View your account balance and transaction history. GuruFocus rated Brenntag AGthe business predictability rank of 4.5-star. 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. 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. The firm seeks to make investments in high-quality businesses at low valuations with the goal Find out more below. 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. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. He graduated from Brigham Young University with an economics degree and MBA. Two months after the stroke, she returned home from the hospital. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, SmartAsset does not Yacktman owns this 9,300 sqft home as well as the baseball diamond next door. ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching Comanagers Stephen Yacktman and Jason Subotky are not strict value investors, but they are very valuation-conscious. The focus is on identifying good quality, sustainable businesses and remaining patient to buy into these companies at the right entry point in order to achieve long term real returns. Since Inception 07/06/1992 to 01/31/2023 = $207,408.21. (See a video of Jennys recovery.) Investment Strategy. Stephen Yacktman helms the $5.57 billion portfolio that was begun by legendary investor Donald [+] Yacktman. Austin, Texas (TX), US Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. 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. Get our editors daily picks straight in your inbox! Working with an adviser may come with potential downsides such as payment of fees Yacktmans investing style is undeniably reserved too. The firm manages both funds and segregated portfolios for institutional and retail investors globally. Accordingly, Yacktman generally prefers to wait for buying opportunities. You are now leaving the AMG Funds web site: 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. Each of his children can tell a story about his frugality. . 2023 Morningstar, Inc. All Rights Reserved. Could Chinese Equities Stage a Strong Comeback in 2023? But she has plenty of support. Terms & Conditions. Since 1992, the firm has navigated multiple market cycles while adhering to a disciplined investment approach led by Stephen Yacktman, Chief Investment Officer. business relationships that might exist between SmartAsset and the named financial professional and The Firm seeks to invest in high-quality businesses at low valuations, with the goal of generating outperformance over a full market cycle while managing the level of risk. The trailing 12-month dividend yield of The Walt Disney Co. is 1.30%. Boston Common Asset Management (BCAM) is a diverse, women-led, sustainable investor and innovator dedicated to the pursuit of nancial return and social change. This is not an offer to buy or sell any security or interest. you who suit your needs. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. is registered with the U.S. Securities and Exchange Commission as an investment adviser. Yacktman owned conservative names like P&G heading into the crisis. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used. For the first few days, all Jenny could do was blink, and doctors thought it was unlikely she would ever do more. Frontier Capital Management Company, LLC specializes in growth and value equity investments on behalf of institutional and individual clients. News Corp. ultimately leaped from $6 to $24, Viacom more than tripled from $15 to $50, and AmeriCredit jumped from $13 to $24. He is. It also may invest in foreign equity securities, including emerging market securities, and debt securities. 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. 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. 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. 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. You are now leaving the AMG Funds web site: The Fund seeks long-term capital appreciation through an intrinsic value-oriented investment approach. AMG Yacktman Global N 8.5 10. Billionaire investing legend Donald Yacktmanis increasingly pulling money out ofU.S. equities. The investment seeks long-term capital appreciation and, to a lesser extent, current income. The issuers of the Funds holdings may be involved in bankruptcy proceedings, reorganizations, or financial restructurings, and are not as strong financially as higher-rated issuers. The two funds have pulled in $12.9 billion since 2008, Morningstar estimates more than all but one other stock fund, a BlackRock dividend fund. Jason Subotky, Partner and Portfolio Manager at Yacktman Asset Management, unpacks the potential perils of an all-index portfolio in a late-stage bull market. You may opt-out by. The performance data shown represents past performance. The Fund seeks to generate equity-like rates of return over a full market cycle while managing the level of risk. Yacktman is one of the worlds most successful mutual fund managers, yet you would never know it. Stephen Jackson played college basketball at Butler Community College from 1996 until 1997. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. Huntsman Corporation (NYSE:HUN), Oracle Corporation (NYSE:ORCL), and Cisco Systems, Inc. Current performance may be lower or higher than the performance data quoted. Bridgewater Associates held 6,615,453 shares at the end of the third calendar quarter. 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. Investors should carefully consider the Funds investment objectives, risks, charges and expenses before investing. He avoids promoting his own record or ideas, which is almost never the case when a fund grows as fast as Yacktmans has. loss of principal. They are a trusted partner to institutional investors globally, providing mutual fund and separate account management. To get all of the top stock picks from Brian Yacktman read the entire 4,288 word interview, exclusively in the Wall Street Transcript. In 1982, Yacktman was wooed by Vincent Chesley to manage Selected American Shares, a portfolio worth $76 million which he primarily managed using his investment mantra of selecting shares of small companies, referred to as "bargains". Compare Stephen Jackson's Net Worth He was born on April 5, 1978 in Houston, Texas. 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. But today she hardly has any time to take in the views. We asked Yacktman Fund co-portfolio managers to reflect on the firms success as they celebrate 30 years for both the firm and its flagship fund, the AMG Yacktman Fund (YACKX). 56% of rolling five-year periods since Stephen Yacktman's tenure began in December 2002, it . The business offers a wide assortment of . As its assets have skyrocketed, so has client demand to meet the father-and-son duo. Yacktman US Equity Fund Russell 1000 Value NR USD S&P 500 Net TR USD . Stephen Malkmus was born in Santa Monica, California in May 1966. 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. 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. 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. Her husband has devoted his life to her recovery, spending just 10 hours a week working outside the house at his counseling practice. responsibility for the accuracy or factual correctness of any I told them, If it runs into the seven digits, you guys can cover the overages,' he says with a laugh. He founded Yacktman Asset Management in 1993, and has steered the company ever since. In fact, if you dont catch his rare segments on CNBC, you might not hear him at all. Hes been transferring control of the funds to his second-oldest son, Steve, 42. Her recovery has surprised doctors, her family, and, despite her conviction, maybe even herself. FORTUNE The County Line barbecue joint in Austin is buzzing at lunchtime you can smell the charred red meat half a mile away. The firm strives to achieve solid risk-adjusted returns over time. 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. His record since the middle of the financial crisis is even more impressive. PG 15 . Stephen Yacktman is Chief Investment Officer, Partner, and Portfolio Manager of Yacktman Asset Management. Related News Brian Yacktman and Elliott Savage: the Network . 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. Yacktman Asset Management, managed by the well-respected Donald Yacktman, was founded in 1992. Not surprisingly, the new digs dont sit so well with Don, who considers it a point of pride for a value investor to work out of spartan offices. MORE:Why youre right to be obsessed with Apple stock. Since inception, it returned 10.17% versus 9.2% for the index. Founded in 1967, Beutel, Goodman & Company Ltd. (BG) is an independent value-focused investment manager that serves institutional, private wealth, and retail clients. 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. The focus is on identifying good quality, sustainable businesses and remaining patient to buy into these companies at the right entry point in order to achieve long term real returns. advisors. These securities are considered predominantly speculative with respect to the issuers continuing ability to make principal and interest payments. Yacktman Asset Management is a boutique investment firm located in Austin, Texas. While Don proudly bought a new Honda Accord at Costco, Steve drives a brand-new Cadillac CTS-V, a sedan outfitted with a 560-horsepower Corvette engine. What If There Is No Tomorrow? The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. This profile may include a firm or advisor that has a business relationship with SmartAsset, in The Russell 1000 Value and the S&P 500 Index are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends, and do not reflect the impact of advisory fees. TimesSquare is a growth equity specialist. Tracing its history back to 1946, Montrusco Bolton Investments Inc. is a private investment management firm. AMG Funds takes no CHIEF INVESTMENT OFFICER, PARTNER, AND PORTFOLIO MANAGER. Happy clients might be willing to kick in too. 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. Top Ten Holdings: Mention of a specific security should not be considered a recommendation to buy or solicitation to sell that security. The content in this profile was updated by SmartAsset on 04/01/2022 using publicly available data Sign up for independent thinking, blogs, and product updates that matter most to you. So he flew to Atlanta that day for a meeting. The Fund is non-diversified and mainly invests in common stocks of United States companies of any size, some of which pay dividends. firms or advisors. Explore client engagement resources, advisor focused insights and expert views from our affiliates. Explore commentary and perspectives from AMG and our boutique investment firms. Answer a few questions andget matched with an advisor. 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. 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 the firm in 2013 and is portfolio manager for the AMG Yacktman Special Opportunities Fund. Wall Street experts where to make money in 2013. Shes moving closer to a normal life each day, but she admits she grows frustrated by her new reality. Don marched out to the garage to save it. Take HP, which has seen its stock swoon 50% this year. 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