Yacktman Asset Management demonstrated a clear strategic approach in the fourth quarter of 2025, actively adjusting its $7.14 billion 13F portfolio. The firm maintained a deliberate focus on a select group of core assets, with its top five investments collectively representing about 32% of the entire portfolio. This concentration underscores Yacktman's conviction in its high-priority holdings, even as it made tactical shifts within its broader investment landscape.
A significant decision during this period involved reducing exposure to Canadian Natural Resources, which remained the largest individual holding. This move was prompted by the stock's performance, as its market price surpassed the firm's historical cost basis, signaling a prudent approach to realizing gains. Furthermore, Yacktman engaged in substantial reductions across other prominent positions, including CTSH, STT, and WBD. These actions suggest a broader strategy of profit-taking and re-evaluation of portfolio allocations, aiming to optimize returns and manage risk effectively. Concurrently, the firm initiated a new position in the iShares MSCI South Korea ETF, indicating an opportunistic foray into a new market segment. This investment, which now accounts for 1.56% of the portfolio, has already shown considerable appreciation, validating Yacktman's forward-looking investment acumen.
These calculated adjustments by Yacktman Asset Management reflect a disciplined and dynamic investment philosophy. By carefully monitoring market valuations and rebalancing its holdings, the firm aims to safeguard and enhance its portfolio's performance. The ability to identify undervalued opportunities, like the South Korea ETF, while also judiciously managing existing positions demonstrates a comprehensive approach to capital stewardship. Such a strategy not only adapts to evolving market conditions but also fosters sustained growth and resilience for its investors.