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

• Warning! GuruFocus has detected 8 Warning Signs with XPAR:BOL.

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.

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.

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).

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.

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.