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

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, 2015. 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	-

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