Yacktman Asset Management

In Q2 2026, Yacktman Asset Management held 71 US-listed stocks worth $8.1bn. Its biggest move was adding to Berkshire Hathaway (269% more shares, now 7.2%), followed by cutting Canadian Natural Resources (1% fewer shares, now 8.0%). It started 1 new position and sold out of 3. Its largest holding is Canadian Natural Resources at 8.0%.

Source: SEC Form 13F for Q2 2026, filed 11 Aug 2026, and the funds’ Form N-PORT filings. How we use them

Latest 13F

Q2 2026

Filed 11 Aug 2026

Fund assets

$10bn

2 US-registered funds

Q3 2026 13F due

26 days

Expected Mon 2 Nov

What changed in Q2 2026

New positions

Broadridge Financial Solutions1.5% of the portfolio

Added to

Berkshire Hathaway+269% shares, now 7.2%
Intuit+6561% shares, now 1.6%
U Haul Holding Company+2.3% shares, now 4.7%
Alphabet+0.2% shares, now 4.9%
Bellring Brands+251% shares, now 0.8%

Trimmed

Canadian Natural Resources-0.5% shares, now 8.0%
BNY-82% shares, now 0.1%
Ishares-43% shares, now 1.4%
Ebay-17% shares, now 1.7%
Amplify Energy-2.4% shares, now 0.0%

Sold out

Cisco Systemswas 0.2%
Marsh & Mclennan Companieswas under 0.1%
Gold.comwas under 0.1%

Against Q1 2026, by number of shares and adjusted for splits. Up to five of each, largest first; the full list is below.

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34% of the $9.1bn of shares held in Yacktman Asset Management’s 2 US-registered funds, by value, are not in its 13F. Those holdings are marked with a gold dot below.

US holdings from the 13F

Q2 2026, filed 11 Aug 2026 (filing): 1 new, 50 added to, 8 trimmed, 3 sold out. Select a row to see it over time. How this works

Changes compare share counts with Q1 2026, adjusted for stock splits. Share classes of the same company are combined. Values are at quarter-end prices.

13F holdings with change from the previous quarter

Canadian Natural ResourcesCNQ	$650m	16,462,508	8.0%$650m	Trimmed -0.5%	10.8%
Berkshire HathawayBRK.B	$581m	1,161,530	7.2%$581m	Added +269%	2.0%
AlphabetGOOG	$399m	1,129,129	4.9%$399m	Added +0.2%	4.3%
U Haul Holding CompanyUHAL	$379m	6,522,586	4.7%$379m	Added +2.3%	3.8%
Charles SchwabSCHW	$378m	4,101,552	4.7%$378m	Added +5.0%	4.9%
MicrosoftMSFT	$376m	1,009,284	4.7%$376m	Added +1.6%	4.9%
FOXFOX	$326m	6,834,917	4.0%$326m	Added +1.2%	4.9%
Johnson & JohnsonJNJ	$320m	1,259,977	4.0%$320m	Added +0.8%	4.1%
Procter & GamblePG	$288m	1,963,488	3.6%$288m	Added +1.7%	3.7%
PepsicoPEP	$281m	2,072,843	3.5%$281m	Added +2.2%	4.2%
RelianceRS	$261m	698,566	3.2%$261m	Added +0.8%	2.8%
NewsNWSA	$188m	7,563,098	2.3%$188m	Added +2.2%	2.5%
Diamondback EnergyFANG	$178m	1,014,114	2.2%$178m	Added +1.0%	2.6%
Coca-ColaKO	$173m	2,127,657	2.1%$173m	Added +1.4%	2.1%
ConocoPhillipsCOP	$167m	1,606,025	2.1%$167m	Added +1.5%	2.8%
EOG ResourcesEOG	$161m	1,243,536	2.0%$161m	Added +1.8%	2.4%
State StreetSTT	$156m	919,740	1.9%$156m	Added +1.2%	1.5%
KenvueKVUE	$154m	8,051,004	1.9%$154m	Added +1.5%	1.8%
Tyson FoodsTSN	$148m	2,578,970	1.8%$148m	Added +2.5%	2.1%
EbayEBAY	$141m	1,262,742	1.7%$141m	Trimmed -17%	1.9%
IngredionINGR	$139m	1,471,409	1.7%$139m	Added +2.2%	2.2%
Talen EnergyTLN	$138m	359,800	1.7%$138m	Trimmed 0.0%	1.5%
Walt DisneyDIS	$132m	1,375,972	1.6%$132m	Added +2.1%	1.7%
Elevance HealthELV	$131m	339,985	1.6%$131m	Added +1.7%	1.3%
IntuitINTU	$128m	491,278	1.6%$128m	Added +6561%	0.0%
Cognizant Technology SolutionsCTSH	$122m	3,150,565	1.5%$122m	Added +4.7%	2.5%
Armstrong World IndustriesAWI	$121m	754,944	1.5%$121m	Added +1.8%	1.6%
Broadridge Financial SolutionsBR	$120m	878,522	1.5%$120m	New	–
L3harris TechnologiesLHX	$120m	413,504	1.5%$120m	Added +1.4%	1.9%
IsharesEWC	$113m	557,535	1.4%$113m	Trimmed -43%	1.6%
Lockheed MartinLMT	$110m	216,359	1.4%$110m	Added +1.3%	1.7%
SyscoSYY	$108m	1,293,545	1.3%$108m	Added +4.8%	1.2%
Northrop GrummanNOC	$101m	197,521	1.2%$101m	Added +1.7%	1.8%
Paypal HoldingsPYPL	$100m	2,317,304	1.2%$100m	Added +1.2%	1.4%
OlinOLN	$83.4m	4,209,403	1.0%$83.4m	Added +2.9%	1.6%
Darling IngredientsDAR	$77.4m	1,417,062	1.0%$77.4m	Added +1.0%	1.2%
Colgate-PalmoliveCL	$72.5m	790,900	0.9%$72.5m	Added +0.2%	0.9%
UnitedHealth GroupUNH	$71.4m	171,768	0.9%$71.4m	Added +2.0%	0.6%
Bellring BrandsBRBR	$68.1m	5,263,000	0.8%$68.1m	Added +251%	0.3%
FactSet Research SystemsFDS	$52.8m	229,620	0.7%$52.8m	Added +1.7%	0.7%
AvantorAVTR	$47.2m	4,770,000	0.6%$47.2m	Added +0.5%	0.5%
ComcastCMCSA	$28.7m	1,170,500	0.4%$28.7m	Added +0.3%	0.5%
MascoMAS	$23.3m	286,085	0.3%$23.3m	Added +17%	0.2%
Spdr Series TrustBIL	$21.7m	236,353	0.3%$21.7m	Added +11%	0.3%
Devon EnergyDVN	$21.1m	510,913	0.3%$21.1m	Added +11%	0.3%
Legacy HousingLEGH	$19.8m	754,009	0.2%$19.8m	Added +6.8%	0.2%
UnileverUL	$14.5m	241,192	0.2%$14.5m	Added +21%	0.1%
EmbectaEMBC	$14.1m	4,315,952	0.2%$14.1m	Added +18%	0.4%
BNYBK	$9.3m	64,400	0.1%$9.3m	Trimmed -82%	0.6%
Wells Fargo & CompanyWFC	$8.7m	104,803	0.1%$8.7m	Added +4.3%	0.1%
Fair IsaacFICO	$7.4m	6,157	0.1%$7.4m	Unchanged	0.1%
GrafTech InternationalEAF	$6.8m	1,149,267	0.1%$6.8m	Added +7.7%	0.1%
MSCIMSCI	$6.1m	10,900	0.1%$6.1m	Unchanged	0.1%
MastercardMA	$6.0m	11,670	0.1%$6.0m	Unchanged	0.1%
Moody'sMCO	$5.6m	12,405	0.1%$5.6m	Unchanged	0.1%
Goldman Sachs GroupGS	$5.3m	5,200	0.1%$5.3m	Added +2.1%	0.1%
Clorox CompanyCLX	$4.6m	48,095	0.1%$4.6m	Unchanged	0.1%
AonAON	$4.3m	12,915	0.1%$4.3m	Unchanged	0.1%
CopartCPRT	$3.9m	136,675	0.1%$3.9m	Added +24%	0.1%
Verisk AnalyticsVRSK	$3.8m	21,190	0.1%$3.8m	Added +43%	0.0%
Spdr S&P 500 Etf TrustSPY	$2.7m	3,558	0.0%$2.7m	Trimmed -5.6%	0.0%
Teledyne TechnologiesTDY	$1.8m	2,700	0.0%$1.8m	Added +8.0%	0.0%
Northern TrustNTRS	$1.7m	9,500	0.0%$1.7m	Unchanged	0.0%
Philip Morris InternationalPM	$905k	5,000	0.0%$905k	Trimmed -15%	0.0%
Verizon CommunicationsVZ	$847k	20,000	0.0%$847k	Unchanged	0.0%
Amplify EnergyAMPY	$816k	205,000	0.0%$816k	Trimmed -2.4%	0.0%
America's Car-MartCRMT	$572k	205,000	0.0%$572k	Added +5.1%	0.0%
CatoCATO	$342k	105,445	0.0%$342k	Unchanged	0.0%
Reading InternationalRDI	$339k	265,000	0.0%$339k	Unchanged	0.0%
Altria GroupMO	$302k	4,200	0.0%$302k	Unchanged	0.0%
VisaV	$251k	732	0.0%$251k	Unchanged	0.0%
Cisco SystemsCSCO	–	–	–	Sold out	0.2%
Marsh & Mclennan CompaniesMRSH	–	–	–	Sold out	0.0%
Gold.comGOLD	–	–	–	Sold out	0.0%

Download the Q2 2026 holdings: CSV · JSON · Markdown

How the portfolio has changed

Each bar is one 13F. Select a bar or press play to see that quarter’s 12 largest positions. How this works

Bars are split by share of the US portfolio: the six biggest holdings over the period in colour, everything else in grey. The last eight quarters are shown in full, earlier years at year end.

2013

2015

2017

2019

2021

2023

Q4 ’24

Q2 ’25

Q4 ’25

Q2 ’26

PGPEPMSFTCNQTwentyFirst Cen Fox AJNJEverything else

2013: Procter & Gamble 8.6%, Pepsico 10.9%, Microsoft 5.3%, Canadian Natural Resources 0.0%, TwentyFirst Cen Fox A 9.1%, Johnson & Johnson 3.6%; 2014: Procter & Gamble 10.7%, Pepsico 10.6%, Microsoft 4.2%, Canadian Natural Resources 0.0%, TwentyFirst Cen Fox A 10.1%, Johnson & Johnson 3.7%; 2015: Procter & Gamble 13.1%, Pepsico 10.9%, Microsoft 5.4%, Canadian Natural Resources 0.0%, TwentyFirst Cen Fox A 14.0%, Johnson & Johnson 5.7%; 2016: Procter & Gamble 12.0%, Pepsico 8.3%, Microsoft 5.8%, Canadian Natural Resources 0.0%, TwentyFirst Cen Fox A 17.6%, Johnson & Johnson 6.3%; 2017: Procter & Gamble 13.4%, Pepsico 9.1%, Microsoft 5.2%, Canadian Natural Resources 0.0%, TwentyFirst Cen Fox A 20.3%, Johnson & Johnson 7.0%; 2018: Procter & Gamble 14.3%, Pepsico 10.8%, Microsoft 5.1%, Canadian Natural Resources 0.0%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 7.8%; 2019: Procter & Gamble 7.9%, Pepsico 7.7%, Microsoft 5.2%, Canadian Natural Resources 0.0%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 6.9%; 2020: Procter & Gamble 5.4%, Pepsico 6.0%, Microsoft 5.1%, Canadian Natural Resources 0.0%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 4.2%; 2021: Procter & Gamble 4.7%, Pepsico 6.9%, Microsoft 6.1%, Canadian Natural Resources 6.4%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 3.4%; 2022: Procter & Gamble 4.4%, Pepsico 4.7%, Microsoft 4.6%, Canadian Natural Resources 8.4%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 3.6%; 2023: Procter & Gamble 3.4%, Pepsico 4.0%, Microsoft 5.7%, Canadian Natural Resources 9.1%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 0.0%; Q3 ’24: Procter & Gamble 3.9%, Pepsico 3.8%, Microsoft 5.5%, Canadian Natural Resources 9.9%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 0.0%; Q4 ’24: Procter & Gamble 4.2%, Pepsico 3.7%, Microsoft 6.0%, Canadian Natural Resources 10.4%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 0.0%; Q1 ’25: Procter & Gamble 4.7%, Pepsico 4.2%, Microsoft 5.9%, Canadian Natural Resources 11.0%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 3.0%; Q2 ’25: Procter & Gamble 4.3%, Pepsico 3.7%, Microsoft 7.4%, Canadian Natural Resources 9.3%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 0.0%; Q3 ’25: Procter & Gamble 4.1%, Pepsico 4.0%, Microsoft 7.3%, Canadian Natural Resources 9.2%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 3.3%; Q4 ’25: Procter & Gamble 3.9%, Pepsico 4.1%, Microsoft 6.5%, Canadian Natural Resources 8.9%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 3.6%; Q1 ’26: Procter & Gamble 3.7%, Pepsico 4.2%, Microsoft 4.9%, Canadian Natural Resources 10.8%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 4.1%; Q2 ’26: Procter & Gamble 3.6%, Pepsico 3.5%, Microsoft 4.7%, Canadian Natural Resources 8.0%, TwentyFirst Cen Fox A 0.0%, Johnson & Johnson 4.0%

Q2 2026

Q4 2013Q2 2026

AMG Yacktman Fund

1 year+27.0%

3 yearsa year+15.9%

5 yearsa year+9.9%

10 yearsa year+11.4%

Yearly costs0.70%

Total returns after fees for the YACKX, Class I share class (the cheapest one with a full record). 1, 3 and 5-year figures run to 30 Jun 2026, built from the monthly returns the fund reports in its N-PORT filings and checked against its shareholder reports. The 10-year figure is from the shareholder report to 31 Dec 2025. Costs are the expense ratio in the half-year report to 30 Jun 2026, about $77 a year on $10,000. Past returns don’t predict future ones.

Full portfolio at 30 Jun 2026, from the fund’s N-PORT filing. Net assets $7.3bn. Cash, bonds and other assets make up 11.6%. Changes are against 31 Mar 2026: 3 new, 3 added to, 5 trimmed, 2 sold out.

AMG Yacktman Fund holdings with change from the previous filing

Samsung Electronics005935 Seoul	South Korea	8.0%	Trimmed -34%	7.3%
BolloreBOL Paris	France	5.7%	Unchanged	7.3%
Berkshire HathawayBRK.B	United States	4.5%	Added +196%	1.5%
Canadian Natural ResourcesCNQ Toronto	Canada	4.3%	Trimmed -2.4%	5.8%
AlphabetGOOG	United States	3.6%	Unchanged	3.1%
Hyundai Mobis012330 Seoul	South Korea	3.3%	Trimmed -17%	3.3%
Charles SchwabSCHW	United States	3.2%	Unchanged	3.4%
MicrosoftMSFT	United States	3.0%	Unchanged	3.1%
FOXFOX	United States	2.8%	Unchanged	3.3%
Johnson & JohnsonJNJ	United States	2.7%	Unchanged	2.7%
U-Haul Holding CompanyUHAL.B	United States	2.6%	Unchanged	2.1%
RelianceRS	United States	2.6%	Unchanged	2.2%
Procter & GamblePG	United States	2.5%	Unchanged	2.6%
PepsicoPEP	United States	2.2%	Unchanged	2.7%
Samsung C&T028260 Seoul	South Korea	2.1%	Trimmed -7.4%	1.4%
Talen EnergyTLN	United States	1.9%	Unchanged	1.6%
Hyundai Motor Company005385 Seoul	South Korea	1.7%	Unchanged	2.0%
Diamondback EnergyFANG	United States	1.7%	Unchanged	2.0%
NewsNWSA	United States	1.6%	Unchanged	1.7%
State StreetSTT	United States	1.6%	Unchanged	1.3%
Elevance HealthELV	United States	1.5%	Unchanged	1.2%
ConocoPhillipsCOP	United States	1.5%	Unchanged	2.0%
Coca-Cola CompanyKO	United States	1.4%	Unchanged	1.4%
EOG ResourcesEOG	United States	1.4%	Unchanged	1.7%
Armstrong World IndustriesAWI	United States	1.3%	Unchanged	1.4%
KenvueKVUE	United States	1.3%	Unchanged	1.3%
EbayEBAY	United States	1.2%	Trimmed -20%	1.3%
Walt DisneyDIS	United States	1.2%	Unchanged	1.3%
IngredionINGR	United States	1.2%	Unchanged	1.5%
Tyson FoodsTSN	United States	1.1%	Unchanged	1.3%
L3harris TechnologiesLHX	United States	1.1%	Unchanged	1.4%
SyscoSYY	United States	1.0%	Unchanged	0.9%
Cognizant Technology SolutionsCTSH	United States	1.0%	Unchanged	1.7%
IntuitINTU	United States	1.0%	New	–
Lockheed MartinLMT	United States	1.0%	Unchanged	1.2%
Northrop GrummanNOC	United States	0.9%	Unchanged	1.3%
Bellring BrandsBRBR	United States	0.9%	Added +414%	0.2%
Colgate-PalmoliveCL	United States	0.9%	Unchanged	0.9%
Paypal HoldingsPYPL	United States	0.8%	Unchanged	0.9%
Darling IngredientsDAR	United States	0.8%	Unchanged	0.9%
UnitedHealth GroupUNH	United States	0.7%	Unchanged	0.5%
AvantorAVTR	United States	0.6%	Unchanged	0.5%
OlinOLN	United States	0.6%	Unchanged	0.9%
Broadridge Financial SolutionsBR	United States	0.6%	New	–
Factset Research SystemsFDS	United States	0.6%	Unchanged	0.6%
BrenntagBNR Xetra	Germany	0.4%	Unchanged	0.5%
Associated British FoodsABF London	United Kingdom	0.4%	New	–
ComcastCMCSA	United States	0.4%	Unchanged	0.5%
EmbectaEMBC	United States	0.2%	Added +17%	0.4%
Graftech InternationalEAF	United States	0.1%	Unchanged	0.1%
		–	Sold out	0.3%
		–	Sold out	0.2%

AMG Yacktman Focused Fund

1 year+39.5%

3 yearsa year+18.5%

5 yearsa year+11.3%

10 yearsa year+11.8%

Yearly costs1.06%

Total returns after fees for the YAFIX, Class I share class (the cheapest one with a full record). 1, 3 and 5-year figures run to 30 Jun 2026, built from the monthly returns the fund reports in its N-PORT filings and checked against its shareholder reports. The 10-year figure is from the shareholder report to 31 Dec 2025. Costs are the expense ratio in the half-year report to 30 Jun 2026, about $119 a year on $10,000. Past returns don’t predict future ones.

Full portfolio at 30 Jun 2026, from the fund’s N-PORT filing. Net assets $3.1bn. Cash, bonds and other assets make up 13.2%. Changes are against 31 Mar 2026: 3 new, 2 added to, 6 trimmed, 0 sold out.

AMG Yacktman Focused Fund holdings with change from the previous filing

Samsung Electronics005935 Seoul	South Korea	13.7%	Trimmed -39%	13.8%
Canadian Natural ResourcesCNQ Toronto	Canada	7.3%	Unchanged	9.7%
BolloreBOL Paris	France	6.2%	Unchanged	8.2%
Berkshire HathawayBRK.B	United States	4.5%	New	–
Hyundai Motor Company005385 Seoul	South Korea	4.4%	Unchanged	5.2%
Associated British FoodsABF London	United Kingdom	4.3%	Added +100%	2.2%
Hyundai Mobis012330 Seoul	South Korea	3.2%	Trimmed -29%	3.8%
U-Haul Holding CompanyUHAL.B	United States	3.1%	Unchanged	2.5%
MicrosoftMSFT	United States	2.7%	Unchanged	2.8%
Charles SchwabSCHW	United States	2.5%	Unchanged	2.7%
Johnson & JohnsonJNJ	United States	2.2%	Unchanged	2.3%
FOXFOX	United States	2.1%	Unchanged	2.6%
PepsicoPEP	United States	2.0%	Unchanged	2.5%
Samsung C&T028260 Seoul	South Korea	2.0%	Trimmed -13%	1.4%
Procter & GamblePG	United States	1.8%	Unchanged	1.9%
AlphabetGOOG	United States	1.7%	Unchanged	1.5%
RelianceRS	United States	1.1%	Unchanged	1.0%
KenvueKVUE	United States	1.1%	Unchanged	1.1%
Tyson FoodsTSN	United States	1.1%	Unchanged	1.3%
BrenntagBNR Xetra	Germany	1.1%	Unchanged	1.3%
NewsNWSA	United States	1.0%	Unchanged	1.1%
Coca-Cola CompanyKO	United States	1.0%	Unchanged	1.0%
IntuitINTU	United States	1.0%	New	–
IngredionINGR	United States	0.9%	Unchanged	1.2%
KT&G033780 Seoul	South Korea	0.9%	Trimmed -31%	1.4%
Diamondback EnergyFANG	United States	0.9%	Unchanged	1.0%
Yuasa8074 Tokyo	Japan	0.8%	Unchanged	1.1%
Hyundai Home Shopping Network	South Korea	0.8%	Trimmed -9.5%	0.8%
ConocoPhillipsCOP	United States	0.8%	Unchanged	1.1%
Paypal HoldingsPYPL	United States	0.8%	Unchanged	0.9%
Walt DisneyDIS	United States	0.8%	Unchanged	0.8%
Lockheed MartinLMT	United States	0.7%	Unchanged	0.9%
EbayEBAY	United States	0.7%	Trimmed -26%	0.8%
EOG ResourcesEOG	United States	0.7%	Unchanged	0.8%
L3harris TechnologiesLHX	United States	0.7%	Unchanged	0.9%
Odet(Compagnie de L-)ODET Paris	France	0.7%	Unchanged	0.7%
Cognizant Technology SolutionsCTSH	United States	0.7%	Unchanged	1.2%
OlinOLN	United States	0.6%	Unchanged	1.0%
Nihon Parkerizing4095 Tokyo	Japan	0.6%	Unchanged	0.6%
Broadridge Financial SolutionsBR	United States	0.6%	New	–
Northrop GrummanNOC	United States	0.6%	Unchanged	0.8%
Legacy HousingLEGH	United States	0.4%	Added +13%	0.3%
LG H&H051905 Seoul	South Korea	0.2%	Unchanged	0.3%
Amorepacific090435 Seoul	South Korea	0.2%	Unchanged	0.3%

Look-through earnings

Yacktman Asset Management’s share of the profits of the US companies it holds. How this works

For each holding, the fraction of the company it owns times the company’s net income. Look-through earnings explained.

Look-through earnings, Q2 2026

$317m

Last 12 months, holdings with SEC financials

Price paid for those earnings

21.2×

Value of those holdings ÷ their earnings

Earnings per share growth

+0.3%

Same holdings, against a year earlier

Portfolio covered

83%

Of the 13F value

$263m2017

$331m2018

$383m2019

−$339m2020

$447m2021

$502m2022

$664m2023

$411m2024

$292m2025

$185m2026*

Q1 Q2 Q3 Q4 · each quarter is that quarter’s profits times the stake reported at its end. *2026 so far: 2 quarters. Click a quarter to see its holdings.

Holdings behind

Look-through earnings by holding, Q2 2026

FOXFOX	1.6%	$1.7bn	$26.7m	$10.9m	-20.5%
AlphabetGOOG	0.01%	$244bn	$22.4m	$10.3m	+109.4%
Diamondback EnergyFANG	0.4%	$1.4bn	$4.9m	$6.8m	-66.6%
Charles SchwabSCHW	0.2%	$1.3bn	$3.0m	$6.6m	-2.5%
EOG ResourcesEOG	0.2%	$6.9bn	$16.2m	$6.4m	+23.8%
ConocoPhillipsCOP	0.1%	$9.3bn	$12.3m	$5.2m	+4.8%
MicrosoftMSFT	0.01%	$134bn	$18.1m	$4.8m	+31.6%
NewsNWSA	1.4%	$743m	$10.1m	$4.7m	-35.5%
PepsicoPEP	0.1%	$10bn	$15.8m	$4.5m	+38.8%
RelianceRS	1.4%	$894m	$12.2m	$4.4m	+24.8%
Cognizant Technology SolutionsCTSH	0.7%	$2.2bn	$15.0m	$4.3m	-3.8%
U Haul Holding CompanyUHAL	3.3%	$63.7m	$2.1m	$4.1m	-79.7%
State StreetSTT	0.3%	$3.5bn	$11.3m	$3.5m	+25.3%
Broadridge Financial SolutionsBR	0.8%	$1.1bn	$8.4m	$3.0m	+35.6%
Johnson & JohnsonJNJ	0.05%	$21bn	$10.9m	$2.9m	-8.0%
IngredionINGR	2.3%	$592m	$13.6m	$2.6m	-10.1%
Procter & GamblePG	0.08%	$16bn	$13.0m	$2.5m	+1.8%
Elevance HealthELV	0.2%	$5.0bn	$7.7m	$2.3m	-4.0%
Coca-ColaKO	0.05%	$14bn	$7.1m	$2.2m	+17.6%
Walt DisneyDIS	0.08%	$8.6bn	$6.8m	$2.1m	-22.9%
KenvueKVUE	0.4%	$1.7bn	$6.9m	$1.9m	+17.2%
Lockheed MartinLMT	0.09%	$6.3bn	$5.9m	$1.7m	+51.6%
Armstrong World IndustriesAWI	1.8%	$315m	$5.6m	$1.7m	+9.0%
EbayEBAY	0.3%	$2.2bn	$6.2m	$1.5m	+5.9%
Northrop GrummanNOC	0.1%	$4.5bn	$6.2m	$1.5m	+15.2%
SyscoSYY	0.3%	$1.8bn	$4.7m	$1.5m	-2.3%
L3harris TechnologiesLHX	0.2%	$1.9bn	$4.1m	$1.3m	+10.7%
Tyson FoodsTSN	0.7%	$574m	$4.2m	$1.3m	-26.4%
IntuitINTU	0.2%	$4.6bn	$8.1m	$646k	+20.6%
Talen EnergyTLN	0.8%	−$185m	−$1.5m	−$721k	-203.2%

Net income is as reported (GAAP), so it includes one-off items and, for some companies, gains or losses on investments they hold. Companies that report under IFRS (most non-US companies) or whose shares we can’t match reliably are left out; “portfolio covered” shows how much is included. Look-through earnings explained. Growth compares earnings per share over the last 12 months with the 12 months a year earlier, for holdings profitable in both.

5% stake filings

Holdings of 5% or more of a company (13D and 13G), usually reported well before the next 13F. How this works

Yacktman Asset Management’s filings since December 2024, newest first. An amendment showing less than 5% means the holding fell below the threshold. A 13D means the holder may seek to influence the company. How to read a 13D.

Company	Owns	Form	Filed
Embecta	6.2%	13G	5 May 2026

US holdings by sector

Energy14.6%
Consumer staples12.3%
Communication and media11.7%
Industrials9.2%
Financials9.0%
Technology8.5%
Materials7.6%
Insurance7.2%
Health care6.6%
Other6.4%
Consumer discretionary3.4%
Utilities1.7%
Not classified1.7%

Sectors are grouped from each company’s SEC industry code, as a share of the Q2 2026 13F.

US portfolio value by quarter

$10bnQ3 ’23

$11bnQ4 ’23

$11bnQ1 ’24

$11bnQ2 ’24

$9.7bnQ3 ’24

$8.6bnQ4 ’24

$7.6bnQ1 ’25

$7.4bnQ2 ’25

$7.3bnQ3 ’25

$7.1bnQ4 ’25

$7.5bnQ1 ’26

$8.1bnQ2 ’26

From each quarter’s 13F. Changes reflect both trading and share-price moves.