Yacktman (YACKX) is a $3.3 billion fund with a 12.4% return this year, dead on to its pace of the past decade. It currently shows a penchant for media (20% of the fund) and soda-company stocks.
It is a highly focused fund, holding only 43 stocks with 55% of the fund's assets concentrated in its top 10 holdings.The media conglomerate News Corp. (NWSA - Get Report), built by Rupert Murdoch, is by far the largest fund holding, at 9%. The fund added to its stake by buying 4.6 million shares in the third quarter, bringing its stake to 19.3 million, a bullish move by Yacktman since the company is dependent on advertising for much of its revenue. Its businesses include the Fox TV network, cable and satellite service providers, book publishers and a number of print publications, including The Wall Street Journal. Its shares are up 7% this year. Yacktman also holds other media-related stocks including the cable-TV companies Viacom (VIA.B) and Comcast (CMCSK), and the diversified Liberty Media (LINTA). Yacktman also has a sweet tooth, as its second- and third-biggest stock holdings are Pepsi (PEP), at a 7.6% fund allocation, and Coca-Cola (KO), at 7.1%.