Vulcan Value Partners, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 10, 2026), Vulcan Value Partners, LLC reported 36 stock positions worth $3.3 billion. Its top holding was Everest (EG) at 11.3% of the portfolio, followed by Microsoft (MSFT, 11.2%) and Ryan Specialty (RYAN, 9.1%). Compared with Q1 2026, it opened 4 new positions, sold out of 1, added to 6 and reduced 26. The biggest buy was Ryan Specialty (RYAN, shares +20%) and the biggest sale Unitedhealth (UNH, shares −93%).
- Most Recent 13F
- Q2 2026
- Location
- BIRMINGHAM, AL
- CIK
- 0001556785
- Portfolio Value
- $3.3B (Q2 2026)
- SEC Filing
- 0001556785-26-000016 ↗ filed Aug 10, 2026
Holdings Value
Holdings 36 stocks · $3.3B
| EG Everest Group Ltd. | 11.28% | 1,036,906 | $370.4M | Reduce -23.9% |
| MSFT Microsoft Corp. | 11.21% | 986,905 | $368.1M | Reduce -11.0% |
| RYAN Ryan Specialty Holdings Inc. | 9.09% | 7,912,669 | $298.8M | Add +20.0% |
| MA Mastercard Inc. Class A | 7.86% | 502,961 | $258.3M | Add +31.3% |
| AMZN Amazon.com Inc. | 7.20% | 992,758 | $236.6M | Reduce -37.8% |
| TDG Transdigm Group Inc. | 6.91% | 170,429 | $227.0M | Reduce -7.5% |
| ARES Ares Management Corp. Class A | 6.45% | 1,902,580 | $211.8M | Add +12.5% |
| TRU Transunion | 5.94% | 2,707,249 | $195.3M | Reduce -15.6% |
| GOOG Alphabet Inc. Class C | 5.80% | 539,472 | $190.6M | Reduce -20.3% |
| V Visa Inc. Class A | 4.84% | 463,268 | $158.9M | Reduce -27.6% |
| TPG TPG Inc. | 2.92% | 2,361,862 | $95.8M | Add +18.9% |
| MEDP Medpace Holdings Inc. | 2.29% | 141,743 | $75.1M | Reduce -30.2% |
| ELV Elevance Health Inc. | 1.83% | 155,873 | $60.3M | Reduce -47.5% |
| NOW ServiceNow Inc. | 1.74% | 574,811 | $57.1M | Add +7.7% |
| IQV Iqvia Holdings Inc. | 1.53% | 259,856 | $50.2M | Add +4.7% |
| KMX Carmax Inc. | 1.47% | 912,638 | $48.3M | Reduce -58.6% |
| FISV Fiserv Inc. | 1.33% | 893,965 | $43.8M | Reduce -18.3% |
| NICE Nice Ltd. - Spon ADR | 1.32% | 478,421 | $43.5M | Reduce -16.4% |
| HEI.A Heico Corp. Class A | 1.21% | 153,718 | $39.6M | Reduce -13.9% |
| JLL Jones Lang Lasalle Inc. | 0.91% | 96,258 | $29.8M | Reduce -12.1% |
| UNH Unitedhealth Group Inc. | 0.85% | 67,309 | $28.0M | Reduce -92.6% |
| CRM Salesforce Inc. | 0.78% | 164,013 | $25.7M | Reduce -16.7% |
| CIGI Colliers Intl GR-Subord Vot | 0.60% | 211,910 | $19.9M | Reduce -17.0% |
| ABM Abm Industries Inc. | 0.60% | 448,559 | $19.8M | Reduce -28.8% |
| MLKN Millerknoll Inc. | 0.52% | 838,151 | $17.1M | Reduce -36.7% |
| QRVO Qorvo Inc. | 0.51% | 181,315 | $16.9M | Reduce -32.5% |
| EFX Equifax Inc. | 0.44% | 90,748 | $14.4M | New |
| G Genpact Ltd. | 0.44% | 521,587 | $14.3M | Reduce -26.6% |
| SARO Standardaero Inc. | 0.41% | 450,287 | $13.5M | Reduce -37.2% |
| PRG Prog Holdings Inc. | 0.40% | 281,066 | $13.1M | Reduce -50.4% |
| FBIN Fortune Brands Innovations I | 0.36% | 214,798 | $11.8M | Reduce -37.5% |
| BMI Badger Meter Inc. | 0.31% | 68,684 | $10.2M | New |
| LFUS Littelfuse Inc. | 0.24% | 17,448 | $7.9M | Reduce -77.7% |
| ITRN Ituran Location and Control | 0.23% | 124,028 | $7.6M | Reduce -74.9% |
| VEEV Veeva Systems Inc. Class A | 0.11% | 21,240 | $3.8M | New |
| IWD iShares Russell 1000 Value E | 0.05% | 7,011 | $1.7M | New |
Portfolio Sells Q1 2026 → Q2 2026
| UNH Unitedhealth Group Inc. | Reduce -92.6% | 0.85% | −5.70 |
| AMZN Amazon.com Inc. | Reduce -37.8% | 7.20% | −1.61 |
| KMX Carmax Inc. | Reduce -58.6% | 1.47% | −0.96 |
| EG Everest Group Ltd. | Reduce -23.9% | 11.28% | −0.52 |
| ELV Elevance Health Inc. | Reduce -47.5% | 1.83% | −0.47 |
| LFUS Littelfuse Inc. | Reduce -77.7% | 0.24% | −0.46 |
| ITRN Ituran Location and Control | Reduce -74.9% | 0.23% | −0.41 |
| NICE Nice Ltd. - Spon ADR | Reduce -16.4% | 1.32% | −0.35 |
| PK Park Hotels & Resorts Inc. | Sold out | 0.00% | −0.33 |
| MEDP Medpace Holdings Inc. | Reduce -30.2% | 2.29% | −0.30 |
| V Visa Inc. Class A | Reduce -27.6% | 4.84% | −0.29 |
| FISV Fiserv Inc. | Reduce -18.3% | 1.33% | −0.28 |
| G Genpact Ltd. | Reduce -26.6% | 0.44% | −0.26 |
| CRM Salesforce Inc. | Reduce -16.7% | 0.78% | −0.19 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -17.0% | 0.60% | −0.12 |
| SARO Standardaero Inc. | Reduce -37.2% | 0.41% | −0.08 |
| ABM Abm Industries Inc. | Reduce -28.8% | 0.60% | −0.04 |
| QRVO Qorvo Inc. | Reduce -32.5% | 0.51% | −0.04 |
| PRG Prog Holdings Inc. | Reduce -50.4% | 0.40% | −0.03 |
| FBIN Fortune Brands Innovations I | Reduce -37.5% | 0.36% | +0.00 |
| MLKN Millerknoll Inc. | Reduce -36.7% | 0.52% | +0.01 |
| JLL Jones Lang Lasalle Inc. | Reduce -12.1% | 0.91% | +0.02 |
| TRU Transunion | Reduce -15.6% | 5.94% | +0.06 |
| HEI.A Heico Corp. Class A | Reduce -13.9% | 1.21% | +0.21 |
| MSFT Microsoft Corp. | Reduce -11.0% | 11.21% | +0.32 |
| GOOG Alphabet Inc. Class C | Reduce -20.3% | 5.80% | +0.66 |
| TDG Transdigm Group Inc. | Reduce -7.5% | 6.91% | +1.25 |
Portfolio Buys Q1 2026 → Q2 2026
| RYAN Ryan Specialty Holdings Inc. | Add +20.0% | 9.09% | +3.20 |
| MA Mastercard Inc. Class A | Add +31.3% | 7.86% | +2.79 |
| ARES Ares Management Corp. Class A | Add +12.5% | 6.45% | +1.56 |
| TPG TPG Inc. | Add +18.9% | 2.92% | +0.78 |
| EFX Equifax Inc. | New | 0.44% | +0.44 |
| IQV Iqvia Holdings Inc. | Add +4.7% | 1.53% | +0.41 |
| BMI Badger Meter Inc. | New | 0.31% | +0.31 |
| NOW ServiceNow Inc. | Add +7.7% | 1.74% | +0.26 |
| VEEV Veeva Systems Inc. Class A | New | 0.11% | +0.11 |
| IWD iShares Russell 1000 Value E | New | 0.05% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 36 | $3.3B | EG, MSFT, RYAN, MA, AMZN |
| Q1 2026 | 33 | $3.8B | EG, MSFT, AMZN, UNH, RYAN |
| Q4 2025Amended | 41 | $5.5B | MSFT, EG, CRM, AMZN, UNH |
| Q3 2025 | 40 | $5.5B | MSFT, EG, UNH, AMZN, CRM |
| Q2 2025 | 38 | $5.7B | MSFT, AMZN, EG, UNH, TDG |
| Q1 2025 | 39 | $5.3B | MSFT, EG, CSGP, TDG, AMZN |
| Q4 2024 | 49 | $6.0B | MSFT, SWKS, AMZN, GOOG, CSGP |
| Q3 2024 | 43 | $6.0B | AMZN, SWKS, CRM, MSFT, CSGP |
| Q2 2024Amended | 45 | $6.6B | AMZN, SWKS, CRM, MSFT, GOOG |
| Q1 2024 | 46 | $6.9B | KKR, AMZN, MSFT, TDG, GOOG |