Yacktman Asset Management's Q1 2026 portfolio reached $7.5 billion across 76 holdings with 11.5% cash allocation. Canadian Natural Resources leads at 10.75% of assets, while the top five positions including Microsoft, Charles Schwab, Fox, and Google represent approximately 29% of total holdings. The fund initiated new stakes in PayPal, FactSet, and Avantor while completely exiting Warner Bros. Discovery. Notable activity included incremental increases in Microsoft, U-Haul, and Procter & Gamble alongside strategic trimming of large concentrated positions. This concentrated portfolio approach reflects the manager's conviction-driven investment strategy focused on identifying undervalued opportunities in the market.
