Yachtman Asset Management released its first-quarter 2026 investor letter for its AMG “Yacktman Focused Fund”. A copy of the letter is available to download here. The Fund returned 10.37% for the first quarter, outperforming both the Russell 1000® Value Index and the S&P 500 Index, which returned 2.10% and -4.33%, respectively. The U.S. markets continue to post new highs, with the S&P 500® having compounded at mid-twenties percent returns from 2023 to 2025. The letter noted that there are no indications of a slowdown in the US market, despite significant geopolitical events. The Fund remains disciplined, investing in companies and building a portfolio of strong, risk-adjusted returns throughout the market cycle, emphasizing a long-term strategy for differentiated returns. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Yacktman Focused Fund highlighted stocks like Fox Corporation (NASDAQ:FOXA). Fox Corporation (NASDAQ:FOXA) is an American media company that operates across cable network programming, broadcast television, digital platforms, and entertainment production. On May 22, 2026, Fox Corporation (NASDAQ:FOXA) closed at $63.98 per share. One-month return of Fox Corporation (NASDAQ:FOXA) was 0.19%, and its shares gained 16.24% over the past 52 weeks. Fox Corporation (NASDAQ:FOXA) has a market capitalization of $25.7 billion.
Yacktman Focused Fund stated the following regarding Fox Corporation (NASDAQ:FOXA) in its Q1 2026 investor letter:
“Fox Corporation (NASDAQ:FOXA) was another detractor in the first quarter after a period of strong share price performance. We have been a long-term investor in this company with the strong competitive position of Fox News which is focused on the conservative viewership segment of the market, its Fox Sports business and its Tubi business—a “free TV” business that is benefitting from the long-term shift away from cable television.”
Fox Corporation (NASDAQ:FOXA) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 51 hedge fund portfolios held Fox Corporation (NASDAQ:FOXA) at the end of the fourth quarter, up from 43 in the previous quarter. While we acknowledge the risk and potential of Fox Corporation (NASDAQ:FOXA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Fox Corporation (NASDAQ:FOXA) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Fox Corporation (NASDAQ:FOXA) and shared TCW Relative Value Mid Cap Fund’s views on the company. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
