In a recent 13F filing, Yacktman Asset Management disclosed a significant reduction in its holdings of Bank of New York Mellon (BNY) for the quarter ending June 30, 2026. The filing, made public on August 11, reveals an 82% decrease in their position, from 357,700 to 64,400 shares. It is important to remember that 13F filings are submitted to the SEC quarterly and released with a delay, so this report reflects trades that occurred between April and June of 2026.
During that same quarter, BNY Mellon reported strong financial results, including record revenue and an increased full-year outlook. The value of Yacktman's remaining investment in the global financial services company is now estimated at $9.31 million. No specific reasons for this substantial portfolio adjustment have been publicly disclosed by the investment firm.