C.T. Fitzpatrick – Vulcan Value Partners Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Vulcan Value Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 13, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – IQVIA Holdings, Inc. (IQV), SS&C Technologies Holdings, Inc (SSNC)

Increases – Ares Management Corporation (ARES), UnitedHealth Group Incorporated (UNH), Salesforce, Inc. (CRM), Stanley Black & Decker, Inc. (SWK), Amazon.com, Inc. (AMZN), and 6 more

Reductions – The Middleby Corporation (MIDD), Virtus Investment Partners, Inc (VRTS), MillerKnoll, Inc. (MLKN), PROG Holdings, Inc. (PRG), Transdigm Group Incorporated (TDG), and 20 more

Complete Exits – Cushman Wakefield (G2717B108), Dun & Bradstreet Holdings, Inc. (DNB), The Carlyle Group Inc. (CG)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Vulcan Value Partners Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q2 2025Jun 30, 2025	ARES Ares Management Corporation	Ares Management Corporation	Buy	+1,082,259+780.7%	$217.27M	1,220,881
Q2 2025Jun 30, 2025	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+1,069,239+696.2%	$395.12M	1,222,825
Q2 2025Jun 30, 2025	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Buy - Position Entry	+668,756	$114.25M	668,756
Q2 2025Jun 30, 2025	SSNC SS&C Technologies Holdings, Inc	SS&C Technologies Holdings, Inc	Buy - Position Entry	+474,715	$43.41M	474,715
Q2 2025Jun 30, 2025	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+344,762+47.6%	$300.01M	1,068,324
Q2 2025Jun 30, 2025	SWK Stanley Black & Decker, Inc.	Stanley Black & Decker, Inc.	Buy	+204,045+21.7%	$85.48M	1,142,185
Q2 2025Jun 30, 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+184,502+10.5%	$439.23M	1,939,874
Q2 2025Jun 30, 2025	TPG TPG Inc.	TPG Inc.	Buy	+165,534+9.1%	$113.47M	1,984,910
Q2 2025Jun 30, 2025	SEE Sealed Air Corporation	Sealed Air Corporation	Buy	+152,711+22.8%	$25.48M	821,208
Q2 2025Jun 30, 2025	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Buy	+142,127+77.9%	$16.72M	324,692
Q2 2025Jun 30, 2025	TKR Timken Company (The)	Timken Company (The)	Buy	+100,106+56.1%	$20.21M	278,516
Q2 2025Jun 30, 2025	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Buy	+29,205+12.8%	$58.22M	256,760
Q2 2025Jun 30, 2025	PK Park Hotels & Resorts Inc.	Park Hotels & Resorts Inc.	Buy	+27,312+2.8%	$10.51M	1,002,586
Q2 2025Jun 30, 2025	MIDD The Middleby Corporation	The Middleby Corporation	Sell	-99-0.3%	$4.21M	29,251
Q2 2025Jun 30, 2025	VRTS Virtus Investment Partners, Inc	Virtus Investment Partners, Inc	Sell	-260-0.3%	$15.68M	86,440
Q2 2025Jun 30, 2025	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-3,188-0.3%	$21.98M	1,120,968
Q2 2025Jun 30, 2025	PRG PROG Holdings, Inc.	PROG Holdings, Inc.	Sell	-3,196-0.5%	$19.92M	678,550
Q2 2025Jun 30, 2025	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Sell	-17,431-7.0%	$361.01M	231,595
Q2 2025Jun 30, 2025	CIGI Colliers International Group In	Colliers International Group In	Sell	-21,150-7.6%	$33.60M	257,173
Q2 2025Jun 30, 2025	MEDP Medpace Holdings, Inc.	Medpace Holdings, Inc.	Sell	-38,457-11.8%	$96.86M	287,459
Q2 2025Jun 30, 2025	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Sell	-55,771-10.4%	$131.29M	480,292
Q2 2025Jun 30, 2025	G Genpact	Genpact	Sell	-59,876-7.8%	$31.06M	705,739
Q2 2025Jun 30, 2025	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-81,031-5.2%	$215.38M	1,491,792
Q2 2025Jun 30, 2025	EG Everest Group	Everest Group	Sell	-83,745-6.3%	$435.66M	1,244,987
Q2 2025Jun 30, 2025	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-85,143-22.5%	$123.83M	293,731
Q2 2025Jun 30, 2025	ABM ABM Industries Incorporated	ABM Industries Incorporated	Sell	-103,882-12.9%	$33.05M	699,964
Q2 2025Jun 30, 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-110,993-6.0%	$320.18M	1,750,416
Q2 2025Jun 30, 2025	M6158M104 Ituran	Ituran	Sell	-113,341-14.8%	$25.44M	650,676
Q2 2025Jun 30, 2025	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-136,454-23.8%	$253.80M	437,891
Q2 2025Jun 30, 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-174,645-12.5%	$623.71M	1,218,494

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