BOSTON (TheStreet) -- The Yacktman Fund's (YACKX - Get Report) Donald Yacktman, the mutual-fund manager with the best record in the past 10 years, has boosted his holdings in out-of-favor stocks, including scandal-plagued media giant News Corp. (NWSA - Get Report) and troubled computer-networking bellwether Cisco Systems (CSCO - Get Report).The manager of the $5.4 billion fund also initiated a big position in Research In Motion ( RIMM), maker of the beleaguered BlackBerry smartphone, and added to a stake in Hewlett-Packard ( HPQ - Get Report), both of which have seen their shares slide this year. Yacktman made the changes in the second quarter, according to information from Morningstar and Bloomberg. In addition to stocks, the Yacktman Fund bought a boatload of U.S. Treasury bills despite the volatility that swirled around the sector in the run-up to the debt-ceiling debacle, which threatened to cause their devaluation. President Barack Obama signed a debt-limit compromise yesterday, the day the U.S. would have failed in its ability to pay all of its obligations, such as Social Security and personnel salaries.
|Donald Yacktman, manager of the top-ranked Yacktman Fund.|