Yacktman Asset Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 1, 2026), Stephen Yacktman's Yacktman Asset Management reported 76 stock positions worth $7.5 billion. Its top holding was Canadian Natural Resources (CNQ) at 10.7% of the portfolio, followed by Microsoft (MSFT, 4.9%) and Schwab (charles) (SCHW, 4.9%). Compared with Q4 2025, it opened 5 new positions, sold out of 1, added to 36 and reduced 25. The biggest buy was a new position in PayPal (PYPL) and the biggest sale Fox Class B (FOX, shares −0%).
- Most Recent 13F
- Q2 2026
- Notable People
- Stephen Yacktman
- Location
- AUSTIN, TX
- CIK
- 0000905567
- Portfolio Value
- $7.5B (Q1 2026)
- SEC Filing
- 0000905567-26-000002 ↗ filed May 1, 2026
Holdings Value
Holdings 76 stocks · $7.5B
| CNQ Canadian Natural Resources | 10.75% | 16,541,598 | $806.1M | Reduce -11.9% |
| MSFT Microsoft Corp. | 4.90% | 992,916 | $367.5M | Add +3.0% |
| SCHW Schwab (charles) Corp. | 4.89% | 3,904,856 | $367.0M | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 4.31% | 1,126,534 | $323.2M | Reduce -0.3% |
| PEP Pepsico Inc. | 4.20% | 2,027,967 | $314.9M | Reduce -0.0% |
| JNJ Johnson & Johnson | 4.07% | 1,249,409 | $305.4M | Reduce -0.3% |
| FOX Fox Corp. Class B | 3.94% | 5,566,518 | $295.6M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 3.72% | 1,931,131 | $278.9M | Add +0.7% |
| UHAL.B U-Haul Holding Co.-Non Voting | 3.60% | 6,048,331 | $270.2M | Add +4.5% |
| RS Reliance Inc. | 2.81% | 693,126 | $210.7M | Add +0.2% |
| COP Conocophillips | 2.78% | 1,581,521 | $208.8M | Add +2.0% |
| FANG Diamondback Energy Inc. | 2.65% | 1,003,970 | $198.6M | Add +0.7% |
| CTSH Cognizant Tech Solutions-A | 2.46% | 3,008,138 | $184.5M | Add +0.8% |
| NWSA News Corp. Class A | 2.46% | 7,388,648 | $184.2M | Add +0.8% |
| EOG EOG Resources Inc. | 2.36% | 1,221,843 | $176.6M | Add +2.9% |
| INGR Ingredion Inc. | 2.16% | 1,440,258 | $162.3M | Add +1.2% |
| TSN Tyson Foods Inc. Class A | 2.15% | 2,514,870 | $161.1M | Add +1.0% |
| KO The Coca-Cola Co. | 2.13% | 2,098,755 | $159.6M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.01% | 314,981 | $150.9M | Add +0.6% |
| LHX L3HARRIS Technologies Inc. | 1.88% | 407,875 | $140.8M | Reduce -0.1% |
| EBAY eBay Inc. | 1.86% | 1,529,194 | $139.2M | Reduce -0.2% |
| KVUE Kenvue Inc. | 1.82% | 7,932,459 | $136.8M | Add +0.9% |
| NOC Northrop Grumman Corp. | 1.77% | 194,173 | $132.5M | Add +0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.73% | 1,347,536 | $129.9M | Add +1.0% |
| LMT Lockheed Martin Corp. | 1.72% | 213,628 | $129.1M | Reduce -0.4% |
| AWI Armstrong World Industries | 1.63% | 741,937 | $122.3M | Add +0.0% |
| OLN Olin Corp. | 1.62% | 4,092,211 | $121.7M | Add +4.3% |
| EWY iShares MSCI South Korea ETF | 1.61% | 980,605 | $120.6M | Reduce -14.3% |
| STT State Street Corp. | 1.53% | 909,191 | $115.1M | Reduce -0.5% |
| TLN Talen Energy Corp. | 1.53% | 359,900 | $114.9M | Reduce -0.0% |
| PYPL PayPal Holdings Inc. | 1.38% | 2,290,642 | $103.6M | New |
| ELV Elevance Health Inc. | 1.31% | 334,315 | $97.9M | Add +1.7% |
| SYY Sysco Corp. | 1.17% | 1,234,872 | $88.1M | Add +0.9% |
| DAR Darling Ingredients Inc. | 1.16% | 1,403,668 | $86.8M | Add +1.0% |
| FOXA Fox Corp. Class A | 0.93% | 1,188,374 | $69.4M | Reduce -1.1% |
| CL Colgate-Palmolive Co. | 0.90% | 789,400 | $67.3M | Add +0.3% |
| FDS Factset Research Systems Inc. | 0.65% | 225,874 | $49.0M | New |
| UNH Unitedhealth Group Inc. | 0.61% | 168,460 | $45.6M | Add +0.5% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.57% | 357,698 | $42.4M | Reduce -2.2% |
| AVTR Avantor Inc. | 0.50% | 4,745,000 | $37.2M | New |
| CMCSA Comcast Corp. Class A | 0.45% | 1,167,500 | $33.5M | Add +0.5% |
| EMBC Embecta Corp. | 0.43% | 3,671,877 | $32.5M | Add +62.3% |
| BRBR Bellring Brands Inc. | 0.32% | 1,498,000 | $24.1M | New |
| DVN Devon Energy Corp. | 0.31% | 458,844 | $23.1M | Add +6.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.26% | 212,115 | $19.4M | Add +26.3% |
| CSCO Cisco Systems Inc. | 0.22% | 210,580 | $16.3M | Reduce -38.2% |
| UHAL U-Haul Holding Co. | 0.21% | 325,369 | $15.5M | Reduce -0.6% |
| MAS Masco Corp. | 0.20% | 244,718 | $14.8M | Add +4.7% |
| LEGH Legacy Housing Corp. | 0.19% | 705,675 | $14.4M | Add +301.7% |
| UL Unilever PLC-Sponsored ADR | 0.15% | 200,113 | $11.4M | Add +2.2% |
| WFC Wells Fargo & Co. | 0.11% | 100,437 | $8.0M | Reduce -1.8% |
| EAF Graftech International Ltd. | 0.10% | 1,067,386 | $7.2M | Add +6.9% |
| FICO Fair Isaac Corp. | 0.09% | 6,157 | $6.6M | Add +124.4% |
| MSCI MSCI Inc. | 0.08% | 10,900 | $5.9M | No change |
| MA Mastercard Inc. Class A | 0.08% | 11,670 | $5.8M | No change |
| MCO Moody's Corp. | 0.07% | 12,405 | $5.4M | Reduce -0.2% |
| CLX Clorox Company | 0.07% | 48,095 | $5.0M | No change |
| GS Goldman Sachs Group Inc. | 0.06% | 5,095 | $4.3M | Add +2.2% |
| AON Aon PLC Class A | 0.06% | 12,915 | $4.2M | No change |
| CPRT Copart Inc. | 0.05% | 110,245 | $3.7M | Add +10.1% |
| MRSH Marsh & McLennan Cos | 0.04% | 19,380 | $3.4M | Add +0.5% |
| INTU Intuit Inc. | 0.04% | 7,375 | $3.2M | New |
| VRSK Verisk Analytics Inc. | 0.04% | 14,775 | $2.8M | Reduce -4.4% |
| CRMT America's Car-Mart Inc. | 0.03% | 195,000 | $2.5M | Add +25.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.03% | 3,768 | $2.5M | Reduce -88.3% |
| TDY Teledyne Technologies Inc. | 0.02% | 2,500 | $1.5M | Add +19.1% |
| NTRS Northern Trust Corp. | 0.02% | 9,500 | $1.3M | No change |
| AMPY Amplify Energy Corp. | 0.02% | 210,000 | $1.3M | Reduce -8.7% |
| VZ Verizon Communications Inc. | 0.01% | 20,000 | $1.0M | Reduce -50.0% |
| PM Philip Morris International | 0.01% | 5,900 | $976K | Reduce -6.3% |
| RDI Reading International Inc. Class A | 0.00% | 265,000 | $299K | No change |
| CATO Cato Corp. Class A | 0.00% | 105,445 | $298K | No change |
| MO Altria Group Inc. | 0.00% | 4,200 | $277K | No change |
| NWS News Corp. Class B | 0.00% | 8,140 | $232K | No change |
| V Visa Inc. Class A | 0.00% | 732 | $221K | No change |
| GOLD Gold.com Inc. | 0.00% | 5,000 | $200K | Reduce -28.6% |
Portfolio Sells Q4 2025 → Q1 2026
| FOX Fox Corp. Class B | Reduce -0.1% | 3.94% | −1.12 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.72 |
| GOOG Alphabet Inc. Class C | Reduce -0.3% | 4.31% | −0.65 |
| SCHW Schwab (charles) Corp. | Reduce -0.8% | 4.89% | −0.61 |
| TLN Talen Energy Corp. | Reduce -0.0% | 1.53% | −0.36 |
| FOXA Fox Corp. Class A | Reduce -1.1% | 0.93% | −0.30 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -88.3% | 0.03% | −0.27 |
| CSCO Cisco Systems Inc. | Reduce -38.2% | 0.22% | −0.15 |
| STT State Street Corp. | Reduce -0.5% | 1.53% | −0.12 |
| BNY Bank of New York Mellon Corp. | Reduce -2.2% | 0.57% | −0.03 |
| WFC Wells Fargo & Co. | Reduce -1.8% | 0.11% | −0.03 |
| UHAL U-Haul Holding Co. | Reduce -0.6% | 0.21% | −0.02 |
| MCO Moody's Corp. | Reduce -0.2% | 0.07% | −0.02 |
| EBAY eBay Inc. | Reduce -0.2% | 1.86% | −0.01 |
| VRSK Verisk Analytics Inc. | Reduce -4.4% | 0.04% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -50.0% | 0.01% | −0.01 |
| PM Philip Morris International | Reduce -6.3% | 0.01% | −0.00 |
| GOLD Gold.com Inc. | Reduce -28.6% | 0.00% | −0.00 |
| AMPY Amplify Energy Corp. | Reduce -8.7% | 0.02% | +0.00 |
| EWY iShares MSCI South Korea ETF | Reduce -14.3% | 1.61% | +0.05 |
| KO The Coca-Cola Co. | Reduce -0.5% | 2.13% | +0.06 |
| PEP Pepsico Inc. | Reduce -0.0% | 4.20% | +0.12 |
| LHX L3HARRIS Technologies Inc. | Reduce -0.1% | 1.88% | +0.20 |
| LMT Lockheed Martin Corp. | Reduce -0.4% | 1.72% | +0.27 |
| JNJ Johnson & Johnson | Reduce -0.3% | 4.07% | +0.44 |
| CNQ Canadian Natural Resources | Reduce -11.9% | 10.75% | +1.85 |
Portfolio Buys Q4 2025 → Q1 2026
| PYPL PayPal Holdings Inc. | New | 1.38% | +1.38 |
| COP Conocophillips | Add +2.0% | 2.78% | +0.75 |
| FDS Factset Research Systems Inc. | New | 0.65% | +0.65 |
| EOG EOG Resources Inc. | Add +2.9% | 2.36% | +0.61 |
| FANG Diamondback Energy Inc. | Add +0.7% | 2.65% | +0.55 |
| AVTR Avantor Inc. | New | 0.50% | +0.50 |
| OLN Olin Corp. | Add +4.3% | 1.62% | +0.48 |
| DAR Darling Ingredients Inc. | Add +1.0% | 1.16% | +0.46 |
| BRBR Bellring Brands Inc. | New | 0.32% | +0.32 |
| NOC Northrop Grumman Corp. | Add +0.1% | 1.77% | +0.22 |
| LEGH Legacy Housing Corp. | Add +301.7% | 0.19% | +0.14 |
| TSN Tyson Foods Inc. Class A | Add +1.0% | 2.15% | +0.11 |
| DVN Devon Energy Corp. | Add +6.1% | 0.31% | +0.09 |
| EMBC Embecta Corp. | Add +62.3% | 0.43% | +0.06 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +26.3% | 0.26% | +0.04 |
| INTU Intuit Inc. | New | 0.04% | +0.04 |
| CL Colgate-Palmolive Co. | Add +0.3% | 0.90% | +0.03 |
| FICO Fair Isaac Corp. | Add +124.4% | 0.09% | +0.02 |
| RS Reliance Inc. | Add +0.2% | 2.81% | +0.01 |
| TDY Teledyne Technologies Inc. | Add +19.1% | 0.02% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +2.2% | 0.06% | −0.00 |
| MRSH Marsh & McLennan Cos | Add +0.5% | 0.04% | −0.01 |
| CPRT Copart Inc. | Add +10.1% | 0.05% | −0.01 |
| MAS Masco Corp. | Add +4.7% | 0.20% | −0.01 |
| CRMT America's Car-Mart Inc. | Add +25.8% | 0.03% | −0.02 |
| UL Unilever PLC-Sponsored ADR | Add +2.2% | 0.15% | −0.03 |
| INGR Ingredion Inc. | Add +1.2% | 2.16% | −0.03 |
| CMCSA Comcast Corp. Class A | Add +0.5% | 0.45% | −0.04 |
| KVUE Kenvue Inc. | Add +0.9% | 1.82% | −0.07 |
| SYY Sysco Corp. | Add +0.9% | 1.17% | −0.09 |
| EAF Graftech International Ltd. | Add +6.9% | 0.10% | −0.12 |
| PG The Procter & Gamble Co. | Add +0.7% | 3.72% | −0.13 |
| UNH Unitedhealth Group Inc. | Add +0.5% | 0.61% | −0.17 |
| UHAL.B U-Haul Holding Co.-Non Voting | Add +4.5% | 3.60% | −0.18 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.6% | 2.01% | −0.19 |
| NWSA News Corp. Class A | Add +0.8% | 2.46% | −0.22 |
| ELV Elevance Health Inc. | Add +1.7% | 1.31% | −0.31 |
| AWI Armstrong World Industries | Add +0.0% | 1.63% | −0.35 |
| DIS The Walt Disney Co. | Add +1.0% | 1.73% | −0.39 |
| CTSH Cognizant Tech Solutions-A | Add +0.8% | 2.46% | −1.01 |
| MSFT Microsoft Corp. | Add +3.0% | 4.90% | −1.62 |
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 |