Vulcan Value Partners 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Vulcan Value Partners disclosed 41 US equity positions worth $5.5bn in its Q4 2025 13F filing. The largest position was MSFT at 10.0% of the reported book, followed by EG and CRM. Against the Q3 2025 filing, it opened 3 new positions, added to 10 and reduced 26 among the top 41 holdings.
What did Vulcan Value Partners own in Q4 2025? Top 41 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | MSFT MICROSOFT CORP | Technology | 10.0% | $552.0m | 1,141,578 | -4% | reduced |
| 2 | EG EVEREST GROUP LTD | Financial Services | 9.2% | $512.3m | 1,509,740 | 7% | added |
| 3 | CRM SALESFORCE INC | Technology | 7.4% | $411.1m | 1,549,871 | -1% | reduced |
| 4 | AMZN AMAZON COM INC | Consumer Cyclical | 7.3% | $406.2m | 1,759,935 | -6% | reduced |
| 5 | UNH UNITEDHEALTH GROUP INC | Healthcare | 6.5% | $357.7m | 1,083,267 | -10% | reduced |
| 6 | TDG TRANSDIGM GROUP INC | Industrials | 5.8% | $320.0m | 240,620 | -4% | reduced |
| 7 | CSGP COSTAR GROUP INC | Real Estate | 5.4% | $301.5m | 4,485,021 | 17% | added |
| 8 | GOOG ALPHABET INC | Communication Services | 5.3% | $292.4m | 931,879 | -15% | reduced |
| 9 | ARES ARES MANAGEMENT CORPORATION | Financial Services | 4.9% | $274.3m | 1,696,856 | 26% | added |
| 10 | MA MASTERCARD INCORPORATED | Financial Services | 4.6% | $256.4m | 449,194 | -4% | reduced |
| 11 | V VISA INC | Financial Services | 4.6% | $255.2m | 727,685 | -3% | reduced |
| 12 | RYAN RYAN SPECIALTY HOLDINGS INC | Financial Services | 4.3% | $238.5m | 4,621,079 | 632% | added |
| 13 | ELV ELEVANCE HEALTH INC | Healthcare | 2.4% | $135.4m | 386,214 | -8% | reduced |
| 14 | KMX CARMAX INC | Consumer Cyclical | 2.0% | $113.2m | 2,928,832 | 26% | added |
| 15 | TPG TPG INC | Financial Services | 2.0% | $110.0m | 1,721,916 | -12% | reduced |
| 16 | NICE NICE LTD | Technology | 1.8% | $98.4m | 870,733 | 16% | added |
| 17 | FISV FISERV INC | 1.7% | $96.5m | 1,437,643 | 79% | added | |
| 18 | QRVO QORVO INC | Technology | 1.7% | $93.3m | 1,103,354 | -8% | reduced |
| 19 | TRU TRANSUNION | Financial Services | 1.6% | $91.0m | 1,062,584 | – | new |
| 20 | SWK STANLEY BLACK & DECKER INC | Industrials | 1.4% | $78.8m | 1,059,558 | -9% | reduced |
| 21 | IQV IQVIA HLDGS INC | Healthcare | 1.3% | $72.9m | 323,201 | -53% | reduced |
| 22 | HEI/A HEICO CORP NEW | 1.1% | $63.2m | 250,065 | -8% | reduced | |
| 23 | JLL JONES LANG LASALLE INC | Real Estate | 0.9% | $50.7m | 150,625 | -24% | reduced |
| 24 | LFUS LITTELFUSE INC | Technology | 0.9% | $48.6m | 192,212 | -2% | reduced |
| 25 | CCK CROWN HLDGS INC | Consumer Cyclical | 0.7% | $41.2m | 400,303 | -7% | reduced |
| 26 | G GENPACT LIMITED | Technology | 0.6% | $34.9m | 746,570 | -0% | held |
| 27 | ABM ABM INDS INC | Industrials | 0.5% | $27.9m | 658,777 | -1% | reduced |
| 28 | CIGI COLLIERS INTL GROUP INC | Real Estate | 0.5% | $27.1m | 184,403 | -1% | reduced |
| 29 | MEDP MEDPACE HLDGS INC | Healthcare | 0.5% | $26.6m | 47,306 | -76% | reduced |
| 30 | MLKN MILLERKNOLL INC | Consumer Cyclical | 0.5% | $25.7m | 1,389,715 | 24% | added |
| 31 | ITRN ITURAN LOCATION AND CONTROL | Technology | 0.4% | $23.4m | 540,059 | -10% | reduced |
| 32 | FBIN FORTUNE BRANDS INNOVATIONS I | Industrials | 0.3% | $17.7m | 353,520 | 18% | added |
| 33 | PRG PROG HOLDINGS INC | Industrials | 0.3% | $17.7m | 599,125 | -1% | reduced |
| 34 | SARO STANDARDAERO INC | Industrials | 0.2% | $13.6m | 473,415 | – | new |
| 35 | PK PARK HOTELS & RESORTS INC | Real Estate | 0.2% | $13.5m | 1,257,968 | 0% | held |
| 36 | VRTS VIRTUS INVT PARTNERS INC | Financial Services | 0.2% | $12.6m | 77,326 | -2% | reduced |
| 37 | TKR TIMKEN CO | Industrials | 0.2% | $11.6m | 138,434 | -44% | reduced |
| 38 | MIDD MIDDLEBY CORP | Industrials | 0.2% | $10.4m | 69,825 | -1% | reduced |
| 39 | SEALED AIR CORP NEW | 0.1% | $4.9m | 118,417 | -74% | reduced | |
| 40 | SPY SPDR S&P 500 ETF TR | 0.1% | $4.1m | 6,023 | 1888% | added | |
| 41 | ISHARES TR | 0.0% | $636.0k | 2,748 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.