Donald Yacktman Q1 2026 Portfolio Analysis: Energy Reduction, Tech & Consumer Gains
Donald Yacktman's portfolio saw a significant reduction in Energy holdings while showing modest increases in Technology and Consumer Defensive stocks during the first quarter of 2026.
As of March 31, 2026, Donald Yacktman's portfolio managed by Yacktman Asset Management showed notable shifts in its top holdings, reflecting strategic adjustments in specific sectors.
The most significant change observed during this quarter was a reduction in the Energy sector. Canadian Natural Resources Limited (CNQ), a key position, saw a decrease of 11.9% in its share count, translating to a substantial reduction in its portfolio allocation from 10.75% to 9.55% (based on the share change). Investors can explore this position further at CNQ.
Conversely, the Technology sector showed a modest increase with Microsoft Corporation (MSFT). The position increased by 3.02% in shares, maintaining its allocation around the 4.9% mark. Details on MSFT are available at MSFT.
In the Consumer Defensive sector, both PepsiCo (PEP) and Procter & Gamble (PG) experienced slight share increases, though their percentage changes were minimal (-0.03% and +0.67% respectively). P&G's allocation slightly increased from 3.72% to approximately 3.73%. More information on PEP can be found at PEP and on PG at PG.
Other sectors also saw minor adjustments. Communication Services holdings, represented by Alphabet (GOOG) and Fox Corporation (FOX), decreased slightly (-0.29% and -0.06% respectively). Healthcare saw a very minor decrease with Johnson & Johnson (JNJ). Basic Materials (RS) and Industrials (UHAL-B) showed small increases. The investor's full profile is available at Yacktman Asset Management.
No new positions were disclosed in this period, and no positions appear to have been fully exited from the top holdings list provided.