Q1 2023 was, like last quarter, one of volatility. A mini-financial crisis in Silicon Valley served as a good reminder for investors that the risks you take matter. In Yacktman’s view, the market environment feels similar to the late 90s and early 2000, when the overall market was expensive with several perceived risks.

Watch the video as the investment management team of Stephen Yacktman, Jason Subotky, Adam Sues, and Molly Pieroni shares insights on the portfolio.

Topics covered include:

• Position changes during the quarter
• Current holdings
• Market outlook