5 great stocks for the long haul

Some investments make sense at particular stages. Then there are the stalwarts. We've asked five elite fund managers for their top long-term stock picks.

1. 21st Century Fox

We start with Don Yacktman, who buys and holds ... and holds. His Yacktman Fund (YACKX) has averaged 11.3% annual returns over the past decade, beating the S&P 500 by 3.5 percentage points a year. News Corp. (NWS) is a top holding (along with PepsiCo (PEP, Fortune 500) and Procter & Gamble (PG, Fortune 500)). But what he really likes today is the company that will be called 21st Century Fox -- comprising News Corp.'s TV businesses, such as Fox Sports and Fox News, and its movie studio -- after it is split from the company's newspapers (which will retain the News name) in late June. Yacktman expects 21st Century Fox's revenue to rise as it charges cable providers more for its channels: "The model is moving toward more fee-driven, as opposed to advertising-driven, revenues."

--Scott Cendrowski


- Last updated June 13 2013 07:18 AM ET
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