Data Sources: BoNY, FactSet, Bloomberg and ICE Data Analytics. The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data Whats also exceptional is Yacktmans dedication to his family. Adam Sues is a Partner and Portfolio Manager at Yacktman Asset Management. All investing involves risk, including The Firm seeks to invest in high-quality businesses at low valuations, with the goal of generating outperformance over a full market cycle while managing the level of risk. Yacktman is an employee of Yacktman Asset Management Lp. 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. 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. Founded in 2014, Jackson Square is an independent, majority employee-owned investment manager specializing in long-only, growth-oriented equity investing. We asked Yacktman Fund co-portfolio managers to reflect on the firm's success as they celebrate 30 years for both the firm and its flagship fund, the AMG Yacktman Fund (YACKX). Yacktman believes a shareholder-oriented management does not overcompensate itself and wisely allocates the cash the company generates. A Cisco-powered virtual conference room with a screen of televisions fills one end of the floor. https://shareholders.morningstar.com/investor-relations/governance/ ComplianceDisclosure/default.aspx. (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.) Purchase or redeem shares. 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. This is not an offer to buy or sell any security or interest. Please validate that you are an investment professional by submitting your business email. 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 These securities are considered predominantly speculative with respect to the issuers continuing ability to make principal and interest payments. 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 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. Read the latest news, media coverage and press releases from AMG, and view our upcoming events. An increase in interest rates typically causes the value of bonds and other fixed income securities to fall. Returns for periods less than one year are not annualized. Mr. Yacktman was a finalist for Morningstar's Domestic-Stock Manager of the Year award in 2011. Seven years ago Yacktman moved to Austin, but not just to get away from the groupthink. Stephen Yacktman is a financial advisor working out of Austin, Texas, who has been in the financial industry for 26 years. This is a BETA experience. View your account balance and transaction history. Copyright 2023 AMG Funds LLC. 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. 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. Yacktman Portfolio Manager Adam Sues discusses timeless lessons from an early sales job that informed and inspired his early interest in value investing. 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. 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. 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. They consider quantitative and qualitative factors in their research. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP and CERTIFIED FINANCIAL PLANNER in the United States, Boston Common Asset Management (BCAM) is a diverse, women-led, sustainable investor and innovator dedicated to the pursuit of nancial return and social change. 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. advisors. state: Please visit their SEC profile for more details. BCAM is headquartered in Boston, with offices in San Francisco. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. is registered with the U.S. Securities and Exchange Commission as an investment adviser. 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. Shaw Group. The views expressed represent the opinions of AMG Funds LLC and are not intended as a forecast or guarantee of future results. While Don proudly bought a new Honda Accord at Costco, Steve drives a brand-new Cadillac CTS-V, a sedan outfitted with a 560-horsepower Corvette engine. How does he beat the market? The first time I heard I wasnt going to speak, I thought, Yeah, right, Jenny says, sitting in her wheelchair in her expansive living room in Austin with windows looking 20 miles out on the horizon. She blinked once each time. SmartAsset does not AMG Funds are distributed by AMG Distributors, Inc., a member of FINRA/SIPC. The stocks fourth-quarter share price averaged $1,785. Yacktman is approved to advise clients in Texas. He graduated from Brigham Young University with an economics degree and MBA. This isnt Warren Buffett holding court at Piccolo Petes, but its close. 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 (. 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. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. Morningstar Rating is for the share class indicated only (see ticker); other share classes may have different performance characteristics. It also may invest in foreign equity securities, including emerging market securities, and debt securities. Mr. Yacktman was a finalist for Morningstars Domestic-Stock Manager of the Year award in 2011. His voice rarely rises above a quiet conversational level. . He was profoundly impacted by Sinquefield's argument that "active management does not make sense theoretically and isn't justified empirically". The firms equity strategies use bottom-up, fundamental research to invest in high-quality companies trading at discounts to their business value. TimesSquare is a growth equity specialist. Click here to get matched with an advisor today. According to Yacktman Asset Management's last two 13F filings, the value of its 13F portfolio dropped by 14% to $9.64 billion at the end of June from $11.2 billion at the end of the first . Click here to view Index Definitions. After talking stocks, Steve rides the elevator up two floors to show off the Yacktman Funds other big investment: brand-new offices that the firm is gutting and renovating. 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. Related News Brian Yacktman and Elliott Savage: the Network . In this article, we discuss the 10 dividend stocks to buy according to Donald Yacktman's hedge fund. 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. you who suit your needs. Theres an industrial-size kitchen and a gleaming lobby entrance. The Fund seeks long-term capital appreciation, and, to a lesser extent, current income. AlexandraLebenthal the new queen of Wall Street, Why youre right to be obsessed with Apple stock, When exotic investments are too good to be true, LinkedIn has officially entered its cringe era, and its working. Access to ADV forms, account maintenance and applications, Access to distributions, tax resources and form 8937, Three Takeaways After 30 Years at Yacktman Asset Management, Turning Over Rocks in Both Sales and Investing. BlackBerry-maker RIM is an even smaller position in the portfolio but one that has already proved rewarding. The fund gained 1,333,333 of Fox Corp. A-shares, occupying 0.88% of the portfolio. all available advisors and firms and matches based on specific criteria (investable assets, 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. Analyst Ratings ultimately reflect the Manager Research Groups overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. The fund invests primarily in domestic equity securities. 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. Jason is a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund and is a member of the Management Committee. Itd be me, my dad, and a homeless guy at Wendys, she says. Any investor should consider in the aforementioned profile. There are no guarantees that working with an adviser will yield positive returns. Mr. Subotky received a Bachelor of Music from the University of Southern California and an MBA from Brigham Young University. But she has plenty of support. Yacktman Asset Management, an investment management firm, released its Yacktman Fund Q3 2022 investor letter. Assets total a whopping $22 billion, and most of Yacktman's focus is on value-priced equities. match you with the advisor or firm mentioned in this profile. AMG Products from this firm YACKX Yacktman employs a disciplined investment strategy, buying growth companies at what it believes to be low prices. King has a completed bachelor's degree in English and is one of the most popular authors in the world. Steve was a finalist for Morningstar's Domestic-Stock Manager of the Year award in 2011. Don marched out to the garage to save it. But today she hardly has any time to take in the views. which SmartAsset is compensated for lead referrals. The firm strives to achieve solid risk-adjusted returns over time. Investments in international securities are subject to certain risks of overseas investing including currency fluctuations and changes in political and economic conditions, which could result in significant market fluctuations. Founded in 1967, Beutel, Goodman & Company Ltd. (BG) is an independent value-focused investment manager that serves institutional, private wealth, and retail clients. Huntsman Corporation (NYSE:HUN), Oracle Corporation (NYSE:ORCL), and Cisco Systems, Inc. services are limited to referring users to third party advisers registered or chartered as fiduciaries There Wasnt One Today! Yacktman looks for companies that: Yactkmans Jason Subotky and Adam Sues discuss their eclectic approach to value and how they manage their storied fund. 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. Heres Why, 3 Surging Dividends You Do Not Want To Miss Out On, United Parcel Service A Top Socially Responsible Dividend Stock With 3.5% Yield, What To Look For In The February Consumer Price Inflation Numbers, Student Debt Snafu Shows The Danger Of Blending Public Good And Profit. 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. Yacktman Asset Management is an Austin, Texas-based investment firm with a focus on value equity investing. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, 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. The Fund is non-diversified and mainly invests in common stocks of United States companies of any size, some of which pay dividends. 2016 has thus far beenanother disappointing year for stock market investors. The Ranking may reflect the waiver of all or a portion of the funds fees. 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. He has also been co-manager of the Yacktman Focused Fund Security Selection Only since its inception. 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. 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. or any of the policies, activities, products or services offered on He doesnt employ anyone to handle public relations. Find out more below. Basic Info. Working with an adviser may come with potential downsides such as payment of fees Jason Subotky is Partner and Portfolio Manager of Yacktman Asset Management. The firm strives to achieve solid risk-adjusted returns over time. He is. Beiersdorf AG had an annual average earnings growth of 5% over the past 10 years. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. are not responsible for its accuracy. 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. Financial management fee schedules usually vary depending on which service is offered. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. 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. Hes been transferring control of the funds to his second-oldest son, Steve, 42. RECOMMENDED FOR. profile-compliance@smartasset.com. Way in the back corner, Don Yacktman is enjoying his usual: a plate of lean brisket, peppered turkey breast, potato salad, and baked beans. Accordingly, Yacktman generally prefers to wait for buying opportunities. Soon she regained some movement in her right hand, then the entire right side of her body. 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. As of 12/31/2022. The trailing 12-month dividend yield of Brenntag AG is 2.29%. Yacktman Asset Management, an investment management firm, released its Yacktman Fund Q3 2022 investor letter. 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%. See our most recent investment and planning ideas. The fund gained 2,040,441 shares of The Walt Disney Co., which occupied 4.07% of the portfolio. 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