C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q1 2025)

According to the SEC 13F filed on May 08, 2025, the Vulcan Value Partners portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2025. 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 2025, the filing reported:

New Buys - Stanley Black & Decker, Inc., TPG Inc.

Increases - Dun & Bradstreet Holdings, Inc., Everest Group, Fortune Brands Innovations, Inc, Jones Lang LaSalle Incorporated, Littelfuse, Inc., and 6 more

Reductions - ABM Industries Incorporated, Amazon.com, Inc., Ares Management Corporation, CBRE Group Inc, Crown Holdings, Inc., and 21 more

Complete Exits - Abbott Laboratories, Diageo plc, EnerSys, Fiserv, Inc., Intercontinental Hotels Group, and 7 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 2025	ABM ABM Industries Incorporated	ABM Industries Incorporated	Sell	-48,649	-5.7%	$38.07M	803,846
Q1 2025	ABT Abbott Laboratories	Abbott Laboratories	Sell - Position Exit	-370,518	-100.0%	$0.00	-
Q1 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-181,304	-9.4%	$334.04M	1,755,372
Q1 2025	ARES Ares Management Corporation	Ares Management Corporation	Sell	-220,457	-61.4%	$20.36M	138,622
Q1 2025	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-460,505	-22.6%	$205.70M	1,572,823
Q1 2025	CCK Crown Holdings, Inc.	Crown Holdings, Inc.	Sell	-78,520	-9.5%	$66.75M	745,171
Q1 2025	CG The Carlyle Group Inc.	The Carlyle Group Inc.	Sell	-153,158	-2.9%	$225.91M	5,180,438
Q1 2025	CIGI Colliers International Group In	Colliers International Group In	Sell	-21,865	-7.3%	$33.76M	278,323
Q1 2025	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-26,004	-3.5%	$194.20M	723,562
Q1 2025	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-265,961	-5.2%	$382.95M	4,833,477
Q1 2025	DEO Diageo plc	Diageo plc	Sell - Position Exit	-91,776	-100.0%	$0.00	-
Q1 2025	DNB Dun & Bradstreet Holdings, Inc.	Dun & Bradstreet Holdings, Inc.	Buy	+1,373,476	+50.3%	$36.68M	4,103,360
Q1 2025	EG Everest Group	Everest Group	Buy	+350,019	+35.8%	$482.83M	1,328,732
Q1 2025	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-15,018	-3.8%	$164.73M	378,874
Q1 2025	ENS EnerSys	EnerSys	Sell - Position Exit	-109,472	-100.0%	$0.00	-
Q1 2025	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Buy	+30,671	+20.2%	$11.11M	182,565
Q1 2025	FI Fiserv, Inc.	Fiserv, Inc.	Sell - Position Exit	-146,008	-100.0%	$0.00	-
Q1 2025	G Genpact	Genpact	Sell	-321,529	-29.6%	$38.57M	765,615
Q1 2025	G2717B108 Cushman Wakefield	Cushman Wakefield	Sell	-2,300,155	-64.0%	$13.23M	1,294,418
Q1 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-75,618	-3.9%	$290.93M	1,861,409
Q1 2025	HEI-A Heico Corporation	Heico Corporation	Sell	-45,634	-9.0%	$97.04M	459,739
Q1 2025	IHG Intercontinental Hotels Group	Intercontinental Hotels Group	Sell - Position Exit	-2,736	-100.0%	$0.00	-
Q1 2025	IWD iShares Russell 1000 Value ETF	iShares Russell 1000 Value ETF	Sell - Position Exit	-3,336	-100.0%	$0.00	-
Q1 2025	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Buy	+99,837	+22.9%	$132.83M	536,063
Q1 2025	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell - Position Exit	-2,316	-100.0%	$0.00	-
Q1 2025	KMX CarMax Inc	CarMax Inc	Sell	-108,910	-8.2%	$95.00M	1,218,127
Q1 2025	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Buy	+27,462	+13.7%	$44.77M	227,555
Q1 2025	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Sell - Position Exit	-461,474	-100.0%	$0.00	-
Q1 2025	M6158M104 Ituran	Ituran	Sell	-266,984	-25.9%	$27.92M	764,017
Q1 2025	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-80,800	-12.3%	$314.82M	574,345

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