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 EOG Resources, Inc. (NYSE:EOG). EOG Resources, Inc. (NYSE:EOG) is a US-based oil and natural gas exploration and production company that offers crude oil and condensate, gathering, processing, and marketing. On May 22, 2026, EOG Resources, Inc. (NYSE:EOG) closed at $141.22 per share. One-month return of EOG Resources, Inc. (NYSE:EOG) was 6.01%, and its shares gained 23.42% over the past 52 weeks. EOG Resources, Inc. (NYSE:EOG) has a market capitalization of $75.22 billion.
Yacktman Focused Fund stated the following regarding EOG Resources, Inc. (NYSE:EOG) in its Q1 2026 investor letter:
“The energy companies in the portfolio contributed strongly to performance in the quarter: Canadian Natural Resources Limited (CNQ), ConocoPhillips Company, Diamondback Energy, and EOG Resources, Inc. (NYSE:EOG) All were beneficiaries of the oil price shocks associated with the conflict in the Middle East. In 2022 we added the other energy names at a time when the market cap of the entire sector was a fraction of the total market. These energy investments were designed in part to serve as a natural hedge in the face of geopolitical risks should they arise.”
EOG Resources, Inc. (NYSE:EOG) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 59 hedge fund portfolios held EOG Resources, Inc. (NYSE:EOG) at the end of the fourth quarter, compared to 61 in the previous quarter. While we acknowledge the potential of EOG Resources, Inc. (NYSE:EOG) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
