C.T. Fitzpatrick - Vulcan Value Partners Investment Strategy & Portfolio Analysis

How Vulcan Value Partners allocates capital, manages risk, and constructs its portfolio — based on SEC 13F filings.

As of Mar 31, 2026, C.T. Fitzpatrick's Vulcan Value Partners portfolio reflects a balanced investor approach across 33 reported 13F positions. Portfolio returns are led by Everest Group (~12% of total exposure), with the top five holdings representing approximately 44% of reported value. While the portfolio includes 33 positions, economic outcomes are highly concentrated in a narrow set of financials and technology names. Exposure to high-growth and technology-oriented segments is elevated relative to peers, with performance weighted across financials, technology, and unknown. The portfolio exhibits low turnover, consistent with a buy-and-hold posture held through multiple reporting cycles. Distinctive traits include Long-Term Holder, Structurally Diversified.

Investment Style

Value, growth, quality, and behavioral classification from latest 13F holdings.

Balanced Investor

Primary type: Balanced Investor

Traits: Long-Term Holder, Structurally Diversified

Turnover profile

Moderate

Holding horizon

Long-Term

Portfolio Construction

Concentration and position sizing in the latest filing.

Portfolio construction is moderately concentrated: top three names represent 31.5% of assets, top five 43.9%, and the largest single position is 11.8%.

Top 3 weight

31.5%

Top 5 weight

43.9%

Top 10 weight

70.8%

Largest position

11.8%

Top holdings: Everest Group, Microsoft Corporation, Amazon.com, Inc., UnitedHealth Group Incorporated, Ryan Specialty Holdings, Inc. — view full holdings

Sector Preferences

Where capital is allocated by sector.

Capital is tilted toward Financial Services and Technology, with 8 sectors represented in the latest filing.

Leading sectors: Financial Services, Technology, Unknown

View full sector allocation

Risk Framework

Concentration, diversification, and turnover tolerance.

This investor accepts moderate single-name risk (largest position 11.8%, top ten 70.8%) and moderate economic diversification (HHI 0.03). Turnover tolerance maps to a moderate profile.

Largest position

11.8%

Top 10 weight

70.8%

Max sector

29.0%

Diversification

Moderate

Strategy Evolution

How the strategy changed between the two most recent filing periods.

Dec 31, 2025 → Mar 31, 2026

  • Position count decreased from 40 to 33 (-7 names).
  • Top-five concentration rose from 41.1% to 43.9%.
  • Largest holding changed from Microsoft Corporation to Everest Group.
  • Quarter-over-quarter portfolio weight turnover: 17.9%.

For trade-level changes, see the Activity page. View activity.

Similar Investors

Peer group with comparable portfolio behavior.

Similar-investor comparisons are coming soon.