Yacktman US Equity Fund

Yacktman US Equity Fund

Latest Nav
22 July 2024
SFDR classification
Article 6
Russell 1000 Value NR USD
US Large-Cap Value Equity
Investment Style
Large Core
Fund Size


The Fund aims to achieve capital growth by investing predominantly in a concentrated portfolio of U.S. Equities.

The Fund’s Sub-Investment Manager, Yacktman Asset Management LP, was established in 1992, operates out of Austin, Texas, and currently manage approximately USD 16.7 billion.

The firm seeks to be objective, patient and diligent in its investment approach, analysing investments from the bottom up. The investment philosophy focuses on purchasing high quality businesses with shareholder-orientated management at cheap valuations. The approach is that of investing in businesses and not speculating in stocks, focusing on companies that have a strong market position and relatively stable profit margins. The favoured companies typically sell products or services that have fairly predictable demand. Securities are selected one at a time with an emphasis on not overpaying, as a good business purchased at too high a price can be a bad investment. Stephen Yacktman was nominated for Morningstar’s Domestic Stock Fund Manager of the Year - 2011.

Get the updates

Sign up to our monthly email newsletter for the latest fund updates, webcasts and insights.

Key stats

The below shows the information for the share class selected in the drop down box directly below the name of the fund. You can use the drop down box to view information relating to other share classes listed in the fund. A full list of all currency share classes is available on request.

Investment Team LocationAustin, Texas, USA
Active/PassiveActive with reference to a benchmark
BenchmarkRussell 1000 Value NR USD
Secondary BenchmarkS&P 500 NR USD
Fund SizeUSD591m
Fund Launch14 December 2010
Fund StatusOpen to all investors
Share Class Launch14 December 2010
Share Class StatusOpen to existing investors
Fund CurrencyUSD
Share Class CCYUSD
Management Fee1%
Min. InvestmentUSD1,000,000
Fund TypeUCITS
AdministratorBBH Fund Administration Services (Ireland) Ltd
DepositaryBBH Trustee Services (Ireland) Ltd
AuditorGrant Thornton
Dealing FrequencyDaily
Risk Management
Lower RiskHigher Risk



Past performance is no guide to future performance and the value of investment and income from them can fall as well as rise.

Yacktman US Equity Fund Q2 2024 Webcast

Top Ten Holdings

As of 30 June 2024
NameSectorCountryWeight %
1Bollore SECommunication ServicesFrance8.2
2Samsung Electronics Co., Ltd.Information TechnologySouth Korea6.7
3U-Haul Holding CompanyIndustrialsUnited States5.3
4Canadian Natural Resources LimitedEnergyCanada5.0
5Microsoft CorporationInformation TechnologyUnited States3.9
6Alphabet Inc.Communication ServicesUnited States3.6
7Charles Schwab CorporationFinancialsUnited States3.2
8News CorpCommunication ServicesUnited States3.2
9Berkshire Hathaway Inc.FinancialsUnited States2.9
10Cognizant Technology Solutions CorporationInformation TechnologyUnited States2.6

Exposure Breakdowns

As of 30 June 2024
TypeFund %Benchmark %
Communication Services19.34.6
Consumer Discretionary2.65.0
Consumer Staples13.27.7
Health Care4.014.3
Information Technology15.89.4
Real Estate0.04.6

Fund Manager

stephen yacktman
Stephen Yacktman

Portfolio Manager, CIO and Partner

Read More
jason subotky
Jason Subotky

Portfolio Manager and Partner

Read More
russell wilkins
Russell Wilkins

Portfolio Manager and Partner

Read More
Adam Sues

Portfolio Manager and Partner

Read More


Heptagon Capital Limited, Heptagon Capital LLP and its Partners disclaim any and all liability relating to these materials, including, without limitation, any express or implied representations or warranties for statements or errors contained in, and omissions from, these materials. Certain assumptions have been made, and/or parameters set, in the preparation of these materials which have resulted in the returns detailed herein, and no representation or warranty is made that any returns indicated will be achieved. Changes to assumptions or parameters may have a material impact on the returns detailed. This document should not be considered an offer to buy or sell investments. Heptagon Capital Limited has issued this communication as investment manager for Heptagon Fund ICAV, and is licenced to conduct investment services by the Malta Financial Services Authority.

Heptagon Capital LLP, acting as Distributor, is authorised and regulated in the UK by the Financial Conduct Authority.

Representative and Paying Agent in Switzerland is Société Générale, Paris, Zurich branch, Talacker 50, PO Box 1928, 8021 Zurich, Switzerland. The prospectus, the key investor information document, the Articles and the annual and semi-annual reports are available free of charge from the Swiss representative.

The results given herein are based solely upon historical fund performance as gathered and supplied by Morningstar. That past performance has not been independently verified by either Heptagon Capital Limited or Heptagon Capital LLP. It is not intended to predict or depict the future performance of any investment. Past performance is not necessarily indicative of future returns.

The information contained herein is provided for informational purposes only, is not complete, and does not contain certain material information about the funds, including important disclosures and risk factors associated with an investment in the funds. Before making an investment in any fund, prospective investors are advised to thoroughly and carefully review the fund’s private placement memorandum with their financial, legal and tax advisors to determine whether an investment is suitable for them. An investment in these funds is not suitable for all investors.

London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2021. FTSE Russell is a trading name of certain of the LSE Group companies. Russell® is a trade-mark of the relevant LSE Group companies and is used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication.

The S&P 500 (“Index”) is a product of S&P Dow Jones Indices LLC, its affiliates and/or their licensors and has been licensed for use by Heptagon Fund ICAV. Copyright © 2020 S&P Dow Jones Indices LLC, its affiliates and/or their licensors. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and S&P Global Market Intelligence (“S&P”) and is licensed for use by Heptagon Fund ICAV. Neither MSCI, S&P, nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.