Yacktman Asset Management, the investment firm managed by Donald Yacktman, just released its 13f filing with the Securities and Exchange Commission (SEC) for the fourth quarter that ended December 31, 2012.
Based on its latest filing, Yacktman Asset Management has approximately $16.67 billion assets under management, up from $16.63 billion during the previous quarter. Yacktman initiated two new positions and increased its holdings across 28 stocks. He sold out three stocks and reduced his holdings across 20 equities.
During the fourth quarter, Yacktman bought more than 14.9 million shares of Dell Inc. (NASDAQ:DELL) and 2,800 shares of International Business Machines Corp. (NYSE:IBM). Dell represents 0.91 percent of the value firm’s portfolio with more than $151.2 million market value. The girms’s position in IBM was worth $536,340.
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More
Yacktman boosted his holdings in The Coca Cola Company (NYSE: KO) by more than 3.1 million shares to 16,584,021 shares. Its market value was approximately $601.17 million and represented 3.53 percent of 3.53 percent of its portfolio.
Yacktman also added its position in Stryker Corporation (NYSE:SYK) by more than 2.34 million shares to 12,064,853 shares. Its total position in the company is worth more than $661.39 million and accounts for 3.97 percent of its portfolio.
Yacktman also bought more than 1.7 million additional shares of Avon Products Inc (NYSE:AVP), 817,910 shares of PepsiCo, Inc (NYSE:PEP), 456,105 shares of Corning Incorporated (NYSE:GLW), 6,000 shares of Wells Fargo & Company (NYSE:WFC), and 103,068 shares of WellPoint, Inc. (NYSE:WLP).
The investment management firm reduced its holdings in Research In Motion Limited (USA) (NASDAQ:RIMM) (TSE:RIMM) by more than 11 million shares. The Canadian firm recently changed its business name to BlackBerry, to unify its image and launched two new Blackberry 10 smartphones; Z10 with 4.2-inch, 356 pixels-per-inch touch screen, and Q10, with s a QWERTY keyboard and a portrait display.
Yacktman also decreased its stakes in News Corp (NASDAQ:NWS) by 23,600 shares, and H&R Block, Inc. (NYSE:HRB) by more than 4.1 million shares. He also reduced his position in Pfizer, Inc (NYSE:PFE) by 844,385 shares and Toyota Industries Co (PINK:TYIDY) by 800,000 shares.
Yacktman sold out its holdings in Abbot Laboratories (NYSE:ABT), Liberty Interactive Corporation (NASDAQ:LVNTA).
Yacktman is one of the best performing value investor and has been successful in selecting undervalued stocks that generated strong returns over the years. He spends time researching about his target companies before investing in them.