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

As of Dec 31, 2014, 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 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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