YACKTMAN ASSET MANAGEMENT LP's Q3 2023 13F: 5 new positions, 2 exits
Form 13F-HR for the quarter ended Sep 30, 2023 · filed Nov 1, 2023 · 70 reported positions · accession 0000905567-23-000006
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | Booking Hldgs Inc. Com (BKNG) | 3.0% | 1.8% | −1.3 pts | −60,403 sh | −51% |
| Reduced | Weatherford International PLC (WFRD) | 2.4% | 2.0% | −0.4 pts | −1.59M sh | −42% |
| New | Kenvue Inc (KVUE) | — | 0.7% | +0.7 pts | +3.77M sh | new |
| Reduced | Johnson & Johnson (JNJ) | 3.1% | 2.3% | −0.8 pts | −479K sh | −24% |
| Exited | Univar Solutions Inc. (UNVR) | 0.7% | — | −0.7 pts | −2M sh | −100% |
| Reduced | Microsoft Corp. (MSFT) | 6.2% | 5.5% | −0.7 pts | −144K sh | −8% |
| Exited | MSC Industrial Direct Co. (MSM) | 0.3% | — | −0.3 pts | −291K sh | −100% |
| Increased | U-Haul Holding Company Class B (UHALB) | 3.3% | 3.8% | +0.5 pts | +497K sh | +7% |
| New | Masco Corporation (MAS) | — | 0.2% | +0.2 pts | +366K sh | new |
| Reduced | Micron Technology Inc (MU) | 0.4% | 0.3% | −0.1 pts | −267K sh | −40% |
| Reduced | Berkshire Hathaway A (BRK-A) | 0.2% | 0.1% | −0.1 pts | −19 sh | −58% |
| Reduced | Berkshire Hathaway B (BRK-B) | 2.3% | 2.4% | +0.1 pts | −14,086 sh | −2% |
| New | Verizon Commun. (VZ) | — | 0.0% | 0.0 pts | +150K sh | new |
| Reduced | Reliance Steel & Aluminum Co. (RS) | 3.2% | 3.2% | 0.0 pts | −16,954 sh | −1% |
| Increased | Ebay Inc. (EBAY) | 1.2% | 1.3% | +0.1 pts | +59,007 sh | +2% |
| Reduced | U-Haul Holding Company (UHAL) | 0.4% | 0.4% | 0.0 pts | −40,837 sh | −6% |
| Reduced | Procter & Gamble (PG) | 3.8% | 3.8% | 0.0 pts | −14,533 sh | −1% |
| Reduced | Alphabet Inc. (GOOG) | 4.7% | 5.4% | +0.6 pts | −15,296 sh | 0% |
| Reduced | Canadian Natural Resources Ltd (CNQ) | 8.1% | 9.6% | +1.6 pts | −29,202 sh | 0% |
| Increased | Spdr S&P 500 ETF (SPY) | 0.0% | 0.0% | 0.0 pts | +4,011 sh | +97% |
| Increased | Devon Energy Corp (DVN) | 1.4% | 1.4% | 0.0 pts | +31,230 sh | +1% |
| Reduced | Fox Corp B (FOX) | 2.6% | 2.5% | −0.2 pts | −47,704 sh | −1% |
| Reduced | Oracle Corporation (ORCL) | 1.6% | 1.4% | −0.1 pts | −12,248 sh | −1% |
| Reduced | Cognizant Technology Solutions (CTSH) | 3.3% | 3.6% | +0.2 pts | −18,343 sh | 0% |
| New | A-Mark Precious Metals, Inc. (GOLD) | — | 0.0% | 0.0 pts | +37,000 sh | new |
| Reduced | Charles Schwab Corp (SCHW) | 3.4% | 3.4% | 0.0 pts | −18,799 sh | 0% |
| Reduced | Ingredion Inc (INGR) | 2.2% | 2.2% | −0.1 pts | −10,461 sh | 0% |
| Reduced | Olin Corp (OLN) | 2.1% | 2.1% | 0.0 pts | −18,681 sh | 0% |
| Reduced | Northrop Grumman Corp (NOC) | 1.8% | 1.8% | 0.0 pts | −1,891 sh | 0% |
| Reduced | State Street Corp (STT) | 2.4% | 2.3% | −0.1 pts | −11,342 sh | 0% |
| New | Northern Trust Corp. (NTRS) | — | 0.0% | 0.0 pts | +9,500 sh | new |
| Reduced | America's CAR MART Inc (CRMT) | 0.0% | 0.0% | 0.0 pts | −7,000 sh | −26% |
| Reduced | Elevance Health, Inc. (ELV) | 1.6% | 1.7% | 0.0 pts | −1,369 sh | 0% |
| Reduced | Cisco Systems Inc. (CSCO) | 0.7% | 0.7% | 0.0 pts | −10,924 sh | −1% |
| Reduced | News Corp Cl A (NWSA) | 3.1% | 3.3% | +0.2 pts | −28,518 sh | 0% |
| Reduced | Wells Fargo & Co (WFC) | 1.0% | 1.0% | 0.0 pts | −13,891 sh | −1% |
| Reduced | Armstrong World Industries (AWI) | 0.8% | 0.8% | 0.0 pts | −7,848 sh | −1% |
| Reduced | PepsiCo, Inc. (PEP) | 4.5% | 4.3% | −0.2 pts | −3,305 sh | 0% |
| Reduced | BNY Mellon Corp. (BK) | 1.6% | 1.6% | 0.0 pts | −12,111 sh | 0% |
| Reduced | Tyson Foods Inc (TSN) | 1.5% | 1.5% | 0.0 pts | −9,336 sh | 0% |
| Increased | Coca-Cola Co. (KO) | 1.5% | 1.4% | 0.0 pts | +8,132 sh | 0% |
| Increased | Embecta Corp (EMBC) | 0.5% | 0.4% | −0.1 pts | +29,352 sh | +1% |
| Reduced | Amplify Energy Corp (AMPY) | 0.0% | 0.0% | 0.0 pts | −45,000 sh | −16% |
| Reduced | Exxon Mobil Corp. (XOM) | 0.2% | 0.2% | 0.0 pts | −2,800 sh | −2% |
| Increased | Graftech International LTD (EAF) | 0.4% | 0.4% | −0.1 pts | +85,681 sh | +1% |
| Reduced | Comcast Cl A (CMCSA) | 0.6% | 0.6% | +0.1 pts | −7,000 sh | 0% |
| Reduced | Unilever PLC ADR (UL) | 0.2% | 0.1% | 0.0 pts | −5,771 sh | −2% |
| Increased | Clorox Company (CLX) | 0.0% | 0.0% | 0.0 pts | +2,000 sh | +7% |
| Reduced | Walt Disney Company (DIS) | 1.4% | 1.3% | −0.1 pts | −2,643 sh | 0% |
| Reduced | Fox Corp A (FOXA) | 0.8% | 0.8% | 0.0 pts | −6,798 sh | 0% |
The 50 largest of 66 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 45.9% of the equity book
Changes in the top 10 this quarter: NWSA entered · JNJ left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Canadian Natural Resources Ltd (CNQ) | 8.1% | 9.6% | |
| 2 | Microsoft Corp. (MSFT) | 6.2% | 5.5% | |
| 3 | Alphabet Inc. (GOOG) | 4.7% | 5.4% | |
| 4 | PepsiCo, Inc. (PEP) | 4.5% | 4.3% | |
| 5 | U-Haul Holding Company Class B (UHALB) | 3.3% | 3.8% | |
| 6 | Procter & Gamble (PG) | 3.8% | 3.8% | |
| 7 | Cognizant Technology Solutions (CTSH) | 3.3% | 3.6% | |
| 8 | Charles Schwab Corp (SCHW) | 3.4% | 3.4% | |
| 9 | News Corp Cl A (NWSA) | 3.1% | 3.3% | Entered the top 10 |
| 10 | Reliance Steel & Aluminum Co. (RS) | 3.2% | 3.2% | |
| — | Johnson & Johnson (JNJ) | 3.1% | 2.3% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).