C.T. Fitzpatrick's Portfolio: Heavyweight Tech & Strategic Shifts in 2025
Vulcan Value Partners' portfolio, as of December 31, 2025, shows significant concentration in Technology stocks and notable changes in holdings.
Top Holdings Analysis
The portfolio's largest position by value is MICROSOFT (MSFT), representing approximately $552,000 or 10.14% of the total. Other significant holdings include EVEREST GROUP LTD (EG) at $512,000 (9.41%), SALESFORCE (CRM) at $411,000 (7.55%), AMAZON (AMZN) at $406,000 (7.46%), and UNITEDHEALTH (UNH) at $358,000 (6.57%).
Strategic Focus on Technology
The portfolio exhibits a pronounced concentration in the Technology sector. Microsoft (10.14%) and Salesforce (7.55%) are the largest individual holdings, while Amazon (7.46%) and Everest Group (9.41%) further bolster this allocation. The Technology sector, encompassing Microsoft, Salesforce, Amazon, and Everest Group, accounts for a substantial portion of the portfolio's value and allocation, indicating a core strategic focus.
Notable Changes in Holdings
Several holdings show significant changes from the previous period. EVEREST GROUP LTD (EG) saw a substantial increase, with a 6.51% rise in shares and a corresponding increase in its portfolio allocation. Conversely, AMAZON (AMZN) experienced a significant decrease, with a 6.41% reduction in shares and its portfolio allocation. Other notable changes include COSTAR GROUP (CSGP) with a 17.05% increase in shares, TRANSDIGM (TDG) with a 3.61% decrease, and ARES (ARES) with a 25.67% increase in shares.
Investment Strategy and Diversification
The investment strategy appears to favor established large-cap technology companies alongside select firms in adjacent sectors like financial services (MA, ARES) and industrials (TDG). While the Technology sector is heavily weighted, the portfolio also includes exposure to healthcare (UNH), consumer cyclical (AMZN), real estate (CSGP), and communication services (GOOG). This suggests a blend of core tech holdings with diversification into other high-quality sectors, though the Technology allocation remains the most significant. The strategy may involve selective buying and selling, as evidenced by the varying changes in shares for different holdings.