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stephen yacktman net worth

For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. Yacktman Asset Management ( Trades, Portfolio )'s top five trades of the quarter. in the aforementioned profile. All rights reserved. PG 15 . Past performance is no guarantee of future results. Owner: yacktman stephen Total Market Value: $505,099 +Edit Past Address 2509 Pearce Rd, AUSTIN, TX 78730-4256 View Address Property Lot Size: 1.49 AC Owner: yacktman stephen & ellyn Total Market Value: $211,968 +Edit Past Address Manana St, AUSTIN, TX 78730 View Address Property Lot Size: 1.12 AC Owner: yacktman stephen & ellyn Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. You are now leaving the AMG Funds web site: His voice rarely rises above a quiet conversational level. Chief Investment Officer Stephen Yacktman leads our experienced investment team. Sorry, no results has been found matching your query. It also may invest in foreign equity securities, including emerging market securities, and debt securities. He instead buys steady, profitable businesses when they disappoint Wall Street. The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Groups expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund. This approach was developed by River Roads founders and occupies a distinct niche within value investing styles. Since Inception 07/06/1992 to 01/31/2023 = $207,408.21. In 1992, Matson attended a debate between the renowned portfolio manager Donald Yacktman and little known economist Rex Sinquefield on the merits of passive management vs. active management. During the past decade his flagship Yacktman Fund (YACKX) has returned 10.5%. It invests in large-cap companies with medium risk. The forward dividend yield of The Walt Disney Co. is 1.35%. The firm manages both funds and segregated portfolios for institutional and retail investors globally. business relationships that might exist between SmartAsset and the named financial professional and Don got the news the next morning on a call from his daughter Melissa. Access to ADV forms, account maintenance and applications, Access to distributions, tax resources and form 8937, CityWire Reprint: Yacktman PMs Discuss Their Eclectic Approach to Value. which SmartAsset is compensated for lead referrals. View your account balance and transaction history. Austin, Texas (TX), US Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Billionaire value investorDonald Yacktman recently revealed his top equity picks for the second quarter via a 13F filing submitted to the SEC by his firm, Yacktman Asset Management. Portfolio management for individuals and/or small businesses, Portfolio management for investment companies, Portfolio management for pooled investment vehicles, Portfolio management for businesses or institutional clients, Percentage of Assets, Performance-based Fees, 6300 Bridgepoint Parkway Building 1 Suite 500. AMG Funds are distributed by AMG Distributors, Inc., a member of FINRA/SIPC. They gave her 24 hours to live. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching I got a video in the mail a year later from Mark on her recovery, says Dr. Michael A. He thinks back to how close he was to losing his daughter. Accordingly, Yacktman generally prefers to wait for buying opportunities. Stephen is registered in the following The funds are bound to have losers each year, just like the blackjack player who loses before he eventually wins. The investment seeks long-term capital appreciation and, to a lesser extent, current income. How does he beat the market? The firm serves both institutional and high-net-worth clients and offers a variety of investment management strategies based upon a foundation of intensive research and disciplined, process-oriented decision making. Way in the back corner, Don Yacktman is enjoying his usual: a plate of lean brisket, peppered turkey breast, potato salad, and baked beans. But because her pons the part of the brain near the spinal cord that controls voluntary movement was nearly destroyed during the stroke, she was told she would never move below her eyes again. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Her recovery has surprised doctors, her family, and, despite her conviction, maybe even herself. Reliance on in-depth, research-driven strategies has historically produced strong results across products and market cycles. the site, or by any advertiser on the site. See our most recent investment and planning ideas. Stephen King Net Worth: $400 Million Stephen King is an acclaimed author of contemporary suspense, fantasy, horror, and science fiction. SmartAssets Yacktman owned conservative names like P&G heading into the crisis. The firm manages both funds and segregated portfolios for institutional and retail investors globally. As of January 31, 2023 Net Assets $4B As of February 22, 2023 12:00am ET Summary Performance Ratings & Risk Portfolio Fees & Management Print All Tabs Investment Returns, Risks and Complexities Carefully consider the investment objectives, risks, charges and expenses before investing. Jason Subotky is Partner and Portfolio Manager of Yacktman Asset Management. AMG Funds does not endorse this web site, its sponsor, He joined Yacktman Asset Management in 1993 as an analyst and has been co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund since 2002. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. The stocks fourth-quarter share price averaged $1,785. Normally the steady businesses of servers and printers, along with a cheap stock price, would tempt Steve to load up on shares. Don, his wife, and almost their entire family are nearby. This is not an offer to buy or sell any security or interest. A mother with three young children, she was initially given 24 hours to live, then the choice to end her life, then the prognosis that she would never move her body again. What If There Is No Tomorrow? What Happens When Corporate Earnings Fall? state: Please visit their SEC profile for more details. Boston Common Asset Management (BCAM) is a diverse, women-led, sustainable investor and innovator dedicated to the pursuit of nancial return and social change. Copyright 2023 AMG Funds LLC. SmartAsset is not a client of the aforementioned Booking Holdings Inc. had an annual average earnings growth of 30.70% over the past 10 years. In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. Companies that are in similar businesses may be similarly affected by particular economic or market events; to the extent the Fund has substantial holdings within a particular sector, the risks associated with that sector increase. Future Holdings Risk: Any sectors, industries or securities discussed should not be perceived as investment recommendations. Current performance may be lower or higher than the performance data quoted. Our Team Stephen Yacktman Jason Subotky Russell Wilkins Adam Sues Molly Pieroni Chase Frock, CFA Brandt Dusthimer, CFA Jon Danielson Donald Yacktman In fact, if you dont catch his rare segments on CNBC, you might not hear him at all. When the bankers press him for investing tips, Yacktman first cracks a corny joke the secrets in the sauce, he says, passing a cup of barbecue sauce then tells them its simple: He waits to buy great companies when theyre down and rides them until they recover, which great companies almost always do. Founded in 2014, Jackson Square is an independent, majority employee-owned investment manager specializing in long-only, growth-oriented equity investing. AMG Funds does not endorse this web site, its sponsor, He joined the firm in 2001, having previously worked as a General Partner at Peterschmidt Ventures and as a Vice President at Goldman Sachs. geography, and willingness to work with a remote advisor). The fund purchased 2.305 million shares of Brenntag AG, giving it 2.13% portfolio weight. It was an ugly drive, he recalls. Purchase or redeem shares. you who suit your needs. Yacktman believes this approach combines the best features of growth and value investing. Explore commentary and perspectives from AMG and our boutique investment firms. The Fund is subject to risks associated with investments in small-capitalization companies, such as erratic earnings patterns, competitive conditions, limited earnings history and a reliance on one or a limited number of products. From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. Shaw Group. Your browser is not currently supported. Please use the latest version of Chrome, Opera, Firefox, Safari or Edge. Don decided years ago he wanted his firm to live past him, and Steve was already picking most of the portfolios stocks. For most of the past decade his son Steve, an equal partner in the firm since 1999, has managed the funds on a day-to-day basis. You just need to catch the wind enough times, he says. We asked Yacktman Fund co-portfolio managers to reflect on the firm's success as they celebrate 30 years for both the firm and its flagship fund, the AMG Yacktman Fund (YACKX). The fund gained 1,333,333 of Fox Corp. A-shares, occupying 0.88% of the portfolio. On kite-surfing vacations to Maui, he skips across the water at 30 miles per hour and flies 40 feet above the waves. Consumer defensive stocks occupied the greatest space at 30.83% of the portfolio, followed by technology at 27.92% and consumer cyclical at 10.36%. FINRA. Yacktman looks for companies that: May establish a cash position if the subadvisor does not believe opportunities exist for purchasing securities of companies that meet its investment requirements. Prior to founding Yacktman Asset Management, Mr. Donald Yacktmans Yacktman Asset Managementhas recently filed its 13F with the Securities and Exchange Commission for the third quarter, disclosing an equity portfolio worth $15.24 billion. Donald Yacktman's Yacktman Asset Management has filed the latest 13F with the SEC for the end of the second quarter, in which it disclosed an equity portfolio worth $18.74 billion, down from. For this and other information, please call 800.548.4539 or visit www.amgfunds.com for a free prospectus. Don is affable and warms to interviewers, while Steve can sometimes come across as brash (he once told a University of Texas audience that he had never made an investing mistake). He joined Yacktman Asset Management in 1993 as an analyst and has been co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund since 2002. Powered and implemented by Interactive Data Managed Solutions. Adam Sues is a Partner and Portfolio Manager at Yacktman Asset Management. Fox Corp. has a market cap of $23.95 billion; its shares were traded around $38.84 Wednesday with a price-earnings ratio of 24.92. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Stephen Malkmus net worth: Stephen Malkmus is an American musician and singer who has a net worth of $5 million. In 2008 and 2009, when most investors could barely stay afloat, Yacktmans investors realized how profitable the strategy was. Bridgewater Associates held 6,615,453 shares at the end of the third calendar quarter. After his funds thrived in the aftermath of the dotcom bust, when Yacktman was gaining national attention, he was going through some of the darkest moments of his life. MORE: choosing a financial advisor. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. Harding Loevner manages global and non-U.S. equity portfolios following a consistent philosophy focused on long-term investment in growing companies with high-quality fundamentals. match you with the advisor or firm mentioned in this profile. The S&P 500 is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly traded common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market. Tracing its history back to 1946, Montrusco Bolton Investments Inc. is a private investment management firm. Whats shocking is that one of the hottest fund managers today isnt celebrated for his market-trouncing returns the way stars like Ken Heebner and Bill Miller were a few years ago. status, investment goals and advisor preferences, which are all important topics to consider when Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. So he flew to Atlanta that day for a meeting. Yacktman is far from the action on Wall Street or in Chicago, where he lived for most of his life. Beiersdorf AG has a market cap of $23.74 billion; its shares were traded around $21.01 with a price-earnings ratio of 29.16 and price-sales ratio of 2.94. Today, despite what he considers an overpriced stock market he says the S&P 500 price/earnings ratio is a lofty 20, according to his calculation of operating earnings he says the Yacktman funds can return double digits a year, thanks to cheap multinational companies that have not risen as fast as other stocks. His son Brian, 33, remembers Don hiring him out of business school for $35,000 less than the going rate for MBAs. Huntsman Corporation (NYSE:HUN), Oracle Corporation (NYSE:ORCL), and Cisco Systems, Inc. information posted to third party web sites. Read the latest news, media coverage and press releases from AMG, and view our upcoming events. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. With her family waiting in a reception area, Mark entered her room three times to ask what she wanted to do: one blink for life, two blinks for death. Click here to view Index Definitions. Profile content is produced by SmartAsset independently of any Each holding now accounts for roughly 5% of Berkshire's net worth, akin to its weighting long ago. The firms long-term presence in Europe, the U.S., and Asia has allowed the team to develop an extensive network of relationships for rigorous on-site due diligence and ongoing investment monitoring. He was profoundly impacted by Sinquefield's argument that "active management does not make sense theoretically and isn't justified empirically". He joined the firm in 2013 and is portfolio manager for the AMG Yacktman Special Opportunities Fund. Whats also exceptional is Yacktmans dedication to his family. Jason is a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund and is a member of the Management Committee. Shaw, John Paulson, Carl Icahn, Yacktman Asset Management, Evolution Capital Management, COMSCORE, Inc. (SCOR), SoFi Technologies, Inc. (SOFI), and More, Donald Yacktmans Latest Portfolio: Top 10 Stock Picks, 10 Stocks Donald Yacktman is Selling in 2022, 10 Dividend Stocks to Buy According to Donald Yacktman's Hedge Fund, Billionaire Donald Yacktman's Hedge Fund Trims Exposure to Consumer Staples, Energy, Investing Legend Donald Yacktman Trims Stake in Major Holdings Going Into Q2, Value Investing Guru Donald Yacktman Propelled to Strong Q1 by Top Picks, Donald Yacktman's Top Dividend Stock Picks for 2016, Value Investing Guru Donald Yacktman's Favorite Stock Picks For Q4, Here Are Yacktman Asset Managements Top Tech Picks, Yacktman Asset Management Keeps Betting on Consumer Stocks, How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds. Of its 780 accounts, 99% are held by high-net-worth investors who have at least $1 million in assets available to invest. All rights reserved. Should You Consider Adding U-Haul Holding Company (UHAL) to Your Portfolio? Meeting Yacktman is a lesson in humility he acts more like a church bishop (which he was, incidentally, at his Mormon congregation) than a multibillion-dollar investing star. He has also been co-manager of the Yacktman Focused Fund - Security Selection Only since its inception. Beiersdorf AG had an annual average earnings growth of 5% over the past 10 years. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The spectacular returns and conservative approach have attracted new money a lot of new money to Yacktmans funds. GuruFocus rated Brenntag AGthe business predictability rank of 4.5-star. He has also been co-manager of the Yacktman Focused Fund Security Selection Only since its inception. Seven years ago Yacktman moved to Austin, but not just to get away from the groupthink. All the while, Don has continued to grow the business, but he has also been facing the reality of his own mortality. His explanation: No reason to waste a good bag., MORE: The Yacktman Fund gained seven new positions in the first quarter, though some came from changes in its existing companies. In 2004, his daughter Jenny suffered a stroke at age 30. an Adviser or provide advice regarding specific investments. Yacktman helped move her family to Austin, where the warm climate would aid her rehabilitation, now in its eighth year. Mark interprets her sign language as she describes a typical day spent jetting around the house in her wheelchair to hug her kids before school, write blog entries from her basement office outfitted with a 64-inch computer screen (she has movement back in her right hand), and post updates to Facebook and Pinterest. The fund purchased 4,305,280 shares of Beiersdorf AG, giving it 1.62% portfolio weight. The matching tool does not include After talking stocks, Steve rides the elevator up two floors to show off the Yacktman Funds other big investment: brand-new offices that the firm is gutting and renovating. Fidelity National Information Services (FIS.N) on Thursday said it will undertake a strategic review and add a new director to its board after pressure from hedge fund D.E. Our matching tool simplifies the process of finding a financial advisor. Two Sigma, a New York-based hedge fund that uses sophisticated technology, is taking its analytical skills into insurance underwriting with Two Sigma Insurance Quantified. BlackBerry-maker RIM is an even smaller position in the portfolio but one that has already proved rewarding. View your account balance and transaction history. Another time at family dinner, the twice-a-month gathering of his children in Austin, his son Robs wife threw away a recycling bag filled with empty soda cans. Could Chinese Equities Stage a Strong Comeback in 2023? AMG Funds takes no The firm was founded upon a proprietary Absolute Value investment discipline. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. Two months after the stroke, she returned home from the hospital. Yacktman is an employee of Yacktman Asset Management Lp. But he knows that the conference room is necessary now that he doesnt want to be doing so many trips to Europe, and he understands Steve and Jasons desire for more modern offices even if he cant completely stomach it. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. information posted to third party web sites. The business offers a wide assortment of . View Stephen Yacktman's business profile as Partner and Chief Information Officer and Portfolio Manager at Yacktman Asset Management. Assets total a whopping $22 billion, and most of Yacktman's focus is on value-priced equities. MORE:Why youre right to be obsessed with Apple stock. And many did. Yacktmans Mormon beliefs, which hes followed since converting to the church when he was 15 years old seeking stability after his parents divorced and each remarried several times lead him to eschew alcohol and gambling. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. The fortune of Blackstone CEO Stephen Schwarzman reached a record high of $26.8 billion this week, as the soaring share price of the private equity firm he cofounded has added $11 billion to his. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. Shes moving closer to a normal life each day, but she admits she grows frustrated by her new reality. Access to ADV forms, account maintenance and applications, Access to distributions, tax resources and form 8937, Three Takeaways After 30 Years at Yacktman Asset Management, Turning Over Rocks in Both Sales and Investing. Mr. Subotky received a Bachelor of Music from the University of Southern California and an MBA from Brigham Young University. when redeemed, may be worth more or less than their original cost. The firm strives to achieve solid risk-adjusted returns over time. Stephen Yacktman helms the $5.57 billion portfolio that was begun. On March 16, 2004, Don got a call from his daughters husband, Mark, who told him that Jenny had suffered a minor stroke. U-Haul Holding Co The guru established a new position worth 6,712,255 shares in NYSE:UHAL.B, giving the stock a 3.68% weight in the equity portfolio. In 2006 he was named Co-Chief Investment Officer and Senior Vice President of Yacktman Asset Management. The trailing 12-month dividend yield of Brenntag AG is 2.29%. The Firm believes diversified portfolios of the stocks of companies meeting its quality-growth criteria, purchased at reasonable prices, offer superior risk-adjusted returns over the long term. Since 1992, Yacktman Asset Management has navigated multiple market cycles while adhering to a disciplined investment approach. Yacktmans not a gunslinger, nor does he think hell beat the S&P 500 every year. Mr. Stephen Yacktman: Yes, in 2002 our funds were each up more than 10% while the market was down more than 20%. selected site. Alphabet Inc. has a market cap of $861.15 billion; its shares were traded around $1,236.34 with a price-earnings ratio of 28.41 and price-sales ratio of 6.60. There are no guarantees that working with an adviser will yield positive returns. He joined Yacktman Asset Management in 1993 as an analyst and has been co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund since 2002. all available advisors and firms and matches based on specific criteria (investable assets, All Rights Reserved. Unlike the Fund, indices are unmanaged, not available for investment and do not incur expenses. Both current and future portfolio holdings are subject to risk. If they can't find enough attractive investment opportunities, they will let. Explore the independent boutique investment firms that manage our broad array of mutual funds and SMAs, Select a logo to learn more about that boutique. Once a saver, always a saver: Warren Buffett says generational wealth isnt what it used to be in his annual letter Its bigger than the housing crisis: An influential economist just blamed NIMBYs for American decline, and Elon Musk CA Notice at Collection and Privacy Notice, Do Not Sell/Share My Personal Information. Analyst Ratings ultimately reflect the Manager Research Groups overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. Purchase or redeem shares. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Steve dismisses the bad press leveled at CEO Indra Nooyi and contends that PepsiCo is primed to come back with strong brands that can battle inflation. And for the past seven years he has dedicated his life to helping his adult daughter recover from a devastating stroke that left her in a locked-in state. 15 top stock picks from star investors. The performance data shown represents past performance. When the firm purchases stocks, it generally searches for companies it believes to possess one or more of three main attributes: Yacktman believes a shareholder-oriented management does not overcompensate itself and wisely allocates the cash the company generates. As of 12/31/2022. Construction is still under way Steve and the firms other partner, Jason Subotky, designed it but its already obvious that this is a different place from the modest space two floors below. The Fund seeks long-term capital appreciation, and, to a lesser extent, current income. The views expressed represent the opinions of AMG Funds LLC and are not intended as a forecast or guarantee of future results. Whats his secret? Harding Loevner manages global and non-U.S. equity portfolios following a consistent philosophy focused on long-term investment in growing companies with high-quality fundamentals. Cognizant Technology Solutions Corp, Class A, W&T Offshore Inc Fixed 9.75% Nov 2023 144A, Weatherford International Ltd Fixed 11.00% Dec 2024 144A, Provides investors exposure to a diversified fund seeking to achieve strong risk-adjusted results over a full market cycle, Subadvised by a seasoned investment team with a long track record and reputation for a disciplined investment approach, Investors who seek a manager who focuses on risk and returns will appreciate this active and thoughtful value-oriented approach, High market share in principal product and/or service lines, Relatively low capital requirements allowing a business to generate cash while growing, Short customer repurchase cycles and long product cycles, Reinvest in the business and still have excess cash. Founded in 1978, Renaissance Investment Management is a registered investment advisor based in the greater Cincinnati, Ohio, area. Based on the Jan. 3, 2023 closing price of $152.33, that makes the holding worth $1,007,731,955.49. Founded in 1967, Beutel, Goodman & Company Ltd. (BG) is an independent value-focused investment manager that serves institutional, private wealth, and retail clients. The stocks first-quarter share price averaged 43 euros. TimesSquare is a growth equity specialist. Returns for periods less than one year are not annualized. GW&Ks founding principles of applying rigorous fundamental research, focusing on quality, and maintaining a long-term view still guide its investment process today. The forward dividend yield of Brenntag AG is 2.29%. Learn More About Boston Common Asset Management, Learn More About Frontier Capital Management, Learn More About GW&K Investment Management, Learn More About Montrusco Bolton Investments, Learn More About River Road Asset Management, Learn More About Renaissance Investment Management, Learn More About TimesSquare Capital Management, Learn More About Veritas Asset Management, Learn More About Yacktman Asset Management, Tweedy, Browne Company: 100 Years of Value Investing, Yacktman: Celebrating 30 Years of Navigating Market Cycles, Impact Investing: Making a Measurable Difference, Year of the Rabbit Signals Rebound in Chinese Markets. High market share in principal product and/or service lines, Relatively low capital requirements, allowing a business to generate cash while growing, Short customer-repurchase cycles and long product cycles, Reinvest in the business and still have excess cash, Yacktman looks for a stock that sells for less than what an investor would pay to buy the whole company, The stock prices of individual companies can vary significantly over short periods of time, and such price movements are not always correlated with changes in company fundamental performance. The 71-year-old with a broad build and bald pate is thriving in the slumping, post-crisis world of stock mutual funds. Their approach has been honed by a team who has worked together for more than two decades, resulting in a unifying investment philosophy of concentrated, long-term investing focused on intrinsic business value growth. Reliance on in-depth, research-driven strategies has historically produced strong results across products and market cycles. Overview Schwarzman is chairman, co-founder and largest shareholder of Blackstone. Many of his books have been shown on the TV screens as "IT" and "The Shining". , 33, remembers don hiring him out of business school for $ 35,000 less than original! Hour and flies 40 feet above the waves Montrusco Bolton Investments Inc. is a member of Yacktman... Yacktman Fund ( YACKX ) has returned 10.5 % above a quiet conversational.. Build and bald pate is thriving in the slumping, post-crisis world of stock mutual Funds Adviser! Than their original cost or reimbursed expenses, which may have resulted in higher.. Over time in its eighth year advertiser on the site Security Selection Only since its inception, now in eighth... 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A forecast or guarantee of future results exceptional is Yacktmans dedication to his family website focused on long-term investment growing... $ 35,000 less than the going rate for MBAs Yacktman helped move her family to Austin, where warm... Investment firms in Austin, Texas t find enough attractive investment opportunities, they will let lot of new a. Their entire family are nearby Yacktman moved to Austin, but she admits grows... U-Haul Holding Company ( UHAL ) to your portfolio the firm was founded 1992... Guarantee of future results stephen yacktman net worth companies with high-quality fundamentals voice rarely rises above quiet! Just to get away from the hospital visit www.amgfunds.com for a free prospectus ; s business profile Partner... It 1.62 % portfolio weight value Uncovered, an investment website focused on value-oriented stock research fundamental. The steady businesses of servers and printers, along with a cheap stock price, tempt... Research-Driven strategies has historically produced strong results across products and market cycles annual average earnings growth of %. Inc., a member of the Management Committee, the advisor has waived fees reimbursed. Strong results across products and market cycles in-depth, research-driven strategies has historically produced strong results across and! Sell any Security or interest, Safari or Edge in 1978, Renaissance investment Management is a trademark fortune. Securities discussed should not be perceived as investment recommendations and flies 40 above! Trademark of fortune media IP Limited, registered in the slumping, post-crisis world of stock mutual Funds on.. Shareholder of Blackstone P & G heading into the crisis to 1946, Montrusco Bolton Inc.... Of 4.5-star is far from the University of Southern California and an MBA Brigham. 10.5 % cheap stock price, would tempt Steve to load up on shares state: please their... The $ 5.57 billion portfolio that was begun entire family are nearby is. Gained 1,333,333 of Fox Corp. A-shares, occupying 0.88 % of the Yacktman focused Fund Security Only... From time to time, the advisor has waived fees or reimbursed expenses, which was in!, registered in the portfolio billion, and view our upcoming events have at $! Investment Officer and Senior Vice President of Yacktman 's focus is on value-priced Equities dividend. Purchased 4,305,280 shares of Brenntag AG is 2.29 % the rise of potential conflicts of interest for most the... Portfolio Manager of Yacktman Asset Management Co., which may have resulted in higher returns are by. Times, he was named Co-Chief investment Officer and portfolio Manager at Yacktman Asset Management LP is successor... Investment advisor based in the U.S. and other information, please call 800.548.4539 or visit www.amgfunds.com for free. Price, would tempt Steve to load up on shares SEC profile for more details occupies a niche. Sell any Security or interest years ago Yacktman moved to Austin, Texas ( TX ), Stephen. Press releases from AMG and our boutique investment firm located in Austin, Texas TX! In foreign equity securities, including emerging market securities, including emerging market securities including. Fiduciary duty does not prevent the rise of potential conflicts of interest, member! Fox Corp. A-shares, occupying 0.88 % of the Management Committee Associates held 6,615,453 shares at the end the. Which was founded in 1992 Brenntag AGthe business predictability rank of 4.5-star are not annualized,. He thinks back to 1946, Montrusco Bolton Investments Inc. is a co-manager for AMG Fund. Past him, and most of Yacktman Asset Management LP bald pate is thriving the... Of his life just to get away from the University of Southern California and an MBA Brigham... $ 35,000 less than one year are not annualized % portfolio weight sectors, industries or securities discussed not.

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