River Road Asset Management, LLC

Name: River Road Asset Management, LLC 13F holdings, Q1 2025
Creator: River Road Asset Management, LLC
Published: 2025-05-13

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), River Road Asset Management, LLC reported 180 stock positions worth $7.4 billion. Its top holding was Bj's Wholesale Club (BJ) at 3.8% of the portfolio, followed by White Mountains Insurance GP (WTM, 2.9%) and McGrath Rentcorp (MGRC, 2.9%). Compared with Q4 2024, it opened 20 new positions, sold out of 11, added to 59 and reduced 101. The biggest buy was Caci International Class A (CACI, shares +1255%) and the biggest sale Talen Energy (TLN, shares −56%).

Most Recent 13F: Q2 2026
Location: LOUISVILLE, KY
CIK: 0001341401
Portfolio Value: $7.4B (Q1 2025)
SEC Filing: 0001341401-25-000027 ↗ filed May 13, 2025

Holdings Value

Holdings 180 stocks · $7.4B


BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC	3.81%	2,456,667	$280.3M	Reduce -11.9%
WTM White Mountains Insurance GP	2.87%	109,665	$211.2M	Reduce -2.5%
MGRC McGrath Rentcorp	2.87%	1,894,709	$211.1M	Reduce -0.1%
MUSA Murphy USA Inc.	2.53%	396,382	$186.2M	Add +14.4%
CXW Corecivic Inc.	2.41%	8,726,818	$177.1M	Add +4.3%
AXS Axis Capital Holdings Ltd.	2.30%	1,684,582	$168.9M	Reduce -4.9%
LKQ LKQ Corp.	1.98%	3,417,284	$145.4M	Reduce -2.5%
NWE Northwestern Energy Group Inc.	1.87%	2,376,005	$137.5M	Add +0.2%
UNF Unifirst Corp.	1.87%	789,426	$137.4M	Reduce -7.7%
GNW Genworth Financial Inc.	1.65%	17,084,167	$121.1M	Reduce -0.8%
GXO Gxo Logistics Inc.	1.50%	2,814,485	$110.0M	Add +40.1%
CACI Caci International Inc. Class A	1.44%	287,802	$105.6M	Add +1254.6%
WEX Wex Inc.	1.41%	660,198	$103.7M	Reduce -9.0%
TAP Molson Coors Beverage Co. Class B	1.37%	1,658,850	$101.0M	Reduce -0.9%
AGO Assured Guaranty Ltd.	1.36%	1,131,771	$99.7M	Add +1.4%
LAD Lithia Motors Inc.	1.30%	326,395	$95.8M	Reduce -0.1%
WTW Willis Towers Watson PLC	1.28%	277,414	$93.8M	Reduce -12.0%
RTO Rentokil Initial PLC-SP ADR	1.26%	4,035,348	$92.4M	Add +6.6%
TLN Talen Energy Corp.	1.23%	451,107	$90.1M	Reduce -55.9%
HAE Haemonetics Corp.	1.21%	1,395,052	$88.7M	New
CNNE Cannae Holdings Inc.	1.17%	4,678,876	$85.8M	Reduce -16.4%
PLUS Eplus Inc.	1.15%	1,386,853	$84.6M	Add +197.6%
PRKS United Parks & Resorts Inc.	1.12%	1,815,952	$82.6M	Add +2.5%
SNN Smith & Nephew PLC -Spon ADR	1.12%	2,909,334	$82.5M	Add +43.2%
VNT Vontier Corp.	1.12%	2,502,104	$82.2M	Reduce 0.0%
SWX Southwest Gas Holdings Inc.	1.11%	1,133,782	$81.4M	Reduce -1.9%
OPLN Openlane Inc.	1.08%	4,131,108	$79.6M	Reduce -14.7%
TXNM TXNM Energy Inc.	1.07%	1,467,586	$78.5M	Reduce -33.8%
CNH CNH Industrial NV	1.06%	6,363,598	$78.1M	Reduce -7.8%
NOMD Nomad Foods Ltd.	1.05%	3,910,211	$76.8M	Reduce -3.3%
PZZA Papa John's Intl Inc.	1.03%	1,835,071	$75.4M	Reduce -14.2%
CRH CRH PLC	0.99%	828,045	$72.8M	Reduce -2.4%
KR Kroger Co.	0.98%	1,066,317	$72.2M	Reduce -35.0%
SNX TD Synnex Corp.	0.96%	681,230	$70.8M	Reduce -21.6%
NSP Insperity Inc.	0.96%	787,250	$70.2M	Add +28.4%
MAA Mid-America Apartment Comm	0.95%	418,175	$70.1M	Reduce -5.4%
PSMT Pricesmart Inc.	0.94%	784,972	$69.0M	Add +279.2%
EVTC Evertec Inc.	0.94%	1,874,607	$68.9M	Reduce -1.9%
PR Permian Resources Corp. Class A	0.93%	4,942,067	$68.4M	Reduce -0.8%
PRSU Pursuit Attractions and Hosp	0.91%	1,887,193	$66.8M	Add +0.6%
HII Huntington Ingalls Industrie	0.90%	323,541	$66.0M	Reduce -6.3%
LH Labcorp Holdings Inc.	0.88%	278,387	$64.8M	Reduce -4.9%
IMKTA Ingles Markets Inc. Class A	0.86%	975,819	$63.6M	Reduce -0.1%
LGIH Lgi Homes Inc.	0.85%	939,410	$62.4M	Add +3.5%
BRK.B Berkshire Hathaway Inc. Class B	0.83%	114,700	$61.1M	Reduce -12.5%
GMS GMS Inc.	0.83%	832,721	$60.9M	New
WCC Wesco International Inc.	0.82%	388,501	$60.3M	Add +212.9%
ALIT Alight Inc. Class A	0.81%	10,047,680	$59.6M	Add +0.8%
CSX CSX Corp.	0.80%	1,991,628	$58.6M	Add +37.1%
DK Delek US Holdings Inc.	0.79%	3,853,188	$58.1M	Add +0.2%
BDX Becton Dickinson and Co.	0.79%	251,954	$57.7M	Add +89.7%
DOLE Dole PLC	0.78%	3,962,604	$57.3M	Add +4.1%
MTN Vail Resorts Inc.	0.77%	353,369	$56.5M	Reduce -20.5%
CASY Casey's General Stores Inc.	0.76%	128,921	$56.0M	Add +41.5%
RPC Ridgepost Capital Inc. Class A filed as P10 INC	0.76%	4,725,477	$55.5M	Reduce -2.7%
RDN Radian Group Inc.	0.74%	1,655,765	$54.8M	Add +0.7%
AWI Armstrong World Industries	0.74%	388,244	$54.7M	Reduce -1.0%
ELV Elevance Health Inc.	0.74%	124,900	$54.3M	Add +8.1%
ENOV Enovis Corp.	0.72%	1,391,887	$53.2M	Add +12.4%
SM SM Energy Co.	0.72%	1,758,090	$52.7M	Reduce -0.6%
TRIP Tripadvisor Inc.	0.72%	3,713,222	$52.6M	Reduce -0.1%
HHH Howard Hughes Holdings Inc.	0.71%	705,435	$52.3M	Add +125.7%
CNA Cna Financial Corp.	0.68%	980,535	$49.8M	Reduce -1.7%
ATKR Atkore Inc.	0.64%	784,321	$47.1M	Reduce -28.3%
GPN Global Payments Inc.	0.63%	475,302	$46.5M	Add +3.2%
WSC Willscot Holdings Corp.	0.62%	1,636,424	$45.5M	Add +1.2%
GEHC GE Healthcare Technology	0.61%	558,914	$45.1M	Add +473.5%
YELP Yelp Inc.	0.60%	1,198,829	$44.4M	Reduce -1.7%
HCC Warrior Met Coal Inc.	0.59%	906,557	$43.3M	Add +2.0%
AER Aercap Holdings NV	0.58%	419,379	$42.8M	Add +7.1%
EMBC Embecta Corp.	0.56%	3,227,891	$41.2M	Reduce -0.6%
AGX Argan Inc.	0.55%	306,785	$40.2M	Reduce -1.1%
CSL Carlisle Cos Inc.	0.54%	116,840	$39.8M	Add +356.1%
JBI Janus International Group Inc.	0.51%	5,238,338	$37.7M	Add +0.8%
GEO The Geo Group Inc.	0.51%	1,272,469	$37.2M	Reduce -23.2%
KMI Kinder Morgan Inc.	0.49%	1,269,087	$36.2M	Reduce -15.6%
SSNC Ss&c Technologies Holdings	0.48%	426,188	$35.6M	Reduce -8.6%
UL Unilever PLC	0.48%	592,165	$35.3M	Reduce -1.7%
TRS Trimas Corp.	0.44%	1,392,394	$32.6M	Reduce -1.3%
KKR KKR & Co. Inc.	0.44%	279,789	$32.3M	Add +22.1%
UNH Unitedhealth Group Inc.	0.42%	58,770	$30.8M	Reduce -5.5%
QSR Restaurant Brands Intern	0.41%	453,236	$30.2M	New
ICUI Icu Medical Inc.	0.40%	212,229	$29.5M	New
LEN Lennar Corp. Class A	0.37%	238,243	$27.3M	Reduce -39.1%
LULU Lululemon Athletica Inc.	0.35%	91,565	$25.9M	Add +6.3%
TGT Target Corp.	0.35%	246,919	$25.8M	Add +5.3%
DINO HF Sinclair Corp.	0.35%	781,794	$25.7M	Add +0.8%
VYX NCR Voyix Corp.	0.34%	2,557,586	$24.9M	Add +0.2%
SU Suncor Energy Inc.	0.34%	642,500	$24.9M	Reduce -3.5%
WMB Williams Cos Inc.	0.33%	402,544	$24.1M	Reduce -13.0%
BLCO Bausch + Lomb Corp.	0.31%	1,592,037	$23.1M	Add +5.6%
ORCL Oracle Corp.	0.31%	165,087	$23.1M	Add +2.9%
HUBG Hub Group Inc. Class A	0.31%	615,699	$22.9M	Add +57.1%
ABG Asbury Automotive Group	0.27%	90,056	$19.9M	Add +80.2%
ITB iShares U.S. Home Constructi	0.25%	190,071	$18.1M	New
PGR Progressive Corp.	0.24%	61,920	$17.5M	Reduce -34.4%
PNC PNC Financial Services Group	0.24%	99,437	$17.5M	Reduce -8.5%
PGNY Progyny Inc.	0.23%	765,373	$17.1M	Reduce -48.3%
CB Chubb Ltd.	0.23%	56,425	$17.0M	Add +10.1%
AMT American Tower Corp.	0.23%	77,327	$16.8M	Reduce -2.0%
PKE Park Aerospace Corp.	0.22%	1,216,456	$16.4M	Reduce -0.2%
CMCSA Comcast Corp. Class A	0.21%	424,751	$15.7M	Reduce -49.9%
BXC Bluelinx Holdings Inc.	0.21%	208,163	$15.6M	Add +182.0%
ITRN Ituran Location and Control	0.20%	414,095	$15.0M	Reduce -15.5%
CCOI Cogent Communications Holdin	0.20%	240,652	$14.8M	Reduce -7.6%
RPRX Royalty Pharma PLC Class A	0.19%	457,185	$14.2M	Add +14.5%
RPAY Repay Holdings Corp.	0.19%	2,492,210	$13.9M	Add +0.1%
OVV Ovintiv Inc.	0.18%	303,388	$13.0M	Reduce -3.4%
MU Micron Technology Inc.	0.17%	144,642	$12.6M	Reduce -8.1%
USB US Bancorp	0.17%	293,482	$12.4M	Reduce -8.6%
GPC Genuine Parts Co.	0.17%	103,084	$12.3M	Reduce -55.2%
IDA Idacorp Inc.	0.17%	105,534	$12.3M	Reduce -26.3%
PAYC Paycom Software Inc.	0.16%	55,268	$12.1M	Add +3.5%
KMB Kimberly-Clark Corp.	0.16%	84,363	$12.0M	Reduce -8.6%
OIH Vaneck Oil Services ETF	0.16%	45,500	$11.9M	New
ACIW Aci Worldwide Inc.	0.16%	215,231	$11.8M	Reduce -32.4%
WMG Warner Music Group Corp. Class A	0.16%	373,934	$11.7M	Add +127.5%
AMGN Amgen Inc.	0.16%	37,287	$11.6M	Reduce -8.7%
GOOG Alphabet Inc. Class C	0.16%	73,096	$11.4M	Reduce -15.9%
UPS United Parcel Service Class B	0.15%	101,093	$11.1M	Reduce -60.7%
DUK Duke Energy Corp.	0.15%	89,630	$10.9M	Reduce -4.9%
EXPD Expeditors Intl Wash Inc.	0.14%	87,719	$10.5M	Reduce -1.2%
APG Api Group Corp.	0.14%	293,893	$10.5M	Add +7.3%
BMY Bristol-Myers Squibb Co.	0.14%	167,941	$10.2M	Reduce -8.0%
AES AES Corp.	0.13%	793,314	$9.9M	Reduce -6.2%
EXE Expand Energy Corp.	0.13%	87,357	$9.7M	Reduce -5.2%
MSM MSC Industrial Direct Co. Class A	0.13%	124,444	$9.7M	Reduce -0.2%
DNB Dun & Bradstreet Holdings Inc.	0.13%	1,042,620	$9.3M	Reduce -78.0%
INMD Inmode Ltd.	0.12%	513,306	$9.1M	Add +0.0%
ABBV Abbvie Inc.	0.12%	42,681	$8.9M	Reduce -8.0%
AAP Advance Auto Parts Inc.	0.12%	227,039	$8.9M	Reduce -21.1%
CRM Salesforce Inc.	0.12%	32,069	$8.6M	Add +5.2%
EOG EOG Resources Inc.	0.11%	65,879	$8.4M	Reduce -7.8%
DNOW Dnow Inc.	0.11%	492,500	$8.4M	Reduce -12.0%
PEP Pepsico Inc.	0.11%	55,639	$8.3M	Add +10.1%
TNC Tennant Co.	0.11%	103,946	$8.3M	New
AVT Avnet Inc.	0.10%	158,724	$7.6M	Reduce -7.7%
EXPE Expedia Group Inc.	0.10%	45,133	$7.6M	Add +9.5%
GLW Corning Inc.	0.10%	163,031	$7.5M	Reduce -50.8%
SBUX Starbucks Corp.	0.10%	75,541	$7.4M	Reduce -55.3%
EPM Evolution Petroleum Corp.	0.09%	1,319,742	$6.8M	Reduce -0.3%
CSCO Cisco Systems Inc.	0.09%	110,696	$6.8M	Reduce -8.8%
JNJ Johnson & Johnson	0.09%	38,759	$6.4M	Reduce -1.4%
VOYA Voya Financial Inc.	0.09%	94,590	$6.4M	New
RHI Robert Half Inc.	0.09%	116,959	$6.4M	Reduce -1.2%
PFE Pfizer Inc.	0.09%	250,546	$6.3M	Reduce -1.4%
CNC Centene Corp.	0.08%	100,953	$6.1M	Reduce -1.2%
FNF Fidelity National Financial	0.08%	92,940	$6.0M	Reduce -8.0%
CSGS CSG Systems Intl Inc.	0.08%	96,268	$5.8M	Reduce -8.1%
ACN Accenture PLC Class A	0.08%	18,510	$5.8M	New
ARE Alexandria Real Estate Equit	0.08%	61,246	$5.7M	Add +13.0%
ACI Albertsons Cos Inc. Class A	0.08%	257,159	$5.7M	Reduce -1.2%
VMI Valmont Industries	0.08%	19,364	$5.5M	Add +82.3%
TXN Texas Instruments Inc.	0.07%	29,750	$5.3M	Reduce -7.7%
VAL Valaris Ltd.	0.07%	133,243	$5.2M	Reduce -67.4%
EPD Enterprise Products Partners	0.07%	143,976	$4.9M	Reduce -2.0%
FERG Ferguson Enterprises Inc.	0.07%	30,299	$4.9M	Add +52.9%
KELYA Kelly Services Inc. Class A	0.07%	365,760	$4.8M	Reduce -0.1%
JOE The St Joe Co.	0.06%	100,465	$4.7M	Reduce -1.2%
BATRK Atlanta Braves Holdings in-C	0.06%	117,708	$4.7M	Add +59.9%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC	0.06%	70,353	$4.6M	New
PSX Phillips 66	0.06%	36,647	$4.5M	New
NTAP Netapp Inc.	0.06%	48,325	$4.2M	Add +23.0%
CCL Carnival Corp.	0.06%	211,794	$4.1M	New
DAL Delta Air Lines Inc.	0.06%	92,891	$4.1M	Add +9.6%
HUM Humana Inc.	0.05%	13,495	$3.6M	Reduce -1.2%
NKE Nike Inc. Class B	0.05%	55,017	$3.5M	Add +31.8%
STZ Constellation Brands Inc. Class A	0.05%	18,623	$3.4M	New
TH Target Hospitality Corp.	0.04%	497,085	$3.3M	New
CCI Crown Castle Inc.	0.04%	28,772	$3.0M	Reduce -42.8%
FSK FS KKR Capital Corp.	0.04%	138,662	$2.9M	Reduce -44.3%
IPG Interpublic Group of Cos Inc.	0.04%	104,069	$2.8M	Reduce -36.6%
WSO Watsco Inc.	0.04%	5,361	$2.7M	Reduce -7.7%
TDW Tidewater Inc.	0.03%	54,731	$2.3M	Reduce -1.2%
DE Deere & Co.	0.02%	2,506	$1.2M	New
CNI Canadian Natl Railway Co.	0.01%	10,269	$1.0M	New
APO Apollo Global Management Inc.	0.01%	3,405	$466K	New
NVR NVR Inc.	0.01%	56	$406K	New
CPAY Corpay Inc.	0.01%	1,054	$368K	New
ARES Ares Management Corp. Class A	0.00%	2,352	$345K	New

Other holdings (1): bonds, preferreds, convertibles and warrants · $4.4M (not counted above)

Security	Class	Shares / Principal	Value	Change
HP ENTERPRISE CO (HPE 7.625 09/01/27)	7.625 MAND CONV	92,182	$4.4M	Add +27.6%

Total filed on the 13F, all lines: $7.4B.

Portfolio Sells Q4 2024 → Q1 2025


TLN Talen Energy Corp.	Reduce -55.9%	1.23%	−1.52
SUM Summit Materials Inc. Class A	Sold out	0.00%	−1.24
ATSG Air Transport Services Group	Sold out	0.00%	−0.90
DNB Dun & Bradstreet Holdings Inc.	Reduce -78.0%	0.13%	−0.66
ATKR Atkore Inc.	Reduce -28.3%	0.64%	−0.57
PDCO Patterson Cos Inc.	Sold out	0.00%	−0.54
SNX TD Synnex Corp.	Reduce -21.6%	0.96%	−0.39
TXNM TXNM Energy Inc.	Reduce -33.8%	1.07%	−0.38
KR Kroger Co.	Reduce -35.0%	0.98%	−0.35
MTN Vail Resorts Inc.	Reduce -20.5%	0.77%	−0.34
LEN Lennar Corp. Class A	Reduce -39.1%	0.37%	−0.34
EMBC Embecta Corp.	Reduce -0.6%	0.56%	−0.33
PII Polaris Inc.	Sold out	0.00%	−0.31
CNNE Cannae Holdings Inc.	Reduce -16.4%	1.17%	−0.31
WEX Wex Inc.	Reduce -9.0%	1.41%	−0.28
UPS United Parcel Service Class B	Reduce -60.7%	0.15%	−0.28
LAD Lithia Motors Inc.	Reduce -0.1%	1.30%	−0.25
CMCSA Comcast Corp. Class A	Reduce -49.9%	0.21%	−0.21
SM SM Energy Co.	Reduce -0.6%	0.72%	−0.20
OPLN Openlane Inc.	Reduce -14.7%	1.08%	−0.19
GPC Genuine Parts Co.	Reduce -55.2%	0.17%	−0.19
VAL Valaris Ltd.	Reduce -67.4%	0.07%	−0.17
PZZA Papa John's Intl Inc.	Reduce -14.2%	1.03%	−0.14
GEO The Geo Group Inc.	Reduce -23.2%	0.51%	−0.11
GLW Corning Inc.	Reduce -50.8%	0.10%	−0.11
PGNY Progyny Inc.	Reduce -48.3%	0.23%	−0.11
BRC Brady Corporation Class A	Sold out	0.00%	−0.11
SBUX Starbucks Corp.	Reduce -55.3%	0.10%	−0.10
VNT Vontier Corp.	Reduce 0.0%	1.12%	−0.10
SYY Sysco Corp.	Sold out	0.00%	−0.09
UNF Unifirst Corp.	Reduce -7.7%	1.87%	−0.08
BAM Brookfield Asset Mgmt-A	Sold out	0.00%	−0.08
MGM MGM Resorts International	Sold out	0.00%	−0.07
CCOI Cogent Communications Holdin	Reduce -7.6%	0.20%	−0.07
GOOG Alphabet Inc. Class C	Reduce -15.9%	0.16%	−0.06
PGR Progressive Corp.	Reduce -34.4%	0.24%	−0.06
AAP Advance Auto Parts Inc.	Reduce -21.1%	0.12%	−0.06
ACIW Aci Worldwide Inc.	Reduce -32.4%	0.16%	−0.06
RPC Ridgepost Capital Inc. Class A	Reduce -2.7%	0.76%	−0.06
KMI Kinder Morgan Inc.	Reduce -15.6%	0.49%	−0.06
CRH CRH PLC	Reduce -2.4%	0.99%	−0.05
IDA Idacorp Inc.	Reduce -26.3%	0.17%	−0.04
PNC PNC Financial Services Group	Reduce -8.5%	0.24%	−0.04
CLVT Clarivate PLC	Sold out	0.00%	−0.04
VST Vistra Corp.	Sold out	0.00%	−0.04
WTW Willis Towers Watson PLC	Reduce -12.0%	1.28%	−0.04
USB US Bancorp	Reduce -8.6%	0.17%	−0.04
WTM White Mountains Insurance GP	Reduce -2.5%	2.87%	−0.04
FSK FS KKR Capital Corp.	Reduce -44.3%	0.04%	−0.03
RHI Robert Half Inc.	Reduce -1.2%	0.09%	−0.02

Portfolio Buys Q4 2024 → Q1 2025


CACI Caci International Inc. Class A	Add +1254.6%	1.44%	+1.32
HAE Haemonetics Corp.	New	1.21%	+1.21
GMS GMS Inc.	New	0.83%	+0.83
PLUS Eplus Inc.	Add +197.6%	1.15%	+0.69
PSMT Pricesmart Inc.	Add +279.2%	0.94%	+0.68
WCC Wesco International Inc.	Add +212.9%	0.82%	+0.52
GEHC GE Healthcare Technology	Add +473.5%	0.61%	+0.51
SNN Smith & Nephew PLC -Spon ADR	Add +43.2%	1.12%	+0.46
CSL Carlisle Cos Inc.	Add +356.1%	0.54%	+0.42
QSR Restaurant Brands Intern	New	0.41%	+0.41
ICUI Icu Medical Inc.	New	0.40%	+0.40
HHH Howard Hughes Holdings Inc.	Add +125.7%	0.71%	+0.39
BDX Becton Dickinson and Co.	Add +89.7%	0.79%	+0.38
GXO Gxo Logistics Inc.	Add +40.1%	1.50%	+0.33
NSP Insperity Inc.	Add +28.4%	0.96%	+0.32
CASY Casey's General Stores Inc.	Add +41.5%	0.76%	+0.28
ITB iShares U.S. Home Constructi	New	0.25%	+0.25
MUSA Murphy USA Inc.	Add +14.4%	2.53%	+0.22
NWE Northwestern Energy Group Inc.	Add +0.2%	1.87%	+0.18
CSX CSX Corp.	Add +37.1%	0.80%	+0.17
ELV Elevance Health Inc.	Add +8.1%	0.74%	+0.17
OIH Vaneck Oil Services ETF	New	0.16%	+0.16
TNC Tennant Co.	New	0.11%	+0.11
BXC Bluelinx Holdings Inc.	Add +182.0%	0.21%	+0.11
ABG Asbury Automotive Group	Add +80.2%	0.27%	+0.11
DOLE Dole PLC	Add +4.1%	0.78%	+0.09
WMG Warner Music Group Corp. Class A	Add +127.5%	0.16%	+0.09
VOYA Voya Financial Inc.	New	0.09%	+0.09
AER Aercap Holdings NV	Add +7.1%	0.58%	+0.08
HUBG Hub Group Inc. Class A	Add +57.1%	0.31%	+0.08
ACN Accenture PLC Class A	New	0.08%	+0.08
EL Estee Lauder Companies Class A	New	0.06%	+0.06
PSX Phillips 66	New	0.06%	+0.06
RPRX Royalty Pharma PLC Class A	Add +14.5%	0.19%	+0.06
CCL Carnival Corp.	New	0.06%	+0.06
RDN Radian Group Inc.	Add +0.7%	0.74%	+0.05
STZ Constellation Brands Inc. Class A	New	0.05%	+0.05
TH Target Hospitality Corp.	New	0.04%	+0.04
CB Chubb Ltd.	Add +10.1%	0.23%	+0.04
VMI Valmont Industries	Add +82.3%	0.08%	+0.03
BATRK Atlanta Braves Holdings in-C	Add +59.9%	0.06%	+0.03
FERG Ferguson Enterprises Inc.	Add +52.9%	0.07%	+0.02
AGO Assured Guaranty Ltd.	Add +1.4%	1.36%	+0.02
PAYC Paycom Software Inc.	Add +3.5%	0.16%	+0.02
DE Deere & Co.	New	0.02%	+0.02
CNI Canadian Natl Railway Co.	New	0.01%	+0.01
APG Api Group Corp.	Add +7.3%	0.14%	+0.01
PEP Pepsico Inc.	Add +10.1%	0.11%	+0.01
INMD Inmode Ltd.	Add +0.0%	0.12%	+0.01
ARE Alexandria Real Estate Equit	Add +13.0%	0.08%	+0.01

Notes & Other Activity Q4 2024 → Q1 2025


HP ENTERPRISE CO (HPE 7.625 09/01/27)	7.625 MAND CONV	Add +27.6%	92,182	$4.4M

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