In This Article:
Insights from the Third Quarter N-PORT Filing of 2024
Yacktman Fund (Trades, Portfolio), managed by Yacktman Asset Management (Trades, Portfolio), is renowned for its disciplined investment strategy aimed at achieving long-term capital appreciation and, to a lesser extent, current income. The Fund focuses on investing in high-quality U.S. companies, employing a meticulous approach that blends the principles of both growth and value investing. By targeting companies with excellent business models, shareholder-oriented management, and attractive valuations, Yacktman Fund (Trades, Portfolio) strives to deliver superior returns to its investors.
Portfolio Adjustments: Exits and Reductions
During the third quarter of 2024, Yacktman Fund (Trades, Portfolio) made significant changes to its portfolio, including completely exiting positions in two companies:
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Kellanova Co (NYSE:K): The fund sold all 1,200,000 shares, impacting the portfolio by -0.91%.
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GrafTech International Ltd (NYSE:EAF): The liquidation of all 8,000,000 shares resulted in a -0.1% portfolio impact.
Additionally, the fund reduced its holdings in 16 stocks. Notable reductions include:
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Alphabet Inc (NASDAQ:GOOG): A reduction of 680,000 shares led to a -36.17% decrease in the holding size and a -1.64% impact on the portfolio. Alphabet's stock price averaged $169.25 during the quarter, with a three-month return of -11.11% and a year-to-date gain of 18.84%.
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Microsoft Corp (NASDAQ:MSFT): The fund cut its stake by 110,000 shares, marking a -13.75% reduction and a -0.65% impact on the portfolio. Microsoft traded at an average price of $427.47 this quarter, with a -7.98% return over the past three months and an 11.49% increase year-to-date.
Comprehensive Portfolio Overview
As of the third quarter of 2024, Yacktman Fund (Trades, Portfolio)'s portfolio comprised 56 stocks. The top holdings included 8.57% in Bollore SE (XPAR:BOL), 7.32% in Canadian Natural Resources Ltd (NYSE:CNQ), and 5.77% in Samsung Electronics Co Ltd (XKRX:005935). Other significant positions were 3.99% in Microsoft Corp (NASDAQ:MSFT) and 2.91% in Procter & Gamble Co (NYSE:PG). The portfolio is well-diversified across major industries, with significant allocations in Communication Services, Consumer Defensive, Technology, Energy, Financial Services, Industrials, Consumer Cyclical, Basic Materials, Healthcare, and Utilities.
This strategic positioning reflects Yacktman Fund (Trades, Portfolio)'s commitment to capitalizing on market opportunities while adhering to its foundational investment philosophy. The adjustments made during the quarter showcase a proactive approach to portfolio management in response to evolving market dynamics, particularly in the technology sector with significant adjustments in Alphabet Inc and Microsoft Corp.