YACKTMAN ASSET MANAGEMENT LP

Long Only Manager • Value

YACKTMAN ASSET MANAGEMENT LP is a Value-focused institution based in Austin, TX led by Molly Mcfarland Pieroni, reporting $13.2B in AUM as of Q3 2025 with CNQ as the largest holding (9% allocation).

PresidentMolly Mcfarland Pieroni

Portfolio Value: $7.3B
Positions: 70
Top Holding: CNQ at 9.21%
Last Reported: Q3 2025

Address6300 Bridge Point Parkway, Building 1 Suite 500, Austin, TX, 78730-5073, United States

Top Holdings

Largest long holdings in YACKTMAN ASSET MANAGEMENT LP's portfolio (49.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Canadian Natural Resources CNQ	Oil & Gas Exploration & Production Energy	$668.2M	9.21%	-$38.9M Sold	1.00% 20.9M shares	Q1 2021 Held for 4y 8m
2 Microsoft MSFT	Software - Infrastructure Technology	$532.5M	7.34%	-$40.0M Sold	0.01% 1.0M shares	≤ Q2 2013 Held for 12y 5m+
3 Charles Schwab Corporation SCHW	Financial - Capital Markets Financial Services	$400.5M	5.52%	-$35.4M Sold	0.23% 4.2M shares	Q2 2019 Held for 6y 5m
4 Fox Corporation FOX	Entertainment Communication Services	$332.2M	4.58%	-$24.5M Sold	1.30% 5.8M shares	Q1 2019 Held for 6y 8m
5 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$298.4M	4.11%	-$11.8M Sold	0.08% 1.9M shares	≤ Q2 2013 Held for 12y 5m+
6 U-Haul Holding UHAL.B	Rental & Leasing Services Industrials	$295.3M	4.07%	-$9.4M Sold	3.09% 5.8M shares	Q4 2022 Held for 2y 11m
7 PepsiCo PEP	Beverages - Non-Alcoholic Consumer Defensive	$289.4M	3.99%	-$6.6M Sold	0.15% 2.1M shares	≤ Q2 2013 Held for 12y 5m+
8 Alphabet Inc. GOOG	Internet Content & Information Communication Services	$284.1M	3.91%	-$27.9M Sold	0.01% 1.2M shares	Q1 2019 Held for 6y 8m
9 Johnson & Johnson JNJ	Drug Manufacturers - General Healthcare	$238.7M	3.29%	-$14.1M Sold	0.05% 1.3M shares	≤ Q2 2013 Held for 12y 5m+
10 News Corporation NWSA	Entertainment Communication Services	$227.9M	3.14%	-$21.4M Sold	1.32% 7.4M shares	Q2 2019 Held for 6y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in YACKTMAN ASSET MANAGEMENT LP's latest filing

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Market Value

$7.3B

Prior: $7.4B

Q/Q Change

-2.5%

-$186.0M

Net Flows % of MV

-7.43%

Turnover Ratio

4.21%

New Purchases

4 stocks

$14.0M

Added To

4 stocks

+$21.6M

Sold Out Of

5 stocks

$47.2M

Reduced Holdings

52 stocks

-$527.7M

Increased Positions

Position	Shares Δ	Change
1 Fair Isaac FICO	New	0 → 2.5K +$3.8M
2 Marsh & McLennan Companies MMC	New	0 → 17.3K +$3.5M
3 Copart CPRT	New	0 → 75.2K +$3.4M
4 Verisk Analytics, Inc. VRSK	New	0 → 13.2K +$3.3M
5 America's Car Mart CRMT	+1,109.09%	11.0K → 133.0K +$3.6M

Decreased Positions

Position	Shares Δ	Change
1 Oracle ORCL	Sold	105.8K → 0 −$23.1M
2 Berkshire Hathaway BRK.A	Sold	13.0 → 0 −$9.5M
3 Booking Holdings Inc. BKNG	Sold	1.1K → 0 −$6.5M
4 Hershey HSY	Sold	38.3K → 0 −$6.3M
5 Exxon Mobil XOM	Sold	16.4K → 0 −$1.8M