Insights from the Latest N-PORT Filing for Q3 2024
The Yacktman Focused Fund (Trades, Portfolio), managed by Yacktman Asset Management (Trades, Portfolio), is renowned for its strategic investment approach, aiming for long-term capital appreciation and, to a lesser extent, current income. The fund is characterized by its non-diversified status, primarily investing in both domestic and international equities across various market caps, often focusing on dividend-paying stocks. The investment philosophy is centered around acquiring growth-oriented companies at perceived low entry prices, blending the principles of both growth and value investing. This method involves a meticulous selection process, favoring businesses with robust operational models, shareholder-friendly management, and attractive valuations.
Key Position Increases
During the third quarter of 2024, Yacktman Focused Fund (Trades, Portfolio) augmented its holdings in two notable stocks:
- Kenvue Inc (KVUE, Financial) saw an addition of 900,000 shares, bringing the total to 1,900,000 shares. This adjustment marks a significant 90% increase in share count, impacting the portfolio by 0.65%, with a total value of $43,947,000.
- Hyundai Mobis Co Ltd (XKRX:012330, Financial) experienced an increase of 20,000 shares, resulting in a total of 280,000 shares. This represents a 7.69% increase in share count, with a total value of â‚©46,372,480.
Summary of Sold Out Positions
The fund also made decisive exits from certain positions in the same quarter:
- Kellanova Co (K, Financial): The fund liquidated all 300,000 shares, which had a -0.53% impact on the portfolio.
Key Position Reductions
Significant reductions were made in several holdings, with the most impactful being:
- Alphabet Inc (GOOG, Financial) saw a reduction of 370,000 shares, a -44.05% decrease, impacting the portfolio by -2.07%. The stock's average trading price was $169.25 during the quarter, with a three-month return of -10.47% and a year-to-date gain of 19.69%.
- Microsoft Corp (MSFT, Financial) was reduced by 40,000 shares, a -11.43% decrease, impacting the portfolio by -0.55%. The stock traded at an average price of $427.47 during the quarter, with a three-month return of -7.62% and a year-to-date gain of 11.93%.
Portfolio Overview
As of the third quarter of 2024, Yacktman Focused Fund (Trades, Portfolio)'s portfolio comprised 47 stocks. The top holdings included 10.44% in Bollore SE (XPAR:BOL, Financial), 10% in Samsung Electronics Co Ltd (XKRX:005935, Financial), 8.24% in Canadian Natural Resources Ltd (CNQ, Financial), 4.19% in Microsoft Corp (MSFT), and 4.18% in U-Haul Holding Co (UHAL.B, Financial). The fund's investments are primarily concentrated across nine industries: Communication Services, Technology, Consumer Defensive, Energy, Industrials, Consumer Cyclical, Financial Services, Basic Materials, and Healthcare.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
