# C.T. Fitzpatrick — Vulcan Value Partners

Portfolio USD 3,285,170,000 · 36 positions · 2026 Q2 · history from 2024 Q1.
Source: quarterly 13F filings via dataroma.com. Page: https://gigainvestors.com/VVP

## Positions (2026 Q2)

| Ticker | Company | % of portfolio | Value | This quarter | Holders |
|---|---|---:|---:|---|---:|
| EG | Everest Group Ltd | 11% | USD 370,414,000 | -23.86% |  |
| MSFT | Microsoft Corp. | 11% | USD 368,135,000 | -11.01% |  |
| RYAN | Ryan Specialty Holdings Inc | 9.1% | USD 298,782,000 | +19.97% |  |
| MA | Mastercard Inc. | 7.9% | USD 258,321,000 | +31.26% |  |
| AMZN | Amazon.com Inc. | 7.2% | USD 236,614,000 | -37.79% |  |
| TDG | TransDigm Group Inc. | 6.9% | USD 227,018,000 | -7.49% |  |
| ARES | Ares Management LP | 6.5% | USD 211,776,000 | +12.5% |  |
| TRU | TransUnion | 5.9% | USD 195,301,000 | -15.59% |  |
| GOOG | Alphabet Inc. CL C | 5.8% | USD 190,612,000 | -20.26% |  |
| V | Visa Inc. | 4.8% | USD 158,943,000 | -27.55% |  |
| TPG | Tpg Inc | 2.9% | USD 95,774,000 | +18.92% |  |
| MEDP | Medpace Holdings Inc. | 2.3% | USD 75,066,000 | -30.2% |  |
| ELV | Elevance Health Inc. | 1.8% | USD 60,281,000 | -47.48% |  |
| NOW | ServiceNow Inc. | 1.7% | USD 57,067,000 | +7.68% |  |
| IQV | IQVIA Holdings Inc. | 1.5% | USD 50,209,000 | +4.74% |  |
| KMX | CarMax Inc. | 1.5% | USD 48,269,000 | -58.61% |  |
| FISV | Fiserv Inc. | 1.3% | USD 43,849,000 | -18.33% |  |
| NICE | Nice Ltd Spon ADR | 1.3% | USD 43,465,000 | -16.41% |  |
| HEI.A | HEICO Corp. CL A | 1.2% | USD 39,645,000 | -13.86% |  |
| JLL | Jones Lang Lasalle Inc. | 0.9% | USD 29,835,000 | -12.13% |  |
| UNH | United Health Group Inc. | 0.9% | USD 27,976,000 | -92.63% |  |
| CRM | Salesforce.com | 0.8% | USD 25,694,000 | -16.66% |  |
| CIGI | Colliers International Group Inc. | 0.6% | USD 19,875,000 | -17% |  |
| ABM | ABM Industries | 0.6% | USD 19,844,000 | -28.83% |  |
| MLKN | MillerKnoll Inc. | 0.5% | USD 17,149,000 | -36.72% |  |
| QRVO | Qorvo Inc. | 0.5% | USD 16,911,000 | -32.55% |  |
| EFX | Equifax Inc. | 0.4% | USD 14,404,000 | new |  |
| G | Genpact Ltd. | 0.4% | USD 14,344,000 | -26.57% |  |
| SARO | Standardaero Inc | 0.4% | USD 13,484,000 | -37.2% |  |
| PRG | PROG Holdings Inc. | 0.4% | USD 13,100,000 | -50.37% |  |
| FBIN | Fortune Brands Innovations Inc. | 0.4% | USD 11,792,000 | -37.48% |  |
| BMI | Badger Meter Inc. | 0.3% | USD 10,191,000 | new |  |
| LFUS | Littelfuse Inc. | 0.2% | USD 7,945,000 | -77.66% |  |
| ITRN | Ituran Location & Control Ltd. | 0.2% | USD 7,567,000 | -74.88% |  |
| VEEV | Veeva Systems Inc. | 0.1% | USD 3,769,000 | new |  |
| IWD | Ishares Russell 1000 Value E | 0.1% | USD 1,749,000 | new |  |

## Moves this quarter (37)

- EG Everest Group Ltd: -23.86% (USD 370,414,000)
- MSFT Microsoft Corp.: -11.01% (USD 368,135,000)
- RYAN Ryan Specialty Holdings Inc: +19.97% (USD 298,782,000)
- MA Mastercard Inc.: +31.26% (USD 258,321,000)
- AMZN Amazon.com Inc.: -37.79% (USD 236,614,000)
- TDG TransDigm Group Inc.: -7.49% (USD 227,018,000)
- ARES Ares Management LP: +12.5% (USD 211,776,000)
- TRU TransUnion: -15.59% (USD 195,301,000)
- GOOG Alphabet Inc. CL C: -20.26% (USD 190,612,000)
- V Visa Inc.: -27.55% (USD 158,943,000)
- TPG Tpg Inc: +18.92% (USD 95,774,000)
- MEDP Medpace Holdings Inc.: -30.2% (USD 75,066,000)
- ELV Elevance Health Inc.: -47.48% (USD 60,281,000)
- NOW ServiceNow Inc.: +7.68% (USD 57,067,000)
- IQV IQVIA Holdings Inc.: +4.74% (USD 50,209,000)
- KMX CarMax Inc.: -58.61% (USD 48,269,000)
- FISV Fiserv Inc.: -18.33% (USD 43,849,000)
- NICE Nice Ltd Spon ADR: -16.41% (USD 43,465,000)
- HEI.A HEICO Corp. CL A: -13.86% (USD 39,645,000)
- JLL Jones Lang Lasalle Inc.: -12.13% (USD 29,835,000)
- UNH United Health Group Inc.: -92.63% (USD 27,976,000)
- CRM Salesforce.com: -16.66% (USD 25,694,000)
- CIGI Colliers International Group Inc.: -17% (USD 19,875,000)
- ABM ABM Industries: -28.83% (USD 19,844,000)
- MLKN MillerKnoll Inc.: -36.72% (USD 17,149,000)
- QRVO Qorvo Inc.: -32.55% (USD 16,911,000)
- EFX Equifax Inc.: new (USD 14,404,000)
- G Genpact Ltd.: -26.57% (USD 14,344,000)
- SARO Standardaero Inc: -37.2% (USD 13,484,000)
- PRG PROG Holdings Inc.: -50.37% (USD 13,100,000)
- PK Park Hotels & Resorts Inc.: sold (USD 12,592,143)
- FBIN Fortune Brands Innovations Inc.: -37.48% (USD 11,792,000)
- BMI Badger Meter Inc.: new (USD 10,191,000)
- LFUS Littelfuse Inc.: -77.66% (USD 7,945,000)
- ITRN Ituran Location & Control Ltd.: -74.88% (USD 7,567,000)
- VEEV Veeva Systems Inc.: new (USD 3,769,000)
- IWD Ishares Russell 1000 Value E: new (USD 1,749,000)

## Portfolio value by quarter

- 2024 Q1: USD 6,885,662,221 (46 positions)
- 2024 Q2: USD 6,600,075,139 (45 positions)
- 2024 Q3: USD 5,975,153,332 (43 positions)
- 2024 Q4: USD 5,979,480,114 (49 positions)
- 2025 Q1: USD 5,327,820,713 (39 positions)
- 2025 Q2: USD 5,672,711,361 (38 positions)
- 2025 Q3: USD 5,517,768,233 (40 positions)
- 2025 Q4: USD 5,544,335,133 (41 positions)
- 2026 Q1: USD 3,774,182,065 (33 positions)
- 2026 Q2: USD 3,285,170,000 (36 positions)