stephen yacktman net worth
For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. Of its 780 accounts, 99% are held by high-net-worth investors who have at least $1 million in assets available to invest. Stephen King Net Worth: $400 Million Stephen King is an acclaimed author of contemporary suspense, fantasy, horror, and science fiction. He then moved himself and his entire business there too. 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. AMG takes a cut of fees but doesnt meddle in operations.). AMG Funds does not endorse this web site, its sponsor, Stephen Yacktman helms the $5.57 billion portfolio that was begun by legendary investor Donald [+] Yacktman. 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. Austin, Texas (TX), US Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. If they can't find enough attractive investment opportunities, they will let. Since Inception 07/06/1992 to 01/31/2023 = $207,408.21. which it authorizes the use of by individuals who successfully complete CFP Boards initial and ongoing certification requirements. The Walt Disney Co. has a market cap of $236.85 billion; its shares were traded around $131.76 Wednesday with a price-earnings ratio of 19.11 and price-sales ratio of 3.30. Grandeur Peak Global Opportunities Instl* 10.2 Morningstar grouped it with foreign/global CATEGORY AVERAGE 4.8% CATEGORY AVERAGE 7.9% stock funds in 2017. Brenntag AG had an annual average earnings growth of 3.80% over the past 10 years. The trailing 12-month dividend yield of Brenntag AG is 2.29%. compiled from the SEC and Compare Stephen Jackson's Net Worth He was born on April 5, 1978 in Houston, Texas. AMG Funds are distributed by AMG Distributors, Inc., a member of FINRA/SIPC. Stephen Malkmus was born in Santa Monica, California in May 1966. Huntsman Corporation (NYSE:HUN), Oracle Corporation (NYSE:ORCL), and Cisco Systems, Inc. It handles $18 billion in assets across its 780 accounts, making it one of the largest investment advisory firms in the nation by assets under management. 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. The doctor offered a mixed prognosis: Jenny would live after stabilizing, and the swelling was receding, so she didnt have to worry about any future brain damage. 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 firms equity strategies use bottom-up, fundamental research to invest in high-quality companies trading at discounts to their business value. AMG Funds provides access to a wide array of separate account strategies managed by a number of AMG's Affiliate investment managers. It also may invest in foreign equity securities, including emerging market securities, and debt securities. Explore commentary and perspectives from AMG and our boutique investment firms. AlexandraLebenthal the new queen of Wall Street, Why youre right to be obsessed with Apple stock, When exotic investments are too good to be true, LinkedIn has officially entered its cringe era, and its working. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching Purchase or redeem shares. Happy clients might be willing to kick in too. Please click OK below to leave the AMG Funds site and proceed to the As its assets have skyrocketed, so has client demand to meet the father-and-son duo. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. 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. But she has plenty of support. MORE:Why youre right to be obsessed with Apple stock. 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. Yacktman Asset Management, founded by Donald Yacktman in 1992, is one of the most well-known, value-focused hedge funds on the Street. 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. View your account balance and transaction history. During this presentation, the Yacktman Asset Management team discussed quarterly updates to the AMG Yacktman Fund (YACKX) and the AMG Yacktman Focused Fund (YAFFX, YAFIX). Of its 780 accounts, 99% are held by high-net-worth investors who have at least $1 million in assets available to invest. From 2010-2013, he was the founder and author of Value Uncovered, an investment website focused on value-oriented stock research and fundamental analysis. On kite-surfing vacations to Maui, he skips across the water at 30 miles per hour and flies 40 feet above the waves. Click here to get matched with an advisor today. review the ongoing performance of any Adviser, participate in the management of any users account by TimesSquare is a growth equity specialist. Perf ormance (9/30/09*) 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. Brenntag AG has a market cap of 7.42 billion euros; its shares were traded around 48.00 euros with a price-earnings ratio of 16.05 and price-sales ratio of 0.58. Booking Holdings Inc. has a market cap of $82.81 billion; its shares were traded around $1,839.79 Wednesday with a price-earnings ratio of 22.08 and price-sales ratio of 6.08. To report any data inconsistencies or errors, please contact Yacktmans investing style is undeniably reserved too. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. Heres Why, 3 Surging Dividends You Do Not Want To Miss Out On, United Parcel Service A Top Socially Responsible Dividend Stock With 3.5% Yield, What To Look For In The February Consumer Price Inflation Numbers, Student Debt Snafu Shows The Danger Of Blending Public Good And Profit. 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. 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. the site, or by any advertiser on the site. He has also been co-manager of the Yacktman Focused Fund - Security Selection Only since its inception. 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. Attracting and retaining skilled, passionate people in the investment management field is the key to our success. Jenny and Mark were flown there the next day, while Don and the rest of the family who had gathered in Indianapolis started the five-hour journey through a spring blizzard. The Fund seeks long-term capital appreciation through an intrinsic value-oriented investment approach. Since 1992, Yacktman Asset Management has navigated multiple market cycles while adhering to a disciplined investment approach. Find contact's direct phone number, email address, work history, and more. In fact, if you dont catch his rare segments on CNBC, you might not hear him at all. The firm reported on Wednesday that its portfolio welcomed: The Walt Disney Co., Booking Holdings Inc., Brenntag AG, Alphabet Inc., Fox Corp., Beiersdorf AG and Fox Corp. Fox Corp. and The Walt Disney Co. came into the portfolio when the funds previous holding, Twenty-First Century Fox, sold many of its assets to Disney in the first quarter. Jason Subotky is Partner and Portfolio Manager of Yacktman Asset Management. The forward dividend yield of The Walt Disney Co. is 1.35%. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Yacktman is one of the worlds most successful mutual fund managers, yet you would never know it. Such opportunities do not always occur in correlation with overall market performance trends. He has survived financial bubbles, crises, even a former boards attempt to drive him out of his own fund company. Father and son couldnt be more different. The performance data shown represents past performance. GW&K Investment Management is a dynamic investment management firm that offers asset allocation, active equity, and fixed income investment solutions to help meet the needs of a diverse client base. The stocks fourth-quarter share price averaged $1,785. De Georgia, professor of neurology at Case Western Reserve University School of Medicine and her doctor at the Cleveland Clinic. Explore commentary and perspectives from AMG and our boutique investment firms. firms or advisors. Here's an update on the fund's moves in Q3 2021. AMG Products from this firm YACKX You may opt-out by. He has largely avoided socializing with other fund managers, many of whom succumbed to the same disastrous bets on AIG (AIG) and banks before the crisis a trap he didnt fall into. Beiersdorf AG had an annual average earnings growth of 5% over the past 10 years. Heptagon Yacktman U.S. Equity. Shaw Group. The fund purchased 117,500 shares of Booking Holdings, giving it 3.68% portfolio weight. Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. The business offers a wide assortment of services, including portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles and portfolio management for institutional clients. 7,745 views Unrated Categories Buildings > Homes - Celebrity - Business Comments Policies View your account balance and transaction history. GuruFocus rated Booking Holdings Inc.the business predictability rank of 3.5-star. The spectacular returns and conservative approach have attracted new money a lot of new money to Yacktmans funds. For example, they recently loaded up again on Procter & Gamble, which Steve says is at the tail end of a cycle of contracting margins. Past performance is no guarantee of future results. Each holding now accounts for roughly 5% of Berkshire's net worth, akin to its weighting long ago. Without such waiver, the Rankings may have been lower. Don, his wife, and almost their entire family are nearby. The risk-averse fund declined 3.8% versus the 13.52% drop in the S&P 500 for the fourth quarter. Steve was a finalist for Morningstar's Domestic-Stock Manager of the Year award in 2011. Find out more below. The fund purchased 100,000 shares of Alphabet Inc., giving it 2.11% portfolio weight. Profile content is produced by SmartAsset independently of any FORTUNE The County Line barbecue joint in Austin is buzzing at lunchtime you can smell the charred red meat half a mile away. Could Chinese Equities Stage a Strong Comeback in 2023? He answers his phone himself. Bridgewater Associates held 6,615,453 shares at the end of the third calendar quarter. The firm seeks to make investments in high-quality businesses at low valuations with the goal You are now leaving the AMG Funds web site: Mr. Subotky received a Bachelor of Music from the University of Southern California and an MBA from Brigham Young University. All investing involves risk, including Investors should carefully consider the Funds investment objectives, risks, charges and expenses before investing. Don built this house for her so she could enjoy beautiful views while confined to a bed. Yacktman is an employee of Yacktman Asset Management Lp. 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. 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. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. I never want to come across as arrogant, he says from his modest third-floor office in the west hills of Austin, where landscape reprints hang on the walls. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. than any other service in the U.S. The fund purchased 2.305 million shares of Brenntag AG, giving it 2.13% portfolio weight. The performance data shown represents past performance. 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. This isnt Warren Buffett holding court at Piccolo Petes, but its close. Accordingly, Yacktman generally prefers to wait for buying opportunities. 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