C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q4 2022)

As of Dec 31, 2022, the Vulcan Value Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2023. 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 2022, the filing reported:

New Buys - Abbott Laboratories, Ball Corporation, Forward Air Corporation, iShares Russell 2000 ETF, NICE Ltd, and 1 more

Increases - None reported

Reductions - ABM Industries Incorporated, Applied Materials, Inc., Amazon.com, Inc., Ares Management Corporation, CBRE Group Inc, and 30 more

Complete Exits - Meta Platforms, 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 2022	ABM ABM Industries Incorporated	ABM Industries Incorporated	Sell	-122,855	-9.3%	$53.16K	1,196,683
Q4 2022	ABT Abbott Laboratories	Abbott Laboratories	Buy - Position Entry	+897,863	-	$98.56K	897,863
Q4 2022	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-1,661,563	-43.2%	$212.50K	2,183,113
Q4 2022	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-236,517	-4.5%	$426.04K	5,067,724
Q4 2022	ARES Ares Management Corporation	Ares Management Corporation	Sell	-179,914	-7.4%	$154.04K	2,250,911
Q4 2022	BALL Ball Corporation	Ball Corporation	Buy - Position Entry	+2,404,041	-	$123.09K	2,404,041
Q4 2022	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-681,743	-17.9%	$241.42K	3,134,136
Q4 2022	CG The Carlyle Group Inc.	The Carlyle Group Inc.	Sell	-1,596,356	-11.2%	$377.19K	12,637,553
Q4 2022	CIGI Colliers International Group In	Colliers International Group In	Sell	-130,179	-18.3%	$53.43K	580,542
Q4 2022	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-449,651	-14.0%	$364.99K	2,751,250
Q4 2022	CRNC Cerence Inc.	Cerence Inc.	Sell	-450,457	-35.2%	$15.34K	828,025
Q4 2022	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Sell	-894,776	-24.9%	$208.22K	2,693,423
Q4 2022	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-77,455	-19.8%	$160.63K	313,598
Q4 2022	ENS EnerSys	EnerSys	Sell	-520,647	-51.7%	$35.94K	486,784
Q4 2022	FWRD Forward Air Corporation	Forward Air Corporation	Buy - Position Entry	+227,069	-	$23.82K	227,069
Q4 2022	G2717B108 Cushman Wakefield	Cushman Wakefield	Sell	-2,876,673	-27.5%	$94.46K	7,581,137
Q4 2022	GE GE Aerospace	GE Aerospace	Sell	-1,541,340	-21.5%	$471.25K	5,620,658
Q4 2022	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-405,965	-9.3%	$350.55K	3,948,765
Q4 2022	HEI-A Heico Corporation	Heico Corporation	Sell	-830,042	-37.2%	$167.69K	1,399,966
Q4 2022	IWM iShares Russell 2000 ETF	iShares Russell 2000 ETF	Buy - Position Entry	+29,752	-	$5.03K	29,752
Q4 2022	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Sell	-100,905	-6.9%	$216.02K	1,353,727
Q4 2022	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-1,871,707	-17.3%	$415.23K	8,943,284
Q4 2022	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Sell	-70,888	-15.0%	$88.16K	400,345
Q4 2022	LRCX Lam Research Corporation	Lam Research Corporation	Sell	-254,404	-43.4%	$139.45K	332,094
Q4 2022	M6158M104 Ituran	Ituran	Sell	-722,503	-22.9%	$51.34K	2,429,641
Q4 2022	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-283,871	-16.8%	$487.50K	1,402,068
Q4 2022	MEDP Medpace Holdings, Inc.	Medpace Holdings, Inc.	Sell	-247,861	-61.8%	$32.57K	153,342
Q4 2022	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell - Position Exit	-1,711,315	-100.0%	$0.00	-
Q4 2022	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-511,618	-29.4%	$25.77K	1,226,649
Q4 2022	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-405,336	-16.4%	$494.33K	2,061,353

Page 1 of 2