C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q4 2014)

According to the SEC 13F filed on Aug 10, 2026, the Vulcan Value Partners portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2014. 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 Q4 2014, the filing reported:

New Buys - Elevance Health, Inc., MSC Industrial Direct Company, , T. Rowe Price Group, Inc., Waters Corporation

Increases - Apple Inc., ACI Worldwide, Inc., Avery Dennison Corporation, Boeing Company (The), Franklin Resources, Inc., and 25 more

Reductions - Chemed Corp, CME Group Inc., eBay Inc., Exponent, Inc., Forward Air Corporation, and 11 more

Complete Exits - DNOW Inc., FedEx Corporation, Fair Isaac Corporation, JP Morgan Chase & Co., Live Nation Entertainment, Inc., and 6 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
Q4 2014	AAPL Apple Inc.	Apple Inc.	Buy	+264,085	+15.4%	$218.08K	1,975,745
Q4 2014	ACIW ACI Worldwide, Inc.	ACI Worldwide, Inc.	Buy	+3,148,687	+51.8%	$186.03K	9,223,344
Q4 2014	AVY Avery Dennison Corporation	Avery Dennison Corporation	Buy	+14,310	+4.2%	$18.32K	353,019
Q4 2014	BA Boeing Company (The)	Boeing Company (The)	Buy	+604,678	+42.6%	$263.11K	2,024,200
Q4 2014	BEN Franklin Resources, Inc.	Franklin Resources, Inc.	Buy	+1,428,192	+30.7%	$336.85K	6,083,608
Q4 2014	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+445,282	+9.3%	$213.22K	5,255,497
Q4 2014	CHE Chemed Corp	Chemed Corp	Sell	-15,614	-9.6%	$15.50K	146,709
Q4 2014	CHKP Check Point	Check Point	Buy	+409,415	+28.4%	$145.33K	1,849,660
Q4 2014	CL Colgate-Palmolive Company	Colgate-Palmolive Company	Buy	+299,098	+27.4%	$96.22K	1,390,704
Q4 2014	CME CME Group Inc.	CME Group Inc.	Sell	-648,264	-99.9%	$32.00	358
Q4 2014	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Buy	+1,352,558	+23.2%	$199.45K	7,170,456
Q4 2014	CW Curtiss-Wright Corporation	Curtiss-Wright Corporation	Buy	+54,738	+5.7%	$71.78K	1,016,787
Q4 2014	DCI Donaldson Company, Inc.	Donaldson Company, Inc.	Buy	+30,067	+5.1%	$23.87K	617,988
Q4 2014	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+508,634	+27.6%	$221.65K	2,353,239
Q4 2014	DNOW DNOW Inc.	DNOW Inc.	Sell - Position Exit	-100	-100.0%	$0.00	-
Q4 2014	DOV Dover Corporation	Dover Corporation	Buy	+2,702,159	+323.1%	$253.78K	3,538,425
Q4 2014	EBAY eBay Inc.	eBay Inc.	Sell	-5,235,782	-97.6%	$7.16K	127,561
Q4 2014	EG Everest Group	Everest Group	Buy	+381,734	+20.9%	$375.48K	2,204,790
Q4 2014	ELV Elevance Health, Inc.	Elevance Health, Inc.	Buy - Position Entry	+1,210,332	-	$152.10K	1,210,332
Q4 2014	ENS EnerSys	EnerSys	Buy	+512,164	+55.2%	$88.83K	1,439,202
Q4 2014	EXPO Exponent, Inc.	Exponent, Inc.	Sell	-142,325	-38.9%	$18.47K	223,888
Q4 2014	FDX FedEx Corporation	FedEx Corporation	Sell - Position Exit	-200	-100.0%	$0.00	-
Q4 2014	FICO Fair Isaac Corporation	Fair Isaac Corporation	Sell - Position Exit	-741,427	-100.0%	$0.00	-
Q4 2014	FOSL Fossil Group, Inc.	Fossil Group, Inc.	Buy	+335,292	+27.0%	$174.84K	1,578,844
Q4 2014	FWRD Forward Air Corporation	Forward Air Corporation	Sell	-34,356	-4.6%	$36.09K	716,479
Q4 2014	G Genpact	Genpact	Buy	+93,491	+5.1%	$36.23K	1,913,798
Q4 2014	G0692U109 Axis Capital	Axis Capital	Buy	+727,957	+70.8%	$89.72K	1,756,061
Q4 2014	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell - Position Exit	-400	-100.0%	$0.00	-
Q4 2014	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-245,172	-99.7%	$28.00	666
Q4 2014	LNN Lindsay Corporation	Lindsay Corporation	Sell	-440,873	-37.0%	$64.43K	751,415

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