stephen yacktman net worth

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). 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. 15 top stock picks from star investors. The named financial professional and firm have not reviewed, approved, or endorsed this profile and 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. BCAM is headquartered in Boston, with offices in San Francisco. compiled from the SEC and He joined the firm in 2013 and is portfolio manager for the AMG Yacktman Special Opportunities Fund. His son Brian, 33, remembers Don hiring him out of business school for $35,000 less than the going rate for MBAs. A Cisco-powered virtual conference room with a screen of televisions fills one end of the floor. match you with the advisor or firm mentioned in this profile. The stock prices of individual companies can vary significantly over short periods of time, and such price movements are not always correlated with changes in company fundamental performance. review the ongoing performance of any Adviser, participate in the management of any users account by 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. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, Since AMG Yacktman I made its debut in July of 1992, YACKX has garnered more than $6.47 billion in assets. Yacktman Asset Management Yacktman Fund's Q3 2022 Investor Letter, Hedge Fund and Insider Trading News: D.E. 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. See our most recent investment and planning ideas. The fund purchased 2.305 million shares of Brenntag AG, giving it 2.13% portfolio weight. For performance information through the most recent month end please call 800.548.4539. 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. 56% of rolling five-year periods since Stephen Yacktman's tenure began in December 2002, it . She can speak full sentences now too, though her speech comes out garbled and soft. Assets total a whopping $22 billion, and most of Yacktman's focus is on value-priced equities. This is not an offer to buy or sell any security or interest. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. As its assets have skyrocketed, so has client demand to meet the father-and-son duo. selected site. The fund purchased 4,305,280 shares of Beiersdorf AG, giving it 1.62% portfolio weight. On kite-surfing vacations to Maui, he skips across the water at 30 miles per hour and flies 40 feet above the waves. Don got the news the next morning on a call from his daughter Melissa. Top 10 Holdings (3/31/2008) Fund Facts (3/31/2008) Comanagers Stephen Yacktman and Jason Subotky are not strict value investors, but they are very valuation-conscious. To match you with top 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. The fund purchased 117,500 shares of Booking Holdings, giving it 3.68% portfolio weight. Hes been transferring control of the funds to his second-oldest son, Steve, 42. 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. The forward dividend yield of Brenntag AG is 2.29%. 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). Basic Info. Heptagon Yacktman U.S. Equity. Compare Stephen Jackson's Net Worth He was born on April 5, 1978 in Houston, Texas. 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. The Morningstar Analyst RatingTM is not a credit or risk rating. 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. MORE:Why youre right to be obsessed with Apple stock. 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. In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. But today she hardly has any time to take in the views. They gave her 24 hours to live. This is a BETA experience. Morningstar Rating is for the share class indicated only (see ticker); other share classes may have different performance characteristics. Past performance is no guarantee of future results. Jason is a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund and is a member of the Management Committee. 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. 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. 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. It was an ugly drive, he recalls. The stocks first-quarter share price averaged $1,120. The firm strives to achieve solid risk-adjusted returns over time. He joined the firm in 2001, having previously worked as a General Partner at Peterschmidt Ventures and as a Vice President at Goldman Sachs. responsibility for the accuracy or factual correctness of any 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. 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. How does he beat the market? This website is designed for display in modern browsers. Any securities discussed may no longer be held in an accounts portfolio. . Six of his seven children have followed him from Chicago, where he lived for 38 years, to Austin, where he moved in 2005. Way in the back corner, Don Yacktman is enjoying his usual: a plate of lean brisket, peppered turkey breast, potato salad, and baked beans. The sector allocation chart represents sectors at least 5%. Please validate that you are an investment professional by submitting your business email. 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. Stephen Yacktman was nominated for Morningstar's Domestic Stock Fund Manager of the Year - 2011. . This story is from the December 24, 2012 issue ofFortune. 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. Jason Subotky and Adam Sues discuss their eclectic approach to value and how they manage their storied fund. If they can't find enough attractive investment opportunities, they will let. The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Funds return during the specified quarter. Seven years ago Yacktman moved to Austin, but not just to get away from the groupthink. All investing involves risk, including (Also, in planning for his firms continuation beyond his death, this summer Don sold a controlling equity stake to Affiliated Managers Group (AMG), which owns other respected asset managers, including Tweedy Browne. The trailing 12-month dividend yield of The Walt Disney Co. is 1.30%. His daughter Melissa, 35, recalls working for him during summer breaks, when lunchtime included inviting the passing homeless man to eat. He founded Yacktman Asset Management in 1993, and has steered the company ever since. Don marched out to the garage to save it. 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. 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. What Happens When Corporate Earnings Fall? Powered and implemented by Interactive Data Managed Solutions. Mr. Subotky received a Bachelor of Music from the University of Southern California and an MBA from Brigham Young University. The firm was founded upon a proprietary Absolute Value investment discipline. 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. 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. They consider quantitative and qualitative factors in their research. He answers his phone himself. The spectacular returns and conservative approach have attracted new money a lot of new money to Yacktmans funds. 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. King has a completed bachelor's degree in English and is one of the most popular authors in the world. 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). BlackBerry-maker RIM is an even smaller position in the portfolio but one that has already proved rewarding. Financial management fee schedules usually vary depending on which service is offered. According to the latest 13F filing submitted by Mr. This isnt Warren Buffett holding court at Piccolo Petes, but its close. 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. 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. 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. He graduated from Brigham Young University with an economics degree and MBA. What If There Is No Tomorrow? Yacktman employs a disciplined investment strategy, buying growth companies at what it believes to be low prices. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. Whats also exceptional is Yacktmans dedication to his family. All Rights Reserved. He is an early founder of 1-800-CONTACTS and served on the board . loss of principal. In fact, if you dont catch his rare segments on CNBC, you might not hear him at all. 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. Returns for periods less than one year are not annualized. 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. Stephen Malkmus was born in Santa Monica, California in May 1966. 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. It is a subjective evaluation performed by Morningstars manager research group, which consists of various Morningstar, Inc. subsidiaries (Manager Research Group). Mr. Yacktman was a finalist for Morningstar's Domestic-Stock Manager of the Year award in 2011. 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 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 Jason Subotky is Partner and Portfolio Manager of Yacktman Asset Management. Stephen Yacktman is a financial advisor working out of Austin, Texas, who has been in the financial industry for 26 years. Yacktman is approved to advise clients in Texas. The funds bought a lot of shares near $7 over the past few months. They are a trusted partner to institutional investors globally, providing mutual fund and separate account management. These securities are considered predominantly speculative with respect to the issuers continuing ability to make principal and interest payments. One recent blog post reads, I HAVE CONTINUED 2 BE SUPER UPSET BY PEOPLE TEMPORARILY PARKING IN THE HANDICAPPED AREAS. When her in-laws, who dont know much sign language, visited in November, she couldnt easily talk about the family or the upcoming presidential election. So he flew to Atlanta that day for a meeting. Opinions expressed by Forbes Contributors are their own. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. Yacktman is far from the action on Wall Street or in Chicago, where he lived for most of his life. 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. Yacktman Asset Management ( Trades, Portfolio )'s top five trades of the quarter. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. FORTUNE The County Line barbecue joint in Austin is buzzing at lunchtime you can smell the charred red meat half a mile away. The trailing 12-month dividend yield of Beiersdorf AG is 0.79%. Theres an industrial-size kitchen and a gleaming lobby entrance. Founded in 2003, Veritas Asset Management is a leading Global and Asian equities manager. Any securities discussed may no longer be held in an accounts portfolio 7 over the past few months but. To meet the father-and-son duo end of the most recent month end please call 800.548.4539 class indicated only ( ticker! 35, recalls working for him during summer breaks, when lunchtime included inviting the passing homeless to... Over time the funds return during the specified quarter display in modern browsers the quarter barbecue in. Degree and MBA Line barbecue joint in Austin is buzzing at lunchtime you can smell the charred red half. Flies 40 feet above the waves schedules usually vary depending on which is... 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