Investor Guru and self-made billionaire Donald Yacktman once said, "Back in 1987, the day of the 500-point decline, I started buying like crazy ... I spent $40 million that day." That was a long time ago. As of this quarter, Yacktman Asset Management LP lists the fund net assets at $10,174,308,688. Investing heavily in high quality large caps, the portfolio update of the Yacktman Fund , based in Austin, Texas, shows 43 stocks with a total value of $8.5 billion and a quarter-over-quarter turnover of 5%. Guru Donald Yacktman 's non-diversified flagship fund seeks long-term capital appreciation, and, to a lesser extent, current income.
Here are the Yacktman Fund 's latest adds and sells, as of quarter ending March 31, 2013:
Added Positions: MSFT, KO, JNJ, SYY, BCR
Reduced Positions: BBRY
Sold Out: HRB, MDT, AXP
Add: Microsoft Corporation ( MSFT )
The Yacktman Fund increased its position with Microsoft Corporation ( MSFT ) by 53.3%, with a 2.04% impact to the portfolio. The current price is $28.71 with a change from average up 4%. Yacktman Fund holds 17,400,000 shares after the trade. MSFT stock is down 6% over the last 12 months.
His holding history:
Add: Coca-Cola Company ( KO )
Yacktman increased his position with Coca-Cola Company ( KO ) by 15.04%, with a 0.57% impact to his portfolio. The current price is $40.88 with a change from average up 7%. Yacktman Fund holds 9,100,000 shares after the trade. KO stock is up 14% over the last 12 months.
Add: Johnson & Johnson ( JNJ )
Yacktman increased his position with Johnson & Johnson ( JNJ ) by 15.71%, with a 0.53% impact to his portfolio. The current price is $82.42 with a change from average up 9%. Yacktman Fund holds 4,050,000 shares after the trade. The JNJ stock is up 30% over the last 12 months.
Add: Sysco Corporation ( SYY )
Yacktman increased his position with Sysco Corporation ( SYY ) by 4.18%, with a 0.21% impact to his portfolio. The current price is $34.66 with a change from average up 7%. Yacktman Fund holds 12,710,000 shares after the trade. SYY stock is up 18% over the last 12 months.
Add: C.R. Bard Inc. ( BCR )
The Yacktman Fund increased its position on C.R. Bard Inc. ( BCR ) by 4.91%, with a 0.17% impact to the portfolio. The current price is $102.72 with a change from average up 2%. Yacktman Fund holds 2,990,000 shares after the trade. The BCR stock is up 7% over the last 12 months.
Reduced: Research In Motion Ltd. ( BBRY )
Yacktman reduced his position with the BlackBerry maker, Research In Motion Ltd. ( BBRY ) by 52.16%, with a 0.46% impact to his portfolio. The current price is $13.79 with a change from average down 4%. Yacktman Fund holds 2,564,000 shares after the trade. BBRY stock is up 5% over the last 12 months.
Sold out: H&R Block Inc. ( HRB )
Yacktman sold out his position with H&R Block Inc. ( HRB ) with a negative 1% impact to his portfolio. The current price is $28.54 with a change from average up 19%. HRB stock is up 70% over the last 12 months.
Sold out: Medtronic Inc. ( MDT )
Yacktman sold out his position with Medtronic Inc. ( MDT ) with a negative 0.23% impact to his portfolio. The current price is $46.98 with a change from average up 3%. MDT stock is up 26% over the last 12 months.
Sold out: American Express Co. ( AXP )
The Yacktman Fund sold out its position with American Express Co. ( AXP ) with a negative 0.19% impact to the portfolio. The current price is $65.53 with a change from average up 5%. AXP stock is up 15% over the last 12 months.
Donald Yacktman is the president and co-chief investment officer of Yacktman Asset Management. He was the Morningstar "Portfolio Manager of The Year" in 1991.
Yacktman Fund's top buys, sells and holdings:
Here is the complete portfolio of Yacktman Fund.
Also check out:
1. Yacktman Fund's Undervalued Stocks
2. Yacktman Fund's Top Growth Companies
3. Yacktman Fund's High Yield stocks
Related links:
Yacktman Focused Fund
Yacktman Fund
Sector weightings of his portfolio
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.