Yacktman Asset Management LP

Yacktman Asset Management LP provides discretionary investment management and sub-advisory services primarily to high‑net‑worth individuals, pooled investment vehicles, mutual funds (as a sub‑adviser), and other institutional clients. The firm serves a concentrated client base—managing roughly $11.7 billion for about 626 clients—and participates in wrap programs and private pooled funds in addition to separately managed accounts.

The firm follows a research‑oriented, fundamental equity approach with a long‑term, disciplined investment philosophy that has been in place since 1992. Portfolios are constructed using fundamental analysis across domestic and foreign equities and may include fixed income, convertibles, and options, with portfolio customization available to reflect client objectives and restrictions.

Yacktman is atypical for a large enterprise adviser in several ways: it generally requires very large minimum account sizes (the brochure cites a $100 million guideline), bills primarily as a percentage of assets under management rather than offering fixed‑fee arrangements, and operates with a very small advisory team relative to its assets under management. The firm is majority‑owned by Affiliated Managers Group and routinely acts as a sub‑adviser to AMG‑sponsored funds while also sponsoring and holding interests in private pooled vehicles, arrangements that the firm discloses and manages through internal conflict‑of‑interest controls.