Insightful Analysis of Yacktman Fund (Trades, Portfolio)'s Fourth Quarter 2024 N-PORT Filing

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Yacktman Fund (Trades, Portfolio) recently submitted its N-PORT filing for the fourth quarter of 2024, shedding light on its strategic investment decisions during this period. Managed by Yacktman Asset Management (Trades, Portfolio), the fund is renowned for its disciplined approach to investing, focusing on long-term capital appreciation and, to a lesser extent, current income. The fund primarily invests in U.S. common stocks, with a preference for companies that pay dividends. Yacktman Fund (Trades, Portfolio)'s investment philosophy combines the best features of "growth" and "value" investing, seeking companies with strong business models, shareholder-oriented management, and attractive purchase prices. This approach underscores the fund's commitment to objective, patient, and diligent investment decisions.Yacktman Fund's Strategic Moves: Booking Holdings Inc. Exits with -1.7% Impact

Key Position Increases

Yacktman Fund (Trades, Portfolio) also increased stakes in a total of seven stocks, with notable adjustments including:

The most significant increase was in Hyundai Mobis Co Ltd (XKRX:012330), with an additional 450,000 shares, bringing the total to 1,000,000 shares. This adjustment represents an 81.82% increase in share count, a 1.07% impact on the current portfolio, and a total value of ?159,036,710. The second-largest increase was in Samsung Electronics Co Ltd (XKRX:005930), with an additional 1,400,000 shares, bringing the total to 1,600,000. This adjustment represents a 700% increase in share count, with a total value of ?57,098,900.

Summary of Sold Out

Yacktman Fund (Trades, Portfolio) completely exited two holdings in the fourth quarter of 2024, as detailed below:

Booking Holdings Inc (NASDAQ:BKNG): Yacktman Fund (Trades, Portfolio) sold all 30,000 shares, resulting in a -1.7% impact on the portfolio. Devon Energy Corp (NYSE:DVN): Yacktman Fund (Trades, Portfolio) liquidated all 1,610,000 shares, causing a -0.85% impact on the portfolio.

Key Position Reduces

Yacktman Fund (Trades, Portfolio) also reduced its position in 19 stocks. The most significant changes include:

Reduced Bank of New York Mellon Corp (NYSE:BK) by 950,000 shares, resulting in a -52.78% decrease in shares and a -0.92% impact on the portfolio. The stock traded at an average price of $77.39 during the quarter and has returned 7.58% over the past three months and 8.20% year-to-date. Reduced News Corp (NASDAQ:NWSA) by 1,600,000 shares, resulting in a -22.54% reduction in shares and a -0.57% impact on the portfolio. The stock traded at an average price of $27.88 during the quarter and has returned 4.18% over the past three months and 0.02% year-to-date.

Story Continues

Portfolio Overview

At the end of the fourth quarter of 2024, Yacktman Fund (Trades, Portfolio)'s portfolio included 55 stocks. The top holdings were 8.79% in Bollore SE (XPAR:BOL), 7.57% in Canadian Natural Resources Ltd (NYSE:CNQ), 5.24% in Samsung Electronics Co Ltd (XKRX:005935), 4.35% in Microsoft Corp (NASDAQ:MSFT), and 3.14% in Procter & Gamble Co (NYSE:PG).Yacktman Fund's Strategic Moves: Booking Holdings Inc. Exits with -1.7% Impact

The holdings are mainly concentrated in 10 of the 11 industries: Communication Services, Consumer Defensive, Technology, Energy, Financial Services, Industrials, Consumer Cyclical, Basic Materials, Healthcare, and Utilities.Yacktman Fund's Strategic Moves: Booking Holdings Inc. Exits with -1.7% Impact

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