Fiduciary Management Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Fiduciary Management Inc. reported 56 stock positions worth $7.0 billion. Its top holding was Aramark (ARMK) at 5.3% of the portfolio, followed by Booking (BKNG, 4.7%) and Insight Enterprises (NSIT, 3.8%). Compared with Q1 2026, it opened 5 new positions, sold out of 11, added to 13 and reduced 38. The biggest buy was a new position in Gates Industrial (GTES) and the biggest sale an exit from Gates Industrial Corp. UK (GTES).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0000764532
- Portfolio Value
- $7.0B (Q2 2026)
- SEC Filing
- 0000764532-26-000007 ↗ filed Aug 13, 2026
Holdings Value
Holdings 56 stocks · $7.0B
| ARMK Aramark | 5.28% | 6,520,495 | $371.0M | Reduce -38.4% |
| BKNG Booking Holdings Inc. | 4.71% | 1,858,189 | $331.2M | Reduce -20.9% |
| NSIT Insight Enterprises Inc. | 3.81% | 2,197,521 | $267.7M | Add +17.2% |
| SCHW Schwab (charles) Corp. | 3.01% | 2,295,743 | $211.8M | Reduce -33.8% |
| VVV Valvoline Inc. | 2.88% | 5,122,337 | $202.5M | Add +6.1% |
| HAYW Hayward Holdings Inc. | 2.88% | 11,684,338 | $202.3M | Add +33.7% |
| FERG Ferguson Enterprises Inc. | 2.85% | 844,907 | $200.5M | Reduce -36.8% |
| CDW CDW Corp. | 2.79% | 1,393,758 | $196.0M | Reduce -3.4% |
| OMF Onemain Holdings Inc. | 2.67% | 3,080,673 | $187.8M | Add +14.8% |
| ZION Zions Bancorp NA | 2.55% | 2,591,257 | $179.3M | Reduce -7.1% |
| ATR Aptargroup Inc. | 2.54% | 1,423,771 | $178.3M | Add +13.7% |
| GTES Gates Industrial Corp. Ltd. | 2.46% | 6,189,245 | $173.1M | New |
| CSL Carlisle Cos Inc. | 2.31% | 447,968 | $162.5M | Reduce -9.3% |
| CVCO Cavco Industries Inc. | 2.19% | 250,135 | $153.7M | Reduce -6.5% |
| MWA Mueller Water Products Inc. Class A | 2.17% | 5,902,018 | $152.4M | Add +42.0% |
| AVY Avery Dennison Corp. | 2.16% | 935,794 | $151.9M | Reduce -25.3% |
| PRI Primerica Inc. | 2.16% | 534,226 | $151.8M | Reduce -22.8% |
| HSIC Henry Schein Inc. filed as SCHEIN HENRY INC | 2.16% | 1,817,353 | $151.8M | Reduce -7.0% |
| COF Capital One Financial Corp. | 2.15% | 753,703 | $151.2M | Add +28.7% |
| FCN Fti Consulting Inc. | 2.03% | 957,952 | $142.7M | Add +16.3% |
| CARR Carrier Global Corp. | 2.01% | 1,923,538 | $141.1M | Reduce -46.1% |
| WTM White Mountains Insurance GP | 1.96% | 66,550 | $138.0M | Reduce -21.8% |
| LPX Louisiana-Pacific Corp. | 1.96% | 1,751,120 | $137.7M | Add +38.4% |
| UNH Unitedhealth Group Inc. | 1.93% | 325,962 | $135.5M | Reduce -8.9% |
| MAS Masco Corp. | 1.81% | 1,562,913 | $127.2M | Reduce -34.0% |
| BDX Becton Dickinson and Co. | 1.79% | 831,781 | $125.9M | Reduce -32.9% |
| HLI Houlihan Lokey Inc. | 1.79% | 938,411 | $125.9M | Add +16.8% |
| MSA Msa Safety Inc. | 1.77% | 713,768 | $124.6M | Add +5.1% |
| ACGL Arch Capital Group Ltd. | 1.69% | 1,225,226 | $118.9M | Reduce -16.1% |
| HURN Huron Consulting Group Inc. | 1.66% | 1,293,304 | $116.6M | Add +43.2% |
| SUNB Sunbelt Rentals Holdings Inc. | 1.65% | 1,553,309 | $116.2M | Reduce -19.1% |
| DCI Donaldson Co. Inc. | 1.63% | 1,279,144 | $114.8M | Reduce -10.3% |
| ALLE Allegion PLC | 1.61% | 803,654 | $112.9M | Reduce -22.2% |
| PGR Progressive Corp. | 1.60% | 513,457 | $112.2M | Reduce -11.4% |
| CNM Core & Main Inc. Class A | 1.58% | 2,308,589 | $111.4M | Reduce -7.0% |
| UL Unilever PLC-Sponsored ADR | 1.53% | 1,786,644 | $107.4M | Reduce -22.1% |
| ACN Accenture PLC Class A | 1.51% | 855,060 | $106.4M | Reduce -11.2% |
| FBIN Fortune Brands Innovations I | 1.51% | 1,928,059 | $105.9M | Reduce -7.0% |
| PNC PNC Financial Services Group | 1.50% | 427,245 | $105.2M | Reduce -32.8% |
| DGX Quest Diagnostics Inc. | 1.46% | 483,557 | $102.5M | Reduce -32.9% |
| PHG Koninklijke Philips NVR- NY | 1.34% | 3,459,961 | $94.1M | Reduce -30.5% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 1.23% | 988,158 | $86.2M | Add +43.3% |
| DLTR Dollar Tree Inc. | 1.22% | 707,327 | $85.6M | Reduce -33.7% |
| SSD Simpson Manufacturing Co. Inc. | 1.21% | 404,809 | $84.7M | Reduce -6.8% |
| RYAAY Ryanair Holdings PLC-SP ADR | 1.18% | 1,285,919 | $83.3M | Reduce -10.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 143,322 | $71.7M | Reduce -53.0% |
| FMS Fresenius Medical Care-ADR | 0.94% | 2,937,829 | $66.4M | Reduce -34.2% |
| ALH Alliance Laundry Holdings Inc. | 0.84% | 2,230,990 | $59.2M | New |
| RHI Robert Half Inc. | 0.66% | 1,521,878 | $46.7M | Reduce -10.9% |
| FCFS Firstcash Holdings Inc. | 0.58% | 189,663 | $41.0M | Reduce -79.2% |
| IFJPY Informa PLC-SP ADR | 0.02% | 70,966 | $1.7M | Reduce -1.4% |
| SDXAY Sodexo-Sponsored ADR | 0.02% | 137,928 | $1.6M | Reduce -18.9% |
| IVV iShares Core S&P 500 ETF | 0.02% | 1,678 | $1.3M | New |
| IJR iShares Core S&P Small-Cap E | 0.01% | 6,090 | $903K | New |
| RXEEY Rexel SA - Unsponsored ADR | 0.00% | 4,544 | $202K | New |
| EDNMY Edenred SA-Unsp ADR | 0.00% | 13,586 | $173K | Reduce -4.8% |
Portfolio Sells Q1 2026 → Q2 2026
| GTES Gates Industrial Corp. UK Ltd. | Sold out | 0.00% | −1.87 |
| ARW Arrow Electronics Inc. | Sold out | 0.00% | −1.87 |
| SYY Sysco Corp. | Sold out | 0.00% | −1.66 |
| FCFS Firstcash Holdings Inc. | Reduce -79.2% | 0.58% | −1.54 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −1.17 |
| SCHW Schwab (charles) Corp. | Reduce -33.8% | 3.01% | −1.03 |
| FERG Ferguson Enterprises Inc. | Reduce -36.8% | 2.85% | −1.02 |
| CCEP Coca-Cola Europacific Partne | Sold out | 0.00% | −0.90 |
| ACN Accenture PLC Class A | Reduce -11.2% | 1.51% | −0.85 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -53.0% | 1.02% | −0.79 |
| AIT Applied Industrial Tech Inc. | Sold out | 0.00% | −0.68 |
| BDX Becton Dickinson and Co. | Reduce -32.9% | 1.79% | −0.63 |
| CTS CTS Corp. | Sold out | 0.00% | −0.62 |
| AVY Avery Dennison Corp. | Reduce -25.3% | 2.16% | −0.52 |
| CARR Carrier Global Corp. | Reduce -46.1% | 2.01% | −0.49 |
| WTM White Mountains Insurance GP | Reduce -21.8% | 1.96% | −0.36 |
| PHG Koninklijke Philips NVR- NY | Reduce -30.5% | 1.34% | −0.35 |
| FMS Fresenius Medical Care-ADR | Reduce -34.2% | 0.94% | −0.30 |
| DGX Quest Diagnostics Inc. | Reduce -32.9% | 1.46% | −0.30 |
| ALLE Allegion PLC | Reduce -22.2% | 1.61% | −0.26 |
| DLTR Dollar Tree Inc. | Reduce -33.7% | 1.22% | −0.23 |
| BKNG Booking Holdings Inc. | Reduce -20.9% | 4.71% | −0.20 |
| PNC PNC Financial Services Group | Reduce -32.8% | 1.50% | −0.15 |
| UL Unilever PLC-Sponsored ADR | Reduce -22.1% | 1.53% | −0.09 |
| ARMK Aramark | Reduce -38.4% | 5.28% | −0.05 |
| ACGL Arch Capital Group Ltd. | Reduce -16.1% | 1.69% | −0.05 |
| WEIGF Weir PLC | Sold out | 0.00% | −0.02 |
| BSPAX iShares S&P 500 Index-A | Sold out | 0.00% | −0.00 |
| IMCDY Imcd Group NV - Unsp ADR | Sold out | 0.00% | −0.00 |
| BMRRY B&M European Value-Unsp ADR | Sold out | 0.00% | −0.00 |
| EDNMY Edenred SA-Unsp ADR | Reduce -4.8% | 0.00% | +0.00 |
| SDXAY Sodexo-Sponsored ADR | Reduce -18.9% | 0.02% | +0.00 |
| IFJPY Informa PLC-SP ADR | Reduce -1.4% | 0.02% | +0.01 |
| PRI Primerica Inc. | Reduce -22.8% | 2.16% | +0.01 |
| MAS Masco Corp. | Reduce -34.0% | 1.81% | +0.03 |
| CNM Core & Main Inc. Class A | Reduce -7.0% | 1.58% | +0.06 |
| SUNB Sunbelt Rentals Holdings Inc. | Reduce -19.1% | 1.65% | +0.10 |
| RHI Robert Half Inc. | Reduce -10.9% | 0.66% | +0.13 |
| DCI Donaldson Co. Inc. | Reduce -10.3% | 1.63% | +0.13 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -10.8% | 1.18% | +0.15 |
| PGR Progressive Corp. | Reduce -11.4% | 1.60% | +0.17 |
| CSL Carlisle Cos Inc. | Reduce -9.3% | 2.31% | +0.27 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -6.8% | 1.21% | +0.28 |
| HSIC Henry Schein Inc. | Reduce -7.0% | 2.16% | +0.37 |
| FBIN Fortune Brands Innovations I | Reduce -7.0% | 1.51% | +0.50 |
| ZION Zions Bancorp NA | Reduce -7.1% | 2.55% | +0.56 |
| CVCO Cavco Industries Inc. | Reduce -6.5% | 2.19% | +0.58 |
| CDW CDW Corp. | Reduce -3.4% | 2.79% | +0.62 |
| UNH Unitedhealth Group Inc. | Reduce -8.9% | 1.93% | +0.72 |
Portfolio Buys Q1 2026 → Q2 2026
| GTES Gates Industrial Corp. Ltd. | New | 2.46% | +2.46 |
| NSIT Insight Enterprises Inc. | Add +17.2% | 3.81% | +2.25 |
| HAYW Hayward Holdings Inc. | Add +33.7% | 2.88% | +1.43 |
| OMF Onemain Holdings Inc. | Add +14.8% | 2.67% | +0.89 |
| VVV Valvoline Inc. | Add +6.1% | 2.88% | +0.86 |
| ALH Alliance Laundry Holdings Inc. | New | 0.84% | +0.84 |
| COF Capital One Financial Corp. | Add +28.7% | 2.15% | +0.82 |
| LPX Louisiana-Pacific Corp. | Add +38.4% | 1.96% | +0.82 |
| MWA Mueller Water Products Inc. Class A | Add +42.0% | 2.17% | +0.75 |
| ATR Aptargroup Inc. | Add +13.7% | 2.54% | +0.58 |
| MSA Msa Safety Inc. | Add +5.1% | 1.77% | +0.39 |
| BJ Bj's Wholesale Club Holdings | Add +43.3% | 1.23% | +0.38 |
| HLI Houlihan Lokey Inc. | Add +16.8% | 1.79% | +0.36 |
| HURN Huron Consulting Group Inc. | Add +43.2% | 1.66% | +0.23 |
| FCN Fti Consulting Inc. | Add +16.3% | 2.03% | +0.22 |
| IVV iShares Core S&P 500 ETF | New | 0.02% | +0.02 |
| IJR iShares Core S&P Small-Cap E | New | 0.01% | +0.01 |
| RXEEY Rexel SA - Unsponsored ADR | New | 0.00% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 56 | $7.0B | ARMK, BKNG, NSIT, SCHW, VVV |
| Q1 2026 | 62 | $8.1B | ARMK, BKNG, SCHW, FERG, AVY |
| Q4 2025 | 67 | $9.1B | ARMK, BKNG, SCHW, FERG, AVY |
| Q3 2025 | 68 | $9.9B | ARMK, FERG, BKNG, SCHW, AVY |
| Q2 2025 | 67 | $10.4B | FERG, BKNG, ARMK, SCHW, CARR |
| Q1 2025 | 66 | $10.4B | BKNG, FERG, ARMK, SCHW, G |
| Q4 2024 | 70 | $10.7B | BKNG, FERG, ARMK, G, SCHW |
| Q3 2024 | 69 | $11.4B | FERG, BKNG, CSL, ARMK, G |
| Q2 2024 | 70 | $10.7B | BKNG, CSL, GOOGL, SCHW, FERG |
| Q1 2024 | 68 | $11.2B | BKNG, CSL, FERG, SCHW, GOOGL |