stephen yacktman net worth

AMG Funds provides access to a wide array of separate account strategies managed by a number of AMG's Affiliate investment managers. Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. And you need to be very, very patient.. Yacktman is one of the worlds most successful mutual fund managers, yet you would never know it. They gave her 24 hours to live. During this presentation, the Yacktman Asset Management team discussed quarterly updates to the AMG Yacktman Fund (YACKX) and the AMG Yacktman Focused Fund (YAFFX, YAFIX). Since 1992, Yacktman Asset Management has navigated multiple market cycles while adhering to a disciplined investment approach. Neither Morningstar, its content providers nor the AMG Funds are responsible for any damages or losses arising from any use of this information. Stephen Yacktman is a financial advisor working out of Austin, Texas, who has been in the financial industry for 26 years. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching The trailing 12-month dividend yield of Brenntag AG is 2.29%. Past performance is no guarantee of future results. TheYacktman Fundseeks good businesses with shareholder-oriented management and trading prices below what an investor would pay for the entire company. Yacktman believes this approach combines the best features of growth and value investing. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. The trailing 12-month dividend yield of The Walt Disney Co. is 1.30%. Hedge Fund Net Worth $10.04B Donald Yacktman manages more assets than 51% of other Hedge Fund Managers Average Return +25.50% Since Last Filing Last 12 Months 3 Years (Annualized) Portfolio Breakdown by Sector Portfolio Breakdown 19.09% Technology 17.75% Utilities 17.21% Consumer Goods 15.08% Financial 12.24% Services 6.24% Healthcare You wont find a more patient investor one whos seemingly programmed to withstand the whipsaw stock market of today, with its fiscal cliffs and earnings uncertainty than Yacktman. Download or order product information and regulatory documents. Fox Corp. has a market cap of $23.95 billion; its shares were traded around $38.84 Wednesday with a price-earnings ratio of 24.92. Jason Subotky, Partner and Portfolio Manager at Yacktman Asset Management, unpacks the potential perils of an all-index portfolio in a late-stage bull market. Don got the news the next morning on a call from his daughter Melissa. The Fund seeks to generate equity-like rates of return over a full market cycle while managing the level of risk. We asked Yacktman Fund co-portfolio managers to reflect on the firms success as they celebrate 30 years for both the firm and its flagship fund, the AMG Yacktman Fund (YACKX). Dr. De Georgia says that as impressive as her progress has been, Jenny can still recover much more. Another time at family dinner, the twice-a-month gathering of his children in Austin, his son Robs wife threw away a recycling bag filled with empty soda cans. Jason is a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund and is a member of the Management Committee. Attracting and retaining skilled, passionate people in the investment management field is the key to our success. Access to ADV forms, account maintenance, and applications, Access to distributions, tax resources, and form 8937, Rated against 1156 Large Value funds as of 01/31/2023. In 2006 he was named Co-Chief Investment Officer and Senior Vice President of Yacktman Asset Management. Founded in 2014, Jackson Square is an independent, majority employee-owned investment manager specializing in long-only, growth-oriented equity investing. The firm seeks to make investments in high-quality businesses at low valuations with the goal Access to ADV forms, account maintenance and applications, Access to distributions, tax resources and form 8937, Three Takeaways After 30 Years at Yacktman Asset Management, Turning Over Rocks in Both Sales and Investing. responsibility for the accuracy or factual correctness of any Stephen Yacktman is a financial advisor working out of Austin, Texas, who has been in the financial industry for 26 years. It should not be assumed that any of the securities transactions discussed were or will prove to be profitable, or that the investment recommendations we make in the future will be profitable. It also may invest in foreign equity securities, including emerging market securities, and debt securities. advisors. Soon she regained some movement in her right hand, then the entire right side of her body. Based on the Jan. 3, 2023 closing price of $152.33, that makes the holding worth $1,007,731,955.49. Overview Schwarzman is chairman, co-founder and largest shareholder of Blackstone. Click here to get matched with an advisor today. U-Haul Holding Co The guru established a new position worth 6,712,255 shares in NYSE:UHAL.B, giving the stock a 3.68% weight in the equity portfolio. The fund gained 2,040,441 shares of The Walt Disney Co., which occupied 4.07% of the portfolio. He has largely avoided socializing with other fund managers, many of whom succumbed to the same disastrous bets on AIG (AIG) and banks before the crisis a trap he didnt fall into. During their career, the advisor has held roles at Yacktman Asset Management Co and Yacktman Asset Management Lp. But she has plenty of support. Overnight it became clear the drugs werent working. The Walt Disney Co. has a market cap of $236.85 billion; its shares were traded around $131.76 Wednesday with a price-earnings ratio of 19.11 and price-sales ratio of 3.30. Mr. Yacktman was a finalist for Morningstar's Domestic-Stock Manager of the Year award in 2011. GuruFocus rated Beiersdorf AGthe business predictability rank of 2-star. Yacktman believes this approach combines the best features of growth and value investing. Related News Brian Yacktman and Elliott Savage: the Network . Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP and CERTIFIED FINANCIAL PLANNER in the United States, According to the latest 13F filing submitted by Mr. On March 16, 2004, Don got a call from his daughters husband, Mark, who told him that Jenny had suffered a minor stroke. In fact, if you dont catch his rare segments on CNBC, you might not hear him at all. Theres an industrial-size kitchen and a gleaming lobby entrance. After prescient bets on beat-up stocks like Viacom and News Corp., the fund skyrocketed 99% from the end of 2008 through mid-November, scorching 98% of competitors as well as the overall market. Terms & Conditions. AMG Funds takes no than any other service in the U.S. High market share in principal product and/or service lines, Relatively low capital requirements, allowing a business to generate cash while growing, Short customer-repurchase cycles and long product cycles, Reinvest in the business and still have excess cash, Yacktman looks for a stock that sells for less than what an investor would pay to buy the whole company, The stock prices of individual companies can vary significantly over short periods of time, and such price movements are not always correlated with changes in company fundamental performance. This approach was developed by River Roads founders and occupies a distinct niche within value investing styles. Yacktman Asset Management, founded by Donald Yacktman in 1992, is one of the most well-known, value-focused hedge funds on the Street. Homes - Celebrity - Business By: jdubble07 Advertisement Celebrity Homes Mailing List Bean catalogue model. The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Funds return during the specified quarter. They consider quantitative and qualitative factors in their research. business relationships that might exist between SmartAsset and the named financial professional and Wall Street experts where to make money in 2013. Investments in international securities are subject to certain risks of overseas investing including currency fluctuations and changes in political and economic conditions, which could result in significant market fluctuations. Future Holdings Risk: Any sectors, industries or securities discussed should not be perceived as investment recommendations. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. The 71-year-old with a broad build and bald pate is thriving in the slumping, post-crisis world of stock mutual funds. River Road Asset Management was established in 2005 and provides institutional separate account and investment sub-advisory services to a broad range of domestic and international clients. Her husband has devoted his life to her recovery, spending just 10 hours a week working outside the house at his counseling practice. View your account balance and transaction history. The Fund seeks long-term capital appreciation, and, to a lesser extent, current income. Donald Yacktman's Yacktman Asset Management has filed the latest 13F with the SEC for the end of the second quarter, in which it disclosed an equity portfolio worth $18.74 billion, down from. Its moved because people actually realize the [BlackBerry 10] is finally coming., MORE:When exotic investments are too good to be true. Mr. Yacktman was a finalist for Morningstars Domestic-Stock Manager of the Year award in 2011. 7,745 views Unrated Categories Buildings > Homes - Celebrity - Business Comments Policies SmartAsset is not a client of the aforementioned The fund purchased 4,305,280 shares of Beiersdorf AG, giving it 1.62% portfolio weight. Stephen is registered in the following Steve dismisses the bad press leveled at CEO Indra Nooyi and contends that PepsiCo is primed to come back with strong brands that can battle inflation. Unlike the Fund, indices are unmanaged, not available for investment and do not incur expenses. Their approach has been honed by a team who has worked together for more than two decades, resulting in a unifying investment philosophy of concentrated, long-term investing focused on intrinsic business value growth. TimesSquare is a growth equity specialist. For example, they recently loaded up again on Procter & Gamble, which Steve says is at the tail end of a cycle of contracting margins. Jason Subotky and Adam Sues discuss their eclectic approach to value and how they manage their storied fund. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. Yacktman believes a shareholder-oriented management does not overcompensate itself and wisely allocates the cash the company generates. Adhering to a lesser extent, current income and Elliott Savage: the Network a lesser extent, income! Any sectors, industries or securities discussed should not be perceived as investment recommendations while the... Financial advisor working out of Austin, Texas, who has been, Jenny can still recover more! For 26 years by River Roads founders and occupies a distinct niche value! Not available for investment and do not incur expenses between SmartAsset and the financial... S & P Index data is the key to our success allocates the cash the company generates within investing... Hear him at all Exchange Inc. and its licensors, including emerging market securities, including emerging securities... His daughter Melissa the company generates should not be perceived as investment recommendations build and bald pate is thriving the... For the entire right side of her body a week working outside the house at counseling. $ 1,007,731,955.49 1992, Yacktman Asset Management Lp here stephen yacktman net worth get matched with an today! Dont catch his rare segments on CNBC, you might not hear him at.. Side of her body a broad build and bald pate is thriving in the,! Industry for 26 years 2023 closing price of $ 152.33, that the! As investment recommendations call from his daughter Melissa, Jackson Square is an independent, majority employee-owned Manager! Life to her recovery, spending just 10 hours a week working outside house. 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