Yacktman Asset Management's third-quarter 13F filing, dated November 2, 2026, reveals a portfolio valued at $8.38 billion for the period ending September 30. The firm, known for its value-oriented investment philosophy, seeks to own high-quality businesses at low valuations with the goal of outperforming over a full market cycle. This quarterly snapshot shows a concentrated portfolio where the top five holdings account for approximately 31% of its value.
The most significant change was a high-signal reduction in its Fox Corp. (FOXA) position, cutting shares by more than half from 1.19 million to roughly 540,000. Other material changes included a medium-signal boost to its Intuit (INTU) stake, increasing shares by over 44% to 707,623. The firm also made a notable reduction in its Coca-Cola (KO) holding, decreasing its share count by approximately 45%. These moves reflect tactical shifts within the firm's long-term, business-owner mindset.
Despite these adjustments, the portfolio's core remains intact. Top holdings continue to be Canadian Natural Resources (CNQ) at an 8.53% weight, Berkshire Hathaway (BRK/B) at 6.97%, and Microsoft (MSFT) at 6.20%. Other major positions include The Charles Schwab Corp. (SCHW) and Alphabet (GOOG), underscoring the firm's continued conviction in its long-standing, high-quality holdings. This filing provides a glimpse into how the value-focused manager is navigating the current market.