Yacktman Asset Management Co was founded by Donald Yacktman in April 1992, and is located in Austin, Texas. The firm has nine employees and they all manage to advise more than a hundred clients. Assets under management are estimated to be north of $23 billion. It’s worth it to track top-tier hedge funds for their market-beating potential.
Let’s take a look at the fund manager’s top five stock positions at the end of the second quarter–the latest round of 13Fs with the SEC.
News Corp (NASDAQ:NWSA), a media giant focusing on newspapers and publishing operations leads the fund’s 13F with a value of $2.3 billion. The stock had a value of $2.3 billion in the last quarter and was in the number one spot.
Meanwhile, The Procter & Gamble Company (NYSE:PG), a multinational consumer goods company, stayed in the 2nd spot following News Corp. P&G is said to have $1.9 billion of value in the second quarter and it had $2.04 billion in the previous quarter. Fortune magazine placed Procter & Gamble in the top list for its “ Global Top Companies for Leaders,” list, and it looks like Yacktman is attracted to its steady, massive footprint.
PepsiCo, Inc. (NYSE:PEP), a global food and beverage behemoth, is in the third spot, having $1.87 billion of value in Yacktman’s latest filing. Just like News Corp and P&G, PepsiCo, Inc. (NYSE:PEP) remains in a similar spot as the Q1 data.
Replacing Microsoft in the 4th spot is Cisco Systems, Inc. (NASDAQ:CSCO) with $1.28 billion of value. According to the first quarter’s filing, Cisco Systems, Inc. (NASDAQ:CSCO) was worth a little over $1 billion.
Microsoft Corporation (NASDAQ:MSFT) is now in the 5th spot with the value of $1.24 billion, versus $1.18 billion at the end of the first quarter. Based on the facts above, we will continue to watch News Corp and the other companies mentioned above, to gauge Yacktman’s picks over the coming months.