Yacktman Asset Management in its second quarter 13F filing reported new long positions in Oracle Corporation (NYSE:ORCL) and Wells Fargo & Co (NYSE:WFC).
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.
Gates Capital Management's Excess Cash Flow (ECF) Value Funds have returned 14.5% net over the past 25 years, and in 2021, the fund manager continued to outperform. Due to an "absence of large mistakes" during the year, coupled with an "attractive environment for corporate events," the group's flagship ECF Value Fund, L.P returned 32.7% last Read More
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.