Yacktman Asset Management
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 2, 2024), Stephen Yacktman's Yacktman Asset Management reported 73 stock positions worth $11.1 billion. Its top holding was Canadian Natural Resources (CNQ) at 10.3% of the portfolio, followed by Microsoft (MSFT, 6.0%) and Alphabet Class C (GOOG, 5.0%). Compared with Q4 2023, it opened 5 new positions, sold out of 2, added to 14 and reduced 42. The biggest buy was Canadian Natural Resources (CNQ, shares +1%) and the biggest sale Pioneer Natural Resources (PXD, shares −72%).
- Most Recent 13F
- Q2 2026
- Notable People
- Stephen Yacktman
- Location
- AUSTIN, TX
- CIK
- 0000905567
- Portfolio Value
- $11.1B (Q1 2024)
- SEC Filing
- 0000905567-24-000002 ↗ filed May 2, 2024
Holdings Value
Holdings 73 stocks · $11.1B
| CNQ Canadian Natural Resources | 10.32% | 15,037,911 | $1.1B | Add +0.7% |
| MSFT Microsoft Corp. | 6.01% | 1,589,290 | $668.6M | Reduce -2.9% |
| GOOG Alphabet Inc. Class C | 5.00% | 3,653,677 | $556.3M | Reduce -4.1% |
| UHAL.B U-Haul Holding Co.-Non Voting | 4.27% | 7,116,453 | $474.5M | Reduce -3.8% |
| SCHW Schwab (charles) Corp. | 4.09% | 6,280,994 | $454.4M | Reduce -0.6% |
| PEP Pepsico Inc. | 3.92% | 2,487,760 | $435.4M | Reduce -1.9% |
| PG The Procter & Gamble Co. | 3.59% | 2,461,850 | $399.4M | Reduce -2.5% |
| NWSA News Corp. Class A | 3.44% | 14,593,521 | $382.1M | Reduce -12.8% |
| CTSH Cognizant Tech Solutions-A | 3.25% | 4,925,723 | $361.0M | Reduce -4.8% |
| RS Reliance Inc. | 2.99% | 996,402 | $333.0M | Reduce -17.8% |
| FANG Diamondback Energy Inc. | 2.61% | 1,463,985 | $290.1M | Reduce -3.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.56% | 676,582 | $284.5M | Reduce -1.1% |
| STT State Street Corp. | 2.36% | 3,394,316 | $262.4M | Reduce -0.8% |
| INGR Ingredion Inc. | 2.32% | 2,206,399 | $257.8M | Reduce -0.4% |
| OLN Olin Corp. | 2.27% | 4,293,188 | $252.4M | Add +0.7% |
| FOX Fox Corp. Class B | 2.25% | 8,732,038 | $249.9M | Add +1.6% |
| JNJ Johnson & Johnson | 2.15% | 1,514,714 | $239.6M | Reduce -0.1% |
| COP Conocophillips | 2.08% | 1,815,948 | $231.1M | Reduce -0.1% |
| EOG EOG Resources Inc. | 2.06% | 1,789,272 | $228.7M | Reduce -0.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 1.93% | 3,717,211 | $214.2M | Reduce -1.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.81% | 1,646,882 | $201.5M | Reduce -0.1% |
| ELV Elevance Health Inc. | 1.75% | 374,620 | $194.3M | Reduce -2.9% |
| NOC Northrop Grumman Corp. | 1.67% | 387,219 | $185.3M | Reduce -4.5% |
| TSN Tyson Foods Inc. Class A | 1.63% | 3,088,118 | $181.4M | Add +2.2% |
| DVN Devon Energy Corp. | 1.50% | 3,321,902 | $166.7M | Add +2.1% |
| KO The Coca-Cola Co. | 1.42% | 2,588,447 | $158.4M | Reduce -0.1% |
| EBAY eBay Inc. | 1.40% | 2,951,932 | $155.8M | Add +1.0% |
| LMT Lockheed Martin Corp. | 1.36% | 331,563 | $150.8M | Reduce -0.2% |
| WFC Wells Fargo & Co. | 1.32% | 2,540,840 | $147.3M | Reduce -0.7% |
| BKNG Booking Holdings Inc. | 1.28% | 39,221 | $142.3M | Reduce -15.9% |
| LHX L3HARRIS Technologies Inc. | 1.25% | 651,418 | $138.8M | Reduce -0.4% |
| AWI Armstrong World Industries | 1.24% | 1,111,381 | $138.1M | Reduce -4.3% |
| KVUE Kenvue Inc. | 1.21% | 6,265,316 | $134.5M | Add +15.8% |
| K Kellanova | 1.10% | 2,131,403 | $122.1M | New |
| SYY Sysco Corp. | 1.08% | 1,482,308 | $120.3M | Reduce -2.2% |
| ORCL Oracle Corp. | 1.03% | 910,035 | $114.3M | Reduce -33.3% |
| CL Colgate-Palmolive Co. | 0.97% | 1,194,200 | $107.5M | Reduce -8.3% |
| DAR Darling Ingredients Inc. | 0.79% | 1,882,183 | $87.5M | New |
| FOXA Fox Corp. Class A | 0.73% | 2,600,868 | $81.3M | Reduce -0.3% |
| PXD Pioneer Natural Resources Co. | 0.73% | 307,400 | $80.7M | Reduce -72.4% |
| GS Goldman Sachs Group Inc. | 0.72% | 190,457 | $79.6M | Reduce -0.1% |
| WBD Warner Bros Discovery Inc. | 0.63% | 8,051,804 | $70.3M | Add +0.7% |
| CMCSA Comcast Corp. Class A | 0.56% | 1,428,500 | $61.9M | Reduce -1.2% |
| CSCO Cisco Systems Inc. | 0.55% | 1,223,484 | $61.1M | Reduce -10.4% |
| GLW Corning Inc. | 0.35% | 1,185,500 | $39.1M | No change |
| EMBC Embecta Corp. | 0.34% | 2,816,428 | $37.4M | Add +5.4% |
| MAS Masco Corp. | 0.33% | 463,472 | $36.6M | Reduce -2.5% |
| UHAL U-Haul Holding Co. | 0.29% | 471,883 | $31.9M | Reduce -14.0% |
| MU Micron Technology Inc. | 0.25% | 240,000 | $28.3M | Reduce -39.3% |
| FHB First Hawaiian Inc. | 0.20% | 996,524 | $21.9M | Reduce -48.5% |
| EAF Graftech International Ltd. | 0.18% | 14,654,465 | $20.2M | Add +22.9% |
| UL Unilever PLC | 0.14% | 299,630 | $15.0M | Add +3.1% |
| NWS News Corp. Class B | 0.13% | 526,032 | $14.2M | Reduce -2.1% |
| XOM Exxon Mobil Corp. | 0.13% | 120,400 | $14.0M | Reduce -17.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.08% | 14 | $8.9M | No change |
| TDY Teledyne Technologies Inc. | 0.06% | 16,500 | $7.1M | New |
| MA Mastercard Inc. Class A | 0.05% | 11,130 | $5.4M | No change |
| CLX Clorox Company | 0.04% | 31,100 | $4.8M | No change |
| HSY The Hershey Co. | 0.04% | 21,950 | $4.3M | Add +115.2% |
| AON Aon PLC Class A | 0.04% | 11,670 | $3.9M | New |
| VZ Verizon Communications Inc. | 0.03% | 85,000 | $3.6M | Reduce -43.3% |
| LEGH Legacy Housing Corp. | 0.03% | 160,000 | $3.4M | Add +6.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.03% | 5,951 | $3.1M | Reduce -89.7% |
| MCO Moody's Corp. | 0.03% | 7,670 | $3.0M | No change |
| CRMT America's Car-Mart Inc. | 0.02% | 35,000 | $2.2M | Add +2.9% |
| AMPY Amplify Energy Corp. | 0.01% | 235,000 | $1.6M | No change |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 0.01% | 45,000 | $1.4M | No change |
| RDI Reading International Inc. Class A | 0.01% | 500,000 | $920K | No change |
| NTRS Northern Trust Corp. | 0.01% | 9,500 | $845K | No change |
| PM Philip Morris International | 0.01% | 7,301 | $669K | No change |
| CATO Cato Corp. Class A | 0.01% | 105,445 | $608K | No change |
| MO Altria Group Inc. | 0.00% | 5,800 | $253K | No change |
| V Visa Inc. Class A | 0.00% | 732 | $204K | New |
Portfolio Sells Q4 2023 → Q1 2024
| PXD Pioneer Natural Resources Co. | Reduce -72.4% | 0.73% | −1.60 |
| WFRD Weatherford International PL | Sold out | 0.00% | −1.26 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -3.8% | 4.27% | −0.58 |
| CTSH Cognizant Tech Solutions-A | Reduce -4.8% | 3.25% | −0.39 |
| NWSA News Corp. Class A | Reduce -12.8% | 3.44% | −0.39 |
| ORCL Oracle Corp. | Reduce -33.3% | 1.03% | −0.31 |
| BKNG Booking Holdings Inc. | Reduce -15.9% | 1.28% | −0.26 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -89.7% | 0.03% | −0.23 |
| FHB First Hawaiian Inc. | Reduce -48.5% | 0.20% | −0.21 |
| RS Reliance Inc. | Reduce -17.8% | 2.99% | −0.16 |
| STT State Street Corp. | Reduce -0.8% | 2.36% | −0.10 |
| NOC Northrop Grumman Corp. | Reduce -4.5% | 1.67% | −0.10 |
| CSCO Cisco Systems Inc. | Reduce -10.4% | 0.55% | −0.09 |
| PEP Pepsico Inc. | Reduce -1.9% | 3.92% | −0.09 |
| UHAL U-Haul Holding Co. | Reduce -14.0% | 0.29% | −0.08 |
| MU Micron Technology Inc. | Reduce -39.3% | 0.25% | −0.06 |
| JNJ Johnson & Johnson | Reduce -0.1% | 2.15% | −0.06 |
| LMT Lockheed Martin Corp. | Reduce -0.2% | 1.36% | −0.04 |
| CMCSA Comcast Corp. Class A | Reduce -1.2% | 0.56% | −0.03 |
| LHX L3HARRIS Technologies Inc. | Reduce -0.4% | 1.25% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -43.3% | 0.03% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -17.2% | 0.13% | −0.01 |
| USB US Bancorp | Sold out | 0.00% | −0.00 |
| NWS News Corp. Class B | Reduce -2.1% | 0.13% | −0.00 |
| CL Colgate-Palmolive Co. | Reduce -8.3% | 0.97% | +0.00 |
| KO The Coca-Cola Co. | Reduce -0.1% | 1.42% | +0.00 |
| FOXA Fox Corp. Class A | Reduce -0.3% | 0.73% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -4.1% | 5.00% | +0.01 |
| GS Goldman Sachs Group Inc. | Reduce -0.1% | 0.72% | +0.03 |
| MAS Masco Corp. | Reduce -2.5% | 0.33% | +0.03 |
| EOG EOG Resources Inc. | Reduce -0.0% | 2.06% | +0.04 |
| SCHW Schwab (charles) Corp. | Reduce -0.6% | 4.09% | +0.05 |
| SYY Sysco Corp. | Reduce -2.2% | 1.08% | +0.05 |
| ELV Elevance Health Inc. | Reduce -2.9% | 1.75% | +0.06 |
| INGR Ingredion Inc. | Reduce -0.4% | 2.32% | +0.08 |
| BNY Bank of New York Mellon Corp. | Reduce -1.6% | 1.93% | +0.10 |
| COP Conocophillips | Reduce -0.1% | 2.08% | +0.12 |
| PG The Procter & Gamble Co. | Reduce -2.5% | 3.59% | +0.15 |
| WFC Wells Fargo & Co. | Reduce -0.7% | 1.32% | +0.15 |
| AWI Armstrong World Industries | Reduce -4.3% | 1.24% | +0.18 |
| MSFT Microsoft Corp. | Reduce -2.9% | 6.01% | +0.29 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 2.56% | +0.29 |
| FANG Diamondback Energy Inc. | Reduce -3.7% | 2.61% | +0.42 |
| DIS The Walt Disney Co. | Reduce -0.1% | 1.81% | +0.43 |
Portfolio Buys Q4 2023 → Q1 2024
| CNQ Canadian Natural Resources | Add +0.7% | 10.32% | +1.23 |
| K Kellanova | New | 1.10% | +1.10 |
| DAR Darling Ingredients Inc. | New | 0.79% | +0.79 |
| EBAY eBay Inc. | Add +1.0% | 1.40% | +0.22 |
| OLN Olin Corp. | Add +0.7% | 2.27% | +0.13 |
| DVN Devon Energy Corp. | Add +2.1% | 1.50% | +0.13 |
| KVUE Kenvue Inc. | Add +15.8% | 1.21% | +0.13 |
| TSN Tyson Foods Inc. Class A | Add +2.2% | 1.63% | +0.12 |
| TDY Teledyne Technologies Inc. | New | 0.06% | +0.06 |
| FOX Fox Corp. Class B | Add +1.6% | 2.25% | +0.04 |
| AON Aon PLC Class A | New | 0.04% | +0.04 |
| HSY The Hershey Co. | Add +115.2% | 0.04% | +0.02 |
| UL Unilever PLC | Add +3.1% | 0.14% | +0.00 |
| V Visa Inc. Class A | New | 0.00% | +0.00 |
| CRMT America's Car-Mart Inc. | Add +2.9% | 0.02% | −0.00 |
| LEGH Legacy Housing Corp. | Add +6.7% | 0.03% | −0.00 |
| EAF Graftech International Ltd. | Add +22.9% | 0.18% | −0.06 |
| EMBC Embecta Corp. | Add +5.4% | 0.34% | −0.13 |
| WBD Warner Bros Discovery Inc. | Add +0.7% | 0.63% | −0.21 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 74 | $8.1B | CNQ, BRK.B, GOOG, SCHW, MSFT |
| Q1 2026 | 76 | $7.5B | CNQ, MSFT, SCHW, GOOG, PEP |
| Q4 2025 | 72 | $7.1B | CNQ, MSFT, SCHW, FOX, GOOG |
| Q3 2025 | 70 | $7.3B | CNQ, MSFT, SCHW, FOX, PG |
| Q2 2025 | 70 | $7.4B | CNQ, MSFT, SCHW, UHAL.B, PG |
| Q1 2025 | 70 | $7.6B | CNQ, MSFT, SCHW, PG, UHAL.B |
| Q4 2024 | 71 | $8.6B | CNQ, MSFT, UHAL.B, PG, SCHW |
| Q3 2024 | 71 | $9.7B | CNQ, MSFT, UHAL.B, PG, PEP |
| Q2 2024 | 72 | $10.7B | CNQ, MSFT, GOOG, SCHW, UHAL.B |
| Q1 2024 | 73 | $11.1B | CNQ, MSFT, GOOG, UHAL.B, SCHW |