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Asset manager

River Road Asset Management, LLC

13F for the quarter to June 30, 2026, filed July 17, 2026 · SEC CIK 1341401

Reported value
$9.0bn
96% in companies we cover
Positions we cover
165
Largest BJ 3.3%
Copy, a year
+10.8%
S&P 500 +14.1%
Copy Sharpe ratio
0.57
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$38.7k
CopyS&P 500 $10,000 copying River Road Asset Management, LLC'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 −39.9% (S&P 500 −31.8%); beta 0.94; alpha −1.9% a year (t = −0.85); last 12 months +17.4% against +12.1%.

Reported value by quarter

River Road Asset Management, LLC: 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 $2T $4T $6T $8T Reported value, 2013-06-30: $8.1B Reported value, 2013-09-30: $8.1B Reported value, 2013-12-31: $9.2B Reported value, 2014-03-31: $9.2B Reported value, 2014-06-30: $7.6B Reported value, 2014-09-30: $7.1B Reported value, 2014-12-31: $7B Reported value, 2015-03-31: $7.2B Reported value, 2015-06-30: $6.8B Reported value, 2015-09-30: $6.5B Reported value, 2015-12-31: $5.8B Reported value, 2016-03-31: $5.6B Reported value, 2016-06-30: $4.7B Reported value, 2016-09-30: $4.9B Reported value, 2016-12-31: $5.2B Reported value, 2017-03-31: $5.3B Reported value, 2017-06-30: $5.2B Reported value, 2017-09-30: $5.1B Reported value, 2017-12-31: $5.3B Reported value, 2018-03-31: $4.9B Reported value, 2018-06-30: $4.8B Reported value, 2018-09-30: $4.8B Reported value, 2018-12-31: $4.1B Reported value, 2019-03-31: $4.5B Reported value, 2019-06-30: $5.1B Reported value, 2019-09-30: $5.3B Reported value, 2019-12-31: $6.3B Reported value, 2020-03-31: $4.5B Reported value, 2020-06-30: $5.8B Reported value, 2020-09-30: $6.1B Reported value, 2020-12-31: $7B Reported value, 2021-03-31: $8.3B Reported value, 2021-06-30: $9.3B Reported value, 2021-09-30: $9B Reported value, 2021-12-31: $9.4B Reported value, 2022-03-31: $9.1B Reported value, 2022-06-30: $7.1B Reported value, 2022-09-30: $6.7B Reported value, 2022-12-31: $7.3T Reported value, 2023-03-31: $7.3B Reported value, 2023-06-30: $7.2B Reported value, 2023-09-30: $7B Reported value, 2023-12-31: $7.2B Reported value, 2024-03-31: $7.4B Reported value, 2024-06-30: $7B Reported value, 2024-09-30: $7.6B Reported value, 2024-12-31: $7.5B Reported value, 2025-03-31: $7.4B Reported value, 2025-06-30: $7.9B Reported value, 2025-09-30: $8.9B Reported value, 2025-12-31: $9.1B Reported value, 2026-03-31: $8.8B Reported value, 2026-06-30: $9B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $9B
View chart data
Period Reported value
2013-06-30 $8.1B
2013-09-30 $8.1B
2013-12-31 $9.2B
2014-03-31 $9.2B
2014-06-30 $7.6B
2014-09-30 $7.1B
2014-12-31 $7B
2015-03-31 $7.2B
2015-06-30 $6.8B
2015-09-30 $6.5B
2015-12-31 $5.8B
2016-03-31 $5.6B
2016-06-30 $4.7B
2016-09-30 $4.9B
2016-12-31 $5.2B
2017-03-31 $5.3B
2017-06-30 $5.2B
2017-09-30 $5.1B
2017-12-31 $5.3B
2018-03-31 $4.9B
2018-06-30 $4.8B
2018-09-30 $4.8B
2018-12-31 $4.1B
2019-03-31 $4.5B
2019-06-30 $5.1B
2019-09-30 $5.3B
2019-12-31 $6.3B
2020-03-31 $4.5B
2020-06-30 $5.8B
2020-09-30 $6.1B
2020-12-31 $7B
2021-03-31 $8.3B
2021-06-30 $9.3B
2021-09-30 $9B
2021-12-31 $9.4B
2022-03-31 $9.1B
2022-06-30 $7.1B
2022-09-30 $6.7B
2022-12-31 $7.3T
2023-03-31 $7.3B
2023-06-30 $7.2B
2023-09-30 $7B
2023-12-31 $7.2B
2024-03-31 $7.4B
2024-06-30 $7B
2024-09-30 $7.6B
2024-12-31 $7.5B
2025-03-31 $7.4B
2025-06-30 $7.9B
2025-09-30 $8.9B
2025-12-31 $9.1B
2026-03-31 $8.8B
2026-06-30 $9B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
BJBj's Wholesale Club Holdings, Inc.3.27%$294.3m3.37M−3.7% Reduced
MGRCMcgrath Rentcorp2.75%$247.7m2.05M−5.3% Reduced
WTMWhite Mountains Insurance Group LTD2.67%$240.3m115.9K−3.8% Reduced
CXWCorecivic, Inc.2.45%$220.2m7.25M−19.6% Reduced
LADLithia Motors Inc2.21%$198.3m682.7K+4.6% Added
SAROStandardaero, Inc.2.19%$196.8m6.58MNew
MAAMid-America Apartment Communities2.05%$184.0m1.32M−7.3% Reduced
AMRZAmrize Ltd1.98%$177.6m3.33M+48.5% Added
ATRAptargroup, Inc.1.88%$169.1m1.35M+14.8% Added
GXOGXO Logistics, Inc.1.84%$165.4m3.26M−7.9% Reduced
LHLabcorp1.83%$164.9m589.1K+16.7% Added
COOThe Cooper Companies1.58%$142.0m1.98M+0.3%
GNWGenworth Financial Inc1.52%$137.0m14.47M−5.5% Reduced
AXPAmerican Express1.52%$136.7m404.1K+6.6% Added
CALMCal-maine Foods Inc1.48%$133.4m1.66M+20.9% Added
PLUSEplus Inc1.47%$131.7m1.58M−2.6% Reduced
CRHCRH plc1.45%$130.7m1.22M−5.0% Reduced
PRSUPursuit Attractions & Hospitality, Inc.1.24%$111.5m1.99M−3.9% Reduced
AWIArmstrong World Industries Inc1.24%$111.4m694.2K+149.1% Added
CHEChemed Corp1.23%$110.8m237.9K+231.5% Added
DISThe Walt Disney Company1.23%$110.5m1.15M+17.6% Added
IFFInternational Flavors & Fragrances1.20%$108.1m1.36M+8.4% Added
PGRProgressive Corporation1.14%$102.0m467.1K−3.1% Reduced
CACICACI International Inc1.12%$100.9m217.8K+45.9% Added
AXSAxis Capital Holdings LTD1.11%$99.9m929.7K−8.4% Reduced
METAMeta Platforms1.09%$97.7m173.4K+24780.6% Added
WTWWillis Towers Watson1.08%$97.2m371.9K−23.3% Reduced
HAEHaemonetics Corp1.07%$96.4m1.29M−3.2% Reduced
VNTVontier Corp1.06%$95.4m3.29M−1.1% Reduced
CEGConstellation Energy1.04%$93.4m376.0K+30.9% Added
DKDelek US Holdings, Inc.1.04%$93.4m1.84M−25.9% Reduced
AGOAssured Guaranty LTD1.03%$93.0m1.16M−38.7% Reduced
ICUIICU Medical Inc1.02%$91.8m626.3K−3.1% Reduced
AMZNAmazon1.00%$89.6m375.9K+15.1% Added
GEHCGE HealthCare0.94%$84.5m1.32M−1.7% Reduced
AOSA. O. Smith0.94%$84.5m1.35MNew
SFMSprouts Farmers Market, Inc.0.93%$83.3m985.4K+41.0% Added
FCNCAFirst Citizens Bancshares Inc0.92%$82.8m39.8K−20.7% Reduced
IMKTAIngles Markets Inc0.90%$81.1m916.0K−4.2% Reduced
UFPIUFP Industries Inc0.90%$80.7m889.2K−0.1%
WSCWillscot Holdings Corp0.89%$80.3m2.78M−5.2% Reduced
SRSpire Inc0.86%$77.6m993.1KNew
SWXSouthwest Gas Holdings, Inc.0.85%$76.7m865.2K−4.3% Reduced
PSMTPricesmart Inc0.85%$76.5m391.5K−34.9% Reduced
MDUMDU Resources Group Inc0.80%$72.2m3.40M−16.5% Reduced
TFXTeleflex Inc0.77%$69.5m548.2K−40.6% Reduced
MTNVail Resorts Inc0.75%$67.3m494.4K−1.9% Reduced
PAYCPaycom Software, Inc.0.73%$65.6m522.1K−3.2% Reduced
KDPKeurig Dr Pepper0.73%$65.2m1.99M−27.1% Reduced
PRKSUnited Parks & Resorts Inc.0.70%$63.2m1.32M−36.4% Reduced
BDXBecton Dickinson0.70%$62.6m413.7K−0.6% Reduced
DOLEDole plc0.70%$62.6m4.56M−2.9% Reduced
WEXWEX Inc.0.67%$60.0m424.9K−10.7% Reduced
UNPUnion Pacific Corporation0.67%$59.9m220.4K−54.7% Reduced
UGIUGI Corp0.66%$59.4m1.72M+121.0% Added
MUSAMurphy USA Inc.0.64%$57.4m106.4K−73.1% Reduced
WFCWells Fargo0.64%$57.3m693.2K−2.3% Reduced
NWENorthwestern Energy Group, Inc.0.64%$57.1m796.9K−20.8% Reduced
TTAMTitan America SA0.61%$55.3m2.96M−5.5% Reduced
OCOwens Corning0.60%$54.1m340.1K−5.1% Reduced
RYNRayonier Inc0.60%$53.8m2.53MNew
RTORentokil Initial PLC0.58%$52.6m1.84M−3.7% Reduced
DNOWDnow Inc.0.57%$51.1m3.94M−1.8% Reduced
LGIHLGI Homes, Inc.0.57%$50.9m798.5K−4.6% Reduced
PRPermian Resources Corp0.55%$49.8m2.71M−24.1% Reduced
SAICScience Applications International Corp0.55%$49.8m450.9K−6.6% Reduced
ABGAsbury Automotive Group Inc0.55%$49.7m247.2K−1.3% Reduced
ICLRIcon PLC0.55%$49.5m285.1K−22.9% Reduced
TRNTrinity Industries Inc0.53%$48.0m1.39MNew
GPCGenuine Parts Company0.52%$46.5m394.3K+146.2% Added
SNXTD Synnex Corp0.52%$46.4m173.6K−38.3% Reduced
INGMIngram Micro Holding Corp0.49%$44.2m1.61M−8.4% Reduced
MMSMaximus, Inc.0.45%$40.9m759.9K−8.0% Reduced
RDNRadian Group Inc0.45%$40.7m1.08M−4.1% Reduced
CNACNA Financial Corp0.43%$39.0m802.4K−5.4% Reduced
CSLCarlisle Companies Inc0.43%$38.9m107.2K−33.3% Reduced
HUBGHub Group, Inc.0.43%$38.3m874.0K−21.6% Reduced
HHHHoward Hughes Holdings Inc.0.39%$35.2m492.1K−3.6% Reduced
LMTLockheed Martin0.39%$35.1m68.9K+14.4% Added
HIIHuntington Ingalls Industries0.39%$34.8m124.4K−1.1% Reduced
SMPLSimply Good Foods Co0.38%$34.2m2.58M−14.1% Reduced
NOMDNomad Foods Ltd0.38%$34.0m3.11M−18.6% Reduced
BMRNBiomarin Pharmaceutical Inc0.35%$31.1m543.0K−40.8% Reduced
IRTIndependence Realty Trust, Inc.0.33%$29.2m1.75M+62.3% Added
CNNECannae Holdings, Inc.0.31%$27.6m1.92M−2.3% Reduced
KRKroger0.30%$27.0m486.7K−66.3% Reduced
LKQLKQ Corp0.30%$26.7m1.02M−24.7% Reduced
RPCRidgepost Capital, Inc.0.28%$25.6m3.25M−4.0% Reduced
ULUnilever PLC0.27%$24.6m408.9K−8.3% Reduced
ENOVEnovis Corp0.27%$24.4m1.18M−21.5% Reduced
JBIJanus International Group, Inc.0.27%$24.2m4.36M−3.1% Reduced
WCCWesco International Inc0.27%$24.2m70.0K−12.3% Reduced
CNHCNH Industrial N.V.0.25%$22.6m2.02M−3.5% Reduced
DEDeere & Company0.25%$22.3m35.2K−58.1% Reduced
ALGAlamo Group Inc0.25%$22.2m134.8K+231.1% Added
RPRXRoyalty Pharma plc0.24%$21.5m383.8K−5.8% Reduced
DINOHF Sinclair Corp0.24%$21.5m309.0K−53.8% Reduced
PNCPNC Financial Services0.22%$19.9m80.8K−7.5% Reduced
CBSHCommerce Bancshares Inc0.22%$19.6m340.0K0.0%
WMBWilliams Companies0.21%$19.0m255.8K−4.5% Reduced
FDXFFedEx Freight0.20%$18.5m122.3KNew
OTISOtis Worldwide0.20%$18.3m255.9KNew
PGNYProgyny, Inc.0.20%$18.3m635.0K−6.1% Reduced
TXNMTxnm Energy Inc0.20%$18.0m316.4K−12.3% Reduced
TNCTennant Co0.20%$17.8m203.7K−24.6% Reduced
TXNTexas Instruments0.19%$17.5m58.6K−4.0% Reduced
CCLCarnival Corporation0.19%$17.2m601.9KNew
EXPDExpeditors International0.19%$16.7m102.8K−12.0% Reduced
CBChubb Limited0.18%$15.9m46.8K−7.5% Reduced
UNFIUnited Natural Foods Inc0.17%$15.4m337.9K+50.5% Added
COKECoca-cola Consolidated, Inc.0.17%$15.2m79.8K−3.5% Reduced
MSFTMicrosoft Corporation0.17%$15.2m40.8K+489.7% Added
NMIHNMI Holdings, Inc.0.16%$14.7m358.3K−3.1% Reduced
BXCBluelinx Holdings Inc.0.16%$14.4m232.9K−4.5% Reduced
SSDSimpson Manufacturing Co., Inc.0.16%$14.1m67.4K−43.3% Reduced
TRIPTripadvisor, Inc.0.15%$13.8m1.00M−55.3% Reduced
KMIKinder Morgan0.14%$13.0m407.9K−4.1% Reduced
UNFUnifirst Corp0.14%$12.6m47.5K−90.5% Reduced
SBUXStarbucks0.14%$12.2m118.9K−5.8% Reduced
ELThe Estée Lauder Companies0.13%$11.8m149.8K+1.0% Added
TFIITFI International Inc.0.13%$11.7m81.7K+5.3% Added
GEOGEO Group Inc0.13%$11.7m395.1K−36.5% Reduced
ACIWACI Worldwide, Inc.0.13%$11.6m231.2K−13.5% Reduced
TLNTalen Energy Corp0.13%$11.4m29.6K−31.0% Reduced
MSGSMadison Square Garden Sports Corp.0.13%$11.3m28.1K−23.2% Reduced
APDAir Products0.12%$11.2m38.2K−6.0% Reduced
NWSANews Corp (Class A)0.12%$10.5m424.1K+0.8% Added
BROBrown & Brown0.11%$10.2m158.2K+0.7% Added
CPAYCorpay0.11%$10.1m30.3K−36.0% Reduced
AMTAmerican Tower0.11%$10.0m61.3K−6.0% Reduced
ITRNIturan Location & Control Ltd.0.11%$9.5m155.6K−49.1% Reduced
SSNCSS&C Technologies Holdings Inc0.10%$9.5m152.7K−68.4% Reduced
MUMicron Technology0.10%$9.3m8.0K−44.7% Reduced
JOEST JOE Co0.10%$9.2m146.7K+0.8% Added
APGApi Group Corp0.10%$9.0m211.8K+0.8% Added
MTDRMatador Resources Co0.10%$8.9m179.8K+1.1% Added
HTOH2o America0.09%$7.7m126.7KNew
QSRRestaurant Brands International Inc.0.09%$7.7m106.1K−9.5% Reduced
RPMRPM International Inc0.09%$7.6m68.5K−5.8% Reduced
LSTRLandstar System Inc0.08%$7.6m36.6K−70.5% Reduced
CELHCelsius Holdings, Inc.0.08%$7.4m253.4KNew
MDTMedtronic0.08%$7.4m94.8K−4.5% Reduced
ABBVAbbVie0.08%$7.4m29.2K−6.8% Reduced
DALDelta Air Lines0.08%$7.3m77.8K−93.0% Reduced
AMGNAmgen0.08%$7.0m19.4K−6.3% Reduced
WMGWarner Music Group Corp.0.08%$6.9m253.7K−53.9% Reduced
EOGEOG Resources0.08%$6.8m52.6K−5.6% Reduced
CRMSalesforce0.07%$6.7m43.0K−7.0% Reduced
QCOMQualcomm0.07%$6.7m36.5K+76.1% Added
AVTAvnet Inc0.07%$6.4m72.1K−36.6% Reduced
CompanyBought (value)Shares
SAROStandardaero, Inc.$196.8m6.58M
METAMeta Platforms$97.3m172.7K
AOSA. O. Smith$84.5m1.35M
SRSpire Inc$77.6m993.1K
CHEChemed Corp$77.4m166.2K
AWIArmstrong World Industries Inc$66.7m415.6K
AMRZAmrize Ltd$58.0m1.09M
RYNRayonier Inc$53.8m2.53M
TRNTrinity Industries Inc$48.0m1.39M
UGIUGI Corp$32.5m942.1K
CACICACI International Inc$31.7m68.5K
GPCGenuine Parts Company$27.6m234.2K
SFMSprouts Farmers Market, Inc.$24.2m286.7K
LHLabcorp$23.6m84.2K
CALMCal-maine Foods Inc$23.0m285.9K

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

CompanySold (value)Shares
MUSAMurphy USA Inc.−$155.9m−289.3K
UNFUnifirst Corp−$119.6m−452.3K
DALDelta Air Lines−$97.5m−1.04M
UNPUnion Pacific Corporation−$72.3m−265.8K
AGOAssured Guaranty LTD−$58.6m−731.1K
CXWCorecivic, Inc.−$53.6m−1.76M
KRKroger−$53.2m−957.8K
TFXTeleflex Inc−$47.4m−373.9K
LENLennar−$41.6m−479.0K
PSMTPricesmart Inc−$41.0m−209.7K
PRKSUnited Parks & Resorts Inc.−$36.2m−757.2K
BRBRBellring Brands, Inc.−$34.8m−2.16M
DKDelek US Holdings, Inc.−$32.7m−643.1K
DEDeere & Company−$30.9m−48.8K
EMBCEmbecta Corp.−$30.5m−3.45M

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

CompanyValue last quarterShares
LENLennar$41.6m479.0K
BRBRBellring Brands, Inc.$34.8m2.16M
EMBCEmbecta Corp.$30.5m3.45M
ACIAlbertsons Companies, Inc.$10.5m617.7K
VYXNCR Voyix Corp$9.8m1.55M
YELPYelp Inc$7.9m317.8K
OVVOvintiv Inc.$7.4m124.1K
MORNMorningstar, Inc.$7.1m42.1K
ZTSZoetis$5.4m46.1K
ACNAccenture$5.3m26.6K
BMYBristol Myers Squibb$3.9m64.2K
AESAES Corporation$3.3m236.1K
GLWCorning Inc.$2.8m20.7K
  • Industrials22.4%
  • Financials15.5%
  • Health Care11.6%
  • Consumer Staples11.3%
  • Consumer Discretionary9.3%
  • Materials7.7%
  • Technology7.4%
  • Utilities5.6%
  • Real Estate3.7%
  • Communication Services2.9%
  • Energy2.5%

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+10.8%+14.1%0.570.78−39.9%0.94
2018 onwardsJanuary 5, 2018 to November 2, 2026+9.9%+13.9%0.440.66−39.9%0.93
Last three yearsNovember 3, 2023 to November 2, 2026+14.9%+21.8%0.741.16−14.8%0.64
Last yearNovember 7, 2025 to November 2, 2026+17.4%+14.2%1.070.84−8.3%0.30

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.