Yacktman Loads Up On eBay, Aggreko, Samsung; Sells Dell, News Corp

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Yacktman Focused Fund, one of the funds of Yacktman Asset Management, reported that its portfolio has a market value of $9,474,848,000 in the fourth quarter of 2013. It has stockholdings in 38 corporations.

Yacktman’s new positions

During the fourth quarter, Yacktman Focused Fund purchased 3,200,000 shares of eBay Inc (NASDAQ:EBAY), 1,686,000 shares of Aggreko Plc (OTCMKTS:ARGKF), and 11,350 shares of Samsung Electronics Co. Ltd (F) (OTCMKTS:SSNLF) (KRX:005935).

The fund had been trading shares of eBay Inc (NASDAQ:EBAY) since the fourth quarter of 2006. During the third quarter of 2012, Yacktman Focused Fund sold out its entire stake in the company.  The fund acquired its current stake in the e-commerce retailer for $54.89 per share. EBAY is trading around $53.83 per share on Thursday, January 16.

Yesterday, Macquarie analyst Ben Schachter reported that eBay Inc (NASDAQ:EBAY) is planning to introduce a new marketplace for brands called “The Plaza” to directly sell to customers. According to the analysts, he learned about the plan during an industry conference wherein one retailer told him that the new market place allows brands to sell through the company “without having to worry about weakening their brand.”

Yacktman Focused Fund paid $28.36 per share for its stake Aggreko Plc (OTCMKTS:ARGKF). The stock price of the company is down by more than 1% to $27.70 a share as of this writing. The company is a power generation and temperature control equipment provider worldwide. Its annual income and revenue growth over the past five years is more than 20%.

The fund bought its stake in Samsung Electronics Co. Ltd (F) (OTCMKTS:SSNLF) (KRX:005935) for $961.67 per share.  Adnaan Ahmad, an analyst at Berenberg in London recently predicted that stock price of South Korean electronics company will decline by 11% citing that Apple Inc (NASDAQ:AAPL) and Chinese competitors will capture some of its market share. According to the analyst, investors will sell their stake in the company. He said, “Selling is totally justified because the market now understands that the margin profile will change drastically.”

Yacktman’s added positions

Yactman Focused Fund increased its stockholdings in Cisco Systems, Inc (NASDAQ:CSCO) to 5,286,000 shares, PepsiCo Inc (NYSE:PEP) to 2,375,000 shares, The Coca-Cola Company (NYSE:KO) to 2,400,000 shares, and Oracle Corp (NYSE:ORCL) to 1,245,000 shares.

Yacktman’s sold out positions

The fund sold out its entire position in Dell Inc. (NASDAQ:DELL) and News Corporation (NYSE:NWSA).

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