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Busy Selling - Yacktman Focused Fund First Quarter

Posted
4/12/2013 6:06:00 PM
By: GuruFocus
Referenced Stocks:AXP;HRB;INTC;JNS;YAFFX

As of the quarter ending March 31, 2013, the Yacktman Focused Fund ( YAFFX ) portfolio shows 36 stocks with a total value of $7.3 billion and a quarter-over-quarter turnover of 7%. The fund is led by Guru Donald Yacktman , president and co-chief investment officer, Yacktman Asset Management LP, in Austin, Texas.

Here's the latest update on The Yacktman Focused Fund 's sells and reductions, as of the quarter ending March 31, 2013:

Sold out: H&R Block Inc. ( HRB )

The Yacktman Focused Fund sold out its H&R Block Inc. ( HRB ) position, unloading 3.3 million shares at an average price of $24.04 for an 18.7% gain.

Sold out: Intel Corp. ( INTC )

The Yacktman Focused Fund sold out its Intel Corp. ( INTC ) position, cashing in 2.3 million shares at an average price of $21.29 for a 1.8% gain.


Sold out: Janus Capital Group, Inc. ( JNS )

The Yacktman Focused Fund sold out its position in Janus Capital Group, Inc. ( JNS ), unloading 4.56 million shares at an average price of $9.46 at a 3.8% loss.


Sold out: Lancaster Colony Corporation ( LANC )

The Yacktman Focused Fund sold out its position with Lancaster Colony Corporation ( LANC ), unloading 460,000 shares at an average price of $72.82, making a 9% gain.


Sold out: Staples Inc. ( SPLS )

The Yacktman Focused Fund sold out its position in Staples Inc. ( SPLS ) selling 2 million shares at an average price of $13.01, for a 5.2% gain.

Sold out: Medtronic Inc. ( MDT )

The Yacktman Focused Fund sold out its position in Medtronic Inc. ( MDT ), unloading 400,000 shares at an average price of $45.49 for a gain of 4.2%.


Sold out: American Express Company ( AXP )

The Yacktman Focused Fund sold out is American Express Company ( AXP ) position, selling 235,000 shares at an average price of $62.26 for a 4.8% gain.

Reduced: Research in Motion Ltd. ( BBRY )

The Yacktman Focused Fund reduced its Research in Motion Ltd. ( BBRY ) position by 50.34%, with remaining shares at 2,190,000. The current price is $13.69 per share, with a change from average down 5%.


Reduced: Goldman Sachs Group Inc. ( GS )

The Yacktman Focused Fund reduced its position with Goldman Sachs Group Inc. ( GS ) by 28.57%, with remaining shares at 250,000. The current share price is $149.12 per share with a change from average up 1%.


Reduced: Bancorp Inc. ( TBBK )


The Yacktman Focused Fund Reduced its Bancorp Inc. ( TBBK ) position by 55.79%, with total remaining shares at 336,000. The current share price is $12.83 with a change from average up 4%.


Reduced: Resource America Inc. ( REXI )


The Yacktman Focused Fund reduced its position with Resource America Inc. ( REXI ) by 50.28%, with remaining shares at 4.41 million. The current share price is $13.69 with a change from average up 38%.

According to the company, the Yacktman Focused Fund seeks "long-term capital appreciation, and, to a lesser extent, current income. The Fund is non-diversified and mainly invests in common stocks of U.S. companies of any size, some, but not all of which, pay dividends." When the company purchases stocks, Yacktman looks for companies that possess one or more of the following attributes: 1) good business; 2) shareholder-oriented management; or 3) low purchase price.



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