Donald Yacktman - Yacktman Asset Management Investment Strategy & Portfolio Analysis

According to the SEC 13F filed on Nov 02, 2026, Donald Yacktman's Yacktman Asset Management portfolio reflects a quant / systematic investor approach across 74 reported 13F positions as of quarter-end Sep 30, 2026. Portfolio returns are led by Canadian Natural Resources Limi (~9% of total exposure), with the top five holdings representing approximately 31% of reported value. The portfolio maintains structural breadth across 74 positions, with economic weighting tilted toward large-cap financial and consumer defensive names. Exposure to high-growth and technology-oriented segments remains limited relative to peers, with performance instead anchored in durable, cash-generating businesses across consumer staples, financials, and energy. The portfolio exhibits extremely low turnover, reinforcing a long-term capital allocation approach centered on high-conviction, long-duration holdings. Distinctive traits include Long-Term Holder, Broadly Diversified, Structurally Diversified.