13F filing recap · Q1 2014

What did Yacktman Asset Management buy in Q1 2014?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Yacktman-managed account, including accounts that belong to no fund below.

Stock value

$24.00B

Positions

Estimated turnover

5.5%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Increased positions

PEPPepsico, Inc.$2.76Breported value+1.12M shares+3.5%PGProcter & Gamble Co$2.14Breported value+705.7K shares+2.7%KOCoca Cola Co$1.72Breported value+1.21M shares+2.8%AVPAvon Products, Inc.$365.99Mreported value+6.20M shares+33.0%CHRWC.h. Robinson Worldwide, Inc.$344.91Mreported value+54.8K shares+0.8%WMTWalmart Inc.$248.52Mreported value+1.0K shares+0.0%FOXATwenty-First Century Fox, Inc.$127.45Mreported value+3.56M shares+669.8%

Reduced positions

FOXATwenty-First Century Fox, Inc.$1.87Breported value-3.74M shares-6.0%CSCOCisco Systems, Inc.$1.40Breported value-163.0K shares-0.3%MSFTMicrosoft Corporation$1.35Breported value-1.28M shares-3.7%SYYSysco Corporation$1.15Breported value-151.6K shares

Exited positions

NWSANews Corporation$45.41Mprior reported value-2.52M shares-100.0%BBBlackberry Limited$43.83Mprior reported value-5.88M shares-100.0%NWSNews Corporation$597.0Kprior reported value-33.5K shares-100.0%SPYSPDR S&P 500 ETF Trust$345.0Kprior reported value-1.9K shares