River Road Asset Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), River Road Asset Management, LLC reported 171 stock positions worth $7.5 billion. Its top holding was Bj's Wholesale Club (BJ) at 3.3% of the portfolio, followed by White Mountains Insurance GP (WTM, 2.9%) and McGrath Rentcorp (MGRC, 2.8%). Compared with Q3 2024, it opened 14 new positions, sold out of 15, added to 45 and reduced 108. The biggest buy was McGrath Rentcorp (MGRC, shares +52%) and the biggest sale Talen Energy (TLN, shares −34%).
- Most Recent 13F
- Q2 2026
- Location
- LOUISVILLE, KY
- CIK
- 0001341401
- Portfolio Value
- $7.5B (Q4 2024)
- SEC Filing
- 0001341401-25-000017 ↗ filed Feb 7, 2025
Holdings Value
Holdings 171 stocks · $7.5B
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 3.31% | 2,789,185 | $249.2M | Reduce -3.0% |
| WTM White Mountains Insurance GP | 2.91% | 112,415 | $218.7M | Reduce -4.9% |
| MGRC McGrath Rentcorp | 2.82% | 1,896,943 | $212.1M | Add +52.1% |
| TLN Talen Energy Corp. | 2.74% | 1,022,701 | $206.0M | Reduce -34.4% |
| CXW Corecivic Inc. | 2.42% | 8,369,640 | $182.0M | Reduce -2.8% |
| MUSA Murphy USA Inc. | 2.31% | 346,445 | $173.8M | Reduce -5.7% |
| AXS Axis Capital Holdings Ltd. | 2.09% | 1,771,870 | $157.0M | Reduce -3.0% |
| UNF Unifirst Corp. | 1.95% | 855,285 | $146.3M | Reduce -0.0% |
| LKQ LKQ Corp. | 1.71% | 3,506,394 | $128.9M | Reduce -2.6% |
| WEX Wex Inc. | 1.69% | 725,842 | $127.3M | Add +0.8% |
| NWE Northwestern Energy Group Inc. | 1.69% | 2,371,931 | $126.8M | Add +6.1% |
| GNW Genworth Financial Inc. | 1.60% | 17,217,623 | $120.4M | Reduce -1.0% |
| LAD Lithia Motors Inc. | 1.55% | 326,606 | $116.7M | Reduce -10.6% |
| CNNE Cannae Holdings Inc. | 1.48% | 5,593,612 | $111.1M | Reduce -1.3% |
| TXNM TXNM Energy Inc. | 1.45% | 2,216,657 | $109.0M | Reduce -19.1% |
| SNX TD Synnex Corp. | 1.36% | 869,367 | $102.0M | Add +0.5% |
| AGO Assured Guaranty Ltd. | 1.34% | 1,116,131 | $100.5M | Add +67.4% |
| KR Kroger Co. | 1.33% | 1,639,129 | $100.2M | Reduce -13.4% |
| PRKS United Parks & Resorts Inc. | 1.32% | 1,771,636 | $99.5M | Add +34.1% |
| WTW Willis Towers Watson PLC | 1.31% | 315,319 | $98.8M | Add +9.6% |
| OPLN Openlane Inc. | 1.28% | 4,842,398 | $96.1M | Reduce -4.0% |
| TAP Molson Coors Beverage Co. Class B | 1.28% | 1,673,311 | $95.9M | Reduce -0.2% |
| RTO Rentokil Initial PLC-SP ADR | 1.28% | 3,786,010 | $95.9M | Add +114.2% |
| SUM Summit Materials Inc. Class A | 1.24% | 1,838,148 | $93.0M | Reduce -48.5% |
| VNT Vontier Corp. | 1.21% | 2,502,132 | $91.3M | Add +6.2% |
| ATKR Atkore Inc. | 1.21% | 1,093,418 | $91.2M | Reduce -0.1% |
| PZZA Papa John's Intl Inc. | 1.17% | 2,138,084 | $87.8M | Reduce -6.5% |
| GXO Gxo Logistics Inc. | 1.16% | 2,008,168 | $87.4M | Add +53.5% |
| MTN Vail Resorts Inc. | 1.11% | 444,344 | $83.3M | Add +30.2% |
| SWX Southwest Gas Holdings Inc. | 1.09% | 1,155,249 | $81.7M | Reduce -1.4% |
| LGIH Lgi Homes Inc. | 1.08% | 907,923 | $81.2M | Add +30.6% |
| PRSU Pursuit Attractions and Hosp filed as VIAD CORP | 1.06% | 1,876,018 | $79.7M | Reduce -3.8% |
| CRH CRH PLC | 1.04% | 847,944 | $78.5M | Reduce -22.6% |
| CNH CNH Industrial NV | 1.04% | 6,903,977 | $78.2M | Add +58.2% |
| PR Permian Resources Corp. Class A | 0.95% | 4,981,084 | $71.6M | Reduce -0.4% |
| DK Delek US Holdings Inc. | 0.95% | 3,845,224 | $71.1M | Reduce -6.2% |
| ALIT Alight Inc. Class A | 0.92% | 9,973,052 | $69.0M | Reduce -0.1% |
| SM SM Energy Co. | 0.91% | 1,768,416 | $68.5M | Reduce -1.4% |
| MAA Mid-America Apartment Comm | 0.91% | 441,860 | $68.3M | Add +23.4% |
| NOMD Nomad Foods Ltd. | 0.90% | 4,044,438 | $67.9M | Add +0.6% |
| ATSG Air Transport Services Group | 0.90% | 3,081,823 | $67.7M | Reduce -57.0% |
| LH Labcorp Holdings Inc. | 0.89% | 292,784 | $67.1M | Add +3.1% |
| EMBC Embecta Corp. | 0.89% | 3,247,389 | $67.1M | Reduce -6.6% |
| EVTC Evertec Inc. | 0.88% | 1,910,638 | $66.0M | Reduce -2.9% |
| HII Huntington Ingalls Industrie | 0.87% | 345,109 | $65.2M | New |
| IMKTA Ingles Markets Inc. Class A | 0.84% | 976,424 | $62.9M | Add +0.6% |
| RPC Ridgepost Capital Inc. Class A filed as P10 INC | 0.81% | 4,855,166 | $61.2M | Reduce -37.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.79% | 131,103 | $59.4M | Reduce -19.4% |
| DNB Dun & Bradstreet Holdings Inc. | 0.79% | 4,741,628 | $59.1M | Reduce -1.8% |
| AWI Armstrong World Industries | 0.74% | 392,201 | $55.4M | Reduce -13.3% |
| TRIP Tripadvisor Inc. | 0.73% | 3,715,961 | $54.9M | Add +1.3% |
| ENOV Enovis Corp. | 0.72% | 1,238,357 | $54.3M | Add +3.8% |
| WSC Willscot Holdings Corp. | 0.72% | 1,616,765 | $54.1M | Add +14.7% |
| LEN Lennar Corp. Class A | 0.71% | 391,524 | $53.4M | Add +3.6% |
| RDN Radian Group Inc. | 0.69% | 1,644,386 | $52.2M | Add +0.3% |
| GPN Global Payments Inc. | 0.69% | 460,738 | $51.6M | Reduce -6.2% |
| DOLE Dole PLC | 0.69% | 3,807,920 | $51.6M | Add +36.0% |
| SNN Smith & Nephew PLC -Spon ADR | 0.66% | 2,032,016 | $49.9M | Add +64.0% |
| CNA Cna Financial Corp. | 0.64% | 997,588 | $48.3M | Reduce -1.5% |
| HCC Warrior Met Coal Inc. | 0.64% | 888,388 | $48.2M | Add +2.1% |
| NSP Insperity Inc. | 0.63% | 612,991 | $47.5M | New |
| YELP Yelp Inc. | 0.63% | 1,219,260 | $47.2M | Reduce -2.5% |
| CSX CSX Corp. | 0.62% | 1,452,163 | $46.9M | New |
| GEO The Geo Group Inc. | 0.62% | 1,656,834 | $46.4M | Reduce -41.8% |
| ELV Elevance Health Inc. | 0.57% | 115,557 | $42.6M | Add +9.7% |
| AGX Argan Inc. | 0.57% | 310,247 | $42.5M | Reduce -56.2% |
| KMI Kinder Morgan Inc. | 0.55% | 1,504,042 | $41.2M | Reduce -29.7% |
| PDCO Patterson Cos Inc. | 0.54% | 1,307,207 | $40.3M | Reduce -34.3% |
| JBI Janus International Group Inc. | 0.51% | 5,197,675 | $38.2M | Add +536.5% |
| AER Aercap Holdings NV | 0.50% | 391,506 | $37.5M | Add +896.4% |
| CASY Casey's General Stores Inc. | 0.48% | 91,129 | $36.1M | Reduce -25.5% |
| SSNC Ss&c Technologies Holdings | 0.47% | 466,320 | $35.3M | Add +278.5% |
| VYX NCR Voyix Corp. | 0.47% | 2,552,434 | $35.3M | Reduce -0.4% |
| TRS Trimas Corp. | 0.46% | 1,410,528 | $34.7M | Reduce -3.1% |
| PLUS Eplus Inc. | 0.46% | 465,988 | $34.4M | Reduce -16.9% |
| UL Unilever PLC | 0.45% | 602,653 | $34.2M | Add +10.0% |
| KKR KKR & Co. Inc. | 0.45% | 229,176 | $33.9M | Reduce -32.9% |
| LULU Lululemon Athletica Inc. | 0.44% | 86,125 | $32.9M | Reduce -70.6% |
| UPS United Parcel Service Class B | 0.43% | 257,461 | $32.5M | Add +97.2% |
| CMCSA Comcast Corp. Class A | 0.42% | 847,994 | $31.8M | Reduce -16.4% |
| TGT Target Corp. | 0.42% | 234,492 | $31.7M | Add +144.9% |
| UNH Unitedhealth Group Inc. | 0.42% | 62,224 | $31.5M | Add +49.3% |
| BDX Becton Dickinson and Co. | 0.40% | 132,811 | $30.1M | New |
| BLCO Bausch + Lomb Corp. | 0.36% | 1,506,986 | $27.2M | Reduce -25.4% |
| DINO HF Sinclair Corp. | 0.36% | 775,282 | $27.2M | Add +0.7% |
| GPC Genuine Parts Co. | 0.36% | 230,193 | $26.9M | Add +26.3% |
| ORCL Oracle Corp. | 0.36% | 160,505 | $26.7M | Reduce -20.4% |
| PGNY Progyny Inc. | 0.34% | 1,479,944 | $25.5M | New |
| WMB Williams Cos Inc. | 0.33% | 462,587 | $25.0M | Reduce -23.1% |
| HHH Howard Hughes Holdings Inc. | 0.32% | 312,566 | $24.0M | Add +235.9% |
| SU Suncor Energy Inc. | 0.32% | 666,124 | $23.8M | Reduce -10.4% |
| PII Polaris Inc. | 0.31% | 410,768 | $23.7M | Reduce -1.4% |
| PGR Progressive Corp. | 0.30% | 94,397 | $22.6M | Reduce -14.5% |
| WCC Wesco International Inc. | 0.30% | 124,155 | $22.5M | Reduce -57.4% |
| PNC PNC Financial Services Group | 0.28% | 108,629 | $20.9M | Reduce -15.6% |
| CCOI Cogent Communications Holdin | 0.27% | 260,518 | $20.1M | Reduce -8.5% |
| PSMT Pricesmart Inc. | 0.25% | 206,987 | $19.1M | New |
| RPAY Repay Holdings Corp. | 0.25% | 2,490,949 | $19.0M | Add +31.7% |
| VAL Valaris Ltd. | 0.24% | 409,196 | $18.1M | Add +178.9% |
| PKE Park Aerospace Corp. | 0.24% | 1,218,750 | $17.9M | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $4.5M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 72,260 | $4.5M | New |
Total filed on the 13F, all lines: $7.5B.
Portfolio Sells Q3 2024 → Q4 2024
| TLN Talen Energy Corp. | Reduce -34.4% | 2.74% | −0.89 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.82 |
| ATSG Air Transport Services Group | Reduce -57.0% | 0.90% | −0.62 |
| LULU Lululemon Athletica Inc. | Reduce -70.6% | 0.44% | −0.60 |
| SUM Summit Materials Inc. Class A | Reduce -48.5% | 1.24% | −0.58 |
| VST Vistra Corp. | Reduce -94.0% | 0.04% | −0.51 |
| PZZA Papa John's Intl Inc. | Reduce -6.5% | 1.17% | −0.44 |
| CLVT Clarivate PLC | Reduce -87.7% | 0.04% | −0.41 |
| AGX Argan Inc. | Reduce -56.2% | 0.57% | −0.37 |
| WCC Wesco International Inc. | Reduce -57.4% | 0.30% | −0.34 |
| ACIW Aci Worldwide Inc. | Reduce -61.5% | 0.22% | −0.33 |
| CRH CRH PLC | Reduce -22.6% | 1.04% | −0.29 |
| RPC Ridgepost Capital Inc. Class A | Reduce -37.8% | 0.81% | −0.28 |
| UNF Unifirst Corp. | Reduce -0.0% | 1.95% | −0.28 |
| PLUS Eplus Inc. | Reduce -16.9% | 0.46% | −0.26 |
| NAPA The Duckhorn Portfolio Inc. | Sold out | 0.00% | −0.25 |
| EXPE Expedia Group Inc. | Reduce -77.1% | 0.10% | −0.25 |
| GOOG Alphabet Inc. Class C | Reduce -57.6% | 0.22% | −0.23 |
| GEHC GE Healthcare Technology | Reduce -61.6% | 0.10% | −0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -19.4% | 0.79% | −0.19 |
| MGM MGM Resorts International | Reduce -69.8% | 0.07% | −0.18 |
| MDU Mdu Resources Group Inc. | Sold out | 0.00% | −0.17 |
| SBUX Starbucks Corp. | Reduce -42.1% | 0.21% | −0.17 |
| CSL Carlisle Cos Inc. | Reduce -48.4% | 0.13% | −0.17 |
| LKQ LKQ Corp. | Reduce -2.6% | 1.71% | −0.17 |
| AAP Advance Auto Parts Inc. | Reduce -57.0% | 0.18% | −0.16 |
| BLCO Bausch + Lomb Corp. | Reduce -25.4% | 0.36% | −0.15 |
| PII Polaris Inc. | Reduce -1.4% | 0.31% | −0.14 |
| KKR KKR & Co. Inc. | Reduce -32.9% | 0.45% | −0.13 |
| CMCSA Comcast Corp. Class A | Reduce -16.4% | 0.42% | −0.13 |
| PRMW Primo Water Corp. | Sold out | 0.00% | −0.12 |
| CASY Casey's General Stores Inc. | Reduce -25.5% | 0.48% | −0.12 |
| AES AES Corp. | Reduce -16.3% | 0.14% | −0.12 |
| WKC World Kinect Corp. | Sold out | 0.00% | −0.12 |
| TXNM TXNM Energy Inc. | Reduce -19.1% | 1.45% | −0.12 |
| GLW Corning Inc. | Reduce -37.3% | 0.21% | −0.10 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.10 |
| NMIH Nmi Holdings Inc. | Sold out | 0.00% | −0.09 |
| ORCL Oracle Corp. | Reduce -20.4% | 0.36% | −0.09 |
| AMT American Tower Corp. | Reduce -15.3% | 0.19% | −0.09 |
| KR Kroger Co. | Reduce -13.4% | 1.33% | −0.09 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.08 |
| NVST Envista Holdings Corp. | Sold out | 0.00% | −0.07 |
| KMI Kinder Morgan Inc. | Reduce -29.7% | 0.55% | −0.07 |
| MSGS Madison Square Garden Sports | Sold out | 0.00% | −0.07 |
| RGLD Royal Gold Inc. | Sold out | 0.00% | −0.07 |
| PGR Progressive Corp. | Reduce -14.5% | 0.30% | −0.07 |
| AMGN Amgen Inc. | Reduce -15.7% | 0.14% | −0.06 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.06 |
| DK Delek US Holdings Inc. | Reduce -6.2% | 0.95% | −0.06 |
Portfolio Buys Q3 2024 → Q4 2024
| MGRC McGrath Rentcorp | Add +52.1% | 2.82% | +1.10 |
| HII Huntington Ingalls Industrie | New | 0.87% | +0.87 |
| RTO Rentokil Initial PLC-SP ADR | Add +114.2% | 1.28% | +0.70 |
| AGO Assured Guaranty Ltd. | Add +67.4% | 1.34% | +0.64 |
| NSP Insperity Inc. | New | 0.63% | +0.63 |
| CSX CSX Corp. | New | 0.62% | +0.62 |
| PRKS United Parks & Resorts Inc. | Add +34.1% | 1.32% | +0.45 |
| AER Aercap Holdings NV | Add +896.4% | 0.50% | +0.45 |
| CNH CNH Industrial NV | Add +58.2% | 1.04% | +0.41 |
| BDX Becton Dickinson and Co. | New | 0.40% | +0.40 |
| JBI Janus International Group Inc. | Add +536.5% | 0.51% | +0.40 |
| SSNC Ss&c Technologies Holdings | Add +278.5% | 0.47% | +0.35 |
| PGNY Progyny Inc. | New | 0.34% | +0.34 |
| MTN Vail Resorts Inc. | Add +30.2% | 1.11% | +0.33 |
| GXO Gxo Logistics Inc. | Add +53.5% | 1.16% | +0.27 |
| PSMT Pricesmart Inc. | New | 0.25% | +0.25 |
| HUBG Hub Group Inc. Class A | New | 0.23% | +0.23 |
| TGT Target Corp. | Add +144.9% | 0.42% | +0.23 |
| HHH Howard Hughes Holdings Inc. | Add +235.9% | 0.32% | +0.23 |
| WTW Willis Towers Watson PLC | Add +9.6% | 1.31% | +0.21 |
| UPS United Parcel Service Class B | Add +97.2% | 0.43% | +0.20 |
| VNT Vontier Corp. | Add +6.2% | 1.21% | +0.17 |
| MAA Mid-America Apartment Comm | Add +23.4% | 0.91% | +0.16 |
| SNN Smith & Nephew PLC -Spon ADR | Add +64.0% | 0.66% | +0.16 |
| VAL Valaris Ltd. | Add +178.9% | 0.24% | +0.13 |
| EXE Expand Energy Corp. | New | 0.12% | +0.12 |
| CACI Caci International Inc. Class A | New | 0.11% | +0.11 |
| INMD Inmode Ltd. | New | 0.11% | +0.11 |
| BXC Bluelinx Holdings Inc. | New | 0.10% | +0.10 |
| UNH Unitedhealth Group Inc. | Add +49.3% | 0.42% | +0.10 |
| DOLE Dole PLC | Add +36.0% | 0.69% | +0.09 |
| LH Labcorp Holdings Inc. | Add +3.1% | 0.89% | +0.06 |
| NTAP Netapp Inc. | New | 0.06% | +0.06 |
| ENOV Enovis Corp. | Add +3.8% | 0.72% | +0.05 |
| RPAY Repay Holdings Corp. | Add +31.7% | 0.25% | +0.05 |
| HUM Humana Inc. | New | 0.05% | +0.05 |
| NKE Nike Inc. Class B | New | 0.04% | +0.04 |
| RHI Robert Half Inc. | Add +51.0% | 0.11% | +0.04 |
| EXPD Expeditors Intl Wash Inc. | Add +60.1% | 0.13% | +0.04 |
| TRIP Tripadvisor Inc. | Add +1.3% | 0.73% | +0.03 |
| CRM Salesforce Inc. | Add +4.7% | 0.14% | +0.03 |
| WSC Willscot Holdings Corp. | Add +14.7% | 0.72% | +0.03 |
| APG Api Group Corp. | Add +12.3% | 0.13% | +0.03 |
| GPC Genuine Parts Co. | Add +26.3% | 0.36% | +0.02 |
| CSGS CSG Systems Intl Inc. | Add +18.7% | 0.07% | +0.02 |
| NWE Northwestern Energy Group Inc. | Add +6.1% | 1.69% | +0.01 |
| EOG EOG Resources Inc. | Add +2.8% | 0.12% | +0.00 |
| LGIH Lgi Homes Inc. | Add +30.6% | 1.08% | +0.00 |
| AVT Avnet Inc. | Add +3.0% | 0.12% | +0.00 |
| SNX TD Synnex Corp. | Add +0.5% | 1.36% | −0.00 |
Notes & Other Activity Q3 2024 → Q4 2024
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | New | 72,260 | $4.5M |
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 |