13F filing recap · Q4 2016

What did Yacktman Asset Management buy in Q4 2016?

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

$11.02B

Positions

Estimated turnover

8.7%

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.

New positions

SPYSPDR S&P 500 ETF Trust$2.32Mreported value+10.4K shares

Increased positions

UNUnilever Plc$142.60Mreported value+1.17M shares+50.7%RDIReading International, Inc.$398.0Kreported value+5.5K shares+29.9%

Reduced positions

PGProcter & Gamble Co$1.33Breported value-270.8K shares-1.7%FOXATwenty-First Century Fox, Inc.$1.22Breported value-4.02M shares-8.4%PEPPepsico, Inc.$918.96Mreported value-19.0K shares-0.2%ORCLOracle Corporation$753.35Mreported value-348.6K shares

Exited positions

MZTIThe Marzetti Company$34.34Mprior reported value-260.0K shares-100.0%VMIValmont Industries Inc$242.0Kprior reported value-1.8K shares-100.0%RAVNRaven Industries Inc$230.0Kprior reported value-10.0K shares-100.0%