WhaleCreep

Vulcan Value Partners 13F holdings, Q2 2024

Long-only investorSEC filingsCompare with another fundHoldings as of 2024-06-30, filed 2024-08-15

Vulcan Value Partners disclosed 45 US equity positions worth $7.1bn in its Q2 2024 13F filing. Its largest position is G at 7.2% of the reported book, followed by AMZN and SWKS. Versus Q1 2024 it opened 1 new position, added to 12, reduced 32 and exited 2.

$7.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
45
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.2%
Largest position
The largest single position as a share of the reported equity book.
53.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
24
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 Q1 2024: 1 new, 12 added, 32 reduced, 2 exited

45 rows
G GENPACT LIMITEDTechnology7.2%$505m1.57m+22%added
AMZN AMAZON COM INCConsumer Cyclical6.8%$482m2.49m−14%reduced
SWKS SKYWORKS SOLUTIONS INCTechnology6.8%$482m4.52m+39%added
CRM SALESFORCE INCTechnology5.4%$379m1.48m+76%added
MSFT MICROSOFT CORPTechnology5.2%$370m826,752−21%reduced
GOOG ALPHABET INCCommunication Services5.2%$363m1.98m−22%reduced
KKR KKR & CO INCFinancial Services4.4%$308m2.92m−46%reduced
CSGP COSTAR GROUP INCReal Estate4.3%$307m4.14m+90%added
MA MASTERCARD INCFinancial Services4.3%$304m688,998−2.0%reduced
CG CARLYLE GROUP INCFinancial Services4.3%$301m7.50m−3.8%reduced
TDG TRANSDIGM GROUP INCIndustrials4.0%$282m220,570−35%reduced
V VISA INCFinancial Services3.8%$268m1.02m−2.7%reduced
LYV LIVE NATION ENTERTAINMENT INCommunication Services3.6%$253m2.69m+46%added
QRVO QORVO INCTechnology3.5%$247m2.12m+35%added
CBRE CBRE GROUP INCReal Estate3.4%$237m2.67m+4.8%added
NICE NICE LTDTechnology2.9%$204m1.19m+50%added
JLL JONES LANG LASALLE INCReal Estate2.7%$193m943,391−6.4%reduced
ELV ELEVANCE HEALTH INCHealthcare2.6%$187m344,938−11%reduced
ARES ARES MANAGEMENT CORPORATIONFinancial Services2.2%$153m1.14m−16%reduced
KMX CARMAX INCConsumer Cyclical1.9%$134m1.83m+300%added
HEI/A HEICO CORP NEW–1.8%$130m734,063−12%reduced
SSNC SS&C TECHNOLOGIES HLDGS INCTechnology1.7%$120m1.92m−5.5%reduced
FISV FISERV INC–1.3%$89.4m600,318−7.3%reduced
UNH UNITEDHEALTH GROUP INCHealthcare1.2%$85.1m167,470−6.6%reduced
LFUS LITTELFUSE INCTechnology0.9%$61.7m241,365−6.1%reduced
ABM ABM INDS INCIndustrials0.8%$59.1m1.17m−17%reduced
ABT ABBOTT LABORATORIESHealthcare0.7%$52.0m500,469−12%reduced
CIGI COLLIERS INTL GROUP INCReal Estate0.7%$50.8m454,181+4.6%added
SBUX STARBUCKS CORPConsumer Cyclical0.7%$50.7m651,366−18%reduced
CWK CUSHMAN WAKEFIELD PLCReal Estate0.7%$49.6m4.77m−6.5%reduced
DNB DUN & BRADSTREET HLDGS INC–0.7%$48.2m5.21m+27%added
ITRN ITURAN LOCATION AND CONTROLTechnology0.5%$35.2m1.41m−7.6%reduced
MAR MARRIOTT INTL INC NEWConsumer Cyclical0.5%$33.9m140,475−0.7%reduced
MLKN MILLERKNOLL INCConsumer Cyclical0.4%$31.1m1.16m−8.5%reduced
SEE1GBP SEALED AIR CORP NEW–0.4%$30.6m878,918−16%reduced
VRTS VIRTUS INVT PARTNERS INCFinancial Services0.4%$29.1m128,890−18%reduced
PRG PROG HOLDINGS INCIndustrials0.4%$27.4m789,920−19%reduced
SMRT SMARTRENT INCTechnology0.3%$21.5m9.00m−6.9%reduced
TKR TIMKEN COIndustrials0.3%$20.6m257,129−24%reduced
MEDP MEDPACE HLDGS INCHealthcare0.2%$15.9m38,600−50%reduced
ENS ENERSYSIndustrials0.2%$14.3m138,507−40%reduced
PK PARK HOTELS & RESORTS INCReal Estate0.2%$14.0m920,427−53%reduced
CCK CROWN HLDGS INCConsumer Cyclical0.2%$13.6m183,368+162%added
PLNT PLANET FITNESS INCConsumer Cyclical0.1%$7.2m97,386–new
AYI ACUITY INCIndustrials0.10%$6.7m27,828−20%reduced

Exited since Q1 2024

2 rows
BALL BALL CORP0.5%$37.5m
GE GENERAL ELECTRIC CO0.0%$247k

Sector mix

  • Technology34.4%
  • Financial Services19.3%
  • Real Estate12.1%
  • Consumer Cyclical10.7%
  • Communication Services8.7%
  • Industrials5.8%
  • Healthcare4.8%
  • Unclassified4.2%

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