Yacktman Asset Management’s equity portfolio has a market value of $15,238,164,000 for the third quarter based on its 13F filing with the Securities and Exchange Commission (SEC).
Donald Yacktman is a partner, portfolio manager and chief investment officer of Yacktman Asset Management, which is focused on valuation, bottom-up stock selection, protecting and growing capital.
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Sabrepoint Capital Partners was up 16.18% for the fourth quarter, bringing its full-year return to 27.49% for 2020. The S&P 500 Total Return Index gained 17.4% during the year. The fund with $300 million in assets under management reports that its long positions contributed 55.2% to its 2020 return, while its shorts subtracted 16.7%. Q4 Read More
Yacktman’s new stock acquisitions
During the quarter, Yacktman Asset Management initiated positions in PayPal Holdings and Preformed Line Products Company.
The firm owns 7,000 shares of PayPal, which was separated from eBay in July as an independent publicly-traded company. PayPal recently reported earnings of $0.31 per share on $2.26 billion in revenue for the third quarter. PayPal’s active customers increased 2.4% to 173 million.
Yacktman Asset Management purchased 5,894 shares of Preformed Line Products Company, a designer and manufacturer of products and systems used in construction and maintenance of overhead and underground networks.
Preformed Line Products reported third quarter earnings of $0.04 per share, down from $0.48 per share in the same period a year ago. Its net sales were $89.04 million, lower than the $102.1 million recorded last year.
Yacktman increased positions
Yacktman Asset Management increased its stockholding in the Class A shares of Twenty-First Century Fox by 2,435,546 shares to 40,611,243 shares. Its FOXA stake has a market value of approximately $1.09 billion.
The firm also boosted its stake in the Class B shares of Twenty-First Century Fox by 4,023,190 shares to 32,334,835 shares. Its FOX stake has a market value of around $875.3 million.
Over the past 52 weeks, FOXA shares traded between $22.81 and $39.27 each.Twenty-First Century Fox lost 22% of the stock value of its Class A shares year-to-date.
On the other hand, FOX shares traded between $22.85 and $37.83 each for the past 52 weeks. Twenty-First Century Fox lost 18% of the stock value of its Class B shares year-to-date.
During the quarter, Yacktman Asset Management also increased its stake in Johnson & Johnson by 118,386 shares to 7,560,334 shares worth approximately $705.7 5 million. Johnson &Johnson recently acquired Novira Therapeutics, which is focused on developing drugs to cure chronic Hepatitis B viral infections.
Yacktman Asset Management also increased its stake in Americas Car Mart by 4,600 shares to 19,200 shares. The firm also bought additional 5,336 shares of Mocon and 2,000 shares of Raven Industries.