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

As of Mar 31, 2014, 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 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

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