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Asset manager

Fiduciary Management Inc

13F for June 30, 2026, filed August 13, 2026 · SEC CIK 764532

Reported value
$7.0bn
96% in companies we cover
Positions we cover
47
Largest ARMK 5.3%
Copy, a year
+13.1%
S&P 500 +14.1%
Copy Sharpe ratio
0.68
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$51.0k
CopyS&P 500 $10,000 copying Fiduciary Management Inc's filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −36.3% (S&P 500 −31.8%); beta 0.97; alpha −0.2% a year (t = −0.11); last 12 months +22.9% against +12.1%.

Reported value by quarter

Fiduciary Management Inc: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $5T $10T Reported value, 2013-06-30: $16B Reported value, 2013-09-30: $16.4B Reported value, 2013-12-31: $19.1B Reported value, 2014-03-31: $18.5B Reported value, 2014-06-30: $19B Reported value, 2014-09-30: $18.6B Reported value, 2014-12-31: $20.1B Reported value, 2015-03-31: $19.3B Reported value, 2015-06-30: $19.2B Reported value, 2015-09-30: $18.1B Reported value, 2015-12-31: $17.6B Reported value, 2016-03-31: $17B Reported value, 2016-06-30: $16.4B Reported value, 2016-09-30: $15.9B Reported value, 2016-12-31: $16.3B Reported value, 2017-03-31: $17.3B Reported value, 2017-06-30: $16.7B Reported value, 2017-09-30: $16.9B Reported value, 2017-12-31: $16.3B Reported value, 2018-03-31: $16.3B Reported value, 2018-06-30: $15.6B Reported value, 2018-09-30: $16B Reported value, 2018-12-31: $14B Reported value, 2019-03-31: $15.3B Reported value, 2019-06-30: $15.6B Reported value, 2019-09-30: $15.4B Reported value, 2019-12-31: $16.1B Reported value, 2020-03-31: $11.5B Reported value, 2020-06-30: $11.9B Reported value, 2020-09-30: $12.1B Reported value, 2020-12-31: $13.2B Reported value, 2021-03-31: $13.3B Reported value, 2021-06-30: $13.6B Reported value, 2021-09-30: $13.4B Reported value, 2021-12-31: $13.6B Reported value, 2022-03-31: $12.4B Reported value, 2022-06-30: $10.6B Reported value, 2022-09-30: $9.5B Reported value, 2022-12-31: $9.9T Reported value, 2023-03-31: $9.9B Reported value, 2023-06-30: $9.9B Reported value, 2023-09-30: $9.8B Reported value, 2023-12-31: $10.7B Reported value, 2024-03-31: $11.2B Reported value, 2024-06-30: $10.7B Reported value, 2024-09-30: $11.4B Reported value, 2024-12-31: $10.7B Reported value, 2025-03-31: $10.4B Reported value, 2025-06-30: $10.4B Reported value, 2025-09-30: $9.9B Reported value, 2025-12-31: $9.1B Reported value, 2026-03-31: $8.1B Reported value, 2026-06-30: $7B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $7B
View chart data
Period Reported value
2013-06-30 $16B
2013-09-30 $16.4B
2013-12-31 $19.1B
2014-03-31 $18.5B
2014-06-30 $19B
2014-09-30 $18.6B
2014-12-31 $20.1B
2015-03-31 $19.3B
2015-06-30 $19.2B
2015-09-30 $18.1B
2015-12-31 $17.6B
2016-03-31 $17B
2016-06-30 $16.4B
2016-09-30 $15.9B
2016-12-31 $16.3B
2017-03-31 $17.3B
2017-06-30 $16.7B
2017-09-30 $16.9B
2017-12-31 $16.3B
2018-03-31 $16.3B
2018-06-30 $15.6B
2018-09-30 $16B
2018-12-31 $14B
2019-03-31 $15.3B
2019-06-30 $15.6B
2019-09-30 $15.4B
2019-12-31 $16.1B
2020-03-31 $11.5B
2020-06-30 $11.9B
2020-09-30 $12.1B
2020-12-31 $13.2B
2021-03-31 $13.3B
2021-06-30 $13.6B
2021-09-30 $13.4B
2021-12-31 $13.6B
2022-03-31 $12.4B
2022-06-30 $10.6B
2022-09-30 $9.5B
2022-12-31 $9.9T
2023-03-31 $9.9B
2023-06-30 $9.9B
2023-09-30 $9.8B
2023-12-31 $10.7B
2024-03-31 $11.2B
2024-06-30 $10.7B
2024-09-30 $11.4B
2024-12-31 $10.7B
2025-03-31 $10.4B
2025-06-30 $10.4B
2025-09-30 $9.9B
2025-12-31 $9.1B
2026-03-31 $8.1B
2026-06-30 $7B

Latest covered holdings and moves

Covered holdings as of June 30, 2026.

CompanyShare of portfolioValueSharesChange in shares
ARMKAramark5.28%$371.0m6.52M−38.4% Reduced
BKNGBooking Holdings4.71%$331.2m1.86M+1878.7% Added
NSITInsight Enterprises Inc3.81%$267.7m2.20M+17.2% Added
SCHWCharles Schwab Corporation3.01%$211.8m2.30M−33.8% Reduced
VVVValvoline Inc2.88%$202.5m5.12M+6.1% Added
HAYWHayward Holdings, Inc.2.88%$202.3m11.68M+33.7% Added
FERGFerguson Enterprises2.85%$200.5m844.9K−36.8% Reduced
CDWCDW Corporation2.79%$196.0m1.39M−3.4% Reduced
OMFOnemain Holdings, Inc.2.67%$187.8m3.08M+14.8% Added
ZIONZions Bancorporation, National Association2.55%$179.3m2.59M−7.1% Reduced
ATRAptargroup, Inc.2.54%$178.3m1.42M+13.7% Added
GTESGates Industrial Corp Ltd.2.46%$173.1m6.19MNew
CSLCarlisle Companies Inc2.31%$162.5m448.0K−9.3% Reduced
CVCOCavco Industries, Inc.2.19%$153.7m250.1K−6.5% Reduced
MWAMueller Water Products, Inc.2.17%$152.4m5.90M+42.0% Added
AVYAvery Dennison2.16%$151.9m935.8K−25.3% Reduced
PRIPrimerica, Inc.2.16%$151.8m534.2K−22.8% Reduced
HSICHenry Schein2.16%$151.8m1.82M−7.0% Reduced
COFCapital One2.15%$151.2m753.7K+28.7% Added
FCNFTI Consulting, Inc2.03%$142.7m958.0K+16.3% Added
CARRCarrier Global2.01%$141.1m1.92M−46.1% Reduced
WTMWhite Mountains Insurance Group LTD1.96%$138.0m66.5K−21.8% Reduced
LPXLouisiana-pacific Corp1.96%$137.7m1.75M+38.4% Added
UNHUnitedHealth Group1.93%$135.5m326.0K−8.9% Reduced
MASMasco1.81%$127.2m1.56M−34.0% Reduced
BDXBecton Dickinson1.79%$125.9m831.8K−32.9% Reduced
HLIHoulihan Lokey, Inc.1.79%$125.9m938.4K+16.8% Added
MSAMSA Safety Inc1.77%$124.6m713.8K+5.1% Added
ACGLArch Capital Group1.69%$118.9m1.23M−16.1% Reduced
HURNHuron Consulting Group Inc.1.66%$116.6m1.29M+43.2% Added
SUNBSunbelt Rentals Holdings, Inc.1.65%$116.2m1.55M−19.2% Reduced
DCIDonaldson Co Inc1.63%$114.8m1.28M−10.3% Reduced
ALLEAllegion1.61%$112.9m803.7K−22.2% Reduced
PGRProgressive Corporation1.59%$112.2m513.5K−11.4% Reduced
CNMCore & Main, Inc.1.58%$111.4m2.31M−7.0% Reduced
ULUnilever PLC1.53%$107.4m1.79M−22.1% Reduced
FBINFortune Brands Innovations, Inc.1.51%$105.9m1.93M−7.0% Reduced
PNCPNC Financial Services1.50%$105.2m427.2K−32.8% Reduced
DGXQuest Diagnostics1.46%$102.5m483.6K−32.9% Reduced
PHGKoninklijke Philips NV1.34%$94.1m3.46M−30.5% Reduced
BJBj's Wholesale Club Holdings, Inc.1.23%$86.2m988.2K+43.3% Added
DLTRDollar Tree1.22%$85.6m707.3K−33.7% Reduced
SSDSimpson Manufacturing Co., Inc.1.21%$84.7m404.8K−6.8% Reduced
RYAAYRyanair Holdings PLC1.18%$83.3m1.29M−10.8% Reduced
ALHAlliance Laundry Holdings Inc.0.84%$59.2m2.23MNew
RHIRobert Half Inc.0.67%$46.7m1.52M−10.9% Reduced
FCFSFirstcash Holdings, Inc.0.58%$41.0m189.7K−79.2% Reduced
CompanyBought (value)Shares
BKNGBooking Holdings$314.5m1.76M
GTESGates Industrial Corp Ltd.$173.1m6.19M
ALHAlliance Laundry Holdings Inc.$59.2m2.23M
HAYWHayward Holdings, Inc.$51.0m2.95M
MWAMueller Water Products, Inc.$45.1m1.75M
NSITInsight Enterprises Inc$39.2m322.2K
LPXLouisiana-pacific Corp$38.2m485.7K
HURNHuron Consulting Group Inc.$35.2m389.9K
COFCapital One$33.7m167.9K
BJBj's Wholesale Club Holdings, Inc.$26.1m298.8K
OMFOnemain Holdings, Inc.$24.2m397.2K
ATRAptargroup, Inc.$21.5m171.4K
FCNFTI Consulting, Inc$20.0m134.2K
HLIHoulihan Lokey, Inc.$18.1m134.8K
VVVValvoline Inc$11.6m293.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
ARMKAramark−$231.4m−4.07M
FCFSFirstcash Holdings, Inc.−$156.3m−722.4K
ARWArrow Electronics, Inc.−$150.4m−1.05M
SYYSysco−$133.8m−1.88M
CARRCarrier Global−$120.6m−1.64M
FERGFerguson Enterprises−$116.9m−492.4K
SCHWCharles Schwab Corporation−$107.9m−1.17M
GOOGLAlphabet Inc. (Class A)−$94.2m−327.7K
CCEPCoca-cola Europacific Partners plc−$72.7m−802.1K
MASMasco−$65.6m−805.9K
BDXBecton Dickinson−$61.7m−408.0K
AITApplied Industrial Technologies Inc−$54.6m−205.9K
AVYAvery Dennison−$51.4m−316.7K
PNCPNC Financial Services−$51.4m−208.8K
DGXQuest Diagnostics−$50.3m−237.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
ARWArrow Electronics, Inc.$150.4m1.05M
SYYSysco$133.8m1.88M
GOOGLAlphabet Inc. (Class A)$94.2m327.7K
CCEPCoca-cola Europacific Partners plc$72.7m802.1K
AITApplied Industrial Technologies Inc$54.6m205.9K
CTSCTS Corp$49.8m1.04M
  • Industrials35.1%
  • Financials22.5%
  • Consumer Discretionary15.6%
  • Health Care9.0%
  • Materials6.9%
  • Technology6.8%
  • Consumer Staples4.1%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+13.1%+14.1%0.680.78−36.3%0.97
2018 onwardsJanuary 5, 2018 to November 2, 2026+11.1%+13.9%0.490.66−36.3%0.96
Last three yearsNovember 3, 2023 to November 2, 2026+16.8%+21.8%0.811.16−17.5%0.80
Last yearNovember 7, 2025 to November 2, 2026+23.7%+14.2%1.280.84−11.1%0.51

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.