Yacktman Buys TwentyFirst Century; Sells News Corp

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.

Yacktman Buys TwentyFirst Century; Sells News Corp

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.

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.

Top positions

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.

About the Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports