In a significant portfolio shift, Yacktman Asset Management dramatically increased its holding in financial software company Intuit (INTU). According to a recent SEC disclosure, which reflects trades made by June 30, 2026, the firm's position grew from just 7.38K shares to over 491K. This increased the value of its stake from $3.19 million to $128.22 million.
This move comes as Intuit reported strong second-quarter fiscal 2026 results, beating earnings estimates and reiterating a positive full-year growth outlook. Investors should note that 13F filings are released with a delay, so this sizable investment by the value-oriented firm occurred in the quarter ending June 30, 2026.