Yacktman Buys TwentyFirst Century; Sells News Corp

By Mani
Updated on

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.

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