Yacktman Takes New Positions In Oracle And Wells Fargo

Yacktman Takes New Positions In Oracle And Wells Fargo
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Yacktman Asset Management in its second quarter 13F filing reported new long positions in Oracle Corporation (NYSE:ORCL) and Wells Fargo & Co (NYSE:WFC).

Yacktman Takes New Positions In Oracle And Wells Fargo

The asset management company’s 13F filing reveals its portfolio value stood at over $21 billion as of June 30, 2013, as it took fresh exposures in two new stocks, while it added 25 stocks of its existing portfolio of stocks. However, the asset management company sold out positions in three stocks.

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Yacktman’s fresh positions

Donald Yacktman’s Yacktman Asset Management took a fresh position in the enterprise software major, Oracle Corporation (NYSE:ORCL) buying 20,061,099 shares representing 2.91 percent of its overall portfolio.

The asset management company also took fresh position in the fourth-biggest U.S. bank, Wells Fargo & Co (NYSE:WFC) buying 4,824,487 shares representing 0.94 percent of its portfolio.

Incidentally legendary investor Warren Buffet has over 458.17 million shares in Wells Fargo & Co (NYSE:WFC). Warren Buffet holds nearly 20 percent of his total portfolio in Wells Fargo.

Yacktman’s top positions

News Corp New CL A COM STK (DE) takes the top position in the asset management company’s overall portfolio as the Donald Yacktman’s company held 72,291,747 shares representing 11.14 percent of its total portfolio.

Consumer packaged goods major The Procter & Gamble Company (NYSE:PG) occupies the second slot as Yacktman Asset Management held 25,393,047 shares representing 9.24 percent of its portfolio.

Yacktman’s third largest holding was in the global food and beverage company, PepsiCo, Inc. (NYSE:PEP), where it held 22,953,521 shares representing 8.87 percent of its portfolio.

Networking major Cisco Systems, Inc. (NASDAQ:CSCO) occupied the fourth position in Yacktman Asset Management’s second quarter as the company held 52,890,691 shares signifying 6.08 percent of its overall portfolio.

Donald Yacktman’s asset management company again reposed bullish tone in the Information Technology space by holding 36,140,945 shares representing 5.90 percent of its portfolio.

Sold out positions

Yacktman Asset Management sold out its entire positions in the diversified media and information services company, News Corp (NASDAQ:NWSA) (NASDAQ:NWS), as it shed 75,774,270 shares representing 11.85 percent of its previous quarter portfolio.

Donald Yacktman’s asset management company sold off its entire position in the money movement and payment services major, The Western Union Company (NYSE:WU) by selling all its 56,400 shares during the second quarter.

Yacktman Asset Management also trimmed its entire portfolio of 80,000 shares during the second quarter in Japan-based global automobile major Toyota Motor Corporation (ADR) (NYSE:TM). It sold off its entire holding in Toyota’s Indus CRP UNSP/ADR during the second quarter.

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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
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