River Road Asset Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 30, 2026), River Road Asset Management, LLC reported 174 stock positions worth $8.8 billion. Its top holding was Bj's Wholesale Club (BJ) at 3.9% of the portfolio, followed by White Mountains Insurance GP (WTM, 3.0%) and McGrath Rentcorp (MGRC, 2.7%). Compared with Q4 2025, it opened 27 new positions, sold out of 27, added to 55 and reduced 92. The biggest buy was a new position in American Express (AXP) and the biggest sale an exit from Ares Management Class A (ARES).
- Most Recent 13F
- Q2 2026
- Location
- LOUISVILLE, KY
- CIK
- 0001341401
- Portfolio Value
- $8.8B (Q1 2026)
- SEC Filing
- 0001341401-26-000012 ↗ filed Apr 30, 2026
Holdings Value
Holdings 174 stocks · $8.8B
| BJ Bj's Wholesale Club Holdings filed as BJS WHSL CLUB HLDGS INC | 3.91% | 3,503,473 | $344.8M | Add +2.9% |
| WTM White Mountains Insurance GP | 3.01% | 120,519 | $264.8M | Reduce -0.3% |
| MGRC McGrath Rentcorp | 2.71% | 2,160,837 | $238.3M | Add +1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.48% | 455,439 | $218.2M | Add +1.7% |
| MUSA Murphy USA Inc. | 2.22% | 395,784 | $195.5M | Reduce -21.8% |
| GXO Gxo Logistics Inc. | 2.08% | 3,541,141 | $183.6M | Add +20.3% |
| MAA Mid-America Apartment Comm | 1.98% | 1,428,079 | $174.4M | Add +52.3% |
| CXW Corecivic Inc. | 1.93% | 9,011,396 | $170.4M | Add +0.4% |
| LAD Lithia Motors Inc. | 1.85% | 652,815 | $163.0M | Reduce -12.1% |
| AGO Assured Guaranty Ltd. | 1.75% | 1,891,378 | $154.1M | Add +0.3% |
| ATR Aptargroup Inc. | 1.68% | 1,177,003 | $148.3M | Add +28.3% |
| COO The Cooper Cos Inc. | 1.60% | 1,974,606 | $141.2M | Add +24.8% |
| WTW Willis Towers Watson PLC | 1.60% | 484,993 | $141.0M | Add +42.4% |
| CRH CRH PLC | 1.53% | 1,285,977 | $135.2M | Add +24.0% |
| LH Labcorp Holdings Inc. | 1.53% | 504,932 | $134.7M | Add +23.7% |
| UNF Unifirst Corp. | 1.43% | 499,861 | $125.8M | Reduce -42.2% |
| AMRZ Amrize Ltd. | 1.43% | 2,243,463 | $125.7M | Reduce -22.2% |
| GNW Genworth Financial Inc. | 1.41% | 15,321,612 | $124.4M | Reduce -6.5% |
| PLUS Eplus Inc. | 1.39% | 1,624,672 | $122.3M | Add +0.5% |
| VNT Vontier Corp. | 1.34% | 3,328,459 | $118.1M | Add +0.9% |
| UNP Union Pacific Corp. | 1.34% | 486,156 | $118.0M | Reduce -0.8% |
| AXP American Express Co. | 1.30% | 379,197 | $114.7M | New |
| DK Delek US Holdings Inc. | 1.27% | 2,480,378 | $111.8M | Reduce -2.6% |
| TFX Teleflex Inc. | 1.25% | 922,116 | $110.3M | New |
| CALM Cal-Maine Foods Inc. | 1.23% | 1,369,522 | $108.4M | New |
| KR Kroger Co. | 1.19% | 1,444,473 | $104.5M | Reduce -18.0% |
| SNN Smith & Nephew PLC -Spon ADR | 1.17% | 3,241,750 | $103.0M | Add +2.3% |
| AXS Axis Capital Holdings Ltd. | 1.17% | 1,015,028 | $102.9M | Reduce -3.5% |
| GEHC GE Healthcare Technology | 1.09% | 1,343,187 | $95.6M | Reduce -4.8% |
| PGR Progressive Corp. | 1.08% | 482,030 | $95.6M | Add +9.3% |
| FCNCA First Citizens Bcshs Class A | 1.07% | 50,151 | $94.5M | Reduce -9.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.07% | 975,905 | $94.1M | New |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 1.04% | 1,259,653 | $91.4M | Add +29.9% |
| PSMT Pricesmart Inc. | 1.03% | 601,178 | $90.5M | Reduce -16.4% |
| IMKTA Ingles Markets Inc. Class A | 0.98% | 956,420 | $86.0M | Reduce -5.0% |
| MDU Mdu Resources Group Inc. | 0.96% | 4,077,251 | $84.5M | Reduce -13.4% |
| ICUI Icu Medical Inc. | 0.95% | 646,430 | $83.5M | Reduce -0.7% |
| UFPI Ufp Industries Inc. | 0.93% | 889,843 | $82.0M | Add +1.1% |
| CACI Caci International Inc. Class A | 0.92% | 149,326 | $81.2M | Reduce -40.6% |
| CEG Constellation Energy | 0.91% | 287,191 | $80.2M | New |
| SWX Southwest Gas Holdings Inc. | 0.89% | 903,750 | $78.5M | Reduce -2.5% |
| PR Permian Resources Corp. Class A | 0.86% | 3,565,621 | $76.0M | Reduce -23.8% |
| PRSU Pursuit Attractions and Hosp | 0.86% | 2,074,222 | $76.0M | Add +2.0% |
| HAE Haemonetics Corp. | 0.85% | 1,327,989 | $74.8M | Add +20.5% |
| DAL Delta Air Lines Inc. | 0.84% | 1,118,701 | $74.4M | Reduce -13.2% |
| WEX Wex Inc. | 0.83% | 476,077 | $72.9M | Reduce -38.6% |
| KDP Keurig Dr Pepper Inc. | 0.82% | 2,734,593 | $72.0M | New |
| AMZN Amazon.com Inc. | 0.77% | 326,682 | $68.0M | New |
| PRKS United Parks & Resorts Inc. | 0.77% | 2,080,204 | $67.9M | Add +1.2% |
| DOLE Dole PLC | 0.76% | 4,694,951 | $67.1M | Add +1.7% |
| NWE Northwestern Energy Group Inc. | 0.75% | 1,005,802 | $66.3M | Reduce -20.4% |
| PAYC Paycom Software Inc. | 0.74% | 539,223 | $65.5M | Add +37.4% |
| BDX Becton Dickinson and Co. | 0.74% | 416,120 | $65.4M | Reduce -4.8% |
| MTN Vail Resorts Inc. | 0.73% | 503,994 | $64.7M | Reduce -0.9% |
| RTO Rentokil Initial PLC-SP ADR | 0.68% | 1,909,808 | $60.1M | Reduce -12.4% |
| WFC Wells Fargo & Co. | 0.64% | 709,410 | $56.5M | Add +413.6% |
| SFM Sprouts Farmers Market Inc. | 0.61% | 698,689 | $53.9M | New |
| CSL Carlisle Cos Inc. | 0.61% | 160,753 | $53.6M | Reduce -51.4% |
| MMS Maximus Inc. | 0.60% | 826,224 | $53.0M | Add +0.4% |
| BMRN Biomarin Pharmaceutical Inc. | 0.59% | 917,612 | $51.8M | Add +1.2% |
| WSC Willscot Holdings Corp. | 0.58% | 2,936,892 | $51.0M | Add +2.7% |
| ABG Asbury Automotive Group | 0.56% | 250,400 | $48.9M | Add +18.6% |
| HII Huntington Ingalls Industrie | 0.54% | 125,817 | $47.8M | Reduce -22.7% |
| DNOW Dnow Inc. | 0.54% | 4,009,225 | $47.7M | New |
| SNX TD Synnex Corp. | 0.54% | 281,448 | $47.5M | Reduce -4.3% |
| DE Deere & Co. | 0.54% | 83,982 | $47.3M | Reduce -54.2% |
| TTAM Titan America SA | 0.53% | 3,134,366 | $47.0M | Reduce -18.7% |
| AWI Armstrong World Industries | 0.52% | 278,656 | $45.9M | Reduce -0.5% |
| SAIC Science Applications Inte | 0.52% | 482,907 | $45.8M | Add +0.7% |
| VRRM Verra Mobility Corp. | 0.49% | 3,038,729 | $43.4M | Add +1.8% |
| SMPL The Simply Good Foods Co. | 0.49% | 2,999,314 | $43.0M | Add +89.0% |
| DINO HF Sinclair Corp. | 0.47% | 669,044 | $41.7M | Reduce -2.8% |
| LEN Lennar Corp. Class A | 0.47% | 479,047 | $41.6M | Add +3.8% |
| INGM Ingram Micro Holding Corp. | 0.47% | 1,758,062 | $41.0M | Add +31.9% |
| ICLR Icon PLC | 0.46% | 369,715 | $40.9M | Reduce -22.2% |
| HUBG Hub Group Inc. Class A | 0.46% | 1,115,218 | $40.2M | Reduce -15.6% |
| LKQ LKQ Corp. | 0.45% | 1,349,408 | $39.6M | Reduce -6.6% |
| CNA Cna Financial Corp. | 0.44% | 848,197 | $38.9M | Add +0.5% |
| OC Owens Corning | 0.44% | 358,408 | $38.8M | Add +3.0% |
| RDN Radian Group Inc. | 0.42% | 1,127,623 | $37.3M | Add +129.4% |
| NOMD Nomad Foods Ltd. | 0.42% | 3,817,484 | $36.7M | Add +4.8% |
| LMT Lockheed Martin Corp. | 0.41% | 60,229 | $36.4M | Reduce -57.2% |
| BRBR Bellring Brands Inc. | 0.40% | 2,162,720 | $34.8M | Add +2.4% |
| ENOV Enovis Corp. | 0.39% | 1,502,982 | $34.2M | Add +1.1% |
| LGIH Lgi Homes Inc. | 0.38% | 837,407 | $33.1M | Reduce -10.1% |
| SSNC Ss&c Technologies Holdings | 0.37% | 482,967 | $32.6M | Reduce -17.1% |
| HHH Howard Hughes Holdings Inc. | 0.37% | 510,387 | $32.3M | Reduce -2.1% |
| EMBC Embecta Corp. | 0.35% | 3,449,502 | $30.5M | Add +1.0% |
| UGI Ugi Corp. | 0.32% | 778,691 | $28.4M | New |
| CHE Chemed Corp. | 0.31% | 71,768 | $27.1M | New |
| IWD iShares Russell 1000 Value E | 0.29% | 121,158 | $25.9M | New |
| UL Unilever PLC-Sponsored ADR | 0.29% | 446,188 | $25.4M | Reduce -1.4% |
| RPC Ridgepost Capital Inc. Class A | 0.28% | 3,387,144 | $24.6M | Reduce -34.1% |
| TRIP Tripadvisor Inc. | 0.27% | 2,244,836 | $23.9M | Reduce -34.9% |
| JBI Janus International Group Inc. | 0.26% | 4,500,422 | $23.2M | Reduce -1.5% |
| CNH CNH Industrial NV | 0.26% | 2,088,402 | $23.0M | Reduce -67.2% |
| CNNE Cannae Holdings Inc. | 0.25% | 1,960,105 | $22.3M | Reduce -45.6% |
| WCC Wesco International Inc. | 0.25% | 79,832 | $21.8M | Reduce -63.3% |
| TXNM TXNM Energy Inc. | 0.24% | 360,823 | $21.1M | Reduce -55.5% |
| SSD Simpson Manufacturing Co. Inc. | 0.23% | 119,002 | $20.4M | Reduce -13.8% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $12.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | 101,571 | $6.6M | Reduce -6.9% |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | 134,481 | $6.1M | New |
Total filed on the 13F, all lines: $8.8B.
Portfolio Sells Q4 2025 → Q1 2026
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −1.43 |
| LAD Lithia Motors Inc. | Reduce -12.1% | 1.85% | −0.86 |
| BN Brookfield Corp. | Sold out | 0.00% | −0.86 |
| CSL Carlisle Cos Inc. | Reduce -51.4% | 0.61% | −0.55 |
| QSR Restaurant Brands Intern | Reduce -86.4% | 0.10% | −0.55 |
| CACI Caci International Inc. Class A | Reduce -40.6% | 0.92% | −0.55 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.53 |
| ICLR Icon PLC | Reduce -22.2% | 0.46% | −0.49 |
| WEX Wex Inc. | Reduce -38.6% | 0.83% | −0.44 |
| CASY Casey's General Stores Inc. | Sold out | 0.00% | −0.44 |
| UNF Unifirst Corp. | Reduce -42.2% | 1.43% | −0.40 |
| DE Deere & Co. | Reduce -54.2% | 0.54% | −0.40 |
| CNH CNH Industrial NV | Reduce -67.2% | 0.26% | −0.38 |
| CNNE Cannae Holdings Inc. | Reduce -45.6% | 0.25% | −0.37 |
| WCC Wesco International Inc. | Reduce -63.3% | 0.25% | −0.34 |
| LMT Lockheed Martin Corp. | Reduce -57.2% | 0.41% | −0.33 |
| EVTC Evertec Inc. | Sold out | 0.00% | −0.31 |
| NSP Insperity Inc. | Sold out | 0.00% | −0.31 |
| YELP Yelp Inc. | Reduce -72.6% | 0.09% | −0.30 |
| AMRZ Amrize Ltd. | Reduce -22.2% | 1.43% | −0.29 |
| TXNM TXNM Energy Inc. | Reduce -55.5% | 0.24% | −0.28 |
| TRIP Tripadvisor Inc. | Reduce -34.9% | 0.27% | −0.28 |
| RPC Ridgepost Capital Inc. Class A | Reduce -34.1% | 0.28% | −0.27 |
| HCC Warrior Met Coal Inc. | Sold out | 0.00% | −0.24 |
| BAH Booz Allen Hamilton Holdings | Sold out | 0.00% | −0.24 |
| FCNCA First Citizens Bcshs Class A | Reduce -9.5% | 1.07% | −0.23 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.23 |
| GNW Genworth Financial Inc. | Reduce -6.5% | 1.41% | −0.21 |
| SSNC Ss&c Technologies Holdings | Reduce -17.1% | 0.37% | −0.19 |
| BDX Becton Dickinson and Co. | Reduce -4.8% | 0.74% | −0.19 |
| GEHC GE Healthcare Technology | Reduce -4.8% | 1.09% | −0.18 |
| ALIT Alight Inc. Class A | Sold out | 0.00% | −0.18 |
| VYX NCR Voyix Corp. | Reduce -40.3% | 0.11% | −0.18 |
| TTAM Titan America SA | Reduce -18.7% | 0.53% | −0.16 |
| TPG TPG Inc. | Sold out | 0.00% | −0.16 |
| HUBG Hub Group Inc. Class A | Reduce -15.6% | 0.46% | −0.16 |
| OSK Oshkosh Corp. | Sold out | 0.00% | −0.16 |
| PKE Park Aerospace Corp. | Sold out | 0.00% | −0.15 |
| NWE Northwestern Energy Group Inc. | Reduce -20.4% | 0.75% | −0.14 |
| DAL Delta Air Lines Inc. | Reduce -13.2% | 0.84% | −0.14 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.11 |
| VOYA Voya Financial Inc. | Sold out | 0.00% | −0.10 |
| CG The Carlyle Group Inc. | Sold out | 0.00% | −0.10 |
| HHH Howard Hughes Holdings Inc. | Reduce -2.1% | 0.37% | −0.09 |
| ICUI Icu Medical Inc. | Reduce -0.7% | 0.95% | −0.07 |
| VMI Valmont Industries | Sold out | 0.00% | −0.07 |
| AXS Axis Capital Holdings Ltd. | Reduce -3.5% | 1.17% | −0.07 |
| FNF Fidelity National Financial | Sold out | 0.00% | −0.07 |
| AWI Armstrong World Industries | Reduce -0.5% | 0.52% | −0.07 |
| PSX Phillips 66 | Sold out | 0.00% | −0.06 |
Portfolio Buys Q4 2025 → Q1 2026
| AXP American Express Co. | New | 1.30% | +1.30 |
| TFX Teleflex Inc. | New | 1.25% | +1.25 |
| CALM Cal-Maine Foods Inc. | New | 1.23% | +1.23 |
| DIS The Walt Disney Co. | New | 1.07% | +1.07 |
| CEG Constellation Energy | New | 0.91% | +0.91 |
| KDP Keurig Dr Pepper Inc. | New | 0.82% | +0.82 |
| AMZN Amazon.com Inc. | New | 0.77% | +0.77 |
| SFM Sprouts Farmers Market Inc. | New | 0.61% | +0.61 |
| BJ Bj's Wholesale Club Holdings | Add +2.9% | 3.91% | +0.55 |
| MAA Mid-America Apartment Comm | Add +52.3% | 1.98% | +0.55 |
| DNOW Dnow Inc. | New | 0.54% | +0.54 |
| WFC Wells Fargo & Co. | Add +413.6% | 0.64% | +0.50 |
| ATR Aptargroup Inc. | Add +28.3% | 1.68% | +0.46 |
| LH Labcorp Holdings Inc. | Add +23.7% | 1.53% | +0.41 |
| GXO Gxo Logistics Inc. | Add +20.3% | 2.08% | +0.38 |
| WTW Willis Towers Watson PLC | Add +42.4% | 1.60% | +0.37 |
| UGI Ugi Corp. | New | 0.32% | +0.32 |
| IFF Intl Flavors & Fragrances | Add +29.9% | 1.04% | +0.32 |
| CHE Chemed Corp. | New | 0.31% | +0.31 |
| IWD iShares Russell 1000 Value E | New | 0.29% | +0.29 |
| MGRC McGrath Rentcorp | Add +1.4% | 2.71% | +0.25 |
| RDN Radian Group Inc. | Add +129.4% | 0.42% | +0.23 |
| CBSH Commerce Bancshares Inc. | New | 0.19% | +0.19 |
| IRT Independence Realty Trust Inc. | New | 0.18% | +0.18 |
| COO The Cooper Cos Inc. | Add +24.8% | 1.60% | +0.18 |
| INGM Ingram Micro Holding Corp. | Add +31.9% | 0.47% | +0.15 |
| SMPL The Simply Good Foods Co. | Add +89.0% | 0.49% | +0.14 |
| MSGS Madison Square Garden Sports | New | 0.13% | +0.13 |
| MTDR Matador Resources Co. | New | 0.13% | +0.13 |
| BRO Brown & Brown Inc. | New | 0.12% | +0.12 |
| UNFI United Natural Foods Inc. | New | 0.11% | +0.11 |
| CRH CRH PLC | Add +24.0% | 1.53% | +0.11 |
| PRSU Pursuit Attractions and Hosp | Add +2.0% | 0.86% | +0.11 |
| TFII Tfi International Inc. | New | 0.10% | +0.10 |
| RELX Relx PLC - Spon ADR | New | 0.10% | +0.10 |
| MORN Morningstar Inc. | New | 0.08% | +0.08 |
| GPC Genuine Parts Co. | Add +89.0% | 0.19% | +0.08 |
| BATRK Atlanta Braves Holdings in-C | Add +50.7% | 0.15% | +0.06 |
| ZTS Zoetis Inc. | New | 0.06% | +0.06 |
| PAYC Paycom Software Inc. | Add +37.4% | 0.74% | +0.06 |
| LEN.B Lennar Corp. Class B | New | 0.06% | +0.06 |
| CXW Corecivic Inc. | Add +0.4% | 1.93% | +0.05 |
| UFPI Ufp Industries Inc. | Add +1.1% | 0.93% | +0.05 |
| ACI Albertsons Cos Inc. Class A | Add +66.6% | 0.12% | +0.05 |
| QCOM Qualcomm Inc. | New | 0.03% | +0.03 |
| MSFT Microsoft Corp. | New | 0.03% | +0.03 |
| SNN Smith & Nephew PLC -Spon ADR | Add +2.3% | 1.17% | +0.03 |
| TXN Texas Instruments Inc. | Add +2.5% | 0.13% | +0.02 |
| CCL Carnival Corp. | Add +27.5% | 0.18% | +0.02 |
| ABG Asbury Automotive Group | Add +18.6% | 0.56% | +0.02 |
Notes & Other Activity Q4 2025 → Q1 2026
| HP ENTERPRISE CO (HPE 7.625 09/01/27) | 7.625 MAND CONV | Reduce -6.9% | 101,571 | $6.6M |
| ORACLE CORP (ORCL 6.5 01/15/29 D) | 6.5 DEP CUM SR D | New | 134,481 | $6.1M |
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 |