Cooke & Bieler LP

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 31, 2025), Cooke & Bieler LP reported 99 stock positions worth $9.7 billion. Its top holding was Gildan Activewear (GIL) at 4.3% of the portfolio, followed by Fidelity National Financial (FNF, 3.3%) and Renaissancere (RNR, 2.9%). Compared with Q2 2025, it opened 4 new positions, sold out of 5, added to 40 and reduced 52. The biggest buy was a new position in Arch Capital (ACGL) and the biggest sale Philip Morris International (PM, shares −99%).

Most Recent 13F
Q2 2026
Location
PHILADELPHIA, PA
CIK
0000024386
Portfolio Value
$9.7B (Q3 2025)
SEC Filing
0000024386-25-000009 ↗ filed Oct 31, 2025

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $10.8B Q1 2024 Q2 2024: $10.4B Q2 2024 Q3 2024: $11.0B Q3 2024 Q4 2024: $10.4B Q4 2024 Q1 2025: $10.0B Q1 2025 Q2 2025: $10.0B Q2 2025 Q3 2025: $9.7B $9.7B Q3 2025 Q4 2025: $9.6B Q4 2025 Q1 2026: $8.8B Q1 2026 Q2 2026: $8.6B Q2 2026

Holdings 99 stocks · $9.7B
GIL Gildan Activewear Inc. 4.35% 7,280,276 $420.8M Reduce -0.7%
FNF Fidelity National Financial 3.29% 5,258,399 $318.1M Add +12.3%
RNR Renaissancere Holdings Ltd. 2.90% 1,107,144 $281.1M Reduce -6.5%
AER Aercap Holdings NV 2.88% 2,301,133 $278.4M Reduce -9.6%
RBA RB Global Inc. 2.85% 2,543,717 $275.6M Reduce -12.5%
CCI Crown Castle Inc. 2.41% 2,419,034 $233.4M Add +6.0%
LH Labcorp Holdings Inc. 2.24% 754,449 $216.6M Reduce -7.8%
ACGL Arch Capital Group Ltd. 2.18% 2,323,991 $210.9M New
OMC Omnicom Group 1.91% 2,269,871 $185.1M Reduce -3.2%
WTM White Mountains Insurance GP 1.86% 107,851 $180.3M Add +40.5%
WMG Warner Music Group Corp. Class A 1.85% 5,255,091 $179.0M Reduce -6.8%
WWD Woodward Inc. 1.80% 688,290 $173.9M Reduce -32.6%
CB Chubb Ltd. 1.77% 606,011 $171.0M Add +21.3%
BDX Becton Dickinson and Co. 1.71% 885,798 $165.8M Reduce -5.8%
MKSI MKS Inc. 1.69% 1,321,877 $163.6M Add +7.7%
BN Brookfield Corp. 1.67% 2,354,323 $161.5M Reduce -33.1%
ATO Atmos Energy Corp. 1.65% 937,613 $160.1M Reduce -7.3%
OTEX Open Text Corp. 1.65% 4,279,661 $160.0M Reduce -29.2%
SCHW Schwab (charles) Corp. 1.60% 1,618,567 $154.5M Reduce -28.2%
COP Conocophillips 1.57% 1,611,038 $152.4M Reduce -4.7%
HAS Hasbro Inc. 1.55% 1,985,039 $150.6M Reduce -7.0%
TFX Teleflex Inc. 1.54% 1,220,637 $149.4M Add +1.2%
PPG PPG Industries Inc. 1.50% 1,385,135 $145.6M Add +3.6%
MSA Msa Safety Inc. 1.47% 824,620 $141.9M Add +1.3%
GBCI Glacier Bancorp Inc. 1.46% 2,894,739 $140.9M Reduce -3.0%
OXY Occidental Petroleum Corp. 1.44% 2,959,030 $139.8M Reduce -0.5%
STT State Street Corp. 1.31% 1,090,312 $126.5M Reduce -50.2%
UNH Unitedhealth Group Inc. 1.30% 364,424 $125.8M Add +15.3%
LKQ LKQ Corp. 1.27% 4,036,858 $123.3M Add +9.0%
ESNT Essent Group Ltd. 1.27% 1,938,688 $123.2M Add +19.6%
CSL Carlisle Cos Inc. 1.27% 372,777 $122.6M Add +21.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.26% 2,360,993 $121.8M Reduce -26.3%
JNJ Johnson & Johnson 1.25% 653,881 $121.2M Reduce -12.4%
XPO Xpo Inc. 1.25% 933,745 $120.7M Add +9.0%
VVV Valvoline Inc. 1.24% 3,337,000 $119.8M Add +14.4%
KHC The Kraft Heinz Co. 1.19% 4,439,087 $115.6M Add +0.2%
ESAB Esab Corp. 1.15% 996,533 $111.4M Add +64.3%
INGR Ingredion Inc. 1.14% 903,346 $110.3M Add +16.0%
XRAY Dentsply Sirona Inc. 1.12% 8,522,989 $108.2M Reduce -6.9%
TKR Timken Co. 1.11% 1,423,361 $107.0M Add +28.6%
CBRE CBRE Group Inc. Class A 1.05% 645,944 $101.8M Reduce -37.6%
KMX Carmax Inc. 1.04% 2,241,359 $100.6M Add +29.1%
VZ Verizon Communications Inc. 1.03% 2,266,918 $99.6M Reduce -12.4%
RHP Ryman Hospitality Properties 1.03% 1,108,938 $99.3M Add +21.4%
CRL Charles River Laboratories 0.98% 603,877 $94.5M Add +0.8%
SWK Stanley Black & Decker Inc. 0.96% 1,248,494 $92.8M Reduce -10.1%
MDT Medtronic PLC 0.93% 948,445 $90.3M Reduce -10.3%
FUL H.B. Fuller Co. filed as FULLER H B CO 0.91% 1,481,030 $87.8M Add +94.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.91% 766,589 $87.8M Reduce -12.9%
ALLE Allegion PLC 0.89% 484,287 $85.9M Reduce -11.1%
PRGO Perrigo Co. PLC 0.85% 3,680,411 $82.0M Add +11.6%
TEL Te Connectivity PLC 0.84% 371,704 $81.6M Reduce -70.0%
BAM Brookfield Asset Mgmt-A 0.79% 1,346,894 $76.7M Add +7.3%
FLO Flowers Foods Inc. 0.74% 5,463,003 $71.3M Reduce -2.3%
JBI Janus International Group Inc. 0.70% 6,872,226 $67.8M Reduce -6.2%
APG Api Group Corp. 0.68% 1,922,938 $66.1M Reduce -42.1%
DFH Dream Finders Homes Inc. Class A 0.66% 2,470,118 $64.0M Add +0.4%
MTB M & T Bank Corp. filed as M & T BK CORP 0.66% 323,410 $63.9M Add +1.4%
EPAC Enerpac Tool Group Corp. 0.65% 1,546,003 $63.4M Add +46.1%
COLB Columbia Banking System Inc. 0.65% 2,456,023 $63.2M Add +14.5%
AMWD American Woodmark Corp. 0.64% 930,460 $62.1M Add +3.7%
EOG EOG Resources Inc. 0.64% 553,973 $62.1M Reduce -9.2%
MKL Markel Group Inc. 0.63% 32,067 $61.3M Reduce -3.3%
ARW Arrow Electronics Inc. 0.63% 500,149 $60.5M Reduce -57.7%
WGO Winnebago Industries 0.62% 1,793,130 $60.0M Reduce -0.4%
FISV Fiserv Inc. 0.62% 463,324 $59.7M New
C Citigroup Inc. 0.60% 569,432 $57.8M Reduce -26.4%
CBSH Commerce Bancshares Inc. 0.58% 936,864 $56.0M Add +0.6%
WSFS WSFS Financial Corp. 0.57% 1,031,956 $55.7M Add +15.5%
HCA HCA Healthcare Inc. 0.54% 122,672 $52.3M Reduce -6.7%
BAX Baxter International Inc. 0.52% 2,200,860 $50.1M Add +25.7%
MBUU Malibu Boats Inc. Class A 0.52% 1,544,091 $50.1M Add +12.4%
BV Brightview Holdings Inc. 0.49% 3,568,050 $47.8M Add +40.9%
BUR Burford Capital Ltd. 0.49% 3,966,223 $47.4M Add +35.2%
AESI Atlas Energy Solutions Inc. 0.49% 4,153,554 $47.2M Add +29.0%
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.47% 719,812 $45.8M Reduce -32.3%
STC Stewart Information Services 0.42% 551,519 $40.4M Add +23.2%
ITGR Integer Holdings Corp. 0.41% 384,489 $39.7M Add +35.7%
UL Unilever PLC 0.40% 648,171 $38.4M Reduce -12.5%
AWI Armstrong World Industries 0.38% 190,158 $37.3M Reduce -45.0%
TGLS Tecnoglass Holdings Inc. 0.38% 554,997 $37.1M Reduce -12.1%
CNMD Conmed Corp. 0.34% 704,323 $33.1M Add +0.8%
HNI Hni Corp. 0.30% 613,522 $28.7M New
RUSHA Rush Enterprises Inc. Class A 0.22% 394,231 $21.1M Reduce -0.2%
NXPI NXP Semiconductors NV 0.22% 92,282 $21.0M Reduce -35.9%
WFRD Weatherford International PL 0.21% 303,850 $20.8M Add +6.0%
VREX Varex Imaging Corp. 0.20% 1,597,483 $19.8M Reduce -25.2%
BOOM DMC Global Inc. 0.17% 1,973,113 $16.7M Reduce -0.2%
GRC Gorman-Rupp Co. 0.15% 308,113 $14.3M Reduce -23.0%
SSD Simpson Manufacturing Co. Inc. 0.13% 72,916 $12.2M New
SCS Steelcase Inc. Class A 0.12% 661,424 $11.4M Reduce -81.6%
JPM JPMorgan Chase & Co. 0.02% 5,475 $1.7M Reduce -96.8%
PM Philip Morris International 0.01% 7,612 $1.2M Reduce -99.1%
BRK.B Berkshire Hathaway Inc. Class B 0.01% 2,310 $1.2M Reduce -0.4%
GOOGL Alphabet Inc. Class A 0.01% 3,904 $949K Reduce -51.9%
HBI Hanesbrands Inc. 0.01% 94,210 $621K Reduce -99.4%
GOOG Alphabet Inc. Class C 0.00% 1,600 $390K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.00% 2,500 $361K No change
GIS General Mills Inc. 0.00% 5,000 $252K No change

Portfolio Sells Q2 2025 → Q3 2025
PM Philip Morris International Reduce -99.1% 0.01% −1.58
TEL Te Connectivity PLC Reduce -70.0% 0.84% −1.25
STT State Street Corp. Reduce -50.2% 1.31% −1.02
ARW Arrow Electronics Inc. Reduce -57.7% 0.63% −0.88
WWD Woodward Inc. Reduce -32.6% 1.80% −0.71
HBI Hanesbrands Inc. Reduce -99.4% 0.01% −0.69
BN Brookfield Corp. Reduce -33.1% 1.67% −0.51
JPM JPMorgan Chase & Co. Reduce -96.8% 0.02% −0.48
SCHW Schwab (charles) Corp. Reduce -28.2% 1.60% −0.46
APG Api Group Corp. Reduce -42.1% 0.68% −0.45
GTES Gates Industrial Corp. UK Ltd. Sold out 0.00% −0.44
CBRE CBRE Group Inc. Class A Reduce -37.6% 1.05% −0.40
XRAY Dentsply Sirona Inc. Reduce -6.9% 1.12% −0.34
BAC Bank of America Corp. Reduce -26.3% 1.26% −0.26
SCS Steelcase Inc. Class A Reduce -81.6% 0.12% −0.26
RBA RB Global Inc. Reduce -12.5% 2.85% −0.24
DIS The Walt Disney Co. Reduce -12.9% 0.91% −0.19
AWI Armstrong World Industries Reduce -45.0% 0.38% −0.18
FLO Flowers Foods Inc. Reduce -2.3% 0.74% −0.16
AL Sumisho Air Lease Corp. Reduce -32.3% 0.47% −0.15
OTEX Open Text Corp. Reduce -29.2% 1.65% −0.11
TGLS Tecnoglass Holdings Inc. Reduce -12.1% 0.38% −0.11
AER Aercap Holdings NV Reduce -9.6% 2.88% −0.11
NXPI NXP Semiconductors NV Reduce -35.9% 0.22% −0.10
VZ Verizon Communications Inc. Reduce -12.4% 1.03% −0.09
EOG EOG Resources Inc. Reduce -9.2% 0.64% −0.09
C Citigroup Inc. Reduce -26.4% 0.60% −0.06
UL Unilever PLC Reduce -12.5% 0.40% −0.06
MKL Markel Group Inc. Reduce -3.3% 0.63% −0.03
HAS Hasbro Inc. Reduce -7.0% 1.55% −0.02
RS Reliance Inc. Sold out 0.00% −0.01
AME Ametek Inc. Sold out 0.00% −0.01
GOOGL Alphabet Inc. Class A Reduce -51.9% 0.01% −0.00
ITW Illinois Tool Works Sold out 0.00% −0.00
KVUE Kenvue Inc. Sold out 0.00% −0.00
GRC Gorman-Rupp Co. Reduce -23.0% 0.15% +0.00
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.4% 0.01% +0.00
MDT Medtronic PLC Reduce -10.3% 0.93% +0.01
BOOM DMC Global Inc. Reduce -0.2% 0.17% +0.01
RUSHA Rush Enterprises Inc. Class A Reduce -0.2% 0.22% +0.01
SWK Stanley Black & Decker Inc. Reduce -10.1% 0.96% +0.02
VREX Varex Imaging Corp. Reduce -25.2% 0.20% +0.02
RNR Renaissancere Holdings Ltd. Reduce -6.5% 2.90% +0.02
HCA HCA Healthcare Inc. Reduce -6.7% 0.54% +0.04
COP Conocophillips Reduce -4.7% 1.57% +0.06
LH Labcorp Holdings Inc. Reduce -7.8% 2.24% +0.09
BDX Becton Dickinson and Co. Reduce -5.8% 1.71% +0.09
ATO Atmos Energy Corp. Reduce -7.3% 1.65% +0.09
WGO Winnebago Industries Reduce -0.4% 0.62% +0.10
ALLE Allegion PLC Reduce -11.1% 0.89% +0.10

Portfolio Buys Q2 2025 → Q3 2025
ACGL Arch Capital Group Ltd. New 2.18% +2.18
FNF Fidelity National Financial Add +12.3% 3.29% +0.66
FISV Fiserv Inc. New 0.62% +0.62
WTM White Mountains Insurance GP Add +40.5% 1.86% +0.48
MKSI MKS Inc. Add +7.7% 1.69% +0.47
FUL H.B. Fuller Co. Add +94.9% 0.91% +0.45
ESAB Esab Corp. Add +64.3% 1.15% +0.42
CB Chubb Ltd. Add +21.3% 1.77% +0.32
UNH Unitedhealth Group Inc. Add +15.3% 1.30% +0.31
TKR Timken Co. Add +28.6% 1.11% +0.30
HNI Hni Corp. New 0.30% +0.30
ESNT Essent Group Ltd. Add +19.6% 1.27% +0.29
EPAC Enerpac Tool Group Corp. Add +46.1% 0.65% +0.23
XPO Xpo Inc. Add +9.0% 1.25% +0.16
AMWD American Woodmark Corp. Add +3.7% 0.64% +0.16
COLB Columbia Banking System Inc. Add +14.5% 0.65% +0.15
VVV Valvoline Inc. Add +14.4% 1.24% +0.13
SSD Simpson Manufacturing Co. Inc. New 0.13% +0.13
STC Stewart Information Services Add +23.2% 0.42% +0.13
RHP Ryman Hospitality Properties Add +21.4% 1.03% +0.12
CSL Carlisle Cos Inc. Add +21.3% 1.27% +0.12
TFX Teleflex Inc. Add +1.2% 1.54% +0.11
MSA Msa Safety Inc. Add +1.3% 1.47% +0.10
BAM Brookfield Asset Mgmt-A Add +7.3% 0.79% +0.10
MBUU Malibu Boats Inc. Class A Add +12.4% 0.52% +0.09
WSFS WSFS Financial Corp. Add +15.5% 0.57% +0.08
INGR Ingredion Inc. Add +16.0% 1.14% +0.08
BV Brightview Holdings Inc. Add +40.9% 0.49% +0.07
BUR Burford Capital Ltd. Add +35.2% 0.49% +0.07
WFRD Weatherford International PL Add +6.0% 0.21% +0.07
CRL Charles River Laboratories Add +0.8% 0.98% +0.07
CCI Crown Castle Inc. Add +6.0% 2.41% +0.06
ITGR Integer Holdings Corp. Add +35.7% 0.41% +0.06
AESI Atlas Energy Solutions Inc. Add +29.0% 0.49% +0.06
KHC The Kraft Heinz Co. Add +0.2% 1.19% +0.05
DFH Dream Finders Homes Inc. Class A Add +0.4% 0.66% +0.04
MTB M & T Bank Corp. Add +1.4% 0.66% +0.04
CBSH Commerce Bancshares Inc. Add +0.6% 0.58% −0.00
BAX Baxter International Inc. Add +25.7% 0.52% −0.01
PPG PPG Industries Inc. Add +3.6% 1.50% −0.02
CNMD Conmed Corp. Add +0.8% 0.34% −0.02
PRGO Perrigo Co. PLC Add +11.6% 0.85% −0.04
LKQ LKQ Corp. Add +9.0% 1.27% −0.10
KMX Carmax Inc. Add +29.1% 1.04% −0.13

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 100$8.6BGIL, RBA, RNR, FNF, ACGL
Q1 2026 103$8.8BGIL, RNR, RBA, WTM, CCI
Q4 2025 104$9.6BGIL, RNR, FNF, CCI, ACGL
Q3 2025 99$9.7BGIL, FNF, RNR, AER, RBA
Q2 2025 100$10.0BGIL, RBA, AER, RNR, FNF
Q1 2025 102$10.0BFNF, GIL, RBA, RNR, CCI
Q4 2024 99$10.4BGIL, FNF, RBA, AER, STT
Q3 2024 95$11.0BGIL, FNF, RNR, CCI, AER
Q2 2024 96$10.4BGIL, AER, FNF, TEL, STT
Q1 2024 99$10.8BGIL, AER, FNF, STT, GL