The Yacktman Focused Fund (Trades, Portfolio) manages a portfolio composed of 20 stocks with a total value of $3,286 million. It seeks long-term capital appreciation and current income. During the second quarter, the guru traded shares in the following stocks:
The fund's Oracle Corp. (ORCL, Financial) stake was reduced by 11.84% with an impact of -0.73% on the portfolio.
The computer software company sells enterprise information technology solutions, including databases, middleware, applications and hardware.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The return on equity (ROE) of 18.85% and return on assets (ROA) of 7.54% are outperforming 71% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 5 out of 10. The cash-debt ratio of 1.14 is below the industry median of 7.63.
The largest shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with 1% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.9%, First Pacific Advisors (Trades, Portfolio) with 0.52%, Hotchkis & Wiley with 0.43%, Donald Yacktman (Trades, Portfolio) with 0.42% and Steven Romick (Trades, Portfolio) with 0.37%.
The fund purchased 330,000 shares of Cognizant Technology Solutions Corp. (CTSH, Financial), expanding the portfolio 0.67%.
The IT company's services include technology consulting, application outsourcing, systems integration, business process services and cloud services.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 16.53% and ROA of 12.36% are outperforming 76% of the companies in the Global Information Technology Services industry. Financial strength has a rating of 8 out of 10. The cash-debt ratio of 0.73 is above the industry median of 0.60.
Richard Pzena (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.14% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio) with 0.74%, Pioneer Investments (Trades, Portfolio) with 0.58%, Jana Partners (Trades, Portfolio) with 0.45% and David Rolfe (Trades, Portfolio) with 0.39%.
The Unilever NV (UN, Financial) holding was closed, impacting the portfolio by -0.57%.
The company makes household products. Its areas of operation are personal care, home care, food and refreshment.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 33.61% and ROA of 9.55% are outperforming 79% of the companies in the Global Household and Personal Products industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 0.24 is below the industry median of 0.57.
Tom Russo (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.44% of outstanding shares, followed by the Yacktman Fund (Trades, Portfolio) with 0.03%, Tweedy Browne (Trades, Portfolio) with 0.02%, Steven Cohen (Trades, Portfolio) with 0.02% and Grantham with 0.02%.
The fund reduced its Johnson & Johnson. (JNJ, Financial) stake by 5.88%. The trade had an impact of -0.36% on the portfolio.
The company produces and sells products for the health care field.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 23.01% and ROA of 11.75% are outperforming 82% of the companies in the Global Drug Manufacturers - Major industry. Financial strength has a rating of 7 out of 10. The cash-debt ratio of 1.22 is below the industry median of 2.05.
The largest shareholder of the company among the gurus is Barrow, Hanley, Mewhinney & Strauss with 0.47% of outstanding shares, followed by Ken Fisher (Trades, Portfolio) with 0.43%, Jim Simons (Trades, Portfolio) with 0.26%,Yacktman with 0.22%, Grantham with 0.18% and the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.13%.
The fund established a position in Infosys Ltd.Ă‚ (INFY, Financial), buying 612,120 shares. The trade expanded the portfolio 0.28%.
The IT company offers software re-engineering, maintenance, systems integration, package evaluation and implementation and infrastructure management services.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 21.81% and ROA of 17.74% are outperforming 83% of the companies in the Global Information Technology Services industry. Financial strength has a rating of 10 out of 10 with no deby.
Grantham is the largest shareholder of the company among the gurus with 1.03% of outstanding shares, followed by Sarah Ketterer (Trades, Portfolio) with 0.07%, the Yacktman Fund with 0.05% and Bernard Horn (Trades, Portfolio) with 0.01%.
The fund reduced its position in Microsoft Corp. (MSFT) by 6.67%. The transaction had an impact of -0.28% on the portfolio.
The technology company develops a wide range of software products and services. Its business is organized into three segments: Productivity and Business Processes, Intelligent Cloud and More Personal Computing.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10. The ROE of 25.04% and ROA of 8.85% are outperforming 75% of the companies in the Global Software – Infrastructure industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 1.50 is below the industry median of 7.63.
The largest shareholder of the company among the gurus is PRIMECAP Management (Trades, Portfolio) with 0.69% of outstanding shares, followed by Dodge & Cox with 0.55%, Andreas Halvorsen (Trades, Portfolio) with 0.38%, First Eagle Investment with 0.31% and Jeff Ubben (Trades, Portfolio) with 0.3%.
The fund reduced its Coca-Cola Co. (KO, Financial) stake by 2.08%, with an impact of -0.12% on the portfolio.
The well-known beverage company manufactures a variety of carbonated and noncarbonated brands, including Coca-Cola, Diet Coke, Fanta, Sprite, Minute Maid, Powerade and Dasani.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10. The ROE of 25.19% and ROA of 6.80% are outperforming 65% of the companies in the Global Beverages - Soft Drinks industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 0.53 is below the industry median 0.67.
Warren Buffett (Trades, Portfolio) is the largest shareholder of the company among the gurus with 9.36% of outstanding shares, followed by Yacktman with 0.39%, Grantham with 0.13%, the Focused Fund with 0.11% and Manning & Napier Advisors Inc. with 0.03%.
The fund's Cisco Systems Inc.Ă‚ (CSCO, Financial) stake was reduced by 1.54%, contracting the portfolio -0.1%.
The data networking equipment company's products include routers, switches, access equipment and security and network management software.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10. The ROE of 15.69% and ROA of 8.08% are outperforming 82% of the companies in the Global Communication Equipment industry. Financial strength has a rating of 6 out of 10. The cash-debt ratio of 2.09 is below the industry median of 2.11.
The largest shareholder of the company among the gurus is Dodge & Cox with 1.29% of outstanding shares, followed by PRIMECAP Management with 0.54%, Yacktman with 0.46%, Fisher with 0.32% and First Pacific Advisors with 0.26%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
