Yacktman Asset Management

Q2 2024 13F · by Stephen Yacktman, CIO

As of: Jun 30, 2024
Filed: Aug 2, 2024
US stock: $10.7B · prev $11.1B
Positions: 72 · prev 73
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves62 since the prior filing

+0.5 pp in · −0.5 pp out

New 1 +0.03 pp
Added 9 +0.45 pp
Trimmed 50 +0.27 pp
Exited 2 −0.73 pp

The book

Focused · behaves like 28 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 1.8% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions30% of US stock

Positions72 in this filing · 2 exited


CNQCanadian Natural Resources Limited	9.84%	29,456,746	$1.0B	trimmed−2%	−0.48 pp	14 q
MSFTMicrosoft Corp	6.43%	1,532,809	$685M	trimmed−4%	+0.42 pp	45 q
GOOGAlphabet Inc. Class C	6.08%	3,530,455	$648M	trimmed−3%	+1.08 pp	22 q
SCHWThe Charles Schwab Corporation	4.08%	5,906,642	$435M	trimmed−6%	−0.01 pp	21 q
UHAL.BU-Haul Holding Company	3.98%	7,060,924	$424M	trimmed−1%	−0.29 pp	7 q
PEPPepsiCo, Inc.	3.85%	2,488,359	$410M	added0%	−0.07 pp	45 q
PGProcter & Gamble Company	3.79%	2,446,074	$403M	trimmed−1%	+0.20 pp	45 q
NWSANews Corporation Class A	3.76%	14,517,502	$400M	trimmed−1%	+0.32 pp	21 q
CTSHCognizant Technology Solutions	3.13%	4,907,141	$334M	trimmed−0%	−0.12 pp	29 q
FANGDiamondback Energy, Inc.	2.68%	1,426,054	$285M	trimmed−3%	+0.07 pp	8 q
RSReliance, Inc.	2.65%	989,685	$283M	trimmed−1%	−0.34 pp	11 q
BRK.BBERKSHIRE HATHAWAY Class B	2.62%	686,096	$279M	added+1%	+0.06 pp	45 q
FOXFox Corporation Class B	2.62%	8,734,220	$280M	added0%	+0.37 pp	22 q
INGRIngredion Incorporated	2.33%	2,163,799	$248M	trimmed−2%	+0.01 pp	17 q
STTState Street Corporation	2.24%	3,223,357	$239M	trimmed−5%	−0.12 pp	45 q
EOGEOG Resources, Inc.	2.11%	1,787,728	$225M	trimmed−0%	+0.05 pp	8 q
JNJJohnson & Johnson	2.07%	1,506,840	$220M	trimmed−1%	−0.08 pp	45 q
BNYBank of New York Mellon Corporation	1.96%	3,483,191	$209M	trimmed−6%	+0.03 pp	45 q
COPConocoPhillips	1.95%	1,814,551	$208M	trimmed−0%	−0.13 pp	45 q
ELVElevance Health, Inc.	1.89%	371,855	$201M	trimmed−1%	+0.14 pp	39 q
OLNOlin Corp.	1.86%	4,212,143	$199M	trimmed−2%	−0.41 pp	5 q
TSNTyson Foods, Inc.	1.64%	3,053,492	$174M	trimmed−1%	+0.01 pp	15 q
KOCoca-Cola Company	1.54%	2,577,478	$164M	trimmed−0%	+0.12 pp	45 q
NOCNorthrop Grumman Corp.	1.54%	375,290	$164M	trimmed−3%	−0.13 pp	14 q
DISThe Walt Disney Company	1.52%	1,635,509	$162M	trimmed−1%	−0.29 pp	22 q
DVNDevon Energy Corporation	1.48%	3,317,879	$157M	trimmed−0%	−0.02 pp	8 q
EBAYeBay Inc	1.48%	2,936,343	$158M	trimmed−1%	+0.08 pp	10 q
LMTLockheed Martin Corp.	1.45%	331,288	$155M	trimmed−0%	+0.09 pp	14 q
BKNGBooking Holdings Inc.	1.43%	38,473	$152M	trimmed−2%	+0.15 pp	22 q
WFCWells Fargo & Co.	1.40%	2,505,130	$149M	trimmed−1%	+0.08 pp	45 q
KVUEKenvue Inc.	1.39%	8,148,773	$148M	added+30%	+0.18 pp	4 q
LHXL3Harris Technologies, Inc.	1.37%	647,983	$146M	trimmed−1%	+0.12 pp	14 q
AWIArmstrong World Industries, Inc.	1.17%	1,100,527	$125M	trimmed−1%	−0.07 pp	14 q
ORCLOracle Corp	1.17%	883,535	$125M	trimmed−3%	+0.14 pp	45 q
KELKellanova	1.16%	2,141,913	$124M	added0%	+0.06 pp	2 q
CLColgate-Palmolive Company	1.08%	1,186,700	$115M	trimmed−1%	+0.11 pp	45 q
SYYSysco Corporation	0.99%	1,471,156	$105M	trimmed−1%	−0.09 pp	45 q
FOXAFox Corporation Class A	0.84%	2,590,597	$89M	trimmed−0%	+0.11 pp	22 q
GSGoldman Sachs Group Inc.	0.67%	157,306	$71M	trimmed−17%	−0.05 pp	45 q
DARDarling Ingredients Inc.	0.65%	1,882,834	$69M	added0%	−0.14 pp	2 q
WBDWarner Bros. Discovery, Inc. Series A	0.57%	8,152,369	$61M	added+1%	−0.06 pp	9 q
CSCOCisco Systems, Inc. (DE)	0.55%	1,225,258	$58M	added0%	0.00 pp	45 q
CMCSAComcast Corp	0.52%	1,421,000	$56M	trimmed−1%	−0.04 pp	35 q
GLWCorning Incorporated	0.43%	1,181,000	$46M	trimmed−0%	+0.08 pp	45 q
EMBCEmbecta Corp.	0.33%	2,815,386	$35M	trimmed−0%	−0.01 pp	9 q
MASMasco Corporation	0.29%	458,348	$31M	trimmed−1%	−0.04 pp	4 q
UHALU-Haul Holding Company	0.27%	468,404	$29M	trimmed−1%	−0.02 pp	26 q
XOMExxon Mobil Corp	0.18%	162,485	$19M	added+35%	+0.05 pp	45 q
unresolvedUnilever Spn.Adr 1:1	0.15%	297,868	$16M	trimmed−1%	+0.01 pp	15 q
NWSNews Corporation Class B	0.14%	515,320	$15M	trimmed−2%	+0.01 pp	18 q
EAFGrafTech International Ltd.	0.13%	13,759,549	$13M	trimmed−6%	−0.05 pp	24 q
BRK.ABerkshire Hathaway Inc.	0.08%	14	$9M	held	—	45 q
TDYTeledyne Technologies Incorporated	0.06%	16,500	$6M	held	—	2 q
FHBFirst Hawaiian, Inc.	0.05%	272,894	$6M	trimmed−73%	−0.15 pp	18 q
MAMastercard Incorporated	0.05%	11,130	$5M	held	—	18 q
CLXClorox Company	0.04%	31,100	$4M	held	—	45 q
HSYThe Hershey Company	0.04%	21,950	$4M	held	—	25 q
MUMicron Technology, Inc.	0.04%	30,000	$4M	trimmed−88%	−0.21 pp	24 q
LEGHLegacy Housing Corporation	0.03%	130,000	$3M	trimmed−19%	0.00 pp	17 q
MSCIMSCI, Inc.	0.03%	7,110	$3M	new	+0.03 pp	new
MCOMoody's Corporation	0.03%	7,670	$3M	held	—	9 q
SPYState Street SPDR S&P 500 ETF Trust	0.03%	5,817	$3M	trimmed−2%	0.00 pp	11 q
AONAon plc Class A	0.03%	11,670	$3M	held	—	2 q
CRMTAmerica's Car Mart Inc	0.02%	29,000	$2M	trimmed−17%	0.00 pp	9 q
VZVerizon Communications	0.02%	52,000	$2M	trimmed−39%	−0.01 pp	4 q
GOLDGold.com, Inc.	0.01%	25,000	$809,250	trimmed−44%	0.00 pp	4 q
AMPYAmplify Energy Corp.	0.01%	235,000	$2M	held	—	14 q
CATOCato Corp	0.01%	105,445	$584,165	held	—	14 q
NTRSNorthern Trust Corp	0.01%	9,500	$797,810	held	—	4 q
PMPhilip Morris International Inc.	0.01%	7,301	$739,810	held	—	45 q
RDIReading International, Inc Class A	0.01%	500,000	$710,000	held	—	32 q
MOAltria Group, Inc.	0.00%	4,900	$223,195	trimmed−16%	0.00 pp	45 q
PXDPioneer Natural Resource Co.	—	−307,400	—	exited	−0.73 pp	—
VVISA Inc.	—	−732	—	exited	0.00 pp	—