Fiduciary Management Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Fiduciary Management Inc. reported 70 stock positions worth $10.7 billion. Its top holding was Booking (BKNG) at 5.0% of the portfolio, followed by Carlisle Cos (CSL, 4.1%) and Alphabet Class A (GOOGL, 3.6%). Compared with Q1 2024, it opened 6 new positions, sold out of 4, added to 31 and reduced 33. The biggest buy was a new position in Ferguson Enterprises (FERG) and the biggest sale an exit from Ferguson Jersey (FERG).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0000764532
- Portfolio Value
- $10.7B (Q2 2024)
- SEC Filing
- 0000764532-24-000005 ↗ filed Aug 13, 2024
Holdings Value
Holdings 70 stocks · $10.7B
| BKNG Booking Holdings Inc. | 4.96% | 134,634 | $533.4M | Reduce -1.2% |
| CSL Carlisle Cos Inc. | 4.08% | 1,082,078 | $438.5M | Reduce -3.5% |
| GOOGL Alphabet Inc. Class A | 3.63% | 2,140,080 | $389.8M | Reduce -5.9% |
| SCHW Schwab (charles) Corp. | 3.10% | 4,527,064 | $333.6M | Reduce -5.8% |
| FERG Ferguson Enterprises Inc. | 2.98% | 1,652,273 | $320.0M | New |
| G Genpact Ltd. | 2.87% | 9,589,318 | $308.7M | Add +18.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.84% | 751,191 | $305.6M | Reduce -5.3% |
| ACGL Arch Capital Group Ltd. | 2.67% | 2,841,335 | $286.7M | Reduce -2.2% |
| AVY Avery Dennison Corp. | 2.54% | 1,247,441 | $272.8M | Reduce -5.7% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 2.26% | 2,766,529 | $243.0M | Add +9.2% |
| MAS Masco Corp. | 2.22% | 3,575,046 | $238.3M | Reduce -5.9% |
| KMX Carmax Inc. | 2.07% | 3,035,147 | $222.6M | Reduce -5.6% |
| CARR Carrier Global Corp. | 2.06% | 3,504,988 | $221.1M | Reduce -5.2% |
| UL Unilever PLC | 2.00% | 3,909,891 | $215.0M | Reduce -6.0% |
| ARMK Aramark | 1.94% | 6,137,520 | $208.8M | New |
| MU Micron Technology Inc. | 1.88% | 1,538,153 | $202.3M | Reduce -31.7% |
| UNH Unitedhealth Group Inc. | 1.87% | 395,139 | $201.2M | Reduce -5.4% |
| PGR Progressive Corp. | 1.87% | 965,161 | $200.5M | Reduce -4.8% |
| DGX Quest Diagnostics Inc. | 1.82% | 1,426,655 | $195.3M | Reduce -4.8% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.74% | 3,958,203 | $186.7M | Reduce -1.7% |
| SKX Skechers USA Inc. Class A | 1.63% | 2,532,881 | $175.1M | Reduce -0.4% |
| SYY Sysco Corp. | 1.58% | 2,372,671 | $169.4M | Reduce -4.9% |
| PHG Koninklijke Philips NVR- NY | 1.57% | 6,704,302 | $168.9M | Reduce -2.0% |
| DG Dollar General Corp. | 1.56% | 1,264,478 | $167.2M | Reduce -5.9% |
| DLTR Dollar Tree Inc. | 1.54% | 1,553,778 | $165.9M | Add +23.7% |
| OMC Omnicom Group | 1.54% | 1,841,472 | $165.2M | Reduce -5.8% |
| HLI Houlihan Lokey Inc. | 1.53% | 1,216,179 | $164.0M | Add +0.9% |
| NSIT Insight Enterprises Inc. | 1.50% | 814,349 | $161.5M | Add +0.7% |
| RYAAY Ryanair Holdings PLC-SP ADR | 1.47% | 1,353,750 | $157.6M | Add +24.1% |
| SSD Simpson Manufacturing Co. Inc. | 1.45% | 924,887 | $155.9M | Add +0.3% |
| HSIC Henry Schein Inc. | 1.39% | 2,324,835 | $149.0M | Add +0.9% |
| BECN Beacon Roofing Supply Inc. | 1.34% | 1,594,847 | $144.3M | Reduce -16.3% |
| ORLY O'reilly Automotive Inc. | 1.29% | 131,414 | $138.8M | New |
| CCEP Coca-Cola Europacific Partne | 1.28% | 1,888,379 | $137.6M | Add +4.0% |
| VVV Valvoline Inc. | 1.26% | 3,129,470 | $135.2M | Add +1.1% |
| FBIN Fortune Brands Innovations I | 1.23% | 2,032,672 | $132.0M | Add +1.2% |
| DCI Donaldson Co. Inc. | 1.23% | 1,843,067 | $131.9M | Add +0.7% |
| PLXS Plexus Corp. | 1.19% | 1,244,380 | $128.4M | Add +0.3% |
| NTRS Northern Trust Corp. | 1.19% | 1,528,161 | $128.3M | Reduce -24.5% |
| RHI Robert Half Inc. | 1.17% | 1,959,969 | $125.4M | Reduce -0.2% |
| SONY Sony Group Corp. - SP ADR | 1.16% | 1,471,123 | $125.0M | Reduce -49.8% |
| BLK BlackRock Finance Inc. | 1.11% | 151,846 | $119.6M | Reduce -7.9% |
| NVT Nvent Electric PLC | 1.10% | 1,544,557 | $118.3M | Reduce -15.2% |
| CNM Core & Main Inc. Class A | 1.07% | 2,340,649 | $114.6M | Add +0.2% |
| PRI Primerica Inc. | 1.06% | 482,627 | $114.2M | Add +1.9% |
| GTES Gates Industrial Corp. UK Ltd. | 1.06% | 7,206,228 | $113.9M | Add +0.8% |
| IPG Interpublic Group of Cos Inc. | 1.04% | 3,831,208 | $111.4M | Add +0.3% |
| ARW Arrow Electronics Inc. | 1.03% | 913,901 | $110.4M | Add +0.3% |
| SNN Smith & Nephew PLC -Spon ADR | 1.01% | 4,363,553 | $108.1M | Reduce -5.8% |
| OMF Onemain Holdings Inc. | 0.97% | 2,159,869 | $104.7M | New |
| AIT Applied Industrial Tech Inc. | 0.96% | 531,167 | $103.0M | Add +0.7% |
| ZION Zions Bancorp NA | 0.93% | 2,299,837 | $99.7M | Add +0.7% |
| FMS Fresenius Medical Care-ADR | 0.92% | 5,169,925 | $98.7M | Reduce -4.4% |
| TKR Timken Co. | 0.85% | 1,138,358 | $91.2M | Reduce -0.4% |
| WTM White Mountains Insurance GP | 0.83% | 49,356 | $89.7M | Add +26.6% |
| CDW CDW Corp. | 0.83% | 399,440 | $89.4M | Reduce -37.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.79% | 771,788 | $85.0M | Reduce -4.9% |
| TRS Trimas Corp. | 0.76% | 3,193,747 | $81.6M | Add +1.8% |
| FCFS Firstcash Holdings Inc. | 0.72% | 741,797 | $77.8M | Reduce -23.6% |
| ATR Aptargroup Inc. | 0.71% | 543,075 | $76.5M | Add +0.6% |
| CTS CTS Corp. | 0.57% | 1,212,908 | $61.4M | Add +0.7% |
| ATKR Atkore Inc. | 0.57% | 454,985 | $61.4M | Add +35.4% |
| FN Fabrinet | 0.55% | 243,355 | $59.6M | Add +3.4% |
| SDXAY Sodexo-Sponsored ADR | 0.02% | 104,489 | $1.9M | Add +26.6% |
| BMRRY B&M European Value-Unsp ADR filed as B AND M EUROPEAN VALUEUNSP ADR | 0.01% | 70,196 | $1.6M | Add +27.8% |
| WEIGF Weir PLC filed as Weir Group PLC | 0.01% | 61,285 | $1.5M | Add +14.6% |
| DEO Diageo PLC-Sponsored ADR | 0.01% | 6,944 | $876K | Add +1.0% |
| GGGSF Greggs PLC | 0.00% | 6,434 | $225K | Add +15.3% |
| RHHBY Roche Holdings Ltd.-Spons ADR | 0.00% | 5,991 | $208K | New |
| RXEEY Rexel SA - Unsponsored ADR | 0.00% | 7,777 | $200K | New |
Portfolio Sells Q1 2024 → Q2 2024
| FERG Ferguson Jersey Ltd. | Sold out | 0.00% | −3.39 |
| SONY Sony Group Corp. - SP ADR | Reduce -49.8% | 1.16% | −1.07 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −1.01 |
| ITT Itt Inc. | Sold out | 0.00% | −0.91 |
| CDW CDW Corp. | Reduce -37.7% | 0.83% | −0.63 |
| MU Micron Technology Inc. | Reduce -31.7% | 1.88% | −0.48 |
| MAS Masco Corp. | Reduce -5.9% | 2.22% | −0.45 |
| KMX Carmax Inc. | Reduce -5.6% | 2.07% | −0.42 |
| NTRS Northern Trust Corp. | Reduce -24.5% | 1.19% | −0.41 |
| FCFS Firstcash Holdings Inc. | Reduce -23.6% | 0.72% | −0.38 |
| BECN Beacon Roofing Supply Inc. | Reduce -16.3% | 1.34% | −0.32 |
| DG Dollar General Corp. | Reduce -5.9% | 1.56% | −0.31 |
| SYY Sysco Corp. | Reduce -4.9% | 1.58% | −0.23 |
| SLB SLB Ltd. | Reduce -1.7% | 1.74% | −0.23 |
| RHI Robert Half Inc. | Reduce -0.2% | 1.17% | −0.22 |
| OMC Omnicom Group | Reduce -5.8% | 1.54% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.3% | 2.84% | −0.13 |
| NVT Nvent Electric PLC | Reduce -15.2% | 1.10% | −0.12 |
| BLK BlackRock Finance Inc. | Reduce -7.9% | 1.11% | −0.11 |
| AVY Avery Dennison Corp. | Reduce -5.7% | 2.54% | −0.09 |
| TKR Timken Co. | Reduce -0.4% | 0.85% | −0.04 |
| SNN Smith & Nephew PLC -Spon ADR | Reduce -5.8% | 1.01% | −0.04 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.01 |
| FMS Fresenius Medical Care-ADR | Reduce -4.4% | 0.92% | −0.01 |
| PGR Progressive Corp. | Reduce -4.8% | 1.87% | −0.00 |
| SCHW Schwab (charles) Corp. | Reduce -5.8% | 3.10% | +0.01 |
| UNH Unitedhealth Group Inc. | Reduce -5.4% | 1.87% | +0.03 |
| DGX Quest Diagnostics Inc. | Reduce -4.8% | 1.82% | +0.04 |
| TJX TJX Companies Inc. | Reduce -4.9% | 0.79% | +0.06 |
| UL Unilever PLC | Reduce -6.0% | 2.00% | +0.14 |
| CARR Carrier Global Corp. | Reduce -5.2% | 2.06% | +0.14 |
| CSL Carlisle Cos Inc. | Reduce -3.5% | 4.08% | +0.17 |
| SKX Skechers USA Inc. Class A | Reduce -0.4% | 1.63% | +0.24 |
| ACGL Arch Capital Group Ltd. | Reduce -2.2% | 2.67% | +0.27 |
| PHG Koninklijke Philips NVR- NY | Reduce -2.0% | 1.57% | +0.35 |
| BKNG Booking Holdings Inc. | Reduce -1.2% | 4.96% | +0.56 |
| GOOGL Alphabet Inc. Class A | Reduce -5.9% | 3.63% | +0.57 |
Portfolio Buys Q1 2024 → Q2 2024
| FERG Ferguson Enterprises Inc. | New | 2.98% | +2.98 |
| ARMK Aramark | New | 1.94% | +1.94 |
| ORLY O'reilly Automotive Inc. | New | 1.29% | +1.29 |
| OMF Onemain Holdings Inc. | New | 0.97% | +0.97 |
| BJ Bj's Wholesale Club Holdings | Add +9.2% | 2.26% | +0.55 |
| G Genpact Ltd. | Add +18.1% | 2.87% | +0.49 |
| WTM White Mountains Insurance GP | Add +26.6% | 0.83% | +0.21 |
| NSIT Insight Enterprises Inc. | Add +0.7% | 1.50% | +0.17 |
| FN Fabrinet | Add +3.4% | 0.55% | +0.16 |
| HLI Houlihan Lokey Inc. | Add +0.9% | 1.53% | +0.15 |
| CCEP Coca-Cola Europacific Partne | Add +4.0% | 1.28% | +0.15 |
| PLXS Plexus Corp. | Add +0.3% | 1.19% | +0.15 |
| CTS CTS Corp. | Add +0.7% | 0.57% | +0.07 |
| DLTR Dollar Tree Inc. | Add +23.7% | 1.54% | +0.05 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +24.1% | 1.47% | +0.05 |
| ZION Zions Bancorp NA | Add +0.7% | 0.93% | +0.05 |
| AIT Applied Industrial Tech Inc. | Add +0.7% | 0.96% | +0.03 |
| VVV Valvoline Inc. | Add +1.1% | 1.26% | +0.03 |
| ATR Aptargroup Inc. | Add +0.6% | 0.71% | +0.02 |
| TRS Trimas Corp. | Add +1.8% | 0.76% | +0.01 |
| DCI Donaldson Co. Inc. | Add +0.7% | 1.23% | +0.01 |
| SDXAY Sodexo-Sponsored ADR | Add +26.6% | 0.02% | +0.00 |
| WEIGF Weir PLC | Add +14.6% | 0.01% | +0.00 |
| RXEEY Rexel SA - Unsponsored ADR | New | 0.00% | +0.00 |
| RHHBY Roche Holdings Ltd.-Spons ADR | New | 0.00% | +0.00 |
| ATKR Atkore Inc. | Add +35.4% | 0.57% | +0.00 |
| BMRRY B&M European Value-Unsp ADR | Add +27.8% | 0.01% | +0.00 |
| GGGSF Greggs PLC | Add +15.3% | 0.00% | +0.00 |
| DEO Diageo PLC-Sponsored ADR | Add +1.0% | 0.01% | −0.00 |
| PRI Primerica Inc. | Add +1.9% | 1.06% | −0.00 |
| ARW Arrow Electronics Inc. | Add +0.3% | 1.03% | −0.02 |
| GTES Gates Industrial Corp. UK Ltd. | Add +0.8% | 1.06% | −0.07 |
| IPG Interpublic Group of Cos Inc. | Add +0.3% | 1.04% | −0.07 |
| CNM Core & Main Inc. Class A | Add +0.2% | 1.07% | −0.12 |
| HSIC Henry Schein Inc. | Add +0.9% | 1.39% | −0.16 |
| SSD Simpson Manufacturing Co. Inc. | Add +0.3% | 1.45% | −0.23 |
| FBIN Fortune Brands Innovations I | Add +1.2% | 1.23% | −0.29 |
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 |