Yacktman Asset Management

Latest 13F filing

Q1 2026

filed May 1, 2026

Portfolio value

$7.50B

Positions

Top 10 concentration

47.2%

QoQ change

+5.0%

+$355.34M

Activity vs. Q4 2025

New positions

Added to

Unchanged

Reduced

Exited

Portfolio composition — Q1 2026

CNQCanadian Natural Resources Limited10.7%
MSFTMicrosoft Corporation4.9%
SCHWCharles Schwab Corp4.9%
GOOGAlphabet Inc. Class A4.3%
PEPPepsiCo, Inc.4.2%
JNJJohnson & Johnson4.1%
FOXFox Corporation Class A3.9%
PGProcter & Gamble Company3.7%
UHAL/BU-Haul Holding Company3.6%
RSReliance, Inc.2.8%
Other66 more positions52.8%

Top buys

New & added positions, by size

MSFTADD
Microsoft Corporation
$367.55M
+3.0%
PGADD
Procter & Gamble Company
$278.93M
+0.7%
UHAL/BADD
U-Haul Holding Company
$270.18M
+4.5%
RSADD
Reliance, Inc.
$210.65M
+0.2%
COPADD
ConocoPhillips
$208.76M
+2.0%

Top sells

Reduced & exited positions, biggest cuts first

WFRDEXIT
Weatherford International PLC
-100.0%
Exited
BRK/AEXIT
Berkshire Hathaway A
-100.0%
Exited
BKNGEXIT
Booking Hldgs Inc. Com
-100.0%
Exited
WBDEXIT
Warner Bros. Discovery, Inc.
-100.0%
Exited
XOMEXIT
Exxon Mobil Corp.
-100.0%
Exited

Holdings as of Q1 2026

#	Ticker	Issuer	Shares	Value	% Portfolio	Reported price	Action	Δ Shares
1	CNQ	Canadian Natural Resources Limited	16,541,598	$806.07M	10.75%	$48.73	REDUCE	-11.9%
2	MSFT	Microsoft Corporation	992,916	$367.55M	4.90%	$370.17	ADD	+3.0%
3	SCHW	Charles Schwab Corp	3,904,856	$366.98M	4.89%	$93.98	REDUCE	-0.8%
4	GOOG	Alphabet Inc. Class A	1,126,534	$323.16M	4.31%	$286.86	REDUCE	-0.3%
5	PEP	PepsiCo, Inc.	2,027,967	$314.92M	4.20%	$155.29	REDUCE	-0.0%
6	JNJ	Johnson & Johnson	1,249,409	$305.41M	4.07%	$244.44	REDUCE	-0.3%
7	FOX	Fox Corporation Class A	5,566,518	$295.58M	3.94%	$53.10	REDUCE	-0.1%
8	PG	Procter & Gamble Company	1,931,131	$278.93M	3.72%	$144.44	ADD	+0.7%
9	UHAL/B	U-Haul Holding Company	6,048,331	$270.18M	3.60%	$44.67	ADD	+4.5%
10	RS	Reliance, Inc.	693,126	$210.65M	2.81%	$303.92	ADD	+0.2%
11	COP	ConocoPhillips	1,581,521	$208.76M	2.78%	$132.00	ADD	+2.0%
12	FANG	Diamondback Energy, Inc.	1,003,970	$198.58M	2.65%	$197.79	ADD	+0.7%
13	CTSH	Cognizant Technology Solutions Corporation Class A	3,008,138	$184.55M	2.46%	$61.35	ADD	+0.8%
14	NWSA	News Corporation Class A	7,388,648	$184.20M	2.46%	$24.93	ADD	+0.8%
15	EOG	EOG Resources, Inc.	1,221,843	$176.64M	2.36%	$144.57	ADD	+2.9%
16	INGR	Ingredion Incorporated	1,440,258	$162.26M	2.16%	$112.66	ADD	+1.2%
17	TSN	Tyson Foods, Inc. Class A	2,514,870	$161.13M	2.15%	$64.07	ADD	+1.0%
18	KO	Coca-Cola Company	2,098,755	$159.61M	2.13%	$76.05	REDUCE	-0.5%
19	BRK/B	Berkshire Hathaway Inc. Class B	314,981	$150.94M	2.01%	$479.20	ADD	+0.6%
20	LHX	L3Harris Technologies Inc	407,875	$140.78M	1.88%	$345.15	REDUCE	-0.1%
21	EBAY	eBay Inc.	1,529,194	$139.19M	1.86%	$91.02	REDUCE	-0.2%
22	KVUE	Kenvue, Inc.	7,932,459	$136.76M	1.82%	$17.24	ADD	+1.0%
23	NOC	Northrop Grumman Corp.	194,173	$132.47M	1.77%	$682.24	ADD	+0.1%
24	DIS	Walt Disney Company	1,347,536	$129.88M	1.73%	$96.38	ADD	+1.0%
25	LMT	Lockheed Martin Corporation	213,628	$129.11M	1.72%	$604.39	REDUCE	-0.4%
26	AWI	Armstrong World Industries, Inc.	741,937	$122.27M	1.63%	$164.80	ADD	+0.0%
27	OLN	Olin Corporation	4,092,211	$121.66M	1.62%	$29.73	ADD	+4.3%
28	EWY	iShares Trust	980,605	$120.62M	1.61%	$123.01	REDUCE	-14.3%
29	STT	State Street Corporation	909,191	$115.07M	1.53%	$126.56	REDUCE	-0.5%
30	TLN	Talen Energy Corp	359,900	$114.89M	1.53%	$319.23	REDUCE	-0.0%
31	PYPL	PayPal Holdings, Inc.	2,290,642	$103.61M	1.38%	$45.23	NEW	—
32	ELV	Elevance Health, Inc.	334,315	$97.87M	1.31%	$292.75	ADD	+1.7%
33	SYY	Sysco Corporation	1,234,872	$88.08M	1.17%	$71.33	ADD	+0.9%
34	DAR	Darling Ingredients Inc	1,403,668	$86.82M	1.16%	$61.85	ADD	+1.0%
35	FOXA	Fox Corporation Class A	1,188,374	$69.40M	0.93%	$58.40	REDUCE	-1.1%
36	CL	Colgate-Palmolive Company	789,400	$67.28M	0.90%	$85.23	ADD	+0.3%
37	FDS	FactSet Research Systems Inc.	225,874	$49.01M	0.65%	$216.99	NEW	—
38	UNH	UnitedHealth Group Incorporated	168,460	$45.58M	0.61%	$270.59	ADD	+0.5%
39	BK	Bank of New York Mellon Corp	357,698	$42.43M	0.57%	$118.63	REDUCE	-2.2%
40	AVTR	Avantor, Inc.	4,745,000	$37.20M	0.50%	$7.84	NEW	—
41	CMCSA	Comcast Corporation Class A	1,167,500	$33.52M	0.45%	$28.71	ADD	+0.5%
42	EMBC	Embecta Corporation	3,671,877	$32.46M	0.43%	$8.84	ADD	+62.3%
43	BRBR	BellRing Brands, Inc.	1,498,000	$24.10M	0.32%	$16.09	NEW	—
44	DVN	Devon Energy Corporation	458,844	$23.09M	0.31%	$50.32	ADD	+6.1%
45	BIL	State Street SPDR Bloomberg 1-3 Month T-Bill ETF	212,115	$19.44M	0.26%	$91.64	ADD	+26.3%
46	CSCO	Cisco Systems, Inc.	210,580	$16.34M	0.22%	$77.59	REDUCE	-38.2%
47	UHAL	U-Haul Holding Company	325,369	$15.55M	0.21%	$47.78	REDUCE	-0.6%
48	MAS	Masco Corporation	244,718	$14.77M	0.20%	$60.37	ADD	+4.6%
49	LEGH	Legacy Housing Corporation	705,675	$14.42M	0.19%	$20.43	ADD	+301.7%
50	UL	Unilever PLC	200,113	$11.40M	0.15%	$56.97	ADD	+2.2%
51	WFC	Wells Fargo & Company	100,437	$8.00M	0.11%	$79.61	REDUCE	-1.8%
52	EAF	GrafTech International Ltd.	1,067,386	$7.24M	0.10%	$6.78	ADD	+6.9%
53	FICO	Fair Isaac Corporation	6,157	$6.57M	0.09%	$1067.54	ADD	+124.4%
54	MSCI	MSCI Inc. Class A	10,900	$5.88M	0.08%	$539.01	—	0%
55	MA	Mastercard Incorporated Class A	11,670	$5.83M	0.08%	$499.66	—	0%
56	MCO	Moody's Corporation	12,405	$5.41M	0.07%	$436.25	REDUCE	-0.2%
57	CLX	Clorox Company	48,095	$4.98M	0.07%	$103.63	—	0%
58	GS	Goldman Sachs Group, Inc.	5,095	$4.31M	0.06%	$845.99	ADD	+2.2%
59	AON	Aon Plc Class A	12,915	$4.17M	0.06%	$322.78	—	0%
60	CPRT	Copart, Inc.	110,245	$3.66M	0.05%	$33.20	ADD	+10.1%
61	MRSH	Marsh & McLennan Companies, Inc.	19,380	$3.36M	0.04%	$173.45	ADD	+0.5%
62	INTU	Intuit Inc.	7,375	$3.19M	0.04%	$432.38	NEW	—
63	VRSK	Verisk Analytics, Inc.	14,775	$2.80M	0.04%	$189.75	REDUCE	-4.4%
64	CRMT	America's Car-Mart, Inc.	195,000	$2.48M	0.03%	$12.73	ADD	+25.8%
65	SPY	State Street SPDR S&P 500 ETF	3,768	$2.45M	0.03%	$650.34	REDUCE	-88.3%
66	TDY	Teledyne Technologies Incorporated	2,500	$1.51M	0.02%	$605.01	ADD	+19.0%
67	NTRS	Northern Trust Corporation	9,500	$1.33M	0.02%	$139.57	—	0%
68	AMPY	Amplify Energy Corp.	210,000	$1.31M	0.02%	$6.24	REDUCE	-8.7%
69	VZ	Verizon Communications Inc.	20,000	$1.00M	0.01%	$50.20	REDUCE	-50.0%
70	PM	Philip Morris International Inc.	5,900	$975.51K	0.01%	$165.34	REDUCE	-6.3%
71	RDI	Reading International, Inc. Class A	265,000	$299.45K	0.00%	$1.13	—	0%
72	CATO	Cato Corporation Class A	105,445	$298.41K	0.00%	$2.83	—	0%
73	MO	Altria Group, Inc.	4,200	$277.16K	0.00%	$65.99	—	0%
74	NWS	News Corporation Class A	8,140	$232.07K	0.00%	$28.51	—	0%
75	V	Visa Inc. Class A	732	$221.24K	0.00%	$302.24	—	0%
76	GOLD	Gold.com, Inc.	5,000	$200.40K	0.00%	$40.08	REDUCE	-28.6%

Positions exited in Q1 2026

Ticker	Issuer	Prior shares
WFRD	Weatherford International PLC	0
BRK/A	Berkshire Hathaway A	0
BKNG	Booking Hldgs Inc. Com	0
WBD	Warner Bros. Discovery, Inc.	1,782,860
XOM	Exxon Mobil Corp.	0
UL	Unilever PLC ADR	0
ORCL	Oracle Corporation	0
HSY	Hershey Co.	0
GLW	Corning Inc.	0
MU	Micron Technology Inc	0
KEL	Kellanova	0
PXDEUR	Pioneer Natural Resources	0
USB	U.S. Bancorp	0
EAFEUR	Graftech International LTD	0
FHB	First Hawaiian Inc.	0

Source: SEC EDGAR 13F-HR filing May 1, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0000905567.