C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q1 2017)

As of Mar 31, 2017, 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 2017, the filing reported:

New Buys - Moody's Corporation, Northern Trust Corporation, Park Hotels & Resorts Inc., S&P Global Inc.

Increases - The Bank of New York Mellon Cor, CBRE Group Inc, Choice Hotels International, In, CVS Health Corporation, EnerSys, and 9 more

Reductions - ACI Worldwide, Inc., Boeing Company (The), Cardinal Health, Inc., Cencora, Inc., Cisco Systems, Inc., and 18 more

Complete Exits - Franklin Resources, Inc., iShares Russell 1000 Value ETF, SPDR S&P 500

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 2017	ACIW ACI Worldwide, Inc.	ACI Worldwide, Inc.	Sell	-283,437	-3.1%	$189.75K	8,871,216
Q1 2017	BA Boeing Company (The)	Boeing Company (The)	Sell	-213,950	-11.5%	$291.21K	1,646,573
Q1 2017	BEN Franklin Resources, Inc.	Franklin Resources, Inc.	Sell - Position Exit	-5,400,910	-100.0%	$0.00	-
Q1 2017	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+87,582	+1.5%	$283.44K	6,001,339
Q1 2017	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Sell	-41,518	-1.0%	$349.95K	4,291,200
Q1 2017	CBRE CBRE Group Inc	CBRE Group Inc	Buy	+574,954	+7.7%	$281.27K	8,084,900
Q1 2017	CHH Choice Hotels International, In	Choice Hotels International, In	Buy	+3,532	+0.6%	$37.25K	595,005
Q1 2017	COR Cencora, Inc.	Cencora, Inc.	Sell	-111,585	-2.1%	$471.64K	5,329,275
Q1 2017	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell	-2,842,175	-48.4%	$102.39K	3,029,164
Q1 2017	CVS CVS Health Corporation	CVS Health Corporation	Buy	+2,252,242	+42.2%	$595.54K	7,586,549
Q1 2017	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-607,240	-27.9%	$178.09K	1,570,614
Q1 2017	EG Everest Group	Everest Group	Sell	-421,229	-21.3%	$364.75K	1,560,031
Q1 2017	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-1,319,569	-43.3%	$286.23K	1,730,750
Q1 2017	ENS EnerSys	EnerSys	Buy	+27,958	+5.0%	$46.45K	588,403
Q1 2017	FOSL Fossil Group, Inc.	Fossil Group, Inc.	Buy	+18,152	+0.2%	$198.72K	11,387,845
Q1 2017	FWRD Forward Air Corporation	Forward Air Corporation	Buy	+12,679	+1.2%	$50.86K	1,069,114
Q1 2017	G0692U109 Axis Capital	Axis Capital	Sell	-1,467,778	-18.5%	$434.06K	6,475,573
Q1 2017	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Sell	-9,009,626	-67.5%	$253.78K	4,341,075
Q1 2017	IWD iShares Russell 1000 Value ETF	iShares Russell 1000 Value ETF	Sell - Position Exit	-3,203	-100.0%	$0.00	-
Q1 2017	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Buy	+124,313	+10.1%	$151.49K	1,359,221
Q1 2017	LNN Lindsay Corporation	Lindsay Corporation	Sell	-15,367	-2.6%	$49.90K	566,218
Q1 2017	M6158M104 Ituran	Ituran	Sell	-26,191	-0.8%	$105.59K	3,422,591
Q1 2017	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+41,950	+1.1%	$434.77K	3,865,633
Q1 2017	MCK McKesson Corporation	McKesson Corporation	Sell	-60,314	-1.7%	$504.21K	3,400,880
Q1 2017	MCO Moody's Corporation	Moody's Corporation	Buy - Position Entry	+1,653,477	-	$185.25K	1,653,477
Q1 2017	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Buy	+70,836	+7.5%	$32.20K	1,020,537
Q1 2017	NTRS Northern Trust Corporation	Northern Trust Corporation	Buy - Position Entry	+1,763,224	-	$152.66K	1,763,224
Q1 2017	ORCL Oracle Corporation	Oracle Corporation	Buy	+75,069	+0.3%	$1.01M	22,708,953
Q1 2017	OUT OUTFRONT Media Inc.	OUTFRONT Media Inc.	Sell	-281,429	-29.4%	$17.98K	677,111
Q1 2017	PH Parker-Hannifin Corporation	Parker-Hannifin Corporation	Sell	-12,962	-1.1%	$179.15K	1,117,459

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