C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q1 2015)

As of Mar 31, 2015, 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 2015, the filing reported:

New Buys - Emerson Electric Company, Schlumberger N.V., SPDR S&P 500

Increases - ACI Worldwide, Inc., Boeing Company (The), Franklin Resources, Inc., The Bank of New York Mellon Cor, Chemed Corp, and 24 more

Reductions - Apple Inc., Colgate-Palmolive Company, Cisco Systems, Inc., Curtiss-Wright Corporation, Everest Group, and 8 more

Complete Exits - Avery Dennison Corporation, CME Group Inc., eBay Inc., Genpact, Coca-Cola Company (The), and 3 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 2015	AAPL Apple Inc.	Apple Inc.	Sell	-1,351,814	-68.4%	$77.64K	623,931
Q1 2015	ACIW ACI Worldwide, Inc.	ACI Worldwide, Inc.	Buy	+1,619,755	+17.6%	$234.86K	10,843,099
Q1 2015	AVY Avery Dennison Corporation	Avery Dennison Corporation	Sell - Position Exit	-353,019	-100.0%	$0.00	-
Q1 2015	BA Boeing Company (The)	Boeing Company (The)	Buy	+81,318	+4.0%	$316.00K	2,105,518
Q1 2015	BEN Franklin Resources, Inc.	Franklin Resources, Inc.	Buy	+1,122,144	+18.4%	$369.80K	7,205,752
Q1 2015	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+706,837	+13.4%	$239.93K	5,962,334
Q1 2015	CHE Chemed Corp	Chemed Corp	Buy	+725	+0.5%	$17.60K	147,434
Q1 2015	CHKP Check Point	Check Point	Buy	+126,465	+6.8%	$161.98K	1,976,125
Q1 2015	CL Colgate-Palmolive Company	Colgate-Palmolive Company	Sell	-413,138	-29.7%	$67.78K	977,566
Q1 2015	CME CME Group Inc.	CME Group Inc.	Sell - Position Exit	-358	-100.0%	$0.00	-
Q1 2015	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell	-3,220,882	-44.9%	$108.71K	3,949,574
Q1 2015	CW Curtiss-Wright Corporation	Curtiss-Wright Corporation	Sell	-268,955	-26.5%	$55.30K	747,832
Q1 2015	DCI Donaldson Company, Inc.	Donaldson Company, Inc.	Buy	+144,525	+23.4%	$28.75K	762,513
Q1 2015	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+19,525	+0.8%	$248.88K	2,372,764
Q1 2015	DOV Dover Corporation	Dover Corporation	Buy	+527,221	+14.9%	$281.02K	4,065,646
Q1 2015	EBAY eBay Inc.	eBay Inc.	Sell - Position Exit	-127,561	-100.0%	$0.00	-
Q1 2015	EG Everest Group	Everest Group	Sell	-108,893	-4.9%	$328.79K	2,095,897
Q1 2015	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-695,129	-57.4%	$79.55K	515,203
Q1 2015	EMR Emerson Electric Company	Emerson Electric Company	Buy - Position Entry	+1,414,971	-	$80.12K	1,414,971
Q1 2015	ENS EnerSys	EnerSys	Buy	+63,982	+4.4%	$96.56K	1,503,184
Q1 2015	EXPO Exponent, Inc.	Exponent, Inc.	Buy	+677	+0.3%	$19.96K	224,565
Q1 2015	FOSL Fossil Group, Inc.	Fossil Group, Inc.	Buy	+3,008,850	+190.6%	$378.25K	4,587,694
Q1 2015	FWRD Forward Air Corporation	Forward Air Corporation	Sell	-70,828	-9.9%	$35.06K	645,651
Q1 2015	G Genpact	Genpact	Sell - Position Exit	-1,913,798	-100.0%	$0.00	-
Q1 2015	G0692U109 Axis Capital	Axis Capital	Buy	+5,380,540	+306.4%	$368.11K	7,136,601
Q1 2015	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell - Position Exit	-666	-100.0%	$0.00	-
Q1 2015	LNN Lindsay Corporation	Lindsay Corporation	Buy	+39,167	+5.2%	$60.28K	790,582
Q1 2015	M6158M104 Ituran	Ituran	Buy	+48,293	+2.0%	$53.41K	2,427,554
Q1 2015	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-632,480	-15.6%	$296.46K	3,431,706
Q1 2015	MAR Marriott International	Marriott International	Sell - Position Exit	-844	-100.0%	$0.00	-

Page 1 of 2