Vulcan Value Partners, LLC
Long book
$3.77B
Q1 2026
Positions
33
Top-10 weight
71%
concentration
Last quarter
+17.1%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsVulcan Value Partners, LLC is a concentrated fundamental stock-picker, running a $3.77B US long book across 33 positions.
The portfolio is concentrated: the top 10 names carry 71% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: EVEREST GROUP LTD, MICROSOFT CORP, AMAZON.COM INC, UNITEDHEALTH GROUP INC, RYAN SPECIALTY HOLDINGS INC.
Over the last 9 quarters its long book ran on average 2.6pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.4%
Q2 2024
+7.0%
Q3 2024
+4.0%
Q4 2024
-4.6%
Q1 2025
+7.5%
Q2 2025
+4.4%
Q3 2025
-0.2%
Q4 2025
-17.1%
Q1 2026
+17.1%
Sector allocation
Financials 34%
Services media 20%
Technology 19%
Consumer discretionary 12%
Industrials 8%
Healthcare 4%
Real estate 2%
Other 1%
Long book by quarter
What does Vulcan Value own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| EG EVEREST GROUP LTD | Financials | 1.4M | $445.1M | 11.8% | -9.8% |
| MSFT MICROSOFT CORP | Technology | 1.1M | $410.5M | 10.9% | -2.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.6M | $332.4M | 8.8% | -9.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 912.7K | $247.0M | 6.5% | -15.7% |
| RYAN RYAN SPECIALTY HOLDINGS INC | Financials | 6.6M | $222.5M | 5.9% | +42.7% |
| TRU TRANSUNION | Services media | 3.2M | $221.9M | 5.9% | +201.8% |
| TDG TRANSDIGM GROUP INC | Industrials | 184.2K | $213.5M | 5.7% | -23.4% |
| GOOG ALPHABET INC-CL C | Technology | 676.6K | $194.1M | 5.1% | -27.4% |
| V VISA INC-CLASS A SHARES | Services media | 639.5K | $193.3M | 5.1% | -12.1% |
| MA MASTERCARD INC - A | Services media | 383.2K | $191.5M | 5.1% | -14.7% |
| ARES ARES MANAGEMENT CORP - A | Financials | 1.7M | $184.5M | 4.9% | -0.3% |
| MEDP MEDPACE HOLDINGS INC | Healthcare | 203.1K | $97.5M | 2.6% | +329.3% |
| KMX CARMAX INC | Consumer discretionary | 2.2M | $91.7M | 2.4% | -24.7% |
| ELV ELEVANCE HEALTH INC | Financials | 296.8K | $86.9M | 2.3% | -23.2% |
| TPG TPG INC | Financials | 2.0M | $80.5M | 2.1% | +15.3% |
| FISV FISERV INC | Services media | 1.1M | $61.1M | 1.6% | -23.9% |
| NOW SERVICENOW INC | Technology | 533.8K | $55.8M | 1.5% | New |
| IQV IQVIA HOLDINGS INC | Healthcare | 248.1K | $42.3M | 1.1% | -23.2% |
| HEI/A HEICO CORP-CLASS A | Industrials | 178.5K | $37.7M | 1.0% | -28.6% |
| CRM SALESFORCE INC | Technology | 196.8K | $36.7M | 1.0% | -87.3% |
| JLL JONES LANG LASALLE INC | Real estate | 109.5K | $33.3M | 0.9% | -27.3% |
| CIGI COLLIERS INTL GR-SUBORD VOT | Real estate | 255.3K | $27.3M | 0.7% | +38.5% |
| LFUS LITTELFUSE INC | Industrials | 78.1K | $26.5M | 0.7% | -59.4% |
| G GENPACT LTD | Services media | 710.3K | $26.5M | 0.7% | -4.9% |
| ABM ABM INDUSTRIES INC | Services media | 630.3K | $24.3M | 0.6% | -4.3% |
| ITRN ITURAN LOCATION AND CONTROL | Consumer discretionary | 493.8K | $24.2M | 0.6% | -8.6% |
| QRVO QORVO INC | Technology | 268.8K | $20.8M | 0.6% | -75.6% |
| MLKN MILLERKNOLL INC | Other | 1.3M | $19.2M | 0.5% | -4.7% |
| SARO STANDARDAERO INC | Industrials | 717.0K | $18.5M | 0.5% | +51.4% |
| PRG PROG HOLDINGS INC | Services media | 566.3K | $16.2M | 0.4% | -5.5% |
| FBIN FORTUNE BRANDS INNOVATIONS I | Other | 343.6K | $13.4M | 0.4% | -2.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 33 | $3.77B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR/ANEW HOLDINGS | Mar 17, 2026 | 1 | $98K | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 40 | $5.44B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 10, 2025 | 40 | $5.52B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 38 | $5.67B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 39 | $5.32B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 49 | $5.98B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 43 | $5.97B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ANEW HOLDINGS | Aug 15, 2024 | 1 | $505K | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 44 | $6.55B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 46 | $6.89B | $K fixed canonical | SEC ↗ |
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