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 U-Haul Holding Company (NYSE:UHAL). U-Haul Holding Company (NYSE:UHAL) is a leading do-it-yourself moving and storage operator for household and commercial goods across the United States and Canada. On May 22, 2026, U-Haul Holding Company (NYSE:UHAL) closed at $51.55 per share. One-month return of U-Haul Holding Company (NYSE:UHAL) was -1.96%, and its shares lost 16.84% over the past 52 weeks. U-Haul Holding Company (NYSE:UHAL) has a market capitalization of $9.79 billion.
Yacktman Focused Fund stated the following regarding U-Haul Holding Company (NYSE:UHAL) in its Q1 2026 investor letter:
“U-Haul Holding Company (NYSE:UHAL) detracted from performance, but we saw evidence of the value of U-Haul’s large self-storage business late in the first quarter. Public Storage® announced the acquisition of the number five competitor, National Storage Affiliates, both self-storage real estate investment trusts (REITs). U-Haul does not break out detailed financials for its trucking versus its self-storage business. Applying the valuation methodology of the National Storage acquisition to U-Haul’s self-storage business suggests that all of U-Haul’s market capitalization can be attributed to the self-storage business, not counting the truck rental business that is synonymous with “U-Haul.” The company continues to invest cash flow like business owners with a long-term perspective.”
U-Haul Holding Company (NYSE:UHAL) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 46 hedge fund portfolios held U-Haul Holding Company (NYSE:UHAL) at the end of the fourth quarter, up from 39 in the previous quarter. While we acknowledge the risk and potential of U-Haul Holding Company (NYSE:UHAL) 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 U-Haul Holding Company (NYSE:UHAL) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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.
