13F filing recap · Q4 2025

What did Yacktman Asset Management buy in Q4 2025?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Yacktman-managed account, including accounts that belong to no fund below.

Stock value

$7.14B

Positions

Estimated turnover

8.6%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Yacktman Asset Management opened new positions in Ishares, SPDR Series Trust, and Unilever, while exiting a separate Unilever stake. The firm trimmed Canadian Natural Resources and State Street moderately, and reduced Warner Bros. Discovery substantially. It also added to the SPDR S&P 500 ETF Trust and Legacy Housing dramatically.

New positions

EWYIshares, Inc.$111.28Mreported value+1.14M shares BILSPDR Series Trust$15.34Mreported value+167.9K shares ULUnilever PlcMIXED CORP ACTION$12.81Mreported value+195.8K shares

Increased positions

EMBCEmbecta Corp.$26.88Mreported value+71.2K shares+3.2%SPYSPDR S&P 500 ETF Trust$21.88Mreported value+27.6K shares+618.4%FICOFair Isaac Corp$4.64Mreported value+210 shares+8.3%CPRTCopart, Inc.$3.92Mreported value+25.0K shares

Reduced positions

CNQCanadian Natural Resources Limited$635.55Mreported value-2.13M shares-10.2%MSFTMicrosoft Corporation$466.13Mreported value-64.2K shares-6.2%SCHWSchwab Charles Corp$393.30Mreported value-258.1K shares-6.2%FOXFox Corporation$361.65Mreported value-228.9K shares

Exited positions

ULUnilever PlcMIXED CORP ACTION$13.97Mprior reported value-235.7K shares-100.0%