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Yacktman Fund Reduces 6 Mega Holdings

By: GuruFocus
Posted: 10/16/2013 10:45:00 AM
Referenced Stocks: CSCO;HPQ;MSFT;NWSA;VIAB

Self-made billionaire, investor and Texan, Donald Yacktman invests in high-quality large cap companies. As of Oct. 15, 2013, the portfolio update of the Yacktman Fund shows 45 stocks, with one new one, and a total value of $9.92 billion. The fund's quarter-over-quarter turnover is 17%. The portfolio is currently weighted with top three sectors: consumer defensive at 34.2%, technology at 17.5% and consumer cyclical at 16.3%.

The Yacktman Fund has averaged a return of 9.75% over 12 months, and the Yacktman Focused Fund averaged 14.97% over the same period. Guru Donald Yacktman's average 12-month return is 10.24%

The Yacktman Fund reduced six holdings, as of quarter ending Sept. 30, 2013:

News Corporation ( NWSA ): Reduced

Impacts Portfolio: -9.24%

Current Shares: 5,547,000

Up 5% over 12 months, News Corporation has a market cap of $9.58 billion; its shares were traded at around $16.58 with a P/S of 1.10.

Guru Action: As of Sept. 30, 2013, Donald Yacktman reduced its position by 82.53%, selling 26,203,000 shares at an average price of $15.97, gaining 3.4%.

Holding for two quarters, he has averaged a gain of 4% on 26,853,000 shares sold at an average price of $15.96 per share.

Track historical pricing, revenue and net income:



Hewlett-Packard Co. ( HPQ ): Reduced

Impacts Portfolio: -0.36%

Current Shares: 2,878,000

Up 56% over 12 months, Hewlett-Packard Co. has a market cap of $43.8 billion; its shares were traded at around $22.79 with a P/B ratio of 1.80. The dividend yield is 2.40%.

Guru Action: As of Sept. 30, 2013, Donald Yacktman reduced its position by 32.99%, selling 1,417,000 shares at an average price of $24.32 for a loss of 6.3%.

Overall, he has averaged a gain of 24% on 5,150,000 shares bought at an average price of $18.40 per share. On shares sold, he averaged a gain of 3% on 2,272,000 shares sold at an average price of $22.17 per share.

Track historical pricing, revenue and net income:



Cisco Systems Inc. ( CSCO ): Reduced

Impacts Portfolio: -0.36%

Current Shares: 21,912,000

Up 23% over 12 months, Cisco Systems Inc. has a market cap of $124.81 billion; its shares were traded at around $23.18 with a P/E ratio of 12.60. The dividend yield is 2.78%.

Guru Action: As of Sept. 30, 2013, Donald Yacktman reduced its position by 5.96%, selling 1,388,000 shares at an average price of $24.82 for a loss of 6.6%.

Yacktman has averaged a gain of 29% on 23,300,000 shares bought at an average price of $17.93 per share. On shares sold, he averaged a loss of 7% on 1,388,000 shares sold at an average price of $24.82 per share.

Track historical pricing, revenue and net income:



Microsoft Corporation ( MSFT ): Reduced

Impacts Portfolio: -0.31%

Current Shares: 15,350,000

Up 17% over 12 months, Microsoft Corporation has a market cap of $288.36 billion; its shares were traded at around $34.49 with a P/E ratio of 13.40. The dividend yield is 2.70%.

Guru Action: As of Sept. 30, 2013, Donald Yacktman reduced its position by 5.22%, selling 846,000 shares at an average price of $32.90 for a gain of 4.8%.

Yacktman has averaged a gain of 17% on 17,400,000 shares bought at an average price of $29.38 per share. On shares sold, he averaged a gain of 5% on 2,050,000 shares sold at an average price of $32.82 per share.

Track historical pricing, revenue and net income:



Learn more about Yacktman's reductions of Viacom Inc. ( VIAB) and Bancorp Inc. (TBK) , as of Sept. 30, 2013.

Guru Donald Yacktman's non-diversified flagship fund seeks long-term capital appreciation, as well as current income, but to a lesser extent.



GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

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