YACKTMAN ASSET MANAGEMENT LP
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 21 quarters, returned +4.0% per quarter — versus +3.8% per quarter from simply owning every 13F stock. It beat that baseline in only 42.9% of quarters (excess t = -0.65, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 76 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| CNQ | $806M | | TRIM |
| MSFT | $368M | | ADD |
| SCHW | $367M | | HOLD |
| GOOG | $323M | | HOLD |
| PEP | $315M | | HOLD |
| JNJ | $305M | | HOLD |
| FOX | $296M | | HOLD |
| PG | $279M | | HOLD |
| UHAL/B | $270M | | ADD |
| RS | $211M | | HOLD |
| COP | $209M | | ADD |
| FANG | $199M | | HOLD |
| CTSH | $185M | | HOLD |
| NWSA | $184M | | HOLD |
| EOG | $177M | | ADD |
| INGR | $162M | | HOLD |
| TSN | $161M | | HOLD |
| KO | $160M | | HOLD |
| BRK/B | $151M | | HOLD |
| LHX | $141M | | HOLD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.