# Yacktman Asset Management LP

> Yacktman Asset Management LP is an SEC-registered investment advisory firm in Austin, TX, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 164420
- Filed as: YACKTMAN ASSET MANAGEMENT LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Austin, TX
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164420
- AdvisorCensus page: https://advisorcensus.com/firm/yacktman-asset-management-lp-austin-tx-164420

## Quick answers

**How is Yacktman Asset Management LP compensated?**
On its Form ADV (Item 5.E, October 2026), Yacktman Asset Management LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Yacktman Asset Management LP located?**
Yacktman Asset Management LP's principal office is in Austin, TX, according to its Form ADV.

**Is Yacktman Asset Management LP registered with the SEC or a state?**
Yacktman Asset Management LP is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164420.

**How much does Yacktman Asset Management LP manage?**
Yacktman Asset Management LP reports $11,712,361,735 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have Yacktman Asset Management LP's assets and staff changed since 2021?**
In the Form ADV data for Yacktman Asset Management LP: Regulatory assets under management: $14,667,179,617 in the October 2021 data and $11,712,361,735 in the October 2026 data, down 20%. Total employees: 17 in October 2021 and 19 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Yacktman Asset Management LP serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (626); pooled investment vehicles (other than investment companies and business development companies) (5); investment companies (4).

**Which custodians does Yacktman Asset Management LP use?**
Yacktman Asset Management LP's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Goldman Sachs & Co. LLC and UBS Financial Services Inc. as custodians holding 10% or more of its separately managed account assets.

**Does Yacktman Asset Management LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/164420

**What changed in Yacktman Asset Management LP's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $13,197,940,757 to $11,712,361,735 (-11%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Goldman Sachs & Co. LLC
- UBS Financial Services Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $11,712,361,735
- Discretionary: $11,707,206,102
- Non-discretionary: $5,155,633

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 626 | $1,337,616,823 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 4 | $9,632,290,879 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $664,279,154 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $78,174,879 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2012 (14 years)
- Employees: 19 total, 9 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, AZ, CA, CO, CT, DE, FL, GA, HI, IL, IN, KY, LA, MA, MD, MI, MN, NC, NE, NH, NJ, NV, NY, OK, PA, TN, TX, UT, WA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- yacktman.com
- LinkedIn @yacktman-asset-management-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $14,667,179,617 | 17 | May 12, 2021 |
| October 2022 | $18,344,936,042 | 18 | April 8, 2022 |
| October 2023 | $15,235,017,023 | 20 | March 27, 2023 |
| October 2024 | $16,182,551,870 | 20 | June 3, 2024 |
| October 2025 | $13,197,940,757 | 19 | May 22, 2025 |
| October 2026 | $11,712,361,735 | 19 | March 26, 2026 |

Regulatory assets under management: $14,667,179,617 in the October 2021 data and $11,712,361,735 in the October 2026 data, down 20%.
Total employees: 17 in October 2021 and 19 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $13,197,940,757 to $11,712,361,735 (-11%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Yacktman Asset Management LP (CRD 164420): Form ADV filing data as of October 2026.