Value-focused investment firm Yacktman Asset Management cut its position in Fox Corporation (FOXA) by 54.43% during the third quarter of 2026, according to a recent SEC filing. The firm's holding was reduced from 1.19 million shares to approximately 540,000. This trade is part of a quarterly 13F disclosure, which is filed with a delay and reflects positions held as of September 30, 2026, not a daily trading activity.
Yacktman, known for its long-term, value-oriented investment strategy, originally acquired its stake in Fox following the 2019 merger between Walt Disney and Twenty-First Century Fox. While the firm has not publicly commented on the specific reasons for this substantial reduction, the move lowered the stock's weight in their reported portfolio from 0.76% to 0.40%. The estimated value of the shares sold is over $40 million.