Yacktman Asset Management
i
LOW PURCHASE PRICE
Yacktman looks for a security that sells at a price that offers an attractive rate of return given uncertainties the business might face.
We are extremely disciplined about the valuation and believe it is often the most important characteristic in a successful investment. At our firm we often say, “It is almost all about the price.” Low price can help to manage risk and create the opportunity for solid returns.
GOOD BUSINESS
We seek to invest in higher quality businesses at value prices.
A good business may contain one or more of the following:
- High market share in principal product and/or service lines
- High cash return on tangible assets
- Relatively low capital requirements, allowing a business to generate cash while growing
- Short customer repurchase cycles and long product cycles
- Unique franchise characteristics
SHAREHOLDER-ORIENTED MANAGEMENT
Yacktman believes a shareholder-oriented management manages its business intelligently and allocates capital wisely.
We consider management’s results at the company and in previous business endeavors when assessing skill.
Yacktman looks for a security that sells at a price that offers an attractive rate of return given uncertainties the business might face.
We are extremely disciplined about the valuation and believe it is often the most important characteristic in a successful investment. At our firm we often say, “It is almost all about the price.” Low price can help to manage risk and create the opportunity for solid returns.
GOOD BUSINESS
We seek to invest in higher quality businesses at value prices.
A good business may contain one or more of the following:
- High market share in principal product and/or service lines
- High cash return on tangible assets
- Relatively low capital requirements, allowing a business to generate cash while growing
- Short customer repurchase cycles and long product cycles
- Unique franchise characteristics
SHAREHOLDER-ORIENTED MANAGEMENT
Yacktman believes a shareholder-oriented management manages its business intelligently and allocates capital wisely.
We consider management’s results at the company and in previous business endeavors when assessing skill.
Period: Q1 2026
Portfolio date: 31 Mar 2026
No. of stocks: 76
Portfolio value: $7,499,158,000
| History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
| ≡ | CNQ - Canadian Natural Resources | 10.75 | Reduce 11.90% | 16,541,598 | $48.73 | $806,072,000 | $49.42 | 1.42% | $28.29 | $50.98 | |
| ≡ | MSFT - Microsoft Corp. | 4.90 | Add 3.02% | 992,916 | $370.17 | $367,548,000 | $417.42 | 12.76% | $356.28 | $552.24 | |
| ≡ | SCHW - Charles Schwab Corp. | 4.89 | Reduce 0.80% | 3,904,856 | $93.98 | $366,978,000 | $91.81 | -2.31% | $84.69 | $106.76 | |
| ≡ | GOOG - Alphabet Inc. CL C | 4.31 | Reduce 0.29% | 1,126,534 | $286.86 | $323,158,000 | $384.90 | 34.18% | $162.96 | $404.47 | |
| ≡ | PEP - PepsiCo Inc. | 4.20 | Reduce 0.03% | 2,027,967 | $155.29 | $314,923,000 | $150.37 | -3.17% | $122.83 | $169.96 | |
| ≡ | JNJ - Johnson & Johnson | 4.07 | Reduce 0.26% | 1,249,409 | $244.44 | $305,406,000 | $230.00 | -5.91% | $146.24 | $251.71 | |
| ≡ | FOX - Fox Corporation CL B | 3.94 | Reduce 0.06% | 5,566,518 | $53.10 | $295,582,000 | $58.09 | 9.40% | $47.92 | $67.81 | |
| ≡ | PG - Procter & Gamble | 3.72 | Add 0.67% | 1,931,131 | $144.44 | $278,933,000 | $141.30 | -2.17% | $135.63 | $166.21 | |
| ≡ | UHAL.B - U Haul Holding Co Non Voting | 3.60 | Add 4.51% | 6,048,331 | $44.67 | $270,179,000 | $44.83 | 0.36% | $39.62 | $58.05 | |
| ≡ | RS - Reliance Steel & Aluminum | 2.81 | Add 0.22% | 693,126 | $303.92 | $210,655,000 | $357.49 | 17.63% | $258.10 | $381.00 | |
| ≡ | COP - ConocoPhillips | 2.78 | Add 2.04% | 1,581,521 | $132.00 | $208,761,000 | $125.11 | -5.22% | $81.58 | $134.87 | |
| ≡ | FANG - Diamondback Energy Inc. | 2.65 | Add 0.74% | 1,003,970 | $197.79 | $198,575,000 | $207.77 | 5.05% | $128.87 | $213.34 | |
| ≡ | CTSH - Cognizant Technology Solutions | 2.46 | Add 0.83% | 3,008,138 | $61.35 | $184,549,000 | $50.88 | -17.07% | $45.16 | $85.98 | |
| ≡ | NWSA - News Corp. | 2.46 | Add 0.81% | 7,388,648 | $24.93 | $184,199,000 | $26.24 | 5.25% | $22.11 | $31.48 | |
| ≡ | EOG - EOG Resources | 2.36 | Add 2.93% | 1,221,843 | $144.57 | $176,642,000 | $144.30 | -0.19% | $99.86 | $150.70 | |
| ≡ | INGR - Ingredion Inc. | 2.16 | Add 1.17% | 1,440,258 | $112.66 | $162,259,000 | $100.34 | -10.94% | $99.75 | $137.94 | |
| ≡ | TSN - Tyson Foods | 2.15 | Add 1.02% | 2,514,870 | $64.07 | $161,128,000 | $66.16 | 3.26% | $49.71 | $69.48 | |
| ≡ | KO - Coca Cola Co. | 2.13 | Reduce 0.47% | 2,098,755 | $76.05 | $159,610,000 | $81.92 | 7.72% | $64.45 | $82.66 | |
| ≡ | BRK.B - Berkshire Hathaway CL B | 2.01 | Add 0.62% | 314,981 | $479.20 | $150,939,000 | $480.46 | 0.26% | $455.19 | $516.85 | |
| ≡ | LHX - L3Harris Technologies Inc. | 1.88 | Reduce 0.09% | 407,875 | $345.15 | $140,778,000 | $308.15 | -10.72% | $225.24 | $377.91 | |
| ≡ | EBAY - eBay Inc. | 1.86 | Reduce 0.20% | 1,529,194 | $91.02 | $139,187,000 | $114.24 | 25.51% | $70.01 | $116.83 | |
| ≡ | KVUE - Kenvue Inc | 1.82 | Add 0.95% | 7,932,459 | $17.24 | $136,756,000 | $17.15 | -0.52% | $13.53 | $23.28 | |
| ≡ | NOC - Northrop Grumman Corp. | 1.77 | Add 0.12% | 194,173 | $682.24 | $132,473,000 | $556.34 | -18.45% | $460.88 | $774.00 | |
| ≡ | DIS - Walt Disney Co. | 1.73 | Add 1.02% | 1,347,536 | $96.38 | $129,876,000 | $102.29 | 6.13% | $92.19 | $123.85 | |
| ≡ | LMT - Lockheed Martin Corp. | 1.72 | Reduce 0.39% | 213,628 | $604.39 | $129,115,000 | $526.63 | -12.87% | $401.95 | $692.00 | |
| ≡ | AWI - Armstrong World Industries Inc. | 1.63 | Add 0.03% | 741,937 | $164.80 | $122,271,000 | $152.83 | -7.26% | $147.95 | $205.20 | |
| ≡ | OLN - Olin Corp. | 1.62 | Add 4.33% | 4,092,211 | $29.73 | $121,661,000 | $25.96 | -12.68% | $17.48 | $30.25 | |
| ≡ | EWY - iShares MSCI South Korea ETF | 1.61 | Reduce 14.33% | 980,605 | $123.01 | $120,624,000 | $174.02 | 41.47% | $56.91 | $194.58 | |
| ≡ | STT - State Street Corp. | 1.53 | Reduce 0.48% | 909,191 | $126.56 | $115,067,000 | $150.88 | 19.22% | $91.62 | $156.18 | |
| ≡ | TLN - Talen Energy Corp | 1.53 | Reduce 0.03% | 359,900 | $319.23 | $114,891,000 | $314.57 | -1.46% | $232.34 | $451.28 | |
| ≡ | PYPL - PayPal Holdings Inc. | 1.38 | Buy | 2,290,642 | $45.23 | $103,606,000 | $43.83 | -3.10% | $38.34 | $79.08 | |
| ≡ | ELV - Elevance Health Inc. | 1.31 | Add 1.69% | 334,315 | $292.75 | $97,871,000 | $402.27 | 37.41% | $269.17 | $405.89 | |
| ≡ | SYY - Sysco Corp. | 1.17 | Add 0.92% | 1,234,872 | $71.33 | $88,083,000 | $75.19 | 5.41% | $67.68 | $91.16 | |
| ≡ | DAR - Darling Ingredients Inc. | 1.16 | Add 1.04% | 1,403,668 | $61.85 | $86,817,000 | $59.95 | -3.07% | $29.15 | $66.02 | |
| ≡ | FOXA - Fox Corporation | 0.93 | Reduce 1.14% | 1,188,374 | $58.40 | $69,401,000 | $64.55 | 10.53% | $52.46 | $76.02 | |
| ≡ | CL - Colgate-Palmolive | 0.90 | Add 0.27% | 789,400 | $85.23 | $67,281,000 | $90.02 | 5.62% | $73.63 | $98.72 | |
| ≡ | FDS - FactSet Research Systems | 0.65 | Buy | 225,874 | $216.99 | $49,012,000 | $221.93 | 2.28% | $184.05 | $465.17 | |
| ≡ | UNH - United Health Group Inc. | 0.61 | Add 0.54% | 168,460 | $270.59 | $45,584,000 | $389.24 | 43.85% | $229.79 | $404.15 | |
| ≡ | BK - Bank of New York Mellon Corp. | 0.57 | Reduce 2.20% | 357,698 | $118.63 | $42,434,000 | $136.32 | 14.91% | $85.80 | $138.60 | |
| ≡ | AVTR - Avantor Inc. | 0.50 | Buy | 4,745,000 | $7.84 | $37,201,000 | $7.64 | -2.55% | $7.27 | $15.93 | |
| ≡ | CMCSA - Comcast Corp. | 0.45 | Add 0.52% | 1,167,500 | $28.71 | $33,519,000 | $24.80 | -13.62% | $23.62 | $33.03 | |
| ≡ | EMBC - Embecta Corp | 0.43 | Add 62.26% | 3,671,877 | $8.84 | $32,459,000 | $2.90 | -67.19% | $2.88 | $15.13 | |
| ≡ | BRBR - BellRing Brands Inc. CL A | 0.32 | Buy | 1,498,000 | $16.09 | $24,103,000 | $8.89 | -44.75% | $8.85 | $67.00 | |
| ≡ | DVN - Devon Energy Corp. | 0.31 | Add 6.14% | 458,844 | $50.32 | $23,089,000 | $49.69 | -1.25% | $29.48 | $52.71 | |
| ≡ | BIL - SPDR Bloomberg 1 3 Month T B | 0.26 | Add 26.34% | 212,115 | $91.64 | $19,438,000 | $91.55 | -0.10% | $88.10 | $91.56 | |
| ≡ | CSCO - Cisco Systems | 0.22 | Reduce 38.18% | 210,580 | $77.59 | $16,339,000 | $115.38 | 48.70% | $60.90 | $119.39 | |
| ≡ | UHAL - U-Haul Holding Co. | 0.21 | Reduce 0.58% | 325,369 | $47.78 | $15,546,000 | $48.96 | 2.47% | $41.95 | $65.33 | |
| ≡ | MAS - Masco Corp. | 0.20 | Add 4.65% | 244,718 | $60.37 | $14,774,000 | $64.47 | 6.79% | $58.04 | $78.85 | |
| ≡ | LEGH - Legacy Housing Corp. | 0.19 | Add 301.69% | 705,675 | $20.43 | $14,417,000 | $22.38 | 9.54% | $18.29 | $29.45 | |
| ≡ | UL - Unilever PLC | 0.15 | Add 2.20% | 200,113 | $56.97 | $11,400,000 | $57.22 | 0.44% | $54.43 | $73.70 | |
| ≡ | WFC - Wells Fargo | 0.11 | Reduce 1.84% | 100,437 | $79.61 | $7,996,000 | $74.55 | -6.36% | $70.35 | $96.73 | |
| ≡ | EAF - GrafTech International Ltd. | 0.10 | Add 6.90% | 1,067,386 | $6.78 | $7,237,000 | $8.54 | 25.96% | $4.92 | $20.32 | |
| ≡ | FICO - Fair Isaac Corp. | 0.09 | Add 124.38% | 6,157 | $1067.57 | $6,573,000 | $1186.15 | 11.11% | $870.01 | $2199.92 | |
| ≡ | MA - Mastercard Inc. | 0.08 | 11,670 | $499.66 | $5,831,000 | $499.70 | 0.01% | $479.68 | $599.05 | ||
| ≡ | MSCI - MSCI Inc. | 0.08 | 10,900 | $538.99 | $5,875,000 | $577.69 | 7.18% | $497.32 | $621.58 | ||
| ≡ | CLX - Clorox Co. | 0.07 | 48,095 | $103.63 | $4,984,000 | $92.57 | -10.67% | $84.70 | $130.79 | ||
| ≡ | MCO - Moody's Corp. | 0.07 | Reduce 0.16% | 12,405 | $436.28 | $5,412,000 | $434.49 | -0.41% | $400.46 | $544.40 | |
| ≡ | AON - Aon Plc | 0.06 | 12,915 | $322.80 | $4,169,000 | $323.66 | 0.27% | $303.79 | $377.57 | ||
| ≡ | GS - Goldman Sachs Group | 0.06 | Add 2.21% | 5,095 | $845.93 | $4,310,000 | $928.74 | 9.79% | $570.68 | $979.54 | |
| ≡ | CPRT - Copart Inc. | 0.05 | Add 10.06% | 110,245 | $33.20 | $3,660,000 | $33.12 | -0.24% | $32.20 | $63.30 | |
| ≡ | INTU - Intuit Inc. | 0.04 | Buy | 7,375 | $432.41 | $3,189,000 | $399.71 | -7.56% | $342.11 | $808.22 | |
| ≡ | MRSH - Marsh | 0.04 | Add 0.52% | 19,380 | $173.43 | $3,361,000 | $166.07 | -4.24% | $158.16 | $231.35 | |
| ≡ | VRSK - Verisk Analytics Inc. | 0.04 | Reduce 4.43% | 14,775 | $189.78 | $2,804,000 | $170.71 | -10.05% | $155.94 | $320.43 | |
| ≡ | CRMT - America's Car Mart Inc. | 0.03 | Add 25.81% | 195,000 | $12.73 | $2,482,000 | $11.25 | -11.63% | $10.58 | $62.72 | |
| ≡ | SPY - SPDR S&P 500 ETF Trust | 0.03 | Reduce 88.26% | 3,768 | $650.21 | $2,450,000 | $733.73 | 12.85% | $569.08 | $749.53 | |
| ≡ | AMPY - Amplify Energy Corp. | 0.02 | Reduce 8.70% | 210,000 | $6.24 | $1,310,000 | $5.19 | -16.83% | $2.60 | $6.79 | |
| ≡ | NTRS - Northern Trust Corp. | 0.02 | 9,500 | $139.58 | $1,326,000 | $164.91 | 18.15% | $101.53 | $173.19 | ||
| ≡ | TDY - Teledyne Technologies | 0.02 | Add 19.05% | 2,500 | $605.20 | $1,513,000 | $606.45 | 0.21% | $483.02 | $693.38 | |
| ≡ | PM - Philip Morris Intl. | 0.01 | Reduce 6.35% | 5,900 | $165.42 | $976,000 | $191.57 | 15.81% | $139.58 | $193.05 | |
| ≡ | VZ - Verizon Communications | 0.01 | Reduce 50.00% | 20,000 | $50.20 | $1,004,000 | $47.74 | -4.90% | $10.26 | $50.91 | |
| ≡ | CATO - Cato Corp. CL A | 0.00 | 105,445 | $2.83 | $298,000 | $3.09 | 9.19% | $2.41 | $4.92 | ||
| ≡ | GOLD - Gold.com | 0.00 | Reduce 28.57% | 5,000 | $40.00 | $200,000 | $39.68 | -0.80% | $19.00 | $66.47 | |
| ≡ | MO - Altria Group Inc. | 0.00 | 4,200 | $65.95 | $277,000 | $74.00 | 12.21% | $53.80 | $74.56 | ||
| ≡ | NWS - News Corp. CL B | 0.00 | 8,140 | $28.50 | $232,000 | $30.11 | 5.65% | $25.40 | $35.34 | ||
| ≡ | RDI - Reading International Inc. | 0.00 | 265,000 | $1.13 | $299,000 | $1.03 | -8.85% | $0.94 | $1.65 | ||
| ≡ | V - Visa Inc. | 0.00 | 732 | $301.91 | $221,000 | $329.91 | 9.27% | $293.28 | $372.57 |
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
| Materials | 18.33 | |
| Consumer Staples | 16.49 | |
| Financials | 10.82 | |
| Information Technology | 10.22 | |
| Industrials | 9.24 | |
| Health Care | 6.42 | |
| Energy | 5.47 | |
| Services | 5.20 | |
| Consumer Discretionary | 4.64 | |
| Technology | 4.31 | |
| Industrial Goods | 2.89 | |
| Consumer Goods | 2.31 | |
| NA | 1.64 | |
| Utilities | 1.53 | |
| 0.26 | ||
| Consumer Cyclical | 0.22 | |
| Communication Services | 0.01 |