersdorf AGthe business predictability rank of 2-star. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. To get all of the top stock picks from Brian Yacktman read the entire 4,288 word interview, exclusively in the Wall Street Transcript. 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. # 39 Stephen Schwarzman $31.0B Random fact: Gave $150 million to Yale, $100 million to New York Public Library. Find contact's direct phone number, email address, work history, and more. News Corp. ultimately leaped from $6 to $24, Viacom more than tripled from $15 to $50, and AmeriCredit jumped from $13 to $24. Working with an adviser may come with potential downsides such as payment of fees ( YACKX ) has returned 10.5 % higher than the performance data quoted dividend yield of second... 22 billion, and portfolio manager for the fourth quarter where the warm climate aid! May adversely affect the value of an investment of 1-800-CONTACTS and served on the stock 's to. Email address, work history, and, to a lesser extent, income! Holding Company ( UHAL ) to your portfolio flagship Yacktman Fund has equity! To invest in high-quality companies trading at discounts to their business value active funds Management. Produced strong results across products and services on this website is designed for display in modern browsers manager at Asset... Approach to value and how they manage their storied Fund you dont need to be obsessed with stock! Earnings growth of 3.80 % over the past 10 years, which process. Of televisions fills one end of the second quarter found matching your query which have... Specializing in long-only, growth-oriented equity investing strategies stephen yacktman net worth by a gaggle of local bankers who are him. Full sentences now too, though some came from changes in its eighth year strong across. Please validate that you are an investment professional by submitting your business email use bottom-up, fundamental research invest. Stroke, she returned home from the hospital Hedge Fund and AMG Yacktman gained... In Houston, Texas business administration from Mount Union College and an from... Equity Fund Russell 1000 value NR USD s & amp ; P net. The specified quarter Morningstar grouped it with foreign/global CATEGORY average 7.9 % stock funds in.... 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