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 |
TLN
Talen Energy Corp
TLN
|
+$62.7M |
| 2 |
Kenvue
KVUE
|
+$4.82M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$664K |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$511K |
| 5 |
Visa
V
|
+$198K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$237M |
| 2 |
K
Kellanova
K
|
+$124M |
| 3 |
Microsoft
MSFT
|
+$122M |
| 4 |
News Corp Class A
NWSA
|
+$64.3M |
| 5 |
PepsiCo
PEP
|
+$55.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 18.54% |
| 2 | Energy | 17.01% |
| 3 | Communication Services | 14.15% |
| 4 | Financials | 13.08% |
| 5 | Industrials | 12.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Canadian Natural Resources
CNQ
$106B
| $963M | 9.88% |
29,006,951
-449,795
| -2% | -$15.7M |
|
|
2
Microsoft
MSFT
$3.59T
| $537M | 5.51% |
1,248,427
-284,382
| -19% | -$122M |
|
3
U-Haul Holding Co Series N
UHAL.B
$12.3B
| $454M | 4.66% |
6,312,011
-748,913
| -11% | -$48.7M |
|
4
Procter & Gamble
PG
$336B
| $378M | 3.88% |
2,182,456
-263,618
| -11% | -$44.8M |
|
|
5
PepsiCo
PEP
$196B
| $368M | 3.78% |
2,166,715
-321,644
| -13% | -$55.3M |
|
6
Cognizant
CTSH
$27.9B
| $356M | 3.65% |
4,615,785
-291,356
| -6% | -$21.7M |
|
|
7
Alphabet (Google) Class C
GOOG
$4.18T
| $356M | 3.65% |
2,129,249
-1,401,206
| -40% | -$237M |
|
|
SCHW
8
Charles Schwab
SCHW
$194B
| $350M | 3.59% |
5,404,281
-502,361
| -9% | -$33M |
|
|
9
News Corp Class A
NWSA
$16.4B
| $324M | 3.32% |
12,150,358
-2,367,144
| -16% | -$64.3M |
|
10
Fox Class B
FOX
$25.6B
| $310M | 3.18% |
7,998,680
-735,540
| -8% | -$26.5M |
|
|
11
Berkshire Hathaway Class B
BRK.B
$1.06T
| $268M | 2.75% |
583,195
-102,901
| -15% | -$45.5M |
|
12
State Street
STT
$51.4B
| $263M | 2.69% |
2,967,829
-255,528
| -8% | -$21.1M |
|
13
Reliance Steel & Aluminium
RS
$19.8B
| $260M | 2.66% |
897,949
-91,736
| -9% | -$26.3M |
|
14
Ingredion
INGR
$6.74B
| $254M | 2.6% |
1,844,704
-319,095
| -15% | -$40.6M |
|
15
Johnson & Johnson
JNJ
$651B
| $229M | 2.35% |
1,413,400
-93,440
| -6% | -$14.9M |
|
16
Diamondback Energy
FANG
$59B
| $219M | 2.25% |
1,269,831
-156,223
| -11% | -$30.1M |
|
17
EOG Resources
EOG
$80.3B
| $201M | 2.07% |
1,638,342
-149,386
| -8% | -$18.8M |
|
|
BNY
18
Bank of New York Mellon
BNY
$108B
| $197M | 2.02% |
2,747,378
-735,813
| -21% | -$48.4M |
|
19
Northrop Grumman
NOC
$78.3B
| $196M | 2.01% |
371,760
-3,530
| -0.9% | -$1.73M |
|
|
20
Kenvue
KVUE
$36.6B
| $194M | 1.99% |
8,381,404
+232,631
| +3% | +$4.82M |
|
21
Lockheed Martin
LMT
$130B
| $193M | 1.98% |
330,318
-970
| -0.3% | -$521K |
|
22
Olin
OLN
$2.1B
| $188M | 1.93% |
3,919,957
-292,186
| -7% | -$13M |
|
23
Elevance Health
ELV
$86.9B
| $178M | 1.83% |
343,138
-28,717
| -8% | -$15.3M |
|
24
ConocoPhillips
COP
$162B
| $177M | 1.82% |
1,684,232
-130,319
| -7% | -$14.3M |
|
25
eBay
EBAY
$46.3B
| $177M | 1.81% |
2,717,484
-218,859
| -7% | -$12.6M |
|
Similar funds
Stephen Yacktman's Q3 2024 Portfolio in Review
As of Q3 2024, Stephen Yacktman held 74 positions worth $9.75B, down 8.5% from $10.7B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Stephen Yacktman withdrew a net $1.34B in Q3 2024, closing 3 positions and reducing 53 holdings. Its most notable exit was Kellanova, an estimated $124M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 19% of assets, down from 19% a quarter earlier, followed by Energy and Communication Services.
Against the trend, Stephen Yacktman opened a new position in Talen Energy Corp worth $79.3M.
- Stephen Yacktman's largest Q3 2024 buy was Talen Energy Corp: 444,900 shares worth $79.3M.
- Stephen Yacktman added most to Kenvue in Q3 2024, an estimated $4.82M increase.
- Stephen Yacktman's biggest Q3 2024 reduction was Alphabet (Google) Class C, cutting an estimated $237M.
- Stephen Yacktman fully exited Kellanova in Q3 2024, selling an estimated $124M.
- Stephen Yacktman's ten largest holdings make up 45% of its $9.75B portfolio in Q3 2024.
- Stephen Yacktman opened 2 new positions and closed 3 in Q3 2024.
- Stephen Yacktman's portfolio value fell 8.5% quarter-over-quarter to $9.75B.
Based on Yacktman Asset Management's 13F filing for Q3 2024, filed 30 Oct 2024.