Stephen Yacktman Yacktman Asset Management
Stephen Yacktman is a senior portfolio manager at Yacktman Asset Management, continuing a value-oriented tradition associated with the Yacktman name. The firm is known for focusing on high-quality businesses purchased at sensible prices and for a long-term ownership mindset. Its funds and separate accounts are widely followed in the U.S. value community.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kenvue
KVUE
|
+$32.7M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$22.1M |
| 3 |
Diamondback Energy
FANG
|
+$10.3M |
| 4 |
EOG Resources
EOG
|
+$10.2M |
| 5 |
Devon Energy
DVN
|
+$9.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Weatherford International
WFRD
|
+$78.3M |
| 2 |
Microsoft
MSFT
|
+$48.5M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$42.3M |
| 4 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$37.8M |
| 5 |
Booking.com
BKNG
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 20.37% |
| 2 | Consumer Staples | 15.89% |
| 3 | Communication Services | 14.75% |
| 4 | Financials | 13.03% |
| 5 | Technology | 11.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Canadian Natural Resources
CNQ
$106B
| $978M | 9.1% |
29,859,584
-298,922
| -1% | -$9.68M |
|
|
2
Microsoft
MSFT
$3.59T
| $615M | 5.72% |
1,636,655
-136,340
| -8% | -$48.5M |
|
|
3
Alphabet (Google) Class C
GOOG
$4.18T
| $537M | 4.99% |
3,808,388
-311,766
| -8% | -$42.3M |
|
4
U-Haul Holding Co Series N
UHAL.B
$12.3B
| $521M | 4.85% |
7,398,460
-9,307
| -0.1% | -$506K |
|
|
SCHW
5
Charles Schwab
SCHW
$194B
| $435M | 4.04% |
6,316,361
-39,752
| -0.6% | -$2.3M |
|
6
PepsiCo
PEP
$196B
| $431M | 4.01% |
2,536,865
-20,382
| -0.8% | -$3.38M |
|
7
News Corp Class A
NWSA
$16.4B
| $411M | 3.82% |
16,739,790
-188,016
| -1% | -$4.08M |
|
8
Cognizant
CTSH
$27.9B
| $391M | 3.63% |
5,173,699
-184,374
| -3% | -$12.7M |
|
9
Procter & Gamble
PG
$336B
| $370M | 3.44% |
2,523,944
-135,572
| -5% | -$20.1M |
|
10
Reliance Steel & Aluminium
RS
$19.8B
| $339M | 3.15% |
1,211,704
-18,813
| -2% | -$5M |
|
11
State Street
STT
$51.4B
| $265M | 2.46% |
3,419,857
-61,845
| -2% | -$4.31M |
|
|
PXD
12
DELISTED
Pioneer Natural Resource Co.
PXD
| $251M | 2.33% |
1,114,110
-161,336
| -13% | -$37.8M |
|
13
Berkshire Hathaway Class B
BRK.B
$1.06T
| $244M | 2.27% |
683,980
-9,324
| -1% | -$3.27M |
|
14
Ingredion
INGR
$6.74B
| $240M | 2.24% |
2,215,434
-8,355
| -0.4% | -$838K |
|
15
Fox Class B
FOX
$25.6B
| $238M | 2.21% |
8,597,368
-118,996
| -1% | -$3.34M |
|
16
Johnson & Johnson
JNJ
$651B
| $238M | 2.21% |
1,516,513
-6,504
| -0.4% | -$997K |
|
|
17
Diamondback Energy
FANG
$59B
| $236M | 2.19% |
1,520,447
+65,524
| +5% | +$10.3M |
|
18
Olin
OLN
$2.1B
| $230M | 2.14% |
4,261,861
-34,987
| -0.8% | -$1.68M |
|
|
19
EOG Resources
EOG
$80.3B
| $216M | 2.01% |
1,789,433
+82,302
| +5% | +$10.2M |
|
20
ConocoPhillips
COP
$162B
| $211M | 1.96% |
1,817,864
-5,045
| -0.3% | -$590K |
|
|
BNY
21
Bank of New York Mellon
BNY
$108B
| $197M | 1.83% |
3,778,855
-14,025
| -0.4% | -$646K |
|
22
Northrop Grumman
NOC
$78.3B
| $190M | 1.77% |
405,617
-2,331
| -0.6% | -$1.09M |
|
23
Elevance Health
ELV
$86.9B
| $182M | 1.69% |
385,821
-1,561
| -0.4% | -$722K |
|
|
24
Booking.com
BKNG
$158B
| $165M | 1.54% |
1,165,750
-275,400
| -19% | -$34.3M |
|
25
Tyson Foods
TSN
$20.6B
| $162M | 1.51% |
3,022,422
-31,981
| -1% | -$1.55M |
|
Similar funds
Stephen Yacktman's Q4 2023 Portfolio in Review
As of Q4 2023, Stephen Yacktman held 70 positions worth $10.8B, up 6% from $10.1B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Trading was light in Q4 2023: portfolio turnover was 0%. Stephen Yacktman opened no new positions and made no exits, leaving the 70-position portfolio largely intact.
By sector, the portfolio is most concentrated in Energy at 20% of assets, down from 23% a quarter earlier, followed by Consumer Staples and Communication Services.
- Stephen Yacktman added most to Kenvue in Q4 2023, an estimated $32.7M increase.
- Stephen Yacktman's biggest Q4 2023 reduction was Weatherford International, cutting an estimated $78.3M.
- Stephen Yacktman's ten largest holdings make up 47% of its $10.8B portfolio in Q4 2023.
- Stephen Yacktman opened 0 new positions and closed 0 in Q4 2023.
- Stephen Yacktman's portfolio value rose 6% quarter-over-quarter to $10.8B.
Based on Yacktman Asset Management's 13F filing for Q4 2023, filed 2 Feb 2024.