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Stephen Yacktman

Yacktman Asset Management

Yacktman Asset Management, quality value, cash flow and shareholder yield

Yacktman Asset Management is a strong US quality-value case. The useful materials are fund reports, long-held positions, and the firm's discipline around forward rate of return, cash flow, capital protection, and shareholder yield rather than short-term growth stories.

Sources Yacktman Asset Management official site SEC EDGAR profile
Quality value / shareholder yield CIK 905567
2026-03-31 Latest 13F 20 Current holdings 51 Last 1 periods Change 0 Public materials
Latest 13F snapshot 2026-03-31 · 76 disclosed positions · $7.5B Top five 29.1%: CNQ, MSFT, SCHW, GOOG, PEP

Performance materials

  • Yacktman public fund materials disclose strategy performance. Official fund reports and factsheets are the performance source.

Firm and key people

  • The Yacktman system was established by Donald Yacktman and is now carried forward by Stephen Yacktman and the team.
  • Public materials emphasize forward rate of return, cash flow, price discipline, and shareholder returns.
  • 13F holdings help show US equity exposure, while fund reports explain the strategy better.

Investment style

  • Prefer stable cash flows, low capital intensity, brands or pricing power, and shareholder-friendly management.
  • Use future return and margin of safety to control the purchase price.
  • Read position changes with fund commentary and valuation changes.

Public materials

View timeline
Shareholder letters / memos 0
Interview 0
Public video 0
Public Q&A / speeches / presentations 0

Current holdings

13F period 2026-03-31 · Filed 2026-05-01
Stocks Shares Value Weight
CNQ 16,541,598 $806.1M 10.7%
MSFT 992,916 $367.5M 4.9%
SCHW 3,904,856 $367.0M 4.9%
GOOG 1,126,534 $323.2M 4.3%
PEP 2,027,967 $314.9M 4.2%
JNJ 1,249,409 $305.4M 4.1%
PG 1,931,131 $278.9M 3.7%
UHAL.B 6,048,331 $270.2M 3.6%
RS 693,126 $210.7M 2.8%
COP 1,581,521 $208.8M 2.8%
FANG 1,003,970 $198.6M 2.6%
CTSH 3,008,138 $184.5M 2.5%
NWSA 7,388,648 $184.2M 2.5%
EOG 1,221,843 $176.6M 2.4%
INGR 1,440,258 $162.3M 2.2%
TSN 2,514,870 $161.1M 2.1%
KO 2,098,755 $159.6M 2.1%
BRK.B 314,981 $150.9M 2.0%
LHX 407,875 $140.8M 1.9%
EBAY 1,529,194 $139.2M 1.9%

Last 1 quarters US 13F new / increased / reduced / sold-out positions

As of 13F 2026-03-31 · Filed 2026-05-01
Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Stocks Action 13F period Current shares Previous shares Share change 13F value change
CNQ Minor reduction 2026-03-31 Filed 2026-05-01 16,541,598 18,775,420 -11.9% +$170.5M
PYPL New 2026-03-31 Filed 2026-05-01 2,290,642 0 - +$103.6M
MSFT Minor increase 2026-03-31 Filed 2026-05-01 992,916 963,825 3.0% -$98.6M
COP Minor increase 2026-03-31 Filed 2026-05-01 1,581,521 1,549,903 2.0% +$63.7M
CTSH Minor increase 2026-03-31 Filed 2026-05-01 3,008,138 2,983,431 0.8% -$63.1M
EOG Minor increase 2026-03-31 Filed 2026-05-01 1,221,843 1,187,019 2.9% +$52.0M
WBD Sold out 2026-03-31 Filed 2026-05-01 0 1,782,860 -100.0% -$51.4M
FDS New 2026-03-31 Filed 2026-05-01 225,874 0 - +$49.0M
FANG Minor increase 2026-03-31 Filed 2026-05-01 1,003,970 996,619 0.7% +$48.8M
JNJ Minor reduction 2026-03-31 Filed 2026-05-01 1,249,409 1,252,646 -0.3% +$46.2M
OLN Minor increase 2026-03-31 Filed 2026-05-01 4,092,211 3,922,318 4.3% +$40.0M
AVTR New 2026-03-31 Filed 2026-05-01 4,745,000 0 - +$37.2M
DAR Minor increase 2026-03-31 Filed 2026-05-01 1,403,668 1,389,217 1.0% +$36.8M
GOOG Minor reduction 2026-03-31 Filed 2026-05-01 1,126,534 1,129,807 -0.3% -$31.4M
SCHW Minor reduction 2026-03-31 Filed 2026-05-01 3,904,856 3,936,540 -0.8% -$26.3M
LMT Minor reduction 2026-03-31 Filed 2026-05-01 213,628 214,473 -0.4% +$25.4M
BRBR New 2026-03-31 Filed 2026-05-01 1,498,000 0 - +$24.1M
PEP Minor reduction 2026-03-31 Filed 2026-05-01 2,027,967 2,028,631 -0.0% +$23.8M
NOC Minor increase 2026-03-31 Filed 2026-05-01 194,173 193,937 0.1% +$21.9M
DIS Minor increase 2026-03-31 Filed 2026-05-01 1,347,536 1,333,916 1.0% -$21.9M
LHX Minor reduction 2026-03-31 Filed 2026-05-01 407,875 408,227 -0.1% +$20.9M
TLN Minor reduction 2026-03-31 Filed 2026-05-01 359,900 360,000 -0.0% -$20.1M
AWI Minor increase 2026-03-31 Filed 2026-05-01 741,937 741,742 0.0% -$19.5M
SPY Major reduction 2026-03-31 Filed 2026-05-01 3,768 32,091 -88.3% -$19.4M
FOXA Minor reduction 2026-03-31 Filed 2026-05-01 1,188,374 1,202,063 -1.1% -$18.4M
ELV Minor increase 2026-03-31 Filed 2026-05-01 334,315 328,756 1.7% -$17.4M
TSN Minor increase 2026-03-31 Filed 2026-05-01 2,514,870 2,489,380 1.0% +$15.2M
KO Minor reduction 2026-03-31 Filed 2026-05-01 2,098,755 2,108,644 -0.5% +$12.2M
RS Minor increase 2026-03-31 Filed 2026-05-01 693,126 691,626 0.2% +$10.9M
CSCO Major reduction 2026-03-31 Filed 2026-05-01 210,580 340,638 -38.2% -$9.9M
UNH Minor increase 2026-03-31 Filed 2026-05-01 168,460 167,550 0.5% -$9.7M
EWY Minor reduction 2026-03-31 Filed 2026-05-01 980,605 1,144,611 -14.3% +$9.3M
DVN Minor increase 2026-03-31 Filed 2026-05-01 458,844 432,311 6.1% +$7.3M
NWSA Minor increase 2026-03-31 Filed 2026-05-01 7,388,648 7,329,228 0.8% -$7.2M
BRK.B Minor increase 2026-03-31 Filed 2026-05-01 314,981 313,033 0.6% -$6.4M
EBAY Minor reduction 2026-03-31 Filed 2026-05-01 1,529,194 1,532,330 -0.2% +$5.7M
EMBC Major increase 2026-03-31 Filed 2026-05-01 3,671,877 2,262,915 62.3% +$5.6M
INGR Minor increase 2026-03-31 Filed 2026-05-01 1,440,258 1,423,654 1.2% +$5.3M
CL Minor increase 2026-03-31 Filed 2026-05-01 789,400 787,300 0.3% +$5.1M
BIL Major increase 2026-03-31 Filed 2026-05-01 212,115 167,893 26.3% +$4.1M
PG Minor increase 2026-03-31 Filed 2026-05-01 1,931,131 1,918,353 0.7% +$4.0M
STT Minor reduction 2026-03-31 Filed 2026-05-01 909,191 913,555 -0.5% -$2.8M
SYY Minor increase 2026-03-31 Filed 2026-05-01 1,234,872 1,223,605 0.9% -$2.1M
WFC Minor reduction 2026-03-31 Filed 2026-05-01 100,437 102,319 -1.8% -$1.5M
UL Minor increase 2026-03-31 Filed 2026-05-01 200,113 195,803 2.2% -$1.4M
KVUE Minor increase 2026-03-31 Filed 2026-05-01 7,932,459 7,857,496 1.0% +$1.2M
CMCSA Minor increase 2026-03-31 Filed 2026-05-01 1,167,500 1,161,500 0.5% -$1.2M
UHAL Minor reduction 2026-03-31 Filed 2026-05-01 325,369 327,276 -0.6% -$951,852
UHAL.B Minor increase 2026-03-31 Filed 2026-05-01 6,048,331 5,787,394 4.5% -$323,850
MAS Minor increase 2026-03-31 Filed 2026-05-01 244,718 233,847 4.6% -$66,305
BNY Minor reduction 2026-03-31 Filed 2026-05-01 357,698 365,736 -2.2% -$24,578

Public video / Interview / Shareholder letter / Public Q&A

No viewpoint records yet.