Donald Yacktman Portfolio

After graduating from Harvard Business School, Donald Yacktman began his investment career in 1968 at Stein Roe and Farnham. After 14 years as a portfolio manager, he left to go to Vincent Chesley's firm. He was so successful that he got Morningstar’s award best portfolio manager 1991. Yacktman founded the company Yacktman Asset Management in 1992 and his son Stephen joined a year later. Since then his son has increasingly taken on responsibility for managing it. In 1999 they became equal partners in the company. Their strategy is to look for stocks that are sustainable for a very long time, they call it "Risk Adjusted Forward Returns". They look at the growth rate, profitability, and reinvestment rates to determine probabilities for future returns.
Donald Yacktman portfolio overview: a focused investment approach centered on large-cap, durable U.S. and Canadian growth/quality stocks—often balancing tech innovation with financial strength. In this investor’s stock investments portfolio, the top five holdings reflect diversified exposure across technology, brokerage, consumer/enterprise platforms, and energy.
1) Canadian Natural Resources Ltd.: Energy investment for cash-flow resilience tied to commodity cycles, reflecting a willingness to include resource-based stocks alongside technology and finance.
2) Microsoft Corporation: Core technology investment aligned with long-term software and cloud adoption trends; indicates preference for established platform leaders within the broader market of blue-chip stocks.
3) Berkshire Hathaway Inc. (Ordinary Shares – Class B): Value-and-quality investment via a diversified holding company model; suggests emphasis on compounding potential, capital discipline, and resilient business mix.
4) Charles Schwab Corp.: Financial services investment capturing ongoing demand for brokerage, advisory, and wealth management products; fits an approach that values scalable income-generating franchises among stocks.
5) Alphabet Inc. (Ordinary Shares – Class C): Technology and advertising ecosystem investment targeting growth from search, AI-enabled services, and digital reach; signals conviction in dominant platforms and innovation-driven returns within a portfolio of major market leaders.
Overall, Donald Yacktman’s investment choices highlight concentration in high-quality, widely followed public stocks, combining tech leadership with financial durability and selective energy exposure—aimed at steady long-term portfolio performance.