Yacktman: Top Financial Stock Holdings in Q3

Following is information regarding Yacktman Asset Management’s top holdings in the Financial sector for the quarter ending September 30th, 2011:

  • US Bancorp (NYSE:USB): On 6/30/11 Yacktman Asset Management reported holding 10,719,059 shares with a market value of $273,443,198. This comprised 2.89% of the total portfolio. On 9/30/11, Yacktman Asset Management held 12,316,510 shares with a market value of $289,930,657. This comprised 2.95% of the total portfolio. The net change in shares for this position over the two quarters is 1,597,451. About the company: U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.
  • H&R Block, Inc. (NYSE:HRB): On 6/30/11 Yacktman Asset Management reported holding 12,319,677 shares with a market value of $197,607,630. This comprised 2.09% of the total portfolio. On 9/30/11, Yacktman Asset Management held 13,100,246 shares with a market value of $174,364,280. This comprised 1.78% of the total portfolio. The net change in shares for this position over the two quarters is 780,569. About the company: H&R Block, Inc. provides a wide range of financial products and services through its subsidiaries. The Company provides tax services to the general public, accounting and consulting services, and consumer financial and personal productivity software. H&R Block provides its tax services to clients in the United States and other countries.
  • The Bank of New York Mellon Corporation (NYSE:BK): On 6/30/11 Yacktman Asset Management reported holding 2,298,814 shares with a market value of $58,895,617. This comprised 0.62% of the total portfolio. On 9/30/11, Yacktman Asset Management held 6,546,075 shares with a market value of $126,797,478. This comprised 1.29% of the total portfolio. The net change in shares for this position over the two quarters is 4,247,261. About the company: Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company provides financial services for institutions, corporations and high-net-worth individuals, providing asset management and wealth management, asset servicing, issuer services, clearing services and treasury services.
  • Janus Capital Group, Inc. (NYSE:JNS): On 6/30/11 Yacktman Asset Management reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Yacktman Asset Management held 4,538,000 shares with a market value of $27,228,000. This comprised 0.28% of the total portfolio. The net change in shares for this position over the two quarters is 4,538,000. About the company: Janus Capital Group Inc. is a global asset management firm offering individual investors and institutional clients asset management services. The Company provides investment management, administration, distribution and related services to individual and institutional investors through mutual funds, separate accounts and subadvised relationships.
  • The Bancorp, Inc. (NASDAQ:TBBK): On 6/30/11 Yacktman Asset Management reported holding 2,080,822 shares with a market value of $21,744,590. This comprised 0.23% of the total portfolio. On 9/30/11, Yacktman Asset Management held 2,416,782 shares with a market value of $17,304,159. This comprised 0.18% of the total portfolio. The net change in shares for this position over the two quarters is 335,960. About the company: The Bancorp, Inc. is the holding company for The Bancorp Bank. The Bank offers services including interest bearing checking accounts, a full line of loan products, and online bill payment. The Bancorp Bank operates in Wilmington, Delaware and Philadelphia, Pennsylvania.
  • Berkshire Hathaway, Inc. (NYSE:BRKA): On 6/30/11 Yacktman Asset Management reported holding 0,131 shares with a market value of $15,209,755. This comprised 0.16% of the total portfolio. On 9/30/11, Yacktman Asset Management held 0,131 shares with a market value of $13,990,800. This comprised 0.14% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Berkshire Hathaway Inc. is a holding company owning subsidiaries in a variety of business sectors. The Company’s principal operations are insurance business conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire’s other operations include The Buffalo News, aviation training, and retail furniture businesses, as well as shoe, candy, and rug manufacturing.
  • American Express Company (NYSE:AXP): On 6/30/11 Yacktman Asset Management reported holding 276,500 shares with a market value of $14,295,050. This comprised 0.15% of the total portfolio. On 9/30/11, Yacktman Asset Management held 276,500 shares with a market value of $12,414,850. This comprised 0.13% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
  • Resource America, Inc. (NASDAQ:REXI): On 6/30/11 Yacktman Asset Management reported holding 1,548,420 shares with a market value of $9,089,225. This comprised 0.10% of the total portfolio. On 9/30/11, Yacktman Asset Management held 1,548,420 shares with a market value of $6,983,375. This comprised 0.07% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Resource America, Inc. is an asset management company. The Company offers lease financing; invests in and manages real estate investment vehicles; manages funds of leveraged loans, private equity, and other securities; manages trust preferred and subordinated debt securities; invests in corporate credit products; and manages European collateralized loan obligations.
  • Western Union Co. (NYSE:WU): On 6/30/11 Yacktman Asset Management reported holding 144,300 shares with a market value of $2,890,329. This comprised 0.03% of the total portfolio. On 9/30/11, Yacktman Asset Management held 144,300 shares with a market value of $2,206,347. This comprised 0.02% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Western Union Company offers money transfer services. The Company offers consumer to consumer money transfer and bill paying services, and sells money orders.
  • Wells Fargo & Company (NYSE:WFC): On 6/30/11 Yacktman Asset Management reported holding 33,700 shares with a market value of $945,622. This comprised 0.01% of the total portfolio. On 9/30/11, Yacktman Asset Management held 33,700 shares with a market value of $812,844. This comprised 0.01% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.

(Note: Data regarding Yacktman Asset Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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