C.T. Fitzpatrick - Vulcan Value Partners 13F Activity & Position Changes (Q4 2025)

As of Dec 31, 2025, the Vulcan Value Partners portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 09, 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 2025, the filing reported:

New Buys - StandardAero, iShares Russell 1000 Value ETF, TransUnion

Increases - Ares Management Corporation, CoStar Group, Inc., Everest Group, Fortune Brands Innovations, Inc, Fiserv, Inc., and 5 more

Reductions - ABM Industries Incorporated, Amazon.com, Inc., Crown Holdings, Inc., Colliers International Group In, Salesforce, Inc., and 22 more

Complete Exits - NICE Ltd, SS&C Technologies Holdings, Inc, Skyworks Solutions, 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 2025	85423L103 StandardAero	StandardAero	Buy - Position Entry	+473,415	-	$13.62K	473,415
Q4 2025	ABM ABM Industries Incorporated	ABM Industries Incorporated	Sell	-5,277	-0.8%	$27.87K	658,777
Q4 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-120,630	-6.4%	$406.17K	1,759,935
Q4 2025	ARES Ares Management Corporation	Ares Management Corporation	Buy	+346,607	+25.7%	$274.34K	1,696,856
Q4 2025	CCK Crown Holdings, Inc.	Crown Holdings, Inc.	Sell	-29,581	-6.9%	$41.23K	400,303
Q4 2025	CIGI Colliers International Group In	Colliers International Group In	Sell	-1,665	-0.9%	$27.13K	184,403
Q4 2025	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-14,486	-0.9%	$411.06K	1,549,871
Q4 2025	CSGP CoStar Group, Inc.	CoStar Group, Inc.	Buy	+653,412	+17.1%	$301.53K	4,485,021
Q4 2025	EG Everest Group	Everest Group	Buy	+92,274	+6.5%	$512.29K	1,509,740
Q4 2025	ELV Elevance Health, Inc.	Elevance Health, Inc.	Sell	-32,981	-7.9%	$135.42K	386,214
Q4 2025	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Buy	+54,492	+18.2%	$17.68K	353,520
Q4 2025	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+634,483	+79.0%	$96.51K	1,437,643
Q4 2025	G Genpact	Genpact	Sell	-3,654	-0.5%	$34.92K	746,570
Q4 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-168,479	-15.3%	$292.44K	931,879
Q4 2025	HEI-A Heico Corporation	Heico Corporation	Sell	-20,314	-7.5%	$63.16K	250,065
Q4 2025	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Sell	-357,732	-52.5%	$72.85K	323,201
Q4 2025	IWD iShares Russell 1000 Value ETF	iShares Russell 1000 Value ETF	Buy - Position Entry	+2,748	-	$636.00	2,748
Q4 2025	JLL Jones Lang LaSalle Incorporated	Jones Lang LaSalle Incorporated	Sell	-47,038	-23.8%	$50.68K	150,625
Q4 2025	KMX CarMax Inc	CarMax Inc	Buy	+600,712	+25.8%	$113.21K	2,928,832
Q4 2025	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Sell	-4,691	-2.4%	$48.61K	192,212
Q4 2025	M6158M104 Ituran	Ituran	Sell	-62,305	-10.3%	$23.43K	540,059
Q4 2025	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-17,028	-3.7%	$256.41K	449,194
Q4 2025	MEDP Medpace Holdings, Inc.	Medpace Holdings, Inc.	Sell	-152,866	-76.4%	$26.58K	47,306
Q4 2025	MIDD The Middleby Corporation	The Middleby Corporation	Sell	-799	-1.1%	$10.38K	69,825
Q4 2025	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Buy	+272,783	+24.4%	$25.67K	1,389,715
Q4 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-43,824	-3.7%	$552.00K	1,141,578
Q4 2025	NICE NICE Ltd	NICE Ltd	Sell - Position Exit	-753,316	-100.0%	$0.00	-
Q4 2025	PK Park Hotels & Resorts Inc.	Park Hotels & Resorts Inc.	Buy	+678	+0.1%	$13.47K	1,257,968
Q4 2025	PRG PROG Holdings, Inc.	PROG Holdings, Inc.	Sell	-3,746	-0.6%	$17.67K	599,125
Q4 2025	QRVO Qorvo, Inc.	Qorvo, Inc.	Sell	-94,011	-7.9%	$93.29K	1,103,354

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