redeemed, may be worth more or less than their original cost. AMG Funds provides access to a wide array of separate account strategies managed by a number of AMG's Affiliate investment managers. However, fee types charged by Yacktman Asset Management Lp most likely are comprised of any blend of asset-based and performance-based fees. Please click OK below to leave the AMG Funds site and proceed to the Compare Stephen Jackson's Net Worth He was born on April 5, 1978 in Houston, Texas. Terms & Conditions. This website is designed for display in modern browsers. He thinks back to how close he was to losing his daughter. Stephen Malkmus net worth: Stephen Malkmus is an American musician and singer who has a net worth of $5 million. The firm seeks to make investments in high-quality businesses at low valuations with the goal September 12th, 2022| Stephen A. Yacktman, Jason S. Subotky, Adam P. Sues. These cases have changed my perception of what is possible, he says. 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). Don marched out to the garage to save it. With approximately $17 billionof assets under management, Yacktman is a highly-regarded investment manager specializing in large-cap equities through a unique, value-oriented approach. Founded in 1978, Renaissance Investment Management is a registered investment advisor based in the greater Cincinnati, Ohio, area. 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. 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%. This profile may include a firm or advisor that has a business relationship with SmartAsset, in The fund purchased 2.305 million shares of Brenntag AG, giving it 2.13% portfolio weight. Portfolio holdings and characteristics are subject to change at any time. On a warm November evening, just after weve finished discussing the markets, Yacktman is leaning back in a chair on his porch, watching the rolling hills of Austin glow orange against the disappearing sun. 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. 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. GuruFocus rated Booking Holdings Inc.the business predictability rank of 3.5-star. Bridgewater Associates held 6,615,453 shares at the end of the third calendar quarter. As the exclusive distribution arm of AMG, we are your single point of access for mutual funds and separately managed accounts from our independent investment managers. AMG Funds does not endorse this web site, its sponsor, Yacktmans not a gunslinger, nor does he think hell beat the S&P 500 every year. business relationships that might exist between SmartAsset and the named financial professional and 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. The 71-year-old with a broad build and bald pate is thriving in the slumping, post-crisis world of stock mutual funds. 15 top stock picks from star investors. 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. Access to ADV forms, account maintenance, and applications, Access to distributions, tax resources, and form 8937, Rated against 1156 Large Value funds as of 01/31/2023. 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. Alphabet Inc. had an annual average earnings growth of 15.30% over the past 10 years. 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. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. I show that video to my residents every couple of months to emphasize that you have to be very careful about pulling the plug.. He was named "Portfolio Manager of The Year" by Morningstar in 1991, and before founding his firm, he worked at Selected Financial Services and Stein Roe & Farnham. The Fund seeks to generate equity-like rates of return over a full market cycle while managing the level of risk. AMG Yacktman Global N 8.5 10. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. An active, global equity ESG investment manager and a leader in impactful shareowner engagement since its founding in 2003, BCAM is majority women- and employee-owned. The matching tool does not include net outflows have caused the firm and its affiliates to liquidate or merge subscale . Financial management fee schedules usually vary depending on which service is offered. Based on the Jan. 3, 2023 closing price of $152.33, that makes the holding worth $1,007,731,955.49. He joined the firm in 2001, having previously worked as a General Partner at Peterschmidt Ventures and as a Vice President at Goldman Sachs. Mr. Subotky received a Bachelor of Music from the University of Southern California and an MBA from Brigham Young University. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. From 2008 to 2009, the Yacktman Focused Fund was up nearly 25% and the Yacktman Fund increased nearly 18% while the S&P 500 declined more than 20%. Shes moving closer to a normal life each day, but she admits she grows frustrated by her new reality. You just need to catch the wind enough times, he says. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. 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. Their team of investment professionals still share the same entrepreneurial spirit which drives the way they serve their institutional clients globally. SmartAsset did not receive compensation for including any of the firms or advisors AMG Funds takes no Founded in 2014, Jackson Square is an independent, majority employee-owned investment manager specializing in long-only, growth-oriented equity investing. An increase in interest rates typically causes the value of bonds and other fixed income securities to fall. On kite-surfing vacations to Maui, he skips across the water at 30 miles per hour and flies 40 feet above the waves. 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 Yacktman owns this 9,300 sqft home as well as the baseball diamond next door. Changing interest rates may adversely affect the value of an investment. The forward dividend yield of The Walt Disney Co. is 1.35%. Yacktman Portfolio Manager Adam Sues discusses timeless lessons from an early sales job that informed and inspired his early interest in value investing. Whats also exceptional is Yacktmans dedication to his family. With approximately $17 billionof assets under management, Yacktman is a highly-regarded investment manager specializing in large-cap equities through a unique, value-oriented approach. In 2006 he was named Co-Chief Investment Officer and Senior Vice President of Yacktman Asset Management. all available advisors and firms and matches based on specific criteria (investable assets, Jason Subotky is Partner and Portfolio Manager of Yacktman Asset Management. For performance information through the most recent month end please call 800.548.4539. GuruFocus rated Beiersdorf AGthe business predictability rank of 2-star. The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Funds return during the specified quarter. # 39 Stephen Schwarzman $31.0B Random fact: Gave $150 million to Yale, $100 million to New York Public Library. High-yield bonds (also known as junk bonds) may be subject to greater levels of interest rate, credit, and liquidity risk than investments in higher rated securities. Since inception, it returned 10.17% versus 9.2% for the index. Find out more below. 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. Jason Subotky and Adam Sues discuss their eclectic approach to value and how they manage their storied fund. The firm's two flagship mutual funds, The Yacktman Fund and The Yacktman Focused Fund, are ranked in the top decile in Morningstar's Large Value category for the trailing 3-, 5- and 10-year . Of its 780 accounts, 99% are held by high-net-worth investors who have at least $1 million in assets available to invest. He avoids promoting his own record or ideas, which is almost never the case when a fund grows as fast as Yacktmans has. Answer a few questions andget matched with an advisor. Your browser is not currently supported. Yacktman Asset Management, an investment management firm, released its Yacktman Fund Q3 2022 investor letter. He just doesnt get rattled in bad markets, says Jeff Auxier, a fellow value-fund manager based in Oregon. So he flew to Atlanta that day for a meeting. He joined the firm in 2013 and is portfolio manager for the AMG Yacktman Special Opportunities Fund. 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. But nothing prepared him for this. Yacktman Asset Management, managed by the well-respected Donald Yacktman, was founded in 1992. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. Yacktman employs a disciplined investment strategy, buying growth companies at what it believes to be low prices. Hedge Fund and Insider Trading News: Steve Cohen, Two Sigma Advisors, Citadel LLC, Bridgewater Associates, Fir Tree Partners, NVIDIA Corporation (NVDA), Erasca Inc (ERAS), and More. Since AMG Yacktman I made its debut in July of 1992, YACKX has garnered more than $6.47 billion in assets. As for the more controversial fare in his portfolio Hewlett-Packard (HPQ), RIM (RIMM), Apollo Group (APOL) Steve says they are just more value bets on the odds playing out in their favor. Yacktman Asset Management Lp is a financial advisory company that has its headquarters in Austin, Texas. profile-compliance@smartasset.com. His daughter Melissa, 35, recalls working for him during summer breaks, when lunchtime included inviting the passing homeless man to eat. The fund gained 2,693,333 shares of Fox Corp., occupying 1.73% of the portfolio. Yacktman Fund is categorized as Large-Blend. The same goes for PepsiCo, in which Yacktman funds are the 10th-largest holder. Explore client engagement resources, advisor focused insights, and expert views from our affiliates. Yacktman is one of the worlds most successful mutual fund managers, yet you would never know it. The 71-year-old with a broad build and bald pate is thriving in the slumping, post-crisis world of stock mutual funds. (See a video of Jennys recovery.) Find contact's direct phone number, email address, work history, and more. AMG Products from this firm YACKX For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. 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