YACKTMAN ASSET MANAGEMENT LP
Long book
$7.50B
Q1 2026
Positions
76
Top-10 weight
47%
concentration
Last quarter
+2.3%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsYACKTMAN ASSET MANAGEMENT LP is a diversified fundamental manager, running a $7.50B US long book across 76 positions.
The portfolio is moderately concentrated (top 10 ≈ 47% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CANADIAN NATURAL RESOURCES, MICROSOFT CORP, SCHWAB (CHARLES) CORP, ALPHABET INC-CL C, PEPSICO INC.
Over the last 9 quarters its long book ran on average 2.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.3%
Q2 2024
+4.8%
Q3 2024
-1.1%
Q4 2024
+0.9%
Q1 2025
+3.2%
Q2 2025
+5.3%
Q3 2025
+3.2%
Q4 2025
+4.3%
Q1 2026
+2.3%
Sector allocation
Energy 19%
Technology 17%
Consumer staples 12%
Financials 11%
Other 11%
Services media 9%
Communications 5%
Healthcare 5%
Long book by quarter
What does YACKTMAN ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CNQ CANADIAN NATURAL RESOURCES | Energy | 16.5M | $806.1M | 10.7% | -11.9% |
| MSFT MICROSOFT CORP | Technology | 992.9K | $367.5M | 4.9% | +3.0% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 3.9M | $367.0M | 4.9% | -0.8% |
| GOOG ALPHABET INC-CL C | Technology | 1.1M | $323.2M | 4.3% | -0.3% |
| PEP PEPSICO INC | Consumer staples | 2.0M | $314.9M | 4.2% | 0.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.2M | $305.4M | 4.1% | -0.3% |
| FOX FOX CORP - CLASS B | Communications | 5.6M | $295.6M | 3.9% | -0.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 1.9M | $278.9M | 3.7% | +0.7% |
| UHAL/B U-HAUL HOLDING CO-NON VOTING | Services media | 6.0M | $270.2M | 3.6% | +4.5% |
| RS RELIANCE INC | Consumer discretionary | 693.1K | $210.7M | 2.8% | +0.2% |
| COP CONOCOPHILLIPS | Energy | 1.6M | $208.8M | 2.8% | +2.0% |
| FANG DIAMONDBACK ENERGY INC | Energy | 1.0M | $198.6M | 2.6% | +0.7% |
| CTSH COGNIZANT TECH SOLUTIONS-A | Technology | 3.0M | $184.5M | 2.5% | +0.8% |
| NWSA NEWS CORP - CLASS A | Other | 7.4M | $184.2M | 2.5% | +0.8% |
| EOG EOG RESOURCES INC | Energy | 1.2M | $176.6M | 2.4% | +2.9% |
| INGR INGREDION INC | Consumer staples | 1.4M | $162.3M | 2.2% | +1.2% |
| TSN TYSON FOODS INC-CL A | Consumer staples | 2.5M | $161.1M | 2.1% | +1.0% |
| KO COCA-COLA CO/THE | Consumer staples | 2.1M | $159.6M | 2.1% | -0.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 315.0K | $150.9M | 2.0% | +0.6% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 407.9K | $140.8M | 1.9% | -0.1% |
| EBAY EBAY INC | Services media | 1.5M | $139.2M | 1.9% | -0.2% |
| KVUE KENVUE INC | Other | 7.9M | $136.8M | 1.8% | +1.0% |
| NOC NORTHROP GRUMMAN CORP | Technology | 194.2K | $132.5M | 1.8% | +0.1% |
| DIS WALT DISNEY CO/THE | Services media | 1.3M | $129.9M | 1.7% | +1.0% |
| LMT LOCKHEED MARTIN CORP | Industrials | 213.6K | $129.1M | 1.7% | -0.4% |
| AWI ARMSTRONG WORLD INDUSTRIES | Other | 741.9K | $122.3M | 1.6% | 0.0% |
| OLN OLIN CORP | Materials | 4.1M | $121.7M | 1.6% | +4.3% |
| STT STATE STREET CORP | Financials | 909.2K | $115.1M | 1.5% | -0.5% |
| TLN TALEN ENERGY CORP | Utilities | 359.9K | $114.9M | 1.5% | 0.0% |
| PYPL PAYPAL HOLDINGS INC | Services media | 2.3M | $103.6M | 1.4% | New |
| ELV ELEVANCE HEALTH INC | Financials | 334.3K | $97.9M | 1.3% | +1.7% |
| SYY SYSCO CORP | Consumer discretionary | 1.2M | $88.1M | 1.2% | +0.9% |
| DAR DARLING INGREDIENTS INC | Consumer staples | 1.4M | $86.8M | 1.2% | +1.0% |
| FOXA FOX CORP - CLASS A | Communications | 1.2M | $69.4M | 0.9% | -1.1% |
| CL COLGATE-PALMOLIVE CO | Other | 789.4K | $67.3M | 0.9% | +0.3% |
| FDS FACTSET RESEARCH SYSTEMS INC | Technology | 225.9K | $49.0M | 0.7% | New |
| UNH UNITEDHEALTH GROUP INC | Financials | 168.5K | $45.6M | 0.6% | +0.5% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 357.7K | $42.4M | 0.6% | -2.2% |
| AVTR AVANTOR INC | Healthcare | 4.7M | $37.2M | 0.5% | New |
| CMCSA COMCAST CORP-CLASS A | Communications | 1.2M | $33.5M | 0.4% | +0.5% |
| EMBC EMBECTA CORP | Healthcare | 3.7M | $32.5M | 0.4% | +62.3% |
| BRBR BELLRING BRANDS INC | Consumer staples | 1.5M | $24.1M | 0.3% | New |
| DVN DEVON ENERGY CORP | Energy | 458.8K | $23.1M | 0.3% | +6.1% |
| CSCO CISCO SYSTEMS INC | Technology | 210.6K | $16.3M | 0.2% | -38.2% |
| UHAL U-HAUL HOLDING CO | Services media | 325.4K | $15.5M | 0.2% | -0.6% |
| MAS MASCO CORP | Industrials | 244.7K | $14.8M | 0.2% | +4.6% |
| LEGH LEGACY HOUSING CORP | Other | 705.7K | $14.4M | 0.2% | +301.7% |
| WFC WELLS FARGO & CO | Financials | 100.4K | $8.0M | 0.1% | -1.8% |
| EAF GRAFTECH INTERNATIONAL LTD | Industrials | 1.1M | $7.2M | 0.1% | +6.9% |
| FICO FAIR ISAAC CORP | Services media | 6.2K | $6.6M | 0.1% | +124.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 76 | $7.50B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 3, 2026 | 72 | $7.14B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 70 | $7.26B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 70 | $7.44B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 70 | $7.61B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 71 | $8.55B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 30, 2024 | 71 | $9.75B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 72 | $10.66B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 73 | $11.12B | canonical | SEC ↗ |
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