C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q1 2021)

According to the SEC 13F filed on May 17, 2021, the Vulcan Value Partners portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2021. 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 2021, the filing reported:

New Buys - NVIDIA Corporation, SAP SE, Tempur Sealy International, Inc

Increases - ABM Industries Incorporated, Amazon.com, Inc., Colliers International Group In, Salesforce, Inc., CoStar Group, Inc., and 12 more

Reductions - Acuity Brands, Inc., The Carlyle Group Inc., Cerence Inc., CVS Health Corporation, Elevance Health, Inc., and 13 more

Complete Exits - None reported

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 2021	ABM ABM Industries Incorporated	ABM Industries Incorporated	Buy	+193,693	+15.8%	$72.53K	1,421,791
Q1 2021	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+70,896	+24.0%	$1.13M	366,266
Q1 2021	AYI Acuity Brands, Inc.	Acuity Brands, Inc.	Sell	-9,622	-3.1%	$49.67K	301,024
Q1 2021	CG The Carlyle Group Inc.	The Carlyle Group Inc.	Sell	-5,752,324	-22.6%	$722.96K	19,666,965
Q1 2021	CIGI Colliers International Group In	Colliers International Group In	Buy	+74,632	+13.2%	$62.96K	640,878
Q1 2021	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+1,107,432	+35.6%	$894.60K	4,222,384
Q1 2021	CRNC Cerence Inc.	Cerence Inc.	Sell	-107,499	-9.3%	$93.99K	1,049,229
Q1 2021	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Buy	+166,264	+33.4%	$545.39K	663,575
Q1 2021	CSL Carlisle Companies Incorporated	Carlisle Companies Incorporated	Buy	+133,320	+62.8%	$56.90K	345,754
Q1 2021	CVS CVS Health Corporation	CVS Health Corporation	Sell	-3,221,594	-99.7%	$658.00	8,751
Q1 2021	CW Curtiss-Wright Corporation	Curtiss-Wright Corporation	Buy	+32,862	+9.2%	$46.45K	391,637
Q1 2021	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-517,528	-28.5%	$466.56K	1,299,779
Q1 2021	ENS EnerSys	EnerSys	Sell	-100,500	-17.1%	$44.17K	486,481
Q1 2021	G2717B108 Cushman Wakefield	Cushman Wakefield	Buy	+136,714	+1.2%	$187.83K	11,509,353
Q1 2021	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-77,566	-19.0%	$685.85K	331,548
Q1 2021	HEI-A Heico Corporation	Heico Corporation	Buy	+1,015,754	+31.3%	$484.36K	4,263,689
Q1 2021	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Sell	-5,618,067	-93.3%	$48.55K	401,501
Q1 2021	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Sell	-2,317,106	-46.9%	$470.42K	2,627,447
Q1 2021	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-897,014	-3.6%	$1.18M	24,202,394
Q1 2021	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Sell	-17,870	-11.3%	$37.23K	140,780
Q1 2021	M6158M104 Ituran	Ituran	Sell	-321,544	-13.0%	$45.66K	2,150,866
Q1 2021	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+391,455	+11.9%	$1.31M	3,677,184
Q1 2021	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+335,839	+17.3%	$672.26K	2,282,486
Q1 2021	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Buy	+76,066	+7.1%	$47.32K	1,149,897
Q1 2021	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-124,464	-4.2%	$672.60K	2,852,769
Q1 2021	NVDA NVIDIA Corporation	NVIDIA Corporation	Buy - Position Entry	+1,415,791	-	$755.93K	1,415,791
Q1 2021	PK Park Hotels & Resorts Inc.	Park Hotels & Resorts Inc.	Sell	-2,154,426	-61.8%	$28.71K	1,330,362
Q1 2021	PRG PROG Holdings, Inc.	PROG Holdings, Inc.	Buy	+156,858	+17.3%	$46.07K	1,064,240
Q1 2021	QRVO Qorvo, Inc.	Qorvo, Inc.	Sell	-251,404	-5.4%	$799.07K	4,373,653
Q1 2021	SAP SAP SE	SAP SE	Buy - Position Entry	+4,497,599	-	$552.00K	4,497,599

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