River Road Asset Management, LLC

Name: River Road Asset Management, LLC 13F holdings, Q2 2026
Creator: River Road Asset Management, LLC
Published: 2026-07-17

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

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%
PNC PNC Financial Services Group	0.22%	80,848	$19.9M	Reduce -7.5%
CBSH Commerce Bancshares Inc.	0.22%	339,962	$19.6M	Add +0.0%
WMB Williams Cos Inc.	0.21%	255,775	$19.0M	Reduce -4.5%
FDXF FedEx Freight Holding Co.	0.21%	122,304	$18.5M	New
OTIS Otis Worldwide Corp.	0.20%	255,913	$18.3M	New
PGNY Progyny Inc.	0.20%	635,023	$18.3M	Reduce -6.1%
TXNM TXNM Energy Inc.	0.20%	316,352	$18.0M	Reduce -12.3%
TNC Tennant Co.	0.20%	203,677	$17.8M	Reduce -24.6%
TXN Texas Instruments Inc.	0.19%	58,643	$17.5M	Reduce -4.0%
CCL Carnival Corp. Ltd.	0.19%	601,912	$17.2M	Add +0.8%
EXPD Expeditors Intl Wash Inc.	0.19%	102,766	$16.7M	Reduce -12.0%
BATRK Atlanta Braves Holdings in-C	0.18%	319,128	$16.6M	Add +0.8%
CB Chubb Ltd.	0.18%	46,785	$15.9M	Reduce -7.5%
UNFI United Natural Foods Inc.	0.17%	337,888	$15.4M	Add +50.5%
COKE Coca-Cola Consolidated Inc.	0.17%	79,831	$15.2M	Reduce -3.5%
MSFT Microsoft Corp.	0.17%	40,790	$15.2M	Add +489.7%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC	0.16%	358,330	$14.7M	Reduce -3.1%
BXC Bluelinx Holdings Inc.	0.16%	232,918	$14.4M	Reduce -4.5%
SSD Simpson Manufacturing Co. Inc.	0.16%	67,424	$14.1M	Reduce -43.3%
TRIP Tripadvisor Inc.	0.15%	1,003,898	$13.8M	Reduce -55.3%
KMI Kinder Morgan Inc.	0.15%	407,869	$13.0M	Reduce -4.1%
UNF Unifirst Corp.	0.14%	47,547	$12.6M	Reduce -90.5%
SBUX Starbucks Corp.	0.14%	118,919	$12.2M	Reduce -5.8%
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC	0.13%	149,826	$11.8M	Add +1.0%
TFII Tfi International Inc.	0.13%	81,655	$11.7M	Add +5.3%
GEO The Geo Group Inc.	0.13%	395,087	$11.7M	Reduce -36.5%
ACIW Aci Worldwide Inc.	0.13%	231,193	$11.6M	Reduce -13.5%
TLN Talen Energy Corp.	0.13%	29,621	$11.4M	Reduce -31.0%
MSGS Madison Square Garden Sports	0.13%	28,140	$11.3M	Reduce -23.2%
APD Air Products & Chemicals Inc.	0.12%	38,171	$11.2M	Reduce -6.0%
NWSA News Corp. Class A	0.12%	424,146	$10.5M	Add +0.8%
BRO Brown & Brown Inc.	0.11%	158,234	$10.2M	Add +0.7%
CPAY Corpay Inc.	0.11%	30,306	$10.1M	Reduce -36.0%
AMT American Tower Corp.	0.11%	61,338	$10.0M	Reduce -6.0%
ITRN Ituran Location and Control	0.11%	155,635	$9.5M	Reduce -49.1%
SSNC Ss&c Technologies Holdings	0.11%	152,691	$9.5M	Reduce -68.4%
MU Micron Technology Inc.	0.10%	8,018	$9.3M	Reduce -44.7%
JOE The St Joe Co.	0.10%	146,741	$9.2M	Add +0.8%
APG Api Group Corp.	0.10%	211,761	$9.0M	Add +0.8%
MTDR Matador Resources Co.	0.10%	179,786	$8.9M	Add +1.1%
HTO H2O America	0.09%	126,659	$7.7M	New
QSR Restaurant Brands Intern	0.09%	106,055	$7.7M	Reduce -9.5%
RELX Relx PLC - Spon ADR	0.09%	242,449	$7.7M	Reduce -4.1%
RPM RPM International Inc.	0.08%	68,458	$7.6M	Reduce -5.8%
LSTR Landstar System Inc.	0.08%	36,581	$7.6M	Reduce -70.5%
CELH Celsius Holdings Inc.	0.08%	253,447	$7.4M	New
MDT Medtronic PLC	0.08%	94,799	$7.4M	Reduce -4.5%
ABBV Abbvie Inc.	0.08%	29,235	$7.4M	Reduce -6.8%
DAL Delta Air Lines Inc.	0.08%	77,776	$7.3M	Reduce -93.0%
AMGN Amgen Inc.	0.08%	19,385	$7.0M	Reduce -6.3%
WMG Warner Music Group Corp. Class A	0.08%	253,707	$6.9M	Reduce -53.9%
EOG EOG Resources Inc.	0.08%	52,557	$6.8M	Reduce -5.6%
CRM Salesforce Inc.	0.08%	43,008	$6.7M	Reduce -7.0%
QCOM Qualcomm Inc.	0.08%	36,450	$6.7M	Add +76.1%
LEN.B Lennar Corp. Class B	0.07%	73,583	$6.5M	Add +24.9%
AVT Avnet Inc.	0.07%	72,109	$6.4M	Reduce -36.6%
PEP Pepsico Inc.	0.07%	45,944	$6.2M	Reduce -7.5%
JNJ Johnson & Johnson	0.07%	23,792	$6.0M	Reduce -5.7%
DUK Duke Energy Corp.	0.07%	47,430	$6.0M	Add +14.1%
EXPE Expedia Group Inc.	0.06%	21,663	$5.5M	Reduce -42.7%
TEL Te Connectivity PLC	0.06%	26,915	$5.4M	New
WSO Watsco Inc.	0.06%	12,034	$5.0M	Reduce -24.3%
LMB Limbach Holdings Inc.	0.05%	61,247	$4.7M	New
VRRM Verra Mobility Corp.	0.05%	1,076,728	$4.6M	Reduce -64.6%
CSCO Cisco Systems Inc.	0.05%	38,894	$4.6M	Reduce -6.2%
IDA Idacorp Inc.	0.05%	27,114	$4.1M	Reduce -16.1%
EPD Enterprise Products Partners	0.04%	87,467	$3.2M	Reduce -0.1%
ORCL Oracle Corp.	0.03%	20,345	$3.0M	Reduce -5.2%
ET Energy Transfer LP	0.03%	126,622	$2.4M	Add +19.9%
EXE Expand Energy Corp.	0.03%	26,232	$2.4M	Reduce -6.6%
UBER Uber Technologies Inc.	0.00%	5,380	$388K	New
CNI Canadian Natl Railway Co.	0.00%	2,276	$271K	Reduce -44.1%
MRSH Marsh & McLennan Cos	0.00%	1,290	$215K	Reduce -10.2%

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