C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q4 2024)

As of Dec 31, 2024, the Vulcan Value Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2025. 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 2024, the filing reported:

New Buys - Diageo plc, Fortune Brands Innovations, Inc, Intercontinental Hotels Group, iShares Russell 1000 Value ETF, The Middleby Corporation, and 3 more

Increases - CBRE Group Inc, Crown Holdings, Inc., CoStar Group, Inc., Everest Group, Elevance Health, Inc., and 9 more

Reductions - ABM Industries Incorporated, Abbott Laboratories, Amazon.com, Inc., Ares Management Corporation, The Carlyle Group Inc., and 22 more

Complete Exits - Acuity Brands, Inc., SmartRent, 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 2024	ABM ABM Industries Incorporated	ABM Industries Incorporated	Sell	-196,969	-18.8%	$43.63M	852,495
Q4 2024	ABT Abbott Laboratories	Abbott Laboratories	Sell	-17,604	-4.5%	$41.92M	370,518
Q4 2024	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-345,708	-15.1%	$424.91M	1,936,676
Q4 2024	ARES Ares Management Corporation	Ares Management Corporation	Sell	-323,363	-47.4%	$63.62M	359,079
Q4 2024	AYI Acuity Brands, Inc.	Acuity Brands, Inc.	Sell - Position Exit	-46,148	-100.0%	$0.00	-
Q4 2024	CBRE CBRE Group Inc	CBRE Group Inc	Buy	+69,848	+3.6%	$266.90M	2,033,328
Q4 2024	CCK Crown Holdings, Inc.	Crown Holdings, Inc.	Buy	+674,072	+450.5%	$68.03M	823,691
Q4 2024	CG The Carlyle Group Inc.	The Carlyle Group Inc.	Sell	-1,453,772	-21.4%	$269.33M	5,333,596
Q4 2024	CIGI Colliers International Group In	Colliers International Group In	Sell	-86,716	-22.4%	$40.82M	300,188
Q4 2024	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-638,648	-46.0%	$250.55M	749,566
Q4 2024	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Buy	+669,549	+15.1%	$364.96M	5,099,438
Q4 2024	DEO Diageo plc	Diageo plc	Buy - Position Entry	+91,776	-	$11.62M	91,776
Q4 2024	DNB Dun & Bradstreet Holdings, Inc.	Dun & Bradstreet Holdings, Inc.	Sell	-281,061	-9.3%	$34.01M	2,729,884
Q4 2024	EG Everest Group	Everest Group	Buy	+720,572	+279.1%	$354.77M	978,713
Q4 2024	ELV Elevance Health, Inc.	Elevance Health, Inc.	Buy	+114,607	+41.0%	$145.23M	393,892
Q4 2024	ENS EnerSys	EnerSys	Sell	-11,061	-9.2%	$10.12M	109,472
Q4 2024	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Buy - Position Entry	+151,894	-	$10.38M	151,894
Q4 2024	FI Fiserv, Inc.	Fiserv, Inc.	Sell	-298,224	-67.1%	$30.00M	146,008
Q4 2024	G Genpact	Genpact	Sell	-295,996	-21.4%	$46.69M	1,087,144
Q4 2024	G2717B108 Cushman Wakefield	Cushman Wakefield	Sell	-481,409	-11.8%	$47.02M	3,594,573
Q4 2024	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+51,286	+2.7%	$368.90M	1,937,027
Q4 2024	HEI-A Heico Corporation	Heico Corporation	Sell	-54,890	-9.8%	$94.03M	505,373
Q4 2024	IHG Intercontinental Hotels Group	Intercontinental Hotels Group	Buy - Position Entry	+2,736	-	$338.85K	2,736
Q4 2024	IWD iShares Russell 1000 Value ETF	iShares Russell 1000 Value ETF	Buy - Position Entry	+3,336	-	$617.59K	3,336
Q4 2024	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Sell	-31,908	-6.8%	$110.28M	436,226
Q4 2024	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-1,851,795	-99.9%	$342.56K	2,316
Q4 2024	KMX CarMax Inc	CarMax Inc	Sell	-108,559	-7.6%	$108.45M	1,327,037
Q4 2024	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Sell	-16,851	-7.8%	$47.15M	200,093
Q4 2024	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Sell	-2,001,707	-81.3%	$59.75M	461,474
Q4 2024	M6158M104 Ituran	Ituran	Sell	-188,620	-15.5%	$32.12M	1,031,001

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