WhaleCreep

Vulcan Value Partners 13F holdings, Q3 2014

Long-only investorSEC filingsCompare with another fundHoldings as of 2014-09-30, filed 2014-11-07

Vulcan Value Partners disclosed 75 US equity positions worth $7.0bn in its Q3 2014 13F filing. Its largest position is ORCL at 6.5% of the reported book, followed by EG and V. Versus Q2 2014 it opened 16 new positions, added to 30, reduced 28 and exited 43.

$7.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
75
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.5%
Largest position
The largest single position as a share of the reported equity book.
38.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
38
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
63
Quarters on file since Q4 2010
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2014: 16 new, 30 added, 28 reduced, 43 exited

50 of 75
ORCL ORACLE CORPTechnology6.5%$458m11.91m+55%added
EG EVEREST GROUP LTDFinancial Services4.3%$300m1.82m+19%added
V VISA INCFinancial Services4.0%$280m1.31m+10%added
EBAY EBAY INC.Consumer Cyclical4.0%$279m5.36m+7.5%added
MA MASTERCARD INCFinancial Services3.9%$277m3.75m+31%added
PH PARKER-HANNIFIN CORPIndustrials3.6%$252m2.18m+577%added
BEN FRANKLIN RESOURCES INCFinancial Services3.6%$250m4.66m+13%added
NDAQ NASDAQ INCFinancial Services3.3%$229m5.59m−24%reduced
SABR SABRE CORPTechnology2.9%$200m11.93m+136%added
DISCKUSD DISCOVERY INC–2.8%$199m5.50m+45%added
STARWOOD HOTELS&RESORTS WRLD no ticker–2.6%$183m2.27m−21%reduced
BNY BANK OF NY MELLON CORPFinancial Services2.6%$179m4.81m−0.9%reduced
AAPL APPLE INCTechnology2.5%$178m1.71m−39%reduced
BA BOEING COIndustrials2.5%$175m1.42m–new
CB CHUBB CORPFinancial Services2.5%$173m1.81m+10.0%added
WELLPOINT INC no ticker–2.5%$172m1.43m−28%reduced
VZ VERIZON COMMUNICATIONS INCCommunication Services2.4%$166m3.37m+13%added
DIS DISNEY WALT COCommunication Services2.3%$163m1.84m+0.6%added
NUS NU SKIN ENTERPRISES INCConsumer Defensive2.3%$162m3.31m+189%added
STT STATE STR CORPFinancial Services2.2%$155m2.15m+10%added
CSCO CISCO SYS INCTechnology2.0%$140m5.82m−20%reduced
TWXCHF TIME WARNER INC–1.9%$136m1.74m−16%reduced
EVEUR EATON VANCE CORP–1.8%$129m3.56m+7.5%added
FOSL FOSSIL GROUP INCConsumer Cyclical1.8%$123m1.24m–new
ACIW ACI WORLDWIDE INCTechnology1.6%$112m6.07m+194%added
MAR MARRIOTT INTL INC NEWConsumer Cyclical1.5%$108m1.55m−11%reduced
CHECK POINT SOFTWARE TECH LT no ticker–1.5%$103m1.44m+11%added
LNN LINDSAY CORPIndustrials1.4%$99.1m1.19m+63%added
UNILEVER N V no ticker–1.3%$92.1m2.44m+22%added
NAVIGATORS GROUP INC no ticker–1.2%$86.8m1.34m+3.7%added
TUP TUPPERWARE BRANDS CORP–1.1%$77.7m1.22m+109%added
AETNA INC NEW no ticker–1.1%$74.5m939,447−23%reduced
CL COLGATE PALMOLIVE COConsumer Defensive1.0%$71.3m1.09m–new
EXPRESS SCRIPTS HLDG CO no ticker–1.0%$70.2m964,079+17%added
DOV DOVER CORPIndustrials0.9%$65.8m836,266−27%reduced
CW CURTISS WRIGHT CORPIndustrials0.9%$65.3m962,049+8.6%added
ROVIEUR ROVI CORP–0.9%$65.0m3.22m−4.4%reduced
MSCI MSCI INCFinancial Services0.9%$59.9m1.31m+209%added
MONTPELIER RE HOLDINGS LTD no ticker–0.8%$54.8m1.68m−7.6%reduced
NSP INSPERITY INCIndustrials0.8%$54.0m1.84m−7.4%reduced
ENS ENERSYSIndustrials0.8%$53.9m927,038+26%added
CME CME GROUP INCFinancial Services0.8%$52.9m648,622−56%reduced
INTERCONTINENTAL HOTELS GROU no ticker–0.7%$51.3m1.40m–new
AXIS CAP HLDGS LTD no ticker–0.7%$48.7m1.03m–new
ITRN ITURAN LOCATION AND CONTROLTechnology0.7%$48.3m2.37m+20%added
NCI1EUR NAVIGANT CONSULTING INC–0.7%$46.6m3.29m+38%added
FICO FAIR ISAAC CORPTechnology0.6%$42.2m741,427−12%reduced
UTI UNIVERSAL TECHNICAL INST INCConsumer Defensive0.5%$38.1m3.46m−0.4%held
SAFT SAFETY INS GROUP INCFinancial Services0.5%$37.4m623,353+2.4%added
PRA PROASSURANCE CORP–0.5%$35.2m766,471−8.8%reduced

Exited since Q2 2014

43 rows
CONVERSANT INC no ticker2.8%$190m
INTERCONTINENTAL HTLS GRP PL no ticker2.0%$138m
HEARTLAND PMT SYS INC no ticker0.5%$36.5m
ALB ALBEMARLE CORP0.3%$19.2m
SELECT COMFORT CORP no ticker0.2%$14.8m
AVA AVISTA CORP0.0%$51.0k
PNC PNC FINL SVCS GROUP INC0.0%$51.0k
BDX BECTON DICKINSON & CO0.0%$50.0k
E M C CORP MASS no ticker0.0%$49.0k
ED CONSOLIDATED EDISON INC0.0%$49.0k
INTC INTEL CORP0.0%$49.0k
PG PROCTER & GAMBLE CO0.0%$47.0k
USB US BANCORP0.0%$45.0k
WFC WELLS FARGO & CO0.0%$45.0k
ABBV ABBVIE INC0.0%$44.0k
T AT&T INC0.0%$44.0k
SYK STRYKER CORPORATION0.0%$43.0k
KUBOTA CORPORATION (ADR) no ticker0.0%$42.0k
F FORD MTR CO0.0%$42.0k
FFIV F5 INC0.0%$41.0k
POR PORTLAND GEN ELEC CO0.0%$41.0k
BMO BANK MONTREAL MEDIUM0.0%$40.0k
DE DEERE & CO0.0%$39.0k
INTU INTUIT0.0%$39.0k
CVS CVS HEALTH CORP0.0%$36.0k
HMC HONDA MOTOR CO LTD0.0%$36.0k
XEROX CORP no ticker0.0%$34.0k
CERNCHF CERNER CORP0.0%$34.0k
GIS GENERAL MILLS INC0.0%$34.0k
UNFI UNITED NAT FOODS INC0.0%$33.0k
ABT ABBOTT LABORATORIES0.0%$32.0k
SAPIENT CORP no ticker0.0%$31.0k
KYOCERA CORP no ticker0.0%$26.0k
GOOGLE INC no ticker0.0%$23.0k
GOOGLE INC no ticker0.0%$23.0k
NVDA NVIDIA CORPORATION0.0%$23.0k
EPIQ SYS INC no ticker0.0%$19.0k
AEO AMERICAN EAGLE OUTFITTERS IN0.0%$19.0k
CELG CELGENE CORP0.0%$18.0k
FOUNDATION MEDICINE INC no ticker0.0%$16.0k
ALGN ALIGN TECHNOLOGY INC0.0%$15.0k
TIME1EUR TIME INC NEW0.0%$13.0k
ALLT ALLOT LTD0.0%$8.0k

Sector mix

  • Financial Services28.7%
  • Unclassified23.9%
  • Technology17.7%
  • Industrials12.7%
  • Consumer Cyclical7.5%
  • Communication Services5.0%
  • Consumer Defensive4.0%
  • Healthcare0.6%

Book over time

Every quarter on file (63)
QuarterPositionsEquity book
Q2 202636$3.3bn
Q1 202633$3.8bn
Q4 202541$5.5bn
Q3 202540$5.5bn
Q2 202538$5.7bn
Q1 202539$5.3bn
Q4 202449$6.0bn
Q3 202443$6.0bn
Q2 202445$7.1bn
Q1 202446$6.9bn
Q4 202346$6.8bn
Q3 202345$6.6bn
Q2 202344$8.0bn
Q1 202343$7.9bn
Q4 202241$7.4bn
Q3 202237$8.5bn
Q2 202239$10.2bn
Q1 202235$16.3bn
Q4 202139$19.6bn
Q3 202140$18.6bn
Q2 202138$18.4bn
Q1 202140$16.9bn
Q4 202038$15.5bn
Q3 202040$12.9bn
Q2 202042$12.7bn
Q1 202040$9.6bn
Q4 201954$13.0bn
Q3 201950$11.8bn
Q2 201958$11.2bn
Q1 201954$11.6bn
Q4 201855$10.8bn
Q3 201855$13.7bn
Q2 201857$12.9bn
Q1 201852$12.4bn
Q4 201757$12.2bn
Q3 201752$11.7bn
Q2 201751$11.2bn
Q1 201755$11.6bn
Q4 201654$11.2bn
Q3 201658$10.9bn
Q2 201655$10.2bn
Q1 201655$11.1bn
Q4 201570$10.8bn
Q3 201555$10.3bn
Q2 201561$10.6bn
Q1 201563$10.0bn
Q4 201466$8.8bn
Q3 201475$7.0bn
Q2 2014102$6.8bn
Q1 201461$5.7bn
Q4 201352$4.8bn
Q3 201353$3.3bn
Q2 201354$2.3bn
Q1 201341$1.4bn
Q4 201237$916m
Q3 201247$619m
Q2 201235$355m
Q1 201231$251m
Q4 201132$196m
Q3 201134$205m
Q2 201132$147m
Q1 201133$105m
Q4 201033$81.9m

Where Vulcan Value Partners was early

65 rows
DOV DOVER CORPQ1 20111 of 1331.7%7.8%22Exited by Q3 2016+27%
ITRN ITURAN LOCATION AND CONTROLQ2 20112 of 461.8%1.8%61Held at last filing, Q2 2026+333%
AAPL APPLE INCQ2 201121 of 2752.0%9.3%20Exited by Q2 2016+127%
NDSN NORDSON CORPQ3 20111 of 1121.3%1.3%10Exited by Q1 2016+61%
PH Parker-Hannifin CorpQ3 20113 of 1523.8%7.3%34Exited by Q1 2020+226%
UTXZ UNITED TECHNOLOGIES CORPQ3 20115 of 1145.1%5.9%19Exited by Q2 2018+79%
BNY BANK NEW YORK MELLON CORPQ3 20118 of 1543.4%7.7%32Exited by Q3 2019+137%
V VISA INCQ3 201121 of 2846.7%6.7%60Held at last filing, Q2 2026+1501%
TUP TUPPERWARE BRANDS CORPQ2 20121 of 700.7%1.1%25Exited by Q3 2018−25%
CME CME GROUP INCQ2 20125 of 1616.3%6.3%9Exited by Q1 2015+65%
ORCL ORACLE CORPQ2 201213 of 2566.1%9.8%34Exited by Q4 2020+101%
TROW PRICE T ROWE GROUP INCQ3 20128 of 1200.02%2.1%9Exited by Q4 2016+5.1%
CW CURTISS WRIGHT CORPQ4 20121 of 1360.8%1.0%22Exited by Q2 2023+437%
WLY JOHN WILEY & SONS INCQ1 20131 of 830.8%1.2%4Exited by Q1 2014+42%
RVTY PERKIN-ELMER INCQ1 20136 of 1130.7%1.6%4Exited by Q1 2014+23%
ACIW ACI WORLDWIDE INCQ2 20131 of 1051.7%2.5%30Exited by Q4 2020+69%
CHE CHEMED CORP NEWQ2 20131 of 1111.4%2.1%10Exited by Q4 2016+95%
UTI UNIVERSAL TECHNICAL INST INCQ2 20131 of 951.2%1.2%7Exited by Q1 2015−4.7%
LYV LIVE NATION ENTERTAINMENT INQ2 20137 of 2161.2%4.5%10Exited by Q1 2025+735%
BEN FRANKLIN RES INCQ2 20139 of 1173.0%5.0%15Exited by Q1 2017−13%
QCOM QUALCOMM INCQ2 201318 of 2462.9%3.9%14Exited by Q4 2016+12%
LNN LINDSAY CORPQ3 20131 of 770.6%1.7%19Exited by Q2 2018+12%
NSP INSPERITY INCQ3 20131 of 1000.4%1.2%6Exited by Q1 2015−9.9%
MAR MARRIOTT INTL INC NEWQ4 20134 of 1823.0%3.6%18Exited by Q1 2025+465%
EBAY EBAY INCQ4 201319 of 1863.6%4.0%6Exited by Q1 2016+19%
VRTS VIRTUS INVT PARTNERS INCQ1 20141 of 720.8%1.1%48Exited by Q1 2026−5.8%
ENS ENERSYSQ1 20142 of 1020.6%1.0%35Exited by Q1 2025+33%
NUS NU SKIN ENTERPRISES INCQ1 20145 of 951.1%2.3%10Exited by Q3 2016−44%
VZ VERIZON COMMUNICATIONS INCQ1 201412 of 1801.6%2.5%8Exited by Q1 2016−2.8%
SABR Sabre CorpQ2 20142 of 1581.5%3.3%20Exited by Q1 2020+12%
FFIV F5 NETWORKS INCQ2 20147 of 1410.0%2.7%3Exited by Q4 2015+3.9%
STT STATE STR CORPQ2 201412 of 1391.9%4.7%21Exited by Q3 2019−17%
FOSL FOSSIL GROUP INCQ3 20143 of 871.8%4.7%11Exited by Q2 2017−81%
CL COLGATE PALMOLIVE COQ3 20145 of 1311.0%1.1%4Exited by Q3 2015+0.3%
BA BOEING COQ3 201412 of 2212.5%4.4%12Exited by Q3 2017+55%
MSM MSC Industrial Direct Co IncQ4 20144 of 1141.5%2.7%18Exited by Q1 2020−3.4%
ELV ELEVANCE HEALTH INC FORMERLYQ4 20145 of 2271.7%4.3%44Held at last filing, Q2 2026+208%
HLT HILTON WORLDWIDE HLDGS INCQ1 201622 of 2252.3%6.8%21Exited by Q2 2021+162%
JLL JONES LANG LASALLE INCQ2 20167 of 1330.5%4.7%40Held at last filing, Q2 2026+218%
COR AmerisourceBergen CorpQ2 201614 of 1580.3%5.7%15Exited by Q1 2020+7.2%
SWKS SKYWORKS SOLUTIONS INCQ3 20167 of 1543.5%8.0%37Exited by Q4 2025+1.1%
QRVO QORVO INCQ3 20168 of 1732.5%8.2%40Held at last filing, Q2 2026+67%
UNH UNITEDHEALTH GROUP INCQ3 201623 of 2991.2%7.5%16Held at last filing, Q2 2026+197%
CAH CARDINAL HEALTH INCQ4 20169 of 1262.8%3.0%11Exited by Q3 2019−35%
CBRE CBRE GROUP INCQ4 201615 of 1582.1%4.5%24Exited by Q3 2025+345%
NTRS NORTHERN TR CORPQ1 20179 of 1171.3%2.0%10Exited by Q3 2019+4.0%
MCO MOODYS CORPQ1 201717 of 1761.6%1.8%10Exited by Q3 2019+74%
SPGI S&P Global IncQ1 201719 of 2471.4%3.3%12Exited by Q1 2020+109%
CACC CREDIT ACCEP CORP MICHQ2 201711 of 1020.5%4.2%10Exited by Q4 2020+32%
SNBRQ SLEEP NUMBER CORPQ4 20171 of 951.3%1.3%12Exited by Q1 2023−31%

Concentration and tenure

7.5%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
54.2%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters