SEC 13F Intelligence

Notable Investors / Q1 2026

Donald Yacktman’s Portfolio — YACKTMAN ASSET MANAGEMENT LP

Founder, Yacktman Asset Management

CIK 0000905567 · 6300 BRIDGE POINT PARKWAY, BUILDING ONE, STE 500, AUSTIN, TX, 78730 · 5127676700

About Donald Yacktman

Donald Yacktman built one of the best long-term records in American mutual funds around 'forward rates of return' — treating stocks as bonds with growing coupons and demanding a margin of safety on the yield. His sons and successors carry the process forward.

The Yacktman 13F is a consumer-quality portfolio at heart — decades-long positions in names like Procter & Gamble and PepsiCo — with cash allowed to build when nothing clears the return hurdle.

Portfolio data below is from YACKTMAN ASSET MANAGEMENT LP’s SEC 13F filings. View the full filer page →

Reported Value
$7.5B
Q1 2026
Positions
76
Filings on Record
30
2019–present window
Filed
May 1, 2026
original filing

Summary

Yacktman Asset Management LP reported $7.5B in U.S.-listed holdings across 76 positions for Q1 2026.

Its largest position, CRC, represents 10.7% of the portfolio.

Compared with Q4 2025, the fund opened 5 new positions and exited 1.

Portfolio Metrics

Turnover
+7.0%
vs prior filed quarter
Top-10 Concentration
+47.2%
share of reported value
Largest Position
+10.7%
Canadian Natural Resources Limited
New / Exited
5 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $7.8BQ4 ’18Q1 ’19: $8.1BQ2 ’19: $8.3BQ3 ’19: $8.1BQ4 ’19: $7.9BQ4 ’19Q1 ’20: $6.0BQ2 ’20: $6.3BQ3 ’20: $6.7BQ4 ’20: $8.1BQ4 ’20Q1 ’21: $9.6BQ2 ’21: $10.3BQ3 ’21: $10.4BQ4 ’21: $11.2BQ4 ’21Q1 ’22: $11.2BQ2 ’22: $9.6BQ3 ’22: $9.2BQ4 ’22: $10.0BQ4 ’22Q1 ’23: $10.1BQ2 ’23: $10.5BQ3 ’23: $10.1BQ4 ’23: $10.8BQ4 ’23Q1 ’24: $11.1BQ2 ’24: $10.7BQ3 ’24: $9.7BQ4 ’24: $8.6BQ4 ’24Q1 ’25: $7.6BQ2 ’25: $7.4BQ3 ’25: $7.3BQ4 ’25: $7.1BQ4 ’25Q1 ’26: $7.5Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 97.9%ETP: 1.9%ADR: 0.2%Other: 0.1%
  • Common Stock · 97.9% · $7.3B
  • ETP · 1.9% · $143M
  • ADR · 0.2% · $11M
  • Other · 0.1% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PYPLPayPal Holdings, Inc.NEW+2.29M2.29M+$104M$104M
FDSFactSet Research Systems Inc.NEW+225.9K225.9K+$49M$49M
AVTRAvantor, Inc.NEW+4.75M4.75M+$37M$37M
BRBRBellRing Brands, Inc.NEW+1.50M1.50M+$24M$24M
INTUIntuit Inc.NEW+7.4K7.4K+$3M$3M
LEGHLegacy Housing CorporationADDED+530.0K705.7K+$11M$14M
FICOFair Isaac CorporationADDED+3.4K6.2K+$2M$7M
WBDWarner Bros. Discovery, Inc.SOLD OUT−1.78M0−$51M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CRCCanadian Natural Resources Limitedhistory →COM10.75%$806M16.54M
2MSFTMicrosoft Corporationhistory →COM4.90%$368M992.9K
3SCHWCharles Schwab Corphistory →COM4.89%$367M3.90M
4FOXFox Corporation Class ACL B COM · CL A COM4.87%$365M6.75M
5GOOGAlphabet Inc. Class Ahistory →CAP STK CL C4.31%$323M1.13M
6PEPPepsiCo, Inc.history →COM4.20%$315M2.03M
7JNJJohnson & Johnsonhistory →COM4.07%$305M1.25M
8UHAL/BU-Haul Holding CompanyCOM SER N3.81%$286M6.37M
9PGProcter & Gamble Companyhistory →COM3.72%$279M1.93M
10RSReliance, Inc.history →COM2.81%$211M693.1K
11COPConocoPhillipshistory →COM2.78%$209M1.58M
12FANGDiamondback Energy, Inc.history →COM2.65%$199M1.00M
13CTSHCognizant Technology Solutions Corporation Class Ahistory →CL A2.46%$185M3.01M
14NWSANews Corporation Class Ahistory →CL A2.46%$184M7.39M
15EOGEOG Resources, Inc.history →COM2.36%$177M1.22M
16INGRIngredion Incorporatedhistory →COM2.16%$162M1.44M
17TSNTyson Foods, Inc. Class Ahistory →CL A2.15%$161M2.51M
18KOCoca-Cola Companyhistory →COM2.13%$160M2.10M
19BRK/BBerkshire Hathaway Inc. Class Bhistory →CL B NEW2.01%$151M315.0K
20LHXL3Harris Technologies Inchistory →COM1.88%$141M407.9K
21EBAeBay Inc.history →COM1.86%$139M1.53M
22KVUEKenvue, Inc.history →COM1.82%$137M7.93M
23NOCNorthrop Grumman Corp.history →COM1.77%$132M194.2K
24DISWalt Disney Companyhistory →COM1.73%$130M1.35M
25LMTLockheed Martin Corporationhistory →COM1.72%$129M213.6K
26AWIArmstrong World Industries, Inc.history →COM1.63%$122M741.9K
27OLNOlin Corporationhistory →COM PAR $11.62%$122M4.09M
28iShares TrustMSCI STH KOR ETF1.61%$121M980.6K
29STTState Street Corporationhistory →COM1.53%$115M909.2K
30TLNTalen Energy Corphistory →COM1.53%$115M359.9K
31PYPLPayPal Holdings, Inc.history →COM1.38%$104M2.29M
32ELVElevance Health, Inc.history →COM1.31%$98M334.3K
33SYYSysco Corporationhistory →COM1.17%$88M1.23M
34DARDarling Ingredients Inchistory →COM1.16%$87M1.40M
35CLColgate-Palmolive Companyhistory →COM0.90%$67M789.4K
36FDSFactSet Research Systems Inc.history →COM0.65%$49M225.9K
37UNHUnitedHealth Group Incorporatedhistory →COM0.61%$46M168.5K
38BNYBank of New York Mellon Corphistory →COM0.57%$42M357.7K
39AVTRAvantor, Inc.history →COMMON STOCK0.50%$37M4.75M
40CMCSAComcast Corporation Class Ahistory →CL A0.45%$34M1.17M
41EMBCEmbecta Corporationhistory →COMMON STOCK0.43%$32M3.67M
42BRBRBellRing Brands, Inc.history →COM0.32%$24M1.50M
43DVNDevon Energy Corporationhistory →COM0.31%$23M458.8K
44State Street SPDR Bloomberg 1-3 Month T-Bill ETFSTATE STREET SPD0.26%$19M212.1K
45CSCOCisco Systems, Inc.history →COM0.22%$16M210.6K
46MASMasco Corporationhistory →COM0.20%$15M244.7K
47LEGHLegacy Housing Corporationhistory →COM0.19%$14M705.7K
48ULUnilever PLChistory →ADR0.15%$11M200.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$7.5B76May 1, 202613F-HRchanges · EDGAR ↗
Q4 2025$7.1B72Feb 3, 202613F-HRchanges · EDGAR ↗
Q3 2025$7.3B70Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$7.4B70Aug 6, 202513F-HRchanges · EDGAR ↗
Q1 2025$7.6B70Apr 30, 202513F-HRchanges · EDGAR ↗
Q4 2024$8.6B71Jan 29, 202513F-HRchanges · EDGAR ↗
Q3 2024$9.7B71Oct 30, 202413F-HRchanges · EDGAR ↗
Q2 2024$10.7B72Aug 2, 202413F-HRchanges · EDGAR ↗
Q1 2024$11.1B73May 2, 202413F-HRchanges · EDGAR ↗
Q4 2023$10.8B70Feb 2, 202413F-HRchanges · EDGAR ↗
Q3 2023$10.1B70Nov 1, 202313F-HRchanges · EDGAR ↗
Q2 2023$10.5B67Aug 8, 202313F-HRchanges · EDGAR ↗
Q1 2023$10.1B68May 8, 202313F-HRchanges · EDGAR ↗
Q4 2022$10.0B68Jan 26, 202313F-HRchanges · EDGAR ↗
Q3 2022$9.2B67Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$9.6B65Aug 4, 202213F-HRchanges · EDGAR ↗
Q1 2022$11.2B64May 2, 202213F-HRchanges · EDGAR ↗
Q4 2021$11.2B64Feb 2, 202213F-HRchanges · EDGAR ↗
Q3 2021$10.4B62Nov 1, 202113F-HRchanges · EDGAR ↗
Q2 2021$10.3B64Aug 3, 202113F-HRchanges · EDGAR ↗
Q1 2021$9.6B66May 4, 202113F-HRchanges · EDGAR ↗
Q4 2020$8.1B61Feb 1, 202113F-HRchanges · EDGAR ↗
Q3 2020$6.7B60Oct 30, 202013F-HRchanges · EDGAR ↗
Q2 2020$6.3B60Aug 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$6.0B57May 4, 202013F-HRchanges · EDGAR ↗
Q4 2019$7.9B50Feb 4, 202013F-HRchanges · EDGAR ↗
Q3 2019$8.1B48Nov 5, 201913F-HRchanges · EDGAR ↗
Q2 2019$8.3B46Aug 2, 201913F-HRchanges · EDGAR ↗
Q1 2019$8.1B44May 2, 201913F-HRchanges · EDGAR ↗
Q4 2018$7.8B43Feb 4, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.