C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q1 2026)

As of Mar 31, 2026, the Vulcan Value Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 11, 2026. 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 Q1 2026, the filing reported:

New Buys - NICE Ltd, ServiceNow, Inc.

Increases - StandardAero, Colliers International Group In, Medpace Holdings, Inc., Ryan Specialty Holdings, Inc., TPG Inc., and 1 more

Reductions - ABM Industries Incorporated, Amazon.com, Inc., Ares Management Corporation, Salesforce, Inc., Everest Group, and 20 more

Complete Exits - Crown Holdings, Inc., CoStar Group, Inc., iShares Russell 1000 Value ETF, The Middleby Corporation, Sealed Air Corporation, and 4 more

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

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2026	85423L103 StandardAero	StandardAero	Buy	+243,568	+51.4%	$18.55M	716,983
Q1 2026	ABM ABM Industries Incorporated	ABM Industries Incorporated	Sell	-28,481	-4.3%	$24.28M	630,296
Q1 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-164,067	-9.3%	$332.37M	1,595,868
Q1 2026	ARES Ares Management Corporation	Ares Management Corporation	Sell	-5,680	-0.3%	$184.51M	1,691,176
Q1 2026	CCK Crown Holdings, Inc.	Crown Holdings, Inc.	Sell - Position Exit	-400,303	-100.0%	$0.00	-
Q1 2026	CIGI Colliers International Group In	Colliers International Group In	Buy	+70,918	+38.5%	$27.29M	255,321
Q1 2026	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-1,353,068	-87.3%	$36.74M	196,803
Q1 2026	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell - Position Exit	-4,485,021	-100.0%	$0.00	-
Q1 2026	EG Everest Group	Everest Group	Sell	-147,875	-9.8%	$445.13M	1,361,865
Q1 2026	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-89,443	-23.2%	$86.88M	296,771
Q1 2026	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Sell	-9,957	-2.8%	$13.39M	343,563
Q1 2026	FI Fiserv, Inc.	Fiserv, Inc.	Sell	-342,984	-23.9%	$61.08M	1,094,659
Q1 2026	G Genpact	Genpact	Sell	-36,257	-4.9%	$26.46M	710,313
Q1 2026	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-255,323	-27.4%	$194.08M	676,556
Q1 2026	HEI-A Heico Corporation	Heico Corporation	Sell	-71,609	-28.6%	$37.67M	178,456
Q1 2026	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Sell	-75,100	-23.2%	$42.31M	248,101
Q1 2026	IWD iShares Russell 1000 Value ETF	iShares Russell 1000 Value ETF	Sell - Position Exit	-2,748	-100.0%	$0.00	-
Q1 2026	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Sell	-41,076	-27.3%	$33.34M	109,549
Q1 2026	KMX CarMax Inc	CarMax Inc	Sell	-723,956	-24.7%	$91.68M	2,204,876
Q1 2026	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Sell	-114,105	-59.4%	$26.51M	78,107
Q1 2026	M6158M104 Ituran	Ituran	Sell	-46,219	-8.6%	$24.20M	493,840
Q1 2026	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-66,015	-14.7%	$191.46M	383,179
Q1 2026	MEDP Medpace Holdings, Inc.	Medpace Holdings, Inc.	Buy	+155,762	+329.3%	$97.51M	203,068
Q1 2026	MIDD The Middleby Corporation	The Middleby Corporation	Sell - Position Exit	-69,825	-100.0%	$0.00	-
Q1 2026	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-65,106	-4.7%	$19.15M	1,324,609
Q1 2026	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-32,587	-2.9%	$410.52M	1,108,991
Q1 2026	NICE NICE Ltd	NICE Ltd	Buy - Position Entry	+572,311	-	$63.10M	572,311
Q1 2026	NOW ServiceNow, Inc.	ServiceNow, Inc.	Buy - Position Entry	+533,817	-	$55.81M	533,817
Q1 2026	PK Park Hotels & Resorts Inc.	Park Hotels & Resorts Inc.	Sell	-62,133	-4.9%	$12.59M	1,195,835
Q1 2026	PRG PROG Holdings, Inc.	PROG Holdings, Inc.	Sell	-32,811	-5.5%	$16.25M	566,314

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