C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q3 2018)

As of Sep 30, 2018, 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 Q3 2018, the filing reported:

New Buys - BlackRock, Inc., Choice Hotels International, In, Cushman Wakefield

Increases - Broadcom Inc., The Bank of New York Mellon Cor, Cencora, Inc., Everest Group, Hilton Worldwide Holdings Inc., and 12 more

Reductions - ACI Worldwide, Inc., Acuity Brands, Inc., AutoZone, Inc., Credit Acceptance Corporation, Carlisle Companies Incorporated, and 19 more

Complete Exits - Donaldson Company, Inc., OUTFRONT Media Inc.,

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
Q3 2018	ACIW ACI Worldwide, Inc.	ACI Worldwide, Inc.	Sell	-1,199,196	-21.3%	$124.88K	4,437,619
Q3 2018	AVGO Broadcom Inc.	Broadcom Inc.	Buy	+430,330	+46.4%	$334.99K	1,357,724
Q3 2018	AYI Acuity Brands, Inc.	Acuity Brands, Inc.	Sell	-439,741	-49.5%	$70.52K	448,599
Q3 2018	AZO AutoZone, Inc.	AutoZone, Inc.	Sell	-2	-1.3%	$114.00	147
Q3 2018	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+1,495,981	+19.0%	$477.63K	9,367,183
Q3 2018	BLK BlackRock, Inc.	BlackRock, Inc.	Buy - Position Entry	+433,683	-	$204.41K	433,683
Q3 2018	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell	-78,351	-89.2%	$4.17K	9,511
Q3 2018	CHH Choice Hotels International, In	Choice Hotels International, In	Buy - Position Entry	+202,169	-	$16.84K	202,169
Q3 2018	COR Cencora, Inc.	Cencora, Inc.	Buy	+66,811	+1.3%	$466.20K	5,055,296
Q3 2018	CSL Carlisle Companies Incorporated	Carlisle Companies Incorporated	Sell	-182,829	-40.3%	$32.93K	270,340
Q3 2018	CVS CVS Health Corporation	CVS Health Corporation	Sell	-3,711,665	-39.0%	$457.45K	5,811,079
Q3 2018	DCI Donaldson Company, Inc.	Donaldson Company, Inc.	Sell - Position Exit	-421,298	-100.0%	$0.00	-
Q3 2018	EG Everest Group	Everest Group	Buy	+41,009	+2.2%	$427.63K	1,871,731
Q3 2018	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-635,959	-100.0%	$64.00	234
Q3 2018	FWRD Forward Air Corporation	Forward Air Corporation	Sell	-350,818	-99.4%	$146.00	2,035
Q3 2018	G0692U109 Axis Capital	Axis Capital	Sell	-535,730	-6.9%	$418.16K	7,245,959
Q3 2018	G2717B108 Cushman Wakefield	Cushman Wakefield	Buy - Position Entry	+7,720,162	-	$131.17K	7,720,162
Q3 2018	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-143,857	-30.0%	$400.19K	335,315
Q3 2018	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Buy	+1,943,618	+39.5%	$554.03K	6,858,532
Q3 2018	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Sell	-67,432	-8.5%	$104.57K	724,570
Q3 2018	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy	+9,791,018	+62.6%	$693.60K	25,434,592
Q3 2018	LSTR Landstar System, Inc.	Landstar System, Inc.	Buy	+120,964	+329.5%	$19.24K	157,672
Q3 2018	M6158M104 Ituran	Ituran	Sell	-173,969	-6.4%	$86.97K	2,528,092
Q3 2018	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-186,878	-6.5%	$593.59K	2,666,496
Q3 2018	MCK McKesson Corporation	McKesson Corporation	Buy	+1,650,873	+43.8%	$718.83K	5,418,972
Q3 2018	MCO Moody's Corporation	Moody's Corporation	Sell	-308,873	-99.9%	$44.00	264
Q3 2018	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+373,982	+27.4%	$286.12K	1,739,731
Q3 2018	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-1,031,053	-87.8%	$5.49K	143,000
Q3 2018	MSM MSC Industrial Direct Company,	MSC Industrial Direct Company,	Buy	+47,589	+8.2%	$55.09K	625,219
Q3 2018	NTRS Northern Trust Corporation	Northern Trust Corporation	Buy	+133,428	+5.3%	$271.22K	2,655,627

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