Yacktman Asset Management LP revealed in its recent 13F filing that it added 3 new stocks to its portfolio, bought more shares of eight stocks, exited one stock and reduced holdings in 34 stocks.
The top ten holdings of Yacktman Asset Management represent 63.33% of its portfolio. The large advisory firm’s market value stood at $22.42 billion as of 30th September 2013.
Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More
Yacktman’s new positions
Twenty-First Century Fox Inc (NASDAQ:FOX) was the biggest new addition to its portfolio during the last quarter. Yacktman purchased 70,753,947 shares of the company representing 10.57% of its portfolio for $2.37 billion.
Another big new addition was News Corp (NASDAQ:NWSA) in which Yacktman purchased 106,500 shares for $1.75 million, representing 0.01% of Yacktman’s portfolio.
The new addition of Twenty-First Century Fox Inc (NASDAQ:FOX) is the biggest holding of Yacktman Asset Management as of September 30. The global food and beverages company, PepsiCo, Inc. (NYSE:PEP), is the second-largest holding for Yacktman where it held 27,937,091 shares valuing $2.22 billion. PepsiCo represented 9.91% of Yacktman’s total portfolio.
Consumer packaged goods company The Procter & Gamble Company (NYSE:PG) was the third-largest holding of Yacktman Asset Management, where it owned 25,107,262 shares valuing $1.897 billion. It represented 8.46% of Yacktman’s total portfolio.
Beverage companies seem to be finding favor with Yacktman, as the later owned 39,816,732 shares of The Coca-Cola Company valuing $1.50 billion comprising 6.73% of its total portfolio. Software giant Microsoft Corporation (NASDAQ:MSFT) occupies the fifth position – as of September 30, Yacktman owned 35,747,708 shares of Microsoft valuing $1.19 billion comprising 5.31% of its portfolio.
Sold out positions
Yacktman Asset Management has sold out its entire holdings of 426,000 shares in News Corp Class B shares that comprised 0.07% of its earlier portfolio.
Yacktman also sold 59,935,946 shares of News Corp (NASDAQ:NWSA) that represented a dominant 11.14% of its previous portfolio. It also pared down its holdings in Bancorp Inc, selling 1,588,000 shares.
Yacktman Asset Management also reduced its exposure in Hewlett-Packard Company (NYSE:HPQ) by disposing 3,302,163 shares, where it held 1.08% of its earlier portfolio.