
	Yacktman Asset Management 13F
	Yacktman Asset Management

	Last update 2023-02-03	68 Stocks (2 new)
	Value $10.04 Bil	Turnover 6 %
	Top Holdings: CNQ(8.39%) PEP(4.66%) MSFT(4.60%) PG(4.41%) UHAL.B(3.68%) Portfolio Report

Yacktman Asset Management Profile

Yacktman Asset Management is an Austin, Texas-based investment firm with a focus on value equity investing. It employs an objective, patient, and diligent investment approach and seeks to achieve superior investment returns over a full market cycle.
The firm is owned by its partners including Chief Investment Officer Stephen Yacktman, Portfolio Managers Jason Subotky, Adam Sues, and Russell Wilkins, Chief Financial Officer Keith Thatcher, Chief Operating Officer James Carmody, founder Don Yacktman, and majority owner Affiliated Managers Group, Inc.Yacktman Asset Management is an affiliate of Affiliated Managers Group, Inc. (“AMG”), a publicly traded global asset management company with equity investments in leading boutique investment management firms, including Yacktman. AMG’s equity interest is structured so that Yacktman maintains operational autonomy. AMG does not have any role in the day-to-day management of Yacktman. AMG Affiliates, including Yacktman, operate autonomously and independently of AMG and of each other.

Yacktman Asset Management Investing Philosophy

The firm’s goal is to own securities they believe offer an attractive rate of return for the level of risk in the investment. A generalist approach is used, which means all analysts are responsible for the entire investment universe instead of divvying up research. They focus on qualitative and quantitative information and are patient as long as investment theses remain intact. Purchases are made into companies that possess one or more of the following three attributes: good business, have shareholder-orientated management, and a low purchase price.

Yacktman Asset Management Portfolio and Latest Trades

Ticker
Ticker
UHAL.B
UHAL
PEP
UNVR
SCHW
FCFS
EBAY
CNQ
SYY
WFRD
WBD
SPY
NOC
CTSH
LMT
PXD
DVN
EOG
FANG
LHX
EMBC
MSM
MSFT
BKNG
PG
NWSA
INGR
BRK.A
JNJ
XOM
AWI
GOOG
TSN
CRMT
ACA
MO
ELV
PM
EAF
FOX
CSCO
LEGH
CL
KO
RS
USB
UL
BRK.B
CMCSA
BK
FOXA
FHB
ORCL
NWS
MU
COP
EPM
GLW
GS
RDI
STT
WFC
DIS
SYY
KO
DVN
EOG
COP
FANG
PXD
PEP
WFC
MSM
CNQ
PG
ABEV
EAF
JNJ
FHB
SCHW
XOM
HUN
BKNG
ACA
BK
LEGH
CSCO
MU
CTSH
AMPY
NOC
USB
MCO
NWSA
INGR
SPY
CRMT
FCFS
EBAY
RDI

Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
Ticker	Company	Date	Action	Impact %	Price Range	Price	Price Change from Avrg%	Comment	Current Shares	Share Change
UHAL.B	U-Haul Holding Co	2022-12-31	New Buy	+3.68%	● 52.06 ($57.91) 66.74	$48.65	-15.99%	New holding	6,712,255	6,712,255
UHAL	U-Haul Holding Co	2022-12-31	Reduce	-3.65%	● 50.32 ($57.53) 66.84	$54.17	-5.84%	Reduce -89.69%	756,597	-6,583,973
PEP	PepsiCo Inc	2022-12-31	Reduce	-2.04%	● 161.61 ($178.37) 185.9	$179.09	0.40%	Reduce -30.75%	2,587,661	-1,148,998
UNVR	Univar Solutions Inc	2022-12-31	New Buy	+0.62%	● 23.12 ($28.7) 34.34	$34.65	20.73%	New holding	1,971,543	1,971,543
SCHW	Charles Schwab Corp	2022-12-31	Add	+0.58%	● 67.43 ($77.61) 83.26	$53.26	-31.37%	Add 19.69%	4,282,948	704,635
FCFS	FirstCash Holdings Inc	2022-12-31	Sold Out	-0.48%	● 74.72 ($88.56) 98.45	$93.03	5.05%	Sold Out	0	-594,851
EBAY	eBay Inc	2022-12-31	Add	+0.38%	● 36.95 ($41.42) 47.02	$42.66	2.99%	Add 50.72%	2,714,558	913,508
CNQ	Canadian Natural Resources Ltd	2022-12-31	Reduce	-0.32%	● 50.16 ($57.15) 62.34	$51.40	-10.06%	Reduce -4.02%	15,172,143	-635,421
SYY	Sysco Corp	2022-12-31	Reduce	-0.32%	● 72.09 ($80.79) 86.56	$74.64	-7.61%	Reduce -21.6%	1,510,972	-416,318
WFRD	Weatherford International PLC	2022-12-31	Reduce	-0.29%	● 32.69 ($41.21) 50.92	$53.47	29.75%	Reduce -14.18%	4,921,500	-813,500
WBD	Warner Bros.Discovery Inc	2022-12-31	Add	+0.24%	● 8.87 ($11.29) 13.57	$14.00	24.00%	Add 46.03%	7,915,214	2,494,855
SPY	S&P 500 ETF TRUST ETF	2022-12-31	Add	+0.13%	● 354.93 ($382.87) 405.82	$395.70	3.35%	Add 1480.03%	35,440	33,197
NOC	Northrop Grumman Corp	2022-12-31	Reduce	-0.12%	● 464.19 ($521.66) 549.01	$455.25	-12.73%	Reduce -5.42%	410,428	-23,504
CTSH	Cognizant Technology Solutions Corp	2022-12-31	Reduce	-0.10%	● 51.96 ($58.65) 63.02	$58.65	0%	Reduce -3.03%	5,345,736	-167,037
LMT	Lockheed Martin Corp	2022-12-31	Reduce	-0.09%	● 389.41 ($464.67) 496.23	$474.54	2.12%	Reduce -6.19%	334,204	-22,041
PXD	Pioneer Natural Resources Co	2022-12-31	Add	+0.09%	● 214 ($243.31) 268.62	$192.22	-21.00%	Add 5.53%	724,827	37,958
DVN	Devon Energy Corp	2022-12-31	Add	+0.09%	● 59.26 ($68.16) 77.35	$46.57	-31.68%	Add 5.25%	2,804,836	139,909
EOG	EOG Resources Inc	2022-12-31	Add	+0.08%	● 119.93 ($133) 148.26	$105.49	-20.68%	Add 4.09%	1,493,689	58,659
FANG	Diamondback Energy Inc	2022-12-31	Add	+0.08%	● 129.52 ($146.13) 167.03	$125.42	-14.17%	Add 4.74%	1,321,869	59,857
LHX	L3Harris Technologies Inc	2022-12-31	Reduce	-0.08%	● 204.56 ($225.51) 252.8	$193.13	-14.36%	Reduce -5.12%	652,532	-35,195
EMBC	Embecta Corp	2022-12-31	Add	+0.06%	● 25.29 ($30.55) 35.48	$30.38	-0.56%	Add 10.94%	2,566,207	252,977
MSM	MSC Industrial Direct Co Inc	2022-12-31	Reduce	-0.05%	● 73.35 ($81.55) 85.83	$80.89	-0.81%	Reduce -18.74%	297,132	-68,503
MSFT	Microsoft Corp	2022-12-31	Reduce	-0.05%	● 214.25 ($239.99) 257.22	$280.57	16.91%	Reduce -0.94%	1,924,164	-18,209
BKNG	Booking Holdings Inc	2022-12-31	Reduce	-0.05%	● 1634.61 ($1898.11) 2085.44	$2,499.33	31.67%	Reduce -1.83%	153,466	-2,864
PG	Procter & Gamble Co	2022-12-31	Reduce	-0.05%	● 123.76 ($140.19) 153.95	$146.72	4.66%	Reduce -1.15%	2,919,414	-33,837
NWSA	News Corp	2022-12-31	Add	+0.05%	● 15.46 ($17.37) 19.16	$16.22	-6.62%	Add 1.74%	16,803,181	286,738
INGR	Ingredion Inc	2022-12-31	Reduce	-0.04%	● 80.57 ($92.23) 100.45	$100.18	8.62%	Reduce -1.9%	2,308,131	-44,746
BRK.A	Berkshire Hathaway Inc	2022-12-31	Reduce	-0.03%	● 399251 ($448762) 480280	$453,066.11	0.96%	Reduce -15.56%	38	-7
JNJ	Johnson & Johnson	2022-12-31	Reduce	-0.03%	● 160.2 ($172.66) 179.76	$152.65	-11.59%	Reduce -0.91%	2,072,059	-18,939
XOM	Exxon Mobil Corp	2022-12-31	Reduce	-0.03%	● 91.92 ($107.14) 114.18	$103.53	-3.37%	Reduce -18.02%	150,100	-33,000
AWI	Armstrong World Industries Inc	2022-12-31	Add	+0.02%	● 68.2 ($75.54) 84.12	$67.87	-10.15%	Add 2.67%	1,144,763	29,811
GOOG	Alphabet Inc	2022-12-31	Reduce	-0.02%	● 83.49 ($95.44) 104.93	$106.06	11.13%	Reduce -0.39%	4,130,134	-16,265
TSN	Tyson Foods Inc	2022-12-31	Add	+0.02%	● 60.76 ($65.05) 68.64	$57.06	-12.28%	Add 1.1%	2,947,396	32,072
CRMT	America's Car-Mart Inc	2022-12-31	Add	+0.01%	● 59.46 ($67.94) 75.28	$74.39	9.49%	Add 44%	36,000	11,000
ACA	Arcosa Inc	2022-12-31	Reduce	-0.01%	● 54.06 ($59.39) 64.83	$60.64	2.10%	Reduce -2.5%	365,588	-9,388
MO	Altria Group Inc	2022-12-31	Reduce	-0.01%	● 41.37 ($45.3) 47.63	$43.97	-2.94%	Reduce -55.38%	5,800	-7,200
ELV	Elevance Health Inc	2022-12-31	Add	+0.01%	● 465.23 ($507.74) 546.77	$456.69	-10.05%	Add 0.3%	386,700	1,168
PM	Philip Morris International Inc	2022-12-31	Reduce	-0.01%	● 84 ($94.37) 104.3	$90.75	-3.84%	Reduce -42.35%	9,801	-7,200
EAF	GrafTech International Ltd	2022-12-31	Add	+0.01%	● 4.21 ($4.86) 5.54	$4.26	-12.35%	Add 3.38%	8,095,805	264,807
FOX	Fox Corp	2022-12-31	Add	+0.01%	● 26.57 ($28.63) 30.61	$30.38	6.11%	Add 0.42%	8,685,412	36,023
CSCO	Cisco Systems Inc	2022-12-31	Reduce	-0.01%	● 39.27 ($45.52) 49.97	$50.51	10.96%	Reduce -1.12%	1,546,714	-17,532
LEGH	Legacy Housing Corp	2022-12-31	Reduce	-0.01%	● 16.32 ($17.58) 19.25	$21.53	22.47%	Reduce -21.28%	185,000	-50,000
CL	Colgate-Palmolive Co	2022-12-31	Add	+0.01%	● 68.48 ($74.97) 79.94	$73.42	-2.07%	Add 0.54%	1,304,400	7,000
KO	Coca-Cola Co	2022-12-31	Reduce	-0.01%	● 54.39 ($60.37) 64.35	$60.90	0.88%	Reduce -0.58%	2,609,844	-15,173
RS	Reliance Steel & Aluminum Co	2022-12-31	Reduce	-0.01%	● 178.27 ($199.04) 213.2	$252.17	26.69%	Reduce -0.26%	1,255,664	-3,328
USB	U.S. Bancorp	2022-12-31	Add	+0.01%	● 38.79 ($42.8) 45.64	$34.90	-18.46%	Add 0.47%	4,770,397	22,264
UL	Unilever PLC	2022-12-31	Reduce	-0.01%	● 43.24 ($47.57) 51.5	$51.39	8.03%	Reduce -3.84%	302,687	-12,075
BRK.B	Berkshire Hathaway Inc	2022-12-31	Add	0%	● 264 ($296.98) 318.6	$298.92	0.65%	Add 0.08%	708,557	601
CMCSA	Comcast Corp	2022-12-31	Reduce	0%	● 28.68 ($33.08) 36.71	$35.92	8.59%	Reduce -0.44%	1,457,700	-6,500
BK	Bank of New York Mellon Corp	2022-12-31	Add	0%	● 37.29 ($42.89) 45.9	$42.75	-0.33%	Add 0.14%	3,807,957	5,185
FOXA	Fox Corp	2022-12-31	Reduce	0%	● 28.17 ($30.52) 32.55	$33.06	8.32%	Reduce -0.4%	2,659,030	-10,630
FHB	First Hawaiian Inc	2022-12-31	Reduce	0%	● 24.36 ($25.66) 26.93	$20.87	-18.67%	Reduce -0.05%	1,901,613	-869
ORCL	Oracle Corp	2022-12-31	Reduce	0%	● 62.41 ($76) 84.11	$88.01	15.80%	Reduce -0.04%	1,431,534	-540
NWS	News Corp	2022-12-31	Reduce	0%	● 15.76 ($17.63) 19.45	$16.34	-7.32%	Reduce -0.64%	558,832	-3,594
MU	Micron Technology Inc	2022-12-31	Add	0%	● 49.12 ($54.72) 63.1	$61.16	11.77%	Add 1.04%	702,454	7,246
COP	ConocoPhillips	2022-12-31	Add	0%	● 109.97 ($121.55) 134.94	$95.43	-21.49%	Add 0.09%	1,768,311	1,541
EPM	Evolution Petroleum Corp	2022-12-31	Reduce	0%	● 6.66 ($7.52) 8.42	$5.84	-22.34%	Reduce -41.18%	100,000	-70,000
GLW	Corning Inc	2022-12-31	Add	0%	● 29.87 ($32.44) 34.46	$32.85	1.26%	Add 0.68%	1,190,000	8,000
GS	The Goldman Sachs Group Inc	2022-12-31	Add	0%	● 294.21 ($348.16) 388.86	$312.57	-10.22%	Add 0.14%	194,331	281
RDI	Reading International Inc	2022-12-31	Reduce	0%	● 2.67 ($3.21) 3.63	$3.21	0%	Reduce -7.47%	559,800	-45,200
STT	State Street Corporation	2022-12-31	Reduce	0%	● 60.16 ($73.64) 81.33	$71.65	-2.70%	Reduce -0.05%	3,500,960	-1,615
WFC	Wells Fargo & Co	2022-12-31	Add	0%	● 40.23 ($44.26) 47.95	$36.23	-18.14%	Add 0.22%	2,593,661	5,591
DIS	The Walt Disney Co	2022-12-31	Reduce	0%	● 84.17 ($95.65) 106.54	$94.08	-1.64%	Reduce -0.15%	1,662,808	-2,566
SYY	Sysco Corp	2022-09-30	Reduce	-1.92%	● 70.71 ($83.28) 88.23	$74.64	-10.37%	Reduce -53.14%	1,927,290	-2,185,567
KO	Coca-Cola Co	2022-09-30	Reduce	-1.89%	● 56.02 ($62.15) 65.22	$60.90	-2.01%	Reduce -52.47%	2,625,017	-2,897,741
DVN	Devon Energy Corp	2022-09-30	New Buy	+1.75%	● 51 ($62.13) 74.14	$46.57	-25.04%	New holding	2,664,927	2,664,927
EOG	EOG Resources Inc	2022-09-30	New Buy	+1.75%	● 95.12 ($112.22) 126.73	$105.49	-6.00%	New holding	1,435,030	1,435,030
COP	ConocoPhillips	2022-09-30	Add	+1.67%	● 81.61 ($99.75) 117.71	$95.43	-4.33%	Add 559.12%	1,766,770	1,498,720
FANG	Diamondback Energy Inc	2022-09-30	New Buy	+1.66%	● 106.71 ($124.78) 140.17	$125.42	0.51%	New holding	1,262,012	1,262,012
PXD	Pioneer Natural Resources Co	2022-09-30	New Buy	+1.62%	● 205.41 ($228.44) 262.5	$192.22	-15.86%	New holding	686,869	686,869
PEP	PepsiCo Inc	2022-09-30	Reduce	-0.90%	● 163.26 ($172.33) 180.4	$179.09	3.92%	Reduce -12.21%	3,736,659	-519,680
WFC	Wells Fargo & Co	2022-09-30	Reduce	-0.78%	● 38.74 ($42.96) 46.14	$36.23	-15.67%	Reduce -42.42%	2,588,070	-1,906,777
MSM	MSC Industrial Direct Co Inc	2022-09-30	Reduce	-0.69%	● 71.98 ($78.83) 86.34	$80.89	2.61%	Reduce -70.63%	365,635	-879,240
CNQ	Canadian Natural Resources Ltd	2022-09-30	Reduce	-0.60%	● 44.78 ($52.36) 57.99	$51.40	-1.83%	Reduce -6.43%	15,807,564	-1,085,448
PG	Procter & Gamble Co	2022-09-30	Reduce	-0.15%	● 126.25 ($142.05) 149.93	$146.72	3.29%	Reduce -3.23%	2,953,251	-98,459
ABEV	Ambev SA	2022-09-30	Sold Out	-0.13%	● 2.51 ($2.84) 3.04	$2.63	-7.39%	Sold Out	0	-5,000,000
EAF	GrafTech International Ltd	2022-09-30	Add	+0.13%	● 4.28 ($6.36) 7.76	$4.26	-33.02%	Add 51.46%	7,830,998	2,660,762
JNJ	Johnson & Johnson	2022-09-30	Reduce	-0.09%	● 161.33 ($169.22) 179.52	$152.65	-9.79%	Reduce -2.17%	2,090,998	-46,301
FHB	First Hawaiian Inc	2022-09-30	Reduce	-0.07%	● 21.53 ($25.19) 27.79	$20.87	-17.15%	Reduce -12.92%	1,902,482	-282,282
SCHW	Charles Schwab Corp	2022-09-30	Add	+0.07%	● 60.57 ($69.43) 77.18	$53.26	-23.29%	Add 2.63%	3,578,313	91,653
XOM	Exxon Mobil Corp	2022-09-30	Reduce	-0.05%	● 83.14 ($91.3) 100.12	$103.53	13.40%	Reduce -21.65%	183,100	-50,600
HUN	Huntsman Corp	2022-09-30	Sold Out	-0.05%	● 23.95 ($28.11) 31.34	$26.91	-4.27%	Sold Out	0	-180,000
BKNG	Booking Holdings Inc	2022-09-30	Add	+0.02%	● 1643.21 ($1878.43) 2151.34	$2,499.33	33.05%	Add 0.65%	156,330	1,014
ACA	Arcosa Inc	2022-09-30	Reduce	-0.02%	● 44.72 ($55.43) 64.99	$60.64	9.40%	Reduce -7.77%	374,976	-31,573
BK	Bank of New York Mellon Corp	2022-09-30	Add	+0.01%	● 38.52 ($42.63) 45.03	$42.75	0.28%	Add 0.38%	3,802,772	14,545
LEGH	Legacy Housing Corp	2022-09-30	Reduce	-0.01%	● 12.39 ($15.87) 19.97	$21.53	35.66%	Reduce -17.54%	235,000	-50,000
CSCO	Cisco Systems Inc	2022-09-30	Add	+0.01%	● 40 ($44.37) 49.37	$50.51	13.84%	Add 1.69%	1,564,246	25,964
MU	Micron Technology Inc	2022-09-30	Add	+0.01%	● 48.88 ($58) 65.04	$61.16	5.45%	Add 1.4%	695,208	9,602
CTSH	Cognizant Technology Solutions Corp	2022-09-30	Add	+0.01%	● 57.44 ($65.5) 70.3	$58.65	-10.46%	Add 0.18%	5,512,773	10,086
AMPY	Amplify Energy Corp	2022-09-30	Add	+0.01%	● 5.66 ($6.8) 8.13	$6.22	-8.53%	Add 52.27%	335,000	115,000
NOC	Northrop Grumman Corp	2022-09-30	Reduce	-0.01%	● 444.65 ($476.45) 496.46	$455.25	-4.45%	Reduce -0.36%	433,932	-1,549
USB	U.S. Bancorp	2022-09-30	Add	+0.01%	● 40.32 ($46.27) 49.3	$34.90	-24.57%	Add 0.47%	4,748,133	22,369
MCO	Moody's Corporation	2022-09-30	Add	+0.01%	● 243.11 ($290.51) 322.97	$292.73	0.76%	Add 46.84%	6,270	2,000
NWSA	News Corp	2022-09-30	Add	+0.01%	● 14.95 ($16.77) 18.83	$16.22	-3.28%	Add 0.39%	16,516,443	63,649
INGR	Ingredion Inc	2022-09-30	Reduce	-0.01%	● 78.99 ($87.76) 95.34	$100.18	14.15%	Reduce -0.49%	2,352,877	-11,491
SPY	S&P 500 ETF TRUST ETF	2022-09-30	Add	+0.01%	● 357.18 ($395.76) 427.94	$395.70	-0.02%	Add 113.82%	2,243	1,194
CRMT	America's Car-Mart Inc	2022-09-30	Add	+0.01%	● 61.02 ($89.75) 125.32	$74.39	-17.11%	Add 61.29%	25,000	9,500
FCFS	FirstCash Holdings Inc	2022-09-30	Reduce	0%	● 64.24 ($74.53) 81.75	$93.03	24.82%	Reduce -1%	594,851	-6,000
EBAY	eBay Inc	2022-09-30	Add	0%	● 36.81 ($44.55) 50.48	$42.66	-4.24%	Add 0.67%	1,801,050	12,060
RDI	Reading International Inc	2022-09-30	Reduce	0%	● 3.21 ($4.06) 4.75	$3.21	-20.94%	Reduce -12.45%	605,000	-86,000

100/Page

Total 464

Yacktman Asset Management News

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Buffett Assets Allocation

Company

About GuruFocus Career Contact Us ETF ADV Part 2A ADV Part 2B ADV Part 3 Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.