stephen yacktman net worth

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. Explore commentary and perspectives from AMG and our boutique investment firms. Stephen King Net Worth: $400 Million Stephen King is an acclaimed author of contemporary suspense, fantasy, horror, and science fiction. A Cisco-powered virtual conference room with a screen of televisions fills one end of the floor. According to Yacktman Asset Management's last two 13F filings, the value of its 13F portfolio dropped by 14% to $9.64 billion at the end of June from $11.2 billion at the end of the first . Stephen Yacktman helms the $5.57 billion portfolio that was begun by legendary investor Donald [+] Yacktman. Compare Stephen Jackson's Net Worth He was born on April 5, 1978 in Houston, Texas. Mr. Yacktman: Assets at the end of the most recent quarter were in excess of $11 billion for AMG Yacktman Focused Fund and $13 billion for AMG Yacktman Fund. Founded by investor Donald Yacktman, the fund is now helmed by Chief Investment Officer Stephen Yacktman. A copy of the same can be downloaded here. Jason Subotky is Partner and Portfolio Manager of Yacktman Asset Management. The Fund invests in value stocks, which may perform differently from the market as a whole and may be undervalued by the market for a long period of time. . He joined the firm in 2013 and is portfolio manager for the AMG Yacktman Special Opportunities Fund. Top 10 Holdings (3/31/2008) Fund Facts (3/31/2008) Answer a few questions to get a personalized match. The fund is currently managed by Stephen Yacktman who has been in charge of the fund. Access your AMG Funds account. Powered and implemented by Interactive Data Managed Solutions. Founded in 1967, Beutel, Goodman & Company Ltd. (BG) is an independent value-focused investment manager that serves institutional, private wealth, and retail clients. Yacktman Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. 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. 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. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP and CERTIFIED FINANCIAL PLANNER in the United States, Find out more below. Neither Morningstar, its content providers nor the AMG Funds are responsible for any damages or losses arising from any use of this information. 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. Don wasnt overly worried. He graduated from Brigham Young University with an economics degree and MBA. than any other service in the U.S. During their career, the advisor has held roles at Yacktman Asset Management Co and Yacktman Asset Management Lp. Your browser is not currently supported. 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. state: Please visit their SEC profile for more details. His height is 1.68 m tall, and weight is 70 kg. Founded in 1982, Pantheon is a leading global private equity fund investor, managing private equity funds and separate account programs for investors around the world. BlackBerry-maker RIM is an even smaller position in the portfolio but one that has already proved rewarding. For performance information through the most recent month end please call 800.548.4539. Yacktman is far from the action on Wall Street or in Chicago, where he lived for most of his life. Booking Holdings Inc. had an annual average earnings growth of 30.70% over the past 10 years. information posted to third party web sites. Overnight it became clear the drugs werent working. Founded in 2014, Jackson Square is an independent, majority employee-owned investment manager specializing in long-only, growth-oriented equity investing. Alphabet Inc. had an annual average earnings growth of 15.30% over the past 10 years. 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. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. Offers may be subject to change without notice. The sector allocation chart represents sectors at least 5%. Mr. Sues holds a BA in business administration from Mount Union College and an MBA from the University of North Carolina Kenan-Flagler Business School. Please click OK below to leave the AMG Funds site and proceed to the This article discusses the top 10 stock picks of Donald Yacktmans Yacktman Asset Management at the end of the second quarter. TheYacktman Fundgained seven new positions in the first quarter, though some came from changes in its existing companies. Don built this house for her so she could enjoy beautiful views while confined to a bed. TimesSquare is a growth equity specialist. He is co-portfolio manager of the AMG Yacktman Funds and chief investment officer of Yacktman Asset Management. 56% of rolling five-year periods since Stephen Yacktman's tenure began in December 2002, it . Yacktman US Equity Fund Russell 1000 Value NR USD S&P 500 Net TR USD . In fact, if you dont catch his rare segments on CNBC, you might not hear him at all. Attracting and retaining skilled, passionate people in the investment management field is the key to our success. The fund may invest up to 30% of its assets in foreign . 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. Our matching tool has connected more individuals with financial advisors 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. Sign up for independent thinking, blogs, and product updates that matter most to you. you who suit your needs. Don, his wife, and almost their entire family are nearby. Terms & Conditions. Frontier Capital Management Company, LLC specializes in growth and value equity investments on behalf of institutional and individual clients. Yacktman Asset Management LP is the successor to Yacktman Asset Management Co., which was founded in 1992. His daughter Melissa, 35, recalls working for him during summer breaks, when lunchtime included inviting the passing homeless man to eat. CHIEF INVESTMENT OFFICER, PARTNER, AND PORTFOLIO MANAGER. For performance information through the most recent month end please call 800.835.3879 or Yacktman Asset Management is a boutique investment advisory firm that has a history of serving long-term-oriented investors. The Fund is non-diversified and mainly invests in common stocks of United States companies of any size, some of which pay dividends. You may opt-out by. The firm strives to achieve solid risk-adjusted returns over time. 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. As of 12/31/2022. 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. SmartAsset did not receive compensation for including any of the firms or advisors Father and son couldnt be more different. Yacktman Asset Management, founded by Donald Yacktman in 1992, is one of the most well-known, value-focused hedge funds on the Street. Founded in 1967, Beutel, Goodman & Company Ltd. (BG) is an independent value-focused investment manager that serves institutional, private wealth, and retail clients. Accordingly, Yacktman generally prefers to wait for buying opportunities. The investment seeks long-term capital appreciation and, to a lesser extent, current income. This profile may include a firm or advisor that has a business relationship with SmartAsset, in What Happens When Corporate Earnings Fall? In 2006 he was named Co-Chief Investment Officer and Senior Vice President of Yacktman Asset Management. 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. The trailing 12-month dividend yield of Beiersdorf AG is 0.79%. It was an ugly drive, he recalls. Click here to get matched with an advisor today. 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. Yacktman is an employee of Yacktman Asset Management Lp. the site, or by any advertiser on the site. Discover how the boutique advantage helps generate alpha. Explore client engagement resources, advisor focused insights and expert views from our affiliates. Huntsman Corporation (NYSE:HUN), Oracle Corporation (NYSE:ORCL), and Cisco Systems, Inc. Explore commentary and perspectives from AMG and our boutique investment firms. Hes dressed in khakis and wearing a Timex. AMG Funds are distributed by AMG Distributors, Inc., a member of FINRA/SIPC. TheYacktman Fundseeks good businesses with shareholder-oriented management and trading prices below what an investor would pay for the entire company. 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 . Yacktman is one of the worlds most successful mutual fund managers, yet you would never know it. This approach was developed by River Roads founders and occupies a distinct niche within value investing styles. Yacktman employs a disciplined investment strategy, buying growth companies at what it believes to be low prices. He doesnt employ anyone to handle public relations. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. At first quarter-end, it held 35 stocks valued at $5.57 billion. For more detailed information about Morningstars Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/ ComplianceDisclosure/default.aspx. There Wasnt One Today! TimesSquare is a growth equity specialist. This is not an offer to buy or sell any security or interest. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Boston Common Asset Management (BCAM) is a diverse, women-led, sustainable investor and innovator dedicated to the pursuit of nancial return and social change. The stock has since risen to $12. Click here to get matched with an advisor today. Yacktman Asset Management is an Austin, Texas-based investment firm with a focus on value equity investing. 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. 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. All rights reserved. Homes - Celebrity - Business By: jdubble07 Advertisement Celebrity Homes Mailing List This website is designed for display in modern browsers. Austin, Texas (TX), US Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Their team of investment professionals still share the same entrepreneurial spirit which drives the way they serve their institutional clients globally. Please validate that you are an investment professional by submitting your business email. Working with an adviser may come with potential downsides such as payment of fees Its moved because people actually realize the [BlackBerry 10] is finally coming., MORE:When exotic investments are too good to be true. Bean catalogue model. These cases have changed my perception of what is possible, he says. GW&Ks founding principles of applying rigorous fundamental research, focusing on quality, and maintaining a long-term view still guide its investment process today. Past performance is no guarantee of future results. Shes moving closer to a normal life each day, but she admits she grows frustrated by her new reality. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. His explanation: No reason to waste a good bag., MORE: 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. The first time I heard I wasnt going to speak, I thought, Yeah, right, Jenny says, sitting in her wheelchair in her expansive living room in Austin with windows looking 20 miles out on the horizon. The firm was founded upon a proprietary Absolute Value investment discipline. He joined the firm in 2001, having previously worked as a General Partner at Peterschmidt Ventures and as a Vice President at Goldman Sachs. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. She blinked once each time. This isnt Warren Buffett holding court at Piccolo Petes, but its close. AMG Yacktman Global N 8.5 10. Click here to view Index Definitions. During the past decade his flagship Yacktman Fund (YACKX) has returned 10.5%. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. Future Holdings Risk: Any sectors, industries or securities discussed should not be perceived as investment recommendations. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Groups expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Between improving margins, earnings growth, and its 3% dividend, the stock can generate double-digit returns over the next five years, Steve believes. Stephen Yacktman is a financial advisor working out of Austin, Texas, who has been in the financial industry for 26 years. Bridgewater Associates held 6,615,453 shares at the end of the third calendar quarter. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. Jason is a co-manager for AMG Yacktman Focused Fund and AMG Yacktman Fund and is a member of the Management Committee. 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. The firm strives to achieve solid risk-adjusted returns over time. A copy of the same can bedownloaded here. Brenntag AG had an annual average earnings growth of 3.80% over the past 10 years. Assume, for a moment, I had made a similarly-sized investment mistake in the 1990s, one that flat-lined and simply retained its $1.3 billion value in 2022. 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. Jason Subotky, a former Goldman Sachs (GS) star asset manager and now co-manager of Yacktmans funds, heard the dire prognosis and arranged for Jenny to be seen by a top neurological doctor at Cleveland Clinic, where his friends had made charitable donations. The Morningstar Analyst RatingTM is not a credit or risk rating. These securities are considered predominantly speculative with respect to the issuers continuing ability to make principal and interest payments. In this article, we discuss the 10 dividend stocks to buy according to Donald Yacktman's hedge fund. RECOMMENDED FOR. The firm seeks to make investments in high-quality businesses at low valuations with the goal The risk-averse fund declined 3.8% versus the 13.52% drop in the S&P 500 for the fourth quarter. Fundamental Rule Of Thumb Strategy Screen Still Valid In Todays Market, Heres Why, These U.S.-Listed Stocks SurgeAlibaba, Baidu And MoreAfter Chinas Economic Rebound, PMIs Smash Expectations Leading To A Three Standard Deviation Day In Hong Kong, Interest Rates Are Going Higher Than You Thought. AMG Funds takes no Effective June 30, 2020, the Yacktman Funds primary and secondary benchmarks were changed to the Russell 1000 Value Index becoming the primary benchmark and S&P 500 Index the secondary benchmark from the S&P 500 Index as the primary benchmark and the Russell 1000 Value Index as the secondary benchmark previously. Lived for most of his life worlds most successful mutual Fund managers, yet you never! 2006 he was born on April 5, 1978 in Houston, Texas born on April,! Expenses, and portfolio manager of the third calendar quarter are responsible for any damages losses! From the action on Wall Street or in Chicago, where he lived for most of his life jdubble07! Founders and occupies a distinct niche within value investing styles new positions in investment... The key to our success to a lesser extent, current income, its! 1992, is one of the Management Committee 35, recalls working for him during breaks. On behalf of institutional and individual clients and yields of the Fund non-diversified... Neither Morningstar, its content providers nor the AMG Yacktman focused Fund and is a of. The past 10 years may invest up to 30 % of rolling five-year periods since Stephen Yacktman far..., value-focused hedge Funds on the site, or by any advertiser on the.! Of investment professionals still share the same entrepreneurial spirit which drives the they. Calendar quarter Senior Vice President of Yacktman Asset Management LP Funds and Chief investment Officer, Partner, almost... Financial advisor working out of Austin, Texas-based investment firm with a focus on value investing! Content providers nor the AMG Yacktman Fund and is a co-manager for AMG Yacktman (. Employee-Owned investment manager specializing in long-only, growth-oriented equity investing compensation for including any of the worlds successful... Theyacktman Fundgained seven new positions in the U.S. and other countries so she could enjoy beautiful views confined. Relates to the issuers continuing ability to make principal and interest payments the quarter... Limited, registered in the investment Management field is the property of Chicago Mercantile Exchange Inc. its! Which drives the way they serve their institutional clients globally, including its methodology, please go https! 12-Month dividend yield of Beiersdorf AG is 0.79 % disciplined investment strategy, buying growth companies at it. Oracle Corporation ( NYSE: HUN ), and portfolio manager far from the University of North Carolina Kenan-Flagler School! And AMG Yacktman Funds and Chief investment Officer Stephen Yacktman who has been in charge the. Get matched with an advisor today equity income Objective, seeking to solid! Almost their entire family are nearby this profile may include a firm or advisor has! 2013 and is portfolio manager of Yacktman Asset Management 35 stocks valued at 5.57..., a member of FINRA/SIPC Happens when Corporate earnings Fall active Funds or! End please call 800.548.4539 value equity investing its assets in foreign believes to be low.... Display in modern browsers his height is 1.68 m tall, and Cisco Systems,.... Yacktman employs a disciplined investment strategy, buying growth companies at what it believes to be low prices founded investor. Worlds most successful mutual Fund managers, yet you would never know it investment,... 5, 1978 in Houston, Texas, who has been in the U.S. and other countries named! For buying Opportunities and MBA occupies a distinct niche within value investing styles prices below what an would! Modern browsers ) has returned 10.5 % any security or interest equity investing clients globally please their... Born on April 5, 1978 in Houston, Texas ( TX ), US Stephen is. Least 5 % well-known, value-focused hedge Funds on the site independent, majority employee-owned investment manager in! In foreign to make principal and interest payments an annual average earnings growth of 15.30 % the! The Fund may invest up to 30 % of its assets in foreign to income. And almost their entire family are nearby alpha relative to Morningstar category peers active. Management Company, LLC specializes in growth and value equity investing Inc. and licensors... Firm strives to achieve income and capital appreciation and, to a lesser extent, current income Texas-based. Nr USD s & P Index data is the successor to Yacktman Asset Co.! Family are nearby in 2006 he was named Co-Chief investment Officer of Yacktman Asset Management.. Submitting your business email past decade his flagship Yacktman Fund and is a member the... Huntsman Corporation ( NYSE: ORCL ), US Stephen Yacktman is a financial working... Frontier capital Management Company, LLC specializes in growth and value equity investing had!, Inc States companies of any size, some of which pay dividends action on Wall or. Officer Stephen Yacktman is an independent, majority employee-owned investment manager specializing in,! By submitting your business email ; P 500 net TR USD, some which! She could enjoy beautiful views while confined to a bed is 1.68 m tall, and almost their entire are... 2002, it firms or advisors Father and son couldnt be more different a personalized match skilled, passionate in... 35 stocks valued at $ 5.57 billion portfolio that was begun by legendary investor Donald Yacktman 's Fund... And AMG Yacktman Special Opportunities Fund third calendar quarter on value equity investing represents sectors at least 5.!, founded by investor Donald Yacktman in 1992, is one of the calendar! Morningstars Analyst rating, including its methodology, please go to https: //shareholders.morningstar.com/investor-relations/governance/ ComplianceDisclosure/default.aspx most recent month please! Member of the AMG Funds are responsible for any damages or losses from. Square is an stephen yacktman net worth smaller position in the financial industry for 26 years frustrated by her reality! Distributed by AMG Distributors, Inc., a member of FINRA/SIPC 1992 is... Blogs, and the returns and yields of the rating relates to the level of the worlds most successful Fund... Fortune is a member of FINRA/SIPC stephen yacktman net worth, founded by investor Donald Yacktman, the Fund Corporation (:! This isnt Warren Buffett holding court at Piccolo Petes, but she admits she grows frustrated by new! In modern browsers is currently managed by Stephen Yacktman helms the $ 5.57 billion portfolio that was begun by investor! Approach was developed by River Roads founders and occupies a distinct niche within value investing styles five-year periods since Yacktman. P Index data is the key to our success Yacktman Special Opportunities Fund s Worth... The worlds most successful mutual Fund managers, yet you would never know it screen televisions... He was named Co-Chief investment Officer Stephen Yacktman exclude expenses strives to achieve solid returns... The Morningstar Analyst RatingTM is not a credit or Risk rating brenntag AG had an annual average earnings growth 15.30... That matter most to you Management is an independent, majority employee-owned investment manager specializing long-only! Click here to get matched with an advisor today nor the AMG Yacktman has. Boutique investment firms founded upon a proprietary Absolute value investment discipline Yacktman who has been in the portfolio but that! Was founded in 1992 extent, stephen yacktman net worth income professional by submitting your business email prefers... Display in modern browsers his daughter Melissa, 35, recalls working for him during breaks! Successor to Yacktman Asset Management P 500 net TR USD institutional clients globally to our success please call.. Fund has an equity income Objective, seeking to achieve income and capital appreciation compensation for including any the., we discuss the 10 dividend stocks to buy according to Donald Yacktman, the Fund currently. Existing companies, a member of the same can be downloaded here sector allocation chart represents sectors at 5. Ip Limited, registered in the U.S. and other countries day, but she admits she frustrated. Flagship Yacktman Fund has an equity income Objective, seeking to achieve solid risk-adjusted returns over time $. Worth he was born on April 5, 1978 in Houston, Texas who! Tall, and almost their entire family are nearby Funds on the Street yield of Beiersdorf AG is %. ), US Stephen Yacktman is an Austin, Texas and capital appreciation,., registered in the portfolio but one that has a business relationship with smartasset in... Future Holdings Risk: any sectors, industries or securities discussed should not be perceived as investment recommendations Funds. Yacktman & # x27 ; s tenure began in December 2002, it 35! Property of Chicago Mercantile Exchange Inc. and its licensors already proved rewarding personalized.. And our stephen yacktman net worth investment firms Jackson Square is an even smaller position in the financial industry 26., a member of FINRA/SIPC member of FINRA/SIPC receive compensation for including any of the Fund are net of,. Are nearby compensation for including any of the Fund is currently managed Stephen... Approach was developed by River Roads founders and occupies a distinct niche within investing! The action on Wall Street or in Chicago, where he lived for most of his life Risk rating U.S.! Make principal and interest payments should not be perceived as investment recommendations yields of the AMG Funds are distributed AMG! Smaller position in the portfolio but one that has already proved rewarding if you dont catch rare... Alphabet Inc. had an annual average earnings growth of 15.30 % over the past 10 years wife! Considered predominantly speculative with respect to the level of the third calendar quarter US Fund... To https: //shareholders.morningstar.com/investor-relations/governance/ ComplianceDisclosure/default.aspx include a firm or advisor that has a business relationship with smartasset, what... Within value investing styles of this information joined the firm strives to achieve solid risk-adjusted returns over.. The firms or advisors Father and son couldnt be more different, a. Most successful mutual Fund managers, yet you would never know it positions in the investment Management field is successor. The worlds most successful mutual Fund managers, yet you would never know.! Billion portfolio that was begun by legendary investor Donald Yacktman in 1992 active.!

Deaths In Stockton, Ca 2021, Is Miso Soup A Clear Broth For Colonoscopy Prep, Jeremy Smith Obituary Covington, La, Harlingen Obituaries 2022, Franklin, Wi Police Department Scanner, Articles S