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Value GiantsValue investors’ 13F holdings, as a whole
Q2 2026 13FData as of Aug 18, 2026
Classic value

C.T. Fitzpatrick

Q2 2026 13F: 36 holdings worth about $3.3B; that quarter 4 new, 6 added, 26 trimmed, 1 sold out.

Firm: Vulcan Value Partners, LLC
Filer: Vulcan Value Partners, LLC CIK 1556785
Last filed: Aug 10, 2026 | Classic value | Counted in this quarter’s totals

13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.

Why This Giant Is Included

  • Rule numbers (Q2 2026): 36 holdings, top 10 = 77%, stocks $3.3B, options 0%; all four rules met
  • Source for the value approach: Vulcan Value Partners (Vulcan Value Partners): “We are value investors who do not look for cheap stocks. Instead, we look for high quality businesses with inherently stable values” (checked 2026-10-11)

Full selection rules →

13F value
$3.3B
previous $3.8B (−12.9%)
Holdings
36
4 new / 1 sold out
Net deploymentest.
−22.4%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
77%
overlap with the composite 16%
Turnoverest.
5.2%
held 18 quarters on average
I

Trades in Q2 2026

Sorted by position shift: how many percentage points of the portfolio the trade moved.

How to Read This

Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.

MoveCompanyChange in sharesChange %Position shift (pts)Start → end priceEst. trade price
TrimmedUNHUnitedHealth Group Inc−845.4K−93%−10.70$270.59 → $415.63$343.11
TrimmedAMZNAmazon.com Inc−603.1K−38%−4.38$208.27 → $238.34$223.31
TrimmedEGEverest Group Ltd−325.0K−24%−3.53$326.85 → $357.23$342.04
TrimmedKMXCarMax Inc−1.29M−59%−2.08$41.58 → $52.89$47.23
AddedMAMastercard Inc+119.8K+31%+1.87$499.66 → $513.60$506.63
TrimmedVVisa Inc−176.2K−28%−1.84$302.24 → $343.09$322.66
TrimmedELVElevance Health, Inc−140.9K−47%−1.66$292.75 → $386.73$339.74
AddedRYANRyan Specialty Holdings, Inc+1.32M+20%+1.51$33.74 → $37.76$35.75
TrimmedGOOGLAlphabet Inc−137.1K−20%−1.47$287.56 → $357.37$322.47
TrimmedMSFTMicrosoft Corp−122.1K−11%−1.39$370.17 → $373.02$371.60
TrimmedTRUTransUnion−500.2K−16%−1.10$69.19 → $72.14$70.67
TrimmedMEDPMedpace Holdings, Inc−61.3K−30%−0.99$480.19 → $529.59$504.89
TrimmedLFUSLittelfuse Inc−60.7K−78%−0.84$339.35 → $455.33$397.34
AddedARESAres Management Corp+211.4K+13%+0.72$109.10 → $111.31$110.20
TrimmedITRNIturan Location & Control Ltd−369.8K−75%−0.69$49.01 → $61.01$55.01
TrimmedTDGTransDigm Group Inc−13.8K−7%−0.56$1,159 → $1,332$1,246
Sold outPKPark Hotels & Resorts Inc−1.20M—−0.52$10.53 → $14.25$12.39
AddedTPGTPG Inc+375.8K+19%+0.46$40.51 → $40.55$40.53
NewEFXEquifax Inc+90.7K—+0.44$180.07 → $158.72$169.40
TrimmedPRGProg Holdings Inc−285.2K−50%−0.40$28.69 → $46.61$37.65
NewBMIBadger Meter Inc+68.7K—+0.31$152.35 → $148.38$150.37
TrimmedMLKNMillerKnoll Inc−486.5K−37%−0.30$14.46 → $20.46$17.46
TrimmedFISVFiserv Inc−200.7K−18%−0.30$55.80 → $49.05$52.42
TrimmedNICENice Ltd−93.9K−16%−0.26$110.26 → $90.85$100.55
TrimmedQRVOQorvo, Inc−87.5K−33%−0.25$77.40 → $93.27$85.34
TrimmedABMABM Industries Inc−181.7K−29%−0.24$38.52 → $44.24$41.38
TrimmedSAROStandardAero, Inc−266.7K−37%−0.24$25.83 → $29.93$27.88
TrimmedFBINFortune Brands Innovations, Inc−128.8K−37%−0.22$38.97 → $54.90$46.94
TrimmedHEI.AHeico Corp−24.7K−14%−0.19$211.09 → $257.91$234.50
TrimmedGGenpact Ltd−188.7K−27%−0.16$37.25 → $27.50$32.38
TrimmedCRMSalesforce, Inc−32.8K−17%−0.16$186.67 → $156.66$171.66
TrimmedJLLJones Lang Lasalle Inc−13.3K−12%−0.13$304.32 → $309.95$307.13
TrimmedCIGIColliers International Group Inc−43.4K−17%−0.12$106.89 → $93.79$100.34
AddedNOWServiceNow, Inc+41.0K+8%+0.12$104.55 → $99.28$101.91
NewVEEVVeeva Systems Inc+21.2K—+0.11$175.66 → $177.47$176.56
AddedIQVIQVIA Holdings Inc+11.8K+5%+0.07$170.54 → $193.22$181.88
NewIWDiShares Russell 1000 Value E+7.0K—+0.05$213.67 → $242.43$228.05
II

All Holdings (36 Companies)

Share classes of one company are combined; click a heading to re-sort.

How to Read This

Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.

CompanySectorWeight (prev.)SharesValueThis quarterFirst boughtQuarters heldEst. avg costQuarter-end pricevs costHistory
EGEverest Group LtdFinancials11.3%11.8%1.04M$370.4MTrimmed −24%Q3 20248$369.89est.$357.23−3%History
MSFTMicrosoft CorpInformation technology11.2%10.9%986.9K$368.1MTrimmed −11%Q4 201831$260.63est.$373.02+43%History
RYANRyan Specialty Holdings, IncFinancials9.1%5.9%7.91M$298.8MAdded +20%Q3 20254$48.79est.$37.76−23%History
MAMastercard IncFinancials7.9%5.1%503.0K$258.3MAdded +31%Q4 201063$322.27est.start point$513.60+59%History
AMZNAmazon.com IncConsumer discretionary7.2%8.8%992.8K$236.6MTrimmed −38%Q4 201831$119.31est.$238.34+100%History
TDGTransDigm Group IncIndustrials6.9%5.7%170.4K$227.0MTrimmed −7%Q2 202025$699.47est.$1,332+90%History
ARESAres Management CorpFinancials6.4%4.9%1.90M$211.8MAdded +13%Q3 202216$148.71est.$111.31−25%History
TRUTransUnionFinancials5.9%5.9%2.71M$195.3MTrimmed −16%Q4 20253$79.89est.$72.14−10%History
GOOGLAlphabet IncInformation technology5.8%5.1%539.5K$190.6MTrimmed −20%Q3 201736$60.00est.$353.33+489%History
VVisa IncFinancials4.8%5.1%463.3K$158.9MTrimmed −28%Q3 201160$174.28est.$343.09+97%History
TPGTPG IncFinancials2.9%2.1%2.36M$95.8MAdded +19%Q1 20256$47.18est.$40.55−14%History
MEDPMedpace Holdings, IncHealth care2.3%2.6%141.7K$75.1MTrimmed −30%Q2 202121$471.04est.$529.59+12%History
ELVElevance Health, IncHealth care1.8%2.3%155.9K$60.3MTrimmed −47%Q3 202216$429.50est.$386.73−10%History
NOWServiceNow, IncInformation technology1.7%1.5%574.8K$57.1MAdded +8%Q1 20262$126.95est.$99.28−22%History
IQVIQVIA Holdings IncHealth care1.5%1.1%259.9K$50.2MAdded +5%Q2 20255$167.74est.$193.22+15%History
KMXCarMax IncConsumer discretionary1.5%2.4%912.6K$48.3MTrimmed −59%Q1 202410$61.43est.$52.89−14%History
FISVFiserv IncIndustrials1.3%1.6%894.0K$43.8MTrimmed −18%Q3 20254$150.67est.$49.05−67%History
NICENice LtdInformation technology1.3%1.7%478.4K$43.5MTrimmed −16%Q1 20262$111.65est.$90.85−19%History
HEI.AHeico CorpIndustrials1.2%1.0%153.7K$39.6MTrimmed −14%Q3 202024$102.89est.$257.91+151%History
JLLJones Lang Lasalle IncReal estate0.9%0.9%96.3K$29.8MTrimmed −12%Q2 202217$202.20est.$309.95+53%History
UNHUnitedHealth Group IncHealth care0.9%6.5%67.3K$28.0MTrimmed −93%Q4 20247$432.86est.$415.63−4%History
CRMSalesforce, IncInformation technology0.8%1.0%164.0K$25.7MTrimmed −17%Q2 202025$249.14est.$156.66−37%History
CIGIColliers International Group IncReal estate0.6%0.7%211.9K$19.9MTrimmed −17%Q3 202024$96.69est.$93.79−3%History
ABMABM Industries IncIndustrials0.6%0.6%448.6K$19.8MTrimmed −29%Q3 202024$40.26est.$44.24+10%History
MLKNMillerKnoll IncConsumer discretionary0.5%0.5%838.2K$17.1MTrimmed −37%Q1 202026$26.47est.$20.46−23%History
QRVOQorvo, IncInformation technology0.5%0.6%181.3K$16.9MTrimmed −33%Q3 201640$95.07est.$93.27−2%History
EFXEquifax IncFinancials0.4%—90.7K$14.4MNewQ2 20261$169.40est.$158.72−6%History
GGenpact LtdIndustrials0.4%0.7%521.6K$14.3MTrimmed −27%Q3 20248$36.13est.$27.50−24%History
SAROStandardAero, IncIndustrials0.4%0.5%450.3K$13.5MTrimmed −37%Q4 20253$28.68est.$29.93+4%History
PRGProg Holdings IncIndustrials0.4%0.4%281.1K$13.1MTrimmed −50%Q4 202023$39.94est.$46.61+17%History
FBINFortune Brands Innovations, IncMaterials0.4%0.4%214.8K$11.8MTrimmed −37%Q4 20247$65.17est.$54.90−16%History
BMIBadger Meter IncInformation technology0.3%—68.7K$10.2MNewQ2 20261$150.37est.$148.38−1%History
LFUSLittelfuse IncInformation technology0.2%0.7%17.4K$7.9MTrimmed −78%Q4 201927$226.17est.$455.33+101%History
ITRNIturan Location & Control LtdIndustrials0.2%0.6%124.0K$7.6MTrimmed −75%Q2 201161$22.51est.$61.01+171%History
VEEVVeeva Systems IncInformation technology0.1%—21.2K$3.8MNewQ2 20261$176.56est.$177.47+1%History
IWDiShares Russell 1000 Value EFunds & ETFs0.1%—7.0K$1.7MNewQ2 20261$228.05est.$242.43+6%History
III

Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost

How to Read This

Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.

above costbelow costwithin 5%
Portfolio MapEGEverest Group LtdMSFTMicrosoft CorpRYANRyan Specialty Hold…MAMastercard IncAMZNAmazon.com IncTDGTransDigm Group IncARESAres Management CorpTRUTransUnionGOOGLAlphabet IncVVisa IncTPGTPG IncMEDPMedpace Holdings…ELVElevance…NOWServiceNo…IQVKMXCarMax I…FISVFiserv I…NICENice LtdHEI.AJLLUNHCRMCIGIABMMLKNQRVOPRGFBIN
IV

Over Time

From Q4 2010, 63 quarters (this giant’s electronic 13F filings).

13F Value

13F Value$0$5.0B$10.0B$15.0BQ4 2010Q3 2012Q2 2014Q1 2016Q4 2017Q3 2019Q2 2021Q1 2023Q2 2026

Holdings

Holdings050100Q4 2010Q3 2012Q2 2014Q1 2016Q4 2017Q3 2019Q2 2021Q1 2023Q2 2026

Top-10 Concentration

Top-10 Concentration0%25%50%75%100%Q4 2010Q3 2012Q2 2014Q1 2016Q4 2017Q3 2019Q2 2021Q1 2023Q2 2026

Turnover (Est.)

Turnover0%10%20%Q4 2010Q3 2012Q2 2014Q1 2016Q4 2017Q3 2019Q2 2021Q1 2023Q2 2026

Sector Mix

Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
Sector Mix0%25%50%75%100%Q4 2010Q3 2012Q2 2014Q1 2016Q4 2017Q3 2019Q2 2021Q1 2023Q2 2026
V

Quarter by Quarter, with the Original Filings

* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.

Show 63 Quarters
QuarterHoldingsNewSold out13F valueTurnoverNet deploymentSEC
Q2 20263641$3.3B5.2%−22.4%13F-HR
Q1 20263329$3.8B10.6%−15.0%13F-HR
Q4 20254033$5.4B9.0%−1.4%13F-HR 13F-HR/A
Q3 20254031$5.5B10.4%−0.8%13F-HR
Q2 20253823$5.7B17.3%−2.0%13F-HR
Q1 202539212$5.3B9.8%−6.6%13F-HR
Q4 20244982$6.0B16.8%−1.2%13F-HR
Q3 20244323$6.0B2.9%−14.7%13F-HR
Q2 20244413$6.5B12.9%−1.8%13F-HR 13F-HR/A
Q1 20244644$6.9B6.7%−9.5%13F-HR
Q4 20234610$6.8B0.2%−13.4%13F-HR
Q3 20234532$6.6B5.1%−13.9%13F-HR
Q2 20234443$8.0B4.8%−8.5%13F-HR
Q1 20234353$7.9B4.7%−6.4%13F-HR
Q4 20224162$7.4B5.2%−20.2%13F-HR
Q3 20223735$8.5B7.9%−8.2%13F-HR
Q2 20223951$10.2B8.1%−12.3%13F-HR
Q1 20223504$16.3B4.1%−2.8%13F-HR
Q4 20213956$19.6B11.1%+5.0%13F-HR 13F-HR/A
Q3 20214031$18.6B10.8%+0.6%13F-HR
Q2 20213824$18.4B4.1%−3.2%13F-HR
Q1 20214031$16.9B15.3%+1.9%13F-HR
Q4 20203846$15.5B11.5%+2.5%13F-HR
Q3 20204057$12.9B12.0%−5.5%13F-HR
Q2 20204264$12.7B10.8%+3.9%13F-HR
Q1 202040317$9.6B23.7%−1.7%13F-HR
Q4 201954106$13.0B9.7%−6.3%13F-HR
Q3 201950412$11.8B8.2%+2.5%13F-HR
Q2 20195851$11.2B13.2%−6.2%13F-HR
Q1 20195424$11.6B7.9%−7.3%13F-HR 13F-HR/A
Q4 20185644$10.8B24.7%−3.0%13F-HR
Q3 20185656$13.7B15.2%+1.4%13F-HR
Q2 20185772$12.9B16.2%+2.2%13F-HR
Q1 20185238$12.4B10.6%+1.3%13F-HR
Q4 20175772$12.2B9.5%+1.8%13F-HR
Q3 20175265$11.7B12.8%+3.6%13F-HR
Q2 20175126$11.2B2.9%−7.1%13F-HR
Q1 20175554$11.6B8.5%−5.8%13F-HR
Q4 2016541014$11.2B22.4%−1.3%13F-HR
Q3 20165874$10.9B11.6%+1.9%13F-HR
Q2 20165588$10.2B9.0%−5.6%13F-HR
Q1 201655722$11.1B11.4%+0.1%13F-HR
Q4 201570216$10.8B6.7%+3.7%13F-HR
Q3 20155539$10.3B13.0%+8.7%13F-HR
Q2 2015611012$10.6B13.1%+5.6%13F-HR
Q1 201563811$10.0B16.6%+15.2%13F-HR
Q4 201466514$8.8B14.2%+18.9%13F-HR
Q3 2014 *751643$7.0B17.9%+4.4%13F-HR
Q2 2014102465$6.8B9.6%+16.1%13F-HR
Q1 201461145$5.7B10.8%+20.6%13F-HR
Q4 20135245$4.8B6.1%+31.5%13F-HR
Q3 20135335$3.3B3.0%+33.5%13F-HR
Q2 2013 *5598$2.3B14.3%+26.0%13F-HR
Q1 20135483$1.8B4.0%+36.2%13F-HR
Q4 201249314$1.2B3.6%+40.8%13F-HR
Q3 201260131$837.6M0.1%+65.7%13F-HR
Q2 2012 *4865$476.8M7.7%+29.2%13F-HR
Q1 2012 *4722$377.3M5.1%+14.8%13F-HR
Q4 2011 *4754$289.7M17.2%−3.7%13F-HR
Q3 2011 *4678$267.2M17.7%+48.0%13F-HR
Q2 2011 *4755$202.2M6.1%+44.4%13F-HR
Q1 2011 *4753$143.1M8.2%+26.6%13F-HR
Q4 2010 *4500$108.2M——13F-HR
VI

Large Positions Sold Out

Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.

How to Read This

Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.

CompanyHeldPeak weightCompany since
CSGPCoStar Group IncQ3 2020 – Q1 20267%—
SWKSSkyworks Solutions IncQ3 2016 – Q4 20258%Still filing with the SEC
NICENice LtdQ4 2022 – Q4 20253%—
CBRECBRE Group IncQ2 2022 – Q3 20254%—
CGCarlyle Group IncQ4 2019 – Q2 20256%—
KKRKKR & Co IncQ3 2018 – Q1 20258%—
LYVLive Nation Entertainment, IncQ1 2024 – Q1 20255%—
SSNCSS&C Technologies Holdings IncQ2 2023 – Q1 20252%—
GEGeneral ElectricQ2 2022 – Q2 20246%—
AMATApplied Materials IncQ2 2021 – Q1 20244%—
—Lam Research CorpQ3 2021 – Q3 20233%Still filing with the SEC
METAMeta Platforms, IncQ1 2018 – Q4 20224%—
SPLKSplunk IncQ4 2021 – Q4 20224%Acquired or delisted Mar 28, 2024
UPSTUpstart Holdings, IncQ4 2020 – Q3 20227%Still filing with the SEC
NVDANVIDIA CorpQ1 2021 – Q3 20225%—
APPAppLovin CorpQ4 2021 – Q3 20225%—
WWayfair IncQ4 2020 – Q2 20225%Still filing with the SEC
JLLJones Lang Lasalle IncQ2 2016 – Q1 20225%—
ELVElevance Health, IncQ4 2014 – Q4 20214%—
SAPSAP SEQ1 2021 – Q4 20213%—
SSNCSS&C Technologies Holdings IncQ4 2020 – Q4 20213%—
—General Electric CoQ2 2020 – Q3 20214%Still filing with the SEC
HLTHilton Worldwide Holdings IncQ4 2016 – Q2 20217%—
CVSCVS Health CorpQ4 2016 – Q2 20216%—
ORCLOracle CorpQ2 2012 – Q4 202010%—
CACCCredit Acceptance CorpQ4 2019 – Q4 20204%—
ACIWACI Worldwide IncQ2 2013 – Q4 20203%—
—NOV IncQ1 2015 – Q3 20207%Still filing with the SEC
NVDANVIDIA CorpQ1 2019 – Q3 20206%—
BKNGBooking Holdings IncQ2 2019 – Q3 20203%—
EGEverest Group LtdQ4 2010 – Q2 20205%—
AXSAxis Capital Holdings LtdQ3 2014 – Q2 20205%—
MARMarriott International IncQ1 2019 – Q2 20204%—
PHParker-Hannifin CorpQ3 2011 – Q1 20207%Still filing with the SEC
CORCencora, IncQ2 2016 – Q1 20206%Still filing with the SEC
MCKMcKesson CorpQ3 2016 – Q1 20205%—
UPSUnited Parcel ServiceQ2 2018 – Q1 20204%—
SPGIS&P Global IncQ1 2017 – Q1 20203%—
SABRSabre CorpQ2 2016 – Q1 20202%—
TERTeradyne IncQ2 2018 – Q4 20194%Still filing with the SEC