River Road Asset Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 17, 2026), River Road Asset Management, LLC reported 173 stock positions worth $9.0 billion. Its top holding was Bj's Wholesale Club (BJ) at 3.3% of the portfolio, followed by McGrath Rentcorp (MGRC, 2.8%) and White Mountains Insurance GP (WTM, 2.7%). Compared with Q1 2026, it opened 13 new positions, sold out of 14, added to 37 and reduced 123. The biggest buy was a new position in Standardaero (SARO) and the biggest sale Murphy USA (MUSA, shares −73%).
- Most Recent 13F
- Q2 2026
- Location
- LOUISVILLE, KY
- CIK
- 0001341401
- Portfolio Value
- $9.0B (Q2 2026)
- SEC Filing
- 0001341401-26-000018 ↗ filed Jul 17, 2026
Holdings Value
Holdings 173 stocks · $9.0B
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 3.28% | 3,374,396 | $294.3M | Reduce -3.7% |
| MGRC McGrath Rentcorp | 2.76% | 2,046,345 | $247.7M | Reduce -5.3% |
| WTM White Mountains Insurance GP | 2.68% | 115,880 | $240.3M | Reduce -3.9% |
| CXW Corecivic Inc. | 2.45% | 7,246,570 | $220.2M | Reduce -19.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.41% | 432,323 | $216.3M | Reduce -5.1% |
| LAD Lithia Motors Inc. | 2.21% | 682,689 | $198.3M | Add +4.6% |
| SARO Standardaero Inc. | 2.19% | 6,581,400 | $196.8M | New |
| MAA Mid-America Apartment Comm | 2.05% | 1,324,380 | $184.0M | Reduce -7.3% |
| AMRZ Amrize Ltd. | 1.98% | 3,331,674 | $177.6M | Add +48.5% |
| ATR Aptargroup Inc. | 1.88% | 1,350,700 | $169.1M | Add +14.8% |
| GXO Gxo Logistics Inc. | 1.84% | 3,262,754 | $165.4M | Reduce -7.9% |
| LH Labcorp Holdings Inc. | 1.84% | 589,085 | $164.9M | Add +16.7% |
| COO The Cooper Cos Inc. | 1.58% | 1,980,875 | $142.0M | Add +0.3% |
| GNW Genworth Financial Inc. | 1.53% | 14,472,015 | $137.0M | Reduce -5.5% |
| AXP American Express Co. | 1.52% | 404,116 | $136.7M | Add +6.6% |
| CALM Cal-Maine Foods Inc. | 1.49% | 1,655,409 | $133.4M | Add +20.9% |
| PLUS Eplus Inc. | 1.47% | 1,582,148 | $131.7M | Reduce -2.6% |
| CRH CRH PLC | 1.46% | 1,221,174 | $130.7M | Reduce -5.0% |
| PRSU Pursuit Attractions and Hosp | 1.24% | 1,992,504 | $111.5M | Reduce -3.9% |
| AWI Armstrong World Industries | 1.24% | 694,210 | $111.4M | Add +149.1% |
| CHE Chemed Corp. | 1.23% | 237,927 | $110.8M | Add +231.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.23% | 1,147,993 | $110.5M | Add +17.6% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 1.21% | 1,364,943 | $108.1M | Add +8.4% |
| PGR Progressive Corp. | 1.14% | 467,075 | $102.0M | Reduce -3.1% |
| CACI Caci International Inc. Class A | 1.12% | 217,801 | $100.9M | Add +45.9% |
| AXS Axis Capital Holdings Ltd. | 1.11% | 929,726 | $99.9M | Reduce -8.4% |
| META Meta Platforms Inc. Class A | 1.09% | 173,418 | $97.7M | Add +24780.6% |
| WTW Willis Towers Watson PLC | 1.08% | 371,893 | $97.2M | Reduce -23.3% |
| HAE Haemonetics Corp. | 1.07% | 1,285,602 | $96.4M | Reduce -3.2% |
| VNT Vontier Corp. | 1.06% | 3,290,984 | $95.4M | Reduce -1.1% |
| CEG Constellation Energy | 1.04% | 376,043 | $93.4M | Add +30.9% |
| DK Delek US Holdings Inc. | 1.04% | 1,837,251 | $93.4M | Reduce -25.9% |
| AGO Assured Guaranty Ltd. | 1.04% | 1,160,270 | $93.0M | Reduce -38.6% |
| SNN Smith & Nephew PLC -Spon ADR | 1.03% | 3,221,876 | $92.8M | Reduce -0.6% |
| ICUI Icu Medical Inc. | 1.02% | 626,290 | $91.8M | Reduce -3.1% |
| AMZN Amazon.com Inc. | 1.00% | 375,949 | $89.6M | Add +15.1% |
| GEHC GE Healthcare Technology | 0.94% | 1,319,999 | $84.5M | Reduce -1.7% |
| AOS Smith (a.o.) Corp. | 0.94% | 1,346,882 | $84.5M | New |
| SFM Sprouts Farmers Market Inc. | 0.93% | 985,375 | $83.3M | Add +41.0% |
| FCNCA First Citizens Bcshs Class A | 0.92% | 39,784 | $82.8M | Reduce -20.7% |
| IMKTA Ingles Markets Inc. Class A | 0.90% | 915,990 | $81.1M | Reduce -4.2% |
| UFPI Ufp Industries Inc. | 0.90% | 889,187 | $80.7M | Reduce -0.1% |
| WSC Willscot Holdings Corp. | 0.90% | 2,783,533 | $80.3M | Reduce -5.2% |
| SR Spire Inc. | 0.86% | 993,125 | $77.6M | New |
| SWX Southwest Gas Holdings Inc. | 0.85% | 865,242 | $76.7M | Reduce -4.3% |
| PSMT Pricesmart Inc. | 0.85% | 391,455 | $76.5M | Reduce -34.9% |
| MDU Mdu Resources Group Inc. | 0.80% | 3,403,955 | $72.2M | Reduce -16.5% |
| TFX Teleflex Inc. | 0.77% | 548,173 | $69.5M | Reduce -40.5% |
| MTN Vail Resorts Inc. | 0.75% | 494,437 | $67.3M | Reduce -1.9% |
| PAYC Paycom Software Inc. | 0.73% | 522,119 | $65.6M | Reduce -3.2% |
| KDP Keurig Dr Pepper Inc. | 0.73% | 1,993,520 | $65.2M | Reduce -27.1% |
| PRKS United Parks & Resorts Inc. | 0.70% | 1,322,967 | $63.2M | Reduce -36.4% |
| BDX Becton Dickinson and Co. | 0.70% | 413,651 | $62.6M | Reduce -0.6% |
| DOLE Dole PLC | 0.70% | 4,559,787 | $62.6M | Reduce -2.9% |
| WEX Wex Inc. | 0.67% | 424,915 | $60.0M | Reduce -10.8% |
| UNP Union Pacific Corp. | 0.67% | 220,385 | $59.9M | Reduce -54.7% |
| UGI Ugi Corp. | 0.66% | 1,720,788 | $59.4M | Add +121.0% |
| MUSA Murphy USA Inc. | 0.64% | 106,439 | $57.4M | Reduce -73.1% |
| WFC Wells Fargo & Co. | 0.64% | 693,210 | $57.3M | Reduce -2.3% |
| NWE Northwestern Energy Group Inc. | 0.64% | 796,943 | $57.1M | Reduce -20.8% |
| TTAM Titan America SA | 0.62% | 2,961,634 | $55.3M | Reduce -5.5% |
| OC Owens Corning | 0.60% | 340,103 | $54.1M | Reduce -5.1% |
| RYN Rayonier Inc. | 0.60% | 2,529,591 | $53.8M | New |
| RTO Rentokil Initial PLC-SP ADR | 0.59% | 1,838,490 | $52.6M | Reduce -3.7% |
| DNOW Dnow Inc. | 0.57% | 3,936,101 | $51.1M | Reduce -1.8% |
| LGIH Lgi Homes Inc. | 0.57% | 798,542 | $50.9M | Reduce -4.6% |
| PR Permian Resources Corp. Class A | 0.56% | 2,707,555 | $49.8M | Reduce -24.1% |
| SAIC Science Applications Inte | 0.55% | 450,948 | $49.8M | Reduce -6.6% |
| ABG Asbury Automotive Group | 0.55% | 247,190 | $49.7M | Reduce -1.3% |
| ICLR Icon PLC filed as ICON PUB LTD CO | 0.55% | 285,137 | $49.5M | Reduce -22.9% |
| TRN Trinity Industries Inc. | 0.54% | 1,388,599 | $48.0M | New |
| GPC Genuine Parts Co. | 0.52% | 394,336 | $46.5M | Add +146.2% |
| SNX TD Synnex Corp. | 0.52% | 173,590 | $46.4M | Reduce -38.3% |
| INGM Ingram Micro Holding Corp. | 0.49% | 1,611,151 | $44.2M | Reduce -8.4% |
| MMS Maximus Inc. | 0.46% | 759,899 | $40.9M | Reduce -8.0% |
| RDN Radian Group Inc. | 0.45% | 1,081,337 | $40.7M | Reduce -4.1% |
| CNA Cna Financial Corp. | 0.43% | 802,360 | $39.0M | Reduce -5.4% |
| CSL Carlisle Cos Inc. | 0.43% | 107,218 | $38.9M | Reduce -33.3% |
| HUBG Hub Group Inc. Class A | 0.43% | 873,954 | $38.3M | Reduce -21.6% |
| HHH Howard Hughes Holdings Inc. | 0.39% | 492,052 | $35.2M | Reduce -3.6% |
| LMT Lockheed Martin Corp. | 0.39% | 68,915 | $35.1M | Add +14.4% |
| HII Huntington Ingalls Industrie | 0.39% | 124,389 | $34.8M | Reduce -1.1% |
| SMPL The Simply Good Foods Co. | 0.38% | 2,577,795 | $34.2M | Reduce -14.1% |
| NOMD Nomad Foods Ltd. | 0.38% | 3,105,937 | $34.0M | Reduce -18.6% |
| BMRN Biomarin Pharmaceutical Inc. | 0.35% | 542,990 | $31.1M | Reduce -40.8% |
| IRT Independence Realty Trust Inc. | 0.33% | 1,751,510 | $29.2M | Add +62.3% |
| CNNE Cannae Holdings Inc. | 0.31% | 1,915,746 | $27.6M | Reduce -2.3% |
| KR Kroger Co. | 0.30% | 486,666 | $27.0M | Reduce -66.3% |
| LKQ LKQ Corp. | 0.30% | 1,015,715 | $26.7M | Reduce -24.7% |
| AVLV Avantis US Large Cap Value | 0.30% | 293,193 | $26.7M | New |
| RPC Ridgepost Capital Inc. Class A | 0.29% | 3,250,951 | $25.6M | Reduce -4.0% |
| UL Unilever PLC-Sponsored ADR | 0.27% | 408,941 | $24.6M | Reduce -8.3% |
| ENOV Enovis Corp. | 0.27% | 1,180,107 | $24.4M | Reduce -21.5% |
| JBI Janus International Group Inc. | 0.27% | 4,360,798 | $24.2M | Reduce -3.1% |
| WCC Wesco International Inc. | 0.27% | 70,019 | $24.2M | Reduce -12.3% |
| CNH CNH Industrial NV | 0.25% | 2,015,546 | $22.6M | Reduce -3.5% |
| DE Deere & Co. | 0.25% | 35,215 | $22.3M | Reduce -58.1% |
| ALG Alamo Group Inc. | 0.25% | 134,777 | $22.2M | Add +231.1% |
| RPRX Royalty Pharma PLC Class A | 0.24% | 383,839 | $21.5M | Reduce -5.8% |
| DINO HF Sinclair Corp. | 0.24% | 308,951 | $21.5M | Reduce -53.8% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $15.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 181,877 | $8.2M | Add +35.2% |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 64,344 | $7.4M | Reduce -36.6% |
Total filed on the 13F, all lines: $9.0B.
Portfolio Sells Q1 2026 → Q2 2026
| MUSA Murphy USA Inc. | Reduce -73.1% | 0.64% | −1.58 |
| UNF Unifirst Corp. | Reduce -90.5% | 0.14% | −1.29 |
| KR Kroger Co. | Reduce -66.3% | 0.30% | −0.89 |
| DAL Delta Air Lines Inc. | Reduce -93.0% | 0.08% | −0.76 |
| AGO Assured Guaranty Ltd. | Reduce -38.6% | 1.04% | −0.71 |
| UNP Union Pacific Corp. | Reduce -54.7% | 0.67% | −0.67 |
| BJ Bj's Wholesale Club Holdings | Reduce -3.7% | 3.28% | −0.63 |
| WTW Willis Towers Watson PLC | Reduce -23.3% | 1.08% | −0.52 |
| TFX Teleflex Inc. | Reduce -40.5% | 0.77% | −0.48 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.47 |
| VRRM Verra Mobility Corp. | Reduce -64.6% | 0.05% | −0.44 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.40 |
| EMBC Embecta Corp. | Sold out | 0.00% | −0.35 |
| WTM White Mountains Insurance GP | Reduce -3.9% | 2.68% | −0.33 |
| PR Permian Resources Corp. Class A | Reduce -24.1% | 0.56% | −0.31 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.29 |
| DE Deere & Co. | Reduce -58.1% | 0.25% | −0.29 |
| VNT Vontier Corp. | Reduce -1.1% | 1.06% | −0.28 |
| SSNC Ss&c Technologies Holdings | Reduce -68.4% | 0.11% | −0.26 |
| BMRN Biomarin Pharmaceutical Inc. | Reduce -40.8% | 0.35% | −0.24 |
| GXO Gxo Logistics Inc. | Reduce -7.9% | 1.84% | −0.24 |
| DINO HF Sinclair Corp. | Reduce -53.8% | 0.24% | −0.23 |
| DK Delek US Holdings Inc. | Reduce -25.9% | 1.04% | −0.23 |
| CSL Carlisle Cos Inc. | Reduce -33.3% | 0.43% | −0.18 |
| PSMT Pricesmart Inc. | Reduce -34.9% | 0.85% | −0.17 |
| WEX Wex Inc. | Reduce -10.8% | 0.67% | −0.16 |
| HII Huntington Ingalls Industrie | Reduce -1.1% | 0.39% | −0.15 |
| MDU Mdu Resources Group Inc. | Reduce -16.5% | 0.80% | −0.15 |
| LKQ LKQ Corp. | Reduce -24.7% | 0.30% | −0.15 |
| FCNCA First Citizens Bcshs Class A | Reduce -20.7% | 0.92% | −0.15 |
| MMS Maximus Inc. | Reduce -8.0% | 0.46% | −0.15 |
| GEHC GE Healthcare Technology | Reduce -1.7% | 0.94% | −0.14 |
| LSTR Landstar System Inc. | Reduce -70.5% | 0.08% | −0.14 |
| SNN Smith & Nephew PLC -Spon ADR | Reduce -0.6% | 1.03% | −0.14 |
| ACI Albertsons Cos Inc. Class A | Sold out | 0.00% | −0.12 |
| TRIP Tripadvisor Inc. | Reduce -55.3% | 0.15% | −0.12 |
| NWE Northwestern Energy Group Inc. | Reduce -20.8% | 0.64% | −0.12 |
| ENOV Enovis Corp. | Reduce -21.5% | 0.27% | −0.12 |
| VYX NCR Voyix Corp. | Sold out | 0.00% | −0.11 |
| SMPL The Simply Good Foods Co. | Reduce -14.1% | 0.38% | −0.11 |
| RTO Rentokil Initial PLC-SP ADR | Reduce -3.7% | 0.59% | −0.10 |
| KDP Keurig Dr Pepper Inc. | Reduce -27.1% | 0.73% | −0.09 |
| YELP Yelp Inc. | Sold out | 0.00% | −0.09 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.08 |
| WMG Warner Music Group Corp. Class A | Reduce -53.9% | 0.08% | −0.08 |
| MORN Morningstar Inc. | Sold out | 0.00% | −0.08 |
| CRH CRH PLC | Reduce -5.0% | 1.46% | −0.08 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -43.3% | 0.16% | −0.07 |
| IMKTA Ingles Markets Inc. Class A | Reduce -4.2% | 0.90% | −0.07 |
| PRKS United Parks & Resorts Inc. | Reduce -36.4% | 0.70% | −0.07 |
Portfolio Buys Q1 2026 → Q2 2026
| SARO Standardaero Inc. | New | 2.19% | +2.19 |
| META Meta Platforms Inc. Class A | Add +24780.6% | 1.09% | +1.08 |
| AOS Smith (a.o.) Corp. | New | 0.94% | +0.94 |
| CHE Chemed Corp. | Add +231.5% | 1.23% | +0.93 |
| SR Spire Inc. | New | 0.86% | +0.86 |
| AWI Armstrong World Industries | Add +149.1% | 1.24% | +0.72 |
| RYN Rayonier Inc. | New | 0.60% | +0.60 |
| AMRZ Amrize Ltd. | Add +48.5% | 1.98% | +0.55 |
| TRN Trinity Industries Inc. | New | 0.54% | +0.54 |
| LAD Lithia Motors Inc. | Add +4.6% | 2.21% | +0.36 |
| UGI Ugi Corp. | Add +121.0% | 0.66% | +0.34 |
| GPC Genuine Parts Co. | Add +146.2% | 0.52% | +0.33 |
| SFM Sprouts Farmers Market Inc. | Add +41.0% | 0.93% | +0.32 |
| LH Labcorp Holdings Inc. | Add +16.7% | 1.84% | +0.31 |
| AVLV Avantis US Large Cap Value | New | 0.30% | +0.30 |
| CALM Cal-Maine Foods Inc. | Add +20.9% | 1.49% | +0.26 |
| AMZN Amazon.com Inc. | Add +15.1% | 1.00% | +0.23 |
| AXP American Express Co. | Add +6.6% | 1.52% | +0.22 |
| FDXF FedEx Freight Holding Co. | New | 0.21% | +0.21 |
| OTIS Otis Worldwide Corp. | New | 0.20% | +0.20 |
| CACI Caci International Inc. Class A | Add +45.9% | 1.12% | +0.20 |
| ATR Aptargroup Inc. | Add +14.8% | 1.88% | +0.20 |
| ALG Alamo Group Inc. | Add +231.1% | 0.25% | +0.17 |
| IFF Intl Flavors & Fragrances | Add +8.4% | 1.21% | +0.17 |
| DIS The Walt Disney Co. | Add +17.6% | 1.23% | +0.16 |
| IRT Independence Realty Trust Inc. | Add +62.3% | 0.33% | +0.14 |
| MSFT Microsoft Corp. | Add +489.7% | 0.17% | +0.14 |
| CEG Constellation Energy | Add +30.9% | 1.04% | +0.13 |
| HTO H2O America | New | 0.09% | +0.09 |
| CELH Celsius Holdings Inc. | New | 0.08% | +0.08 |
| TEL Te Connectivity PLC | New | 0.06% | +0.06 |
| UNFI United Natural Foods Inc. | Add +50.5% | 0.17% | +0.06 |
| LMB Limbach Holdings Inc. | New | 0.05% | +0.05 |
| QCOM Qualcomm Inc. | Add +76.1% | 0.08% | +0.04 |
| TFII Tfi International Inc. | Add +5.3% | 0.13% | +0.04 |
| BATRK Atlanta Braves Holdings in-C | Add +0.8% | 0.18% | +0.03 |
| CBSH Commerce Bancshares Inc. | Add +0.0% | 0.22% | +0.03 |
| LEN.B Lennar Corp. Class B | Add +24.9% | 0.07% | +0.02 |
| CCL Carnival Corp. Ltd. | Add +0.8% | 0.19% | +0.02 |
| EL Estee Lauder Companies Class A | Add +1.0% | 0.13% | +0.01 |
| DUK Duke Energy Corp. | Add +14.1% | 0.07% | +0.01 |
| UBER Uber Technologies Inc. | New | 0.00% | +0.00 |
| ET Energy Transfer LP | Add +19.9% | 0.03% | +0.00 |
| APG Api Group Corp. | Add +0.8% | 0.10% | +0.00 |
| JOE The St Joe Co. | Add +0.8% | 0.10% | −0.00 |
| NWSA News Corp. Class A | Add +0.8% | 0.12% | −0.00 |
| BRO Brown & Brown Inc. | Add +0.7% | 0.11% | −0.00 |
| COO The Cooper Cos Inc. | Add +0.3% | 1.58% | −0.02 |
| LMT Lockheed Martin Corp. | Add +14.4% | 0.39% | −0.02 |
| MTDR Matador Resources Co. | Add +1.1% | 0.10% | −0.03 |
Notes & Other Activity Q1 2026 → Q2 2026
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | Add +35.2% | 181,877 | $8.2M |
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -36.6% | 64,344 | $7.4M |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 173 | $9.0B | BJ, MGRC, WTM, CXW, BRK.B |
| Q1 2026 | 174 | $8.8B | BJ, WTM, MGRC, BRK.B, MUSA |
| Q4 2025 | 174 | $9.1B | BJ, WTM, LAD, BRK.B, MGRC |
| Q3 2025 | 175 | $8.9B | BJ, MGRC, CACI, BRK.B, MUSA |
| Q2 2025 | 181 | $7.9B | MGRC, BJ, WTM, MUSA, CXW |
| Q1 2025 | 180 | $7.4B | BJ, WTM, MGRC, MUSA, CXW |
| Q4 2024 | 171 | $7.5B | BJ, WTM, MGRC, TLN, CXW |
| Q3 2024 | 172 | $7.6B | TLN, BJ, WTM, MUSA, UNF |
| Q2 2024 | 173 | $7.0B | BJ, WTM, MUSA, LKQ, UNF |
| Q1 2024 | 165 | $7.4B | BJ, LKQ, ATKR, WTM, WEX |