C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q1 2014)

According to the SEC 13F filed on Aug 10, 2026, the Vulcan Value Partners portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2014. 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 2014, the filing reported:

New Buys - Albemarle Corporation, EnerSys, FactSet Research Systems Inc., Forward Air Corporation, Genpact, and 5 more

Increases - Apple Inc., ACI Worldwide, Inc., Franklin Resources, Inc., Cisco Systems, Inc., Curtiss-Wright Corporation, and 20 more

Reductions - The Bank of New York Mellon Cor, Chemed Corp, Check Point, Live Nation Entertainment, Inc., Marriott International, and 2 more

Complete Exits - NewMarket Corp, Revvity, Inc., John Wiley & Sons, Inc.

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 2014	AAPL Apple Inc.	Apple Inc.	Buy	+71,053	+15.5%	$284.79K	530,593
Q1 2014	ACIW ACI Worldwide, Inc.	ACI Worldwide, Inc.	Buy	+572,862	+50.4%	$101.13K	1,708,511
Q1 2014	ALB Albemarle Corporation	Albemarle Corporation	Buy - Position Entry	+271,480	-	$18.03K	271,480
Q1 2014	BEN Franklin Resources, Inc.	Franklin Resources, Inc.	Buy	+823,570	+26.1%	$215.57K	3,978,744
Q1 2014	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-681,689	-12.6%	$166.62K	4,721,424
Q1 2014	CHE Chemed Corp	Chemed Corp	Sell	-414,341	-31.9%	$79.02K	883,347
Q1 2014	CHKP Check Point	Check Point	Sell	-445,473	-36.0%	$53.53K	791,447
Q1 2014	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Buy	+1,059,892	+18.8%	$150.23K	6,702,276
Q1 2014	CW Curtiss-Wright Corporation	Curtiss-Wright Corporation	Buy	+117,626	+15.5%	$55.80K	878,133
Q1 2014	DCI Donaldson Company, Inc.	Donaldson Company, Inc.	Buy	+159,673	+35.5%	$25.86K	610,008
Q1 2014	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+211,921	+15.5%	$126.33K	1,577,752
Q1 2014	DOV Dover Corporation	Dover Corporation	Buy	+266,793	+21.5%	$123.07K	1,505,398
Q1 2014	EBAY eBay Inc.	eBay Inc.	Buy	+441,081	+14.1%	$196.76K	3,561,909
Q1 2014	EG Everest Group	Everest Group	Buy	+358,325	+25.9%	$266.83K	1,743,404
Q1 2014	ENS EnerSys	EnerSys	Buy - Position Entry	+463,479	-	$32.11K	463,479
Q1 2014	FDS FactSet Research Systems Inc.	FactSet Research Systems Inc.	Buy - Position Entry	+403	-	$43.00	403
Q1 2014	FICO Fair Isaac Corporation	Fair Isaac Corporation	Buy	+21,670	+2.7%	$46.09K	833,066
Q1 2014	FWRD Forward Air Corporation	Forward Air Corporation	Buy - Position Entry	+45,529	-	$2.10K	45,529
Q1 2014	G Genpact	Genpact	Buy - Position Entry	+1,603,656	-	$27.94K	1,603,656
Q1 2014	KN Knowles Corporation	Knowles Corporation	Buy - Position Entry	+1,260,042	-	$39.78K	1,260,042
Q1 2014	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Buy	+380,438	+13.6%	$122.91K	3,179,168
Q1 2014	LNN Lindsay Corporation	Lindsay Corporation	Buy	+142,293	+15.0%	$96.42K	1,093,474
Q1 2014	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Sell	-2,268,475	-76.3%	$15.33K	704,739
Q1 2014	M6158M104 Ituran	Ituran	Buy	+74,214	+3.9%	$49.35K	1,978,736
Q1 2014	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+2,137,349	+1122.2%	$173.89K	2,327,808
Q1 2014	MAR Marriott International	Marriott International	Sell	-473,724	-16.5%	$134.33K	2,397,851
Q1 2014	MSCI MSCI Inc.	MSCI Inc.	Buy	+188,927	+31.1%	$34.30K	797,247
Q1 2014	NDAQ Nasdaq, Inc.	Nasdaq, Inc.	Buy	+1,072,006	+26.7%	$188.12K	5,092,529
Q1 2014	NEU NewMarket Corp	NewMarket Corp	Sell - Position Exit	-45,747	-100.0%	$0.00	-
Q1 2014	NSP Insperity, Inc.	Insperity, Inc.	Buy	+685,648	+45.2%	$68.21K	2,201,752

Page 1 of 2