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Asset manager

Vulcan Value Partners, LLC

13F for the quarter to June 30, 2026, filed August 10, 2026 · SEC CIK 1556785

Reported value
$3.3bn
92% in companies we cover
Positions we cover
32
Largest EG 11.3%
Copy, a year
+10.9%
S&P 500 +14.1%
Copy Sharpe ratio
0.49
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $57.0k$39.1k
CopyS&P 500 $10,000 copying Vulcan Value Partners, 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 −46.6% (S&P 500 −31.8%); beta 1.14; alpha −3.5% a year (t = −1.06); last 12 months −22.6% against +12.1%.

Reported value by quarter

Vulcan Value Partners, 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 $10B $20B $30B $40B Reported value, 2013-06-30: $2.3B Reported value, 2013-09-30: $3.3B Reported value, 2013-12-31: $4.8B Reported value, 2014-03-31: $5.7B Reported value, 2014-06-30: $6.8B Reported value, 2014-09-30: $7B Reported value, 2014-12-31: $8.8B Reported value, 2015-03-31: $10B Reported value, 2015-06-30: $10.6B Reported value, 2015-09-30: $10.3B Reported value, 2015-12-31: $10.8B Reported value, 2016-03-31: $11.1B Reported value, 2016-06-30: $10.2B Reported value, 2016-09-30: $10.9B Reported value, 2016-12-31: $11.2B Reported value, 2017-03-31: $11.6B Reported value, 2017-06-30: $11.2B Reported value, 2017-09-30: $11.7B Reported value, 2017-12-31: $12.2B Reported value, 2018-03-31: $12.4B Reported value, 2018-06-30: $12.9B Reported value, 2018-09-30: $13.7B Reported value, 2018-12-31: $10.8B Reported value, 2019-03-31: $11.6B Reported value, 2019-06-30: $11.2B Reported value, 2019-09-30: $11.8B Reported value, 2019-12-31: $13B Reported value, 2020-03-31: $9.6B Reported value, 2020-06-30: $12.7B Reported value, 2020-09-30: $12.9B Reported value, 2020-12-31: $15.5B Reported value, 2021-03-31: $16.9B Reported value, 2021-06-30: $18.4B Reported value, 2021-09-30: $18.6B Reported value, 2021-12-31: $39.1B Reported value, 2022-03-31: $16.3B Reported value, 2022-06-30: $10.2B Reported value, 2022-09-30: $8.5B Reported value, 2022-12-31: $7.4B Reported value, 2023-03-31: $7.9M Reported value, 2023-06-30: $8M Reported value, 2023-09-30: $6.6M Reported value, 2023-12-31: $6.8M Reported value, 2024-03-31: $6.9M Reported value, 2024-06-30: $7.1M Reported value, 2024-09-30: $6B Reported value, 2024-12-31: $6B Reported value, 2025-03-31: $5.3B Reported value, 2025-06-30: $5.7B Reported value, 2025-09-30: $5.5B Reported value, 2025-12-31: $98.4K Reported value, 2026-03-31: $3.8B Reported value, 2026-06-30: $3.3B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $3.3B
View chart data
Period Reported value
2013-06-30 $2.3B
2013-09-30 $3.3B
2013-12-31 $4.8B
2014-03-31 $5.7B
2014-06-30 $6.8B
2014-09-30 $7B
2014-12-31 $8.8B
2015-03-31 $10B
2015-06-30 $10.6B
2015-09-30 $10.3B
2015-12-31 $10.8B
2016-03-31 $11.1B
2016-06-30 $10.2B
2016-09-30 $10.9B
2016-12-31 $11.2B
2017-03-31 $11.6B
2017-06-30 $11.2B
2017-09-30 $11.7B
2017-12-31 $12.2B
2018-03-31 $12.4B
2018-06-30 $12.9B
2018-09-30 $13.7B
2018-12-31 $10.8B
2019-03-31 $11.6B
2019-06-30 $11.2B
2019-09-30 $11.8B
2019-12-31 $13B
2020-03-31 $9.6B
2020-06-30 $12.7B
2020-09-30 $12.9B
2020-12-31 $15.5B
2021-03-31 $16.9B
2021-06-30 $18.4B
2021-09-30 $18.6B
2021-12-31 $39.1B
2022-03-31 $16.3B
2022-06-30 $10.2B
2022-09-30 $8.5B
2022-12-31 $7.4B
2023-03-31 $7.9M
2023-06-30 $8M
2023-09-30 $6.6M
2023-12-31 $6.8M
2024-03-31 $6.9M
2024-06-30 $7.1M
2024-09-30 $6B
2024-12-31 $6B
2025-03-31 $5.3B
2025-06-30 $5.7B
2025-09-30 $5.5B
2025-12-31 $98.4K
2026-03-31 $3.8B
2026-06-30 $3.3B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
EGEverest Group11.28%$370.4m1.04M−23.9% Reduced
MSFTMicrosoft Corporation11.21%$368.1m986.9K−11.0% Reduced
RYANRyan Specialty Holdings, Inc.9.10%$298.8m7.91M+20.0% Added
MAMastercard7.86%$258.3m503.0K+31.3% Added
AMZNAmazon7.20%$236.6m992.8K−37.8% Reduced
TDGTransDigm Group6.91%$227.0m170.4K−7.5% Reduced
ARESAres Management6.45%$211.8m1.90M+12.5% Added
TRUTransunion5.95%$195.3m2.71M−15.6% Reduced
VVisa Inc.4.84%$158.9m463.3K−27.6% Reduced
TPGTPG Inc.2.92%$95.8m2.36M+18.9% Added
MEDPMedpace Holdings, Inc.2.29%$75.1m141.7K−30.2% Reduced
ELVElevance Health1.83%$60.3m155.9K−47.5% Reduced
NOWServiceNow1.74%$57.1m574.8K+7.7% Added
IQVIQVIA1.53%$50.2m259.9K+4.7% Added
KMXCarmax Inc1.47%$48.3m912.6K−58.6% Reduced
FISVFiserv1.33%$43.8m894.0K−18.3% Reduced
NICENice Ltd.1.32%$43.5m478.4K−16.4% Reduced
JLLJones Lang Lasalle Inc0.91%$29.8m96.3K−12.1% Reduced
UNHUnitedHealth Group0.85%$28.0m67.3K−92.6% Reduced
CRMSalesforce0.78%$25.7m164.0K−16.7% Reduced
CIGIColliers International Group Inc.0.60%$19.9m211.9K−17.0% Reduced
ABMABM Industries Inc0.60%$19.8m448.6K−28.8% Reduced
MLKNMillerknoll, Inc.0.52%$17.1m838.2K−36.7% Reduced
EFXEquifax0.44%$14.4m90.7KNew
GGenpact LTD0.44%$14.3m521.6K−26.6% Reduced
SAROStandardaero, Inc.0.41%$13.5m450.3K−37.2% Reduced
PRGProg Holdings, Inc.0.40%$13.1m281.1K−50.4% Reduced
FBINFortune Brands Innovations, Inc.0.36%$11.8m214.8K−37.5% Reduced
BMIBadger Meter Inc0.31%$10.2m68.7KNew
LFUSLittelfuse Inc0.24%$7.9m17.4K−77.7% Reduced
ITRNIturan Location & Control Ltd.0.23%$7.6m124.0K−74.9% Reduced
VEEVVeeva Systems Inc0.12%$3.8m21.2KNew
CompanyBought (value)Shares
MAMastercard$61.5m119.8K
RYANRyan Specialty Holdings, Inc.$49.7m1.32M
ARESAres Management$23.5m211.4K
TPGTPG Inc.$15.2m375.8K
EFXEquifax$14.4m90.7K
BMIBadger Meter Inc$10.2m68.7K
NOWServiceNow$4.1m41.0K
VEEVVeeva Systems Inc$3.8m21.2K
IQVIQVIA$2.3m11.8K

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

CompanySold (value)Shares
UNHUnitedHealth Group−$351.4m−845.4K
AMZNAmazon−$143.7m−603.1K
EGEverest Group−$116.1m−325.0K
KMXCarmax Inc−$68.3m−1.29M
VVisa Inc.−$60.4m−176.2K
ELVElevance Health−$54.5m−140.9K
MSFTMicrosoft Corporation−$45.5m−122.1K
TRUTransunion−$36.1m−500.2K
MEDPMedpace Holdings, Inc.−$32.5m−61.3K
LFUSLittelfuse Inc−$27.6m−60.7K
ITRNIturan Location & Control Ltd.−$22.6m−369.8K
TDGTransDigm Group−$18.4m−13.8K
PRGProg Holdings, Inc.−$13.3m−285.2K
PKPark Hotels & Resorts Inc.−$12.6m−1.20M
MLKNMillerknoll, Inc.−$10.0m−486.5K

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

CompanyValue last quarterShares
PKPark Hotels & Resorts Inc.$12.6m1.20M
  • Financials47.8%
  • Technology17.6%
  • Industrials16.4%
  • Consumer Discretionary9.4%
  • Health Care7.2%
  • Real Estate1.6%

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+10.9%+14.1%0.490.78−46.6%1.14
2018 onwardsJanuary 5, 2018 to November 2, 2026+8.7%+13.9%0.350.66−46.6%1.14
Last three yearsNovember 3, 2023 to November 2, 2026+6.7%+21.8%0.201.16−37.9%0.89
Last yearNovember 7, 2025 to November 2, 2026−21.2%+14.2%−0.640.84−37.9%0.35

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.