C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q4 2018)

As of Dec 31, 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 Q4 2018, the filing reported:

New Buys - Amazon.com, Inc., frontdoor, inc., iShares Russell 1000 Value ETF, Microsoft Corporation

Increases - Acuity Brands, Inc., Carlisle Companies Incorporated, Cushman Wakefield, Alphabet Inc., Hilton Worldwide Holdings Inc., and 11 more

Reductions - ACI Worldwide, Inc., Broadcom Inc., AutoZone, Inc., The Bank of New York Mellon Cor, BlackRock, Inc., and 22 more

Complete Exits - Credit Acceptance Corporation, Forward Air Corporation, MillerKnoll, 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
Q4 2018	ACIW ACI Worldwide, Inc.	ACI Worldwide, Inc.	Sell	-1,389,144	-31.3%	$84.35K	3,048,475
Q4 2018	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy - Position Entry	+254,028	-	$381.54K	254,028
Q4 2018	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-1,357,535	-100.0%	$48.00	189
Q4 2018	AYI Acuity Brands, Inc.	Acuity Brands, Inc.	Buy	+106,119	+23.7%	$63.77K	554,718
Q4 2018	AZO AutoZone, Inc.	AutoZone, Inc.	Sell	-114	-77.6%	$28.00	33
Q4 2018	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-9,354,310	-99.9%	$606.00	12,873
Q4 2018	BLK BlackRock, Inc.	BlackRock, Inc.	Sell	-433,581	-100.0%	$40.00	102
Q4 2018	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Sell - Position Exit	-9,511	-100.0%	$0.00	-
Q4 2018	CAH Cardinal Health, Inc.	Cardinal Health, Inc.	Sell	-615	-56.6%	$21.00	472
Q4 2018	CHH Choice Hotels International, In	Choice Hotels International, In	Sell	-201,871	-99.9%	$21.00	298
Q4 2018	COR Cencora, Inc.	Cencora, Inc.	Sell	-1,040,251	-20.6%	$298.72K	4,015,045
Q4 2018	CSL Carlisle Companies Incorporated	Carlisle Companies Incorporated	Buy	+72,089	+26.7%	$34.42K	342,429
Q4 2018	CVS CVS Health Corporation	CVS Health Corporation	Sell	-734,563	-12.6%	$332.61K	5,076,516
Q4 2018	EG Everest Group	Everest Group	Sell	-432,354	-23.1%	$313.44K	1,439,377
Q4 2018	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-177	-75.6%	$15.00	57
Q4 2018	FTDR frontdoor, inc.	frontdoor, inc.	Buy - Position Entry	+1,441,489	-	$38.36K	1,441,489
Q4 2018	FWRD Forward Air Corporation	Forward Air Corporation	Sell - Position Exit	-2,035	-100.0%	$0.00	-
Q4 2018	G0692U109 Axis Capital	Axis Capital	Sell	-943,706	-13.0%	$325.45K	6,302,253
Q4 2018	G2717B108 Cushman Wakefield	Cushman Wakefield	Buy	+84,164	+1.1%	$112.93K	7,804,326
Q4 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+117,705	+35.1%	$469.15K	453,020
Q4 2018	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Buy	+3,251,967	+47.4%	$725.93K	10,110,499
Q4 2018	IWD iShares Russell 1000 Value ETF	iShares Russell 1000 Value ETF	Buy - Position Entry	+30,490	-	$3.39K	30,490
Q4 2018	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Buy	+199,577	+27.5%	$117.00K	924,147
Q4 2018	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy	+3,931,115	+15.5%	$576.45K	29,365,707
Q4 2018	LSTR Landstar System, Inc.	Landstar System, Inc.	Sell	-156,920	-99.5%	$72.00	752
Q4 2018	M6158M104 Ituran	Ituran	Sell	-515,957	-20.4%	$64.51K	2,012,135
Q4 2018	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+1,005,477	+37.7%	$692.72K	3,671,973
Q4 2018	MCK McKesson Corporation	McKesson Corporation	Sell	-927,581	-17.1%	$496.16K	4,491,391
Q4 2018	MCO Moody's Corporation	Moody's Corporation	Sell	-198	-75.0%	$9.00	66
Q4 2018	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+472,049	+27.1%	$289.94K	2,211,780

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