Fiduciary Management Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Fiduciary Management Inc. reported 62 stock positions worth $8.1 billion. Its top holding was Aramark (ARMK) at 5.3% of the portfolio, followed by Booking (BKNG, 4.9%) and Schwab (charles) (SCHW, 4.0%). Compared with Q4 2025, it opened 4 new positions, sold out of 9, added to 19 and reduced 39. The biggest buy was a new position in Fti Consulting (FCN) and the biggest sale an exit from Plexus (PLXS).
- Most Recent 13F
- Q2 2026
- Location
- MILWAUKEE, WI
- CIK
- 0000764532
- Portfolio Value
- $8.1B (Q1 2026)
- SEC Filing
- 0000764532-26-000003 ↗ filed May 14, 2026
Holdings Value
Holdings 62 stocks · $8.1B
| ARMK Aramark | 5.33% | 10,587,895 | $429.2M | Reduce -7.7% |
| BKNG Booking Holdings Inc. | 4.91% | 93,911 | $395.4M | Add +28.5% |
| SCHW Schwab (charles) Corp. | 4.04% | 3,465,521 | $325.7M | Reduce -10.5% |
| FERG Ferguson Enterprises Inc. | 3.87% | 1,337,332 | $311.9M | Reduce -10.0% |
| AVY Avery Dennison Corp. | 2.68% | 1,252,529 | $216.3M | Reduce -10.6% |
| CARR Carrier Global Corp. | 2.49% | 3,567,389 | $200.9M | Reduce -10.2% |
| BDX Becton Dickinson and Co. | 2.42% | 1,239,752 | $194.9M | Add +12.3% |
| ACN Accenture PLC Class A | 2.37% | 962,367 | $190.8M | Add +35.2% |
| WTM White Mountains Insurance GP | 2.32% | 85,066 | $186.9M | Reduce -5.8% |
| CDW CDW Corp. | 2.17% | 1,443,309 | $174.7M | Add +41.0% |
| PRI Primerica Inc. | 2.15% | 692,022 | $173.3M | Add +13.2% |
| FCFS Firstcash Holdings Inc. | 2.13% | 912,051 | $171.5M | Reduce -5.4% |
| CSL Carlisle Cos Inc. | 2.04% | 493,744 | $164.7M | Reduce -7.8% |
| VVV Valvoline Inc. | 2.02% | 4,828,931 | $162.6M | Reduce -2.9% |
| ZION Zions Bancorp NA | 1.99% | 2,787,957 | $160.6M | Reduce -3.7% |
| ATR Aptargroup Inc. | 1.96% | 1,252,338 | $157.8M | Add +0.4% |
| GTES Gates Industrial Corp. UK Ltd. | 1.87% | 6,654,116 | $150.4M | Reduce -4.3% |
| ARW Arrow Electronics Inc. | 1.87% | 1,048,441 | $150.4M | Reduce -34.6% |
| ALLE Allegion PLC | 1.86% | 1,033,019 | $150.1M | Add +1.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.81% | 304,648 | $146.0M | Reduce -11.9% |
| FCN Fti Consulting Inc. | 1.81% | 823,713 | $145.6M | New |
| HSIC Henry Schein Inc. filed as SCHEIN HENRY INC | 1.79% | 1,954,083 | $144.0M | Reduce -14.8% |
| OMF Onemain Holdings Inc. | 1.78% | 2,683,426 | $143.5M | Reduce -4.6% |
| MAS Masco Corp. | 1.77% | 2,368,825 | $143.0M | Reduce -10.2% |
| DGX Quest Diagnostics Inc. | 1.75% | 720,986 | $141.3M | Reduce -31.1% |
| ACGL Arch Capital Group Ltd. | 1.74% | 1,461,096 | $140.3M | Add +31.4% |
| PHG Koninklijke Philips NVR- NY | 1.69% | 4,976,913 | $136.4M | Reduce -23.9% |
| SYY Sysco Corp. | 1.66% | 1,876,385 | $133.8M | Reduce -11.0% |
| PNC PNC Financial Services Group | 1.64% | 636,078 | $132.4M | New |
| UL Unilever PLC-Sponsored ADR | 1.62% | 2,294,923 | $130.7M | Reduce -10.7% |
| CVCO Cavco Industries Inc. | 1.61% | 267,514 | $129.6M | Add +36.7% |
| NSIT Insight Enterprises Inc. | 1.56% | 1,875,277 | $125.7M | Add +41.8% |
| SUNB Sunbelt Rentals Holdings Inc. | 1.55% | 1,921,250 | $125.1M | New |
| CNM Core & Main Inc. Class A | 1.52% | 2,482,510 | $122.6M | Reduce -5.0% |
| DCI Donaldson Co. Inc. | 1.50% | 1,426,427 | $121.1M | Reduce -38.5% |
| HAYW Hayward Holdings Inc. | 1.45% | 8,738,960 | $116.9M | Reduce -3.9% |
| DLTR Dollar Tree Inc. | 1.45% | 1,067,313 | $116.9M | Reduce -9.8% |
| HLI Houlihan Lokey Inc. | 1.43% | 803,572 | $115.4M | Add +15.2% |
| HURN Huron Consulting Group Inc. | 1.43% | 903,400 | $115.2M | Add +72.3% |
| PGR Progressive Corp. | 1.43% | 579,706 | $114.9M | Add +42.1% |
| MWA Mueller Water Products Inc. Class A | 1.42% | 4,156,199 | $114.3M | Add +31.3% |
| MSA Msa Safety Inc. | 1.38% | 678,986 | $111.3M | Reduce -5.1% |
| COF Capital One Financial Corp. | 1.33% | 585,777 | $106.9M | Reduce -10.8% |
| FMS Fresenius Medical Care-ADR | 1.25% | 4,462,106 | $100.7M | Reduce -10.1% |
| UNH Unitedhealth Group Inc. | 1.20% | 357,951 | $96.9M | Reduce -8.9% |
| GOOGL Alphabet Inc. Class A | 1.17% | 327,682 | $94.2M | Reduce -59.2% |
| LPX Louisiana-Pacific Corp. | 1.14% | 1,265,398 | $92.1M | Add +15.2% |
| RYAAY Ryanair Holdings PLC-SP ADR | 1.03% | 1,441,982 | $83.3M | Reduce -6.1% |
| FBIN Fortune Brands Innovations I | 1.00% | 2,072,259 | $80.8M | Reduce -2.6% |
| SSD Simpson Manufacturing Co. Inc. | 0.92% | 434,209 | $74.5M | Reduce -4.6% |
| CCEP Coca-Cola Europacific Partne | 0.90% | 802,103 | $72.7M | Reduce -20.6% |
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 0.84% | 689,400 | $67.9M | Reduce -4.8% |
| AIT Applied Industrial Tech Inc. | 0.68% | 205,928 | $54.6M | Reduce -4.7% |
| CTS CTS Corp. | 0.62% | 1,042,452 | $49.8M | Reduce -3.9% |
| RHI Robert Half Inc. | 0.54% | 1,708,488 | $43.4M | Reduce -3.2% |
| SDXAY Sodexo-Sponsored ADR | 0.02% | 170,072 | $1.8M | Add +22.3% |
| IFJPY Informa PLC-SP ADR | 0.02% | 72,000 | $1.5M | Add +496.0% |
| WEIGF Weir PLC filed as Weir Group PLC | 0.02% | 34,009 | $1.3M | Reduce -44.1% |
| BSPAX iShares S&P 500 Index-A | 0.00% | 443 | $337K | Add +0.2% |
| IMCDY Imcd Group NV - Unsp ADR filed as IMCD N V ADR | 0.00% | 4,002 | $209K | New |
| EDNMY Edenred SA-Unsp ADR | 0.00% | 14,271 | $138K | Add +21.1% |
| BMRRY B&M European Value-Unsp ADR filed as B AND M EUROPEAN VALUEUNSP ADR | 0.00% | 12,165 | $106K | Reduce -3.0% |
Portfolio Sells Q4 2025 → Q1 2026
| PLXS Plexus Corp. | Sold out | 0.00% | −2.09 |
| SLB SLB Ltd. | Sold out | 0.00% | −1.78 |
| CSX CSX Corp. | Sold out | 0.00% | −1.60 |
| GOOGL Alphabet Inc. Class A | Reduce -59.2% | 1.17% | −1.59 |
| SONY Sony Group Corp. - SP ADR | Sold out | 0.00% | −1.58 |
| ICLR Icon PLC | Sold out | 0.00% | −0.96 |
| DCI Donaldson Co. Inc. | Reduce -38.5% | 1.50% | −0.76 |
| COF Capital One Financial Corp. | Reduce -10.8% | 1.33% | −0.42 |
| OMF Onemain Holdings Inc. | Reduce -4.6% | 1.78% | −0.31 |
| PHG Koninklijke Philips NVR- NY | Reduce -23.9% | 1.69% | −0.26 |
| DGX Quest Diagnostics Inc. | Reduce -31.1% | 1.75% | −0.24 |
| UNH Unitedhealth Group Inc. | Reduce -8.9% | 1.20% | −0.22 |
| UL Unilever PLC-Sponsored ADR | Reduce -10.7% | 1.62% | −0.22 |
| SCHW Schwab (charles) Corp. | Reduce -10.5% | 4.04% | −0.21 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -6.1% | 1.03% | −0.18 |
| FBIN Fortune Brands Innovations I | Reduce -2.6% | 1.00% | −0.17 |
| DLTR Dollar Tree Inc. | Reduce -9.8% | 1.45% | −0.15 |
| HSIC Henry Schein Inc. | Reduce -14.8% | 1.79% | −0.12 |
| AVY Avery Dennison Corp. | Reduce -10.6% | 2.68% | −0.12 |
| CCEP Coca-Cola Europacific Partne | Reduce -20.6% | 0.90% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.9% | 1.81% | −0.10 |
| HAYW Hayward Holdings Inc. | Reduce -3.9% | 1.45% | −0.09 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.08 |
| ARW Arrow Electronics Inc. | Reduce -34.6% | 1.87% | −0.08 |
| MAS Masco Corp. | Reduce -10.2% | 1.77% | −0.06 |
| FMS Fresenius Medical Care-ADR | Reduce -10.1% | 1.25% | −0.05 |
| SYY Sysco Corp. | Reduce -11.0% | 1.66% | −0.05 |
| IVV iShares Core S&P 500 ETF | Sold out | 0.00% | −0.02 |
| ASHGY Ashtead Group PLC Spon ADR | Sold out | 0.00% | −0.02 |
| WEIGF Weir PLC | Reduce -44.1% | 0.02% | −0.01 |
| RXEEY Rexel SA - Unsponsored ADR | Sold out | 0.00% | −0.00 |
| BMRRY B&M European Value-Unsp ADR | Reduce -3.0% | 0.00% | +0.00 |
| RHI Robert Half Inc. | Reduce -3.2% | 0.54% | +0.01 |
| CNM Core & Main Inc. Class A | Reduce -5.0% | 1.52% | +0.03 |
| AIT Applied Industrial Tech Inc. | Reduce -4.7% | 0.68% | +0.07 |
| CTS CTS Corp. | Reduce -3.9% | 0.62% | +0.11 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -4.6% | 0.92% | +0.12 |
| MSA Msa Safety Inc. | Reduce -5.1% | 1.38% | +0.12 |
| BJ Bj's Wholesale Club Holdings | Reduce -4.8% | 0.84% | +0.13 |
| ZION Zions Bancorp NA | Reduce -3.7% | 1.99% | +0.13 |
| CSL Carlisle Cos Inc. | Reduce -7.8% | 2.04% | +0.16 |
| CARR Carrier Global Corp. | Reduce -10.2% | 2.49% | +0.19 |
| GTES Gates Industrial Corp. UK Ltd. | Reduce -4.3% | 1.87% | +0.23 |
| FERG Ferguson Enterprises Inc. | Reduce -10.0% | 3.87% | +0.23 |
| WTM White Mountains Insurance GP | Reduce -5.8% | 2.32% | +0.26 |
| VVV Valvoline Inc. | Reduce -2.9% | 2.02% | +0.43 |
| FCFS Firstcash Holdings Inc. | Reduce -5.4% | 2.13% | +0.44 |
| ARMK Aramark | Reduce -7.7% | 5.33% | +0.68 |
Portfolio Buys Q4 2025 → Q1 2026
| FCN Fti Consulting Inc. | New | 1.81% | +1.81 |
| PNC PNC Financial Services Group | New | 1.64% | +1.64 |
| SUNB Sunbelt Rentals Holdings Inc. | New | 1.55% | +1.55 |
| CDW CDW Corp. | Add +41.0% | 2.17% | +0.63 |
| BKNG Booking Holdings Inc. | Add +28.5% | 4.91% | +0.60 |
| MWA Mueller Water Products Inc. Class A | Add +31.3% | 1.42% | +0.59 |
| ACGL Arch Capital Group Ltd. | Add +31.4% | 1.74% | +0.57 |
| HURN Huron Consulting Group Inc. | Add +72.3% | 1.43% | +0.43 |
| PRI Primerica Inc. | Add +13.2% | 2.15% | +0.41 |
| PGR Progressive Corp. | Add +42.1% | 1.43% | +0.40 |
| NSIT Insight Enterprises Inc. | Add +41.8% | 1.56% | +0.37 |
| CVCO Cavco Industries Inc. | Add +36.7% | 1.61% | +0.34 |
| ATR Aptargroup Inc. | Add +0.4% | 1.96% | +0.29 |
| ACN Accenture PLC Class A | Add +35.2% | 2.37% | +0.27 |
| LPX Louisiana-Pacific Corp. | Add +15.2% | 1.14% | +0.17 |
| HLI Houlihan Lokey Inc. | Add +15.2% | 1.43% | +0.10 |
| ALLE Allegion PLC | Add +1.7% | 1.86% | +0.08 |
| BDX Becton Dickinson and Co. | Add +12.3% | 2.42% | +0.06 |
| IFJPY Informa PLC-SP ADR | Add +496.0% | 0.02% | +0.01 |
| SDXAY Sodexo-Sponsored ADR | Add +22.3% | 0.02% | +0.01 |
| IMCDY Imcd Group NV - Unsp ADR | New | 0.00% | +0.00 |
| BSPAX iShares S&P 500 Index-A | Add +0.2% | 0.00% | +0.00 |
| EDNMY Edenred SA-Unsp ADR | Add +21.1% | 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 |