Donald Yacktman’s Yacktman Asset Management LP, a mutual fund, recently filed a 13F form with the Securities and Exchange Commission detailing the changes in its investment portfolio in the third quarter of 2012. The fund holds large positions in almost every big name of the industry. Here is the breakup:
The fund’s top holding are in News Corp (NASDAQ:NWSA) (NASDAQ:NWS), the position takes more than 11 percent of the portfolio, 267,108 shares were sold in the last quarter. The next four large positions are in The Procter & Gamble Company (NYSE:PG), which holds 11.5 percent of the portfolio, PepsiCo, Inc. (NYSE:PEP), 9.4 percent, Cisco Systems, Inc. (NASDAQ:CSCO) 6.03 percent, and Microsoft Corporation (NASDAQ:MSFT) 5.39 percent. Other names in the top ten holdings are, Sysco Corp (NYSE:SYS), C.R. Bard, Inc. (NYSE:BCR), Viacom, Inc. (NASDAQ:VIAB) (NASDAQ:VIA), Johnson & Johnson (NYSE:JNJ), and Stryker Corporation (NYSE:SYK).
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The largest new addition to the portfolio was an acquisition of 3,518,467 shares of WellPoint, Inc. (NYSE:WLP) which makes 1.25 percent of the total investments. Yacktman has previously owned the stock in 2010, the addition of this position hints that the fund is optimistic about Wellpoint’s future outlook. Wellpoint’s large exposure in health insurance gives a significant sway in the industry and ability to bargain cost structure to its benefit.
Other new positions were initiated in, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW), Liberty Interactive Corp (NASDAQ:LINTA), and a small stake in Abbott Laboratories (NYSE: ABT).
The largest addition made in the top ten holdings in the quarter ending on September 30 was in Stryker Corporation (NYSE:SYK), the position is now Yacktman’s 10th largest holding, and takes up 3.25 percent of the portfolio. The largest change in the top five was made in Cisco, as 6,493,156 shares were added in Q3, a 14 percent change. Interestingly, Yacktman has increased its position in the embattled Research In Motion Limited (TSE:RIM) (NASDAQ:RIMM) by 108 percent, adding 12,233,010 more shares. The mutual fund also bought 6,707,760 more shares of The Coca-Cola Company (NYSE:KO), a 99 percent change. KO now takes up 3.45 percent of the total assets.
Small reductions (less than 1 percent change) were made in News Corp (NASDAQ:NWSA) (NASDAQ:NWS), PepsiCo, Inc. (NYSE:PEP), and Microsoft Corporation (NASDAQ:MSFT). Stakes in Walgreen Company (NYSE:WAG) and UnitedHealth Group Inc. (NYSE:UNH) were closed in Q3.