Donald Yacktman acquired 748k Reliance shares worth $221M. That's 2.79% of their equity portfolio (12th largest holding). The investor owns 1.42% of the outstanding Reliance stock. Donald Yacktman started to build up the position in Reliance in Q4 2021 and continued to invest until Q1 2022. Since then they sold 515k shares. The stake costed the investor $118M, netting the investor a gain of 87% so far.
Yacktman''s 13F equity portfolio value remained almost steady at $11.21B this quarter. Yacktman Asset Management added eBay and increased Reliance Steel & Al...