River Road Asset Management, LLC
Long book
$8.82B
Q1 2026
Positions
176
Top-10 weight
24%
concentration
Last quarter
+9.1%
SPY +14.8%
Turnover
27%
of book per quarter
Strategy in plain words
auto-generated from filingsRiver Road Asset Management, LLC is an institutional manager, running a $8.82B US long book across 176 positions.
The portfolio is broadly diversified across 176 positions (top 10 only 24%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: BJ'S WHOLESALE CLUB HOLDINGS, WHITE MOUNTAINS INSURANCE GP, MCGRATH RENTCORP, BERKSHIRE HATHAWAY INC-CL B, MURPHY USA INC.
Over the last 9 quarters its long book ran on average 2.5pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-5.0%
Q2 2024
+7.0%
Q3 2024
+2.9%
Q4 2024
-1.4%
Q1 2025
+2.7%
Q2 2025
+3.3%
Q3 2025
+1.3%
Q4 2025
-2.0%
Q1 2026
+9.1%
Sector allocation
Financials 18%
Consumer discretionary 18%
Industrials 14%
Healthcare 11%
Services media 11%
Other 5%
Technology 5%
Consumer staples 5%
Long book by quarter
What does River Road own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BJ BJ'S WHOLESALE CLUB HOLDINGS | Consumer discretionary | 3.5M | $344.8M | 3.9% | +2.9% |
| WTM WHITE MOUNTAINS INSURANCE GP | Financials | 120.5K | $264.8M | 3.0% | -0.3% |
| MGRC MCGRATH RENTCORP | Services media | 2.2M | $238.3M | 2.7% | +1.4% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 455.4K | $218.2M | 2.5% | +1.7% |
| MUSA MURPHY USA INC | Consumer discretionary | 395.8K | $195.5M | 2.2% | -21.8% |
| GXO GXO LOGISTICS INC | Industrials | 3.5M | $183.6M | 2.1% | +20.3% |
| CXW CORECIVIC INC | Real estate | 9.0M | $170.4M | 1.9% | +0.4% |
| LAD LITHIA MOTORS INC | Consumer discretionary | 652.8K | $163.0M | 1.8% | -12.1% |
| AGO ASSURED GUARANTY LTD | Financials | 1.9M | $154.1M | 1.7% | +0.3% |
| ATR APTARGROUP INC | Other | 1.2M | $148.3M | 1.7% | +28.3% |
| COO COOPER COS INC/THE | Healthcare | 2.0M | $141.2M | 1.6% | +24.7% |
| WTW WILLIS TOWERS WATSON PLC | Financials | 485.0K | $141.0M | 1.6% | +42.4% |
| CRH CRH PLC | Industrials | 1.3M | $135.2M | 1.5% | +24.0% |
| LH LABCORP HOLDINGS INC | Healthcare | 504.9K | $134.7M | 1.5% | +23.7% |
| UNF UNIFIRST CORP/MA | Services media | 499.9K | $125.8M | 1.4% | -42.2% |
| AMRZ AMRIZE LTD | Industrials | 2.2M | $125.7M | 1.4% | -22.2% |
| GNW GENWORTH FINANCIAL INC | Financials | 15.3M | $124.4M | 1.4% | -6.6% |
| PLUS EPLUS INC | Consumer discretionary | 1.6M | $122.3M | 1.4% | +0.5% |
| VNT VONTIER CORP | Technology | 3.3M | $118.1M | 1.3% | +0.9% |
| UNP UNION PACIFIC CORP | Industrials | 486.2K | $118.0M | 1.3% | -0.8% |
| AXP AMERICAN EXPRESS CO | Financials | 379.2K | $114.7M | 1.3% | New |
| DK DELEK US HOLDINGS INC | Energy | 2.5M | $111.8M | 1.3% | -2.7% |
| TFX TELEFLEX INC | Healthcare | 922.1K | $110.3M | 1.3% | New |
| CALM CAL-MAINE FOODS INC | Consumer staples | 1.4M | $108.4M | 1.2% | New |
| KR KROGER CO | Consumer discretionary | 1.4M | $104.5M | 1.2% | -18.0% |
| AXS AXIS CAPITAL HOLDINGS LTD | Financials | 1.0M | $102.9M | 1.2% | -3.5% |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 1.3M | $95.6M | 1.1% | -4.8% |
| PGR PROGRESSIVE CORP | Financials | 482.0K | $95.6M | 1.1% | +9.2% |
| FCNCA FIRST CITIZENS BCSHS -CL A | Financials | 50.2K | $94.5M | 1.1% | -9.5% |
| DIS WALT DISNEY CO/THE | Services media | 975.9K | $94.1M | 1.1% | New |
| IFF INTL FLAVORS & FRAGRANCES | Other | 1.3M | $91.4M | 1.0% | +29.9% |
| PSMT PRICESMART INC | Consumer discretionary | 601.2K | $90.5M | 1.0% | -16.4% |
| IMKTA INGLES MARKETS INC-CLASS A | Consumer discretionary | 956.4K | $86.0M | 1.0% | -5.0% |
| MDU MDU RESOURCES GROUP INC | Materials | 4.1M | $84.5M | 1.0% | -13.4% |
| ICUI ICU MEDICAL INC | Healthcare | 646.4K | $83.5M | 0.9% | -0.7% |
| UFPI UFP INDUSTRIES INC | Other | 889.8K | $82.0M | 0.9% | +1.1% |
| CACI CACI INTERNATIONAL INC -CL A | Technology | 149.3K | $81.2M | 0.9% | -40.6% |
| CEG CONSTELLATION ENERGY | Utilities | 287.2K | $80.2M | 0.9% | New |
| SWX SOUTHWEST GAS HOLDINGS INC | Utilities | 903.8K | $78.5M | 0.9% | -2.5% |
| PR PERMIAN RESOURCES CORP-CL A | Energy | 3.6M | $76.0M | 0.9% | -23.8% |
| PRSU PURSUIT ATTRACTIONS AND HOSP | Services media | 2.1M | $76.0M | 0.9% | +2.0% |
| HAE HAEMONETICS CORP/MASS | Healthcare | 1.3M | $74.8M | 0.8% | +20.5% |
| DAL DELTA AIR LINES INC | Industrials | 1.1M | $74.4M | 0.8% | -13.2% |
| WEX WEX INC | Services media | 476.1K | $72.9M | 0.8% | -38.7% |
| KDP KEURIG DR PEPPER INC | Consumer staples | 2.7M | $72.0M | 0.8% | New |
| AMZN AMAZON.COM INC | Consumer discretionary | 326.7K | $68.0M | 0.8% | New |
| PRKS UNITED PARKS & RESORTS INC | Services media | 2.1M | $67.9M | 0.8% | +1.2% |
| DOLE DOLE PLC | Consumer staples | 4.7M | $67.1M | 0.8% | +1.7% |
| NWE NORTHWESTERN ENERGY GROUP IN | Utilities | 1.0M | $66.3M | 0.8% | -20.4% |
| PAYC PAYCOM SOFTWARE INC | Technology | 539.2K | $65.5M | 0.7% | +37.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 176 | $8.83B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 24, 2026 | 175 | $9.12B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 176 | $8.93B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 178 | $7.65B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 181 | $7.35B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 172 | $7.52B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 30, 2024 | 172 | $7.65B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 19, 2024 | 173 | $6.97B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 165 | $7.40B | canonical | SEC ↗ |
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