C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q1 2026)

According to the SEC 13F filed on May 11, 2026, the Vulcan Value Partners portfolio showed several notable changes in holdings as of quarter-end Mar 31, 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 2026, the filing reported:

New Buys - NICE Ltd, ServiceNow, Inc.

Increases - StandardAero, Colliers International Group In, Medpace Holdings, Inc., Ryan Specialty Holdings, Inc., TPG Inc., and 1 more

Reductions - ABM Industries Incorporated, Amazon.com, Inc., Ares Management Corporation, Salesforce, Inc., Everest Group, and 20 more

Complete Exits - Crown Holdings, Inc., CoStar Group, Inc., iShares Russell 1000 Value ETF, The Middleby Corporation, Sealed Air Corporation, and 4 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 2026	85423L103 StandardAero	StandardAero	Buy	+243,568	+51.4%	$18.55M	716,983
Q1 2026	ABM ABM Industries Incorporated	ABM Industries Incorporated	Sell	-28,481	-4.3%	$24.28M	630,296
Q1 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-164,067	-9.3%	$332.37M	1,595,868
Q1 2026	ARES Ares Management Corporation	Ares Management Corporation	Sell	-5,680	-0.3%	$184.51M	1,691,176
Q1 2026	CCK Crown Holdings, Inc.	Crown Holdings, Inc.	Sell - Position Exit	-400,303	-100.0%	$0.00	-
Q1 2026	CIGI Colliers International Group In	Colliers International Group In	Buy	+70,918	+38.5%	$27.29M	255,321
Q1 2026	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-1,353,068	-87.3%	$36.74M	196,803
Q1 2026	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell - Position Exit	-4,485,021	-100.0%	$0.00	-
Q1 2026	EG Everest Group	Everest Group	Sell	-147,875	-9.8%	$445.13M	1,361,865
Q1 2026	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-89,443	-23.2%	$86.88M	296,771
Q1 2026	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Sell	-9,957	-2.8%	$13.39M	343,563
Q1 2026	FI Fiserv, Inc.	Fiserv, Inc.	Sell	-342,984	-23.9%	$61.08M	1,094,659
Q1 2026	G Genpact	Genpact	Sell	-36,257	-4.9%	$26.46M	710,313
Q1 2026	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-255,323	-27.4%	$194.08M	676,556
Q1 2026	HEI-A Heico Corporation	Heico Corporation	Sell	-71,609	-28.6%	$37.67M	178,456
Q1 2026	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Sell	-75,100	-23.2%	$42.31M	248,101
Q1 2026	IWD iShares Russell 1000 Value ETF	iShares Russell 1000 Value ETF	Sell - Position Exit	-2,748	-100.0%	$0.00	-
Q1 2026	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Sell	-41,076	-27.3%	$33.34M	109,549
Q1 2026	KMX CarMax Inc	CarMax Inc	Sell	-723,956	-24.7%	$91.68M	2,204,876
Q1 2026	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Sell	-114,105	-59.4%	$26.51M	78,107
Q1 2026	M6158M104 Ituran	Ituran	Sell	-46,219	-8.6%	$24.20M	493,840
Q1 2026	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-66,015	-14.7%	$191.46M	383,179
Q1 2026	MEDP Medpace Holdings, Inc.	Medpace Holdings, Inc.	Buy	+155,762	+329.3%	$97.51M	203,068
Q1 2026	MIDD The Middleby Corporation	The Middleby Corporation	Sell - Position Exit	-69,825	-100.0%	$0.00	-
Q1 2026	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-65,106	-4.7%	$19.15M	1,324,609
Q1 2026	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-32,587	-2.9%	$410.52M	1,108,991
Q1 2026	NICE NICE Ltd	NICE Ltd	Buy - Position Entry	+572,311	-	$63.10M	572,311
Q1 2026	NOW ServiceNow, Inc.	ServiceNow, Inc.	Buy - Position Entry	+533,817	-	$55.81M	533,817
Q1 2026	PK Park Hotels & Resorts Inc.	Park Hotels & Resorts Inc.	Sell	-62,133	-4.9%	$12.59M	1,195,835
Q1 2026	PRG PROG Holdings, Inc.	PROG Holdings, Inc.	Sell	-32,811	-5.5%	$16.25M	566,314

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